Inpatient Care - Thailand

Thailand

The Inpatient Care market in Thailand is estimated to witness a significant increase in revenue, with projections indicating that it will reach €7.12bn in 2024.
Moreover, this market segment is expected to demonstrate a steady annual growth rate (CAGR 2024-2029) of 5.26%, ultimately leading to a market volume of €9.20bn by 2029.
In a global context, it is noteworthy that in the United States will generate the highest revenue in this market, amounting to €678.20bn 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.

Key regions: United States, Germany, Brazil, United Kingdom, Japan

Marché

Région

Comparaison de régions

Monnaie

Analyst Opinion

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.

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.