Thailand Clinical Laboratory Industry Has Evolved Over the Years and Has Become a Critical Solution Provider: Ken Research

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.

learn more about the report @ https://www.kenresearch.com/healthcare/general-healthcare/thailand-clinical-laboratory-market-outlook-to-2026/596223-91.html

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

Request for a Free Sample Report @ https://www.kenresearch.com/sample-report.php?Frmdetails=NTk2MjIz

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

For more details @ https://www.kenresearch.com/healthcare/general-healthcare/thailand-clinical-laboratory-market-outlook-to-2026/596223-91.html

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:

https://www.kenresearch.com/healthcare/general-healthcare/thailand-clinical-laboratory-market-outlook-to-2026/596223-91.html

Related Reports

https://www.kenresearch.com/healthcare/general-healthcare/philippines-clinical-laboratory-market-outlook-to-2027/596188-91.html

https://www.kenresearch.com/healthcare/diagnostics/indonesia-clinical-laboratory-market-outlook-to-2026/524049-91.html

https://www.kenresearch.com/healthcare/diagnostics/vietnam-diagnostic-lab-market/143767-91.html

Ken Research Pvt. Ltd.,
Unit 14, Tower B3, Spaze I Tech Business Park, Sohna Road, sector 49 Gurgaon, Haryana - 122001, India

Ken Research is a research based management consulting company. We provide strategic consultancy to aid clients on critical business perspective: strategy, marketing, organization, operations and technology transformation, advanced analytics, corporate finance, mergers & acquisitions and sustainability across all industries and geographies. We provide business intelligence and operational advisory across 300+ verticals underscoring disruptive technologies, emerging business models with precedent analysis and success case studies. Some of top consulting companies and Market leaders seek our intelligence to identify new revenue streams, customer/ vendor paradigm and pain points and due diligence on competition.

This release was published on openPR.