Thailand

Current Distributors Profile

Our network has distributors that have product categories that include Diagnostic tests for Infectious diseases, Neonatal Screening, Lab Automation and Lab reagents and consumables. These distributors have a dedicated sales and support staff.  Their marketing efforts include participation in domestic exhibition, digital marketing and of course direct promotional efforts.

b2b connect has a relationship with distributors in Thailand that we can contact to see which one may be a good fit with your product portfolio.

Market

With a population of senior citizens that has climbed to 11% (about 7.5 million people) as of 2016, and is projected to more than double to 25% by 2040, Thailand has set its sights on expanding its biopharma industry as well as medical device development. Thailand has included “agriculture and biotechnology,” “biofuels and biochemicals,” and “health, wellness, and biomed” among industry groups targeted for expansion through its “Thailand 4.0” 20-year national economic growth strategy.

Biotech companies enjoy corporate tax exemptions stretching up to eight years, with a five-year additional 50%-off tax exemption for businesses that locate in science and technology parks. However, as of October, Thailand’s first-ever effort to promote private investment in biotech-related businesses, and adding value to farm products, “is still far from being completed,” the Bangkok Post reported on October 10. The nation has shown more progress, however, in targeting medical tourism for growth, with a 10-year strategic plan launched last year to become a global medical hub by 2026.

Thailand places seventh in jobs, with estimates ranging from 2400 (Thailand Board of Investment) to 48,000 (IFPMA). The nation is eighth in companies with “approximately 200” as of 2016, according to the investment board. However, Thailand placed ninth in R&D ($5.147 billion, according to UNESCO) and 10th in patents (155 listing at least one Thai investor, according to WIPO).