Thailand Medical Device Technology Consulting

YCP enhances the medical device technology industry in Thailand through a deep understanding of market dynamics, assisting clients in navigating the competitive landscape with precision. Their hands-on support includes insights into regulatory compliance, strategy formulation, and operational improvement, backed by a rich global perspective, to empower growth in Thailand’s dynamic medical device sector.

YCP Medical Device Technology Experts in Thailand

The medical device technology industry in Thailand is flourishing as the country advances in several sectors. Thailand has become a hub of innovation, seeing growth in medical device technology, driven by increased demand and a keen focus on technological adoption.

YCP's Thailand medical device technology consulting stands out among peers, offering unparalleled expertise and comprehensive insights. Leveraging experienced global professionals and an intimate grasp of the region's dynamics, YCP has consistently helped clients overcome complex market barriers ensuring successful market entry and sustained growth in the Thailand medical device sector.

With a reputation for excellence, YCP is the trusted diagnostic device consulting partner for businesses aiming to excel in Thailand's medical device market. With a proven track record, YCP brings assurance and expertise, empowering decision-makers to navigate with strategic confidence.

YCP in Numbers

Project Across Asia

Offices

Portfolio Businesses

Professionals

Unlocking Potential: Your Path to Excellence with
Thailand's Medical Device Technology Professionals

Compliance Enablement

Thailand's medical device technology is thriving, and YCP excels in ensuring compliance with local regulations to foster seamless innovation and market penetration.

IoT Integration

Harnessing cutting-edge IoT integration, YCP excels in advancing Thailand's medical device technology by optimizing functionality for superior patient care.

AI/ML Applications

Unrivaled expertise in AI/ML enhances Thailand's medical devices by optimizing patient care through technology integration strategies.

Our Services

Marketing & Sales

Partner with YCP for advanced strategic insights into Thailand's medical device tech market, optimizing your sales initiatives for maximum reach and impact.

Branding & Brand Management
Product & Portfolio Management
Pricing
Digital Marketing
E-commerce
Customer Experience
Sales Channel Strategy
Digital Sales

Operations

Leverage YCP's strategic insight for optimal entry and market growth in Thailand's medical tech industry.

Project Management Office (PMO)
Growth Strategy Implementation
Operation Transformation
Manufacturing
Organization Design

Supply Chain Management

Optimize complex logistic challenges with strategic surgical supply solutions in Thailand.

Supply Chain
Digital Supply Chain
Procurement
Logistics

M&A, Transactions, and PMI

Driving transformative growth and innovation through tailored M&A expertise in Thailand's medtech.

M&A Strategy
Divesstiture/Curb-out Strategy
M&A Target Scouting
Buyer/Investor Search
Commercial Due Diligence
M&A Execution (Buy-side & Sell-side Financial Advisory)
Valuation
Post-Merger Integration (PMI)
Value Creation
IPO PMO
Joint Venture
Corporate Venture Capital

Strategy

Guide strategies enabling growth and harmonization within Thailand's med-tech landscape.

Business Strategy
Corporate Finance
Growth Opportunity Identification
New Business Development
Organization Strategy
Enterprise Risk Management
Asset/Project Risk Management
Digital Strategy
Strategic Partnership & Channel Strategy

Digital Transformation

Strategically guiding Thailand’s medical device firms in adoption of robust digital solutions.

DX Vision
Digital Roadmap
CIO/CDO Support
System Architecture Design
DX PMO
Artificial Intelligence (AI)
Robotic Process Automation (RPA)
Big Data Analysis
IT Organization Design & Restructuring
IT Portfolio Management
Off-shore Development Centre Set-up

Public Services

Navigate Thailand's medical device landscape with strategic insights for optimal industry impact.

Economic Development
Public Policy Development
E-Governance

Sustainability

Enhancing sustainability by innovatively aligning medical device tech strategies with Thailand's unique regulatory landscape.

Sustainability Strategy & Implementation
Double Materiality
Decarbonization & Net-Zero Strategy
Climate Change Risks and Opportunities
Sustainability Due Diligence
Supply Chain Assessment
ESG Reporting
Investor Relations & Fundraising
Organization & Governance Design

Market Research

Identifying market trends in Thailand's medical devices sector guides strategic planning and innovation.

Market Landscape
Market Size
Industry Structure and Trend
Competitive Benchmark
Business Partner Search & Screening
B2B/B2C Customer Survey
Consumer Research

Navigating Medical Device Technology Sector in Thailand

Inefficient Regulatory Processes in Medical Devices

Navigating regulatory approval in Thailand is complex with over 70% of applications delayed, slowing down product-to-market timelines significantly.
To combat these delays, aligning early with local third-party assessors who understand the intricate bureaucratic systems can reduce time-to-market by up to 30%.

High Import Taxes Curtailing Profit Margins

Import taxes on medical devices in Thailand can reach up to 30%, impacting the revenues and making market entry non-viable for some international companies.
Seeing a partnership with local producers can mitigate high import taxes while leveraging notable domestic demand that is growing by 10% annually.

Expanding Healthcare Infrastructure Needs

Thailand's healthcare spending is set to rise 5% annually, requiring modern medical devices to outfit new and upgraded health facilities.
By tapping into this growing infrastructure spending, companies have the opportunity to supply quality devices capable of improving patient outcomes and capture a growing market segment.

Government Initiatives Boosting Tech innovations

The Thai government's initiatives have led to a 15% increase in tech incubation funds, providing fertile ground for medical device innovations.
With adequate capital support, there's room to innovate designed devices that meets specifically Thai healthcare needs amid increasing hospitalization rates, projected to increase by 12%.

Our Clients

We have worked with more than 2000 companies throughout various industries.

What Our Clients Say About Us

"The systematic and detailed approach adopted by the YCP team has helped to provide an in-depth analysis of the specific businesses in the country we are interested to enter. Their findings and recommendations have helped us gain a better understanding and make strategic decisions on our business expansion plan in this specific emerging country. I am therefore happy to recommend YCP as a reliable partner to any company requiring research and consulting capabilities in the medical areas. "

Channels Manager ASEAN

Boston Scientific Asia Pacific

"YCP made sure they had a thorough understanding of our business needs and objectives and focused on the key aspects of the Vietnam market that helped us with our market development strategies. Their analysis and recommendations provided us with clear insights into the decision of our strategic options. "

Managing Director Asia Pacific

Teva Pharma

Results Through Expertise: Case Studies

Learn how we help clients build and implement strategies
that drive sustainable growth in today’s complex business landscape.

Corporate Entity Restructuring Advisory and M&A Target Search

Client

Fortune 500 MNC leader in medical imaging

Area

Indonesia

Expertise Scope

Mergers & Acquisition PMO

Project Summary

Amid the parent company's restructuring, our client sought YCP's expertise in re-entry strategy and M&A target identification. With our in-depth analysis, we negotiated with two M&A targets for 100% acquisition, saving over EUR 100M in investments.

E-Commerce Website Development

Client

A Japanese medical equipment manufacturer

Area

Southeast Asia

Expertise Scope

Strategic Marketing

Project Summary

Our client needed support tapping into the Southeast Asian market and building an e-commerce channel. We created a market entry strategy in three countries, developed localised landing pages, and managed client campaigns to gain market access.