PUBLISHER: Grand View Research | PRODUCT CODE: 1511951
PUBLISHER: Grand View Research | PRODUCT CODE: 1511951
Thailand Medical Tourism Market Size, Share & Trends Analysis Report By Treatment Type (Neurosurgery And Spine Surgery, ENT Surgery, Dentistry, Oncology), And Segment Forecasts, 2024 - 2030
Thailand Medical Tourism Market Growth & Trends:
The Thailand medical tourism market is anticipated to reach USD 16.0 billion by 2030, and projected to expand at a CAGR of 42.9% from 2024 to 2030, according to a new report by Grand View Research, Inc. Medical treatments and procedures in Thailand are more affordable as compared to that in Western countries, making it a better option for those looking for high-quality medical care at a lower cost. Thailand is well-connected by air to major cities around the world, making it convenient for patients to travel to the country for medical treatment. The country also offers visa-free arrivals for citizens of many countries, making it easier for patients to access healthcare services.
Moreover, several novel technologies are being incorporated into travel recovery. According to the Google Cloud in 2023, the open data cloud has enabled airports and EVme in Thailand to reshape the future of travel. According to the same source, it is reported that the google search queries related to "insurance during travel" and "medical tourism" in the country have increased by more than 900% and 500% respectively. The rise of the internet and digital communication has made it easier for people to research and gain knowledge about these healthcare facilities in the country.
Thailand is preferred for bariatric, cosmetic surgeries and procedures such as laser tattoo removal, liposuction, hair transplantation, and cool sculpting. Procedures such as gastric bypass, hip and knee replacement, are more affordable and accessible in this country, as compared to some of the developed countries including UK and the U.S.
Thailand Medical Tourism Market Report Highlights:
- The oncology segment dominated the treatment type segment with more than 25% share in 2023 owing to the increasing number of cancer patients worldwide.
- The medical procedures in Thailand can be up to 75% less expensive than in Western countries such as the U.S., Spain, Germany, and Canada. For instance, a heart bypass surgery that could cost USD 100,000 in the U.S. can be performed for USD 10,000 in Thailand, that too including the cost of airfare and accommodation.
- The neurosurgery and spine surgery segment is expected to grow at the fastest CAGR over the forecast period.
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Market Segmentation & Scope
- 1.2. Segment Definitions
- 1.2.1. Treatment Type
- 1.2.2. Estimates and forecasts timeline
- 1.3. Research Methodology
- 1.4. Information Procurement
- 1.4.1. Purchased database
- 1.4.2. GVR's internal database
- 1.4.3. Secondary sources
- 1.4.4. Primary research
- 1.5. Information or Data Analysis
- 1.5.1. Data analysis models
- 1.6. Market Formulation & Validation
- 1.7. Model Details
- 1.7.1. Commodity flow analysis (Model 1)
- 1.7.2. Volume price analysis (Model 2)
- 1.8. List of Secondary Sources
- 1.9. List of Primary Sources
- 1.10. Objectives
Chapter 2. Executive Summary
- 2.1. Market Outlook
- 2.2. Segment Outlook
- 2.2.1. Treatment Type
- 2.3. Competitive Insights
Chapter 3. Thailand Medical Tourism Market Variables, Trends & Scope
- 3.1. Market Lineage Outlook
- 3.1.1. Parent market outlook
- 3.1.2. Related/ancillary market outlook
- 3.2. Market Dynamics
- 3.2.1. Market driver analysis
- 3.2.2. Market restraint analysis
- 3.3. Thailand Medical Tourism Market Analysis Tools
- 3.3.1. Industry Analysis - Porter's
- 3.3.1.1. Supplier power
- 3.3.1.2. Buyer power
- 3.3.1.3. Substitution threat
- 3.3.1.4. Threat of new entrant
- 3.3.1.5. Competitive rivalry
- 3.3.2. PESTEL Analysis
- 3.3.2.1. Political landscape
- 3.3.2.2. Technological landscape
- 3.3.2.3. Economic landscape
- 3.3.1. Industry Analysis - Porter's
Chapter 4. Thailand Medical Tourism Market: Treatment Type Estimates & Trend Analysis
- 4.1. Treatment Type Market Share, 2023 & 2030
- 4.2. Segment Dashboard
- 4.3. Global Thailand Medical Tourism Market by Treatment Type Outlook
- 4.4. Market Size & Forecasts and Trend Analyses, 2018 to 2030 for the Following
- 4.4.1. Neurosurgery and Spine Surgery
- 4.4.1.1. Market estimates and forecasts 2018 to 2030 (USD Million)
- 4.4.2. ENT Surgery
- 4.4.2.1. Market estimates and forecasts 2018 to 2030 (USD Million)
- 4.4.3. Dentistry
- 4.4.3.1. Market estimates and forecasts 2018 to 2030 (USD Million)
- 4.4.4. Oncology
- 4.4.4.1. Market estimates and forecasts 2018 to 2030 (USD Million)
- 4.4.5. Gynecology
- 4.4.5.1. Market estimates and forecasts 2018 to 2030 (USD Million)
- 4.4.6. Urology
- 4.4.6.1. Market estimates and forecasts 2018 to 2030 (USD Million)
- 4.4.7. Ophthalmology
- 4.4.7.1. Market estimates and forecasts 2018 to 2030 (USD Million)
- 4.4.8. Plastic & Reconstructive Surgeries
- 4.4.8.1. Market estimates and forecasts 2018 to 2030 (USD Million)
- 4.4.9. Others
- 4.4.9.1. Market estimates and forecasts 2018 to 2030 (USD Million)
- 4.4.1. Neurosurgery and Spine Surgery
Chapter 5. Competitive Landscape
- 5.1. Recent Developments & Impact Analysis, By Key Market Participants
- 5.2. Company/Competition Categorization
- 5.3. Company Profiles
- 5.3.1. Bumrungrad International Hospital
- 5.3.1.1. Company overview
- 5.3.1.2. Financial performance
- 5.3.1.3. Product benchmarking
- 5.3.1.4. Strategic initiatives
- 5.3.2. Mount Elizabeth Hospitals
- 5.3.2.1. Company overview
- 5.3.2.2. Financial performance
- 5.3.2.3. Product benchmarking
- 5.3.2.4. Strategic initiatives
- 5.3.3. Raffles Medical Group
- 5.3.3.1. Company overview
- 5.3.3.2. Financial performance
- 5.3.3.3. Product benchmarking
- 5.3.3.4. Strategic initiatives
- 5.3.4. Kasemrad Hospital International Rattanathibet
- 5.3.4.1. Company overview
- 5.3.4.2. Financial performance
- 5.3.4.3. Product benchmarking
- 5.3.4.4. Strategic initiatives
- 5.3.5. Mission Hospital
- 5.3.5.1. Company overview
- 5.3.5.2. Financial performance
- 5.3.5.3. Product benchmarking
- 5.3.5.4. Strategic initiatives
- 5.3.6. Bangkok Hospital
- 5.3.6.1. Company overview
- 5.3.6.2. Financial performance
- 5.3.6.3. Product benchmarking
- 5.3.6.4. Strategic initiatives
- 5.3.7. Miot Hospital
- 5.3.7.1. Company overview
- 5.3.7.2. Financial performance
- 5.3.7.3. Product benchmarking
- 5.3.7.4. Strategic initiatives
- 5.3.8. Penang Adventist Hospital
- 5.3.8.1. Company overview
- 5.3.8.2. Financial performance
- 5.3.8.3. Product benchmarking
- 5.3.8.4. Strategic initiatives
- 5.3.1. Bumrungrad International Hospital
List of Tables
- Table 1 List of abbreviations
- Table 2 Thailand medical tourism market, by treatment type, 2018 - 2030 (USD Million)
List of Figures
- Fig. 1 Market research process
- Fig. 2 Data triangulation techniques
- Fig. 3 Primary research pattern
- Fig. 4 Market research approaches
- Fig. 5 Value-chain-based sizing & forecasting
- Fig. 6 QFD modeling for market share assessment
- Fig. 7 Market formulation & validation
- Fig. 8 Thailand medical tourism market: Market outlook
- Fig. 9 Thailand medical tourism market: Competitive insights
- Fig. 10 Parent market outlook
- Fig. 11 Related/ancillary market outlook
- Fig. 12 Penetration and growth prospect mapping
- Fig. 13 Thailand medical tourism market driver impact
- Fig. 14 Thailand medical tourism market restraint impact
- Fig. 15 Thailand medical tourism market: Treatment type movement analysis
- Fig. 16 Neurosurgery and spine surgery market estimates and forecast, 2018 - 2030 (USD Million)
- Fig. 17 ENT surgery estimates and forecast, 2018 - 2030 (USD Million)
- Fig. 18 Dentistry market estimates and forecast, 2018 - 2030 (USD Million)
- Fig. 19 Oncology estimates and forecast, 2018 - 2030 (USD Million)
- Fig. 20 Gynecology market estimates and forecast, 2018 - 2030 (USD Million)
- Fig. 21 Urology estimates and forecast, 2018 - 2030 (USD Million)
- Fig. 22 Ophthalmology market estimates and forecast, 2018 - 2030 (USD Million)
- Fig. 23 Plastic & reconstructive surgeries estimates and forecast, 2018 - 2030 (USD Million)
- Fig. 24 Others market estimates and forecast, 2018 - 2030 (USD Million)
