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

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.

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.

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Ken Research is a Market Research and Consulting Firm, based out of India, Indonesia and UAE. Since 2011, we have been assisting clients globally with our Syndicate and Bespoke Market Research and Advisory Services.

This release was published on openPR.