Inpatient Care - Thailand | Statista Market Forecast

The Inpatient Care market in Thailand is estimated to witness a significant increase in revenue, with projections indicating that it will reach US$7.68bn in 2024.
Moreover, this market is expected to demonstrate a steady annual growth rate (CAGR 2024-2029) of 5.02%, ultimately leading to a market volume of US$9.81bn by 2029.
In a global context, it is noteworthy that United States will generate the highest revenue in this market, amounting to US$731.40bn in 2024.
Thailand's inpatient care market is experiencing a surge in medical tourism, with international patients seeking high-quality healthcare services at affordable prices.

Definition:
Inpatient Care refers to medical and surgical services provided to patients who are admitted for overnight stays at hospitals. This market covers a wide range of services, such as diagnostics, medical treatments, and surgical treatments. It also includes facilities, nursing care, and other services that are necessary for the patient's recovery and well-being during their hospital stay. However, inpatient long-term care (LTC) for people with LTC needs is not included. Hospital inpatient care is a crucial component of the healthcare industry and is essential for providing high-quality and comprehensive medical care to patients.

Structure:
Inpatient Care covers Neoplasm Treatments, Treatments of Cardiovascular Diseases, Treatments of Musculoskeletal Diseases, Gastroenterology, Midwifery, and Other Inpatient Care. Other Inpatient Care provides information on additional areas that are not covered by the previously mentioned markets.

Additional information:
Inpatient Care comprises revenues, average revenue per capita, number of hospitals, average revenue per hospital, number of hospital beds, and average revenue per hospital bed. Market values represent revenues paid to hospitals by the respective healthcare payers (including VAT, if applicable). Reported market revenues include spending by consumers (B2C), enterprises (B2B), and governments (B2G). Revenues are allocated to the country where the money is spent.

Inpatient nursing care
Medical goods for inpatient treatments
Inpatient surgical treatments

Day care
Long-term care
Outpatient care
Home-based care

The demand for healthcare services in Thailand has been steadily increasing over the years. As a result, the Inpatient Care market in Thailand has experienced significant growth.

Customer preferences: Thailand's aging population and the rise of chronic diseases have contributed to the growth of the Inpatient Care market. Patients are increasingly seeking quality healthcare services, which include inpatient care. Additionally, medical tourism has also played a significant role in the growth of the Inpatient Care market. Thailand is a popular destination for medical tourism due to the availability of high-quality medical services at a lower cost compared to Western countries.

Trends in the market: One of the trends in the Inpatient Care market in Thailand is the increasing adoption of technology. Hospitals are investing in advanced medical equipment and technology to improve patient care, reduce medical errors, and increase operational efficiency. Another trend is the growing popularity of private hospitals. Patients are willing to pay more for private hospitals due to the perceived higher quality of care and personalized services. Additionally, there is a trend towards specialization in the Inpatient Care market, with hospitals focusing on specific medical fields such as cardiology, oncology, and orthopedics.

Local special circumstances: Thailand has a universal healthcare system, which provides access to basic healthcare services to all citizens. However, the system is facing challenges such as a shortage of medical personnel and inadequate funding. As a result, many patients opt for private healthcare services, including inpatient care. Additionally, the Inpatient Care market in Thailand is highly competitive, with both private and public hospitals vying for patients. Hospitals are investing in marketing and branding to attract patients.

Underlying macroeconomic factors: Thailand's growing economy and rising middle class have contributed to the growth of the Inpatient Care market. The country's GDP has been steadily increasing, and the middle class has more disposable income to spend on healthcare services. Additionally, the government has been promoting medical tourism as a way to boost the economy, which has led to increased demand for inpatient care services. However, the Inpatient Care market in Thailand is also facing challenges such as rising healthcare costs and a shortage of medical personnel.

Data coverage:

Data encompasses B2B, B2G, and B2C spend. Figures are based on revenue received by hospitals from public or private sources, allocated to the country where the money is spent, including VAT if applicable.

Modeling approach / Market size:

Market sizes are determined by a bottom-up approach, based on a specific rationale for each market market. Next, we use relevant key market indicators and data from country-specific associations, such as healthcare expenditure per capita, health risk factors, public health spend, and GDP. This data helps us estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of techniques is based on the behavior of the particular market. For example, forecasts are based on historical developments, current trends, and key market indicators, using advanced statistical methods.

Additional notes:

Data is modeled in US$ using current exchange rates. The market is updated twice per year in case market dynamics change. The impact of the COVID-19 pandemic is considered at a country-specific level.

This report presents a comprehensive analysis and additional information on the Health market, in a PDF format.

The healthcare landscape in the United States is a complicated one. There are federal health insurance plans for low-income individuals namely Medicaid and CHIP (Children’s health insurance program) and Medicare for seniors and the disabled. Aside from these, people must buy private health insurance or be left uninsured because the U.S. is the only high-income country without universal healthcare coverage. Hospitals in the U.S., therefore, receive payment from multiple payers. Most revenue generated by U.S. hospitals comes from private insurance, self, or other payments. The complexity of this multi-payer system is instrumental to the U.S. having the highest administrative health costs per capita among wealthy nations.