| Lawyer Thailan,law thailand,thai law, |
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Health Care Opportunities
In Thailand
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| By Ernest Rayburn |
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Thailand, like many other countries in the world, is changing because of the decline in the birthrate. It takes about 2.1 babies to replace their parents. Sometime, about forty plus years ago, the birth rate fell below replacement. The average for the country is about 1.8 babies per household. For Bangkok, the average is less than 1.2 babies per household. As a result, in the year 2000, the Thai population looked like this: |
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This picture is now almost eight years old. Thailand’s population is now about 65 million. Microsoft recently acquired a Thai company that produces medical software in cooperation with one of Asia’s leading hospitals in Bangkok. The Thai pharmaceutical industry is reasonably well developed and capable. Kasetsart University has a program to discover the medical benefits of indigenous plants and make them available for licensing.
In summary, the population demographics, research and development resources, and infrastructure position Thailand as a good place to consider for investment in health care. With its lower cost of living and health care infrastructure, Thailand is attracting retirees. This will enhance the attractiveness of the market. Technology transfer as an import can work in Thailand. Export of health products and food will work, and domestic consumption will grow stronger for many years. |
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