BDMS Wellness Clinic partners with Global Wellness Institute for the 3rd year

Collaboration between BDMS Wellness Clinic and Global Wellness Institute It is the third year.

Study Thailand's Opportunities in the Wellness Economy

with the fastest growing value. 1 of the world.

This is the third consecutive year of significant cooperation between Global Wellness Institute and BDMS Wellness Clinic In a new study, insights into Thailand's health and wellness market It is the world's No. 1 fastest growing in terms of health market growth between 2022 and 2023, with a growth rate of 28.4% and a value of 40.5%.4 billion US dollars (about 1.4 trillion baht)

Thailand is becoming a global health tourism hub. In cooperation between Global Wellness Institute (GWI) Led by you Susie Ellis , CEO of GWI and Dr. Amp Dr. Tanupol Wirulahakarun Chairman of the Board of Directors BDMS Wellness Clinic and BDMS Wellness Resort Bangkok Dusit Medical Public Company Limited This partnership reflects Thailand's potential as a leader in the field of Wellness Tourism and the driving approach. Wellness Hub Thailand to attract tourists from all over the world to become Global Wellness Destination

Highlights from the report "Thailand's Health Economy Data 2023"

1. Thailand: A Global Health Tourism Hub

• Thailand has been recognized for Wellness Tourism Because of the high quality of service. at an accessible price compared to Western countries.
• Thailand's strength is preventive medicine (Preventive Medicine) that can help detect the disease at an early stage. Reduce the health burden on the population in the long run.

2. Wellness Economy Thailand ranks in the world.

• Reports of Global Wellness Institute It is stated that the industry Wellness Economy Thailand's value is more than 40.54 billion US dollars (about 1.4 trillion baht).
• Wellness Tourism It is one of Thailand's main industries, accounting for a large proportion of GDP The tourism sector, which is considered the No. 1 revenue industry among the 11 wellness industries in Thailand. The value of the latest year reached 415,000 million baht.

3. Factors that drive Thailand to Wellness Hub Global

Thailand is driving Wellness Hub Thailand Under the concept of 5S that helps Thailand to compete in the global market.

S1: Scientific Wellness Services – World-class health services

• The use of cutting-edge technology such as: AI, Telemedicine and genetic analysis (Genome) and precision medical sciences (Precision Medicine) To take care of preventive health and encourage people to be healthy.

S2: Signature Thai Wellness – Integrating Thai Science into International Standards

• Thai Herbs, Thai Massage, and Thai Spa It is gaining popularity internationally.
• Thai traditional medicine and alternative medicine are combined with preventive medicine and modern science.

S3: Sustainable Wellness Tourism – Sustainable Health Tourism

• Thailand is a country with abundant natural resources, which can be developed into a Green Wellness Destination
• Development of environmentally friendly rehabilitation facilities and health centers

S4: Smart Healthcare Technology – Smart Health Technology

• Use AI and Big Data In Healthcare Tailor treatment plans to each patient.

S5: Safe & Trusted Destination – Thailand is a safe and reliable destination.

• High health and safety standards It attracts foreign tourists looking for reliable health services.

Dr. Tanupol Wirulahakarun mentioned Thailand's potential as a Wellness Destination Said:

"We have everything, including high-quality medical personnel and affordable prices. Expertise in Preventive Medicine, Beautiful sights, Healthy Thai Food, Thai Traditional Medicine, Thai Massage, Thai Herbs, Thailand's warm welcome and strong health culture Thailand is ready to be a leader in Wellness Tourism This cooperation will help Thailand to compete strongly with the global market. Team Thailand Pushing Thailand to become a Global Wellness Destination Let's do it.”

Cooperation between Global Wellness Institute With BDMS Wellness Clinic This will help Thailand become the world's top health market. The goal is to:

• Attracting wellness tourists from all over the world Wellness Tourism
• Develop Services Wellness Retreats Premium hotels and wellness centers
• Promote Medical & Wellness Packages that encompasses both treatment and preventive healthcare.

Summary of the report "The Global Wellness Economy: Thailand (2019-2023)”

1. Definition and Overview of the Industry Wellness

1.1 Definition of Wellness

• Wellness Refers to the pursuit of activity. Lifestyle choices and lifestyles that lead to holistic health (Holistic Health)
• It is a concept that has its roots in ancient health sciences such as India (Ayurveda)., Chinese (Traditional Chinese Medicine), and Greco-Roman.
• Wellness Not just physical health, but mental health Emotional, social, environmental and spiritual

1.2 Meaning Wellness Economy

• An industry that deals with goods and services that enable consumers to live their lives. Wellness Yes
• Covering 11 sectors such as health tourism (Wellness Tourism), Healthy Food, Preventive Medicine, Fitness, spa, etc.
• In 2023, the industry Wellness The global value is 6.3 trillion US dollars and is expected to grow 7.3% annually to nearly 9 trillion US dollars by 2028.

2. Industry Overview Wellness In Thailand

2.1 Market Cap Wellness Economy of Thailand

• In 2023, the total value of Thailand's health economy was US$40.54 billion (about 1.4 trillion baht). Ranked #24 in the world and #9 in Asia Pacific.
• Recovering from the crisis COVID-19 Factors That Caused Market Value to Decline in 2020-2021
• 2.2 Industry growth Wellness Economy Thailand (2019-2023)
• Wellness Economic Value In 2023, it accounted for 7.87% of the GDP Thailand

3. Key Sectors of Wellness Economy Thai

3.1 Revenue from each sector in 2023

• Health tourism 415,000 million baht
• Healthy food and nutrition 308,900 million baht
• Health and beauty care products 242 billion baht
• Thai Traditional and Alternative Medicine 118,000 million baht
• Fitness and physical activity 113,400 million baht
• Preventive medicine and personalized medicine 91,500 million baht.
• Spa 53,840 million baht
• Mental Health (Mental Wellness) 22,500 million baht
• Health Real Estate (Wellness Real Estate) 17,800 million baht
• Wellness 3,700 million baht in the workplace.
• Hot springs and mineral water 673 million baht

4. Details of each sector

4.1 Health tourism (Wellness Tourism)

• The market value in 2023 is 415,000 million baht. 30.4% of the market Wellness Thai
• Rapid recovery from COVID-This is an increase of 119.5% from 2022.
• Tourism Wellness Divided into:
  • Domestic Tourists: 8.08 million people. Average spend 12,340 baht per trip
  • International Visitors: 5.40 million people. Average spend 58,000 baht per trip

4.2 Spa

• Spa revenue in Thailand in 2023 was 53,840 million baht.
• Hotels and spa resorts account for 70% of total revenue.
• The number of spas in Thailand is 2,865, up from 2,785 in 2020..FY 2022

4.3 Fitness and physical activity

• Revenue in 2023 was 113,400 million baht.
• Sports equipment and apparel are the main markets, accounting for 74.5% of revenue.

4.4 Healthy diet and nutrition

• Revenue in 2023 was 308,900 million baht.
• Product:
  • Healthy Food: 193,000 Million Baht (+8.4%)
  • Vitamins and supplements: 78,700 Million Baht (+12.6%)
  • Weight Loss Products: 37 billion baht (+11.9%)

4.5 Mental Health (Mental Wellness)

• Revenue in 2023 was 22,500 million baht. (+13.7%)
• Income from mental health products such as herbs to nourish the brain., Yoga, Meditation, sleep, rapid growth.

4.6 Preventive medicine and personalized medicine

• Revenue in 2023 was 91,500 million baht. (+10.5%)
• Preventive Health Examination and Personalized Medicine (Preventive Medicine, Precision Medicine and Genetic Testing) High growth prospects

4.7 Thai Traditional and Alternative Medicine

• Revenue in 2023 was 118 billion baht. (+7.7%)
• Herbal medicines and natural products account for the largest proportion of revenue.

4.8 Health Real Estate (Wellness Real Estate)

• Revenue in 2023 was 17,800 million baht. (+11.4%)
• The company is expected to continue to grow, with increased investment in health housing projects.

5. Future Trends

• Wellness Economy Thailand's growth trend is expected to increase by an average of 7-10% per year.
• Health tourism and preventive medicine will be the fastest growing sectors (Wellness Tourism and Preventive Medicine)
• Industry Wellness It will be an important factor in driving the Thai economy, and Thailand's key strengths are: Wellness Hub Thailand Project

Thailand has high potential in Wellness Economy Especially health tourism and health products, which will be the main factors driving the economy in the future.

Cooperation between Global Wellness Institute and BDMS Wellness Clinic It is an important step that helps push Thailand is a step towards becoming a Wellness Hub of the world. With 5 conceptsS Thailand is not only an outstanding health tourism destination, but it can also be a model of a sustainable health system.Sustainable Wellness” This will increase the Health Span to the global population.