Thailand has made the remarkable progress in the social and economic improvement, shifting from a low-income to an upper middle-income region in less than a generation. As such, Thailand has been a broadly cited improvement accomplish story, with sustained robust growth and impressive poverty deduction.
In addition, Thailand is renowned for its universal health care program (UHC) and accomplishment in the child nutrition, but quality of education remains a feeble point the region’s human development. Social support schemes are fragmented, with untapped choices to modernize the level of reimbursements packages and effectiveness.
The manufacturing segment constitutes Thailand’s major industry, introducing a broad variety of good likewise textile and garments, plastics, footwear, integrated circuits, electronics, computers and component, cement, automobiles and parts.
Although, the medical education in Thailand has seen a long journey with several turn with the intense progress. The journey has provided the system its fair share of challenges to deal with issues comprising pace with speedily transforming knowledge and installing similar coping capabilities in the students, managing quality of training of student with their growing requirement, mental health issues raising for the medical students under heavy pressure, scholarships and funds to arrange the education, to retain the good quality staff and shortage of private investment in the medical education.
Moreover, countless factors that propels the growth of Medical Education System around Thailand are expensive public infrastructure and widespread coverage, postgraduate program is in alignment with the international standards, the brain drain is at subordinate level in comparison to its neighbouring regions because majority of education is around Thai, transformation in the requirement of society, transformations in the nature of students, development in learning and teaching processes, speedy changes in technologies assisting the medical practices and education, massive explosion in medical knowledge and transformation in the health system.
In Thailand the ophthalmology is in the increasing phase with the existence of more than 220 hospitals and clinics delivering the ophthalmic care. In addition, there has been a growth in the number of ophthalmologists around the region, which has stimulated growth in ophthalmology market revenues. There has also been an increment in the number of eye ailments over the years, which has also led to growth in the ophthalmic care market.
Not only has this, within the Thailand pharmacy retail market, volatile growth was witnessed as several pharmacy stores closed owing to the non-compliance of GPP standards demanded by the FDA. However, the closure of pharmacy outlets concluded in greater consumer footfall in other pharmacies; hence a lower revenue growth rate was recorded during the years 2019. The market was witnessed in the growth stage due to the increasing intensity of competition amongst the retail pharmacies around the market in terms of broad product proposing and value-added services.
In addition, the key players around the Thailand region are effectively functioning for leading the highest market growth, obtaining the competitive edge, generating the high percentage of revenue and registering the great value of market share during the review duration by improving the qualitative and quantitative measures of such, increasing the applications of respective goods and services, implementing the policies of profit making and expansion strategies and delivering the better consumer satisfaction.
