Showing posts with label Thailand Ophthalmology Market. Show all posts
Showing posts with label Thailand Ophthalmology Market. Show all posts

Thursday, May 25, 2023

Which key factors in Thailand Ophthalmology Market can help it to cross a revenue of more than THB 10 Th by 2025? : Ken Research

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Eye Consultations and Eye Surgeries are expected to grow at a CAGR of about 4% and 3% respectively by 2025, as per a report by Ken Research

1. Key Eye Ailment Trends in Thailand- gauging the depth of diseases.

Challenges Faced by Ophthalmology Industry in Other Countries

Cataract is more common in rural regions and remote districts, with a prevalence rate of 70-80% who require treatment vs a 20-30% rate in cities and towns; difficulty of getting proper treatment in rural areas, hesitancy to travel & a fear of treatment account for the same.

Lens disorder was the major cause of admission amongst working-age people, followed by conjunctivitis, keratitis, retinal detachment /breaks and glaucoma.

2. Government Initiatives to Promote Superior Eye-Care in Thailand- Democratizing Eye Care & Mitigating Cataract, at the centre of the Thai Government’s Mind-set

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  • The country offers a Cataract Surgery coverage through its Universal Health Coverage Scheme, to the tune of 96%.
  • The NHSO (National Health Security Office) sanctioned 120,00 state-sponsored operations for Cataract in the year 2019.
  • Thailand has included eye care in its Universal Coverage Scheme (primary social health insurance program in the country), which covers ~75% of the country’s population.
  • Preventive program providing training courses on ophthalmology for physicians at state hospitals & health centers, launched by NHSO in 2019; training jointly hosted by NHSO & Royal College of Ophthalmologists, Thailand.

3. Multi-Specialty Hospital is dominating the Eye Care Treatment in Thailand.

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  • Medical tourism popularity of Thailand, surgery-specialized ophthalmologists in hospitals, brand goodwill & specialized equipment of hospitals help Multi-Specialty Hospitals lead ophthalmic surgeries in Thailand.
  • Single-Specialty Hospitals is contributing around 25% to consultation revenues in Thailand in 2020, while Multi-Specialty Hospitals lead and make up the rest 75% .
  • Higher no. of clinics, higher average consultation price, better trustability and qualifications of ophthalmologists all contributing to higher share of Multi-Specialty hospitals in Consultation revenues.

Friday, July 15, 2022

Rise in Prices of Consultations and Surgeries, Proliferation of relatively new Eye Ailments and Advanced Treatment Technologies will lead to Ophthalmology Growth in Thailand: Ken Research

May 2021|Thailand News

Key Findings

  • The COVID-19 situation in Thailand led to patients postponing non-necessary ophthalmic surgical operations and not going for regular eye consultations, due to a risk of contracting the virus and getting infected.
  • Organizations and public enterprises have increased their investment in information security systems on the back of increased awareness towards the importance of data security. Companies are also expected to increase the appointment of IT professionals in dedicated cybersecurity roles.
  • Frequent cloud migration is also expected to improve the demand for services such as Cloud Security, as organizations look to secure their servers and databases.

Thailand Ophthalmology Market Future Outlook

Proliferation of Eye Strain and Refractive Error: A high screen time among the Thai population makes it, especially the youth in the country, highly prone to ailments such as eye strain, which causes refractive error. A corresponding rise can be said to be expected in refractive error correction surgeries, particularly LASIK in the future.

Rise of Paediatric Ophthalmology: Multi-Specialty Hospitals having eye clinics and single-specialty eye hospitals have been increasingly focusing on developing separate eye clinics for children in form of paediatric ophthalmology centres. The same is due to the increasing cases of eye ailments among children, such as refractive error, stye and eye strain. The trend of paediatric ophthalmology is expected to continue in the future as well.

Single-Specialty Eye Hospitals and Clinics Expected to Grow: The future is expected to bring about a stress on specialized eye care and surgical treatments, with a certain level of trust accumulating among patients with neighbourhood ophthalmologists. Single-Specialty eye clinics are expected to grow regionally in the country, buoyed by the requirement for affordable, specialized and localized eye care.

Analysts at Ken Research in their latest publication “Thailand Ophthalmology Market Outlook to 2025 By Type of Consultation (Eye Strain/Aesthenopia, General Check-Up, Decreased/Reduced Vision, Allergic Reaction, Deformities of Eye/Eyelids), By Type of Surgery (Cataract, Refractive Error, Glaucoma, Retina Related Diseases and Others), By Region (Bangkok, Central, South, North-East and North) and By Type of Hospital (Single-Specialty and Multi-Specialty)observed that Thailand is expected to consolidate its comparatively stronger position in the Couth-East Asian region, as a hub for ophthalmological care. Promotion of its provinces as suitable medical tourism destinations would increase the inflow of tourists looking for affordable eye surgeries and also bolster the experience of the ophthalmological healthcare infrastructure in the country. Advanced treatment technologies, especially in the treatment of Cataract and Refractive Error, will also improve Thailand’s ophthalmology healthcare infrastructure. Market revenues are expected to register a CAGR of 4.9% during the period of 2020 to 2025.

Key Segments Covered

  • Type of Consultation (Eye Strain/Aesthenopia, General Check-Up, Decreased/Reduced Vision, Allergic Reaction, Deformities of Eye/Eyelids)
  • Type of Surgery (Cataract, Refractive Error, Glaucoma, Retina Related Diseases and Others)
  • By Region (Bangkok, Central, South, North-East and North)
  • Type of Hospital (Single-Specialty and Multi-Specialty

Hospitals and Clinics Covered

  • Rutnin Eye Hospital
  • TRSC International LASIK Center
  • Bumrungrad Hospital
  • Bangkok Hospital
  • Samitivej Hospital
  • Thonburi Hospital
  • Metta Pracharak Hospital
  • Vichaiyut Hospital
  • Thainakarin Hospital
  • Top Charoen Eye Center

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Key Target Audience

  • Single-Specialty Hospitals and Clinics
  • Multi-Specialty Hospitals
  • Ophthalmologists
  • Ophthalmology Associations
  • Medical Universities and Colleges
  • Health Ministry of Thailand

Time Period Captured in the Report:-

  • Historical Period: 2015-2020
  • Forecast Period: 2020-2025

Key Topics Covered in the Report

  • Thailand Ophthalmology Market Growth Strategy
  • Ophthalmology Healthcare Infrastructure in Thailand
  • Government Initiatives to Promote Superior Eye Care in Thailand
  • Revenue Sources for an Ophthalmology Facility
  • Ophthalmology Business & Operating Landscape of SEA Countries: Comparison with Thailand
  • Regional Analysis of Ophthalmology in Thailand
  • Common Eye Ailments & Surgeries in Thailand
  • Technological Innovations in the Ophthalmology Field in Thailand
  • Infrastructural & Ophthalmological Ecosystem Challenges & Solutions
  • Mapping the Impact of the Pandemic on Ophthalmology in Thailand
  • Investment Model for Setting up an Ophthalmology Clinic in Thailand
  • Competition Landscape
  • Projected Clinic Landscape for Ophthalmology in Thailand
  • Optimizing Existing Ophthalmological Healthcare in Thailand
  • Launching an Ophthalmology Facility in Thailand
  • Potential Risk Factors for New Entrants & Existing Players

Related Reports

Philippines Ophthalmology (Eye Centers, Clinics and Hospital Chains) Market Outlook to 2023 - Investment Potential by Region and by Ailment Type (Cataract Surgery, Glaucoma Surgery, Refractive Error Surgery, Other Retina Related Surgeries and Others), Lasik & Aesthetics Centers

Indonesia Ophthalmology Market Outlook to 2023 - By Ailment Type (Cataract, Myopia, Glaucoma, Conjunctivitis and Others) and by Regions (DKI Jakarta, West Java, Central Java, North Sumatra and Others)

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