THAILAND DIABETES CARE DRUGS MARKET SIZE & SHARE ANALYSIS - GROWTH TRENDS & FORECASTS (2023 - 2028)


Thailand Diabetes Care Drugs Market Analysis:

The estimated size of the Thailand Diabetes Care Drugs Market is USD 140.42 million in 2023, with an expected growth to USD 169.20 million by 2028, at a CAGR of 3.80% during the forecast period.

The healthcare system faced significant disruption and pressure during each phase of the rapid COVID-19 infection. To prevent healthcare collapse and improve inadequate healthcare resources, several countries, including the Thai government, introduced home isolation or a home quarantine program. From July 2021 to October 2021, COVID-19 cases in Thailand increased to around 20,000–25,000 cases per day, making it challenging to treat COVID-19 infections in hospitals. Previous research has shown the effectiveness of a COVID-19 home monitoring program using telemedicine to bridge the gap in treatment during a healthcare worker shortage in multiple countries. These programs monitored symptom intensity and informed patients to seek additional treatment if necessary. Due to the shortage of hospital capacity during COVID-19, Thailand’s government introduced diabetes self-management education and support (DSMES), glycemic management via telemedicine, and outcomes in home-isolated patients with COVID-19 infection. In August 2022, The National Research Council of Thailand (NRCT) introduced a breathalyzer prototype that can detect those infected with COVID-19 with 97% accuracy.

Regarding medicines, the insulin category holds a significant market share. Over 100 million people worldwide use insulin, including all persons with Type 1 diabetes and 10% to 25% of people with Type 2 diabetes. Insulin production is highly sophisticated, and only a few manufacturers are on the market. As a result, there is fierce competition among these producers, who continuously strive to meet patients’ demands by providing the highest-quality insulin.

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