SEA Health Tech Investment Insights

Thailand's successful implementation of the universal healthcare leads to a growth in medical tourism Public Healthcare System Overview Thailand's universal healthcare entitles every Thai citizen to essential health services • • Most public hospitals in Thailand are operated by the Ministry of Public Health Rural areas of Thailand are still underserved medically, with lower quality of care and less access (1) Authorities There have been pushes toward decentralization, but they have been faced with resistance, and MOPH still directly controls most aspects of healthcare Financing Thailand's universal healthcare system is largely financed by general government taxation • • • Private Healthcare Options Private hospitals largely complement the public hospitals, especially in larger urban areas of Thailand Private hospitals are regulated by the Medical Registration Division INSEAD Thailand's growing medical tourism industry is driven by private hospitals, and the Thai government is favorably shifting public policy to cater to more medical tourists (2) Investments from conglomerates have been flowing into healthcare in Thailand (e.g. Pruksa Holdings, RSU Group, CP Group, and TCC Group) (2) "The #1 Medical Hub of Asia" Thailand's Board of Investments published a 10-year plan to make Thailand a "Hub of Wellness and Medical Services" with the full support of the government (3) Sources: (1) World Health Organization (WHO); (2) HealthcarelTNews 2019; (3) Thailand Board of Investments 39

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