Expanding healthcare spending by the Government, increasing healthcare spending by aging population and increasing public awareness led to the growth of the Clinical Laboratory Market in Thailand.
Thailand Clinical Laboratory Market Overview: The Clinical Laboratory Market in Thailand is currently at the growth stage and is a consolidated market. The market has been driven by growth in non-communicable disease and chronic diseases, increasing focus on preventive medicine, ageing population, increase in awareness levels, rising disposable income and preference for evidence based treatment. The Thailand Clinical Laboratory Market grew from 6.7% in 2017 to 12.3% in 2021 in terms of revenue generated, due to the growing demand for clinical laboratory services in the country.
Challenges Faced by Thailand Clinical Laboratory Market: In spite of the growing demand for diagnostic services, affordability remains a concern. Budget constraints from both public and private payers are pushing costs lower. The number of sample sales and test price are very competitive among both organized and unorganized businesses. Diagnostics facilities need to modify their technology frequently to maintain a competitive edge. However, these improvements not only require large construction expenditures but also raise maintenance expenses. This is essential, especially for smaller players with little resources. Lack of laboratory accountability for the services that they render, insufficient oversight of suppliers, consumables, supplies, and laboratory equipment in terms of price, commitments, and warranty support; are still very challenging issues.
Supportive Government Initiatives: Thailand’s reform places a heavy emphasis on improving a district health system that is pro-rural and pro-poor. To promote lab accreditation and restore consumer trust, the government has established national accreditation bodies such as the Thailand Laboratory Accreditation Program. The national accreditation program was established as a local alternative to make it affordable, feasible, scalable, sustainable, and effective. In 2008, Thailand’s Universal Coverage Scheme (UCS) was extended to include wider coverage. The UCS plan focuses on minorities and the poor and near-poor, with the aim of offering the most comprehensive coverage possible. It includes extensive outpatient and inpatient health care, as well as prevention and health promotion, in addition to basic hospital fees.
Analysts at Ken Research in their latest publication “Thailand Clinical Laboratory Market Outlook to 2026F- Driven by current shortage, widening customer base, Government initiatives and increasing corporate requirements for clinical testing” by Ken Research observed that Thailand Clinical Laboratory Market is in the growing phase. Increasing healthcare spending by aging population, expanding healthcare spending by the Government and increasing public awareness are some of the factors that will contribute to the Thailand Clinical Laboratory Market growth over the period of 2022F-2026F. It is expected that Thailand Clinical Laboratory Market will grow at a CAGR of 9.5% for the above forecasted period.
Key Segments Covered
Thailand Clinical Laboratory Market:
- By Independent Laboratory
- Organized Labs
- Unorganized Labs
- By Payer
- Private Health Insurance
- Corporates
- Out of Pocket
- By Customers
- Walk-Ins
- Doctor Referrals
- Corporate Clients
- Online Bookings
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- By Type of Tests
- Routine
- Esoteric
- Non-Laboratory
- By Type of Routine Tests
- CBC (Complete Blood Count)
- A1C
- Basic Metabolic Panel
- Others
- By Type of Esoteric Tests
- Infectious Disease
- Endocrine
- Allergic Disease
- Oncology
- Others
- By Region
- Bangkok
- Nakhon Ratchasima
- Samut Prakan
- Ubon Ratchathani
- Khon Kaen
- Others
- By Type of Laboratory in Private Hospitals
- In-house Labs
- Third Party Tie-Ups
Key Target Audience
- Clinical Laboratory companies
- Organized Clinical Laboratories
- Unorganized Clinical Laboratories
- Private Hospitals
- Private Equity and Venture Capitalist
- Industry Associations
- Technology providers
- Government Bodies & Regulating Authorities
Time Period Captured in the Report:
- Historical Period: 2016-2021
- Base Year: 2021
- Forecast Period: 2022F– 2026F
Companies Covered:
Organized Labs
- N Health
- Pathlab
- Thonburi Clinical Labs
- Bangkok Medical Labs
- BRIA Group
- MIC Labs
Unorganized Labs
- Medical Line Lab
- Innotech Laboratories
- Service Co., Ltd.Innolab
- Prolab
- Pattaya Clinic Laboratory
- CCS Medical laboratory
- Excellent Pathological
- Lab Company Limited
- DNA Testing Laboratory Co.,Ltd.
- Pathology Diagnostic Center
- Ubon Pathology
- Rachvipa MRI Company Limited
- hi-tech lab
- Bangkok Pathology-Lab
- Inter-Lab Pathology and Research Center
Key Topics Covered in the Report
- Thailand Clinical Laboratory Market Overview
- Thailand Healthcare Overview
- Ecosystem of Thailand Clinical Laboratory Market
- Thailand Clinical Laboratory Market Segmentation
- Industry Analysis of Thailand Clinical Laboratory Market
- Value Chain of Clinical Laboratory Market in Thailand
- Key Growth Drivers in Thailand Clinical Laboratory Market
- End User Analysis of Thailand Clinical Laboratory Market
- Key Challenges of Thailand Clinical Laboratory Market
- SWOT Analysis of Thailand Clinical Laboratory Industry
- Future Outlook of Thailand Clinical Laboratory Industry
- Trends and Development of Thailand Clinical Lab Market
- COVID-19 Impact on Clinical Laboratory Market in Thailand
For more information on the research report, refer to below link:
Thailand Clinical Laboratory Market Outlook to 2026F
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