Free Essay

The Rise of Medical Tourism in Bangkok

In:

Submitted By xyhugh
Words 769
Pages 4
The rise of medical tourism in Bangkok While most travellers aim to stay out of the hospital while on vacation, a growing number of medical tourists – people who combine treatment with travel -- are crossing international borders for the sole purpose of attaining medical services, which can range from a hip replacement to a tummy tuck. * Related video: Going local -- Bangkok, Thailand
Widespread air travel, mounting healthcare costs in developed countries, long waiting lists and an ageing world population have all contributed to a global explosion of medical tourism in the past decade -- and Asia is leagues ahead in terms of world market share.
More than 89% of medical tourists travelled to Thailand, India orSingapore in 2010, with Bangkok and Singapore leading the pack. But the cost of hotel rooms and treatment are both far more expensive in Singapore than in the Thai capital, making Bangkok the most popular place for medical tourism in the world. Even after the devastating floods of 2011, 19 million tourists visited Thailand in 2011, a 20% jump from 2010, with an estimated 500,000 travelling specifically for medical treatment, whereas of the 10.2 million tourists that visit Singapore each year, only 200,000 go to receive medical care.
The trend is lucrative too. Medical tourism in Thailand is growing at a yearly rate of 16%, while in financial terms the foreign medical services sector is expected to make a whopping 100 billion baht by 2015. Currently, medical tourism makes up 0.4% of the GDP, while tourism overall accounts for 6% to 7%, the third most important economic driver in Thailand. To compare, the Thai automotive industry accounted for 12% of GDP last year, while manufacturing led the way accounting for 36% of GDP in 2011.
Given Thailand’s reputation for graceful and attentive service, it is not hard to see why Bangkok has quickly become the medical tourism hub of Asia. Suvarnabhumi Airport is serviced by airlines from around the world, reasonably-priced hotel rooms abound, there is reliable public transportation and 30-day visas for many nationalities are easy to get upon arrival, all of which help to make a stay -- in a hotel or hospital -- easy. The Tourism Authority of Thailand (TAT), which began promoting medical tourism in 2004, has a detailed medical tourism website that highlights many of the most popular treatments available, including dental work, dermatology and cosmetic surgery, as well as listing reputed hospitals, making it easy for potential visitors to decide on a procedure. Forward thinking in many of its approaches, TAT has also recently partnered with state-owned Krungthai Bank, the national bank of Thailand, to offer tourists a debit card called the Miracle Thailand Card, which offers some medical and life insurance coverage in case of an accident.
Western accreditation is also a vital component for confidence in undergoing foreign medical treatments and Bangkok’s Bumrungrad andSamitivej hospitals were among Southeast Asia’s first recipients of the United States’ prestigious Joint Commission International (JCI) certification, which is seen as the gold standard for healthcare service providers around the world. Now Bangkok has no less than eight JCI-accredited hospitals for medical tourists to book with. Singapore, on the other hand, has 13 JCI-accredited hospitals.
Hospitals in Thailand are also very popular with those who travel from neighbouring Asian countries to seek treatment. Bangkok Hospital, which specifically caters to medical tourists, has an entire Japanese wing, whilePhyathai Hospitals Group has translators for 22 languages, including Swedish, Khmer and Flemish, as well as a team of English-speaking staff. It is also well known that when Prime Minister Girija Prasad Koirala of Nepal needed medical care in 2006, he chose to travel to Bangkok ‘s Bumrungrad Hospital for treatment.
“The hospitals in Bangkok are some of the highest quality in the world, meeting or exceeding US standards,” said Steven Lash, CEO of Satori World Medical, a US-based medical travel company that sends patients to Bangkok as well as to seven other countries, including Turkey andMexico. “All of the patients we have sent to these hospitals have given us excellent feedback on their procedures and their experiences at the facilities.”
Committing to airfares, accommodation, out of network or uninsured medical bills and time off work is a big decision for travellers to make. Yet it seems for many, the benefits and savings outweigh the risks. For example, a hip replacement at Bangkok’s Bumrungrad hospital costs 575,834 baht on average, about half the price of the same operation in the US, making it a worthwhile consideration for many who are open-minded enough to take the plunge.

Similar Documents

Premium Essay

Medical Tourism

...MEDICAL TOURISM ABSTRACT A growing number of people are discovering the benefits of medical tourism. In the U.S.A and throughout the western world, it is becoming common knowledge that medical tourism offers a cheaper option for receiving medical treatment without compromising on quality1. The costs of medical treatment and state-of-the-art technology are the most important factors for Americans in making a decision to travel abroad for treatment2. The cost-conscious factor and availability of accredited facilities have led to the emergence of several global medical tourism corridors3. Asia leads the medical tourism industry worth billions4. Amongst these corridors of health, India has the second largest number of accredited facilities3. INTRODUCTION: The health care industry within the United States continues to face unprecedented increases in costs, along with the task of providing care to an estimated 33 million uninsured or underinsured Americans, which constitutes about 10.4% of the U.S. population7. The demand for low-cost health care services is driving patients to seek treatment on a globally competitive basis, while balancing important quality of care issues. The trend, known as medical tourism, which refers to traveling to another country for medical care, is on rise8. In the past few years, Asia has taken the lead as one of the most preferred destination for medical value travel9. Forbes reported that medical tourism is growing by 20% per year. The latest...

Words: 1451 - Pages: 6

Free Essay

Background of Thailand Revenue Based and the Recession

...Background of Thailand revenue based and the recession Thailand was known as the best country for tourisms. But there were some problems which are the causes of the recession in the tourism. The main cause is the political issue. Nowadays Thailand was separated to be 2 sides, yellow shirt and red shirt which have the conflict need and satisfaction in the political view. Both of them did harm things which affect the trust of Thai people. They are all fear of going out from their house in the time when the protestors come out and try to ask for their demands. For the tourisms, this cause is obviously for them to see that Thailand does not have the political stability. Then it is going to be harder for the tourisms to travel to Thailand because they will not think that Thailand is the nice country anymore and this cause will also decrease their trust of the safety. Analyzing the PEST of Thailand Political: The King of Thailand has little direct power under the constitution but is a symbol of national identity and unity. King Bhumibol — who has been on the throne since 1946 — commands enormous popular respect and moral authority, which he has used on occasion to resolve political crises that have threatened national stability. The politics of Thailand currently takes place in a framework of a constitutional monarchy, whereby the Prime Minister is the head of government and a hereditary monarch is head of state. Executive power is currently exercised by a military junta...

Words: 2861 - Pages: 12

Premium Essay

Medical Tourism

...THE FACTORS THAT PROMOTE AND FACILITATE MEDICAL TOURISM IN THAILAND WITH REGARD TO SERVICES PROVIDED BY HOSPITALS A CASE STUDY TO UNDERSTAND THE FACTORS THAT PROMOTE AND FACILITATE MEDICAL TOURISM IN THAILAND WITH REGARD TO SERVICES PROVIDED BY HOSPITALS Tejasvi Vasudevan An Independent Study Presented to The Graduate School of Bangkok University In Partial Fulfillment of the Requirements for the Degree Master of Business Administration 2014 2014 Tejasvi Vasudevan All Rights Reserved This Independent Study has been approved by The Graduate School Bangkok University Title: A case study to understand the factors that promote and facilitate medical tourism in Thailand with regards to services provided by hospitals Author: Ms. Tejasvi Vasudevan Independent Study Committees: Advisor Dr. Sriwan Thapanya ………………………………………………………………………… Field Specialist …………………………………………………………………………… (Asst. Prof. Dr. Sivaporn Wangpipatwong) Dean of the Graduate School Tejasvi Vasudevan. Master of Business Administration, May 2014, Graduates School, Bangkok University Title: A case study to understand the factors that promote and facilitate medical tourism in Thailand with regards to services provided by hospitals (72 pages) Advisor of Independent Study: Dr. Sriwan Thapanya ABSTRACT The aim of this study is to understand reasons behind the growing medical tourism industry in Thailand. By studying the attributes...

Words: 21396 - Pages: 86

Premium Essay

Advancing the Medical Tourism Industry in China

...the Medical Tourism industry in China Abstract Medical tourism is a lucrative industry but China is losing out in the competition of this challenging industry. The aim of this study is to analyze why China’s medical tourism industry is not performing as well as countries such as India or Thailand, and also to provide insights on how to go about leveraging on certain medical procedures that China have a comparative advantage in performing. This study resulted in two findings. Firstly, there is a lack of hospitals with JCI accreditation which we found out was due to a lack of motivation from public hospitals to do so, and also a lack of transparency in the management of the Chinese hospitals. Secondly, we found that the three medical procedures with the biggest potential to spearhead the success of medical tourism in China are Heart Bypass Surgery, Hip Replacement Surgery and Traditional Chinese Medicine. Keywords: Medical Tourism China JCI Contents Page Chapter 1 Introduction 1 1.1 What is Medical Tourism 1 1.2 Reasons for the popularity of Medical Tourism 2 1.3 Why do patients seek care at medical tourism destinations? 4 1.3.1 Low Cost 4 1.3.2 Avoid Waiting lists 6 1.3.3 Procedure not available in home country 6 1.3.4 Procedures unavailable or restricted by society and/or legal system 7 1.3.5 Tourism and vacations 7 1.3.6 Privacy and Confidentiality 7 Chapter 2 Global Market overview of Medical Tourism Industry 8 2.1 Rise of Asian...

Words: 11924 - Pages: 48

Premium Essay

Sex Industry in South East Asia

..................... 11 5. Recommendations ...................................................................................... 14 6. Conclusion ................................................................................................... 17 7. References ................................................................................................... 18 1. Introduction The sex industry involves the sale of sex related adult entertainment and/or services. It involves a wide range of commercial sex work such as prostitution, exotic dancing and pornography amongst others. This industry has now evolved into a global business in the form of sex tourism. This evolution has had significant implications, both socially and economically, in most South East Asian countries over the past three decades. Sex tourism in...

Words: 6515 - Pages: 27

Premium Essay

The Positive and Negative Effects on Tourism

...The Negative and Positive Effects of Tourism Submitted by Arianne Smith DeVry University Tourism Management, Warren John Fall 2011 Abstract The current research paper covers the main effects of global tourism, both positive and negative. International tourism is a significant sector of business. For some countries it is one of the main sources of national income. The most important positive economic effects of tourism are as follows: increase in budget revenues, production expansion, stimulation of investments, and improvement in the population’s welfare. Tourism influences social and cultural lives of people in a positive way by stimulating the development and revival of local cultures and encouraging intercultural exchange. Tourism has both positive and negative effects on the environment. Among the negative effects of tourism, the most important ones are inflation, financial leakage, infrastructure costs, and economic dependence. Political issues can also arise because of tourism. The countries should be aware of the negative effects of tourism in order to avoid them. Keywords: international tourism, environment, economic effect, leakage, tourist infrastructure. Table of Contents Introduction 2 The Negative and Positive Effects of Tourism 2 Positive Effects 2 Economic effects. 2 Environmental effects. 6 Cultural effects. 6 Social effects. 8 Negative Effects of Tourism 10 Political effects. 10 Inflation. 11 Financial leakage. 12 Increase...

Words: 4934 - Pages: 20

Free Essay

Thailand Geopolitics

...Thailand and USA9 Relations threw the history9 Economic relations10 Current bilateral issues 11 Strategies11 Geopolitical imperatives11 Strategies with historical evolution 12 Conclusion 15 Bibliography 15 I. Introduction 1.1 Geographic location in Asia Totaling 513,120 km² Thailand is the world's 51st-largest country by total area. 1.2 Economy of Thailand Thailand is an emerging economy and considered as a newly industrialized country.It exports an increasing value of over $105 billion worth of goods and services annually.> Thai rice, textiles and footwear, fishery products, rubber, jewellery, cars, computers and electrical appliances. Its Substantial industries are : electric appliances, tourism (6%), sex tourism and prostitution…It also has a GDP worth US$602 billion. This classifies Thailand as the 2nd largest economy in Southeast Asia, after Indonesia.It is the 4th richest nation according to GDP per capita, after Singapore, Brunei and Malaysia. Finally the IMF has predicted that the Thai economy will rebound strongly from the low 0.1% GDP growth in to 7.5% in 2013 thanks to the accommodative monetary policy of the Bank of Thailand and the actual policy. 1.3 Demographic Thailand is approximately 67.5 million people, with an annual growth rate of about 0.3 percent. In addition to Thai, it includes ethnic Chinese, Malay, Lao, Burma, Cambodia, and Indians, among others. About the...

Words: 4301 - Pages: 18

Free Essay

Term Paper

...Medical Tourism Medical Tourism Introduction Medical tourism is the act of traveling to other countries to obtain medical, dental or cosmetic care. Medical tourism is a new term but thousands of years old act. People have been traveling across the continents in search of cures for any imaginable illnesses and making therapeutic trips for health wellness. In ancient Greece, pilgrims and patients came from all over the Mediterranean to the sanctuary of the healing god, Asklepios at Epidaurus, and from the 18th century wealthy Europeans have been traveling to spas from Germany to the Nile. In recent years, medical tourism is becoming more popular with patients seeking treatment for health and well-being purposes abroad. Medical Tourism is also known as Medical Travel, Health Tourism, Surgical Tourism, Health Travel, Treatment Abroad, Surgeries Abroad, and Medical Outsourcing. Medical Tourism Concerns Though many are eager to be the right pieces in the puzzle, many are still struggling to get the right fit. There are a number of concerns and risk factors for patients getting treatment much less seeking them abroad. Some concerns for patients include a consistent quality of care, lack of extensive dialog between the patient and the doctor, lack of post-op follow up, cultural differences and difficulty in obtaining sufficient insurance coverage. In order to mitigate the risk, it’s essential that the patient works with well reputed facilitators. Medical Tourism Accreditation ...

Words: 16185 - Pages: 65

Premium Essay

Medical Tourism

...American Healthcare Systems-Research Paper-6th Dec 2013 Medical Tourism By: Mrudula Mynampaty and Swathi Damacherla Introduction “Medical tourism” is the term commonly used to describe people traveling outside their home country avail medical services at lower costs1. Medical tourism is fundamentally different from the traditional model of international medical travel where patients generally journey from less developed nations to major medical centers in highly developed countries for medical treatment that is unavailable in their own communities 2. History The concept of medical tourism has been very pervasive all through the history. The first recorded case of medical tourism describes Greek pilgrims who traveled from the Mediterranean Sea to Epidaurus, a small territory in the Sardonic Gulf. It was said that this small territory was the sanctuary of Asclepius, known as the healing god. Since the 1500s India has enjoyed a rich history of providing yoga instruction as well as Ayurveda healing to patients from around the world. In the 18th and 19th centuries, Europeans and Americans flocked to health spas and sanitariums, sometimes in remote places, in the hope that they would obtain relief from their disabling conditions, such as tuberculosis, gout, bronchitis, or liver diseases 3. What led to Medical Tourism today? The market size for medical tourism is USD 24-40 billion, based on approximately eight million cross-border patients worldwide spending an average of USD 3,000-5...

Words: 3356 - Pages: 14

Premium Essay

Globalization in Healthcare

...Globalization of Healthcare Business 250 Strayer University One of the biggest rising expenses for individuals in the United States and the U.S. as a whole are health care costs. They are having disastrous financial consequences for families as well as individuals. Many consumers have to go without coverage entirely due to the high costs of premiums. However, the costs incurred without health insurance can often threaten an individuals’ financial well-being. Many Americans have already started seeking medical attention abroad due to various economic issues, level of care given, and procedures currently not available in the U.S. Employers have also started seeking different health care options abroad by offering incentives those employees who are willing to go overseas for their major medical surgeries versus having them done in the U.S. at a much higher cost. Ultimately, the U.S. has to do something in order to make healthcare more affordable for Americans, otherwise consumers are going to be forced abroad to look for health care services (McCallum & Jacoby, 2007). By the year 2015 one out of four Americans are expected to be without health insurance. From the year 2000 to the year 2006 health insurance premiums have increased at a rate of seventy eight percent. Since then employee contributions for health insurance premiums have also significantly increased with employers passing the additional costs they have incurred directly to the employee. Many of the insurance...

Words: 1175 - Pages: 5

Premium Essay

Marketing Mix

...TITLE: MARKETING MIX OF THE MANILA HOTEL SUBMITTED BY: 施天仁 Zyril Christian Cruz 2008290005 饭馆082 THESIS SUPERVISOR: Gu Huimin LOCATION OF RESEARCH: MANILA HOTEL TABLE OF CONTENTS CHAPTER I. INTRODUCTION BACKGROUND OF THE STUDY CONCEPTUAL FRAMEWORK THEORETICAL II. REVIEW OF RELATED LITERATURE RELATED LITERATURE LOCAL/FOREIGN RELATED STUDY LOCAL/FOREIGN III. PROBLEM AND ITS BACKGROUND STATEMENT OF THE PROBLEM ASSUMPTION OF THE STUDY SIGNIFICANCE OF THE STUDY SCOPE AND LIMITATION DEFINITON OF TERMS IV. METHODOLOGY METHODS OF PROCEDURE DESIGNS REFERENCES CHAPTER I INTRODUCTION BACKGROUND OF THE STUDY The Manila Hotel is a 570-room five star hotel in Manila, Philippines, Located in the heart of the Manila Bay area. The Manila Hotel is the oldest premiere hotel in the Philippines, built in 1909 to rival Malacanang Palace, where the Philippine president now lives, and opened in 1912. It was built on 3.5 hectares (376,736.9 sq ft) of the land along Roxas Boulevard. It was the residence of General Douglas MacArthur from 1935 to 1941. On January 17, 2008, at the...

Words: 6501 - Pages: 27

Premium Essay

Tags

...The Ethical and Legal Complexity of Medical Tourism: Questions of International Justice, Economic Redistribution and Health Care Reform Professor Sarah McBride Toro Longe April 18, 2010 M.J. Thesis in Health Law Abstract This is an essay on medical tourism in the United States of America (U.S.). It includes a brief history of the U.S. health care system, examines the social, cultural, ethical, and legal issues that have affected health care changes in America. With the number of Americans going overseas to seek medical care steadily rising, the American insurance industry expanding benefits, and the Joint Commission accrediting facilities for globalization of the health care marketplace, medical tourism should become increasingly important in the health care industry. While there are many reasons for patients seeking health care outside of their own country, one that is particularly easy to overlook is the outsourcing of health care and its effect in U.S. and around the world. The purpose of this paper is to examine the concept of medical tourism, noting the specific medical tourism destinations, presenting reasons for the recent increase in medical tourism, and examining the risks and benefits, as well as wrestling with the challenging ethical and legal issues inherent in medical tourism. The paper will conclude with consideration of the role of the law in medical tourism. Introduction Over the past 100 years, the United States of America (U.S.) has changed greatly...

Words: 17832 - Pages: 72

Premium Essay

Sara Lee

...Organizational Behaviors of Sustainable Tourism A Partial fulfillment for Bilingual MBA Programme 2013 Subject: Organizational Behavior (Code: BP6903) Lecturer: Dr. Yu Wang Presented by: Yinsi Tu (ID: 5539073 ) Shilong Chen (ID: 5569005) Xingjun Liu (ID: 5561065) Jialing Xing (ID: 55569009) Yunmei Wang (ID: 5569006) Content 1.0 Introduction 2.0 Organizational Culture of Sustainable Tourism 3.0 Government's Policies in Sustainable Tourism Management 4.0 Characteristics and Diversities in Sustainable Tourism 5.0 Tourist Behaviors in Sustainable Tourism 6.0 The Relationship between Sustainable Tourism and Environment Protection 7.0 Conclusion 8.0 Bibliography 1.0 Introduction Today, as the world economy,science and technology and cultural developing aggressively , the increase of personal income and free time, Labor and Leisure has become two important aspects of an integral human social life. Today, leisure sports and tourism is the world's most widely used recreational activities. Leisure sports, people enjoy the beauty and movement created by a pleasant activity in order to express themselves to the outside world. Homer and Swatchbrooke (1996) defined tourism as tourism refers to people temporarily leave permanent residence elsewhere in recreational activities. Tourism is part of the tertiary industry. Tourism enterprise is the core of the...

Words: 4840 - Pages: 20

Premium Essay

Shangri-La Hotel

...MEDICAL TOURISM IN THAILAND Table of Contents Medical Tourism What is Medical Tourism Why Thailand? Medical Tourism in Thailand Why Thailand is No.1 in Medical Destination? What makes Thailand a prime Medical Destination? History of modern medical services Medical and health services currently provided Present policy of medical tourism of Thailand Medical treatments that Thailand offer Additional services for your recover period Medical standards of Thailand Rules and regulations 4 4 5 5 6 7 10 12 14 15 19 23 25 Follow the doctor’s instructions pre-treatment strictly 26 While you are on your way Plan ahead Select health travel agent Summary 27 28 29 31 2 MEDICAL TOURISM IN THAIALND 3 Medical Tourism Medical tourism is a term that has risen from the rapid growth of international healthcare where people from all around the world are traveling to other countries to obtain general medical surgery, cosmetic plastic surgery and dental surgery at a fraction of the cost of healthcare in their home country. And, while abroad, if physical conditions permit, patients can experience the interesting cultural attractions their destination country offers. More and more people are seeking the expertise of medical tourism companies to travel abroad as an affordable, enjoyable, and safe alternative to having medical, dental, and cosmetic surgical procedures done in their home countries. What is Medical Tourism? Medical Tourism is the practice of travelling across the borders...

Words: 6386 - Pages: 26

Free Essay

Blades.Inc

...Doing Business in Thailand: 2012 Country Commercial Guide for U.S. Companies INTERNATIONAL COPYRIGHT, U.S. & FOREIGN COMMERCIAL SERVICE AND U.S. DEPARTMENT OF STATE, 2010. ALL RIGHTS RESERVED OUTSIDE OF THE UNITED STATES. • • • • • • • • • • Chapter 1: Doing Business In Thailand Chapter 2: Political and Economic Environment Chapter 3: Selling U.S. Products and Services Chapter 4: Leading Sectors for U.S. Export and Investment Chapter 5: Trade Regulations, Customs and Standards Chapter 6: Investment Climate Chapter 7: Trade and Project Financing Chapter 8: Business Travel Chapter 9: Contacts, Market Research and Trade Events Chapter 10: Guide to Our Services 1 Return to table of contents Chapter 1: Doing Business In Thailand • • • • Market Overview Market Challenges Market Opportunities Market Entry Strategy Market Overview • Return to top Thailand is the 27th largest export destination for the United States. Two-way trade in 2011 was about $35.75 billion, with $24.8 billion in Thai exports to the U.S. and $10.9 billion in U.S. exports to Thailand. The figures represent an increase of 12.9 percent in the value of trade between the two countries. U.S. exports to Thailand increased by 21.7 percent, while US imports from Thailand increased by about 9.4 percent for the same period in 2010. In Asia, Thailand ranks as the United States’ 10th largest export destination after China, Japan, South Korea, Hong Kong, Taiwan, India, Hong Kong, Singapore and Malaysia. The Thai...

Words: 42883 - Pages: 172