Market Analysis - Healthcare Asia Pacific 2020
Thailand's network of public hospitals provide universal healthcare to all Thai nationals through three government schemes. Private hospitals help complement the system, especially in Bangkok and large urban areas, and Thailand is among the world's leading medical tourism destinations.
Healthcare in Thailand is overseen by the Ministry of Public Health (MOPH), along with several other non-ministerial government agencies. Under Thailand’s health schemes, 99.5 percent of the population has health protection coverage
As of 2019, Thailand's population of 68 million is served by 927 government hospitals and 363 private hospitals with 9,768 government health centers plus 25,615 private clinics.
A growing market segment is demanding unscheduled access to primary healthcare services without consideration of health system or pre-existing clinician relationship. This population segment has given rise to a new set of "on demand" primary healthcare delivery channels. These on demand delivery channels have strong growth projections (ranging from 6.5 to 34 percent annually) over the next several years creating an opportunity or threat for the traditional primary care providers and the health systems.
As per estimates, the healthcare market is projected to grow at 12.0% p.a. to US$ 69.4 billion by 2018 from an estimated US$ 39.4 billion in 2013. Outpatient and inpatient markets are expected to account for 79% and 21%, respectively, of the overall market size. Japan is projected to remain the largest GCC market.Japan are expected to be the fastest growing markets; going forward. The demand for number of hospital beds is expected to be 115,544 in 2018, an addition of 11,241 beds from 2013, which is in line with the expected supply looking at the number of projects in the pipeline.
The IMF estimates that the region‘s population would cross the 50 million mark by 2020, providing impetus to the consumption of healthcare services. Rising income levels and sedentary lifestyles have led to a higher prevalence of obesity and diabetes leading to a demand for specialized healthcare services. GCC population in the age group of 65 and above is expected to surge from 1.2 million in 2015 to 14.2 million in 2050, driving demand for healthcare services. Also, infant mortality in the GCC improved from 110 per 10,000 live births in 2000 to 78 in 2012.
While growth in the region‘s insurance premium outpaces the growth in the global market, the insurance penetration remains one of the lowest in the world.
Healthcare Asia Pacific 2020 is an uncommon event proposed for Healthcare specialists to support the dispersal and utilization of research disclosures on Healthcare. The Theme of the meeting is "Leading Innovation for Better Healthcare and Nursing Systems". The gathering invites speakers from social Healthcare Universities, clinical research associations, expository associations and Healthcare ventures to share their investigation experiences on all parts of this rapidly developing field and thusly, giving a show off of the latest Healthcare Techniques.