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Medical Tourism Industry focus

Medical Tourism Industry focus

Medical Tourism

2018 KPMG Industry Focus: Infrastructure, Government, Healthcare and Hotel is highlighting medical tourism.

The government has a policy for Thailand to become a ‘Medical and Wellness’ destination and world-class medical hub. It was forecasted that in 2017, international patients will generate THB48-49 billion income for private hospitals, representing a 3%-4% growth from the previous year.

According to the International Healthcare Research Center (IHRC), medical tourism is likely to grow 14% annually, aligning with the yearly 12% growth of international tourist arrivals in Thailand. The growth of medical tourism in Thailand is a combined result of the rising income and the increase of the middle class, leading to higher spending on tourism; people becoming more concerned about their health due to higher prevalence of non-communicable diseases (NCDs) and work stress; and the rising trend of experiential travel. 

As part of the strategic plan to become a Medical Hub (2017-2026), the cabinet has approved, in principle, the extended permission-to-stay for citizens of 19 countries identified as potential sources of medical tourists, and the smart visa campaign.

Medical Tourism Industry focus

“Most of Thailand’s large-scale private hospitals are accredited by the Joint Commission International (JCI) and are ready to cater to the medical tourism industry with their highly-skilled doctors and healthcare personnel. There is high demand from medical tourists from Middle East and CLMV countries (Cambodia, Lao PDR, Myanmar and Vietnam). Due to the combination of government policies, the future connectivity of the East-West Corridor and the Road & Belt projects, and Thailand’s ageing society, the health sector is one of the key growth sectors in Thailand”

Tanate Kasemsarn
Head of Infrastructure, Government, Healthcare and Hotel, KPMG in Thailand

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