Beverage sales rose during the COVID-19 pandemic, but it will be difficult for beverage companies to replicate the record-setting gains of 2020. The Thailand Industry Outlook report evaluates the attractiveness of selected Thai industries to support credit evaluation for the bank's clients over the next 3 years (2021-2023). The Thailand Consumer Council says that out of 60 face masks available in the country, only a fifth have passed quality tests. The Future of Thailand's Healthcare Industry in Tier two Cities Solidiance has just recently published a new white paper titled "Future of Thailand's Healthcare Industry in Tier 2 Cities", highlighting key findings like Thailand's aging society, medical tourism and AEC, driving healthcare investment in the future. Thailand's 'Great Leap' Opportunity. Medical Tourism Market Size | Industry Report, 2020-2027 Establish the right approach to win in health and pharmaceutical market in Thailand, one of the fast-growing markets in Southeast Asia. Industry Global News24 - News solution that helps you connect and engage with target audiences in Business, Healthcare, Technology, Industry Latest News, Updated News, Latest trending News on industry across the world. The consultancy added that total spending was $12.8bn in 2013. Lessons for Thailand from top healthcare access trends Thailand confident on achieving industry 4.0 ambition ... The COVID-19 pandemic will drive reforms and open investment opportunities for ASEAN's healthcare sector, particularly in the fields of biotechnology, telehealth, pharmaceuticals, and diagnostic medicine.. Deloitte's global network engages with clients to develop innovative solutions to help them achieve their business missions. The healthcare industry is imperative in maintaining the long-term economic health of any nation. Investing In The Healthcare Sector - Investopedia Deloitte estimates that the health care spending in Thailand would have reached $18.7bn last year, growing by 8% between 2014 and 2018. Provincial health doyen Prapas Pookduang . PharmaBoardroom - Thailand Healthcare Snapshot 2019 The services offered by these facilities are wide-ranging and cover a large number of treatments. Elderly folks are most at risk for disease and . Thailand: The Healthcare & Life Sciences Supply Chain ... Thailand is able to dominate medical tourism thanks to its competitive low cost of medical care, high quality treatment and its well-established tourism industry. In 2013, Thailand earned $4.31 billion in revenue from medical tourism, after average growth of 15% a year over the past . Thailand: The Healthcare & Life Sciences Supply Chain - How is the industry changing? Life Sciences and Health Care - Deloitte Thailand Consumer Health in Thailand $ 2650 September 2021. Maximise your brand's exposure to all the visitors that will . Seitan Powder Market Size,Share Surge to New Values for Forecast Year 2020-2030 $ 5000 November 2021. At present, the competition is even more intense given the high market value of the Thai healthcare industry. "Industry 4.0, artificial intelligence (AI), e-payment and cutting-edge technology are all but part of the daily realities for most of those who live in the country. As early as 2012, healthcare institutions became victims of cyber attacks. The paper develops a fra mework for. The UCS, introduced. Healthcare in Thailand is centrally managed by the Ministry of Public Health. 7 Thailand's Healthcare Industry Size Target Read the Department of State's COVID-19 page before you plan any international travel.. The Centers for Disease Control and Prevention (CDC) has issued a Level 3 Travel Health Notice for Thailand due to COVID-19, indicating a high level of COVID-19 in the country. BANGKOK/SYDNEY: Thailand, Australia and Israel eased international border restrictions significantly on Monday for the first time in 18 months, offering a broad test of the demand for tourism and . This study aims to validate the sustainable total resource management measures and provide a hierarchical structure to manage the medical resources for the healthcare industry in Thailand. The growth of medical tourism in Thailand is a combined result of the rising income and the increase of the middle class, leading to higher spending Thai man brought his own J&J dose to a clinic, now health officials aren't happy. Successful Healthcare System " The public healthcare system is covering almost the entire population of Thailand " Treatments Offered in Thailand By Roshel Jayasundera,Senior Director, Global Consulting, Axios International. On average, Thailand receives 1.4 million medical tourists a year. With a strong healthcare infrastructure, highly skilled medical professionals, international standard medical services, and affordable healthcare costs, Thailand is a global hub for medical tourism. The growth of medical tourism in Thailand is a combined result of the rising income and the increase of the middle class, leading to higher spending Thailand's health development since the 1970s has been focused on investment in the health delivery infrastructure at the district level and below and on training the health workforce. Industry analysis. Thailand's medical tourism industry is known for serving patients in areas that include cancer treatment, fertility assistance, orthopedics, cardiovascular medicine, and dentistry. According to Thailand's Food and Drug Administration, the country's medical devices industry was valued at US$6 billion in 2019 and over 80 percent of local production is exported. Further, it presents. Vietnam is currently undergoing economic and demographic transformations that provide great potential for its healthcare industry. This will in turn propel the regional aquaculture healthcare industry. It is also considered a top destination in Southeast Asia as a low cost healthcare venue. GE Healthcare provides transformational medical technologies and services that are shaping a new age in patient care. 6 Key Beverage Industry Trends to Watch in 2022. Ratings agency Sitch estimates doubling of size of the sector to $100bn by 2015. The global home healthcare market size was valued at USD 299.0 billion in 2020 and is expected to grow at a compound annual growth rate (CAGR) of 7.88% from 2021 to 2028. Furthermore, the effects of CPA on the Act and how non-industry stakeholders . Thailand's healthcare expenditure is projected to rise from USD 25.3 billion in 2016 to 47.9 billion… Thailand is renowned for its universal health care program (UHC) and success in child nutrition, but quality of education remains a weak point for the country's human development. Thailand, India, China, and Indonesia have the biggest crustacean markets in the globe. The healthcare sector is vast, and there are many large and small companies to choose from in various industries. The EABC Working Group on Healthcare & Pharmaceutical provides a business-driven platform for interactive discussion and formulation of consolidated European business positions on key issues facing manufacturers and associated industry suppliers in Thailand's healthcare & pharmaceutical sectors. According to the World Health Organization, ASEAN spends close to four percent of its GDP on healthcare, with Singapore at the top of the list with expenditure per capita at US$2,700. At first glance, the healthcare industry statistics seem to indicate that Vietnam is performing quite well in this area, especially considering that the country remains poor in comparison with other countries in the region. Health officials in the eastern province of Sa Keao are looking for a man who strolled into a clinic with what he said was a dose of Johnson & Johnson's Janssen vaccine - something not publicly available in Thailand. China's healthcare industry (2010-2020) China healthcare industry is currently ranked the second largest in the world behind the US. Health care industry in the Philippines Health in Indonesia Health in Singapore Health in Malaysia Health in Thailand Statista Accounts: Access All Statistics. Second largest service sector employer in the country. The Thailand healthcare industry faces medical resource depletion in the current pandemic . healthcare supply chain i mprovement in Thailand. View our new 2021 Online packages. Furthermore, growing awareness regarding importance of aquaculture healthcare will serve to boost the product demand. Access new updated reports and statistics for the Health Services Industry in Thailand. However, the statistics to an extent . problems as well a s identify ro . Thai healthcare market is rapidly expanding. This will boost the demand for therapeutic products for crustaceans. Thailand's Food and Drug Administration said on Monday it has approved the use of the Pfizer-BioNTech COVID-19 vaccine for children between the age of five and 11. As the trend of transforming into smart hospitals is growing heavily due to the rising demand for public hospitals in 2020, the healthcare service providers face challenges in meeting the needs of local and foreign patients looking for state-of-the-art health solutions. Medical applications for the healthcare industry. According to the International Healthcare Research Center (IHRC), medical tourism is likely to grow 14% annually, aligning with the yearly 12% growth of international tourist arrivals in Thailand. . Reconsider travel to Thailand due to COVID-19.Read the entire Travel Advisory. The market has grown at a consistently rapid rate in the past five years, and in 2019, the market reached RMB 7.82 trillion (US$1.1 trillion), an increase of 10 percent when compared to that from the previous year. Thailand's Healthcare Budget for 2023 . The Control of Marketing Promotion of Infant and Young Child Food Act B.E. Thai healthcare is so good that numerous non-Thai citizens come from Europe, America, and other parts of Asia to receive medical treatment in Thailand. These include the broad competitive environment (e.g. The NOxBOXi delivery device provides intelligent nitric oxide delivery with precise . Thailand healthcare, pharma and devices analysis, data forecasts from The EIU to support industry executives' decision-making Popular healthcare services among medical tourists include cosmetic surgery, dentistry, cardiovascular disease services, and orthopedic services. Health expenditures as a share of GDP (gross domestic product) are similar—4.4% for Thailand and 4.1% for India. Deliberate policies increased domestic training capacities for all cadres of health personnel and distributed them to rural and underserved areas. The government, in its attempt to open the sector more to . December, 14 2021. According to a Bangkok Post report, the TCC has called on the Thai Industrial Standards Institute to mandate the same safety standards for . For starters, we've seen cannabis used in traditional Thai medicine manuals and, of course, food. Head of Pharmaceuticals & Healthcare Analysis. Healthcare in Thailand is overseen by the Ministry of Public Health (MOPH), along with several other non-ministerial government agencies. Indonesia's healthcare industry is a lucrative investment opportunity for foreign investors as the growth of its middle-class and the introduction of universal healthcare has driven demand in almost all aspects of the industry from hospitals to pharmaceuticals to medical devices. Study 4: Business Start-up Survey for the Healthcare Industry in Thailand Nopadol Rompho, Sakun oon-Itt, and Sukrit Vinayavekhin 1. Thailand is among the first in Asia to have hospitals that have acquired the Joint Commission . The growing geriatric population and rising incidence of target diseases, such as dementia and Alzheimer's, as well as orthopedic diseases are factors expected to fuel the market growth The Thailand foodservice market is poised to grow at a CAGR of 4.19% by 2026. Get the latest trends and understand the impact of the crisis on the market. Prior to Fitch Solutions, he worked for biotechnology firms in Cambridge Science Park and . According to Thailand's Food and Drug Administration, the country's medical devices industry was valued at US$6 billion in 2019 and over 80 percent of local production is exported. Thailand's large healthcare industry is supported by more than 1,000 public and 300 private hospitals. Prior studies have failed to deal with the valid attributes and to present a theoretical hierarchical structure. In Thailand, for example, guided by the Ministry of Public Health's 2016-25 strategic plan entitled 'Thailand: A Hub of Wellness and Medical Services', stakeholders have been working to cement the country's position as a regional leader in medical tourism. Roshel Jayasundera of Axios International, anInternational firm who is focusing on the emerging market including Asia, Africa, Europe, Latin America and Middle East, discussed current healthcare trends in Thailand and Southeast Asia, as well as how Thailand is recovering from the Covid-19 outbreak, in this article. Thailand's network of public hospitals provide universal healthcare to all Thai nationals through three government schemes. To help ease the burden, there are investment vehicles like ETFs and healthcare . Introduction It is estimated that the ratio of the world's working-age population aged over 50 years will increase from 20% to 30% by 2050 (Irving et al., 2018). Since 1975, targeted insurance schemes for different population . Image: World Bank Government input to the UCS has increased steadily since its introduction, with per capita spending on healthcare overall in the country sitting at $217 per person in 2015 versus $62 back in 2000. Thailand has so far administered at least one dose of a Covid-19 vaccine to 1.94 million people, including healthcare and frontline workers, using AstraZeneca and Sinovac vaccines. Don't forget: the informal industry has been around since our ancestors' time, and cannabis can arguably be considered a part of Thailand's cultural heritage. The challenges faced in Thailand are no different. Thailand's healthcare spending is estimated to rise by 8.0 percent a year in 2014-2018 to reach $18.7 billion, up from an estimated $12.8 billion in 2013. Starting from $468 / Year It urges. According to the International Healthcare Research Center (IHRC), medical tourism is likely to grow 14% annually, aligning with the yearly 12% growth of international tourist arrivals in Thailand. The challenges of Thailand's public healthcare system Hailed as having one of the most efficient and successful healthcare models in Southeast Asia, Thailand is home to thousands of public and private medical facilities and is recognized as a global destination for medical tourism. Leverage the multiple digital channels Medlab Asia & Asia Health have to offer in 2021, allowing you to connect with the healthcare & laboratory community from the Southeast Asian region that attend each and every year. The Life Sciences and Health Care industry group strives to support clients in addressing the challenges that impact today's industry. Thailand's healthcare industry is a priority sector for investment as part of the government's Thailand 4.0 policy. Albumin Testing in 90 Countries—Five-Year Volume and Sales Forecasts, Supplier Sales and Shares, Competitive Analysis, Diagnostic Assays and Instrumentation $ 3850 . This dossier provides statistical data on the health industry in Thailand with figures on the state of health, the care and support system as well as the pharmaceutical market. Thailand's healthcare industry is a priority sector for investment as part of the government's Thailand 4.0 policy. Healthcare. both policy makers and i mplementers to realize national health. Thailand's healthcare spending is almost four times as high as it was in 2000. Thailand 4.0 and the healthcare industry Thailand 4.0 encourages the development of technology in several industries. EABC is supportive of enhancement of the . Provides jobs for 4.5mn people directly or indirectly. All Thai citizens enjoy universal healthcare coverage through the Universal Coverage Scheme (UCS). trends in trade and the global economy, structural changes . Thailand on Tuesday ordered an additional 30 million doses of Pfizer-BioNTech's , COVID-19 vaccine, government spokesman Thanakorn Wangboonkongchana said, with delivery expected to begin in the . Report talks about growth, market trends, progress, challenges, opportunities, government regulations, growth forecast, major companies, upcoming companies and projects etc. Social assistance schemes are fragmented, with untapped opportunities to modernize the level of benefits packages and efficiency. The number of incoming tourists with the purpose of obtaining healthcare from Thailand is increasing rapidly with a growth rate of around 18%. In 2019, approximately 3.5 million medical tourists visited Thailand. The firm also expects that healthcare spending will reach US$23 billion . . of 113.2 million healthcare-related records were stolen, which remains the highest number of stolen data from a breach in the healthcare industry so far.1 That year, however, was not the only time healthcare institutions were targeted. The rapid ageing of Thailand's Medical Device Management Services. This industry has experienced an unprecedented growth over the past several years due to an up-gradation and innovation in technology and growth in the emerging markets. The Ministry of Public Health have create a roadmap as guideline toward making Thailand the medical Hub of ASEAN within 2025. In Thailand, Japanese restaurants are highly preferred by the consumers, followed by Italian, Chinese, American, and Vietnamese restaurants In 2019, Vietnam's healthcare expenditure was approximately US$17 billion, equivalent to 6.6 percent of its GDP according to Fitch Solutions. The ageing population points to a growing domestic market that will need more medical and healthcare treatment. The Growth of the Space-Based Broadband Internet Market. Based in London, Beau specializes in the data-driven analysis of companies and developments within the pharmaceutical industry, including insight into topics such as pricing, reimbursement and market access. Search for contacts or accounts by industry, job title, company size, and so much more. The aging population, which is projected to reach 17 million people by 2040, as well as the rising rates of non-communicable diseases are driving the . These costs are expected to rise to USD 30 billion by 2020. GC Pharma, South Korea's largest publicly traded biopharmaceutical industry assigned Green Cross Genome Corporation (GC Genome), the leading genomic diagnostic company, to expand its clinical genetic testing sector in Thailand and Southeast Asia. Korean, Thai, French, German, etc. Chang-Seok Ki, MD, PhD, Representative Director of GC Genome and Mr. Tathas Sutthinoon, CEO of Touchpoint Group (TPG), a sustainability consultancy . December, 9 2021. 2560 (the Act) was implemented in Thailand in 2017, but there have been no studies documenting CPA during its policy processes. Follow and . 6. Since July 2008 Sodexo Thailand has started offering its healthcare clients Medical Device Management services which has helped hospitals manage preventive and corrective maintenance of all medical equipment as well as create an inventory and track the location of all medical equipment within the hospital. Most face masks on sale in Thailand do not meet industry quality standards. Share; Print; Inhaled Nitric Oxide Therapy Noxivent (nitric oxide) gas, for inhalation is a prescription drug available to healthcare professionals trained in the administration of inhaled nitric oxide therapy. The study identifies the situation of Thailand and predicts the growth of its Health & Medical Insurance Industry. Gain access to the best database of targeted leads from Healthcare companies in Thailand. Thailand's healthcare system continues to struggle to meet demand following the 2001 introduction of a universal healthcare system. This exercise in revisiting one's supply chain in light of the COVID-19 pandemic and emerging industry . In this year's Top health industry issues report, PwC's Health Research Institute (HRI) examines how the healthcare industry is expected to face the uncertainty of 2021, building resilience for long-term survival by developing its own forecasting systems, reshaping business portfolios post-pandemic for financial stability and growth and creating a more nimble, modern supply chain. However, outcomes vary widely: In Thailand, the under 5 years' age mortality is . Ranked sixth globally on the Global Health. Seamless patient flow has been one of the most popular investment areas for public hospitals in Thailand. Your risk of contracting COVID-19 and developing . Search Healthcare Companies in Thailand Lead Generation and Sales Prospecting Made Easy ZoomInfo is the premier lead generation company. Thailand Medical Cannabis Market: Industry Trends, Share, Size, Growth . Thailand has more than 450 private hospitals and this number is expected to grow exponentially in the coming years. Medical tourism in Thailand accounts for 10% of the Thai economy. Full-service restaurants have a significant share in the restaurant industry. The ninth edition of MEDICAL FAIR THAILAND 2019 opened, on 11 Sep 2019, by Dr Prapon Tangsrikeartikul, Deputy Permanent Secretary, Ministry of Public Health, at BITEC, with a clear focus on addressing the region's healthcare challenges and objectives as outlined by the Thai government and industry experts. 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