Bangkok, Thailand — August 14, 2023
In short: Thailand’s medical tourism sector expands with new luxury cross-border packages, capturing 40% of global revenue.
Thailand Medical Tourism Market Growth
According to Dimension Market Research, the global medical tourism market is projected to grow from USD 173.9 billion in 2023 to an estimated USD 432.4 billion by 2034, at a remarkable 19.7% CAGR. Asia Pacific dominates the market, accounting for 40% of global revenue. The expansion includes the launch of new luxury cross-border packages that bundle medical treatment, travel, and post-recovery care.
Key Details
- Market Size: USD 173.9 billion in 2023, projected to reach USD 432.4 billion by 2034.
- Asia Pacific Share: Captures 40% of global revenue.
- Luxury Packages: New cross-border packages combining medical treatment, travel, and recovery services.
What Travel Professionals Should Know
TMCs managing corporate accounts in Southeast Asia should prepare to offer clients these new luxury medical tourism packages, which present an opportunity to attract high-net-worth individuals seeking comprehensive care solutions. Airport lounges in Bangkok and other major Thai cities may need to adapt services to cater to the specific needs of medical tourists, such as providing information on post-treatment recovery facilities and travel logistics.
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