Thailand Clinical Laboratory Market Outlook to 2026F
Description
Thailand Clinical Laboratory Market Outlook to 2026F
The report provides a comprehensive analysis of the potential of the Clinical Laboratory Market in Thailand. The report covers an overview and genesis of the industry, market size in terms of revenue generated.
The market is segmented by independent laboratory, by payer, by customers, by type of tests, by type of routine tests, by type of esoteric tests, by region, by type of laboratory in private hospitals; growth enablers and drivers, challenges and bottlenecks, trends; regulatory framework; industry analysis, competitive landscape including competition scenario and market shares of major players. The report concludes with future market projections of each segmentation and analyst recommendations.
Market Overview:
According to Ken Research estimates, the Thailand Clinical Laboratory Market – which grew at a CAGR of 9.0% in the period of 2016-2021 – is expected to grow at a CAGR of 9.5% in the forecasted period of 2022F-2026F, owing to the increasing healthcare spending by aging population, expanding healthcare spending by the Government, growth in non-communicable disease and chronic diseases and increasing public awareness.
The market is led by N Health; having the major share of the Clinical Laboratory Market in Thailand. Other players include Pathlab, Thonburi Clinical Labs, Bangkok Medical Labs, Medical Line Lab, Innotech Laboratories and others.
Around 60.0% of medical decisions regarding early disease diagnosis, patient prognosis and treatment selection are based on laboratory diagnostic results.
Key Trends by Market Segment:
By Payer: Private health insurance makes up the majority of the revenue sources for laboratories. Private health insurance is an option for expats in Thailand who want a larger variety of coverage or are ineligible for public health insurance. One can receive treatment in any public or private hospital in Thailand if they purchase a private insurance plan.
By Type of Routine Test: CBC is the most common routine test performed. The prevalence of numerous infectious diseases is on the rise, which presents a favourable chance for the industry to expand. The need for patient monitoring via blood testing services is growing along with medical tourism. The region's blood-testing sector has benefited from this.
Competitive Landscape
Future Outlook
The Thailand Clinical Laboratory Market is projected to show a growth of CAGR 9.5% in the forecasted period of 2022F-2026F, owing to the increasing healthcare spending by aging population, expanding healthcare spending by the Government, growth in non-communicable disease and chronic diseases, increasing focus on preventive medicine, rising disposable income resulted in increasing demand for health check-ups, preference for evidence-based treatment and increasing public awareness.
Please Note:It will take 5-7 business days to complete the report upon order confirmation.
The report provides a comprehensive analysis of the potential of the Clinical Laboratory Market in Thailand. The report covers an overview and genesis of the industry, market size in terms of revenue generated.
The market is segmented by independent laboratory, by payer, by customers, by type of tests, by type of routine tests, by type of esoteric tests, by region, by type of laboratory in private hospitals; growth enablers and drivers, challenges and bottlenecks, trends; regulatory framework; industry analysis, competitive landscape including competition scenario and market shares of major players. The report concludes with future market projections of each segmentation and analyst recommendations.
Market Overview:
According to Ken Research estimates, the Thailand Clinical Laboratory Market – which grew at a CAGR of 9.0% in the period of 2016-2021 – is expected to grow at a CAGR of 9.5% in the forecasted period of 2022F-2026F, owing to the increasing healthcare spending by aging population, expanding healthcare spending by the Government, growth in non-communicable disease and chronic diseases and increasing public awareness.
The market is led by N Health; having the major share of the Clinical Laboratory Market in Thailand. Other players include Pathlab, Thonburi Clinical Labs, Bangkok Medical Labs, Medical Line Lab, Innotech Laboratories and others.
Around 60.0% of medical decisions regarding early disease diagnosis, patient prognosis and treatment selection are based on laboratory diagnostic results.
Key Trends by Market Segment:
By Payer: Private health insurance makes up the majority of the revenue sources for laboratories. Private health insurance is an option for expats in Thailand who want a larger variety of coverage or are ineligible for public health insurance. One can receive treatment in any public or private hospital in Thailand if they purchase a private insurance plan.
By Type of Routine Test: CBC is the most common routine test performed. The prevalence of numerous infectious diseases is on the rise, which presents a favourable chance for the industry to expand. The need for patient monitoring via blood testing services is growing along with medical tourism. The region's blood-testing sector has benefited from this.
Competitive Landscape
Future Outlook
The Thailand Clinical Laboratory Market is projected to show a growth of CAGR 9.5% in the forecasted period of 2022F-2026F, owing to the increasing healthcare spending by aging population, expanding healthcare spending by the Government, growth in non-communicable disease and chronic diseases, increasing focus on preventive medicine, rising disposable income resulted in increasing demand for health check-ups, preference for evidence-based treatment and increasing public awareness.
Please Note:It will take 5-7 business days to complete the report upon order confirmation.
Table of Contents
87 Pages
- 1. Executive Summary
- 1.1 Executive Summary: Thailand Clinical Laboratory Market
- 2. Country Overview
- 2.1 Thailand Country Profile, 2021
- 2.2 Thailand Population Analysis, 2021
- 3. Overview of Thailand Healthcare Sector
- 3.1 Thailand Healthcare Overview
- 3.2 Structure of Thailand Healthcare
- 3.3 Hospital Statistics of Thailand, 2020
- 3.4 Thailand Healthcare Spending Details, 2021
- 3.5 Thailand Medical Tourism Facts
- 3.6 Health Insurance Policies of Thailand
- 3.7 Health Metrics and their Scores for Thailand
- 3.8 Health Infrastructure Gaps in Thailand
- 4. Overview of Thailand Clinical Laboratory Market
- 4.1 Snapshot of the Thailand Clinical Laboratory Market, 2021-2026F
- 4.2 Ecosystem of Major Entities of Thailand Clinical Labs Market
- 4.3 Business Cycle and Genesis of Thailand Clinical Lab Market
- 4.4 Timeline of Thailand Clinical Labs Market
- 4.5 Evolution of Clinical Labs Industry
- 4.6 Value Chain Analysis in Thailand Clinical Laboratory Market
- 4.7 Robust Clinical Laboratory Industry
- 4.8 Hub and Spoke Business Model
- 5. Thailand Clinical Laboratory Market Sizing
- 5.1 Thailand Clinical Laboratory Market Size, 2016-2021
- 5.2 Revenue Split by Type of Labs, 2017-2021
- 5.3 By Type of Laboratory (Private and Public)
- 6. Thailand Clinical Laboratory Market Segmentation
- 6.1 Market Segmentation By Type of Independent Laboratory
- 6.2 Market Segmentation By Type of By Payer
- 6.3 Market Segmentation By Type of Customers
- 6.4 Market Segmentation By Type of Tests
- 6.5 Market Segmentation By Type of Routine Tests
- 6.6 Market Segmentation By Type of Esoteric Tests
- 6.7 Market Segmentation By Region
- 6.8 Market Segmentation By Type of Laboratory In Private Hospitals
- 7. End User Analysis
- 7.1 Customer Analysis of Thailand Clinical Labs Market
- 7.2 Patient Journey in Clinical Labs
- 7.3 Pain Points and Solutions in Thailand Clinical Labs Market
- 7.4 Decision Making Parameters of choosing a Clinical Lab in Thailand
- 8. Industry Analysis
- 8.1 SWOT Analysis of Thailand Clinical Lab Market
- 8.2 Drivers of the Thailand Clinical Laboratory Industry
- 8.3 Key Challenges of Thailand Clinical Lab Market
- 8.4 Trends and Development of Thailand Clinical Lab Market
- 8.5 Technology Upgradation in Clinical Labs Industry
- 8.6 Stakeholders in Thailand Clinical Labs
- 8.7 Supportive Government Policies and Schemes
- 9. Competition Scenario for Thailand Clinical Laboratories Market
- 9.1 Market Share of Major Organized Clinical Laboratories in Thailand on the Basis of Revenues and Number of Labs, 2021
- 9.2 Company Profile/Competitive Landscape of Major Organized Diagnostics Labs in Thailand
- 9.3 Pricing Analysis of Major Players
- 10. Future Outlook and Projections
- 10.1 Thailand Clinical Laboratory Market Size, 2022-2026F
- 10.2 Revenue Split by Type of Labs, 2026F
- 10.3 By Number of Labs and By Private Hospital Labs, 2026F
- 10.4 Market Segmentation By Type of Tests, 2026F
- 10.5 By type of routine Test and By Type of Esoteric Test, 2026F
- 10.6 By Payers and By number of Tests, 2026F
- 10.7 By Region, 2026F
- 10.8 Next Generation Laboratory Technology Trends
- 11. Impact of COVID-19
- 11.1 Impact of COVID-19 on Clinical Laboratory Market (Test & Prices) in Thailand
- 11.2 Response to COVID-19 pandemic
- 12. Market Opportunities and Analyst Recommendation
- 12.1Strategies to Tap the Opportunities
- 12.2 Comprehensive Service Offering with Proposed Marketing Strategy
- 12.3 Needs and Ways to develop Thailand Clinical Labs Market
- 12.4 Key Success factor for the Clinical Laboratory Players
- 12.5 Growth Strategy for the Thailand Clinical Laboratory Industry
- 13. Research Methodology
- 13.1Market Definitions, Abbreviations Used, Market Sizing Approach, Primary Research Approach & Entity Analysis, Research Limitations and Future Conclusions
- Disclaimer
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