Southeast Asia's Digital Health Boom: Thailand's USD 1.4B Market by 2025
The digital health landscape in Southeast Asia is booming, with Thailand's market projected to reach USD 1.4 billion by 2025. This growth is part of a global trend, with the worldwide market expected to surge from USD 175 billion in 2019 to nearly USD 660 billion by 2025.
Siriraj Hospital, a leading Thai medical facility, is at the forefront of this digital revolution. It employs AI and 5G technology for swift medical diagnoses and efficient supply management. Meanwhile, Baiyaphytopharm is harnessing plant power, developing biopharmaceuticals using plants as a biofactory.
HD, a digital health platform, is transforming healthcare by acting as a marketplace for surgeries. QueQ's virtual queuing system is used by over 100 hospitals, reducing patient wait times. Sati App offers on-demand peer support services, providing over 44,000 minutes of support in the last year. Ooca, a leading digital mental health app, collaborates with institutions to provide free services to youth.
With Southeast Asia's digital health market projected to reach USD 6.67 billion in 2023, these innovative solutions are reshaping healthcare. Thailand's fifth-place ranking in the 2021 Global Healthcare Index for global health security underscores the potential of digital health in enhancing healthcare systems.
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