Thai medical tourism sector is roaring back from Covid-19 pandemic, analysts say

23 Sept 02:13 Key points summarised by AI

Thailand's medical tourism sector is robustly recovering post-Covid, marked by increased foreign tourist arrivals and significant revenue growth in private hospitals, with a full rebound expected in 2023.
The country stands as a premier medical tourism destination, offering high-quality, cost-effective treatments and boasting 60 JCI-accredited hospitals, enabling patients to save 50-90% on medical expenses compared to the US.
The Thai government actively promotes the sector, implementing initiatives like relaxed travel restrictions, leveraging its Covid-19 response, and introducing long-stay medical visas to solidify its position as a global medical and wellness hub.
Analysts project substantial growth for Thailand's medical tourism market, forecasting it to reach US$24.4 billion by 2027, driven by the return of international patients from key regions like China, Russia, Japan, and the Middle East.

Thailand’s FDI reaches Bt271bn as high-tech projects expand

Yesterday 10:54 Key points summarised by AI

Thailand's foreign direct investment (FDI) surged by 26% year-on-year to Bt271 billion across 971 projects in the first nine months, with a significant portion (494 projects) driven by high-tech industries.
Growth was spearheaded by sectors like digital technology, AI, electric vehicles, and clean energy, largely concentrated in the Eastern Economic Corridor (EEC), with China, the US, Singapore, Japan, and Hong Kong as the top five investment sources.