Thailand Diabetes Drugs And Devices Market Size (2024 - 2029)

Thailand Diabetes Drugs and Devices Market Analysis

The Thailand Diabetes Drugs And Devices Market size is estimated at USD 0.28 billion in 2024, and is expected to reach USD 0.35 billion by 2029, growing at a CAGR of greater than 5.02% during the forecast period (2024-2029).

Healthcare systems have been significantly disrupted and strained at every stage of the rapid spread of COVID-19. Several countries, notably the Thai government, have implemented home quarantine or home isolation programs to prevent medical collapse and improve inadequate medical resources. The number of people infected with COVID-19 in hospitals has increased. Previous studies have shown that telemedicine-based COVID-19 home monitoring programs are feasible in several countries to fill treatment gaps during health worker shortages. These programs monitored symptom intensity and informed patients to seek additional treatment if needed. During the COVID-19 epidemic, hospital capacity was insufficient, and a home isolation system was introduced.

The Thai government has launched education and support on Diabetes Self-Management (DSMES) and telemedicine glycemic control, along with outcomes for COVID-19 patients who have been quarantined at home. In August 2022, the National Research Council of Thailand (NRCT) unveiled a prototype of a Breathalyzer detector that can detect people infected with the new coronavirus with 97% accuracy.

The Thai government has provided medical supplies such as blood glucose meters, blood glucose test strips, lancets and urine test strips donated or purchased with donations during the COVID-19 crisis. Supplies were stored in a central location and distributed by volunteers using same-day commercial delivery services. Pre-filled disposable insulin pens, both long-acting and short-acting analogues, have been chosen instead of insulin vials to reduce dosing errors, especially in insulin patients. Insulin pens were stored at the clinic and distributed by same-day delivery service in temperature-controlled containers.

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

Thailand Diabetes Drugs and Devices Industry Segmentation

Patients with type 1 diabetes must be given insulin because their pancreas cannot process it. To control blood sugar levels, insulin must be given several times daily, such as when eating or drinking. Many people with type 2 diabetes also need to take antidiabetic drugs. These drugs include diabetes medications and injections such as insulin. Thailand's diabetes drugs and devices market is segmented by drugs (insulin, oral anti-diabetic drugs, non-insulin injectable drugs, and combination drugs) and devices (management devices (insulin pumps, insulin pens, syringes, cartridges, and jet injectors) and monitoring devices (self-monitoring blood and continuous glucose monitoring)). The report offers the value (in USD) and volume (in Unit) for the above segments.