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
