Mr. Phacharapot Nantaramas, Executive Vice President, Krungthai COMPASS Research Center, Krung Thai Bank, revealed that in the midst of the COVID-19 crisis, That spread all over the world Thailand has demonstrated the international potential of medicine. Reinforces the readiness to be an international health hub (Medical Hub) that will help drive the economy of the future. Which not only helps increase employment and draw money into the country It also results in a positive link to many related businesses. The key elements that will drive Thailand’s medical service hub are: 1. Medical Service Hub, 2. Wellness Hub, 3. Product Hub, and 4. Academic Center for Academic Services and Research (Academic Hub)
“It is clear that Thai medical services It is ready to help promote its medical hub, reflecting its international reputation for quality of treatment. Which if combined with modern medical trends This will further increase the confidence in the quality of treatment in Thailand on par with the leading countries in medical science such as the United States or Europe. “
Ms. Suchitra Anno, an analyst at Krungthai COMPASS Research Center, said that modern medical trends that will promote Thailand closer to the dream of being a Medical Hub include 1. Precision Medicine or specific medicine. It is an innovation in medicine that can use genetic information for diagnosis, treatment, drug selection. Predicting treatment results For the most effective treatment results It is expected to have a global market value of US $ 4.77 billion in 2025 or an average annual growth of 9.7%. 2. Degenerative Medicine. (Regenerative Medicine) or rehabilitation medicine. It is a modern medicine that focuses on replacing, repairing, restoring cells and tissues. Including organs that have been injured or deteriorated from aging It is expected that by 2021, the global market value will increase 2.5 times from 2019, worth 7.68 billion dollars. Average growth of 19.8% per year and 3. Reproductive medicine. (Reproductive Medicine) is a treatment for infertility. By using assisted reproductive technologies such as IVF, ICSI, IUI
”It is expected that in 2025 there will be a world market value of more than US $ 22.9 billion. The average annual growth rate of 9% is the most popular method of IVF. Thailand is quite famous in this area, ”said Ms Suchitra.
Krungthai COMPASS sees that Thailand still has not much market share in these 3 areas of medical services. Therefore, it is a good opportunity to develop these 3 medical aspects to be equal to the leading countries. To build confidence in the quality of treatment And take advantage of the reputation and being a top target country Of medical tourists around the world To attract more money from medical services into the country Which in addition to generating income for the medical industry Also help generate income for the tourism industry And other related industries as well And is expected to help push the value of the Thai medical tourism market to reach 500 billion baht in 2025, or grow an average of 13.7% per year.
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