Connect with us

Asean

Thailand faces strong competition to retain medical tourism lead

Thailand should prove itself more if it wants to become a regional hub for medical tourism in the long term, competing with arch-rivals Singapore and Malaysia.

Avatar

Published

on

Medical device Hospital

Thailand should prove itself more if it wants to become a regional hub for medical tourism in the long term, competing with arch-rivals Singapore and Malaysia.

One major barrier to this quest is politics. If political demonstrations become chaotic to the point of closing airports, this will undermine patients’ confidence, and they might decide to go elsewhere, said Pongsakorn Chindawatana, a professional doctor and also senior director of communication at Bangkok Dusit Medical Services.

So far, there have been no cancellations of trips to the company’s hospitals. The political scenario at present is still considered acceptable. However, the company will have to keep monitoring the situation closely over the next few months, he said.

Medical device Hospital

Thai medical sector, famous for its cost effective services

Speaking after a seminar on “Business Power for the Future of Thai Tourism” held by the Department of Tourism, he said Thailand was second to no other country in the region for the quality of its medical services. The country’s medical advancement is also internationally recognised for its high standards. It is essential for the government and private sectors to make a joint effort to promote this service on the global stage.

It is already true Thailand is a hub, but only geographically. So far, there is no clear evidence to show that any country in the region, whether Singapore, Malaysia or Thailand, will succeed in the goal of becoming such a hub permanently.

All three nations are still scrambling to adopt marketing strategies to publicise their services and claim status as the regional medical-service destination.

Singapore has a competitive edge as a Chinese-speaking nation, which makes it attractive to the large number of affluent mainland Chinese. Also, the island nation has earned a reputation for its medical services founded by Britain during its colonial period, boosting patients’ confidence. Most important, it has marketed these services aggressively.

Also, Singapore is a rich country. Pongsakorn said it was most likely that the country would expand its service regionally, especially into Thailand, by establishing hospital networks or other forms of medical services, after the opening of the Asean Economic Community (AEC) in 2015.

via Singapore, Malaysia tough rivals to Thailand’s quest to be medical hub – The Nation.

Comments

Asean

The Latest on Covid-19 in Southeast Asia

Thailand has largely avoided widespread community transmission of Covid-19, but the kingdom is not faring well on the economic front, with a projected contraction of 7.1 percent this year.

Avatar

Published

on

Coronavirus Asia

As a region, Southeast Asia has fared relatively well in keeping coronavirus cases low, with the notable exceptions of the Philippines and Indonesia.

(more…)
Continue Reading

Laos

China’s debt-trap diplomacy: Laos’ credit rating downgraded to CCC

Laos’ debt challenge is deeply concerning, with some media commentators suggesting the country is falling into a debt trap as a result of Chinese infrastructure investments connected to the Belt and Road Initiative (BRI)

Boris Sullivan

Published

on

On 23 September, the Fitch Ratings agency downgraded Laos’ credit rating to CCC — the second downgrade in 2020, having dropped to B- in May.

(more…)
Continue Reading

Vietnam

Foreign capital still heads to Vietnam

As many as 798 projects added a combined over 5.11 billion USD to their investment capital, down 23 percent year-on-year in project number but up 6.8 percent in value.

Avatar

Published

on

Hanoi (VNA) – The total amount of foreign investment poured into Vietnam this year to September 20 reached 21.2 billion USD, equivalent to 81.8 percent of the same period last year, reported the Ministry of Planning and Investment.

(more…)
Continue Reading

Latest

Most Viewed

Subscribe via Email

Enter your email address to subscribe and receive notifications of new posts by email.

Join 13,609 other subscribers

Trending