- Launch of Smart Health ID (patient administration cloud service) during 2018–20 under Thailand 4.0 increased digital penetration among manufacturers & distributors.
- Access to patients’ data to manage future demand of healthcare services and medical devices under Thailand 4.0.
- Expenditure on elderly population welfare in Thailand is anticipated to reach USD 148.5 Mn by 2021 with a double-digit CAGR of 10.5% during 2016-2021.
- Hospital groups such as Bangkok, Bumrungrad, Kasemred have planned to open more hospital units to cater to increasing hospital demand for specialized areas such as Cardiovascular.
Road Map of Healthcare Industry under Thailand 4.0: Thailand Ministry of Public Health created a roadmap in making Thailand, the medical hub of ASEAN by 2025. The focus area for the first five years of the implementation (2017-2021) is majorly to promote health tourism and effective production of generic drugs. However, the focus will primarily shift to the usage of standardized medical robots & automated diagnostic devices especially to treat heart-related diseases and targeted therapies.
Increasing Ageing Population: Demand for healthcare services is expected to grow as the older population in Thailand is expected to increase from ~20% in 2019 to ~36% by 2050. The aging population boom puts pressure on the government to plan for facilitating the change by improving medical facilities in the hospitals. Treatment & care for chronic diseases will be among the primary focuses for maintaining the health of elder citizens in the country.
Growth in Hospital Industry: Private Hospital industry is anticipated to grow at a 10%-13% growth rate during 2020-2022, wherein large hospital groups with a large network will have advantages in both cost & personnel. The number of Hospitals on the other hand is anticipated to cross 1500 by 2022. A higher number of hospitals with increased personnel would ensure more healthcare tests to be conducted in the country.
Analysts at Ken Research in their latest publication “Thailand Blood Gas Analyzer and Cardiac Biomarker Market Outlook to 2025 – Blood Gas Analyzer: By Device Type (Medium to High Workload and Single Test Analyzer), By Product (Device and Reagent), By Region” by Ken Research suggested that the Blood Gas and Cardiac Biomarker Market in Thailand is expected to grow in the near future due to new hospitals opening in the country, expansion of existing hospitals, Rising Ageing Population, Per Capita Health Expenditure, booming Medical Tourism industry, and increasing Government spending over the years.
The Blood Gas Analyzer market is expected to register a positive five-year CAGR of 6.6% and Cardiac Biomarker to register a CAGR of 5.9% in terms of the number of devices installed respectively during the forecast period 2020P-2025F.
Key Segments Covered: –
Blood Gas Analyzer Market:
By Type of Device (Number of Devices Installed)
Medium to High Workload Device
Single Test Analyzer Device
By Type of Product (Revenue)
By Region (Number of Devices Installed)
North Eastern Region
Cardiac Biomarker Analyzer Market:
By Type of Product (Number of Devices Installed)
By Type of Device (Number of Devices Installed)
Semi-Automated Small Portable System
Fully-Automated High-End System
By Type of Cardiac Biomarker (Revenue)
Major Manufacturing Brands:
SE Supply Group
Key Target Audience: –
Blood Gas Analyzer Manufacturers, Importers, and Distributors
Cardiac Biomarker Manufacturers, Importers, and Distributors
Government and Regulatory Bodies
Heart Hospitals & Research Institutions
Medical Device Consultant Firms
Time Period Captured in the Report:-
Historical Period: 2014-2020
Forecast Period: 2021-2025
Key Topics Covered in the Report: –
Overview of Thailand Blood Gas and Cardiac Biomarker Analyzer Market
Thailand Blood Gas and Cardiac Biomarker Analyzer Market Value Chain Analysis
Thailand Blood Gas Analyzers& Cardiac Biomarker Market Size
Thailand Blood Gas and Cardiac Biomarker Analyzer Market Ecosystem
Thailand Blood Gas and Cardiac Biomarker Analyzer Market Segmentation
Government Role and Regulation in Thailand Blood Gas and Cardiac Biomarker Analyzer Market
Trends and Developments in Thailand Blood Gas and Cardiac Biomarker Analyzer Market
Issues and Challenges in Thailand Blood Gas and Cardiac Biomarker Analyzer Market
Competitive Landscape in Thailand Blood Gas and Cardiac Biomarker Analyzer Market
Market Share of Blood Gas & Cardiac Biomarker Players in Thailand basis Number of Devices Installed
Strength and Weakness of Major Players in Thailand Blood Gas and Cardiac Biomarker Analyzer Market
End-User Perception in Thailand Blood Gas and Cardiac Biomarker Analyzer Market
SWOT Analysis Thailand Blood Gas and Cardiac Biomarker Analyzer Market
Thailand Blood Gas and Cardiac Biomarker Analyzer Market Future Projections, 2020P-2025F
For More Information on the research report, refer to the below link: –
Related Reports by Ken Research: –
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Ankur Gupta, Head Marketing & Communications