Thailand telehealth market report comprehensively covers the market by type, components, and products. The market report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/ high growth areas, and market drivers, which would help stakeholders to devise and align their market strategies according to the current and future market dynamics.
Latest 2023 Development of the Thailand Telehealth Market
Thailand Telehealth Market is forecast to grow over the years mainly due to government support as they are promoting the growth of the telehealth market through the development of digital health infrastructure and the introduction of telemedicine services in hospitals. Major healthcare providers in Thailand are forming partnerships with telehealth companies to expand their services. Many hospitals and clinics in Thailand are launching telemedicine services, providing patients with remote and online consultations. Many investors and venture capitalists are investing in telehealth start-ups in Thailand which is driving the Thailand Telehealth Market growth.
The sector in the country is huge and Telemedicine Market in Thailand is a prominent part of this sector. Telemedicine is when medical services are provided remotely. Several telehealth apps are being launched in Thailand, providing patients with access to health information and telemedicine services from their mobile devices. Telehealth companies in Thailand are increasing their remote monitoring services which provide patients with continuous monitoring and care. Telehealth services in Thailand are being integrated with electronic health records to provide patients with seamless access to their medical information.
Thailand Telehealth Market Synopsis
Thailand telehealth market witnessed moderate growth during the period 2017-2020 underpinned by 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. Moreover, the outbreak of the COVID-19 pandemic acted as a boon for the telehealth market owing to the social distancing norms which accelerated the use of telehealth services as people were reluctant to visit hospitals for minor check-ups due to the risk of getting exposed to the coronavirus. Moreover, the stringent lockdown imposed across the country forced the people to stay at home and step out only in 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.
According to 6Wresearch, the Thailand Telehealth Market size is projected to grow at a CAGR of 10.1% during 2021-2027F. The lack of proper healthcare facilities especially in rural areas is driving the Thailand Telehealth Market Growth. Increasing penetration towards the usage of the internet coupled with increasing awareness regarding health and fitness is accelerating the development of the market. Moreover, increasing innovation in order to provide quality treatment through cloud-based technology is proliferating the Thailand Telehealth Market Share.
Rising government support in the form of initiatives and programs such as Thailand National Digital Healthcare Workforce Development Initiative (WDI) which focuses on the development and demand for digital healthcare services in light of the Thailand 4.0 digitization journey along with the growing adoption of advanced digital technologies such as IoT, big data analytics and artificial intelligence, would bolster the growth of digital healthcare across the country in the forthcoming years. The growth in the telehealth market of Thailand can be further attributed to the factors such as the rising prevalence of chronic diseases leading to overcrowding of hospitals, the need to reduce healthcare expenditure, increasing government support, and increased internet users, combined with the rising adoption of IoT platform and artificial intelligence,
Market Analysis by components
The services segment led the telehealth market revenues on account of the increasing number of doctors and hospitals joining the telemedicine industry for providing healthcare services to patients remotely and the increased emphasis on patient monitoring for elderly people and on covid-19 patients. This trend is anticipated to persist during the forecast period as well owing to the increasing adoption of virtual consultations, time convenience, booming internet penetration, and startups coming up with innovative ideas for providing better services to patients remotely.
Key Highlights of the Report:
- Thailand Telehealth Market Overview
- Thailand Telehealth Market Outlook
- Thailand Telehealth Market Forecast
- Historical Data and Forecast of Thailand Telehealth Market Revenues for the Period 2017-2027F
- Historical Data and Forecast of Revenues, By Type for the Period 2017-2027F
- Historical Data and Forecast of Revenues, By Components for the Period of 2017-2027F
- Market Drivers
- Market Restraints
- Thailand Telehealth Market Trends
- Industry Life Cycle
- Porter’s Five Force Analysis
- Market Opportunity Assessment
- Thailand Telehealth Market Share/Ranking, By Companies
- Market Competitive Benchmarking
- Company Profiles
- Key Strategic Recommendations
Markets Covered:
The report provides a detailed analysis of the following market segments:
By Type
- Tele Hospitals
- Tele Homes
- mHealth (Mobile Health)
By Components
- Products
- Software
- Integrated
- Standalone
- Hardware
- Medical Peripheral Devices
- Monitors
- HD
- Full HD
- 4K/8K
- Services
- Teleradiology
- Telecardiology
- Teledermatology
- Telepsychiatry
- Other Services
- Services
