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Classified in: Health, Covid-19 virus
Subject: MRR

Increasing public awareness as well as increase in healthcare spending by the Government is driving the Thailand Clinical Laboratory Market to reach USD ~6.0 Bn by 2026F: Ken Research


GURUGRAM, India, Jan. 31, 2023 /PRNewswire/ --

 Thailand Clinical Laboratory Market is in the growing stage, being driven by increasing healthcare spending by aging population, expanding healthcare spending by the Government, growth in non-communicable disease and chronic diseases and increasing public awareness.

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Growing Demand for Clinical Laboratory Services in Thailand: The introduction of Universal Health Coverage and other government-sponsored health-related initiatives is anticipated to boost demand for laboratory services. The growth of external referrals for private independent laboratories will be caused by the public hospitals sending samples to private independent laboratories for clinical testing. Players making investments to improve their testing skills, have embraced a number of cutting-edge technologies and tests made available on the worldwide market, notably specialised tests. Furthermore, it is anticipated that the main private independent laboratory chains will expand outside of important cities into less developed regions. This will also result in a rise in market share for clinical laboratories in Thailand.

Rising Disposable Income Resulting in Increasing Demand for Health Check-Ups: Rising personal disposable income of the people of Thailand has led to higher spending on healthcare services including clinical testing in the country. Furthermore, there has been an increase in middle to high income earners seeking preventive health check-ups. This has been resulting in the overall Clinical Laboratory Industry in Thailand to grow.

Growth in non-communicable disease and chronic diseases: There has been a shift in disease profile, thus changing the level of interaction between doctors and patients from episodic to rhythmic. Increasing incidence of communicable and non-communicable diseases, such as cardiovascular disease, cancer and diabetes, are expected to drive the Clinical Laboratory Market in Thailand.

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

By Payer

By Customers

By Type of Tests

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By Type of Routine Tests

By Type of Esoteric Tests

By Region

By Type of Laboratory in Private Hospitals

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Key Target Audience:-

Time Period Captured in the Report:-

Companies Covered:-

Organized Labs

Unorganized Labs

Key Topics Covered in the Report:-

For more insights on the market intelligence, refer to below link:-

Thailand Clinical Laboratory Market

Related Reports by Ken Research:-

Philippines Clinical Laboratory Market Outlook to 2027F - Driven by increasing awareness, widening customer base, digitalization and increasing corporate requirements for clinical testing

The industry in expected to grow at a Compounded Annual growth rate of 8.99% from 2022 to 2027F. The growth is expected to drive by increasing digital presence, expansion of laboratories to all the regions of Philippines, increasing healthcare budget by the government, more awareness among the people and rising standard of living among others.

Indonesia Clinical Laboratory Market Outlook to 2026F (Second Edition)- Driven by Current Shortage, Widening Customer Base and Increasing Corporate Requirements For Clinical Testing

Over the forecast period 2022-2026F, the Indonesia Clinical Lab Market Revenue is further anticipated to increase by year 2026F, thus showcasing a CAGR of 12.5%. It is expected that the implementation of JKN will increase the demand for laboratory services. This will lead the public hospitals to refer samples to private independent laboratories for clinical testing, resulting in the growth of external referrals for private independent laboratories. Players, Investing to increase its testing capabilities and has adopted several advanced tests and technologies introduced in the global market, particularly specialized tests. Further, the major private independent laboratories chains are expected to undergo geographic expansion beyond key cities into underdeveloped areas. This will further lead to increase in market share in the overall Indonesia clinical laboratory market.

Vietnam Clinical Laboratories Market Outlook to 2027F -Driven by Private Hospitals driving the future of Healthcare and Clinical Tests in Vietnam

According to Ken Research estimates, the Vietnam Clinical Laboratories Market expanded at a CAGR of 24.2% in between 2017 and 2022 on the basis of revenue generated. The market faced rapid growth in the year of 2020 owing to Covid and reflected high growth in 2022 too but the growth is expected to normalize in the coming years. Vietnam Clinical Laboratories Market is estimated to grow at a positive CAGR of 10.4% in between 2023E and 2027E. The Private Health Insurance market is set to grow in double digits which in turn would benefit Private Healthcare and boost the bottom-line.

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Ken Research Private Limited 
Ankur Gupta, Director Strategy and Growth
[email protected]
+91-9015378249

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SOURCE Ken Research


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