logo

Thailand Diabetes Care Devices Market Size (2024 - 2029)

The Thailand diabetes care devices market is experiencing growth due to the increasing prevalence of diabetes, which significantly impacts the country's mortality rates. Factors such as the adoption of disposable prefilled insulin pens to minimize administration errors and the need for effective blood sugar management are contributing to the expansion of this market. The market's growth is further influenced by the need to address both unmodifiable and modifiable risk factors associated with diabetes, including lifestyle and behavioral changes.

Home Market Analysis Healthcare Research Device Drug Combination Research Diagnostics and Therapeutics Research Diabetes Care Research Thailand Diabetes Care Devices Market Market Size

Market Size of Thailand Diabetes Care Devices Industry

Thailand Diabetes Care Devices Market Summary
Study Period 2019 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
Market Size (2024) USD 128.94 Million
Market Size (2029) USD 175.49 Million
CAGR (2024 - 2029) 6.36 %

Major Players

Thailand Diabetes Care Devices Market Major Players

*Disclaimer: Major Players sorted in no particular order

Thailand Diabetes Care Devices Market Analysis

The Thailand Diabetes Care Devices Market size is estimated at USD 128.94 million in 2024, and is expected to reach USD 175.49 million by 2029, growing at a CAGR of 6.36% during the forecast period (2024-2029).

Thailand possesses the seventh highest number of individuals with diabetes in the Western Pacific region, accounting for 9.9% of the adult population. Diabetes stands as a prominent contributor to mortality rates in Thailand. Out of the 200,000 deaths caused by chronic non-communicable diseases each year, around 30,000 (15%) can be attributed to diabetes.

Diabetes mellitus is a medical condition characterized by elevated blood sugar levels caused by insufficient insulin production, impaired insulin secretion, or a combination of both. Prolonged hyperglycemia can lead to damage, deterioration, and malfunction of essential organs. The inability to manage blood sugar levels can be attributed to factors that cannot be changed, such as gender, age, duration of diabetes, and complications related to blood vessels and other organs. 

On the other hand, factors that can be modified include behavioral and psychosocial aspects, like unhealthy eating habits, lack of physical activity, obesity, failure to follow medical advice, and neglecting prescribed medication. Additionally, stress, depression, and anxiety, particularly those related to diabetes, can also contribute to difficulties in controlling blood sugar levels.

Disposable prefilled insulin pens, both long-acting and short-acting analogs, were chosen instead of insulin vials to reduce administration errors, particularly in insulin-naïve patients. Insulin pens were kept at a medical clinic and distributed in a temperature-controlled container by a same-day delivery service.

Thus increasing diabetes population is driving the diabetes care devices market in projected timeframe.

Thailand Diabetes Care Devices Industry Segmentation

The tools used in diabetes care are used to measure the body's blood sugar levels resulting from insulin synthesis. Patients with diabetes are given these care tools to monitor their blood glucose levels and better manage their chronic illnesses. Thailand Diabetes Care Devices Market is segmented into devices and Monitoring Devices. The report offers the value (in USD) and volume (in Units) for the above segments.

Monitoring Devices
Self-monitoring Blood Glucose Devices
Glucometer Devices
Test Strips
Lancets
Continuous Blood Glucose Monitoring
Sensors
Durables
Management Devices
Insulin Pump
Insulin Pump Device
Insulin Pump Reservoir
Infusion Set
Insulin Syringes
Insulin Cartridges
Disposable Pens
Need A Different Region Or Segment?
Customize Now

Thailand Diabetes Care Devices Market Size Summary

The Thailand diabetes care devices market is poised for significant growth, driven by the increasing prevalence of diabetes and the adoption of advanced medical technologies. As one of the countries with a high number of diabetes cases in the Western Pacific region, Thailand faces a substantial health challenge, with diabetes contributing significantly to mortality rates. The condition, characterized by elevated blood sugar levels due to insufficient insulin production or impaired secretion, necessitates effective management strategies. The market is influenced by both non-modifiable factors, such as age and duration of diabetes, and modifiable lifestyle choices, including diet and physical activity. The Thai government's initiatives, such as the 'Thailand Healthy Lifestyle Strategic Plan 2011-2020', aim to mitigate the impact of diabetes by promoting awareness and the use of diabetes care devices.

Technological advancements in diabetes care devices are further propelling market growth. Innovations like continuous glucose monitoring and automated insulin delivery systems are enhancing diabetes management capabilities. The market is also witnessing strategic mergers and acquisitions, such as Dexcom's acquisition of TypeZero Technologies, which aim to advance the development of artificial pancreas systems. Key players in the market, including Medtronic, F. Hoffmann-La Roche AG, Novo Nordisk, Abbott Diabetes Care, and Dexcom, are actively involved in developing and introducing new devices. Collaborations, such as the one between Phillips-Medisize and GlucoModicum, are leading to the creation of novel devices that integrate advanced technologies for improved diabetes management. These developments, coupled with the increasing diabetes population, are expected to drive the market's expansion in the coming years.

Explore More

Thailand Diabetes Care Devices Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Market Overview

    2. 1.2 Market Drivers

    3. 1.3 Market Restraints

    4. 1.4 Industry Attractiveness - Porter's Five Force Analysis

      1. 1.4.1 Threat of New Entrants

      2. 1.4.2 Bargaining Power of Buyers/Consumers

      3. 1.4.3 Bargaining Power of Suppliers

      4. 1.4.4 Threat of Substitute Products

      5. 1.4.5 Intensity of Competitive Rivalry

  2. 2. MARKET SEGMENTATION

    1. 2.1 Monitoring Devices

      1. 2.1.1 Self-monitoring Blood Glucose Devices

        1. 2.1.1.1 Glucometer Devices

        2. 2.1.1.2 Test Strips

        3. 2.1.1.3 Lancets

      2. 2.1.2 Continuous Blood Glucose Monitoring

        1. 2.1.2.1 Sensors

        2. 2.1.2.2 Durables

    2. 2.2 Management Devices

      1. 2.2.1 Insulin Pump

        1. 2.2.1.1 Insulin Pump Device

        2. 2.2.1.2 Insulin Pump Reservoir

        3. 2.2.1.3 Infusion Set

      2. 2.2.2 Insulin Syringes

      3. 2.2.3 Insulin Cartridges

      4. 2.2.4 Disposable Pens

Thailand Diabetes Care Devices Market Size FAQs

The Thailand Diabetes Care Devices Market size is expected to reach USD 128.94 million in 2024 and grow at a CAGR of 6.36% to reach USD 175.49 million by 2029.

In 2024, the Thailand Diabetes Care Devices Market size is expected to reach USD 128.94 million.

Thailand Diabetes Care Devices Market Report Snapshots

Thailand Diabetes Care Devices Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)