Overview of Hospital Industry in Thailand
The Southeast Asian country, Thailand, is a healthcare leader with the most advanced economic development and healthcare infrastructure. It is claimed that no other country in the Southeast Asia can compete with facilities, quality of medical service, technologies and expertise with regards to medical devices and pharmaceuticals in the healthcare industry in Thailand.
According to the World Health Organization, it has had “a long and successful history of health development.” Health and medical care here is overseen by the Ministry of Public Health (MOPH), including many other non-ministerial government agencies, with total national expenditures on the sector counting to 4.8 percent of GDP in 2014.
With more than 99 percent of the population receiving free health care, it is very strong on the domestic side. Not only this, but it is a highly competitive destination when medical tourism is concerned taking into account its high quality of medical services with affordable prices. The underlying support for the heavy investment is being made in the healthcare sector with hospital groups raising funds and expanding, mergers being undertaken and thus making the sector to progress overseas. Healthcare is growing and seen as a source of significant opportunity and growth.
Bangkok is not the only city now to have sole Thai healthcare market. Chiang Mai, Udon Thani, Hat Yai, Nakhon Ratchasima, Khon Kaen are the two-tier cities of Thailand increasingly expanding as a result of the growth of private and public sectors. With the urbanization of these cities, their population increasingly consists of economically strong people accustomed to better living standards who are now willing to pay in the healthcare sector.
The healthcare industry of any country comprises of the service providers (diagnostic, preventive, remedial, and therapeutic) such as doctors, nurses, hospitals including other private, public, and voluntary organizations of the medical field. Not to forget, the medical equipment, pharmaceutical manufacturers, and health insurance firms are also the indispensable parts of the medical industry. So, here you will get a clearer picture of all fields included in the healthcare industry of Thailand.