Diabetes clinic fall under the Specialty Hospitals Industry and this industry includes heal th care facilities that provide diagnostic and medical treatment to inpatients with diabetes.Specialty hospitals include hospitals that provide long-term care for the chronically ill and those that offer rehabilitation, restorative and adjunctive services to physically challenged or disabled people.
Currently, there are five chronic diseases that affect the health of Thailand, including high blood pressure, heart disease, stroke, cancer and diabetes, as well as diseases caused by diabetes complications for large and small blood vessels such as heart disease, kidney, eye, nerve and foot complications, etc., which have asocial impact due to mortality, disability of the population increased, and the economic impact of the cost of medical treatment increased.
Thailand is an aging society in year 2025 with a population of over 60 years, an increase of 14.4 million or an increase of more than 20 percent of the total population, and there will be one elderly in every 5 people with diabetes. The International Diabetes Federation estimates that in year 2040 there will be 5.3 million diabetics in Thailand. The Ministry of Public Health recognizes the importance of this. Identifying diabetes is one of the diseases that the ministry has focused on in terms of prevention and treatment of the 20-year National Strategic Plan (Public Health)prepared by the Bureau of Policy and the strategy in year 2017.
These numbers show the prevalence of what often is a preventable disease and makes a case for the need for excellent diabetes clinics. These clinics provide testing for diabetes and area source for diabetics to obtain medications and supplies.
The Specialty Hospitals industry that diabetes clinic is a part of is indeed a very massive industry in the Thailand Statistics has it that The Specialty Hospitals industry in Thailand is worth $52 billion, with an estimated growth rate of 3.6 percent.
There are about 100 registered and licensed specialty hospitals (diabetes clinic inclusive) in Thailand and they are responsible for employing about 150,000 people. No single specialty clinic can boast of having the lion share of the available market share in this industry.
If you are considering starting your own diabetes clinic in the Thailand, then you should try and work around the industry barriers. The truth is that the barriers to entry in the Specialty Hospitals industry are high due to the significant regulatory requirements and the experience and strength of incumbents. For example, medical licensure creates a barrier to entry in the health care sector.
It is absolutely compulsory for any investor who is looking towards starting a diabetes clinic to meet extensive federal, state and local laws and regulations. These regulations relate to the adequacy of medical care, equipment, personnel, operating policies and procedures.
Regulations also involve maintaining adequate records, preventing fires, setting rates and complying with building codes and environmental protection laws. These regulations make it difficult and costly for aspiring entrepreneurs to enter the industry.
Aside from the fact that Thailand is home to loads of people with diabetes, some of the factors that encourage entrepreneurs to start their own diabetes clinic could be that the business can easily get support from the government and the business is indeed a profitable venture despite the legislature governing the industry.
This line of business is not going into extinction anytime soon; and no matter the location you choose to locate your diabetes clinic, with the right facility and publicity, you are not going to lack patients with diabetes.