Outpatient Care - Thailand

Thailand

The Outpatient Care market in Thailand is anticipated to achieve a revenue of US$2.73bn in 2024.
This sector is projected to exhibit a compound annual growth rate (CAGR 2024-2029) of 7.72%, leading to a market volume of US$3.96bn by 2029.
When compared globally, United States is expected to generate the highest revenue in this market, amounting to US$744.80bn in 2024.
Thailand's Outpatient Care market is experiencing a surge in demand due to the country's growing elderly population.

Key regions: United Kingdom, Japan, China, Brazil, Canada

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Analyst Opinion

The Outpatient Care market in Thailand has been experiencing significant growth over the past few years.

Customer preferences: One major reason for this growth is the increasing demand for healthcare services in Thailand. As the population ages and becomes more health-conscious, there is a growing need for outpatient care services. Additionally, the rise of chronic diseases such as diabetes and heart disease has led to an increased demand for outpatient care.

Trends in the market: In response to this growing demand, many healthcare providers in Thailand are expanding their outpatient care services. This includes opening new clinics and increasing the number of services offered at existing clinics. Many providers are also investing in new technologies and equipment to improve the quality of care and increase efficiency.Another trend in the outpatient care market in Thailand is the increasing use of telemedicine. This allows patients to receive care remotely, which can be particularly beneficial for those living in rural areas or with limited mobility. Telemedicine also allows healthcare providers to reach a larger patient population and can help to reduce costs.

Local special circumstances: One unique aspect of the outpatient care market in Thailand is the role of traditional medicine. Many Thai people still rely on traditional medicine practices, such as herbal remedies and massage therapy, in addition to modern medical treatments. As a result, many outpatient care providers in Thailand offer a combination of traditional and modern treatments.

Underlying macroeconomic factors: The growth of the outpatient care market in Thailand can also be attributed to the country's strong economic growth and political stability. As the middle class continues to grow in Thailand, more people are able to afford healthcare services. Additionally, the government has made healthcare a priority and has invested in improving healthcare infrastructure and services.In conclusion, the outpatient care market in Thailand is experiencing significant growth due to increasing demand for healthcare services, expansion of services by healthcare providers, the use of telemedicine, the role of traditional medicine, and strong macroeconomic factors.

Methodology

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.