In the updated research report, FMI analyzed the demand for medical tourism in Thailand to be US$ 15,378.00 million in 2024. Factors like high standards for medical care, reasonable fees, quality treatments, and affordable cost of living for long-stayers make Thailand a popular choice for medical tourists.
With favorable medical visa and constant government support, key players can anticipate sales from medical tourism in Thailand to exceed US$ 66,104.90 million figure by 2034.
| Attributes | Key Insights |
|---|---|
| Thailand Medical Tourism Industry Size (2024E) | US$ 15,378.00 million |
| Industry Valuation (2034F) | US$ 66,104.90 million |
| Value-based CAGR (2024 to 2034) | 15.7% |
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| Leading Tourist Type | International |
|---|---|
| Value Share (2024) | 63.0% |
International tourists account for 63% value share in 2024. International travelers are flocking to Thailand to enjoy affordable treatment options. Visiting medical tourists from developed countries also benefit from the favorable currency exchange rates.
Medical tourists are also choosing Thailand for its exceptional hospitality services. The climate of Thailand offers a relaxing stay after a surgical procedure. The top-notch facilities and highly qualified experts in Thailand make it a popular choice among international tourists, thus influencing the adoption trends
| Leading Age Group Segment | 46-55 Years |
|---|---|
| Value Share (2024) | 62.0% |
Geriatric popular are susceptible to various diseases, chronic pain, or illnesses. This population base is more likely to pursue medical treatments for their illnesses, diseases, or joint problems. In case, the treatment costs in their homeland are out of their pocket, people prefer to travel abroad to get treated.
Principal Consultant
Key players can work on branding the medical tourism of Thailand in the global industry by highlighting the expertise of Thailand’ healthcare industry in certain treatments. Other than that, competitors are using soft power to induce interest among foreigners to visit Thailand for affordable and high-quality medical treatments.
Principal players are forming alliances with players in different business sectors like hotels, airlines, rehabilitation centers, insurance companies, spas, and tour operators, to provide comprehensive medical tourism packages to their customers. A key benefit of this strategy is that players can reach more tourists by promoting their value-for-money packages.
The healthcare sector in Thailand is constantly upgrading its service quality and advancing its treatment procedures to maintain its position in the global industry. Players can emphasize this aspect while selling packages.
Another such progress is the use of HealthTech in the medical center, as it leads to convenience and efficiency in providing medical services. This aspect of the medical sector in Thailand is acting as a selling point for industry participants.
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The medical tourism sector of Thailand is nearly US$ 15,378.00 million valuation in 2024.
The demand growth of medical tourism in Thailand is going to increase at a 15.70% CAGR through 2034.
The medical tourism sector of Thailand is likely to reach US$ 66,104.90 million figure by 2034.
People between 46-55 years are the frequent consumers of Thailand’s medical tourism.
Lotus Medical International, World Medical and Surgical LLC, and MedEx Ventures Co. Ltd. are promising participants in the Thailand medical tourism industry.
1. Executive Summary
1.1. Thailand Market Outlook
1.2. Demand-side Trends
1.3. Supply-side Trends
1.4. Technology Roadmap Analysis
1.5. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Market Background
3.1. Market Dynamics
3.1.1. Drivers
3.1.2. Restraints
3.1.3. Opportunity
3.1.4. Trends
3.2. Scenario Forecast
3.2.1. Demand in Optimistic Scenario
3.2.2. Demand in Likely Scenario
3.2.3. Demand in Conservative Scenario
3.3. Opportunity Map Analysis
3.4. Investment Feasibility Matrix
3.5. PESTLE and Porter’s Analysis
3.6. Regulatory Landscape
3.6.1. By Key Regions
3.6.2. By Key Countries
3.7. Regional Parent Market Outlook
4. Market Analysis 2019 to 2023 and Forecast, 2024 to 2034
4.1. Historical Market Size Value (US$ Million) Analysis, 2019 to 2023
4.2. Current and Future Market Size Value (US$ Million) Projections, 2024 to 2034
4.2.1. Y-o-Y Growth Trend Analysis
4.2.2. Absolute $ Opportunity Analysis
5. Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Treatment Type
5.1. Introduction / Key Findings
5.2. Historical Market Size Value (US$ Million) Analysis By Treatment Type, 2019 to 2023
5.3. Current and Future Market Size Value (US$ Million) Analysis and Forecast By Treatment Type, 2024 to 2034
5.3.1. Dental Treatment
5.3.2. Cosmetic Treatment
5.3.3. Cardiovascular Treatment
5.3.4. Orthopaedic Treatment
5.3.5. Neurological Treatment
5.3.6. Cancer Treatment
5.3.7. Others
5.4. Y-o-Y Growth Trend Analysis By Treatment Type, 2019 to 2023
5.5. Absolute $ Opportunity Analysis By Treatment Type, 2024 to 2034
6. Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Services
6.1. Introduction / Key Findings
6.2. Historical Market Size Value (US$ Million) Analysis By Services, 2019 to 2023
6.3. Current and Future Market Size Value (US$ Million) Analysis and Forecast By Services, 2024 to 2034
6.3.1. Wellness Services
6.3.2. Therapeutic Services
6.4. Y-o-Y Growth Trend Analysis By Services, 2019 to 2023
6.5. Absolute $ Opportunity Analysis By Services, 2024 to 2034
7. Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Tourist Type
7.1. Introduction / Key Findings
7.2. Historical Market Size Value (US$ Million) Analysis By Tourist Type, 2019 to 2023
7.3. Current and Future Market Size Value (US$ Million) Analysis and Forecast By Tourist Type, 2024 to 2034
7.3.1. Domestic Tourist
7.3.2. International Tourist
7.4. Y-o-Y Growth Trend Analysis By Tourist Type, 2019 to 2023
7.5. Absolute $ Opportunity Analysis By Tourist Type, 2024 to 2034
8. Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Tour Type
8.1. Introduction / Key Findings
8.2. Historical Market Size Value (US$ Million) Analysis By Tour Type, 2019 to 2023
8.3. Current and Future Market Size Value (US$ Million) Analysis and Forecast By Tour Type, 2024 to 2034
8.3.1. Independent Traveller
8.3.2. Tour Group
8.3.3. Package Traveller
8.4. Y-o-Y Growth Trend Analysis By Tour Type, 2019 to 2023
8.5. Absolute $ Opportunity Analysis By Tour Type, 2024 to 2034
9. Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Consumer Orientation
9.1. Introduction / Key Findings
9.2. Historical Market Size Value (US$ Million) Analysis By Consumer Orientation, 2019 to 2023
9.3. Current and Future Market Size Value (US$ Million) Analysis and Forecast By Consumer Orientation, 2024 to 2034
9.3.1. Men
9.3.2. Women
9.3.3. Children
9.4. Y-o-Y Growth Trend Analysis By Consumer Orientation, 2019 to 2023
9.5. Absolute $ Opportunity Analysis By Consumer Orientation, 2024 to 2034
10. Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Age Group
10.1. Introduction / Key Findings
10.2. Historical Market Size Value (US$ Million) Analysis By Age Group, 2019 to 2023
10.3. Current and Future Market Size Value (US$ Million) Analysis and Forecast By Age Group, 2024 to 2034
10.3.1. 15-25 Years
10.3.2. 26-35 Years
10.3.3. 36-45 Years
10.3.4. 46-55 Years
10.3.5. 56-65 Years
10.3.6. 66-75 Years
10.3.7. Above 75 Years
10.4. Y-o-Y Growth Trend Analysis By Age Group, 2019 to 2023
10.5. Absolute $ Opportunity Analysis By Age Group, 2024 to 2034
11. Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Booking Channel
11.1. Introduction / Key Findings
11.2. Historical Market Size Value (US$ Million) Analysis By Booking Channel, 2019 to 2023
11.3. Current and Future Market Size Value (US$ Million) Analysis and Forecast By Booking Channel, 2024 to 2034
11.3.1. Phone Booking
11.3.2. Online Booking
11.3.3. In-Person Booking
11.4. Y-o-Y Growth Trend Analysis By Booking Channel, 2019 to 2023
11.5. Absolute $ Opportunity Analysis By Booking Channel, 2024 to 2034
12. Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Region
12.1. Introduction
12.2. Historical Market Size Value (US$ Million) Analysis By Region, 2019 to 2023
12.3. Current Market Size Value (US$ Million) Analysis and Forecast By Region, 2024 to 2034
12.3.1. Northern Thailand
12.3.2. North-eastern Thailand
12.3.3. Western Thailand
12.3.4. Central Thailand
12.3.5. Eastern Thailand
12.3.6. Southern Thailand
12.4. Market Attractiveness Analysis By Region
13. Northern Market Analysis 2019 to 2023 and Forecast 2024 to 2034
13.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2019 to 2023
13.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2024 to 2034
13.2.1. By Treatment Type
13.2.2. By Services
13.2.3. By Tourist Type
13.2.4. By Tour Type
13.2.5. By Consumer Orientation
13.2.6. By Age Group
13.2.7. By Booking Channel
13.3. Market Attractiveness Analysis
13.3.1. By Treatment Type
13.3.2. By Services
13.3.3. By Tourist Type
13.3.4. By Tour Type
13.3.5. By Consumer Orientation
13.3.6. By Age Group
13.3.7. By Booking Channel
13.4. Key Takeaways
14. Northeastern Market Analysis 2019 to 2023 and Forecast 2024 to 2034
14.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2019 to 2023
14.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2024 to 2034
14.2.1. By Treatment Type
14.2.2. By Services
14.2.3. By Tourist Type
14.2.4. By Tour Type
14.2.5. By Consumer Orientation
14.2.6. By Age Group
14.2.7. By Booking Channel
14.3. Market Attractiveness Analysis
14.3.1. By Treatment Type
14.3.2. By Services
14.3.3. By Tourist Type
14.3.4. By Tour Type
14.3.5. By Consumer Orientation
14.3.6. By Age Group
14.3.7. By Booking Channel
14.4. Key Takeaways
15. Western Market Analysis 2019 to 2023 and Forecast 2024 to 2034
15.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2019 to 2023
15.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2024 to 2034
15.2.1. By Treatment Type
15.2.2. By Services
15.2.3. By Tourist Type
15.2.4. By Tour Type
15.2.5. By Consumer Orientation
15.2.6. By Age Group
15.2.7. By Booking Channel
15.3. Market Attractiveness Analysis
15.3.1. By Treatment Type
15.3.2. By Services
15.3.3. By Tourist Type
15.3.4. By Tour Type
15.3.5. By Consumer Orientation
15.3.6. By Age Group
15.3.7. By Booking Channel
15.4. Key Takeaways
16. Central Market Analysis 2019 to 2023 and Forecast 2024 to 2034
16.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2019 to 2023
16.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2024 to 2034
16.2.1. By Treatment Type
16.2.2. By Services
16.2.3. By Tourist Type
16.2.4. By Tour Type
16.2.5. By Consumer Orientation
16.2.6. By Age Group
16.2.7. By Booking Channel
16.3. Market Attractiveness Analysis
16.3.1. By Treatment Type
16.3.2. By Services
16.3.3. By Tourist Type
16.3.4. By Tour Type
16.3.5. By Consumer Orientation
16.3.6. By Age Group
16.3.7. By Booking Channel
16.4. Key Takeaways
17. Eastern Market Analysis 2019 to 2023 and Forecast 2024 to 2034
17.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2019 to 2023
17.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2024 to 2034
17.2.1. By Treatment Type
17.2.2. By Services
17.2.3. By Tourist Type
17.2.4. By Tour Type
17.2.5. By Consumer Orientation
17.2.6. By Age Group
17.2.7. By Booking Channel
17.3. Market Attractiveness Analysis
17.3.1. By Treatment Type
17.3.2. By Services
17.3.3. By Tourist Type
17.3.4. By Tour Type
17.3.5. By Consumer Orientation
17.3.6. By Age Group
17.3.7. By Booking Channel
17.4. Key Takeaways
18. Southern Market Analysis 2019 to 2023 and Forecast 2024 to 2034
18.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2019 to 2023
18.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2024 to 2034
18.2.1. By Treatment Type
18.2.2. By Services
18.2.3. By Tourist Type
18.2.4. By Tour Type
18.2.5. By Consumer Orientation
18.2.6. By Age Group
18.2.7. By Booking Channel
18.3. Market Attractiveness Analysis
18.3.1. By Treatment Type
18.3.2. By Services
18.3.3. By Tourist Type
18.3.4. By Tour Type
18.3.5. By Consumer Orientation
18.3.6. By Age Group
18.3.7. By Booking Channel
18.4. Key Takeaways
19. Market Structure Analysis
19.1. Competition Dashboard
19.2. Competition Benchmarking
19.3. Market Share Analysis of Top Players
19.3.1. By Regional
19.3.2. By Treatment Type
19.3.3. By Services
19.3.4. By Tourist Type
19.3.5. By Tour Type
19.3.6. By Consumer Orientation
19.3.7. By Age Group
19.3.8. By Booking Channel
20. Competition Analysis
20.1. Competition Deep Dive
20.1.1. Jet Medical Tourism
20.1.1.1. Overview
20.1.1.2. Product Portfolio
20.1.1.3. Profitability by Market Segments
20.1.1.4. Sales Footprint
20.1.1.5. Strategy Overview
20.1.1.5.1. Marketing Strategy
20.1.2. Lotus Medical International
20.1.2.1. Overview
20.1.2.2. Product Portfolio
20.1.2.3. Profitability by Market Segments
20.1.2.4. Sales Footprint
20.1.2.5. Strategy Overview
20.1.2.5.1. Marketing Strategy
20.1.3. World Medical and Surgical LLC
20.1.3.1. Overview
20.1.3.2. Product Portfolio
20.1.3.3. Profitability by Market Segments
20.1.3.4. Sales Footprint
20.1.3.5. Strategy Overview
20.1.3.5.1. Marketing Strategy
20.1.4. MedEx Ventures Co. Ltd.
20.1.4.1. Overview
20.1.4.2. Product Portfolio
20.1.4.3. Profitability by Market Segments
20.1.4.4. Sales Footprint
20.1.4.5. Strategy Overview
20.1.4.5.1. Marketing Strategy
20.1.5. Lyfboat Technologies Pvt. Ltd.
20.1.5.1. Overview
20.1.5.2. Product Portfolio
20.1.5.3. Profitability by Market Segments
20.1.5.4. Sales Footprint
20.1.5.5. Strategy Overview
20.1.5.5.1. Marketing Strategy
20.1.6. Medical Electronic Devices and Services Inc.
20.1.6.1. Overview
20.1.6.2. Product Portfolio
20.1.6.3. Profitability by Market Segments
20.1.6.4. Sales Footprint
20.1.6.5. Strategy Overview
20.1.6.5.1. Marketing Strategy
20.1.7. Health-Tourism.com
20.1.7.1. Overview
20.1.7.2. Product Portfolio
20.1.7.3. Profitability by Market Segments
20.1.7.4. Sales Footprint
20.1.7.5. Strategy Overview
20.1.7.5.1. Marketing Strategy
20.1.8. Smile Planners
20.1.8.1. Overview
20.1.8.2. Product Portfolio
20.1.8.3. Profitability by Market Segments
20.1.8.4. Sales Footprint
20.1.8.5. Strategy Overview
20.1.8.5.1. Marketing Strategy
20.1.9. Health Tour Booking
20.1.9.1. Overview
20.1.9.2. Product Portfolio
20.1.9.3. Profitability by Market Segments
20.1.9.4. Sales Footprint
20.1.9.5. Strategy Overview
20.1.9.5.1. Marketing Strategy
20.1.10. Med Tourism Co, LLC
20.1.10.1. Overview
20.1.10.2. Product Portfolio
20.1.10.3. Profitability by Market Segments
20.1.10.4. Sales Footprint
20.1.10.5. Strategy Overview
20.1.10.5.1. Marketing Strategy
20.1.11. Thai Medical Vacation
20.1.11.1. Overview
20.1.11.2. Product Portfolio
20.1.11.3. Profitability by Market Segments
20.1.11.4. Sales Footprint
20.1.11.5. Strategy Overview
20.1.11.5.1. Marketing Strategy
21. Assumptions & Acronyms Used
22. Research Methodology
Travel and Tourism
May 2024
REP-GB-15335
324 pages
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Trends, Growth, Opportunity Analysis of Medical Tourism in Thailand
