The import of orthopaedic and fracture appliances to Thailand is expected to decline steadily over the forecasted period from 2024 to 2028. In 2023, the volume stood at 81.45 thousand kilograms. By 2024, it is projected to decrease to 78.35 thousand kilograms, marking a year-on-year decline of approximately 3.8%. This downward trend continues each year, with 2025 showing a further decline to 75.31 thousand kilograms, translating to another approximately 3.9% decrease. Similar patterns are observed with 2026, 2027, and 2028, where the volumes forecasted are 72.33, 69.41, and 66.55 thousand kilograms respectively, with year-on-year declines of 4.0%, 4.0%, and 4.1%.
Over the five-year period, the compound annual growth rate (CAGR) for the imports is projected to be approximately -3.9%, indicating a consistent reduction in import volumes.
Future trends to watch for include changes in Thailand's domestic production capabilities, potential shifts in healthcare policies affecting demand for imported orthopaedic appliances, and technological advancements that may alter the reliance on imports. Additionally, global supply chain dynamics and trade relations could influence future import volumes significantly.
