Thailand Diabetes Care Drugs Market Trends

Statistics for the 2023 & 2024 Thailand Diabetes Care Drugs market trends, created by Mordor Intelligence™ Industry Reports. Thailand Diabetes Care Drugs trend report includes a market forecast to 2029 and historical overview. Get a sample of this industry trends analysis as a free report PDF download.

Market Trends of Thailand Diabetes Care Drugs Industry

Oral-Anti Diabetes Drugs Segment is Having the Highest Market Share in Current Year

The Oral-Anti Diabetes Drugs segment is expected to increase with a CAGR of over 5 % during the forecast period, mainly due to the demand from the Type-1 diabetes population, which was more than 0.4 million by the end 2022.

Thailand's government, during COVID-19, provided medical supplies, including glucometers, blood glucose test strips, lancets, and urine test strips that were donated or purchased using donated funds. The supplies were stocked at a central location and distributed by volunteers, utilizing same-day commercial delivery services. Disposable prefilled insulin pens, both long-acting and short-acting analogs, were chosen instead of insulin vials to reduce administration errors, particularly in insulin-naïve patients. Insulin pens were kept at a medical clinic and distributed in a temperature-controlled container by a same-day delivery service.

Insulin therapy is the most potent hypoglycaemic medication currently available for diabetes treatment; however, the potency of insulin deteriorates if it is stored under improper conditions. In Thailand, NCDs, including diabetes, account for more than 70% of all deaths. Obesity leads to a more than seven times increase in the risk of developing type 2 diabetes, while being overweight increases the risk by three times.

Through Thailand's government encouragement, the usage of Management Devices increased over the forecast period.

Thailand Diabetes Care Drugs Market, Volume CAGR  (in %), Thailand, 2023-2028

Increasing Diabetes population in Thailand

The World Health Organization (WHO) estimates that in 2021, around 11% of the total health expenditure in Thailand is allocated to diabetes care, comparable to other countries in the region. By 2030, this figure is expected to grow by 41%, effectively doubling the societal burden of diabetes. In Thailand, around 4.8 million people have diabetes, and only 272 endocrinologists (or specialists) are available. In Thailand, three out of five people with diabetes who receive care do not achieve the recommended treatment targets.

Thus, the above factors are expected to drive the market growth over the forecast period.

Thailand Diabetes Care Drugs Market, Diabetes Population in million, Thailand, 2017-2022

Thailand Diabetes Care Drugs Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)