The Phuket News Premier League predictions The Phuket News Kata Rocks The Phuket News Outrigger Koh Samui Beach Resort
The Phuket News Business News
The Phuket News Phuket | Thailand | World | Business | Q&A | Weird World XML, RSS, Feed
The Phuket News The Phuket News
The Phuket News

Shifts in medical tourism afoot, industry to generate B48bn

BANGKOK: Kasikorn Research Centre estimates income from international patients at private hospitals will generate about B48 billion this year, an increase of 3% to 4% year-on-year.

tourism, Chinese, economics,


TTR Weekly

Sunday 20 August 2017, 11:00AM


The drop in medical tourists from the Middle East should be compensated by international patients from other regions, in particular Asia such as Cambodia, Laos, Myanmar, Vietnam and Japan. Photo: AFP
The drop in medical tourists from the Middle East should be compensated by international patients from other regions, in particular Asia such as Cambodia, Laos, Myanmar, Vietnam and Japan. Photo: AFP

The bank think-tank unit said the number of patients from the Middle East has declined steadily, mainly due to a change in healthcare policies in their home countries and an improvement in quality and standards of their public health systems.

However, the drop in medical tourists from the Middle East should be compensated by international patients from other regions, in particular Asia such as Cambodia, Laos, Myanmar, Vietnam and Japan.

The centre estimates that international patients will help generate some B48bn to B49bn in income for the country’s private hospitals in 2017, increasing 3% to 4% year-on-year, against an 8% increase from last year.

The number of international medical tourism visits this year should reach 2.4 million with another 900,000 hospital visits by expatriates in Thailand.

The centre said: “Despite the promising outlook, Thai medical-service related businesses may face heightened competition from new providers in the domestic market and Asian rivals such as Singapore, Malaysia and South Korea, which are all competing to become the regional leader in medical services.”

To maintain competitiveness, Thai medical businesses will need to cement their strengths, especially service quality and medical standards, because these are important factors that boost the confidence of international patients.

But there is room for expansion.

“Thai medical service providers may consider venturing into the general health and wellness business category to capture more international tourists, or older foreign tourists taking long-stay vacations in Thailand.”

British International School, Phuket

Medical tourism is a key factor that can boost Thailand’s income, but the Ministry of Tourism and Sports as well as Tourism Authority of Thailand must be more supportive to reach out to new markets, the centre cautioned.

Deputy Prime Minister Thanasak Patimaprakorn said earlier this month that visitors to Thailand from China, Cambodia, Laos, Myanmar and Vietnam who are seeking medical treatment are now allowed to stay for up to 90 days visa-free. The same privilege is also offered to as many as four people accompanying them.

Visitors age 50 years or older from 14 countries also can apply for long-stay visas valid for up to 10 years from the current tenure of one year. Permission will initially be extended for five years and an additional five years can be added for people who meet the conditions. The same privilege is also offered to their spouse and children under 20.

The 14 eligible nationalities are the United Kingdom, the United States, Germany, Switzerland, Japan, France, Australia, Norway, Sweden, the Netherlands, Italy, Finland, Denmark and Canada.

Both measures are designed to support Thailand to become a medical and wellness tourist destination and world-class medical hub which will help boost more revenue and build quality tourism for the kingdom.

Kasikorn Research Centre is a subsidiary company of Kasikorn Bank, which conducts tourism and business research mainly on Thailand’s economy including tourism with reliable recommendations and indicators on business prospects.

 

Read original story here.

 

 

The Phuket News
The Phuket News
Comment on this story
* Please login to comment. If you do not have an account please register below by simply entering a username, password and email address. You can still leave your comment below at the same time.
Comments Here:
Username:
Password:
E-mail:
Security:
    Forget your password?

Be the first to comment.

The Phuket News
The Phuket News The Phuket News The Phuket News
The Phuket News
Share this
The Phuket News
Have a news tip-off? Click here
The Phuket News
Related stories
The Phuket News
Phuket community

Recent Comments


CIB tackles illegal drone flight threat

Article made me thinking: Why is the Army not patrolling in the Deep South with drones instead with unprotected pick up trucks, ripped apart like sar...(Read More)


Phuket’s Eva Beach appeal earns demolition reprieve, says Rawai Mayor

Editor, can you please explain what this has to do with this story "Looks to me like helicopter parenting here.BTW,studies show that children of ...(Read More)


CIB tackles illegal drone flight threat

Whilst flying a drone over military or airports is important, I wish they'd sort out far more important issues....(Read More)


Pacific corals in 'worrying' state: researchers

It's the climate change. Mother Nature is showing us with more harsh weather ( stronger storms, typhoons, hurricanes, earthquakes) and signals f...(Read More)


Pacific corals in 'worrying' state: researchers

I been there in the early 90.is and seen them,the coral were still pretty much ok from my point of view.It seems nobody really cares and everybody jus...(Read More)


Phuket’s Eva Beach appeal earns demolition reprieve, says Rawai Mayor

Funny how quick someone jumps up like a rabbit out of a magicians hat,if our chief commentator is questioned! Looks to me like helicopter parenting he...(Read More)


Phuket Opinion: The rising tide of progress

Great PN piece of Opinion. Yes, Anyone living many years on Phuket island is not surprised by the floodings, etc. See Patong police station, 2 hours...(Read More)


Phuket taxi drivers charged for assaulting security guard over access to hotel guests

Wow "Might" revoke their licence's, tough talk, well done, the taxi tuk tuk mafia will be shaking in their shoes!...(Read More)


11 held in crackdown on foreign crime

As mentioned in a previous story, the ever good old Nigerians and their scams, most from that continent aren't good people, sad but true....(Read More)


Phuket Opinion: The rising tide of progress

The monkeys can be moved because no one is being paid to look the other way....(Read More)

The Phuket News
Bangkok Hospital Phuket
PHUKET NEWS
Phuket
Thailand
World
Business
Q A
Weird World
ARCHIVE
POLL
CURRENCY
WEATHER
PHUKET TIDE TABLE
The Phuket News PHUKET LIFE
Phuket Arts
Phuket Community
Phuket Culture
Phuket Dining
Phuket Education
Phuket Entertainment
Phuket Environment
Phuket Health
Phuket People
Phuket Technology
Phuket Travel
World Entertainment
Photo Galleries
COLOURING BOOK
The Phuket News PHUKET SPORT
Phuket
Thailand
World
SURF REPORT
PREDICTIONS
The Phuket News PHUKET CLASSIFIEDS
Phuket Buy and Sell
Phuket Jobs
Phuket Property
Phuket Cars and Boats
Phuket Community
Phuket Services
SEARCH CLASSIFIEDS
POST CLASSIFIED
The Phuket News The Phuket News PHUKET EVENTS
Phuket Event listings
Phuket Event calendar
Buy Tickets
POST EVENT
The Phuket News PHUKET DIRECTORY
Phuket Bars, pubs and clubs
Phuket Hotels and villas
Phuket Restaurants
Phuket Yellow Pages
POST LISTING
The Phuket News BARGAINS
The Phuket News ABOUT US
The Company
Distribution points
Subscribe
Advertise with us
Pay for advert
Contact us
CONTESTS
Content Google Map
Site map
Australian Visa Services
 
Currency - The Phuket News   Weather Report - The Phuket News   Surf Report - The Phuket News
LinkedIn - The Phuket News   Twitter - The Phuket News   YouTube - The Phuket News   Facebook - The Phuket News
Copyright © 2017 Class Act Media. All rights reserved. | Website usage terms and conditions | Privacy and Confidentiality Statement.