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Home » Thailand's healthcare and wellness industry expected to grow by 9% annually
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Thailand's healthcare and wellness industry expected to grow by 9% annually

adminBy adminDecember 4, 2024No Comments2 Mins Read
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Mr. Kuritawit Lerutsahakul, Managing Director, Principle Capital

Kritawit Lertusahakul, managing director of Principle Capital, said Thailand's healthcare business is seeing an increase in specialty hospitals, especially in economic areas such as Bangkok and surrounding areas.

He explained that medical services for the elderly, such as nursing homes and transporting patients to hospitals, are expanding, and demand for infertility treatment, health, anti-aging and beauty is also expanding.

Kritawit said the healthcare business is growing due to five factors: government healthcare systems, population growth, pandemics caused by climate change, an aging population and the arrival of foreigners.

He cautioned investors to thoroughly research the healthcare market before investing, saying it could take three to five years to break even when building a new private hospital.

He said the healthcare business will grow steadily over the next five to 10 years, but operators need to develop services to ensure everyone has access to treatment.

Thailand's healthcare and wellness industry expected to grow by 9% annually

Maharaj Nakhon Chiang Mai Hospital Director Narain Chotirosniramit said hospital operators are implementing digital solutions to support the growing demand for medical services.

He said artificial intelligence, whether it's blood tests or X-rays, will play an important role in the healthcare industry in the next three to four years, adding that the hospital is fully integrated to provide artificial intelligence. It added that it has invested more than 100 million baht in laboratory automation. patient.

Mr. Lapaslada Lertopanullo, CEO of Master Style Plc

Lapaslada Lertopanulo, CEO of Masterstyle, which operates Masterpiece Hospital, said people are turning to beauty services, especially Korean beauty services, to boost their confidence.

The most popular service remains rhinoplasty, followed by eyebrow lift, facelift, neck lift, breast augmentation and liposuction, she explains, adding that the beauty market has steadily grown over time due to customer demand. He added that he is doing so.



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