Economics Drives Thailand Led Laboratory Market in ASEAN

Thailand, the 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.

The 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, the private sector embraces more investment to enhance their innovation, standards and production. The value of R&D expenditure can also be increased by the expenditure on quality control and quality assurance, requiring high number of instruments and tools as well as consumable equipment. Importantly, the government’s mega projects, such as, the Thailand Science Park Development plan, Economic Zones of Innovation (EZI), Food Innopolis and ongoing support for R&D ecosystems encourage greater 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 5% per year.

The Thailand Lab International 2016 exhibition will be held over 10,000m2 within EH 101-102, BITEC, Bangkok. The cutting-edge laboratory technology will be presented with over 1,300 brands from 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 been established for 6 years as technology platform for laboratory trends and innovation in South East Asia. The exhibition gives global manufacturers and suppliers the opportunity to expand their products and services to the region. The main exhibiting equipment and technologies covers Clinical & Diagnostics, Analytical & Testing, Safety & Environment, Research & Development, Calibration & Metrology and Industries & Trends.

Interesting highlights include an exhibition of the latest lab technology and innovation from China, France, Germany, India, Italy, Japan, Korea, Malaysia, Singapore, Spain, Taiwan, UK, USA and Thailand. The 1st Chem ASEAN pavilion focuses on chemicals for industries from basic and bio to water and environmental chemicals. With regard to biotechnology, the 4th Life Sciences & Bio Investment Asia invites biotechnologists, scientists and industry leaders to discuss bio pharmaceuticals & medicals, drug delivery systems and gene & cell therap. 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