Industry Ministry targets 30% medical device export growth in 2 years

By Pooky; 4/20/2013

Thailand’s Industry Ministry office of industry economics has set a target to develop the local medical device industry for the local and export market. The target is for an export growth of 30% in 2 years. Thailand currently, has less than 1% of the global export market of medical devices.  To hit the 30% growth, a series of measures will be taken. A one stop service for investors interested in the sector will be set up, along with a special industrial estate for the sector’s cluster. The minister will also push for a single standard, for Thailand’s medical device, to reduce red tape. Thais have produce some cutting-edge devices. For example, a Thai inventor has won prizes from an international inventions exhibition recently in Switzerland. New Innovation of Early Detected Ischemic Stroke Device Reach to Community invented by Watchara Kaewmahanin, a lecturer at Biomedical Research Unit in Cardiovascular Sciences of Faculty of Allied Health Sciences at Naresuan University won a special prize on stage and Geneva bronze prize at the 41st International Exhibition of Inventions of Geneva. Inventors from 45 countries across the world presented their inventions at the exhibition. Apart from the Industry Ministry, Thailand’s technology development unit, NECTEC and Thailand’s Computer Software Development unit, SIPA, are pushing the development of medical related software industry (Source).

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