Presidential task force to set medical tourism strategy in motion, official says – The Island

By Sanath Nanayakkare

Revenues from medical tourism could contribute to national economic recovery and growth, and therefore, we need a presidential task force that could accelerate and effectively harness the economic benefits of medical tourism, Ms. Dhammika said in Colombo. Wijesinghe, additional secretary of the Ministry of Tourism. Saturday.

“The main impact of medical tourism is that it brings in direct foreign exchange earnings and contributes greatly to government revenue. So we need to invest in local infrastructure development to attract foreign medical tourists for treatment. foreign exchange earnings to improve the country’s balance sheet,” she said.

She made the remarks during the 135th anniversary – International Medical Congress 2022 – organized by the Sri Lanka Medical Association, where a session on medical tourism was held.

She observed that a presidential task force should be established to give impetus to this nascent industry in Sri Lanka.

“The government has developed a national export strategy which also includes medical tourism. But we have not been active enough to implement it. It would be a waste of our effort made in the first place. The potential and capacity of Sri Lanka for the development of medical tourism and wellness tourism is enormous. So beyond planning, we need real implementation of plans and that’s where a presidential task force could play a vital role.

“Furthermore, the country’s political and business leaders need to show the world that they have confidence in Sri Lanka’s health system and medical services. We have to demonstrate to the world that there is a very good health system in Sri Lanka; our doctors are highly qualified and trained and can cure any disease and help patients, and they are on par with world class specialists.

“Only then can we attract foreign visitors here to seek our medical services. Only then will foreign visitors decide to cross international borders with the intention of receiving medical treatment in Sri Lanka.

“Sri Lanka has a lot of potential to enter and establish its presence and position in the regional medical tourism market, but all relevant stakeholders need to come together to accelerate the demand and adoption of medical tourism and make Sri Lanka a destination of choice. for medical tourists,” she said.

According to reports from fact checkers, the Thai medical tourism market is expected to reach US$5,687 million in 2022. Sales of the Thai medical tourism market are expected to grow at a robust CAGR of 18.4% (compound annual growth rate ). The total sales of the Thai medical tourism market represent 2-7% of the global medical tourism market.

The medical tourism market in Malaysia was valued at USD 1.2 billion in 2020 and is expected to grow at a steady CAGR of 4.5% over the forecast period (2021-2028), with the market valuation reaching 5.1 billion US dollars by the end of 2028.

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