Thailand Home Healthcare Market Size & Outlook, 2023-2030
Thailand home healthcare market, 2018-2030 (US$M)
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Thailand home healthcare market highlights
- The Thailand home healthcare market generated a revenue of USD 2,509.1 million in 2023 and is expected to reach USD 4,346.4 million by 2030.
- The Thailand market is expected to grow at a CAGR of 8.2% from 2024 to 2030.
- In terms of segment, services was the largest revenue generating component in 2023.
- Equipment is the most lucrative component segment registering the fastest growth during the forecast period.
Home healthcare market data book summary
| Market revenue in 2023 | USD 2,509.1 million |
| Market revenue in 2030 | USD 4,346.4 million |
| Growth rate | 8.2% (CAGR from 2023 to 2030) |
| Largest segment | Services |
| Fastest growing segment | Equipment |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Equipment, Services |
| Key market players worldwide | B. Braun, Abbott Laboratories, Sunrise Medical, 3M Co, Baxter International Inc, Medtronic PLC, Cardinal Health Inc, Roche Holding AG ADR, Air Liquide SA, Amedisys Inc, Fresenius Medical Care AG, Arkray, Becton Dickinson & Co, OMRON Corp, Drive Medical, GE Aerospace, Medline Industries, Koninklijke Philips NV, Johnson & Johnson, Linde PLC, Vygon, Teleflex Inc, Moog Inc A, Fresenius SE & Co KGaA, Bayer AG, UnitedHealth Group Inc, Brookdale Senior Living Inc, Sunrise Senior Living, Genesis Healthcare Inc Class A, Extendicare Inc, Sonida Senior Living Inc, Home Instead |
Other key industry trends
- In terms of revenue, Thailand accounted for 0.6% of the global home healthcare market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China home healthcare market is projected to lead the regional market in terms of revenue in 2030.
- Singapore is the fastest growing regional market in Asia Pacific and is projected to reach USD 7,562.9 million by 2030.
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Home Healthcare Market Scope
Home Healthcare Market Companies
| Name | Profile | # Employees | HQ | Website |
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Thailand home healthcare market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to home healthcare market will help companies and investors design strategic landscapes.
Services was the largest segment with a revenue share of 84.29% in 2023. Horizon Databook has segmented the Thailand home healthcare market based on equipment, services covering the revenue growth of each sub-segment from 2018 to 2030.
In Thailand, there are around 11 million senior citizens, which roughly account for 16% of the overall population. By 2031, this proportion is anticipated to reach 19 million, or 28% of the total population, making Thailand a mature society. According to a survey by the Economic Intelligence Centre (EIC), more than 90% of retirees in Thailand want to stay in their own homes.
In addition, as society progresses, the average size of a home is expected to decrease to three individuals, and life expectancy is projected to increase. Furthermore, home care is three times less expensive than hospital care. These factors create opportunities for companies that provide Home Healthcare for in-home care to Thailand’s aging population.
The presence of a large target population is also an important factor boosting the market. Various cost-cutting measures have been implemented in the country owing to increased pressure on the government to increase the healthcare budget. One of these measures is the introduction of home healthcare.
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Our clientele includes a mix of home healthcare market companies, investment firms, advisory firms & academic institutions.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of country-level data and insights on the Thailand home healthcare market , including forecasts for subscribers. This country databook contains high-level insights into Thailand home healthcare market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Thailand home healthcare market size, by component, 2018-2030 (US$M)
Thailand Home Healthcare Market Outlook Share, 2023 & 2030 (US$M)
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