Thailand's export of suture materials, sterile surgical and dental goods exhibited noticeable growth from 2013 to 2023, reaching a value of 2163.6 thousand US dollars in 2023. The year-on-year growth for the past two years shows a 4.92% increase in 2023 following a slight dip of 4.29% in 2022. Analyzing the last five years shows a slower average annual growth rate (CAGR) of 2.47% between 2018 and 2023.
From 2024 onwards, forecasts indicate a steady increase, with exports expected to reach 2650.7 thousand US dollars by 2028, reflecting a forecasted five-year CAGR of 3.08% and an overall growth rate of 16.36% through this period.
Future trends to watch for include potential increases in global demand for medical supplies and technological innovations that could drive further export growth. Additionally, geopolitical factors and international trade policies will play critical roles in shaping future export dynamics.
