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Thailand’s medical tourism sector faces challenge from other countries

Political instability and sharp gains in the baht are having a profound effect on the medical tourism industry, turning regional competitors into a major challenge, say international experts.

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Political instability and sharp gains in the baht are having a profound effect on the medical tourism industry, turning regional competitors into a major challenge, say international experts.

They said the sector must develop a focused strategy and especially public-private partnerships, an area in which Thailand still lags neighbouring countries, especially Singapore.

Thailand, Singapore, Malaysia and India have emerged as the four major medical tourism players in Asia. Even though Thailand has the highest number of foreign patient arrivals, Singapore has a very fast growth rate, said Paul Tiffany, a business consultant.

Medical device

The strengthening baht has made Thailand's medical tourism industry less competitive in terms of costs, especially compared with India.

He said despite Thailand’s competitive advantages over its rivals, political uncertainty is prompting foreign patients to have second thoughts about coming here for treatment.

Research also suggests this to be a market that is highly influenced by perceptions of political unrest. Once problems develop, demand declines very rapidly and takes a long time to recover.

“For example, medical tourism [in the US] collapsed after 9/11 and took a minimum of five years to recover to where it had been in 2000,” said Dr Tiffany.

The strengthening baht has made Thailand’s medical tourism industry less competitive in terms of costs, especially compared with India.

“With the baht now trading above 30 to the dollar, the cost of medical treatment in Thailand has risen substantially over the past couple of years,” said Dr Tiffany, a visiting professor at Chulalongkorn University’s Sasin Graduate Institute of Business Administration.

via Bangkok Post : Thailand faces challenge from rivals

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Southeast Asia Covid-19 Latest News

The Delta variant has ripped through Southeast Asia in recent weeks, undoing many countries’ progress against the Covid-19 pandemic. Indonesia has been hit especially hard.

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Coronavirus disease 2019 (COVID-19) WHO Thailand Situation Report - 22 February 2021

The Delta variant has ripped through Southeast Asia in recent weeks, undoing many countries’ progress against the Covid-19 pandemic. Indonesia has been hit especially hard.

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Thailand COVID-19 Situation (29 June, 2021)

TAT would like to recommend all to take DMHTT precautions to prevent the spread of COVID-19: D – Distancing, M – Mask wearing, H – Handwashing, T – Temperature check, and T – Thai Chana contact tracing application.

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COVID-19 Daily Vaccinations

Total number of COVID-19 vaccine doses administered: 9,416,972

· Total number of people who have received 1 dose: 6,721,038

· Total number of people who have received 2 doses: 2,695,934

Number of COVID-19 vaccine doses administered today: +271,534

· Number of people who have received the first dose: +185,261

· Number of people who have received the second dose: +86,273

COVID-19 Daily Situation

Total Cases: 254,515

New Cases: +4,662 Daily Cases: 4,652 & From Prisons: 10)

Receiving Medical Treatment: 47,481

Recovered: 205,064

Deaths: 1,970

TAT would like to recommend all to take DMHTT precautions to prevent the spread of COVID-19: D – Distancing, M – Mask wearing, H – Handwashing, T – Temperature check, and T – Thai Chana contact tracing application. 

TAT is constantly providing updates on the tourism-related COVID-19 situation in Thailand at the TAT Newsroom (www.tatnews.org); Facebook (tatnews.org); and Twitter (Tatnews_Org).

For additional information and assistance relating to Thailand’s tourism, contact the TAT Contact Centre 1672 or Tourist Police 1155.

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