Trends, Growth, Opportunity Analysis of Medical Tourism in Thailand

Thailand Medical Tourism Industry Outlook 2024 to 2034

In the updated research report, FMI analyzed the demand for medical tourism in Thailand to be USD 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 USD 66,104.90 million figure by 2034.

Attributes	Key Insights
Thailand Medical Tourism Industry Size (2024E)	USD 15,378.00 million
Industry Valuation (2034F)	USD 66,104.90 million
Value-based CAGR (2024 to 2034)	15.7%

Megatrends Making Thailand a Top Destination for Medical Tourists

• Tourists save large sums of money when it comes to medical expenses incurred in Thailand, even if they include their travel expenses. This is inducing the patient population to travel to Thailand for medical treatment.
• Foreigners enjoy quick access to medical care in the kingdom. They can easily visit any accredited Thai hospital, even if they do not carry special documentation, without any worry.
• Thai government has simplified the visa process for medical tourists to attract large crowds of medical patients from across the globe. Patients that require long-term treatment can also avail a one-year medical visa.
• Thailand healthcare facilities are globally known for their strict hygiene standards. Additionally, the country is enthusiastic about innovation, which is why it is funding several medical research institutions.
• Short waiting times for healthcare services in Thailand are an appealing point for foreigners visiting for treatments. Foreign patients can go for walk-in appointments, and enjoy access to online healthcare services and hospital booking systems, just like Thai citizens.
• Thailand boasts of international hospitals that are situated in tourist cities and have multilingual staff. Since these hospitals are well-equipped to treat patients of cardiovascular disorders, cancer, etc. and perform high-quality cosmetic surgery, patients are flocking to the country.
• Hospitals in Thailand offer a variety of medical treatment packages that help patients save their money on medical procedures.
• The rich cultural heritage and beautiful scenery of Thailand offer medical tourists an effective way to recoup from surgery.

Category-wise Thailand Medical Tourism Industry Analysis

International Travelers Constitute Large Consumers of Medical Services in Thailand

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

Medical Reasons Motivate Age Group of People Aged 46-55 Years to Avail Medical Tourism Services of Thailand

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.

Strategies Implemented by Players in Thailand Medical Tourism Sector to Attract More Medical Tourists

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.

News Coverage

• In February 2024, Thailand released a medical coverage scheme. This campaign offers USD 14,000 to foreign tourists in case of accidents and over one million baht in case of death, all in good faith to increase confidence in travel safety.
• In December 2022, the Public Health Ministry introduced the “Health for Wealth” concept to promote medical tourism. This initiative is aimed at strengthening the country’s economic state.
• In November 2022, the Cabinet approved a 90-day stay permit for people seeking medical treatment. Additionally, Thailand announced that it will be issuing one-year visas to medical tourists, as the country represents itself as a global hub for healthcare tourism.

Key Coverage in the Thailand Medical Tourism Industry Research Report

• Overview of Medical Travel Industry
• Thailand Medical Tourism Industry Opportunities

Top Companies in the Thailand Medical Tourism Industry

• Jet Medical Tourism
• TMI Medical Tourism (Tour My India Pvt. Ltd.)
• Lotus Medical International
• World Medical and Surgical LLC
• MedEx Ventures Co. Ltd.
• Lyfboat Technologies Pvt. Ltd.
• Medical Electronic Devices and Services Inc.
• Health-Tourism.com
• Smile Planners
• Health Tour Booking (Easy Golf Booking Company Limited)
• Asia Cosmetic Getaways
• Med Tourism Co, LLC
• Thai Medical Vacation
• My Body & Spirit
• Bookimed Limited

Thailand Medical Tourism Industry by Categories

Multiple Medical Treatment Types Available in Thailand:

• Dental Treatment
• Cosmetic Treatment
• Cardiovascular Treatment
• Orthopedic Treatment
• Neurological Treatment
• Cancer Treatment
• Fertility Treatment
• Others

Different Services Offered in Thailand:

• Wellness Services
• Therapeutic Services

Type of Tourists Visiting Thailand:

• Domestic
• International

Various Tour Types Popular Among Customers:

• Independent Traveller
• Tour Group
• Package Traveller
• International

Orientation of Consumer Opting for Medical Tourism Services in Thailand:

• Men
• Women
• Children

Segregation of Visitors Based on Different Age Groups:

• 15-25 Years
• 26-35 Years
• 36-45 Years
• 46-55 Years
• 66-75 Years

Different Booking Channels Available for Medical Tourism Packages:

• Phone Booking
• Online Booking
• In-Person Booking

Frequently Asked Questions

What is the Sales Valuation of Medical Tourism in Thailand as of 2024?

The medical tourism sector of Thailand is nearly USD 15,378.00 million valuation in 2024.

What is the Demand Forecast for Thailand Medical Tourism for the Years Between 2024 to 2034?

The demand growth of medical tourism in Thailand is going to increase at a 15.70% CAGR through 2034.

How Much Revenue this Industry is Expected to Generate by 2034?

The medical tourism sector of Thailand is likely to reach USD 66,104.90 million figure by 2034.

Which Age Group Forms the Substantial Consumer Base for Medical Tourism Services of Thailand?

People between 46-55 years are the frequent consumers of Thailand’s medical tourism.

Which Players in the Thailand Medical Tourism Industry are Influential?

Lotus Medical International, World Medical and Surgical LLC, and MedEx Ventures Co. Ltd. are promising participants in the Thailand medical tourism industry.