Thailand Telemedicine Market Analysis

$3,000.00$7,500.00

  • Type: Service area
  • Published : February 2022
  • Region: Thailand
  • Country: Other
  • Report ID : 5082

  • Format: PPT, PDF

Thailand Telemedicine Market Analysis: Segmented by Type, Component, Services – Growth, Market Size, Future Prospects & Competitive Analysis, 2020 – 2028

Clear
SKU: 5082 Categories: ,

Report Description of the Thailand Telemedicine Market Analysis

Research Scope and Assumption

  • The report provides the market value for the base year 2020 and a yearly forecast up to 2028 in terms of revenue (USD billion)
  • The key industry dynamics, regulatory scenario, reimbursement scenario, major market trends, and drug markets are evaluated to understand their impacts on the demand for the forecast period. The growth rates were estimated using correlation, regression, and time-series analysis
  • We have used the combination of top-down and bottom-up approach for market sizing, analyzing key regional markets, dynamics, and trends for various solutions, services, and end uses
  • All market estimates and forecasts have been validated through primary interviews with the Key Industry Players (KIPs) and secondary analysis
  • Inflation has not been accounted for in order to estimate and forecast the market
  • Numbers may not add up due to rounding off

Reason to buy the report:

  • Facilitate decision-making based on strong current and forecast data for Thailand Telemedicine Market Analysis
  • Develop strategies based on the latest regulatory framework
  • Strategically analyze micro-markets with respect to individual growth trends, future prospects, and their contribution to the market
  • Analyze competitive developments such as expansions, investments, mergers & acquisitions, new product developments, and research & developments in the Thailand Telemedicine  Market  Analysis
  • Analyze the opportunities in the market for stakeholders and draw a competitive landscape for market leaders
  • To strategically profile key players and comprehensively analyze their market shares and core competencies
  • We have technically sound team which do a deep dive research and also provide strategy based consulting analysis

Thailand Telemedicine Market Analysis Executive Summary

Telemedicine is the delivery of health care services, where distance is a critical factor, by all health care professionals using information and communications technologies for the exchange of valid information for diagnosis, treatment and prevention of disease and injuries, research and evaluation, and for the continuing education of health care providers, all in the interests of advancing the health of individuals and their communities.

Market Size and Key Findings

The Thailand Telemedicine Market Analysis size stood at around USD xx billion in 2020 and is projected to reach USD xx billion by 2028, exhibiting a CAGR of xx% during the forecast period.

Market Dynamics

Market Growth Drivers Analysis

The booming digitalization of the country, along with rising demand for remote healthcare services and self-assessment platforms for people with minor ailments. The ease of doctor appointments and time efficiency are the major factors driving the growth of the telehealth market in Thailand. The stringent lockdown imposed across the country forced the people to stay at home and step out only at the time of emergency need, which further, urged them to opt for self-monitoring devices for their routine check-ups and video consultations from telehealth services for consulting doctors, leading to strong growth in market revenues during the year 2020.

Market Restraints

Lack of access to broadband internet highlighted the reality of the digital divide. Concerns have also been raised at how telemedicine is being hampered by the current regulatory framework that dictates operations and to a large extent how medical insurance will reimburse those who opt for telemedicine consultations.

Covid-19 Market Impact Analysis

The Thai government has built a telemedicine platform to monitor COVID-19 patients with mild symptoms at home and at community isolation centres. Government agencies involved in its creation include the Digital Government Development Agency, the National Science and Technology Development Agency, the National Health Security Office, the Bangkok Health Bureau, and the state-owned National Telecommunications Company.

Competitive Landscape

Key Players

Some of the major industry players involved in Asia Pacific telemedicine market include Koninklijke Philip N.V., In Touch Technologies Inc., Resideo Technologies Inc. and AMD Global Telemedicine Inc. among others. Companies undertake various strategies such as new product launch geographic expansions to strengthen their market share.

Products in Pipeline

  • Samitivej Hospital Group, a private hospital brand in Thailand with a network of eight hospitals and owned by Bangkok Dusit Medical Services (BDMS), launched a one-stop Virtual Hospital app, which provides services such as teleconsultation and medicine delivery. The services of the Samitivej Virtual Hospital do not require appointments to be made in advance.

Notable Recent Deals

  • In Thailand, the Khon Kaen Smart Health project, which was a winner under the Public Health and Social Services category for the 2018 IDC Smart City Asia Pacific Awards (SCAPA), saw a collaboration between local hospitals, businesses and academia with support from government agencies to provide better health services, especially for elderly residents with chronic conditions.

Healthcare Policies and Regulatory Landscape

Policy changes and Reimbursement scenario

Thailand began development of its telemedicine programme at 32 hospitals located in rural areas in eight provinces, according to an article by the Bangkok post. The eight provinces are Chiang Rai, Kamphaeng Phet, Kanchanaburi, Kalasin, Phetchabun, Surin, Songkhla and Surat Thani.

The telemedicine programme is a joint effort of the Public Health Ministry and the National Broadcasting and Telecommunications Commission (NBTC). The integration and promotion of the use of appropriate digital technologies for telemedicine is also part of the Thailand 4.0 plan to increase access to healthcare with digital technologies, as stated in the e-Health Strategy by the Ministry of Public Health (2017-2026).

A budget of 180 million baht has been allocated to purchase and install digital equipment for telemedicine in the initial phase, according to NBTC secretary-general Takorn Tantasith. The budget is part of the NBTC’s five-year funding for the operation of hospitals. Mr Takorn added that telemedicine services will be offered by the initial 32 hospitals by the fourth quarter of 2019.

1. Report Description of the Thailand Telemedicine Market Analysis
1.1 Research Scope and Assumption
1.2 Objective of the study
1.3 Research Methodology
1.4 Reason to buy the report
2. Thailand Telemedicine Market Analysis Executive Summary
2.1 Thailand Telemedicine Market Analysis – Industry Snapshot & key buying criteria, 2020-2028
2.2 Market Size, Growth Prospects and Key findings
3. Market Dynamics of Thailand Telemedicine Market Analysis
3.1 Market Growth Drivers Analysis
3.1.1 Rising demand for remote healthcare services
3.1.2 Ease of doctor appointments
3.2 Market Restraints Analysis
3.2.1 Lack of access to broadband
3.2.2 Current regulatory framework
3.3 Covid-19 Market Impact Analysis
4. Thailand Telemedicine Market Segmentation
4.1 By Type:
4.1.1 Telehospital
4.1.2 Telehomes
4.1.3 Mhealth (Mobile Health)
4.2 By Component:
4.2.1 Product
4.2.2 Services
5. Thailand Telemedicine Market Share
5.1 Market Analysis, Insights and Forecast – By Revenue
6. Competitive Landscape
6.1 Major Top Market Players
6.2 Products in Pipeline
6.3 R&D Initiatives Telemedicine Market
6.4 Notable recent deals in Telemedicine Market
6.4.1 Joint Ventures
6.4.2 Partnerships
6.4.3 Mergers & Acquisitions
6.4.4 Strategic divestments
7. Key Company Profiles
7.1 Koninklijke Philips N.V. Company overview
Product & Services, Strategies & Financials
7.2 In Touch Technologies Inc. Company overview
Product & Services, Strategies & Financials
7.3 Cerner Corporation Company overview
Product & Services, Strategies & Financials
7.4 AMD Global Telemedicine Inc. Company overview
Product & Services, Strategies & Financials
7.5 Aerotel Medical System Company overview
Product & Services, Strategies & Financials
7.6 McKesson Corporation Company overview
Product & Services, Strategies & Financials
7.7 Cisco Company overview
Product & Services, Strategies & Financials
8. Healthcare Policies and Regulatory Landscape
8.1 Policy changes and Reimbursement scenario
8.2 Government Initiatives / Intervention programs
9. Factors Driving Future Growth
9.1 New Trends and Development of Telemedicine market
9.2 Future Opportunities
10. Strategic Recommendations

Thailand Telemedicine Market Analysis Segmentation

By Type:

Based on type, the telemedicine market is segmented into telehospital and telehome. Telehome care segment held a lucrative market share and is expected to show significant growth during the analysis timeframe.

By Component:

Based on Component, the telemedicine market is segmented into Product and Service. In Product component it is segmented into Hardware – Medical Peripheral Devices, Monitors (HD, Full HD, 4K/8K). Software (Integrated and Standalone) and Other Product. In Service component it is segmented into, Teledermatology, Teleradiology, Telecardiology, Telepsychiatry, And Other Services.

Research Methodology

Insights10 will provide you reports within 10 key parameters which are:

  1. Market overview
  2. Market growth drivers & restraints
  3. Epidemiology or disease type
  4. Market segmentation
  5. Market share
  6. Competitive landscape
  7. Key company profiles
  8. Healthcare policies & regulatory framework
  9. Reimbursement scenario
  10. Factors driving future growth

Based on our many years of experience, we believe that these are the parameters that are critical to decision making for business stakeholders. Our focused approach to develop reports focused on 10 key parameters, enabled us to arrive at the name “Insights10”.

Our analysis methodology involves three critical stages:

Stage I: Market Data Collection

Primary Interviews: We have developed a network of experts, freelancers and researchers across countries through which we engage with local experts to gather key data points and assumptions around each market. We also engage regularly with some of the best market research agencies such as Atheneum, GuidePoint, GLG, etc. to conduct surveys and interviews, and build intelligence. We have language translators as a part of our team, who between them can cover 30+ languages allowing us to extract better local insights.

Secondary Data Collection: We have developed strong expertise and experience in secondary data collection methods for developing unique data sets and research material. We gather data from multiple reliable sources to maintain the high level of accuracy and consistency. The market data is analysed and forecasted using appropriate statistical and coherent models. The report offers an overall analysis of the market size, growth, market share as well as segment-level analysis of the specific market. Our report includes precise, to the point information related to the overall market, competition, growth drivers, challenges, regulatory updates, and competition.

Data Sources: We have access to multiple highly reliable free and subscription data sources. We have many years of experience to understand which sources are more dependable for what and which to prefer for the reliable and latest information. The key sources of information include the following, but are not limited to:

  • Statistical Databases
  • Company Websites/Annual Reports
  • Trade Publications
  • Online Databases
  • Published Research Reports
  • Whitepapers
  • Press Releases of Key Market Players

Stage II: Market Data Analysis and Statistical Model

Market Trends: We generally look at macro parameter and micro indicators. The macro parameters includes changes in government policies, demand and supply of the market, government intervention programs and major market share. The micro indicators GDP growth, market size, market volume etc. We also understand nuances specific to each country like US, Canada, India, Germany, etc. and have worked across 60+ countries and hence no only understand global trends, but how these differ by country, how payment models, market structure, cultural parameters, etc. differ in each country.

Market Sizing and Analysis: Our expert data analytics team has created various market forecast models by employing the top-down approach i.e. start with large overall market and segment different areas and bottom-up approach i.e. start with population and epidemiology and roll up based on spend, etc., estimating the size of the market, and distributing among the geographic and/or product segments.

The top-down approach mainly used for new product forecasting and bottom-up approach is used for demand estimation of any product for different countries summed up to form total market. We are able to round off insights and build stronger forecasts because we always do both these methods and triangulate the final numbers.

The study on the market covers the analysis of the leading geographies such as North America, Europe, Asia-Pacific, and Africa for the period of 2020 to 2028. The qualitative analysis covers the industry landscape and trends, market opportunities, competitive landscape and policy and regulatory scenario and the quantitative analysis covers different market estimates and forecasts.

Data Triangulation & Validation:

Data triangulation of various sources and results of the research are carried out by benchmarking with reliable sources such as industry statistics, statistical databases and the company level averages etc.

We make sure to finalize the numbers in alignment to the market research. Firstly, our internal experts ensure thorough validation and checking to ensure the accurate and precise analysis and then validation is also done using multiple data analysis model.  Two level validation is done and entails finalization of report scope and to way of representation pattern.

Stage III: Interpretation and Presentation

Analysis & Interpretation: The information gathered is then analysed and synthesized. A second series of interviews are done if necessary to check and validate. The future opportunities are analysed by understanding product commercialization and many other factors. It also comprises the analysis of data discrepancies observed across various data sources. Information procured from secondary and primary results are then, interpreted by considering following parameters: (a partial list)

  • Establishing market drivers and trends
  • Analyzing regulatory landscape to understand future growth
  • Market Segment based analysis to obtain revenue / volume
  • Analyzing current needs and determining penetration to estimate market

Insights: Our reports deliver actionable insights backed with supporting facts and figures to assist you in achieving exemplary growth. Our in-depth analyses are interspersed with relevant insights and statistics to offer an executive-level view of a given market. The description helps in correlating many minor factors affecting the market and its impact to the different segments within the market.
Data curated from the analysis and interpretation are drawn to portray all in one consolidated report.

Presentation & Reporting: The market research report is presented in different forms such as charts by using a scientific approach for easy understanding. Historic, current and future analysis is provided for each market in terms of both value and volume. The size of the market is interpreted in the US Dollar value and the respective unit, based on the product, for volume consumptions.
The foreign exchange rates are calculated on the respective dates and for the respective regions covered in the study.

To request a free sample copy this report, please complete the form below.

    We value your inquiry and offer free customization with every report to fulfil your exact research needs.

    This website is secure and your personal details are safe.



    This report addresses

    • Market intelligence to enable effective decision making
    • Growth opportunities and trend analysis
    • Competitive benchmarking
    • Historical data & forecasts
    • Regional opportunities

    Need more?

    • Speak to our analyst to know how this research was put together
    • Add more countries or regions as part of customisation
    • Understand how this report can have direct impact on your revenue

    Get a custom report based on your requirements