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THAILAND’S
MEDICAL HUB
Thailand Board of Investment
www.boi.go.th
Thailand: Medical Hub Policy
The policy aims to utilize existing human
and natural resources to its highest
potential and to enhance the income
level of many different parties. The goal
is to manifest a true improvement in
the quality of life of Thai citizens. To
implement this vision, the government
has divided the Medical Hub Policy into
four main segments.
THAILAND:
MEDICAL HUB OF ASIA
Thailand is well-positioned to be the
medical hub of Asia. With outstanding
medical foundation that includes
premium medical services, qualified
healthcare specialists and various
internationally accredited medical
facilities, Thai medical services are
renowned worldwide, resulting in a
rapid growth in supporting industries
such as pharmaceuticals, laboratory
tests and clinical R&D.
The government has progressive
policies in place to help the country
attain the position of “Thailand, a Hub
of Wellness and Medical Services”,
within a ten year time frame. The
strategic ten-year plan, which will be
executed from 2016-2025, proposes to
turn Thailand into a medical hub in four
major areas: wellness, medical services,
academics and products.
Thailand has given the healthcare
industry top priority, as seen in
the government’s expenditure on
healthcare. The government spends
14% of its total budget
on the healthcare industry,
which accounts for 4.6%
of Thailand’s GDP; it
is considered to be the
highest among ASEAN
countries
To strengthen Thailand’s
positionasthemedicalhub
of Asia, the government’s
support and increased
demand in healthcare
market have brought great
opportunities for continual
success in related fields
including the medical
services, pharmaceutical
sectors and medical
devices.
Wellness Hub
Academic
Medical Center
Medical Service
Hub
Health Product
Medical Services
Pharmaceutical
Sectors
Medical Devices
0
2
4
6
8
10
12
14
16
18
USA
Germany
Sweden
UK
SouthKorea
China
Thailand
Singapore
India
Indonesia
Thailand’s Healthcare Expenditure
Healthcare Expenditure as
Percentage of GDP
Source: World Bank, as of 2015
MEDICAL SERVICES
Leading Medical Tourism
Hub of Asia
World-class Medical Facilities
The healthcare industry is largely driven
by our world-class medical facilities.
We are among the first in Asia to
With more than 1,000 public and 300 private hospitals nationwide and over 50,573
well-trained physicians, we offer a diverse range of treatments that include:
•	General examinations
•	Dentistry
•	Cancer treatments
•	Hip replacements
•	Kidney transplants
•	Cardiology testing
•	Heart surgeries
•	Laser eye surgeries
•	Cosmetic surgeries
•	Weight loss surgeries
•	Sex change operations
•	Balloon dilatation
As the world leader for medical
tourism, over a million international
patients travel to Thailand every
year on medical travel packages.
The number of the foreign patients
receiving treatment reached 2.35
million people in 2014 and their
numbers are growing annually. With
our world-class medical facilities,
premium healthcare services available
at highly competitive prices, and our
global reputation for graceful and
attentive service, it is not hard to see
why we are rapidly becoming the
Medical Tourism Hub of Asia.
Our 53 JCI Accredited Hospitals and 4
receiving Advanced HA are among the first to
receive accreditation in Asia
1st
in Top Destinations for Medical Tourism*
Foreign Patients to Thai Hospitals: 2008-2014
Source: Department of International Trade Promotion, Ministry of Commerce,
Thailand: *Healthydietbase, 2015
Note: 1
Compound Annual Growth Rate (2009-2014)
MillionPeople
0
0.5
1
1.5
2
2.5
3
2009 2010 2011 2012 2013 2014
10.96%
1
have hospitals that have acquired the
Joint Commission International (JCI)
accreditation.
PHARMACEUTICAL
SECTORS
The pharmaceutical market in ASEAN
is growing at an unprecedented pace.
Thailand’s pharmaceutical market is
considered as the largest and most
developed in the region, and is projected
to achieve the rank of the eighth largest
market in the Asia Pacific Region within
this year.
Thailand’s export of pharmaceutical
products has grown steadily over the
past five years, demonstrating a growth
of 6.12%. Most of the pharmaceutical
exports went to countries in the ASEAN
region, such as Myanmar (17.4%),
Vietnam (16.2%) and Cambodia (9.5%).
Thailand imports its pharmaceuticals
from a diverse base of pharmaceutical
suppliers. In 2015, the US was the
largest supplier of pharmaceuticals
to Thailand and accounted for 15.4%
of total imports. China, Germany
and Switzerland were the next
largest suppliers at 10.7%, 9.3%
and 6.7%, respectively. Since most
active pharmaceutical ingredients are
imported from manufacturers overseas,
this leaves sizable room for new
pharmaceutical investors.
Center of Excellence in
Clinical Trials
Thailand is devoted to promoting
the execution of clinical studies in
compliance with the International
Conference on Harmonisation-Good
Clinical Practice (ICH-GCP) standards.
With a strong determination and
government support to move the
country toward a world-class center
of excellence for clinical trials, in
combination with several organizations
and research institutions supporting
the development and testing of drugs
and other medical technological
breakthroughs, there is an evident
potential for continued growth in
research and development in the
pharmaceutical industry In Thailand.
Thailand has been widely accepted
on its well-developed clinical trial
infrastructures. A number of international
Source: National Science Technology and Innovation Policy Office (STI)
Note: 1
Food Science and Technology Association of Thailand (FoSTAT); 2
Thailand Center of Excellence
for Life Sciences (TCELS) 3
Thailand Reserve Fund (TRF); 4
National Innovation Agency (NIA), 5
National
Science and Technology Development Agency (NSTDA), 6
The Board of Investment of Thailand (BOI)
Thailand’s Clinical Trial Process And Components
contract research organizations (CRO)
see Thailand as an attractive place
to conduct clinical trials, given its
large target population, qualification
and credentials of Thai researchers,
relatively low costs, and good clinical
capabilities and high standard.
R&D Prototype
Pre-
Clinical
Clinical
Trials
Manufacturing
Networking
1 2
Financial
Support
3 4 2 6
5
Research
5
Universities and
Medical Schools
Infrastructure Universities
Standard &
Regulations
Thailand’s Food and
Drug Administration
Capacity
Building
Universities and Medical Schools
IPO* Universities
Pioneering Research in
Vaccine Development
With high-caliber researchers, vaccine
developers and a vast amount of
agencies working in the field of
vaccine research and development,
Thailand is now becoming the leader of
vaccine development in ASEAN. Some
successfully developed projects include
5-in-1 or ‘cocktail’ vaccine, H5N1 avian
influenza vaccine, dengue vaccine.
5-in-1 or ‘Cocktail’ Vaccine
Many vaccines have been developed by
the Thailand’s NSTDA in collaboration
with BIONET Asia. For instance, the 5-in-
1 or ‘Cocktail’ vaccine against 5 major
infectious diseases, diphtheria, tetanus,
pertussis, hepatitis B, and meningitis
has been successfully developed and is
expected to be released to the market
in 2017.
H5N1 Avian Influenza
In response to the worldwide outbreak
of avian influenza in 2005 and the
pandemicH1N1in2009,theGovernment
Pharmaceutical Organization (GPO) has
actively involved in the development
of flu vaccine production capacity
as part of the National Flu Pandemic
Preparedness Plan. The GPO H1N1
PLAIV vaccine approved by the Thai
FDA in 2011, followed by the “FluVac”
H5N2 and the IIV seasonal vaccines
currently under clinical trials and
an establishment of an industrial-
scale influenza vaccine production
plant in Saraburi province have
clearly demonstrated the successful
accomplishment of GPO in influenza
vaccine production.
Dengue Vaccine
NSTDA researchers have also
developed a dengue vaccine to address
and prevent dengue fever, the disease
of high fatality rate. The vaccine is
aimed for use in indigenous population
as well as populations along Thailand’s
border regions.
Natural Product Research
in Thailand
Functional Food
Thailand is one of largest emerging
international markets in South and
South-East Asia. We have a strong
focus on promoting the food industry,
developing export-oriented food
products and creating innovative new
products. Recently, Thai scientists have
begun investigating the subtle action of
biologically active food components on
human health. Additional research aims
to validate the efficacy of these food
components and establish appropriate
dietary levels.
Thai researchers have identified
functional food components that may
improve memory, reduce arthritis, lessen
cardiovascular disease and provide
other benefits typically associated with
utilizing prescription drugs. Thailand
is making a great deal of progress
with respect to functional foods and
molecular nutrition, both novel scientific
paradigms that challenge traditional
nutrition approaches.
Biopharmaceuticals
See Dynamic Growth
Biopharmaceuticals market has
continued to expand and is expected
to represent approximately 19 –
20% of the overall global spending
in pharmaceuticals by 20171. Since
demands for biopharmaceuticals
in ASEAN have been growing
significantly, Thailand demonstrates
high potential in becoming the emerging
biopharmaceuticals hub of the region.
Given Thailand’s capabilities in clinical
trial infrastructures and abundant
biopharmaceutical-related trial subjects,
the country has bright prospects for
growth in this fast-growing industry.
While protein-based drugs have been
used to treat many diseases, drug
manufacturers face many challenges
producing the required proteins in
large quantities. To solve this problem,
the National Science and Technology
Development Agency (NSTDA) has
been successful with characterizing
the protein-production performance of
a methylotrophic strain called Pichia
thermo methanolica, which can be used
as an active ingredient in medicine. This
discovery enables scientists to create
ground-breaking protein-based drugs.
Great strides are being made in
biopharmaceutical research in
Thailand; the pre-industrial production
of a recombinant human growth
hormone is underway. Supported by
the TCELS, the hormone is currently
under trial production at the National
Biopharmaceutical Facility at King
Mongkut’s University of Technology,
Thonburi.
National Biopharmaceutical
Facility (NBF)
King Mongkut’s University of Technology
Thonburi (KMUTT), in collaboration
with BIOTEC, established Thailand’s
first CMO for manufacturing of
biopharmaceuticals for phase I/II clinical
trials. NBF’s GMP-compliant facility
comprises a microbial fermentation
suite, a cell culture suite (both up to
500L batch size with well segregated
downstream processing areas), and
an aseptic fill and finish line with
lyophilization capability.
As other infrastructure projects in
translational research are currently under
progress in Thailand, NBF is directing
its efforts into building Thailand as an
R&D and manufacturing hub in the bio-
pharmaceutical industry in the Greater
Mekong sub-region and ASEAN.
MEDICAL DEVICES
Thailand’s medical device market has
continued to thrive due to several key
factors. The growing influx of medical
tourists along with the rise in the
standard of living of Thai citizens and
the government’s continued efforts to
develop Thailand into a leading medical
hub, have led to constant innovation in
this area.
In addition to the wide variety of
medical devices being manufactured
domestically, a substantial number of
high-grade and sophisticated medical
devices are being imported to meet the
rising demand. There are tremendous
opportunities for new investment in the
kingdom with respect to manufacturing
high-end medical devices. Thailand’s
medical industry demonstrates definite
potential toward positioning the country
both as a principal Asian medical hub
and as a cost-effective production
location for global medical devices.
Thai Medical Diagnosis Kits
Test Kit for Alpha Thalassemia
Carrier Screening
The test was developed by the
Biomedical Technology Research Unit
of the Faculty of Associated Medical
Sciences, Chiang Mai University. It takes
only 3 minutes to perform a single test
with this test kit. The test is convenient
to use, inexpensive and is 99%
accurate. At present, the invention has
been passed on to private companies
for commercial manufacturing.
Thai Red Blood Cells Test Kit
One of the basic tests in a blood bank
laboratory is testing for a reaction
between the antigen and the antibody
of red blood cells. The development of
the Gel Test technique will help avoid
errors that occur from identifying results
using the conventional sample-shaking
technique that involves test tubes. The
test results can also be re-read anytime
by anyone.
RFID based diagnostic kits
The Thai government provides support
for new developments and innovation
not only in the biochemical space, but
also in the electronic field. This has led
to Thailand increasing its capability
to provide one-stop solutions and
deliver innovative diagnostic kits. For
instance, adapting RFID or “Near field
communication” (NFC) into a diagnostic
kit enables a new type of user
experience. Users can simply use their
smart phones to read and analyze data,
rather than utilizing traditional analyzer
devices. Silicon Craft Technology, a
RFID microchip company, has
introduced the SIC4340 NFC tag IC
with a 12-bit ADC. Users can connect
and communicate with a diagnostic
device or a bio-chemical sensor, to
read and analyze data via
a NFC-enabled
smart phone.
Major International Companies
in the Pharmaceutical Industry
Thailand’s cost-effective and high-
quality manufacturing processes
have played a pivotal role in attracting
foreign pharmaceutical companies. The
pharmaceutical market is dominated by
foreign manufacturers and distributors.
Moreover, Thailand has a significant
domestic market and local production
of generic drugs. The major domestic
manufacturer is the Government
Pharmaceutical Organization (GPO),
run by Thailand’s Ministry of Public
Health (MPH).
Implanted Medical Devices
Acquirement of CE marking and
ISO 13485 certification for Thai
hip prostheses
The project, co-funded by Chulalongkorn
University and TCELS, has completed
the development of Unipolar Modular
Hip Prosthesis, which is a prosthesis
model that is more compatible with
the anatomy of Asians. The model
comprises of Hip stem, Femoral head
andSleeve.In2016,theprojecthasbeen
continuously supported and funded by
TCELS to undergo standard testing in
overseas laboratories accredited with
Certificate of Accreditation (ISO/IEC
17025):
•	Performance Test in accordance with
ISO 7206, ASTM 2009 and ASTM1875,
in Germany
•	Biocompatibility Test in accordance
with ISO 10993, in Singapore
Advanced Dental Technology
Center (ADTEC)
To further enhance dentistry in Thailand,
ADTEC was established in 2012 with
a mission to design and develop
medical devices which are in line with
international standard of ISO 13485. The
center has successfully implemented
the case of Dental Implant, which also
includes the prototype mini plates and
screws for face and jaw bones.
Medical Robotics in Thailand
To serve Thailand’s growing medical
service sector, Thailand Center of
Excellence for Life Sciences (TCELS)
has established a Center for Advanced
Medical Robotics, which is at the
forefront of robotics network in Thailand.
The center focuses on international and
regional investors and users, with an
aim to broaden Thailand’s research base
through Advanced Medical Robotics
projects.
With great supporting measures and
an extensive network of researchers,
Thailand is able to develop medical
robots specializing in many different
fields. For instance, Dinsow elderly
care robot, by CT Asia Robotics, Co.,
Ltd, Fhasai robot-assisted therapy for
children with autism spectrum disorders,
by Mahidol University, Sensible Tab
arm rehabilitation robot, by TCELS and
TMGI Co.,Ltd., etc.
Major International Companies
in the Medical Device Industry
INVESTMENT
INCENTIVES
BOI Incentives
BOI offers a wide range of tax and non-tax incentives for projects that meet
national development objectives
Tax Incentives
*Note: Exemption of import duty on all machinery and exemption of import duty only on raw or
essential materials used in manufacturing exported products
Other Government
Incentives
Apart from BOI incentives, several
types of support are provided by other
government agencies and organizations:
National Science and Technology
Development Agency (NSTDA)
•	NSTDA acts as a bridge between
academic research and the private
sector
•	Operating under NSTDA umbrella,
National Center for Genetic
Engineering and Biotechnology
(BIOTECH) functions as a premier
research institute and human resource
development center, with a vision to
push Thailand towards a knowledge
based society through science and
technology.
Thailand Science Park (TSP)
•	1st
technology and innovation hub
of Thailand
•	Provides one-stop service for
innovation development and
R&D in private sectors, ranging
from technology transfer through
ecosystem of more than 3,000
researchers in technology centers,
companies & universities, to financial
assistance & business incubation.
National Innovation Agency (NIA)
•	Granted Innovation coupon for
approved projects to support 90% of
R&D expenses incurred by innovation
service providers (in cooperation with
the Federation of Thai Industries)
•	Provide financial support of 25%-
75% to be granted to prototype or
pilot scale projects, and Interest free
loan for up to 3 years to assist in the
start-up of commercial operation of
innovation projects
Thailand Center of Excellence for
Life Sciences (TCELS)
TCELS is a single platform that supports
the establishment of life science
based businesses and investment in
Thailand. TCELS connect companies
with local university research facilities
and business partners through a
matching database and business
forum. Some of the areas covered
are biopharmaceuticals, cosmetics,
medical robotics & devices, and cell &
gene products.
GROUP ELIGIBLE ACTIVITIES
INCENTIVES
Corporate
income tax
exemption
Exemption
of import
duty*
A1
Biotechnology:
•	 R&D activity and/or manufacturing of biopharmaceutical agents
•	 Projects with R&D and/or manufacturing of diagnostic kits
for health, agriculture, food and environment
Manufacturing of high-risk or high-technology medical devices
that involve R&D and innovation
8 years
without cap 
A2
Manufacture of:
•	 Medical food and supplements
•	 High-risk or high-technology medical devices that does not
involve R&D and innovation
•	 Medical devices that are commercialized from public sector
research or collaborative public-private sector research
8 years 
A3
Manufacture of other medical devices
(except for medical devices made of fabrics or fibers)
5 years 
A4 Manufacture of medical devices made of fabrics or fibers 3 years 
B1 Projects in health rehabilitation centers - 
Non-Tax Incentives
These activities also receive the following non-tax incentives:
Permit to bring in expatriates
Permit to take or remit foreign currency abroad
Permit to own land
CONTACT US
HEAD OFFICES
OFFICE OF THE BOARD OF INVESTMENT
555 Vibhavadi-Rangsit Road, Chatuchak, Bangkok 10900
Tel: 	 +66 (0) 2553-8111
Fax: 	+66 (0) 2553-8315
Website: www.boi.go.th
Email: head@boi.go.th
ONE START ONE STOP INVESTMENT CENTER (OSOS)
18th
Floor, Chamchuri Square Building,
319 Phayathai Road, Pathumwan, Bangkok 10330
Tel: 	 +66 (0) 2209-1100
Fax: 	+66 (0) 2209-1199
Website: osos.boi.go.th
Email: osos@boi.go.th
ONE STOP SERVICE CENTER FOR VISAS AND
WORK PERMITS
18th
Floor, Chamchuri Square Building,
319 Phayathai Road, Pathumwan, Bangkok 10330
Tel: 	 +66 (0) 2209-1100
Fax: 	+66 (0) 2209-1194
Email: visawork@boi.go.th
REGIONAL OFFICES
REGIONAL INVESTMENT AND ECONOMIC CENTER 1
CHIANG MAI OFFICE
Airport Business Park 108-110,
90 Mahidol Road, Amphur Muang, Chiang Mai 50100
Tel: 	 +66 (0) 5329 4100
Fax: 	+66 (0) 5329 4199
Email: chmai@boi.go.th
PHITSANULOK OFFICE
3rd
Floor, Thai Sivarat Building, 59/15 Boromtrilokkanat 2 Road,
Naimuang, Amphur Muang, Phitsanulok 65000
Tel: 	 +66 (0) 5524-8111
Fax: 	+66 (0) 5524-8777
Email: phitsanulok@boi.go.th
REGIONAL INVESTMENT AND ECONOMIC CENTER 2
NAKHON RATCHASIMA
2112/22 Mitraphab Road, Amphur Muang,
Nakhon Ratchasima 30000
Tel: 	 +66 (0) 4438 4200
Fax: 	+66 (0) 4438 4299
Email: korat@boi.go.th
REGIONAL INVESTMENT AND ECONOMIC CENTER 3
KHONKAEN
177/54 Moo 17, Mitraphab Road, Amphur Muang,
Khonkaen 40000
Tel: 	 +66 (0) 4327 1300-2
Fax: 	+66 (0) 4327 1303
Email: khonkaen@boi.go.th
REGIONAL INVESTMENT AND ECONOMIC CENTER 4
CHONBURI
46 Moo 5 Laem Chabang Industrial Estate, Sukhumvit Road,
Toongsukhla, Sriracha, Chonburi 20230
Tel: 	 +66 (0) 3840 4900
Fax: 	+66 (0) 3840 4997, +66 (0) 3840 4999
Email: chonburi@boi.go.th
REGIONAL INVESTMENT AND ECONOMIC CENTER 5
SONGKHLA
7-15 Chaiyong Building Juti Uthit 1 Road, Hadd Yai,
Songkhla 90110
Tel: 	 +66 (0) 7458 4500
Fax: 	+66 (0) 7458 4599
Email: songkhla@boi.go.th
REGIONAL INVESTMENT AND ECONOMIC CENTER 6
SURAT THANI
49/21-22 Sriwichai Road, Makhamtia, Amphur Muang,
Surat Thani 84000
Tel: 	 +66 (0) 7740 4600
Fax: 	+66 (0) 7740 4699
Email: surat@boi.go.th
OVERSEAS OFFICES
SHANGHAI
Thailand Board of Investment, Shanghai Office
Royal Thai Consulate General, No. 18, Wanshan Road,
Changning Distric, Shanghai 200336, P.R.C.
Tel:	 +86-21-5260-9876, +86-21-5260-9877
Fax:	+86-21-5260-9873
Email: shanghai@boi.go.th
BEIJING
Thailand Board of Investment, Beijing Office
Royal Thai Embassy, No.40 Guang Hua Road, Beijing 100600 P.R.C.
Tel: 	 +86-10-6532-4510
Fax: 	+86-10-6532-1620
Email: beijing@boi.go.th
GUANGZHOU
Thailand Board of Investment, Guangzhou Office
Investment Promotion Section, Royal Thai Consulate-General,
No.36 Youhe Road, Haizhu District, Guangzhou, P.R.C. 510310
Tel: 	 +86-20-8385-8988 Ext. 220-225,
	 +86-20-8387-7770 (Direct line)
Fax: 	+86-20-8387-2700
Email: guangzhou@boi.go.th
TAIPEI
Thailand Board of Investment, Taipei Office
Taipei World Trade Center, 3rd
Floor, Room 3E 39-40
No.5 Xin-Yi Road, Sec. 5 Taipei 110, Taiwan R.O.C.
Tel:	+886-2-2345-6663
Fax:	+886-2-2345-9223
Email: taipei@boi.go.th
TOKYO
Thailand Board of Investment, Tokyo Office
Royal Thai Embassy, 8th
Floor, Fukuda Building West,
2-11-3, Akasaka, Minato-ku, Tokyo 107-0052 Japan
Tel:	 +81 (0) 3-3582-1806
Fax:	+81 (0) 3-3589-5176
Email: tyo@boi.go.th
OSAKA
Thailand Board of Investment, Osaka Office
Royal Thai Consulate-General, Bangkok Bank Building, 7th
Floor,
1-9-16 Kyutaro-Machi, Chuo-Ku, Osaka 541-0056 Japan
Tel:	 +81 (0) 6-6271-1395
Fax:	+81 (0) 6-6271-1394
Email: osaka@boi.go.th
SEOUL
Thailand Board of Investment, Seoul Office
#1804, 18th
Floor, Koryo Daeyeongak Center,
97 Toegye-ro, Jung-gu, Seoul, 100-706, Korea
Tel:	+82-2-319-9998
Fax:	+82-2-319-9997
Email: seoul@boi.go.th
MUMBAI
Thailand Board of Investment, Mumbai Office
Express Tower, 12th
Fl., Barrister Rajni Patel Marg,
Nariman Point, Mumbai, Maharashtra 400021
Tel: 	 +91-22-2204-1589-90
Fax: 	+91-22-2282-1525
Email: mumbai@boi.go.th
NEW YORK
Thailand Board of Investment, New York Office
7 World Trade Center, 34th
Floor, Suite F,
250 Greenwich Street, New York, New York 10007, U.S.A.
Tel: 	 +1 (0) 212 422 9009
Fax: 	+1 (0) 212 422 9119
Email: nyc@boi.go.th
Website: www.thinkasiainvestthailand.com
LOS ANGELES
Thailand Board of Investment, Los Angeles Office
Royal Thai Consulate-General, 611 North Larchmont Boulevard,
3rd
Floor, Los Angeles CA 90004, U.S.A.
Tel: 	 +1 (0)-323-960-1199
Fax: 	+1 (0)-323-960-1190
Email: boila@boi.go.th
FRANKFURT
Thailand Board of Investment, Frankfurt Office
Investment Section, Royal Thai Consulate-General
Bethmannstr. 58,5.0G
60311 Frankfurt am Main,
Federal Republic of Germany
Tel: 	 +49 (069) 92 91 230
Fax: 	+49 (069) 92 91 2320
Email: fra@boi.go.th
PARIS
Thailand Board of Investment, Paris Office
Ambassade Royale de Thaïlande
8, rue Greuze, 75116 Paris, France
Tel: 	 +(33-1) 56 90 26 00
Fax: 	+(33-1) 56 90 26 02
Email: par@boi.go.th
STOCKHOLM
Thailand Board of Investment, Stockholm Office
Stureplan 4C 4th
Floor, 114 35 Stockholm, Sweden
Tel:	 +46 (0) 8463 1158, +46 (0) 8463 1174-75
Fax:	+46 (0) 8463 1160
Email: stockholm@boi.go.th
SYDNEY
Thailand Board of Investment, Sydney Office
Suite 101, Level 1, 234 George Street, Sydney,
New South Wales 2000, Australia
Tel: 	 +61-2-9252-4884
Tel: 	 +61-2-9252-4882
Email: sydney@boi.go.th
Thailand Board of Investment
www.boi.go.th
Think Asia, Invest Thailand

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Thailand's Medical Hub

  • 1. THAILAND’S MEDICAL HUB Thailand Board of Investment www.boi.go.th
  • 2. Thailand: Medical Hub Policy The policy aims to utilize existing human and natural resources to its highest potential and to enhance the income level of many different parties. The goal is to manifest a true improvement in the quality of life of Thai citizens. To implement this vision, the government has divided the Medical Hub Policy into four main segments. THAILAND: MEDICAL HUB OF ASIA Thailand is well-positioned to be the medical hub of Asia. With outstanding medical foundation that includes premium medical services, qualified healthcare specialists and various internationally accredited medical facilities, Thai medical services are renowned worldwide, resulting in a rapid growth in supporting industries such as pharmaceuticals, laboratory tests and clinical R&D. The government has progressive policies in place to help the country attain the position of “Thailand, a Hub of Wellness and Medical Services”, within a ten year time frame. The strategic ten-year plan, which will be executed from 2016-2025, proposes to turn Thailand into a medical hub in four major areas: wellness, medical services, academics and products. Thailand has given the healthcare industry top priority, as seen in the government’s expenditure on healthcare. The government spends 14% of its total budget on the healthcare industry, which accounts for 4.6% of Thailand’s GDP; it is considered to be the highest among ASEAN countries To strengthen Thailand’s positionasthemedicalhub of Asia, the government’s support and increased demand in healthcare market have brought great opportunities for continual success in related fields including the medical services, pharmaceutical sectors and medical devices. Wellness Hub Academic Medical Center Medical Service Hub Health Product Medical Services Pharmaceutical Sectors Medical Devices 0 2 4 6 8 10 12 14 16 18 USA Germany Sweden UK SouthKorea China Thailand Singapore India Indonesia Thailand’s Healthcare Expenditure Healthcare Expenditure as Percentage of GDP Source: World Bank, as of 2015
  • 3. MEDICAL SERVICES Leading Medical Tourism Hub of Asia World-class Medical Facilities The healthcare industry is largely driven by our world-class medical facilities. We are among the first in Asia to With more than 1,000 public and 300 private hospitals nationwide and over 50,573 well-trained physicians, we offer a diverse range of treatments that include: • General examinations • Dentistry • Cancer treatments • Hip replacements • Kidney transplants • Cardiology testing • Heart surgeries • Laser eye surgeries • Cosmetic surgeries • Weight loss surgeries • Sex change operations • Balloon dilatation As the world leader for medical tourism, over a million international patients travel to Thailand every year on medical travel packages. The number of the foreign patients receiving treatment reached 2.35 million people in 2014 and their numbers are growing annually. With our world-class medical facilities, premium healthcare services available at highly competitive prices, and our global reputation for graceful and attentive service, it is not hard to see why we are rapidly becoming the Medical Tourism Hub of Asia. Our 53 JCI Accredited Hospitals and 4 receiving Advanced HA are among the first to receive accreditation in Asia 1st in Top Destinations for Medical Tourism* Foreign Patients to Thai Hospitals: 2008-2014 Source: Department of International Trade Promotion, Ministry of Commerce, Thailand: *Healthydietbase, 2015 Note: 1 Compound Annual Growth Rate (2009-2014) MillionPeople 0 0.5 1 1.5 2 2.5 3 2009 2010 2011 2012 2013 2014 10.96% 1 have hospitals that have acquired the Joint Commission International (JCI) accreditation.
  • 4. PHARMACEUTICAL SECTORS The pharmaceutical market in ASEAN is growing at an unprecedented pace. Thailand’s pharmaceutical market is considered as the largest and most developed in the region, and is projected to achieve the rank of the eighth largest market in the Asia Pacific Region within this year. Thailand’s export of pharmaceutical products has grown steadily over the past five years, demonstrating a growth of 6.12%. Most of the pharmaceutical exports went to countries in the ASEAN region, such as Myanmar (17.4%), Vietnam (16.2%) and Cambodia (9.5%). Thailand imports its pharmaceuticals from a diverse base of pharmaceutical suppliers. In 2015, the US was the largest supplier of pharmaceuticals to Thailand and accounted for 15.4% of total imports. China, Germany and Switzerland were the next largest suppliers at 10.7%, 9.3% and 6.7%, respectively. Since most active pharmaceutical ingredients are imported from manufacturers overseas, this leaves sizable room for new pharmaceutical investors. Center of Excellence in Clinical Trials Thailand is devoted to promoting the execution of clinical studies in compliance with the International Conference on Harmonisation-Good Clinical Practice (ICH-GCP) standards. With a strong determination and government support to move the country toward a world-class center of excellence for clinical trials, in combination with several organizations and research institutions supporting the development and testing of drugs and other medical technological breakthroughs, there is an evident potential for continued growth in research and development in the pharmaceutical industry In Thailand. Thailand has been widely accepted on its well-developed clinical trial infrastructures. A number of international Source: National Science Technology and Innovation Policy Office (STI) Note: 1 Food Science and Technology Association of Thailand (FoSTAT); 2 Thailand Center of Excellence for Life Sciences (TCELS) 3 Thailand Reserve Fund (TRF); 4 National Innovation Agency (NIA), 5 National Science and Technology Development Agency (NSTDA), 6 The Board of Investment of Thailand (BOI) Thailand’s Clinical Trial Process And Components contract research organizations (CRO) see Thailand as an attractive place to conduct clinical trials, given its large target population, qualification and credentials of Thai researchers, relatively low costs, and good clinical capabilities and high standard. R&D Prototype Pre- Clinical Clinical Trials Manufacturing Networking 1 2 Financial Support 3 4 2 6 5 Research 5 Universities and Medical Schools Infrastructure Universities Standard & Regulations Thailand’s Food and Drug Administration Capacity Building Universities and Medical Schools IPO* Universities
  • 5. Pioneering Research in Vaccine Development With high-caliber researchers, vaccine developers and a vast amount of agencies working in the field of vaccine research and development, Thailand is now becoming the leader of vaccine development in ASEAN. Some successfully developed projects include 5-in-1 or ‘cocktail’ vaccine, H5N1 avian influenza vaccine, dengue vaccine. 5-in-1 or ‘Cocktail’ Vaccine Many vaccines have been developed by the Thailand’s NSTDA in collaboration with BIONET Asia. For instance, the 5-in- 1 or ‘Cocktail’ vaccine against 5 major infectious diseases, diphtheria, tetanus, pertussis, hepatitis B, and meningitis has been successfully developed and is expected to be released to the market in 2017. H5N1 Avian Influenza In response to the worldwide outbreak of avian influenza in 2005 and the pandemicH1N1in2009,theGovernment Pharmaceutical Organization (GPO) has actively involved in the development of flu vaccine production capacity as part of the National Flu Pandemic Preparedness Plan. The GPO H1N1 PLAIV vaccine approved by the Thai FDA in 2011, followed by the “FluVac” H5N2 and the IIV seasonal vaccines currently under clinical trials and an establishment of an industrial- scale influenza vaccine production plant in Saraburi province have clearly demonstrated the successful accomplishment of GPO in influenza vaccine production. Dengue Vaccine NSTDA researchers have also developed a dengue vaccine to address and prevent dengue fever, the disease of high fatality rate. The vaccine is aimed for use in indigenous population as well as populations along Thailand’s border regions. Natural Product Research in Thailand Functional Food Thailand is one of largest emerging international markets in South and South-East Asia. We have a strong focus on promoting the food industry, developing export-oriented food products and creating innovative new products. Recently, Thai scientists have begun investigating the subtle action of biologically active food components on human health. Additional research aims to validate the efficacy of these food components and establish appropriate dietary levels. Thai researchers have identified functional food components that may improve memory, reduce arthritis, lessen cardiovascular disease and provide other benefits typically associated with utilizing prescription drugs. Thailand is making a great deal of progress with respect to functional foods and molecular nutrition, both novel scientific paradigms that challenge traditional nutrition approaches. Biopharmaceuticals See Dynamic Growth Biopharmaceuticals market has continued to expand and is expected to represent approximately 19 – 20% of the overall global spending in pharmaceuticals by 20171. Since demands for biopharmaceuticals in ASEAN have been growing significantly, Thailand demonstrates high potential in becoming the emerging biopharmaceuticals hub of the region. Given Thailand’s capabilities in clinical trial infrastructures and abundant biopharmaceutical-related trial subjects, the country has bright prospects for growth in this fast-growing industry. While protein-based drugs have been used to treat many diseases, drug manufacturers face many challenges producing the required proteins in large quantities. To solve this problem, the National Science and Technology Development Agency (NSTDA) has been successful with characterizing the protein-production performance of a methylotrophic strain called Pichia thermo methanolica, which can be used as an active ingredient in medicine. This discovery enables scientists to create ground-breaking protein-based drugs. Great strides are being made in biopharmaceutical research in Thailand; the pre-industrial production of a recombinant human growth hormone is underway. Supported by the TCELS, the hormone is currently under trial production at the National Biopharmaceutical Facility at King Mongkut’s University of Technology, Thonburi.
  • 6. National Biopharmaceutical Facility (NBF) King Mongkut’s University of Technology Thonburi (KMUTT), in collaboration with BIOTEC, established Thailand’s first CMO for manufacturing of biopharmaceuticals for phase I/II clinical trials. NBF’s GMP-compliant facility comprises a microbial fermentation suite, a cell culture suite (both up to 500L batch size with well segregated downstream processing areas), and an aseptic fill and finish line with lyophilization capability. As other infrastructure projects in translational research are currently under progress in Thailand, NBF is directing its efforts into building Thailand as an R&D and manufacturing hub in the bio- pharmaceutical industry in the Greater Mekong sub-region and ASEAN. MEDICAL DEVICES Thailand’s medical device market has continued to thrive due to several key factors. The growing influx of medical tourists along with the rise in the standard of living of Thai citizens and the government’s continued efforts to develop Thailand into a leading medical hub, have led to constant innovation in this area. In addition to the wide variety of medical devices being manufactured domestically, a substantial number of high-grade and sophisticated medical devices are being imported to meet the rising demand. There are tremendous opportunities for new investment in the kingdom with respect to manufacturing high-end medical devices. Thailand’s medical industry demonstrates definite potential toward positioning the country both as a principal Asian medical hub and as a cost-effective production location for global medical devices. Thai Medical Diagnosis Kits Test Kit for Alpha Thalassemia Carrier Screening The test was developed by the Biomedical Technology Research Unit of the Faculty of Associated Medical Sciences, Chiang Mai University. It takes only 3 minutes to perform a single test with this test kit. The test is convenient to use, inexpensive and is 99% accurate. At present, the invention has been passed on to private companies for commercial manufacturing. Thai Red Blood Cells Test Kit One of the basic tests in a blood bank laboratory is testing for a reaction between the antigen and the antibody of red blood cells. The development of the Gel Test technique will help avoid errors that occur from identifying results using the conventional sample-shaking technique that involves test tubes. The test results can also be re-read anytime by anyone. RFID based diagnostic kits The Thai government provides support for new developments and innovation not only in the biochemical space, but also in the electronic field. This has led to Thailand increasing its capability to provide one-stop solutions and deliver innovative diagnostic kits. For instance, adapting RFID or “Near field communication” (NFC) into a diagnostic kit enables a new type of user experience. Users can simply use their smart phones to read and analyze data, rather than utilizing traditional analyzer devices. Silicon Craft Technology, a RFID microchip company, has introduced the SIC4340 NFC tag IC with a 12-bit ADC. Users can connect and communicate with a diagnostic device or a bio-chemical sensor, to read and analyze data via a NFC-enabled smart phone. Major International Companies in the Pharmaceutical Industry Thailand’s cost-effective and high- quality manufacturing processes have played a pivotal role in attracting foreign pharmaceutical companies. The pharmaceutical market is dominated by foreign manufacturers and distributors. Moreover, Thailand has a significant domestic market and local production of generic drugs. The major domestic manufacturer is the Government Pharmaceutical Organization (GPO), run by Thailand’s Ministry of Public Health (MPH).
  • 7. Implanted Medical Devices Acquirement of CE marking and ISO 13485 certification for Thai hip prostheses The project, co-funded by Chulalongkorn University and TCELS, has completed the development of Unipolar Modular Hip Prosthesis, which is a prosthesis model that is more compatible with the anatomy of Asians. The model comprises of Hip stem, Femoral head andSleeve.In2016,theprojecthasbeen continuously supported and funded by TCELS to undergo standard testing in overseas laboratories accredited with Certificate of Accreditation (ISO/IEC 17025): • Performance Test in accordance with ISO 7206, ASTM 2009 and ASTM1875, in Germany • Biocompatibility Test in accordance with ISO 10993, in Singapore Advanced Dental Technology Center (ADTEC) To further enhance dentistry in Thailand, ADTEC was established in 2012 with a mission to design and develop medical devices which are in line with international standard of ISO 13485. The center has successfully implemented the case of Dental Implant, which also includes the prototype mini plates and screws for face and jaw bones. Medical Robotics in Thailand To serve Thailand’s growing medical service sector, Thailand Center of Excellence for Life Sciences (TCELS) has established a Center for Advanced Medical Robotics, which is at the forefront of robotics network in Thailand. The center focuses on international and regional investors and users, with an aim to broaden Thailand’s research base through Advanced Medical Robotics projects. With great supporting measures and an extensive network of researchers, Thailand is able to develop medical robots specializing in many different fields. For instance, Dinsow elderly care robot, by CT Asia Robotics, Co., Ltd, Fhasai robot-assisted therapy for children with autism spectrum disorders, by Mahidol University, Sensible Tab arm rehabilitation robot, by TCELS and TMGI Co.,Ltd., etc. Major International Companies in the Medical Device Industry
  • 8. INVESTMENT INCENTIVES BOI Incentives BOI offers a wide range of tax and non-tax incentives for projects that meet national development objectives Tax Incentives *Note: Exemption of import duty on all machinery and exemption of import duty only on raw or essential materials used in manufacturing exported products Other Government Incentives Apart from BOI incentives, several types of support are provided by other government agencies and organizations: National Science and Technology Development Agency (NSTDA) • NSTDA acts as a bridge between academic research and the private sector • Operating under NSTDA umbrella, National Center for Genetic Engineering and Biotechnology (BIOTECH) functions as a premier research institute and human resource development center, with a vision to push Thailand towards a knowledge based society through science and technology. Thailand Science Park (TSP) • 1st technology and innovation hub of Thailand • Provides one-stop service for innovation development and R&D in private sectors, ranging from technology transfer through ecosystem of more than 3,000 researchers in technology centers, companies & universities, to financial assistance & business incubation. National Innovation Agency (NIA) • Granted Innovation coupon for approved projects to support 90% of R&D expenses incurred by innovation service providers (in cooperation with the Federation of Thai Industries) • Provide financial support of 25%- 75% to be granted to prototype or pilot scale projects, and Interest free loan for up to 3 years to assist in the start-up of commercial operation of innovation projects Thailand Center of Excellence for Life Sciences (TCELS) TCELS is a single platform that supports the establishment of life science based businesses and investment in Thailand. TCELS connect companies with local university research facilities and business partners through a matching database and business forum. Some of the areas covered are biopharmaceuticals, cosmetics, medical robotics & devices, and cell & gene products. GROUP ELIGIBLE ACTIVITIES INCENTIVES Corporate income tax exemption Exemption of import duty* A1 Biotechnology: • R&D activity and/or manufacturing of biopharmaceutical agents • Projects with R&D and/or manufacturing of diagnostic kits for health, agriculture, food and environment Manufacturing of high-risk or high-technology medical devices that involve R&D and innovation 8 years without cap  A2 Manufacture of: • Medical food and supplements • High-risk or high-technology medical devices that does not involve R&D and innovation • Medical devices that are commercialized from public sector research or collaborative public-private sector research 8 years  A3 Manufacture of other medical devices (except for medical devices made of fabrics or fibers) 5 years  A4 Manufacture of medical devices made of fabrics or fibers 3 years  B1 Projects in health rehabilitation centers -  Non-Tax Incentives These activities also receive the following non-tax incentives: Permit to bring in expatriates Permit to take or remit foreign currency abroad Permit to own land
  • 9. CONTACT US HEAD OFFICES OFFICE OF THE BOARD OF INVESTMENT 555 Vibhavadi-Rangsit Road, Chatuchak, Bangkok 10900 Tel: +66 (0) 2553-8111 Fax: +66 (0) 2553-8315 Website: www.boi.go.th Email: head@boi.go.th ONE START ONE STOP INVESTMENT CENTER (OSOS) 18th Floor, Chamchuri Square Building, 319 Phayathai Road, Pathumwan, Bangkok 10330 Tel: +66 (0) 2209-1100 Fax: +66 (0) 2209-1199 Website: osos.boi.go.th Email: osos@boi.go.th ONE STOP SERVICE CENTER FOR VISAS AND WORK PERMITS 18th Floor, Chamchuri Square Building, 319 Phayathai Road, Pathumwan, Bangkok 10330 Tel: +66 (0) 2209-1100 Fax: +66 (0) 2209-1194 Email: visawork@boi.go.th REGIONAL OFFICES REGIONAL INVESTMENT AND ECONOMIC CENTER 1 CHIANG MAI OFFICE Airport Business Park 108-110, 90 Mahidol Road, Amphur Muang, Chiang Mai 50100 Tel: +66 (0) 5329 4100 Fax: +66 (0) 5329 4199 Email: chmai@boi.go.th PHITSANULOK OFFICE 3rd Floor, Thai Sivarat Building, 59/15 Boromtrilokkanat 2 Road, Naimuang, Amphur Muang, Phitsanulok 65000 Tel: +66 (0) 5524-8111 Fax: +66 (0) 5524-8777 Email: phitsanulok@boi.go.th REGIONAL INVESTMENT AND ECONOMIC CENTER 2 NAKHON RATCHASIMA 2112/22 Mitraphab Road, Amphur Muang, Nakhon Ratchasima 30000 Tel: +66 (0) 4438 4200 Fax: +66 (0) 4438 4299 Email: korat@boi.go.th REGIONAL INVESTMENT AND ECONOMIC CENTER 3 KHONKAEN 177/54 Moo 17, Mitraphab Road, Amphur Muang, Khonkaen 40000 Tel: +66 (0) 4327 1300-2 Fax: +66 (0) 4327 1303 Email: khonkaen@boi.go.th REGIONAL INVESTMENT AND ECONOMIC CENTER 4 CHONBURI 46 Moo 5 Laem Chabang Industrial Estate, Sukhumvit Road, Toongsukhla, Sriracha, Chonburi 20230 Tel: +66 (0) 3840 4900 Fax: +66 (0) 3840 4997, +66 (0) 3840 4999 Email: chonburi@boi.go.th REGIONAL INVESTMENT AND ECONOMIC CENTER 5 SONGKHLA 7-15 Chaiyong Building Juti Uthit 1 Road, Hadd Yai, Songkhla 90110 Tel: +66 (0) 7458 4500 Fax: +66 (0) 7458 4599 Email: songkhla@boi.go.th REGIONAL INVESTMENT AND ECONOMIC CENTER 6 SURAT THANI 49/21-22 Sriwichai Road, Makhamtia, Amphur Muang, Surat Thani 84000 Tel: +66 (0) 7740 4600 Fax: +66 (0) 7740 4699 Email: surat@boi.go.th OVERSEAS OFFICES SHANGHAI Thailand Board of Investment, Shanghai Office Royal Thai Consulate General, No. 18, Wanshan Road, Changning Distric, Shanghai 200336, P.R.C. Tel: +86-21-5260-9876, +86-21-5260-9877 Fax: +86-21-5260-9873 Email: shanghai@boi.go.th BEIJING Thailand Board of Investment, Beijing Office Royal Thai Embassy, No.40 Guang Hua Road, Beijing 100600 P.R.C. Tel: +86-10-6532-4510 Fax: +86-10-6532-1620 Email: beijing@boi.go.th GUANGZHOU Thailand Board of Investment, Guangzhou Office Investment Promotion Section, Royal Thai Consulate-General, No.36 Youhe Road, Haizhu District, Guangzhou, P.R.C. 510310 Tel: +86-20-8385-8988 Ext. 220-225, +86-20-8387-7770 (Direct line) Fax: +86-20-8387-2700 Email: guangzhou@boi.go.th TAIPEI Thailand Board of Investment, Taipei Office Taipei World Trade Center, 3rd Floor, Room 3E 39-40 No.5 Xin-Yi Road, Sec. 5 Taipei 110, Taiwan R.O.C. Tel: +886-2-2345-6663 Fax: +886-2-2345-9223 Email: taipei@boi.go.th TOKYO Thailand Board of Investment, Tokyo Office Royal Thai Embassy, 8th Floor, Fukuda Building West, 2-11-3, Akasaka, Minato-ku, Tokyo 107-0052 Japan Tel: +81 (0) 3-3582-1806 Fax: +81 (0) 3-3589-5176 Email: tyo@boi.go.th OSAKA Thailand Board of Investment, Osaka Office Royal Thai Consulate-General, Bangkok Bank Building, 7th Floor, 1-9-16 Kyutaro-Machi, Chuo-Ku, Osaka 541-0056 Japan Tel: +81 (0) 6-6271-1395 Fax: +81 (0) 6-6271-1394 Email: osaka@boi.go.th SEOUL Thailand Board of Investment, Seoul Office #1804, 18th Floor, Koryo Daeyeongak Center, 97 Toegye-ro, Jung-gu, Seoul, 100-706, Korea Tel: +82-2-319-9998 Fax: +82-2-319-9997 Email: seoul@boi.go.th MUMBAI Thailand Board of Investment, Mumbai Office Express Tower, 12th Fl., Barrister Rajni Patel Marg, Nariman Point, Mumbai, Maharashtra 400021 Tel: +91-22-2204-1589-90 Fax: +91-22-2282-1525 Email: mumbai@boi.go.th NEW YORK Thailand Board of Investment, New York Office 7 World Trade Center, 34th Floor, Suite F, 250 Greenwich Street, New York, New York 10007, U.S.A. Tel: +1 (0) 212 422 9009 Fax: +1 (0) 212 422 9119 Email: nyc@boi.go.th Website: www.thinkasiainvestthailand.com LOS ANGELES Thailand Board of Investment, Los Angeles Office Royal Thai Consulate-General, 611 North Larchmont Boulevard, 3rd Floor, Los Angeles CA 90004, U.S.A. Tel: +1 (0)-323-960-1199 Fax: +1 (0)-323-960-1190 Email: boila@boi.go.th FRANKFURT Thailand Board of Investment, Frankfurt Office Investment Section, Royal Thai Consulate-General Bethmannstr. 58,5.0G 60311 Frankfurt am Main, Federal Republic of Germany Tel: +49 (069) 92 91 230 Fax: +49 (069) 92 91 2320 Email: fra@boi.go.th PARIS Thailand Board of Investment, Paris Office Ambassade Royale de Thaïlande 8, rue Greuze, 75116 Paris, France Tel: +(33-1) 56 90 26 00 Fax: +(33-1) 56 90 26 02 Email: par@boi.go.th STOCKHOLM Thailand Board of Investment, Stockholm Office Stureplan 4C 4th Floor, 114 35 Stockholm, Sweden Tel: +46 (0) 8463 1158, +46 (0) 8463 1174-75 Fax: +46 (0) 8463 1160 Email: stockholm@boi.go.th SYDNEY Thailand Board of Investment, Sydney Office Suite 101, Level 1, 234 George Street, Sydney, New South Wales 2000, Australia Tel: +61-2-9252-4884 Tel: +61-2-9252-4882 Email: sydney@boi.go.th Thailand Board of Investment www.boi.go.th Think Asia, Invest Thailand