Medical Industry

Page 1

October 2009

Thailand

is one of the world’s centers for medical

Private hospitals consistently record healthy growth, which

services, with over 1,000 public hospitals and 400 private

then leads to increased demand for imported drugs.

hospitals operating at international standards, offering the

Moreover, additional imported drugs were placed on the

perfect climate for investment in healthcare, medical

National

devices and pharmacy. It has world-class technology

chemicals

infrastructure, and offers the most advanced treatments by

pharmaceutical manufacturing, Thailand imported US$1

overseas-trained doctors and a multilingual staff to ensure

billion in pharmaceutical products in 2008 – an increase of

that there are no communication barriers. Doctors are

18% over the previous year. The major sources of these

experts in their felds and nurses are registered and well

imports

trained.

Switzerland and the United Kingdom. These countries

List

of

Essential

Medicines.

With

a

robust

industry and great biodiversity to support

were

France,

the

United

States,

Germany,

accounted for more than 45% of the total pharmaceutical Recognizing the available market and the ability to deliver

products imported into Thailand.

medical treatment at a fraction of the cost as most countries, in 2004 Thailand’s government adopted a 5-year

In 2008, the export value of medication was US$164

strategic plan to develop the country’s capacity into the

million – a rise of 9% over the previous year. Thailand’s

“Center of Excellent Health of Asia”. This plan, advanced by

primary

the Ministry of Public Health, focuses on three main areas

Cambodia, Malaysia, Hong Kong, and the Philippines, which

of

services,

together

including spas & traditional massage, and Thai herbal

exports.

healthcare:

medical

services,

healthcare

export

destinations

accounted

for

70%

are of

Vietnam, total

Myanmar,

pharmaceutical

products. Thailand has taken on groundbreaking research. For In the course of those fve years, opportunities have grown

example, researchers are experimenting with rice starch

exponentially as Thailand has in fact become a medical hub

that is extracted from broken rice by pulling out proteins to

in Asia, with state-of-the-art facilities. Today, nearly 2

get pure carbohydrate four, which can be used as fller in

million foreign patients visit Thailand each year for a range

drug tablets helping them hold their shape and release

of healthcare services, including cutting edge procedures

drugs more effectively. Demand is high as the cost is

like stem cell treatment. And, the domestic drugs and

roughly 20% of other fller materials. Thailand is also

medical market has grown to over US$1 billion. As the

investing in research and development for tropical diseases

health care infrastructure expands and investment in high-

such as dengue fever and malaria, among others, and

technology equipment soars, the medical device sector and

invites

pharmaceutical sector are also experiencing signifcant

example, BIOTECH-Novartis International Pharmaceutical

investment

investments

into

biotechnology

research.

For

excellent

medical

Drug Discovery Partnership (A 3-year partnership) was

service

beftting

initiated in 2005 with the goal of identifying potential uses

Thailand’s reputation for care with wait-times kept to a

of micro-organisms and natural compounds as sources for

minimum. Some of the leading hospitals catering to foreign

innovative medicine. The research partnership has recently

medical-tourists assign patients a personal assistant who

been extended for another 3 years to May 2011. Safety

will walk them through the entire process from the front

and

services,

potential. patients

Beyond

receive

the

personal

quality

are

the

guiding

principles,

as

local


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Medical Industry by MDA Consulting S.E.A. - Issuu