The SCB EIC forecasts predict that the Thai medical tourism market will reach a better degree of recovery in 2023 and reach a value of 2 billion baht.
The SCB EIC forecasts predict that the Thai medical tourism market will reach a better degree of recovery in 2023 and reach a value of 2 billion baht. A number of health megatrends are supporting the future expansion of the Thai medical tourism industry. The arrival of the “silver economy” in 2021, which is boosting demand for healthcare services and advancements in anti-aging technology, is one of them.
Increase in chronic non-communicable diseases (NCDs)
Additionally, there is a desire for high-quality, pleasant medical services due to the expanding middle class and rising purchasing power globally. Globally, the prevalence of chronic non-communicable diseases (NCDs) like diabetes, cancer, and heart disease is also rising as a result of lifestyle choices such a poor diet and binge drinking.
increased costs for healthcare and medicine
Costs for medicine and healthcare have increased as a result. Additionally, the COVID-19 issue has caused a change in consumer behavior toward higher levels of health consciousness, with a focus on services for physiotherapy, physical examinations, and preventative medicine.
Strengths of Thai medical tourism
The Thai medical tourism industry has a number of advantages that keep medical tourists coming to the nation. These include Thailand’s prominence as a well-liked tourism destination, reasonable medical costs, and first-rate staff and facilities.
First off, Thailand’s medical costs are reasonable when compared to other nations in the region, especially for procedures like cosmetic surgery and hysterectomy. Due to its accessibility, Thailand is a popular destination for medical tourists seeking treatment.
Second, Thai healthcare providers offer distinctive services that are tailored to patients’ demands and possess a high level of knowledge in a wide range of sectors. With 59 total locations, Thailand also has the most JCI-certified foreign healthcare institutions in the ASEAN area. This accreditation is crucial for drawing in patients who value high-quality medical facilities and employees.
As a famous tourist destination, Thailand also draws medical tourists who want to extend their stay and take in the sights while receiving medical care.
