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Thailand Medical Tourism Industry Outlook to 2015

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  • 1. TABLE OF CONTENTS1. Medical Tourism in Thailand - Overview Types of Medical Travelers Profile2. Medical Tourism Value Chain in Thailand3. Total Foreign Patients Treated and Foreign Patients Revenue in Thailand, 2005-20104. Medical Tourism Treatment Cost Comparison, 20105. Foreign Patients by Nationality, 20106. Competitive Landscape of Major Hospitals (Piyavate, Bumrungrad Hospital, BangkokDusit Medical Services), 2010 6.1. Market Share of Major Thailand Hospitals by Number of Foreign Patients Treated, 20107. Major Drivers and Growth Barriers Major Drivers Growth Barriers8. Thailand Medical Tourism Future Outlook and Projections 8.1. Expected Foreign Patients and Foreign Patients Revenue, 2011-20159. Medical Tourism Industry Factors: Historical and Projections 9.1. Total Foreign Tourist Arrivals and Tourism Receipts in Thailand, 2005-2015 9.2. Healthcare Expenditure in Thailand, 2005-201510. Appendix 10.1. Market Definition 10.2. Abbreviations 10.3. Research Methodology Data Collection Methods Approach Disclaimer 2
  • 2. LIST OF FIGURESFigure 1: Number of Total Foreign Patients in Thousands and Foreign Patients Revenue inThailand in USD Million, 2005-2010Figure 2: Foreign Patients by Nationality in Percentage, 2010Figure 3: Market Share of Major Hospitals on the Basis of Number of Foreign PatientsTreated, in Percentage, 2010Figure 4: Expected Foreign Patients in Thousands and Foreign Patients Revenue in USDMillion, 2011-2015Figure 5: Total Foreign Tourist Arrivals in Million and Tourism Receipts in USD Billion,2005-2015Figure 6: Healthcare Expenditure in Thailand, in USD Billion, 2005-2015 3
  • 3. LIST OF TABLESTable 1: Medical Treatment Cost Comparison among the US, India, Thailand, Singapore,Malaysia, Mexico and the UK, in USD, 2010Table 2: Foreign Patients by Nationality in Thousands, 2010Table 3: Competitive Landscape of Major Hospital Chain/Group in Thailand (Piyavate,Bumrungrad Hospital, Bangkok Dusit Medical Services), 2010Table 4: Key Performance Indicators of Major Indian Hospitals in Terms of Foreign PatientsTreated, No. of Hospitals and Beds, 2010Table 5: Total Foreign Tourist Arrivals in Million and Tourism Receipts in USD Billion,2005-2015 4
  • 4. MEDICAL TOURISM IN THAILANDTOTAL FOREIGN PATIENTS TREATED AND FOREIGNPATIENTS REVENUE IN THAILAND, 2005-2010Thailand health tourism industry has witnessed many peaks and troughs in the last decade.The country has witnessed several challenges in terms of political protest, natural disastersand financial turmoil which have disrupted the industry and has caused a huge opportunity loss to the country. However, Thailand has recuperated Bangkok, Chiang Mai, Koh from these challenges and has managed to register a Samui and Phuket are touted considerable average annual growth of ~% in the last 5 as the epicenter of health care years.services in Thailand The total number of foreign patients has increased from ~thousand in 2005 to ~ thousand in 2010. Factors such as international accreditation, updatedtechnology, highly qualified medical personnel and affordable costs have contributed to thegrowth of this industry. Bangkok, Chiang Mai, Koh Samui and Phuket are touted as theepicenter of health care services in Thailand and have become the hub for medical tourism.Figure: Number of Total Foreign Patients in Thousands and Foreign Patients Revenuein Thailand in USD Million, 2005-2010 1,800.0 1,400.0 1,600.0 1,200.0 1,400.0 1,000.0 1,200.0 (USD Million)(Thousand) 1,000.0 800.0 800.0 600.0 600.0 400.0 400.0 200.0 200.0 0.0 0.0 2005 2006 2007 2008 2009 2010 Foreign Patients (Thousand) Foreign Patients Receipts (USD Million) 5
  • 5. MEDICAL TOURISM TREATMENT COST COMPARISON, 2010There is huge difference in the cost of the treatment being offered in the US and in Asiancountries. For instance, Angioplasty treatment will cost USD ~ in the US while it will costUSD ~ in India and Malaysia, USD ~ in Thailand and USD ~ in Singapore. This hugedifference in the cost is largely due to the lower labour cost in the countries in Asia region.Even in case of medical diagnostic tests such as MRI scan, there exists a huge gap betweenthe cost charged in the US and in India.Table: Medical Treatment Cost Comparison among the US, India, Thailand, Singapore,Malaysia, Mexico and the UK, in USD, 2010 SouthProcedure1,2 The US India Thailand Singapore Malaysia Mexico KoreaHeart bypass(CABG)Heart ValvereplacementAngioplastyHip replacementKnee replacementGastric bypassHip resurfacingSpinal fusionMastectomyRhinoplastyTummy TuckBreast reductionBreast implantsCrownTooth whitening 6
  • 6. Dental implantsNotes:1. Costs of surgeries around the world. Costs given in USD2. The price comparisons for surgery take into account hospital and doctor charges, but do not include the costs of flightsand hotel bills for the expected length of stay.FOREIGN PATIENTS BY NATIONALITY, 2010Thailand is one of major health tourism destination for international patients especially forthe Middle East with the high class medical technology, low cost treatments and enriching tourist experience. The country has registered the Thailand has registered the largest largest foreign patients’ arrivals from UAE which foreign patients’ arrivals from UAE accounted for ~% of the total foreign patients in 2010. which accounted for ~% of the total This is followed by Qatar and Oman which accounted foreign patients in 2010 for ~% and ~% of the total foreign patients respectively. Japan and Myanmar is the fourth andfifth largest contributor to the total foreign patients’ arrivals. Around ~ thousand Japaneseand ~ thousand Myanmar patients were treated in Thailand in 2010…Figure: Foreign Patients by Nationality in Percentage, 2010 UAE Qatar Oman Japan Myanmar Bangladesh US UK Others 7
  • 7. Table: Foreign Patients by Nationality in Thousands, 2010Nationality Foreign Patients (Thousands), 2010UAEQatarOmanJapanMyanmarBangladeshUSUKOthersCOMPETITIVE LANDSCAPE OF MAJOR HOSPITALS (PIYAVATE,BUMRUNGRAD HOSPITAL, BANGKOK DUSIT MEDICALSERVICES), 2010MARKET SHARE OF MAJOR THAILAND HOSPITALS BY NUMBEROF FOREIGN PATIENTS TREATED, 2010Bumrungrad Hospital is the leader in Thailand in terms of the foreign patients treated withthe market share of ~% in 2010. The hospital treated ~ international patients in 2010 from ~countries and generated USD ~ million revenues from foreign patients. Bangkok Dusit Medical Services is the second largest foreign Bumrungrad Hospital is the leader in patients treating hospital in Thailand which served Thailand in terms of the foreign patients treated with the market over ~ international patients in 2010 and recorded share of ~% in 2010. The hospital international patients’ revenue of USD ~ million. treated ~ international patients in The group operates with ~ inpatient beds and 2010 from ~ countries specializes in endocrinology (diabetes), gynecology, nephrology (kidneys), orthopedics,radiology, urology, cosmetic surgery, eye and LASIK, gastrointestinal tract and liver, and ear,nose and throat (ENT) treatments. 8
  • 8. Table 1: Key Performance Indicators of Major Indian Hospitals in Terms of ForeignPatients Treated, No. of Hospitals and Beds, 2010 International PatientsHospital Chain/Group Foreign Patients Number of Beds Revenue (USD Million)Bumrungrad HospitalBangkok Dusit MedicalServices (BDMS)Piyavate HospitalVejthani HospitalTHAILAND MEDICAL TOURISM FUTURE OUTLOOK ANDPROJECTIONS…Overall, the long term prospects of the country’s medical tourism industry look promisingwith profound healthcare support, developed infrastructure and natural attractions. It isexpected that number of foreign patients in the country will increase at an expected CAGR of~% to ~ thousand in 2015 from ~ thousand in 2010, given normal business conditions of nopolitical unrest and travelers’ sustained confidence level in the healthcare sector. The revenuefrom foreign patients will also grow to USD ~ million by 2015, registering an expectedCAGR of ~%. 9
  • 9. EXPECTED FOREIGN PATIENTS AND FOREIGN PATIENTSREVENUE, 2011-2015Figure: Expected Foreign Patients in Thousands and Foreign Patients Revenue in USDMillion, 2011-2015 2,500.0 2,000.0 1,800.0 2,000.0 1,600.0 1,400.0 (USD Million) 1,500.0 1,200.0(Thousands) 1,000.0 1,000.0 800.0 600.0 500.0 400.0 200.0 0.0 0.0 2011 2012 2013 2014 2015 Foreign Patients (Thousand) Foreign Patients Receipts (USD Million)DISCLAIMERNo part of this manual or any material appearing may be reproduced, stored in ortransmitted on any other Web site without written permission of AM Mindpower Solutionsand any payments of a specified fee. Requests to republish any material may be sent to us. 10

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