Investment Regulation and Incentives

The second Thai royal decree on medical devices has been announced in royal gazettes since 30th April 2019. The main objective of the decree focuses on aligning the standard and measure of Thai medical devices to be following the ASEAN agreement on Medical Devices.
Pharmacy can be established as sole proprietorship which is an individual legal entity and partnership or corporation which is a juristic person. Each business type has different accounting duty and tax responsibility as follows
In supporting the investment of cell and gene therapy, Japan has been developing fast, especially in January 2019. Japanese government allowed the use of gene and a genetic test for the cancer drug and treatment to be covered by national public health insurance.
Currently, Thai investment promotion policy on the medical devices industry is mainly under the guidance and execution of Board of Investment (BOI). There are two main measures of the BOI those are tax and non-tax measures.
Due to the trend of health focused and aging society, the market of medical foods and food supplements is growing at high pace. The medicals foods are specially formulated and intended for the dietary management of a disease or condition that has distinctive nutritional needs that cannot be met by normal diet alone.

Although the Thai government has introduced measures to promote investment in 12 new target industries (S-curve), including medical devices and medical robotics industry, Thailand can benefit even more from the trade war between China and the US, conditionally offering additional benefits to attract foreign investment. As a result, the Minister of Industry ordered the Office of Industrial Economics (OIE) to review and suggest additional benefit packages for foreign investment in the target industries, especially investment in the Eastern Special Development Zone (EEC).

In March 2019, the Singapore Parenteral Drug Association (PDA) meeting focused on the development of "Advanced Therapy Medicinal Products (ATMPs)." One of the presenters predicted that the growth of ATMPs there would exceed over 900 percent within 2019, and the growth rate would come from the development of cell therapy technology used in conjunction with medical tools.
According to the World Health Organization (WHO), Thailand is struggling with tuberculosis (TB) and is one of the 14 countries worst hit by this severely infectious disease.
The Thai Food and Drug Administration (FDA) issued a second notification of the Ministry of Public Health regarding test kits related to HIV infection B.E. 2562 and a notification of the Ministry of Public Health regarding HIV self-test kits B.E. 2562
Many consumers are familiar with the acronym GMP because it has been printed on labels of drugs, food supplements, and cosmetic products.
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