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Thailand Medical Tourism Market

Market Insights on Thailand Medical Tourism covering sales outlook, demand forecast & up-to-date key trends

Thailand Medical Tourism Market by Treatment Type, Treatment Type, Tourist Type, Tour Type, Consumer Orientation, Age Group, Booking Channel & Region - Forecast 2022 - 2032

Thailand Medical Tourism Market Outlook (2022-2032)

[309 Pages Report] The Thailand medical tourism market is estimated to reach US$ 5,687 Mn in 2022. As per the report, sales of Thailand Medical Tourism market are forecasted to increase at a robust 18.4 % CAGR. Total sales of Thailand medical tourism market represent 2%-7% of the global medical tourism market.

Attribute

Details

Thailand Medical Tourism Market Estimated Size (2022)

US$ 5,687 Million

Thailand Medical Tourism Market Value-based CAGR (2022-2032)

18.4% CAGR

Thailand Medical Tourism Market Top Players Share in 2021.

3%-9%

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2017-2021 Thailand Medical Tourism Market Outlook Compared to 2022-2032 Forecast

The Thailand Medical Tourism market is forecasted to grow at a steady rate during the forecast period. Rapidly developing health infrastructure in Thailand along with sufficient government support will assist in the Thailand Medical Tourism market growth.

The public-private partnership will help in making the Thailand Medical Tourism market efficient and keep the sector organized surging the Thailand Medical Tourism adoption trends. The Thailand medical tourism market is expected to keep attracting consumers during the forecast period, as the demand for affordable and quality healthcare increases in developing countries across the globe.

What are the factors providing an opportunity in the Thailand tourism market?

Medical infrastructure has been maturing rapidly in the developing countries including Thailand, while the developed regions are suffering from high medical costs and restrained medical-infrastructure availability. These factors along with the decreasing airfare, affordable accommodations, and increasing number of elective surgeries present a lucrative Thailand Medical Tourism market growth as well as Thailand medical tourism market opportunity.

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Sneha Verghese
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What are some of the restraints that can affect the growth of the Thailand medical tourism market?

Thailand was one of the first countries to work towards establishing a medical tourism sector in the country, by providing appropriate funds, establishing guidelines, and marketing the sector widely across the globe boosting the Thailand medical tourism market future trends.

This had given the country a competitive edge in the Thailand medical tourism market, but this edge is now threatened by the emergence of medical hubs in countries like India and Malaysia, which have seen a rise in the quality of their medical infrastructure. The presence of a language barrier also makes it difficult for the tourists to approach and connect adequately.

These factors might be some of the restraints that will affect the Thailand medical tourism market growth rate of the Thailand medical tourism market trends along with Thailand medical tourism market opportunities.

Country Insight

Which City in Thailand has Emerged as a Hub For Medical Tourists?

“Bangkok has emerged as the medical hub of the country due to the presence of major medicinal facilities in the city”

Bangkok, the capital city of Thailand has been the hub for the majority of the medical visits in the country. This is due to most of the prominent medical facilities being situated in Bangkok, and the city being the cultural and financial center of the country, also boasts the highest number of skilled physicians and surgeons which escalates the demand for medical tourism market in Thailand.

Bangkok’s Bumrungrad International Hospital is one of the most advance medical facilities in the Thailand medical tourism market not just in Thailand but across the globe.

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Category-wise Insights

Which Treatment Type is the Most Sought-After in Thailand?

“Cosmetic treatments are the most availed services by medical tourists in Thailand”

Cosmetic treatments have been quite popular amongst medical tourists visiting Thailand. This is due to the advancement of procedures and the presence of highly qualified cosmetic surgeons in the country which results in increase of the Thailand medical tourism market future trends.

Thailand has always been a popular destination for cosmetic surgeries due to the affordable options and the quality of procedures. The rapid demand for medical tourism in Thailand as well as Thailand medical tourism market growth for cosmetic surgeries led to top cosmetic surgeons setting up consultation offices in Thailand while collaborating with some of the biggest hospitals in the country, increasing the Thailand medical tourism market key trends and opportunities.

Why are Therapeutic Services Popular in Thailand?

“Factors ranging from weather, hospitality, and affordability drive the market for therapeutic services in Thailand”

Thailand has always been a popular tourist spot due to its tropical temperature, beaches, hospitality, and affordability. The climate is very well suited for a comfortable stay while rejuvenating from injuries or major surgical procedures boosting the demand for medical tourism in Thailand along with sales of medical tourism in Thailand.

Thailand is filled with top-notch facilities which provide services like physiotherapy, rehabilitation, mental therapy, and post-op care. Highly-qualified experts from around the globe have also set up their practices in Thailand. These factors make therapeutic services quite popular in Thailand, hence surging the Thailand medical tourism adoption trends .

What type of Tour Type is Widely Availed By Medical Tourists in Thailand?

“Tour packages are the most preferred tour types among medical tourists”

Since the process of setting up the medical tourism industry in Thailand was a systematic approach, which included the partnership of both the private and public sectors, the services provided are very hassle-free and end-to-end particulars are taken care of.

This encourages medical tourists to choose tour packages offered by prominent and well-established tour firms rocketing the Thailand medical tourism market opportunities.

These packages prominently provide consumers with a custom-tailored experience that includes every single arrangement of the tour including flight tickets, travel accommodations, stay accommodation, consultant appointments, cost of treatment, post-op care, etc, therefore augmenting the Thailand medical tourism market future trends. Thus, making medical tour packages the most dominant segment in the tour type category of Thailand medical tourism market.

What Factors Influence the Prominence of Women Medical Tourists in Thailand?

“Popularity of cosmetic procedures drive female medical tourists into Thailand”

The emergence of Thailand as one of the most visited countries for cosmetic treatments has made it popular for procedures like Rhinoplasty, Breast Augmentation, Rhytidectomy, Liposuction, Neck lift, etc.

When the overall Thailand medical tourism market is analyzed it has been noted that women are more likely to go through these procedures compared to men. This pattern is also noticed in the case of Thailand, making the number of female medical tourists visiting the country higher than the number of male medical tourists.

Which Age-Group is Most Likely to Visit For Treatments?

“People aged 46 to 55 are more likely to visit Thailand for medical reasons”

Studies have shown that people are more likely to develop chronic pain, diseases, or illness between the age of 40-60. This makes the age group between 46 to 55 the most likely to seek medical treatments for a major disease, illness, or joint problems. It also makes this age group the most likely group to travel for medical reasons.

The trend is also visible in the Thailand medical tourism market, where the majority of people traveling for orthopedic and cardiovascular treatments are aged between 46-55.

What is the Preferred Booking Channel Among the Consumers?

“Online booking is the preferred booking channel”

Major tour companies have established their presence online to better their Thailand medical tourism market reach and brand recognition. Offering their entire service lineup on their websites provides the customers with a wide variety of options to choose from.

Covid-19 pandemic has also helped in shifting consumer behaviors, which led to most people opting for online booking rather than in-person bookings were booking their travels positively impacting the Thailand medical tourism adoption trends. This has led to the online booking being the leading booking channel among the consumer.

Competitive Landscape

Key firms in the Thailand medical tourism market are focused on providing customers with a hassle-free experience. To provide customers with utmost comfort, the service providers offer end-to-end solutions for all the travel needs and accommodation. For instance:

  • Thai Medical Vacation offers complete solutions on their online platform for major treatments, providing services ranging from visa, consultation appointments, and stay accommodations.

TABLE:

Attribute

Details

Forecast Period

2022-2032

Historical Data Available for

2017-2021

Market Analysis

US$ Million for Value

Key Region Covered

South Asia

Key Countries Covered

Thailand

Key Segments Covered

Treatment Type, Services, Tour Type, Consumer Orientation, Age Group, Booking Channel, and Region.

Key Companies Profiled

  • Jet Medical Tourism
  • TMI Medical Tourism (Tour My India Pvt. Ltd.)
  • Lotus Medical International
  • World Medical and Surgical LLC
  • MedEx Ventures Co. Ltd.
  • Lyfboat Technologies Pvt. Ltd.
  • Medical Electronic Devices and Services Inc.
  • Health-Tourism.com
  • Smile Planners
  • Health Tour Booking (Easy Golf Booking Company Limited)
  • Asia Cosmetic Getaways
  • Med Tourism Co, LLC
  • Thai Medical Vacation
  • My Body & Spirit
  • Bookimed Limited

Report Coverage

Market Forecast, Company Share Analysis, Competition Intelligence, DROT Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives

Customization & Pricing

Available upon Request

Thailand Medical Tourism Market by Category

By Treatment Type:

  • Dental Treatment
  • Cosmetic Treatment
  • Cardiovascular Treatment
  • Orthopedic Treatment
  • Neurological Treatment
  • Cancer Treatment
  • Fertility Treatment
  • Others

By Services:

  • Wellness Services
  • Therapeutic Services

By Tourist Type

  • Domestic
  • International

By Tour Type:

  • Independent Traveller
  • Tour Group
  • Package Traveller

By Consumer Orientation:

  • Men
  • Women
  • Children

By Age Group:

  • 15-25 Years
  • 26-35 Years
  • 36-45 Years
  • 46-55 Years
  • 66-75 Years

By Booking Channel:

  • Phone Booking
  • Online Booking
  • In-Person Booking

Frequently Asked Questions

The Thailand medical tourism market size is currently valued at US$ 5,687 Million in 2022.

The Thailand medical tourism market size is forecasted to grow at a CAGR of 18.4% during the forecast period.

The Thailand medical tourism market share is expected to surpass US$ 30789.33 Million by 2032.

Leading Thailand medical tourism market players are Jet Medical Tourism, World Medical and Surgical LLC, MedEx Ventures Co. Ltd., Lyfboat Technologies Pvt. Ltd., and Med Tourism Co, LLC.

Table of Content

1. Executive Summary

    1.1. Thailand Medical Tourism Market Outlook

        1.1.1. Who Is Travelling?

        1.1.2. How Much Do They Spend?

        1.1.3. Direct Contribution of Tourism To GDP

        1.1.4. Direct Contribution of Tourism To Employment

    1.2. Medical Tourism Evolution Analysis

    1.3. FMI Analysis and Recommendations

2. Market Introduction

        2.1.1. Total Spending (US$ Mn) and Forecast (2022-2032)

        2.1.2. Number of Tourists (Mn) and Forecast (2022-2032)

        2.1.3. Total Spending Y-o-Y Growth Projections (2022-2032)

        2.1.4. Number of Tourists Y-o-Y Growth Projections

3. Medical Tourism Industry Analysis

    3.1. Medical Tourism Industry Overview

        3.1.1. Medical Tourism Industry Contribution to Thailand GDP

        3.1.2. Medical Tourism Sector Contribution to Thailand’s Overall Employment

        3.1.3. Thailand Medical Tourism Growth Rate

        3.1.4. Impact of Covid-19

        3.1.5. Others

4. Thailand Medical Tourism Market Dynamics

    4.1. Market Drivers & Opportunities

        4.1.1. Rapidly Developing Health Infrastructure In Thailand

        4.1.2. Aggressively Growing Government Initiatives to Promote Medical Tourism Industry

        4.1.3. Driving Factors Like International Accreditation and Presence of Top Surgeons Propel the Market Forward

        4.1.4. Others (during course study)

5. Market Background

    5.1. Macro-Economic Factors

        5.1.1. Thailand GDP Growth Outlook

        5.1.2. Thailand Industry Value Added

        5.1.3. Consumer Spending Outlook

        5.1.4. Thailand Direct contribution of Medical Tourism to GDP

        5.1.5. Internet Penetration Rates

        5.1.6. Capital Investment in Medical Tourism

    5.2. Forecast Factors - Relevance & Impact

6. Categorizing of Thailand Medical Tourism Market, 2021

    6.1. Introduction/ Key Findings

    6.2. Current Market Analysis by Treatment Type

        6.2.1. Dental Treatment

        6.2.2. Cosmetic Treatment

        6.2.3. Cardiovascular Treatment

        6.2.4. Orthopedic Treatment

        6.2.5. Neurological Treatment

        6.2.6. Cancer Treatment

        6.2.7. Fertility Treatment

        6.2.8. Others

    6.3. Current Market Analysis by Services

        6.3.1. Wellness Services

        6.3.2. Therapeutic Services

    6.4. Current Market Analysis by Tour Type

        6.4.1. Independent Traveller

        6.4.2. Tour Group

        6.4.3. Package Traveller

    6.5. Current Market Analysis by Consumer Orientation

        6.5.1. Men

        6.5.2. Women

        6.5.3. Children

    6.6. Current Market Analysis by Age Group

        6.6.1. 15-25 Years

        6.6.2. 26-35 Years

        6.6.3. 36-45 Years

        6.6.4. 46-55 Years

        6.6.5. 66-75 Years

    6.7. Current Market Analysis by Booking Channel

        6.7.1. Phone Booking

        6.7.2. Online Booking

        6.7.3. In-Person Booking

7. Social Media Sentimental Analysis

    7.1. Social Media Platforms Preferred

            7.1.1.1. Facebook

            7.1.1.2. YouTube

            7.1.1.3. Instagram

            7.1.1.4. Twitter

            7.1.1.5. LinkedIn

            7.1.1.6. Pinterest

            7.1.1.7. Google+

            7.1.1.8. Others

    7.2. Consumer Perception for Destinations On Social Media Platforms-Positive and Negative Mentions

    7.3. Trending #Hashtags

    7.4. Social Media Platform Mentions (% of Total Mentions)

    7.5. Region-Wise Social Media Mentions (% of Total Mentions)

    7.6. Trending Subject Titles

8. Competition Analysis

    8.1. Competition Dashboard

    8.2. Pricing Analysis by Competition

    8.3. Competition Benchmarking

    8.4. Competition Deep Dive

        8.4.1. Lotus Medical International

            8.4.1.1. Overview

            8.4.1.2. Product Portfolio

            8.4.1.3. Profitability by Market Segments (Product/Channel/Region)

            8.4.1.4. Sales Footprint

            8.4.1.5. Strategy Overview

                8.4.1.5.1. Marketing Strategy

                8.4.1.5.2. Product Strategy

                8.4.1.5.3. Channel Strategy

        8.4.2. Jet Medical Tourism

            8.4.2.1. Overview

            8.4.2.2. Product Portfolio

            8.4.2.3. Profitability by Market Segments (Product/Channel/Region)

            8.4.2.4. Sales Footprint

            8.4.2.5. Strategy Overview

                8.4.2.5.1. Marketing Strategy

                8.4.2.5.2. Product Strategy

                8.4.2.5.3. Channel Strategy

        8.4.3. TMI Medical Tourism (Tour My India Pvt. Ltd.)

            8.4.3.1. Overview

            8.4.3.2. Product Portfolio

            8.4.3.3. Profitability by Market Segments (Product/Channel/Region)

            8.4.3.4. Sales Footprint

            8.4.3.5. Strategy Overview

                8.4.3.5.1. Marketing Strategy

                8.4.3.5.2. Product Strategy

                8.4.3.5.3. Channel Strategy

        8.4.4. World Medical and Surgical LLC

            8.4.4.1. Overview

            8.4.4.2. Product Portfolio

            8.4.4.3. Profitability by Market Segments (Product/Channel/Region)

            8.4.4.4. Sales Footprint

            8.4.4.5. Strategy Overview

                8.4.4.5.1. Marketing Strategy

                8.4.4.5.2. Product Strategy

                8.4.4.5.3. Channel Strategy

        8.4.5. MedEx Ventures Co. Ltd.

            8.4.5.1. Overview

            8.4.5.2. Product Portfolio

            8.4.5.3. Profitability by Market Segments (Product/Channel/Region)

            8.4.5.4. Sales Footprint

            8.4.5.5. Strategy Overview

                8.4.5.5.1. Marketing Strategy

                8.4.5.5.2. Product Strategy

                8.4.5.5.3. Channel Strategy

        8.4.6. Lyfboat Technologies Pvt. Ltd.

            8.4.6.1. Overview

            8.4.6.2. Product Portfolio

            8.4.6.3. Profitability by Market Segments (Product/Channel/Region)

            8.4.6.4. Sales Footprint

            8.4.6.5. Strategy Overview

                8.4.6.5.1. Marketing Strategy

                8.4.6.5.2. Product Strategy

                8.4.6.5.3. Channel Strategy

        8.4.7. Medical Electronic Devices and Services Inc.

            8.4.7.1. Overview

            8.4.7.2. Product Portfolio

            8.4.7.3. Profitability by Market Segments (Product/Channel/Region)

            8.4.7.4. Sales Footprint

            8.4.7.5. Strategy Overview

                8.4.7.5.1. Marketing Strategy

                8.4.7.5.2. Product Strategy

                8.4.7.5.3. Channel Strategy

        8.4.8. Health-Tourism.com

            8.4.8.1. Overview

            8.4.8.2. Product Portfolio

            8.4.8.3. Profitability by Market Segments (Product/Channel/Region)

            8.4.8.4. Sales Footprint

            8.4.8.5. Strategy Overview

                8.4.8.5.1. Marketing Strategy

                8.4.8.5.2. Product Strategy

                8.4.8.5.3. Channel Strategy

        8.4.9. Smile Planners

            8.4.9.1. Overview

            8.4.9.2. Product Portfolio

            8.4.9.3. Profitability by Market Segments (Product/Channel/Region)

            8.4.9.4. Sales Footprint

            8.4.9.5. Strategy Overview

                8.4.9.5.1. Marketing Strategy

                8.4.9.5.2. Product Strategy

                8.4.9.5.3. Channel Strategy

        8.4.10. Health Tour Booking (Easy Golf Booking Company Limited)

            8.4.10.1. Overview

            8.4.10.2. Product Portfolio

            8.4.10.3. Profitability by Market Segments (Product/Channel/Region)

            8.4.10.4. Sales Footprint

            8.4.10.5. Strategy Overview

                8.4.10.5.1. Marketing Strategy

                8.4.10.5.2. Product Strategy

                8.4.10.5.3. Channel Strategy

        8.4.11. Asia Cosmetic Getaways

            8.4.11.1. Overview

            8.4.11.2. Product Portfolio

            8.4.11.3. Profitability by Market Segments (Product/Channel/Region)

            8.4.11.4. Sales Footprint

            8.4.11.5. Strategy Overview

                8.4.11.5.1. Marketing Strategy

                8.4.11.5.2. Product Strategy

                8.4.11.5.3. Channel Strategy

        8.4.12. Med Tourism Co, LLC

            8.4.12.1. Overview

            8.4.12.2. Product Portfolio

            8.4.12.3. Profitability by Market Segments (Product/Channel/Region)

            8.4.12.4. Sales Footprint

            8.4.12.5. Strategy Overview

                8.4.12.5.1. Marketing Strategy

                8.4.12.5.2. Product Strategy

                8.4.12.5.3. Channel Strategy

        8.4.13. Thai Medical Vacation

            8.4.13.1. Overview

            8.4.13.2. Product Portfolio

            8.4.13.3. Profitability by Market Segments (Product/Channel/Region)

            8.4.13.4. Sales Footprint

            8.4.13.5. Strategy Overview

                8.4.13.5.1. Marketing Strategy

                8.4.13.5.2. Product Strategy

                8.4.13.5.3. Channel Strategy

        8.4.14. My Body & Spirit

            8.4.14.1. Overview

            8.4.14.2. Product Portfolio

            8.4.14.3. Profitability by Market Segments (Product/Channel/Region)

            8.4.14.4. Sales Footprint

            8.4.14.5. Strategy Overview

                8.4.14.5.1. Marketing Strategy

                8.4.14.5.2. Product Strategy

                8.4.14.5.3. Channel Strategy

        8.4.15. Bookimed Limited

            8.4.15.1. Overview

            8.4.15.2. Product Portfolio

            8.4.15.3. Profitability by Market Segments (Product/Channel/Region)

            8.4.15.4. Sales Footprint

            8.4.15.5. Strategy Overview

                8.4.15.5.1. Marketing Strategy

                8.4.15.5.2. Product Strategy

                8.4.15.5.3. Channel Strategy

        8.4.16. Others (As per request)

9. Assumptions and Acronyms Used

10. Research Methodology

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