Medical tourism is the act of travelling to another country for medical treatment, typically in search of specialised procedures, cost savings, or access to modern healthcare facilities not accessible in one's native country. Cosmetic surgery, dental operations, reproductive therapies, orthopaedics, cardiology, and other treatments are available as part of Thai medical tourism.
According to SPER market research, ‘Thailand Medical Tourism Market Size- By Treatment Type, By Services, By Tourist Type, By Tour Type, By Booking Channel- Regional Outlook, Competitive Strategies and Segment Forecast to 2033’state that the Thailand Medical Tourism Market is predicted to reach USD 57.49 Billion by 2033 with a CAGR of 16.1%.
DRIVING FACTORS:
- Thailand offers cost savings of up to 50-70% compared to Western countries, making it an attractive option for those seeking affordable healthcare without compromising quality.
- Thailand has a strong healthcare system, with internationally approved hospitals outfitted with cutting-edge technology, advanced medical equipment, and highly qualified medical workers.
- Thailand has a good reputation for medical skill and successful outcomes in a variety of specialisations, which draws patients looking for specialised treatments.
- Government Support: The Thai government has actively encouraged the growth of the medical tourism business by creating legislation to streamline visa procedures, ensure patient safety, and promote worldwide marketing campaigns.
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CHALLENGES:
- Linguistic and Cultural Barriers: Although English is commonly spoken at major hospitals, linguistic and cultural differences can still provide difficulties for some patients, necessitating improved communication and cultural awareness.
- Lengthy Travel and Recovery Times: Travelling for medical treatment requires time and logistical planning. Some patients may find that travel and recovery times are extended, especially for difficult procedures.
- Insurance Coverage Limitations: Insurance coverage for medical tourists varies, limiting the accessibility and affordability of certain treatments, particularly for patients from countries with limited coverage.
COVID Impact: The COVID-19 pandemic had a huge influence on the international medical tourism business, particularly Thailand. Travel restrictions, lockdowns, and health concerns caused a brief drop in medical tourism activity. Thailand's excellent pandemic management, installation of tight safety measures, and vaccine deployment have inspired confidence in overseas patients, progressively revitalising the market.
Thailand's medical tourism business is not restricted to Bangkok; it includes renowned tourist locations like Phuket, Chiang Mai, and Pattaya. Each region has distinct advantages, such as specialised medical facilities, scenic beauty, and leisure activities, which draw medical tourists from all over the world.
Additionally, some of the market key players are Asia Cosmetic Getaways, Bookimed Limited, Health-Tourism.com, Jet Medical Tourism, My Body Spirit, Smile Planners, Others.
Thailand Medical Tourism Market Segmentation:
By Treatment Type: Based on the Treatment Type, Thailand Medical Tourism Market is segmented as; Cancer Treatment, Cardiovascular Treatment, Cosmetic Treatment, Dental Treatment, Fertility Treatment, Neurological Treatment, Orthopedic Treatment, Others.
By Services: Based on the Services, Thailand Medical Tourism Market is segmented as; Therapeutic Services, Wellness Services.
By Tourist Type: Based on the Tourist Type, Thailand Medical Tourism Market is segmented as; Domestic, International.
By Tour Type: Based on the Tour Type, Thailand Medical Tourism Market is segmented as; Independent Traveller, International, Package Traveller, Tour Group.
By Booking Channel: Based on the Booking Channel, Thailand Medical Tourism Market is segmented as; In-Person Booking, Online Booking, Phone Booking.
By Region: This research also includes data for Central Thailand, Eastern Thailand, North-eastern Thailand, Northern Thailand, Southern Thailand, Western Thailand.
This study also encompasses various drivers and restraining factors of this market for the forecast period. Various growth opportunities are also discussed in the report.
For More Information, refer to below link:-
Thailand Medical Tourism Market Outlook
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