Thailand Aims to Become Digital Health Hub by 2025
Thailand is set to become a major player in the global digital health market, with a ten-year plan aiming to make it a wellness and medical services hub by 2025. The country's digital health sector is projected to reach USD 1.4 billion by then, riding on the global market's growth from USD 175 billion in 2019 to nearly USD 660 billion in 2025.
Thailand's healthcare system, ranked fifth in the 2021 Global Healthcare Index for global health security, is poised for digital transformation. Local startups like Ooca and Sati App are leading the way. Ooca offers online mental health services and collaborates with institutions to provide free services to the younger generation. Meanwhile, Sati App provides on-demand peer support, having facilitated over 44,000 minutes of support between April 2022 and March 2023.
Baiyaphytopharm, another innovative player, develops biopharmaceuticals using plants as a biofactory, aligning with global sustainability trends. QueQ's virtual queuing platform enhances patient experiences by reducing wait times in hospitals. HD, on the other hand, is transforming healthcare in Southeast Asia by providing a marketplace for surgeries and improving access to affordable healthcare.
With Southeast Asia's digital health market projected to reach USD 6.67 billion in 2023, Thailand's ambitious plans and innovative startups position it well to capitalize on this growth. By 2025, the country aims to be a regional hub for wellness and medical services, backed by a thriving digital health sector.
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