Thailand Digital Health Market Analysis Report 2022 to 2030

Thailand Digital Health Market Analysis

$ 3999

Thailand's Digital Health market is projected to grow from $xxBn in 2022 to $xxBn by 2030, registering a CAGR xx% during the forecast period of 2022 - 2030. The market will be driven by the increasing adoption of smart devices, IoT & positive involvement from government regulations. The market is segmented by solution, by deployment & by end-use. Some of the major players include HonestDocs, NudMor & Arincare.

ID: IN10THDH005 CATEGORY: Digital Health GEOGRAPHY: Thailand AUTHOR: Vidhi Upadhyay

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Thailand Digital Health Market Executive Summary

Thailand's Digital Health market is projected to grow from $xxBn in 2022 to $xxBn by 2030, registering a CAGR xx% during the forecast period of 2022-30. The per capita health expenditure of Thailand saw a rise from $278.63 in 2018 to $296.17 in 2019 according to the World Health Organization Global Health Expenditure database. Thailand is often acknowledged as one of the most competing countries in the world for high-quality, low-cost treatment.

The Thai government has made investments in digital health infrastructure and innovative technology such as electronic medical records and telemedicine. Digital health technology has proved especially effective in rural regions, where access to healthcare is usually limited. Furthermore, the COVID-19 pandemic has hastened the implementation of digital health technologies, including as telemedicine and remote monitoring, to aid in mitigating viral propagation and keeping patients safe.

During the year 2018-2020, the government introduced a number of healthcare applications, including H4U (personal health profile app), Smart Health ID (patient administration cloud service), and Primary Care Cluster App (telehealth and telemedicine) to encourage the digitization of healthcare.

thailand digital health market analysis

Market Dynamics

Market Growth Drivers

The Ministry of Public Health's "AI Smart Health Profile," allowed hospitals to share patient profiles and utilize big data. Some hospitals even developed their own telehealth services in collaboration with the National Broadcasting and Telecommunications Commission, utilizing high-speed web services to provide health care services such as diagnosis for non-communicable diseases, diabetes, hypertension, common skin and eye conditions, and other chronic conditions.

High-speed internet, mobile devices, apps, the Internet of Things, artificial intelligence, and mixed-reality technologies are all playing critical roles in revolutionizing the digital health market in Thailand.

Market Restraints

Thailand provides a favorable environment for digital health investment. However, preference for local brands, inadequate intellectual property rights protection, and complex tax exemption laws are some of the obstacles that must be overcome in order to expand international investment in Thailand's digital health industry.

Competitive Landscape

Key Players

HonestDocs (HD) (THA): It is a healthcare e-commerce marketplace in emerging Southeast Asia
NudMor (THA): It is a medical data and IoT cloud-based firm
Arincare (THA): It offers a pharmacy management solution to pharmacists using a cloud-based system to assist
ZeekDoc (THA): They offer online appointments to seek medical practitioners nearby

Healthcare Policies and Regulatory Landscape

The Thai government has promoted the use of digital technologies in healthcare. The Ministries of Public Health (MOPH) and Digital Economy and Society (MDES) have been collaborating to create and execute policies to assist the growth of Thailand's digital health business.

In October 2019, The Thailand section of an American non-profit organization devoted to promoting health officially inaugurated the Thailand National Digital Healthcare Workforce Development Initiative (WDI). the project focussed on the establishment of a three-year work plan to satisfy patient demand for digital healthcare services.

Reimbursement Scenario

In Thailand, the majority of the population is covered by the national health insurance plan, Universal Coverage for Emergency Patients (UC). The UC plan covers inpatient and outpatient treatment for a wide range of medical issues, including chronic illnesses, maternity and child health, and mental health. In most cases, digital health services are not covered by the national health insurance plan However, there are certain exceptions under the UC program where the government has begun to reimburse the costs of telemedicine treatments for specific diseases such as diabetes and hypertension.

1. Executive Summary
1.1 Digital Health Overview
1.2 Global Scenario
1.3 Country Overview
1.4 Healthcare Scenario in Country
1.5 Digital Health Policy in Country
1.6 Recent Developments in the Country

2. Market Size and Forecasting
2.1 Market Size (With Excel and Methodology)
2.2 Market Segmentation (Check all Segments in Segmentation Section)

3. Market Dynamics
3.1 Market Drivers
3.2 Market Restraints

4. Competitive Landscape
4.1 Major Market Share

4.2 Key Company Profile (Check all Companies in the Summary Section)

4.2.1 Company
4.2.1.1 Overview
4.2.1.2 Product Applications and Services
4.2.1.3 Recent Developments
4.2.1.4 Partnerships Ecosystem
4.2.1.5 Financials (Based on Availability)

5. Reimbursement Scenario
5.1 Reimbursement Regulation
5.2 Reimbursement Process for Diagnosis
5.3 Reimbursement Process for Treatment

6. Methodology and Scope

Digital Health Market Segmentation

The Digital Health Market is segmented as mentioned below:

By Solution (Revenue, USD Billion):

Software
Services

By Deployment (Revenue, USD Billion):

Cloud-based
On-premises

By End-use (Revenue, USD Billion):

Diagnostic Centres
Healthcare Payers
Healthcare Research Centres
Hospitals & Clinics
Nursing Care Centres
Others

Methodology for Database Creation

Our database offers a comprehensive list of healthcare centers, meticulously curated to provide detailed information on a wide range of specialties and services. It includes top-tier hospitals, clinics, and diagnostic facilities across 30 countries and 24 specialties, ensuring users can find the healthcare services they need.

Additionally, we provide a comprehensive list of Key Opinion Leaders (KOLs) based on your requirements. Our curated list captures various crucial aspects of the KOLs, offering more than just general information. Whether you're looking to boost brand awareness, drive engagement, or launch a new product, our extensive list of KOLs ensures you have the right experts by your side. Covering 30 countries and 36 specialties, our database guarantees access to the best KOLs in the healthcare industry, supporting strategic decisions and enhancing your initiatives.

How Do We Get It?

Our database is created and maintained through a combination of secondary and primary research methodologies.

1. Secondary Research

With many years of experience in the healthcare field, we have our own rich proprietary data from various past projects. This historical data serves as the foundation for our database. Our continuous process of gathering data involves:

Analyzing historical proprietary data collected from multiple projects.
Regularly updating our existing data sets with new findings and trends.
Ensuring data consistency and accuracy through rigorous validation processes.

With extensive experience in the field, we have developed a proprietary GenAI-based technology that is uniquely tailored to our organization. This advanced technology enables us to scan a wide array of relevant information sources across the internet. Our data-gathering process includes:

Searching through academic conferences, published research, citations, and social media platforms
Collecting and compiling diverse data to build a comprehensive and detailed database
Continuously updating our database with new information to ensure its relevance and accuracy

2. Primary Research

To complement and validate our secondary data, we engage in primary research through local tie-ups and partnerships. This process involves:

Collaborating with local healthcare providers, hospitals, and clinics to gather real-time data.
Conducting surveys, interviews, and field studies to collect fresh data directly from the source.
Continuously refreshing our database to ensure that the information remains current and reliable.
Validating secondary data through cross-referencing with primary data to ensure accuracy and relevance.

Combining Secondary and Primary Research

By integrating both secondary and primary research methodologies, we ensure that our database is comprehensive, accurate, and up-to-date. The combined process involves:

Merging historical data from secondary research with real-time data from primary research.
Conducting thorough data validation and cleansing to remove inconsistencies and errors.
Organizing data into a structured format that is easily accessible and usable for various applications.
Continuously monitoring and updating the database to reflect the latest developments and trends in the healthcare field.

Through this meticulous process, we create a final database tailored to each region and domain within the healthcare industry. This approach ensures that our clients receive reliable and relevant data, empowering them to make informed decisions and drive innovation in their respective fields.