Lab Innovation Hub: Thailand’s Leading Role in Health and Science Advancements

Thailand's Commitment to Health and Science

The opening ceremony was graced by distinguished guests including Mr. Permsuk Sutchaphiwat, Permanent Secretary, Minister of Higher Education, Science, Research and Innovation (MHESI); Mr. Puripan Bunnag, Senior Vice President, Thailand Convention and Exhibition Bureau (Public Organization); Dr. Jittiporn Thammajinda, CEO, Thailand Center of Excellence for Life Sciences (Public Organization); Mr. Pongsak Fusiri, President, Science and Technology Trade Association (STTA); Professor Dr. Somsri Paosawat, the chair of the Medical Council, H.E. Mr. Remco van Wijngaarden, Ambassador of the Kingdom of the Netherlands and Ms. Panadda Kongma, Vice President: Business, VNU Asia Pacific. These esteemed individuals officially inaugurated the event and toured the exhibits, showcasing the latest advancements in laboratory sciences and health innovation.

“The Ministry of Higher Education, Science, Research and Innovation has been supporting these events since their inception in 2011. The shows help to promote science, technology, research, development, and innovation in Thailand to enhance the country's competitive advantage for economic wealth, social well-being, and environmental wellness,” Mr. Permsuk Sutchaphiwat, Permanent Secretary, Minister of Higher Education, Science, Research and Innovation (MHESI) said.

Economic Impact of the Lab Innovation Hub

TCELS has joined hands with VNU Asia Pacific and its network of organisations in the public and private sectors, both domestic and international, to organise Bio Asia Pacific 2024. This will make it possible to address the challenges of healthcare systems in the future. Moreover, this industry will play an important role in Thailand's economy.

The laboratory equipment market is projected to reach $53.7 billion by 2027, with Thailand positioned to attract significant investment. This event stimulates economic activity, generating an estimated 450 million THB in visitor spending alone. It further drives foreign investment, job creation, and innovation, aligning with Thailand’s 4.0 policy, which aims to foster a knowledge-based economy.

• Health technology is focusing on innovations in food technology and health solutions.
• The health technology sector is expected to reach $600 billion globally by 2025.
• This trade show is essential in promoting this economic growth.

Voices of the Industry

“This year, we are delighted to host over 300 companies, representing 500 leading brands, with more than 20% of exhibitors coming from international firms. We are proud to welcome International Pavilions from the Netherlands, India, China, Taiwan, and South Korea, occupying more than 14,000 square meters of exhibition space.” Ms. Panadda Kongma, Vice President-Business, VNU Asia Pacific stated that “Together, we can strengthen our domestic industries' capabilities and enable them to compete sustainably on the global stage.”