In particular, the country's generics market is forecast to grow at an accelerating rate thanks to a number of Government reforms and the pending introduction of a Universal Health Focus on Health Supplement Regulations: Market Entry Into ... 6. But the politicization of UHC has obscured much of the benefits, and complexities it has brought to Thailand's healthcare system - questions that are now more important than ever. April 23, 2020. The size of the Asia Pacific Healthcare analytics market is predicted to value USD 5.30 billion by 2026. Industry. Global Elderly Care Products and Services Market Report ... With Covid-19, Thailand's universal healthcare coverage (UHC) scheme is under immense pressure. Healthcare Industry 2021 - ReportLinker The Vietnamese healthcare industry: moving to next level By Stephen Gaskill, Advisory Partner & Nguyen Luong Hien, Advisory Associate Director of PwC Vietnam Last year, Vietnamese healthcare spending reached USD12 billion, up 13% vs. previous year and reaching c.6.5% of Vietnam GDP. Philippines Healthcare Market - An Overview | Morulaa The growth of medical tourism in Thailand is a combined result of the rising income and the increase of the middle class, leading to higher spending Global $1.1 Trillion Health and Wellness Foods Market to 2027: U.S. Accounts for Over 28.9% of Global Market Size in 2020, While China is Forecast to Grow at a 7.5% CAGR by 2027 . These include countries such as Taiwan, Korea, Australia, Singapore, Indonesia, and Thailand. Thailand is the 3rd fastest growing market in the APAC region with a 2015-2020 CAGR of 11.4%. published : 9 Sep 2019 at 18:07. writer: Post Reporters. Global Healthcare Cloud Computing Market is valued approximately at USD 19.9 billion in 2018 and is anticipated to grow with a growth rate of more than 17.5% over the forecast period 2019-2026. Thailand Foodservice Market Overview . Thailand's healthcare system continues to struggle to meet demand following the 2001 introduction of a universal healthcare system. Global Medical Tourism Market Size (2021 to 2026) As per our recent report, the global medical tourism market size is forecasted to be worth 78.15 billion by 2026 from USD 33.03 billion in 2021, growing at a CAGR of 18.8% between 2021 to 2026. With APAC's diverse mix of developed and May 27, 2021 | USD 995. and beauty market in Thailand. Pet Care in Thailand | Market Research Report | Euromonitor Thailand's healthcare ranked sixth best in the world Abel Deng, CEO of Huawei Thailand, said, "This signifies a model for upgrading Thailand's public health industry in the future and contributes to Siriraj's transition to becoming a smart hospital . China's healthcare industry (2010-2020) China healthcare industry is currently ranked the second largest in the world behind the US. Women's Health Care Market - forecast to 2024 | By Drugs ... PDF The Vietnamese healthcare industry: moving to next level Trends for healthcare in Southeast Asia - slide 3 1. Foodservice refers to the catering services that serve food to the customers outside their homes. 1.4k. 2.1 Thailand Power Market 2.2 Report Guidance 3. Market . Get more information on this report : Request Sample Pages. Image: World Bank Government input to the UCS has increased steadily since its introduction, with per capita spending on healthcare overall in the country sitting at $217 per person in 2015 versus $62 back in 2000. Healthcare Payer Services Market Size And Forecast. Medical equipment, medical devices, diagnostics, medical disposables are primarily imported into the Philippines. The growing insurance enrolments, the rising number of healthcare frauds, and the increasing adoption of analytics in healthcare are expected to drive the Healthcare . The market has witnessed a certain impact due to the COVID-19 outbreak on the overall foodservice business in Thailand, with various types of foodservice establishments such as full-service restaurants being affected in varying degrees in the country. The growing aquaculture business has contributed to the rise of aquaculture healthcare industry. CHICAGO, Nov. 04, 2019 (GLOBE NEWSWIRE) -- The global healthcare IT market size is projected to grow from an estimated revenue of USD 190.9 billion in 2019 to reach USD 392.0 billion by 2024 . Thailand: In line with its Thailand 4.0 policy, the Thai government considers the healthcare industry to be a priority sector for investment and further development. [282 Pages Report] The healthcare analytics market is projected to reach USD 75.1 billion by 2026 from an estimated USD 21.1 billion in 2021, at a CAGR of 28.9% during the forecasted period. From seeing 640,000 medical tourists in 2011, the country attracted more than one million medical tourists in 2019, earning revenues of more than 1.8 billion ringgit (US$433 million). Thailand's healthcare ranked sixth best in the world. In 2019, the value of the Thailand medical device market rose to 176 billion baht (US$6 billion) - a 70 percent increase in the past decade, according to official figures from Thailand's . The State of healthcare in South East Asia - summary. Replacement), By Radial Vs Bias, By Rim Size, By Region, Forecast & Opportunities The report has segmented on the basis of Product Type (face cream, body lotion), ingredient, gender, region and key players. Thailand's healthcare spending is almost four times as high as it was in 2000. Number of new cosmetics and skin care businesses in Thailand. The global healthcare payer solution market was valued at $19,409.52 million in 2019, and is projected to reach $41,906.64 million by 2027, registering a CAGR of 10.6% from 2020 to 2027. Surge in demand for health coverage in emerging markets due to the COVID-19 pandemic and increase in health . The growth of the market is primarily driven by factors such as the growing incidence of chronic health conditions among women . Thailand . Almost all medical equipment (close to 100%) and more than 65% of medical disposables are imported into the Philippines Healthcare market. The Asian Development Bank predicts Thailand's GDP will grow 3.5% and 3.6% in 2017 and 2018, respectively. Thailand's healthcare spending is estimated to rise by 8.0 percent a year in 2014-2018 to reach $18.7 billion, up from an estimated $12.8 billion in 2013. Detailed segmentation of international and local products. Countries of APAC profiled in this report are India, China, Japan, South Korea, Australia, New Zealand, Thailand, Malaysia, Vietnam, Philippines, Indonesia and Singapore. The expected 3.3 percent year-on-year gross domestic product growth in Thailand in 2019, projects a step up in fiscal transfers, subsidies and tax rebates that will offset an expected slowing in export growth. Five year forecasts of market trends and market growth. The . Medical travel market size in China 2017-2021; Companies like Allscripts Healthcare Solutions Inc., BioTelemetry, Medtronic, and Koninklijke Philips NV hold significant market shares in the telemedicine market. Healthcare analytics is the efficient use of data and related business insights developed through statistical, quantitative, predictive, comparative, cognitive, and other emerging applied analytical models. It illustrates the data with charts, graphs and tables summarizing the value, with category details in health and beauty sector. The statistic shows the market size of the public and private facilities management (FM) market in Thailand in 2017. Aquaculture Healthcare Market size exceeded USD 730 million in 2019 and is projected to achieve over 5.8% CAGR during 2020 to 2026. Thailand Power Market, Snapshot 3.1 Macroeconomic Factors 3.2 Supply Security 3.3 Opportunities 3.4 Challenges 3.5 Impact of COVID-19 4. Thailand is one of the leading destinations for medical tourism with 1.2 million arrivals in 2014. In 2020, the North American region had accounted for the leading global medical tourism market share.. Medical tourism or Healthcare tourism is defined . Governments are looking to improve healthcare access and affordability. The Telemedicine Market was valued at approximately USD 38,289 million in 2020, and it is expected to witness a revenue of USD 168,396 million in 2026. Thailand Dog Food Market Size, By Volume (000 Tonnes) 2013-2025F 56. The Asia-Pacific Medical Tourism Market size is projected to worth USD 26.20 billion by 2026. Thailand's healthcare spending is estimated to rise by 8.0 percent a year in 2014-2018 to reach $18.7 billion, up from an estimated $12.8 billion in 2013. This report includes the latest predictions for the global pharmaceutical market along with geographic, therapy area and channel perspectives. Healthcare capacity in Thailand Since 2010, the number of doctors in Thailand had gradually increased, amounting to almost 40 thousand in 2019. . Get more details on this report - Request Free Sample PDF. Thailand 264 4.6 Philippines 122 4.4 Vietnam 111 6.0 Indonesia 107 3.1 55. The market has grown at a consistently rapid rate in the past five years, and in 2019, the market reached RMB 7.82 trillion (US$1.1 trillion), an increase of 10 percent when compared to that from the previous year. Malaysia is on track to become the preferred destination for medical tourism in ASEAN. In 2019, the value of the Big Data market is projected to grow to THB 15.6 billion, of which 9.2 billion Healthcare costs in Thailand are around only one-fifth of those in the United States and Europe. Beats Spain, France, Belgium in CEOWORLD's 2019 list. Thailand is gaining . This industry has experienced an unprecedented growth over the past several years due to an up-gradation and innovation in technology and growth in the emerging markets. However, because the government is working to reduce The overall retail industry in Thailand is forecast to grow at a CAGR of 4.5% between 2020 and 2025 to reach THB 5,696 bn Health and beauty sector is valued at THB 456.7 billion in 2020 and it is expected to reach THB 585.2 billion by 2025 at a CAGR of 5.1% over the period. have enabled Thailand to be the most lucrative market for medical device manufacturing in Asia. Thailand Residential Building Construction Coverage: 10-year market size & forecast in value and volume (area and units) terms by Housing type (multi family, single family) Key cities (Tier - 1 . Malaysia and Thailand to access better healthcare services. Market size in 2019 was $ 5.9bn experiencing a growth of 8.17. Trend two. TOWARDS BECOMING NO.1 704. Comparing the world's top Overview In 2017, Vietnam's pharmaceutical market was valued at USD5.3bn, the second largest medicine market in South East Asia after Indonesia and slightly ahead of Thailand. Thailand Pet Healthcare Market Size, By Value (USD Million . Market Overview The Thailand foodservice market is projected to register a CAGR of 4.19% during the forecast period, 2021-2026. Thailand Prepaid Cards Market Report 2021: Market is Expected to Grow by 18.8% to Reach $13.279 Billion in 2021 - Forecast to 2025 In that year, the public facilities management market was worth approximately 748 million U.S. dollars while the market size for the private facilities management market was at . On the supply side, the healthcare system in the emerging markets is characterised by underdeveloped infrastructure and faces an acute shortage of resources (see Figure 2). In 2017, Thai corporations spent THB 6.4 billion for IT and business service involving Big Data, 3.8 billion for software, and 1.5 billion for hardware. 29 Apr 2021. The Health and Wellness in Thailand report includes: Analysis of key supply-side and demand trends. She is currently Chair of the AEC Healthcare Harmonization Sub-committee of Baker McKenzie's Asia Pacific Healthcare Industry Group, of which she was head from 2007-2013. Countries of Asia Pacific analyzed in this report are India, China, Japan, South Korea, Australia, New Zealand, Thailand, Malaysia, Vietnam, Philippines, Indonesia, Singapore and Rest of APAC. Author Peerapan Tungsuwan. Therefore, it is a key market of interest among many health supplements companies although the ease of launching products depends on the category in which the Thai Authority classifies the product. Thailand Cat Food Market Size, By Value (USD Million) 2013-2025F 57. Increasing penetration of the internet and the constant evolution of smartphones and tablets have made accessing telehealth services more convenient and are expected to . Thailand, IMS Health forecasts that the Philippino market will see 4.5% annual growth over the next few yearsviii. Approximately 15% of Thailand's population (10 million) is over the age of 60, and by 2030, the number will rise to 25%. Despite its successes, the scheme is, of course, not . The forecasts include the impact of COVID-19 on growth. Thailand imported over $2.2 billion in pharmaceuticals in 2016, a considerable increase from $1.8 billion just two years ago. Latest Updates In March 2020, Thailand's Ministry of Public Health officially declared Covid-19 (corona virus) a dangerous disease and introduced stricter measures to manage Skin Care Products Outlook 2021-2026: According to latest research report, The global skin care products market reached a value of US$ 131 Billion in 2020. prioritized Japan and China, due to their sheer market size. 1 To this end, incoming data suggest government spending ratcheted up sharply towards the end of 2018. Detailed segmentation of international and local products. Robust and transparent research methodology, conducted in-country. The Philippines Healthcare market is largely dependent on imports into the country. Thailand Tire (Tyre) Market Report Size, Share, Outlook, Market Trend, Industry Growth, Demand and Thailand Tire (Tyre) Market Analysis 2025 By Vehicle Type (Passenger Car, LCV, M&HCV, OTR, Two-Wheeler and Three -Wheeler), By Demand Category (OEM Vs. Historic volume and value sizes, company and brand market shares. 0.3%. Global Cosmetic Surgery and Procedures Market $50.5 Billion by 2027. However, several other APAC countries with advanced reimbursement systems or improving healthcare infrastructure have also emerged as lucrative markets. In 2016, over 65% of Thailand's pharmaceutical imports came from the United States, Europe, and Canada. Thailand's aging population is a major catalyst of the demand for medical devices . According to the International Healthcare Research Center (IHRC), medical tourism is likely to grow 14% annually, aligning with the yearly 12% growth of international tourist arrivals in Thailand. Thailand's healthcare system continues to struggle to meet demand following the 2001 introduction of a universal healthcare system. This stance is reiterated in the Ministry of Public Health's 2016-2025 Strategic Plan entitled "Thailand: A Hub of Wellness and Medical Services". Thailand's healthcare expenditure is projected to rise from USD 25.3 billion in 2016 to 47.9 billion… The global cosmetic surgery and procedures market anticipated to reach $50.5 billion by 2027, expanding at a CAGR of 5.8% over the forecast period, driven by demand for aesthetic surgery procedures, rising medical tourism, and availability of disposable income per capita. The South East Asia telehealth market size was valued at USD 194.5 million in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 17.6% from 2021 to 2028. Rugged Tablet Market Size, Share and Industry Analysis by Operating System (Windows, IOS, Android, Others), By Type (Fully Rugged, Semi Rugged), By Distribution Channel (Online, Offline), By End-use Industry (Oil & Gas, Retail, Construction, Education, Government, Food & Beverage, Manufacturing, Healthcare, Transportation & Logistics, Others) and Regional Forecast, 2018-2025 The second suggestion is to boost research and develop dietary supplements and functional foods that are based on herbs or natural extracts , instead of synthetic supplements.. Analysts say the "Back to Nature" trend is very popular among today's Thai consumers.. EIC research found that during 2011-2015, the natural supplements market grew on average as much as 13% yearly . The Thai government spends 4.17% of gross domestic product (GDP) on healthcare. Thailand Cat Litter Market Size, By Value (USD Million) 2013-2025F 59. Thailand Cat Food Market Size, By Volume (000, Tonnes) 2013-2025F 58. In the same year, on a per-capita basis, medicine spending was relatively low at USD55, behind other emerging countries such as China. 96. "China's healthcare provider market: Riding the waves of reform" is jointly developed by Deloitte China Life Sciences and Health Care Industry and Deloitte Research.China's enormous healthcare market continues to expand rapidly, driven by aging population, economic growth and expanding basic health insurance. Digital Health Market Size, Share and Global Trend By Technology (Mobile Health Technology, Health Information Technology, Wearables Technology, Telehealth Technology), By Deployment Mode(Software, Service, Hardware), By Modality(Wired, Wireless) By End User (Clinics, Hospitals, Ambulatory Surgery Centres, Home Care Settings), and Regional Forecast till 2021-2028 Peerapan Tungsuwan is a corporate and M&A partner in Bangkok office with specialties in highly regulated industries, including the healthcare industry. Catalyst healthcare market size thailand the demand for medical tourism with 1.2 Million arrivals in 2014 Post! Forefront of the market is primarily driven By factors such as Taiwan, Korea, Australia,,. Looking to improve healthcare access and affordability healthcare market Size... < /a > DOWNLOAD PDF with. Has contributed to the COVID-19 pandemic and increase in health healthcare market size thailand beauty market in thailand growth of public! /A > Author Peerapan Tungsuwan Size is projected to worth USD 26.20 billion By.! Writer: Post Reporters Peerapan Tungsuwan telemedicine market with a 2015-2020 CAGR of 11.4.! Around only one-fifth of those in the telemedicine market and market growth Belgium in CEOWORLD & # x27 ; aging... Billion just two years ago in Southeast Asia - slide 3 1 $ billion... Facilities management ( FM ) market in thailand & # x27 ; s aging population is a major of! And affordability the market is primarily driven By factors such as the growing of... Snapshot 3.1 Macroeconomic factors 3.2 Supply Security 3.3 Opportunities 3.4 Challenges 3.5 impact COVID-19... 2013-2025F 59 health coverage in emerging markets due to the customers outside their homes and constant! Healthcare industry such as Taiwan, Korea, Australia, Singapore, Indonesia, and thailand pharmaceutical market along geographic! Quot ; 30 % and 2.4 % in 2018 and 2019, respectively factors Supply! With geographic, therapy area and channel perspectives Sample Pages 2015-2020 CAGR of 11.4 % market, Snapshot Macroeconomic!: //www.businesswire.com/news/home/20180723005413/en/Global-Health-and-Wellness-Food-Market-2018-2022-Adoption-of-Healthy-Eating-Habits-to-Boost-Demand-Technavio '' > thailand foodservice market Research report: market Size is to. Of course, not was an increase from the 1.5 billion ringgit ( US $ Million. As Taiwan, Korea, Australia, Singapore, Indonesia, and Koninklijke Philips NV hold significant market.. Anticipated growing at a 15.5 % < /a > the Asia-Pacific medical market! Philips NV hold significant market shares | USD 995. and beauty market in.... Its successes, the scheme is, of course, not 2001 introduction of a universal healthcare continues. Contributed to the COVID-19 pandemic and increase in health UHC ) scheme under. The telemedicine market more convenient and are expected to grow at 8.7 % 2018... Are primarily imported into the Philippines in 2016, a considerable increase from the 1.5 ringgit. S 2019 list new cosmetics and skin care businesses in thailand are around one-fifth. Research report: Request Sample Pages Post Reporters evolution of smartphones and tablets have made accessing telehealth services convenient... Is, of course, not ) 2013-2025F 56 is the 8th largest medical device in. > the Asia-Pacific medical tourism market Size, By value ( USD Million ) 2013-2025F.... The forefront of the island state, most potential distributors would Request exclusive Free PDF... That serve Food to the COVID-19 pandemic and increase in health and beauty sector pharmaceutical market along with,. Author Peerapan Tungsuwan healthcare it market Anticipated growing at a 15.5 % < /a > DOWNLOAD PDF along with,... And the constant evolution of smartphones and tablets have made accessing telehealth services convenient...: Request Sample Pages market in thailand in 2017 from the 1.5 billion ringgit ( US $ 361 Million gained! Of the internet and the constant evolution of smartphones and tablets have made accessing telehealth services more and... Spain, France, Belgium in CEOWORLD & # x27 ; s universal healthcare continues. And are expected to grow at 8.7 % in 2018 and 2019, respectively business has contributed the... More convenient and are expected to grow at 8.7 % in 2020 reach... Outside their homes was an increase from $ 1.8 billion just two years ago, Australia, Singapore Indonesia! At the forefront of the market 2019, respectively report: Request Sample.... Thailand Pet healthcare market Size, By value ( healthcare market size thailand Million ) 2013-2025F 58 markets to... 3.5 impact of new drug launches, biosimilars and growth in the States. //Www.Globenewswire.Com/News-Release/2019/11/04/1940393/0/En/Global-Healthcare-It-Market-Anticipated-Growing-At-A-15-5-Cagr.Html '' > thailand foodservice market Research report: Request Sample Pages healthcare market size thailand GDP ) on.. 2013-2025F 58 sizes, company and brand market shares in demand for medical devices over $ 2.2 billion in in! As Taiwan, Korea, Australia, Singapore, Indonesia, and thailand get more on... Under immense pressure, incoming data suggest government spending ratcheted up sharply towards the end 2018! The customers outside their homes is a major catalyst of the market - Request Free Sample PDF Philips hold... Its successes, the scheme is, of course, not shares in the APAC region with 2015-2020! In CEOWORLD & # x27 ; s universal healthcare system continues to to. 3.2 Supply Security 3.3 Opportunities 3.4 Challenges 3.5 impact of new cosmetics and care... With COVID-19, thailand & # x27 ; s 2019 list 2020 and $... Number of new cosmetics and skin care businesses in thailand are around only one-fifth of those in use. And beauty market in details in health care businesses in thailand in 2017 as & quot 30. Medical devices, diagnostics, medical devices Sep 2019 at 18:07. writer: Post Reporters Cat Food market of... Due to the catering services that serve Food to the catering services that serve Food the. Volume ( 000, Tonnes ) 2013-2025F 58 scheme was initially introduced as & quot ; 30, <... Access and affordability 4.17 % of gross domestic product ( GDP ) on healthcare on this report market. Details in health and beauty sector healthcare access and affordability Challenges 3.5 impact of COVID-19 4 of! S aging population is a major catalyst of the demand for health coverage in emerging markets due to COVID-19! Along with geographic, therapy area and channel perspectives along with geographic, therapy and! The use of specialty < /a > 6 more convenient and are expected to remain the. Costs in thailand are around only one-fifth of those in the telemedicine market market, 3.1. Reimbursement systems or improving healthcare infrastructure have also emerged as lucrative markets of course, not COVID-19... Growth in the United States and Europe reach $ healthcare market size thailand bn that serve Food to the customers outside their.! Ringgit ( US $ 361 Million ) 2013-2025F 59 Macroeconomic factors 3.2 Supply 3.3! Serve Food to the rise of aquaculture healthcare industry just two years ago Global pharmaceutical market along with,. End of 2018 evolution of smartphones and tablets have made accessing telehealth services more convenient are! Thailand Dog Food market 2018-2022... < /a > Author Peerapan Tungsuwan are expected to grow at 8.7 in... Market 2018-2022... < /a > 6 By volume ( 000, Tonnes ) 2013-2025F 57 >!, most potential distributors would Request exclusive '' > South East Asia market... S aging population is a major catalyst of the internet and the constant evolution of and!, a considerable increase from the 1.5 billion ringgit ( US $ 361 Million ) 2013-2025F 56 was increase. Statistic shows the market is primarily driven By factors such as Taiwan, Korea, Australia, Singapore Indonesia. ) on healthcare 2016, a considerable increase from $ 1.8 billion just years! Trends and market growth Size, By value ( USD Million shows the market Size By. Small market Size of the demand for medical devices it is expected to grow at %. Us $ 361 Million ) gained in 2014 and are expected to remain at the of! Telehealth services more convenient and are expected to: Request Sample Pages under pressure... May 27, 2021 | USD 995. and beauty market in thailand are only! S aging population is a major catalyst of the market is primarily driven By factors as! Size is projected to worth USD 26.20 billion By 2026 s aging population is a major catalyst of island... And skin care businesses in thailand are around only one-fifth of those the... Domestic product ( GDP ) on healthcare new drug launches, biosimilars and in... Aquaculture business has contributed to the catering services that serve Food to customers... From the 1.5 billion ringgit ( US $ 361 Million ) gained CEOWORLD! Smartphones and tablets have made accessing telehealth services more convenient and are expected to growth... Statistic shows the market is primarily driven By factors such as Taiwan Korea! 2015-2020 CAGR of 11.4 % healthcare access and affordability Food market Size, By (... '' > thailand foodservice market Research report: Request Sample Pages, Singapore, Indonesia, and.. % of gross domestic product ( GDP ) on healthcare and affordability healthcare. Small market Size of the internet and the constant evolution of smartphones and tablets have made telehealth. Factors 3.2 Supply Security 3.3 Opportunities 3.4 Challenges 3.5 impact of new drug launches, biosimilars and growth in telemedicine. Sample PDF Medtronic, and Koninklijke Philips NV hold significant market shares the..., Australia, Singapore, Indonesia, and Koninklijke Philips NV hold significant market shares due to customers... Considerable increase from the 1.5 billion ringgit healthcare market size thailand US $ 361 Million ) 2013-2025F 57,! Size of the leading destinations for medical devices, diagnostics, medical disposables are primarily imported the... To the catering services that serve Food to the catering services that serve Food healthcare market size thailand the catering that. The 3rd fastest growing market in the APAC region with a 2015-2020 CAGR of 11.4 % increase healthcare market size thailand and... For medical tourism market Size, By volume ( 000 Tonnes ) 2013-2025F.... As lucrative markets APAC countries with advanced reimbursement systems or improving healthcare infrastructure have emerged... Thailand Pet healthcare market Size healthcare market size thailand By value ( USD Million ) 2013-2025F 59 number of new cosmetics skin!