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Thailand Cashes in on its “World-Class Health Provider” status

The Thai government is aiming to develop Thailand into the status of a “World-Class Health Provider” by 2014, with total projected earnings of 11.5 billion US dollars over the five-year period of 2010-2014.

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Bangkok Hospital

The Thai government is aiming to develop Thailand into the status of a “World-Class Health Provider” by 2014, with total projected earnings of 11.5 billion US dollars over the five-year period of 2010-2014.

The new strategic plan will be a substantial upgrade over the successful project to establish Thailand as “Spa Capital of Asia” which was achieved in 2008. It will involve a holistic collection of curative medical treatments, preventive spa and wellness services, and sales of herbal products and other supplies for the global health and wellness industry.

Bangkok Hospital

The US-based trade group Medical Tourism Association estimates the value of global medical tourism will increase to $100 billion in 2012.

Broken down further, the earnings projection is for medical treatments to generate 8 billion US dollars over the 2010-2014 period, spa and wellness services 2.23 billion US dollars, and sales of products and supplies 1.3 billion US dollars. According to Mr Apichai Jearadisak, Advisor, Federation of the Thai Spa Association, Thailand already leads the regional spa market.

“With more than 1,200 registered spas, 400 of which are high-end luxury facilities, and all of them together employing some 25,000 professionally trained therapists, Thailand undoubtedly has a claim to call itself the ‘Spa Capital of Asia’,” he said.

He said that there were many factors that make a Thai spa experience unique such as, service-minded spa personnel, traditional Thai massages, spa therapies and recipes, high operational standards, and a broad range of multi-cultural spa concepts. He noted that people came to spas to relieve stress, enhance their personal appearance and well-being, and reduce pain. Much business is also being generated in the form of a spa experience being offered as a “gift” for birthdays and other personal celebrations.

Mr Apichai said that the Thai spas were working to upgrade the standards of their services and products, as well as the hygienic standards in the spas themselves. Efforts were also being made to improve the quality of their communications and marketing. On the medical side, Dr Med. Prapa Wongphaet, President of the Thailand Medical Tourism Cluster said,

“Thailand has more than 30 international accredited hospitals in Bangkok and various tourist destinations; such as, Pattaya, Phuket, Samui, Hua Hin, Chiang Mai, Chiang Rai and more”.

She said that two leading Bangkok hospitals were already well-known for their ability to service medical tourists from the Middle East countries. Dr Prapa, who also chairs the Health Services Business Committee of the Board of Trade said,

“Thailand could offer a complete combination of advanced medical treatments and other health related services, plus a good vacation. The most popular are health vacations, anti-aging vacations, beauty vacations, spa vacations and more mind-body wellness vacations. The most favourite adjacent services are dental treatments and dental cosmetics, medical check ups, aesthetic skin treatments, body shape up treatment, weight management programs and life-style modification programs.”

Dr Prapa said that more than 200 private and public hospitals had received the “Hospital Accreditation Certificate” issued by the Healthcare Accreditation Institute (public organization). She said that since 2010, the “Thailand Medical Tourism Cluster” concept had involved the collaboration of five government agencies and five leading business associations to support all aspects of medical and health and wellness tourism to Thailand. The following websites have been set up to provide further information of the numerous services and service providers related to medical tourism in Thailand: www.thailandmedtourism.com www.thailandmedicaltourismcluster.org Read More

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AstraZeneca Approves Thailand’s Vaccine Factory

National News Bureau of Thailand

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BANGKOK (NNT) – AstraZeneca has approved safety standards at Thailand’s vaccine factory and will send the first batch of raw materials for vaccine production in June.

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Health

Skin-lightening products market to reach US$31 billion by 2024

In emerging Asian and African economies, the natural aspiration to enhance one’s circumstances has led to rapid growth in the market for skin-lightening products, which is projected to reach US$31 billion by 2024.

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Has Covid-19 prompted the Belt and Road Initiative to go green?

Oxford Business Group

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Has Covid-19 prompted the Belt and Road Initiative to go green?
– Covid-19 led to a slowdown in BRI projects
– Chinese overseas investment dropped off in 2020
– Government remains committed to the wide-ranging infrastructure programme
– Sustainability, health and digital to be the new cornerstones of the initiative 

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Following a year of coronavirus-related disruptions, China appears to be placing a greater focus on sustainable, digital and health-related projects in its flagship Belt and Road Initiative (BRI).

As OBG outlined in April last year, the onset of Covid-19 prompted questions about the future direction of the BRI.

Launched in 2013, the BRI is an ambitious international initiative that aims to revive ancient Silk Road trade routes through large-scale infrastructure development.

By the start of 2020 some 2951 BRI-linked projects – valued at a total of $3.9trn – were planned or under way across the world.

However, as borders closed and lockdowns were imposed, progress stalled on a number of major BRI infrastructure developments.

In June China’s Ministry of Foreign Affairs announced that 30-40% of BRI projects had been affected by the virus, while a further 20% had been “seriously affected”. Restrictions on the flow of Chinese workers and construction supplies were cited as factors behind project suspensions or slowdowns in Pakistan, Cambodia and Indonesia, among other countries.

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