Thailand Neurology Clinical Trials Market Analysis

Thailand Neurology Clinical Trials Market Analysis

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The Thailand Neurology Clinical Trials market is projected to grow from $6.28 Mn in 2022 to $9.88 Mn by 2030, registering a CAGR of 5.84% during the forecast period of 2022 - 2030. The market will be driven by the country's favourable regulatory environment, big patient pool, and highly qualified medical professionals. The market is segmented by phase, by study design & by indication. Some of the major players include Novartis International AG, Pfizer Inc. & Siam Bioscience Co., Ltd.

ID: IN10THCT005 CATEGORY: Clinical Trials GEOGRAPHY: Thailand AUTHOR: Vidhi Upadhyay

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Thailand Neurology Clinical Trials Market Executive Summary

The Thailand Neurology Clinical Trials market is projected to grow from $6.28 Mn in 2022 to $9.88 Mn by 2030, registering a CAGR of 5.84% during the forecast period of 2022 - 2030. Thailand is rising as a clinical trial leader due to its world-class infrastructure, universal healthcare system, and supportive state regulations for the clinical research sector. According to a Deloitte Access Economics analysis, roughly USD 320 million was spent on Thai clinical trials in 2015, with Phase III research accounting for 75% of that amount. In Thailand, the incidence of dementia ranges from 1.8 to 10.2% in people aged 55 and above, while another research from Mahidol University found that dementia is only approximately 1% in those aged 60 to 69, but it rises to more than 30% in people aged 90 and more.

Thailand has a huge population of people suffering from neurological illnesses, providing a big patient pool for clinical studies. Stroke, epilepsy, and Parkinson's disease are among the most frequent neurological illnesses in Thailand. Numerous global pharmaceutical corporations and clinical research organisations, including Pfizer, Novartis, and GSK, have undertaken neurological clinical studies in Thailand. Moreover, some local companies and research institutes, such as Siriraj Hospital and Mahidol University in Thailand, are actively interested in neurology clinical trials. 

The Thai Food and Drug Administration (TFDA) has put in place laws and procedures to guarantee that clinical trials adhere to worldwide standards, which has helped to attract pharmaceutical businesses and researchers to the country. Thailand has also formed the National Science and Technology Development Agency (NSTDA) to promote and assist the country's research and development operations. Overall, the Thai neurology clinical trials market is likely to expand in the future years, owing to the country's favourable regulatory environment, big patient pool, and highly qualified medical professionals.

Thailand Neurology Clinical Trials Market

Market Dynamics

Market Growth Drivers

The Thai Food and Drug Administration (TFDA) has put in place laws and procedures to guarantee that clinical trials adhere to worldwide standards, which has helped to attract pharmaceutical businesses and researchers to the country.  Thailand has a huge population of people suffering from neurological illnesses, providing a big patient pool for clinical studies. Thailand offers well-equipped healthcare facilities as well as highly experienced medical professionals, making it an appealing destination for clinical trials. The Thai government has made major expenditures in R&D operations, notably in neurology, which has aided in the expansion of clinical trials in the nation.

Market Restraints

Thailand faces competition from other nations with big patient populations and favourable regulatory frameworks for clinical trials, such as India and China. Although Thailand has well-equipped healthcare facilities, access to new technology necessary for particular kinds of neurology clinical trials may be restricted. That is the major language spoken in Thailand, which may provide a challenge for non-Thai-speaking academics and pharmaceutical firms conducting clinical studies there. Patient recruitment may be difficult in certain circumstances, notably in uncommon neurological illnesses with small patient populations.

Competitive Landscape

Key Players

  • Novartis International AG
  • Pfizer Inc.
  • Merck & Co., Inc.
  • Sanofi S.A.
  • GlaxoSmithKline plc (GSK)
  • AbbVie Inc.
  • Biogen Inc.
  • Siam Bioscience Co., Ltd. (THA)
  • Chao Phya Abhaibhubejhr Hospital and Thai Traditional Medicine Development Center (THA)
  • Mega Lifesciences Public Company Limited (THA)
  • The Government Pharmaceutical Organization (THA)

1. Executive Summary
1.1 Disease Overview
1.2 Global Scenario
1.3 Country Overview
1.4 Healthcare Scenario in Country
1.5 Clinical Trials Regulation 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

6. Methodology and Scope

Neurology Clinical Trials Market Segmentation

By Phase (Revenue, USD Billion):

  • Phase I
  • Phase II
  • Phase III
  • Phase IV

By Study Design Outlook (Revenue, USD Billion):

  • Epilepsy
  • Parkinson's Disease (PD)
  • Huntington's Disease
  • Stroke
  • Traumatic Brain Injury (TBI)
  • Amyotrophic Lateral Sclerosis (ALS)
  • Muscle regeneration
  • Others

By Indication Outlook (Revenue, USD Billion):

  • Interventional
  • Observational
  • Expanded Access

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  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

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Last updated on: 14 March 2023
Updated by: Dr. Purav Gandhi

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