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.