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PUBLISHER: Grand View Research | PRODUCT CODE: 1446509
PUBLISHER: Grand View Research | PRODUCT CODE: 1446509
Thailand Telehealth Market Size, Share & Trends Analysis Report By Service Type, By Delivery Mode (Web-based, Cloud-based, On-premise), By Application, By Type, By End-use, And Segment Forecasts, 2024 - 2030
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Thailand Telehealth Market Growth & Trends:
The Thailand telehealth market size is anticipated to reach USD 9.51 billion by 2030, expanding at a CAGR of 29.1% during the forecast period, according to a new report by Grand View Research, Inc. The growing adoption of telehealth and digital healthcare, shortage of medical professionals, and rising demand for healthcare services contribute to the market growth. Moreover, an increase in the number of initiatives by market players in terms of technological advancements and a growing focus on telehealth technologies have led to increased funding in the digital health space. This is expected to impact the market positively. According to a report published by Galen Growth, a total of USD 11.64 million in venture capital funding was raised through 12 digital health deals from 2019 to 2024.
The demand for healthcare is growing in Thailand due to the rapidly aging population and rising prevalence of chronic diseases. According to the World Bank, the percentage of the population aged 65 and above was 15% in the region in 2022. The working population in the region is also rapidly growing. According to an article published in Trading Economics, the number of employed persons in Thailand rose to 40.09 million in Q3 of 2023, increasing from 39.68 million in Q2 of 2023. The average number of employed persons in Thailand from 1998 to 2023 was 36,244.09 thousand, reaching a record high of 40,091.33 thousand in the third quarter of 2023. This, in turn, is increasing demand for high-quality care. Thus, increasing healthcare needs along with a shortage of medical professionals is estimated to drive the telehealth market's growth in Thailand.
Moreover, insurance companies have partnered with telehealth platforms for free customer consultations. In September 2023, Doctor Anywhere (DA) partnered with Allianz Partners to provide complete telehealth services to the members of Allianz's international health in Thailand, Singapore, Malaysia, and the Philippines. In April 2020, insurance providers AIG and Cigna Singapore partnered with Doctor Anywhere to offer their policyholders a free COVID-19 Medical Advisory Clinic service. Through Medical Advisory Clinic, users can opt for video consultation using the Doctor Anywhere mobile app. In April 2020, AXA Asia introduced its free teleconsultation program in countries such as the Philippines, Thailand, and Indonesia for its insurance customers.
Thailand Telehealth Market Report Highlights:
- Real-time interactions dominated the service type segment with 45.0% of the market share in 2023, owing to the technological advancements in telehealth to provide services in rural areas for people seeking proper medical guidance for various health-related reasons
- The remote patient monitoring segment is expected to grow at the fastest CAGR over the forecast period, owing to its advantages, such asreal-time monitoring, improving patient engagement, detecting activity patterns, reducing errors, optimizing utilization management, reducing hospital readmissions, and cost reduction
- The web-based segment held the largest market share in 2023 as web-based servicesprovide access to the most remote areas using only one computer or monitoring device
- The cloud-based segment is expected to grow at the fastest CAGR during the forecast period, owing to the benefits associated with cloud technology, such as external web servers, remote access & authorization, information sharing across different stages of the value chain, and immediate detection of security threats & lapses
- Based on application, the diagnosis segment dominated the market in 2023, owing to the technological developments and government promoting the adoption of telehealth for diagnosis & treatment, especially for minor diseases
- The prevention segment is expected to grow at the fastest CAGR during the forecast period due to several initiatives by healthcare companies and government to control rapidly growing diseases
- Based on type, the tele-hospital segment dominated with the largest market share in 2023, owing to growing health consciousness, rising demand for quick, easy, & affordable care, and rising geriatric population
- The tele-home segment is expected to grow at the fastest CAGR during the forecast period, as it facilitates access to healthcare through specific applications & video consultations and enables communication between patients & doctors in remote locations, eliminating the need for visits to hospitals & clinics
- The providers segment in end-use dominated the market, as physicians are adopting telehealth rapidly due to their willingness to see patients over videos, physician shortage, and a high burnout rate
- The patients segment is expected to grow at the fastest CAGR for the forecast period, as telecare platforms enable patients to consult various doctors via audio, chat, and video calls
- In December 2023, Abyrx, Inc. Doctor Anywhere Pte Ltd.secured a USD 40.8 million Series C1 extension round with participation from investors such as Novo Holdings and Square Peg. This funding would be utilized for product innovation and meeting customer demands.
Product Code: GVR-4-68040-196-4
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Market Segmentation & Scope
- 1.2. Segment Definitions
- 1.2.1. Service type
- 1.2.2. Delivery mode
- 1.2.3. Application
- 1.2.4. Type
- 1.2.5. End-use
- 1.2.6. Regional scope
- 1.2.7. Estimates and forecasts timeline
- 1.3. Research Methodology
- 1.4. Information Procurement
- 1.4.1. Purchased database
- 1.4.2. GVR's internal database
- 1.4.3. Secondary sources
- 1.4.4. Primary research
- 1.4.5. Details of primary research
- 1.5. Information or Data Analysis
- 1.5.1. Data analysis models
- 1.6. Market Formulation & Validation
- 1.7. Model Details
- 1.7.1. Commodity flow analysis (Model 1)
- 1.7.2. Approach 1: Commodity flow approach
- 1.7.3. Volume price analysis (Model 2)
- 1.7.4. Approach 2: Volume price analysis
- 1.8. List of Secondary Sources
- 1.9. List of Primary Sources
- 1.10. Objectives
Chapter 2. Executive Summary
- 2.1. Market Outlook
- 2.2. Segment Outlook
- 2.2.1. Service type outlook
- 2.2.2. Delivery mode outlook
- 2.2.3. Application outlook
- 2.2.4. Type outlook
- 2.2.5. End-use outlook
- 2.3. Competitive Insights
Chapter 3. Thailand Telehealth Market Variables, Trends & Scope
- 3.1. Market Lineage Outlook
- 3.1.1. Parent market outlook
- 3.1.2. Related/ancillary market outlook
- 3.2. Market Dynamics
- 3.2.1. Market driver analysis
- 3.2.1.1. Increasing adoption of digital healthcare and telehealth
- 3.2.1.2. Shortage of medical professionals and increasing demand for healthcare
- 3.2.1.3. Supportive initiatives and increasing strategic alliances
- 3.2.1.4. High penetration of smartphones
- 3.2.2. Market restraint analysis
- 3.2.2.1. Cybersecurity and privacy concerns
- 3.2.2.2. Lack of healthcare infrastructure
- 3.2.1. Market driver analysis
- 3.3. Thailand Telehealth Market Analysis Tools
- 3.3.1. Industry Analysis - Porter's
- 3.3.1.1. Supplier power
- 3.3.1.2. Buyer power
- 3.3.1.3. Substitution threat
- 3.3.1.4. Threat of new entrant
- 3.3.1.5. Competitive rivalry
- 3.3.2. PESTEL Analysis
- 3.3.2.1. Political landscape
- 3.3.2.2. Technological landscape
- 3.3.2.3. Economic landscape
- 3.3.1. Industry Analysis - Porter's
Chapter 4. Thailand Telehealth Market: Service Type Estimates & Trend Analysis
- 4.1. Service Type Market Share, 2023 & 2030
- 4.2. Segment Dashboard
- 4.3. Thailand Telehealth Market by Service Type Outlook
- 4.4. Market Size & Forecasts and Trend Analyses, 2018 to 2030 for the following
- 4.4.1. Remote patient monitoring
- 4.4.1.1. Market estimates and forecasts 2018 to 2030 (USD Million)
- 4.4.2. Real-time interactions
- 4.4.2.1. Market estimates and forecasts 2018 to 2030 (USD Million)
- 4.4.3. Store and forward
- 4.4.3.1. Market estimates and forecasts 2018 to 2030 (USD Million)
- 4.4.4. Others
- 4.4.4.1. Market estimates and forecasts 2018 to 2030 (USD Million)
- 4.4.1. Remote patient monitoring
Chapter 5. Thailand Telehealth Market: Delivery Mode Estimates & Trend Analysis
- 5.1. Delivery Mode Market Share, 2023 & 2030
- 5.2. Segment Dashboard
- 5.3. Thailand Telehealth Market by Delivery Mode Outlook
- 5.4. Market Size & Forecasts and Trend Analyses, 2018 to 2030 for the following
- 5.4.1. Web-based
- 5.4.1.1. Market estimates and forecasts 2018 to 2030 (USD Million)
- 5.4.2. Cloud-based
- 5.4.2.1. Market estimates and forecasts 2018 to 2030 (USD Million)
- 5.4.3. On-premises
- 5.4.3.1. Market estimates and forecasts 2018 to 2030 (USD Million)
- 5.4.1. Web-based
Chapter 6. Thailand Telehealth Market: Application Estimates & Trend Analysis
- 6.1. Application Market Share, 2023 & 2030
- 6.2. Segment Dashboard
- 6.3. Thailand Telehealth Market by Application Outlook
- 6.4. Market Size & Forecasts and Trend Analyses, 2018 to 2030 for the following
- 6.4.1. Prevention
- 6.4.1.1. Market estimates and forecasts 2018 to 2030 (USD Million)
- 6.4.2. Examination
- 6.4.2.1. Market estimates and forecasts 2018 to 2030 (USD Million)
- 6.4.3. Diagnosis
- 6.4.3.1. Market estimates and forecasts 2018 to 2030 (USD Million)
- 6.4.1. Prevention
Chapter 7. Thailand Telehealth Market: Type Estimates & Trend Analysis
- 7.1. Material Market Share, 2023 & 2030
- 7.2. Segment Dashboard
- 7.3. Thailand Telehealth Market by Type Outlook
- 7.4. Market Size & Forecasts and Trend Analyses, 2018 to 2030 for the following
- 7.4.1. Tele-hospital
- 7.4.1.1. Market estimates and forecasts 2018 to 2030 (USD million)
- 7.4.2. Tele-home
- 7.4.2.1. Market estimates and forecasts 2018 to 2030 (USD Million)
- 7.4.1. Tele-hospital
Chapter 8. Thailand Telehealth Market: End-use Estimates & Trend Analysis
- 8.1. End-use Market Share, 2023 & 2030
- 8.2. Segment Dashboard
- 8.3. Thailand Telehealth Market by End-use Outlook
- 8.4. Market Size & Forecasts and Trend Analyses, 2018 to 2030 for the following
- 8.4.1. Providers
- 8.4.1.1. Market estimates and forecasts 2018 to 2030 (USD million)
- 8.4.2. Payers
- 8.4.2.1. Market estimates and forecasts 2018 to 2030 (USD Million)
- 8.4.3. Patients
- 8.4.3.1. Market estimates and forecasts 2018 to 2030 (USD Million)
- 8.4.4. Others
- 8.4.4.1. Market estimates and forecasts 2018 to 2030 (USD Million)
- 8.4.1. Providers
Chapter 9. Competitive Landscape
- 9.1. Recent Developments & Impact Analysis, By Key Market Participants
- 9.2. Company/Competition Categorization
- 9.3. Vendor Landscape
- 9.3.1. Key company market share analysis, 2023
- 9.3.2. Halodoc
- 9.3.2.1. Company overview
- 9.3.2.2. Financial performance
- 9.3.2.3. Product benchmarking
- 9.3.2.4. Strategic initiatives
- 9.3.3. MyDoc Pte. Ltd.
- 9.3.3.1. Company overview
- 9.3.3.2. Financial performance
- 9.3.3.3. Product benchmarking
- 9.3.3.4. Strategic initiatives
- 9.3.4. Ooca
- 9.3.4.1. Company overview
- 9.3.4.2. Financial performance
- 9.3.4.3. Product benchmarking
- 9.3.4.4. Strategic initiatives
- 9.3.5. Doctor Anywhere Pte Ltd.
- 9.3.5.1. Company overview
- 9.3.5.2. Financial performance
- 9.3.5.3. Product benchmarking
- 9.3.5.4. Strategic initiatives
- 9.3.6. DoctorOnCall
- 9.3.6.1. Company overview
- 9.3.6.2. Financial performance
- 9.3.6.3. Product benchmarking
- 9.3.6.4. Strategic initiatives
- 9.3.7. HonestDocs
- 9.3.7.1. Company overview
- 9.3.7.2. Financial performance
- 9.3.7.3. Product benchmarking
- 9.3.7.4. Strategic initiatives
- 9.3.8. MorDee Application (True Digital Group Co., Ltd.)
- 9.3.8.1. Company overview
- 9.3.8.2. Financial performance
- 9.3.8.3. Product benchmarking
- 9.3.8.4. Strategic initiatives
Product Code: GVR-4-68040-196-4
List of Tables
- Table 1 List of abbreviation
- Table 2 Thailand telehealth market, by service type, 2018 - 2030 (USD Million)
- Table 3 Thailand telehealth market, by delivery mode, 2018 - 2030 (USD Million)
- Table 4 Thailand telehealth market, by application, 2018 - 2030 (USD Million)
- Table 5 Thailand telehealth market, by type, 2018 - 2030 (USD Million)
- Table 6 Thailand telehealth market, by end-use, 2018 - 2030 (USD Million)
List of Figures
- Fig. 1 Market research process
- Fig. 2 Data triangulation techniques
- Fig. 3 Primary research pattern
- Fig. 4 Market research approaches
- Fig. 5 Value-chain-based sizing & forecasting
- Fig. 6 QFD modeling for market share assessment
- Fig. 7 Market formulation & validation
- Fig. 8 Thailand telehealth market: market outlook
- Fig. 9 Thailand telehealth competitive insights
- Fig. 10 Parent market outlook
- Fig. 11 Related/ancillary market outlook
- Fig. 12 Thailand telehealth market driver impact
- Fig. 13 Thailand telehealth market restraint impact
- Fig. 14 Thailand telehealth market: Service type movement analysis
- Fig. 15 Thailand telehealth market: Service type outlook and key takeaways
- Fig. 16 Remote patient monitoring market estimates and forecast, 2018 - 2030
- Fig. 17 Real-time interactions market estimates and forecast, 2018 - 2030
- Fig. 18 Store and forward market estimates and forecast, 2018 - 2030
- Fig. 19 Others market estimates and forecast, 2018 - 2030
- Fig. 20 Thailand telehealth Market: Delivery mode movement Analysis
- Fig. 21 Thailand telehealth market: Delivery mode outlook and key takeaways
- Fig. 22 Web-based market estimates and forecasts, 2018 - 2030
- Fig. 23 Cloud-based market estimates and forecasts, 2018 - 2030
- Fig. 24 On-premises market estimates and forecasts, 2018 - 2030
- Fig. 25 Thailand telehealth market: Application movement analysis
- Fig. 26 Thailand telehealth market: Application outlook and key takeaways
- Fig. 27 Prevention market estimates and forecasts, 2018 - 2030
- Fig. 28 Examination market estimates and forecasts, 2018 - 2030
- Fig. 29 Diagnosis market estimates and forecasts, 2018 - 2030
- Fig. 30 Thailand telehealth market: Type movement analysis
- Fig. 31 Thailand telehealth market: Type outlook and key takeaways
- Fig. 32 Tele-hospital market estimates and forecasts, 2018 - 2030
- Fig. 33 Tele-home market estimates and forecasts, 2018 - 2030
- Fig. 34 Thailand telehealth market: End-use movement analysis
- Fig. 35 Thailand telehealth market: End-use outlook and key takeaways
- Fig. 36 Providers market estimates and forecasts, 2018 - 2030
- Fig. 37 Payers market estimates and forecasts, 2018 - 2030
- Fig. 38 Patients market estimates and forecasts, 2018 - 2030
- Fig. 39 Others market estimates and forecasts, 2018 - 2030
- Fig. 40 Thailand telehealth market share and leading players
- Fig. 41 Thailand
- Fig. 42 Thailand market estimates and forecasts, 2018 - 2030
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