Between 2013 and 2023, the import of medical, dental, surgical, and veterinary furniture to Thailand exhibited a significant upward trend, growing from 1.82 million kilograms to 4.17 million kilograms. The initial years saw rapid growth, with notable year-on-year increases such as 23.70% in 2015 and 23.66% in 2017. Although growth rates moderated starting in 2018, the import volumes continued to rise steadily. Over the last two years, the growth rates were sustainable at 4.7% in 2022 and 4.4% in 2023. Over the last five years, the CAGR averaged at 4.84%.
Future trends to watch for:
- Continued growth in import volumes is forecasted through 2028, albeit at a more moderate CAGR of 2.85%.
- Potential influences include advancements in medical technology, an aging population driving demand, and economic factors affecting healthcare investments.
- Attention should be paid to global supply chain dynamics and regulatory changes that may impact import volumes and growth rates in Thailand.