From 2013 to 2023, the market size for suture materials and sterile surgical and dental goods in Thailand showed considerable fluctuations, reaching $39.578 million in 2023. The market experienced an initial growth trend, with positive year-on-year percentage changes, peaking in 2014. However, beginning in 2015, a declining pattern emerged, intensifying from 2018 onwards with significant drops in year-on-year values, notably by 7.39% in 2023. The compound annual growth rate over the last five years reveals an overall negative growth of 6.46% from 2018 to 2023, underscoring a persistent downtrend.
Future trends to watch for in this market include:
- Technological advancements that may offer innovative product solutions.
- Increasing demand for minimally invasive procedures, potentially boosting suture use.
- Aging population driving healthcare expansion and product uptake.
- Policy changes impacting import/export and regulation in the medical sector.
How does Thailand rank in Suture Materials, Sterile Surgical and Dental Goods Market Size Value?
| # | 33 Countries | US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 United Kingdom | 715,350,000 | 2023 | -1.23% | -1.48% | View data |
| 2 | 2 Italy | 604,310,000 | 2023 | -2.1% | -2.65% | View data |
| 3 | 3 France | 571,980,000 | 2023 | -0.54% | -0.83% | View data |
| 4 | 4 Spain | 567,700,000 | 2023 | +0.88% | +0.056% | View data |
| 5 | 5 South Korea | 289,280,000 | 2023 | +4.37% | +4% | View data |
| 17 | 17 Portugal | 47,881,000 | 2023 | +0.25% | -0.96% | View data |
| 18 | 18 Denmark | 41,791,000 | 2023 | -1.28% | -1.37% | View data |
| 19 | 19 Thailand | 39,578,000 | 2023 | -7.39% | -6.46% | |
| 20 | 20 Finland | 39,419,000 | 2023 | -0.11% | +0.13% | View data |
| 21 | 21 Norway | 29,344,000 | 2023 | -2% | -2.41% | View data |
