Thailand Artificial Intelligence (AI) in Diagnostics Market Analysis

Thailand Artificial Intelligence (AI) in Diagnostics Market Analysis

$ 3999

Thailand's Artificial Intelligence (AI) in the diagnostics market is projected to grow from $xx Bn in 2022 to $xx Bn by 2030, registering a CAGR of xx% during the forecast period of 2022-30. The market will be driven by a rise in chronic illnesses and increasing investment by the government. The market is segmented by component & by diagnosis. Some of the major players include IBM Watson Health, Siemens Healthineers & Philips Healthcare.

ID: IN10THDH002 CATEGORY: Digital Health GEOGRAPHY: Thailand AUTHOR: Vidhi Upadhyay

Buy Now

Thailand Artificial Intelligence (AI) in Diagnostics Market Executive Summary

Thailand's Artificial Intelligence (AI) in the diagnostics market is projected to grow from $xx Bn in 2022 to $xx Bn by 2030, registering a CAGR of xx% during the forecast period of 2022-30. Thailand has high-quality healthcare, and treatment can be both better and less expensive than in certain Western nations. The bulk of medical facilities is concentrated in metropolitan cities, particularly Bangkok. According to the WHO statistics published in 2020, the number of Coronary Heart Disease fatalities in Thailand reached 51,305, accounting for 11.53% of all fatalities.

AI would allow healthcare providers to evaluate huge volumes of data, such as medical imaging, test results, and patient history, to make more educated and accurate diagnoses. It might be used to detect cancer, triage critical medical imaging findings, flag acute anomalies, help radiologists prioritise life-threatening patients, diagnose cardiac arrhythmias, predict stroke outcomes, and aid in chronic disease management.

Chulalongkorn University and Siriraj Hospital have created an AI-powered diagnostics tool that can aid radiologists spot lung cancer early. Deep learning algorithms are used to analyse CT images and detect early symptoms of lung cancer. Ramathibodi Hospital has collaborated with VUNO, a Korean AI firm, to create an AI-powered diagnostic tool to help radiologists detect cerebral haemorrhages. Bumrungrad International Hospital has collaborated with Microsoft to create an AI-powered diagnostic tool to help clinicians spot cervical cancer early.

Market Dynamics

Market Growth Drivers

The Ministry of Digital Economy and Society (MDES) has undertaken a number of programmes to help Thailand develop AI technology, particularly those used in healthcare. Thailand, like many other nations in the area, is witnessing an ageing population and a rise in chronic illnesses. This has resulted in an increase in demand for healthcare services, as well as the use of AI diagnostics to enhance patient outcomes. Thailand has a thriving startup environment, notably in the healthcare industry, which offers prospects for the development of novel AI diagnostic solutions. Some firms are working on AI-powered diagnostic tools to help healthcare practitioners make diagnoses.

Market Restraints

Thailand's regulatory framework for AI diagnostics is still in its early stages, which might cause uncertainty for businesses and health professionals. Data privacy and security concerns might make it difficult for organisations to acquire and use patient data for the development of AI diagnostic tools. The use of AI in diagnostics demands a staff that is skilled and prepared to use these technologies. This can be difficult in a nation like Thailand, where experienced personnel in the healthcare field may be in scarce.

Competitive Landscape

Key Players

  • IBM Watson Health
  • Siemens Healthineers
  • Philips Healthcare
  • GE Healthcare
  • Google Health
  • AliveCor, Inc.
  • Riverain Technologies
  • Niramai

Notable Deals

February 2023, GE HealthCare to Acquire Caption Health The acquisition adds AI-enabled image guiding to the ultrasound device portfolios of GE HealthCare's $3 billion Ultrasound division

Healthcare Policies and Regulatory Landscape

The Thai Food and Drug Administration (Thai FDA) regulates medicines, biologics, and medical devices in Thailand, which is overseen by the Ministry of Public Health (MOPH). The Thai FDA's Medical Device Control Division is the primary regulatory authority in charge of medical device pre- and post-marketing in the Country. The risk classification system outlined in the ASEAN Medical Device Directive (AMDD) went into effect on February 15, 2021, resulting in substantial modifications to Thailand's classification scheme and registration for medical devices. The Medical Device Act divides medical devices into three categories based on the amount of danger they pose to individuals and the wider public.

Reimbursement Scenario

The Social Security System (SSS) is overseen by the Social Security Office and funded by a three-way split of government, employer, and employee payments. It applies to employees as well as employers that have one or more employees.

The Social Security Office administers The Civil Servant Medical Benefit Scheme (CSMBS), which offers health care benefits to government personnel and their relatives (spouse, parents, and up to three children).

The MOPH administers the Universal Health Coverage Plan (UCS), which covers the remaining population not covered by the SSS or the CSMBS.

1. Executive Summary
1.1 Digital Health Overview
1.2 Global Scenario
1.3 Country Overview
1.4 Healthcare Scenario in Country
1.5 Digital Health Policy in Country
1.6 Recent Developments in the Country

2. Market Size and Forecasting
2.1 Market Size (With Excel and Methodology)
2.2 Market Segmentation (Check all Segments in Segmentation Section)

3. Market Dynamics
3.1 Market Drivers
3.2 Market Restraints

4. Competitive Landscape
4.1 Major Market Share

4.2 Key Company Profile (Check all Companies in the Summary Section)

4.2.1 Company Overview Product Applications and Services Recent Developments Partnerships Ecosystem Financials (Based on Availability)

5. Reimbursement Scenario
5.1 Reimbursement Regulation
5.2 Reimbursement Process for Diagnosis
5.3 Reimbursement Process for Treatment

6. Methodology and Scope

Artificial Intelligence (AI) in Diagnostics Market Segmentation

  • By Component Outlook Type (Revenue, USD Billion):
    • Software
    • Hardware
    • Services
  • By Diagnosis Outlook Type (Revenue, USD Billion):
    • Cardiology
    • Oncology
    • Pathology 
    • Radiology
    • Chest and Lung
    • Neurology
    • Others

Insights10 will provide you with the reports within 10 key parameters which are:

  1. Market Overview
  2. Market Growth Drivers & Restraints
  3. Epidemiology of Disease Type
  4. Market Segmentation
  5. Market Share
  6. Competitive Landscape
  7. Key Company Profiles
  8. Healthcare Policies & Regulatory Framework
  9. Reimbursement Scenario
  10. Factors Driving Future Growth

Based on our many years of experience, we believe that these are the parameters that are critical to decision-making for business stakeholders. Our focused approach to developing reports focused on 10 key parameters, enabled us to arrive at the name “Insights10”.


Stage I: Market Data Collection

Primary Interviews: We have developed a network of experts, freelancers, and researchers across countries through which we engage with local experts to gather key data points and assumptions about each market. We also engage regularly with some of the best market research agencies such as Atheneum, GuidePoint, GLG, etc. to conduct surveys and interviews, and build intelligence. We have language translators as a part of our team, who between them can cover 30+ languages allowing us to extract better local insights.

Secondary Data Collection: We have developed strong expertise and experience in secondary data collection methods for developing unique data sets and research material. We gather data from multiple reliable sources to maintain a high level of accuracy and consistency. The market data is analyzed and forecasted using appropriate statistical and coherent models. The report offers an overall analysis of the market size, growth, and market share as well as a segment-level analysis of the specific market. Our report includes precise, to-the-point information related to the overall market, competition, growth drivers, challenges, regulatory updates, and competition.

Data Sources: We have access to multiple highly reliable free and subscription data sources. We have many years of experience to understand which sources are more dependable for what and which to prefer for the reliable and latest information. The key sources of information include the following, but are not limited to:



Stage II: Market Data Analysis and Statistical Model

Market Trends: We generally look at macro parameters and micro indicators. The macro parameters include changes in government policies, demand and supply of the market, government intervention programs, and major market share. The micro indicators are GDP growth, market size, market volume, etc. We also understand nuances specific to each country like the US, Canada, India, Germany, etc., and have worked across 60+ countries and hence not only understand global trends but how these differ by country, how payment models, market structure, cultural parameters, etc. differ in each country.

Market Sizing and Analysis: Our expert data analytics team has created various market forecast models by employing the top-down approach i.e. starting with the large overall market and segmenting different areas and the bottom-up approach i.e. starting with population and epidemiology and rolling up based on spend, etc., estimating the size of the market, and distributing among the geographic and/or product segments.

The top-down approach is mainly used for new product forecasting and the bottom-up approach is used for demand estimation of any product for different countries summed up to form the total market. We are able to round off insights and build stronger forecasts because we always do both these methods and triangulate the final numbers.

The study on the market covers the analysis of the leading geographies such as Asia-Pacific, Africa, Europe, Middle East, North America, and  Latin America for the period of 2022 to 2030. The qualitative analysis covers the industry landscape and trends, market opportunities, competitive landscape, and policy and regulatory scenario, and the quantitative analysis covers different market estimates and forecasts.

Data Triangulation & Validation:

Data triangulation of various sources and results of the research are carried out by benchmarking with reliable sources such as industry statistics, statistical databases, and company-level averages, etc.

We make sure to finalize the numbers in alignment with the market research. Firstly, our internal experts ensure thorough validation and checking to ensure accurate and precise analysis and then validation is also done using a multiple-data analysis model. Two-level validation is done and entails the finalization of the report scope and the way of representation pattern.



Stage III: Interpretation and Presentation

Analysis & Interpretation: The information gathered is then analyzed and synthesized. The second series of interviews are done if necessary to check and validate. The future opportunities are analyzed by understanding product commercialization and many other factors. It also comprises the analysis of data discrepancies observed across various data sources. Information procured from secondary and primary results is then, interpreted by considering the following parameters: (a partial list)

  • Establishing market drivers and trends
  • Analyzing the regulatory landscape to understand future growth
  • Market Segment based analysis to obtain revenue/volume
  • ​Analyzing current needs and determining penetration to estimate the market

Insights: Our reports deliver actionable insights backed with supporting facts and figures to assist you in achieving exemplary growth. Our in-depth analyses are interspersed with relevant insights and statistics to offer an executive-level view of a given market. The description helps in correlating many minor factors affecting the market and their impact on the different segments within the market.

Data curated from the analysis and interpretation are drawn to portray all in one consolidated report.

Presentation & Reporting: The market research report is presented in different forms such as charts by using a scientific approach for easy understanding. Historic, current, and future analysis is provided for each market in terms of both value and volume. The size of the market is interpreted in the US Dollar value and the respective unit, based on the product, for volume consumption.

The foreign exchange rates are calculated on the respective dates and for the respective regions covered in the study.

To request a free sample copy of this report, please complete the form below.

We value your inquiry and offer free customization with every report to fulfil your exact research needs.

This report addresses

  • Intelligent insights to take informed business decisions
  • Qualitative, acute and result oriented market analysis
  • Market size and forecasts from 2022 to 2030
  • Opportunities for expansion and in-depth market analysis
  • Segmentation and regional revenue forecasts
  • Analysis of the market share and competitive landscape
  • Strategic Recommendations to chart future course of action
  • Comprehensive Market Research Report in PDF and PPT formats

Need more?

  • Ask our analyst how this study was put together to learn more
  • Discuss additional requirements as part of the free customisation
  • Add more countries or regions to the scope 
  • Get answers to specific business questions 
  • Develop the business case to launch the product
  • Find out how this report may influence your business revenue
Last updated on: 23 October 2023

Related reports (by category)

Related reports (by geography)

subscribe to our newsletter