Download Economics Drives Thailand led Laboratory Market in ASEAN

Economics Drives Thailand led Laboratory Market in ASEAN
Thailand, 2nd largest economy in South East Asia, promotes foreign investment with new S
curve structure towards innovative, digital and research based economy, leading the
country to the new dimension of laboratory, biotechnology and life science investment in
ASEAN.
Thailand government and private companies potentially spend 130,000 MB or 1% GDP on
R&D Expenditure in 2016. It is predilection that following technology acquisition and support
by the government such as Talent Mobility Program and 300% tax incentive, private sector
embraces more investment to enhance their innovation, standards and production etc. The
value of the R&D expenditure can also be increased by the expenditure on quality control
and quality assurance, requiring high number of instruments and tools also includes
consumable equipment. Importantly, the government’s mega projects such as Thailand
Science Park Development plan, Economic Zones of Innovation (EZI) and Food Innopolis
and ongoing supports on R&D ecosystem encourage more application of laboratory
instruments and equipment. As a result, Thailand now becomes the leading country for
laboratory market.
Thailand has earned their economy growth in recent years thanks to integration of the
South East Asia’s single market or Asian Economic Community (AEC). South East Asia’s
10 countries, the world's ninth-largest economy, have a combined gross domestic product
(GDP) of $1.9 trillion with more than 600 million populations. Over the past decade, the 10
countries have averaged a growth rate of more than five percent per year.
Thailand LAB INTERNATIONAL 2016: Significant Growth of ASEAN Laboratory
Market Place
The exhibition will be held on 10,000 square meters of EH 101-102, BITEC, Bangkok. The
cutting-edge laboratory technology will be presented by more than 1,300 brands by 350
exhibitors from 35 countries plus 6 country pavilions. The exhibition provides application
and solutions for all types of laboratories.
Thailand LAB INTERNATIONAL 2016 has established for 6 years as technology platform
for laboratory trends & innovation in South East Asia. The exhibition stages as the leading
market place for global manufacturers and suppliers to expand their products and services
to the region. Main exhibiting equipment and technologies includes Clinical & Diagnostics,
Analytical & Testing, Safety & Environment, Research & Development, Calibration &
Metrology and Industries & Trends.
The interesting highlights are the exhibition of latest lab technology and innovation
from China, France, Germany, India, Italy, Japan, Korea, Malaysia, Singapore, Spain,
Taiwan, UK, USA, Thailand, etc. 1st Chem ASEAN pavilion focuses on chemicals for
industries from basic & bio to water and environmental chemicals. In relations to
Biotechnology, the dedicated event of 4th LIFE Sciences & BIO Investment Asia invite
biotechnologist, scientists and industry leaders discussing bio pharmaceuticals &
medicals, drug delivery system, gene & cell therapy etc. Bio Service Hub & Bio Business
Partnering gathers industries to explore and venture bio business in the region.
Conferences & symposia bring international content in life sciences & biotechnology,
Genomics & Bioinformatics, Food & Materials Analysis, Toxicology and Industrial
Laboratory Management etc.
Online registration and more information is available now at www.thailandlab.com /
https://www.facebook.com/ThailandLab
Media Relation, Saengtip Techapatiphandee (Mrs.):
[email protected] +662 670-0900 (Ext.122)
Project Team, Anucha Parnpichate (Mr.): [email protected] +662 670 -0900
(Ext.202)