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News Industry News Medical Tourism Continues To Grow In Thailand
News Industry News Medical Tourism Continues To Grow In Thailand
| Medical Tourism Continues To Grow In Thailand |
| Thursday, 12 November 2009 | |
 In 2004, the Royal Thai Government organized a strategy for developing Thailand into the medical hub in Asia. Today the Tourism Authority of Thailand (TAT) and the Department of Export Promotion (DEP) has estimated two million medical tourists will arrive in Thailand for health care services in 2010, an annual growth rate of 14% for the sector, ahead of the country's GDP.Research and Markets reported in 2008 that Thailand conducted more medical check-ups and treatments for international tourists than any other country in Asia. Thailand provides some of the world's best medical treatment services and facilities and many visitors claim that Thailand care providers' "warmth and understanding was a valuable part in the treatment and speedy recovery" (Tourism Authority of Thailand). The average cost of health care services in Thailand is approximately 1/5 of prices in the United States or Europe. Taking this estimate into consideration, it is even more significant that in 2008, foreign patients generated an estimated $6 billion USD for Thailand. One international medical travel journal stated that the Royal Thai Government has provisioned a five-year plan that aims to double this revenue by 2014. A major international accounting and consulting firm estimated 1.5 million Americans traveled abroad for health care services in 2008 and forecasted an annual global market expansion of more than 20% going forward to 2012. Thailand is prepared to meet this growing demand by excelling in the medical care it delivers on a daily basis to patients from over 190 countries at affordable prices. |
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