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 during 21-23 September 2016. 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.

 

Media Relation,
Saengtip Techapatiphandee (Mrs.),
saengtip.won@vnuexhibitionsap.com
T : +662 670-0900 (Ext.122)

Project Team,
Anucha Parnpichate (Mr.),
anucha@vnuexhibitionsap.com
T :+662 670 -0900 (Ext.202)