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In 2020 operating results of private hospitals have been under pressure from the COVID-19 epidemic, affecting purchasing power of Thai and foreign patients
Private hospital business is expected to enjoy average annual growth of 10-13% from 2019 to 2021. Business expansion will be underpinned by structural changes in Thai demographics, including the aging society, continuing urbanization, and the ongoing growth of the middle classes. In addition, increasing health-awareness trend globally with personal health and wellness will also help to support sectoral growth.
Currently, there are 38,512 medical facilities in Thailand, comprising 13,364 public hospitals, accounting for 34.7%
Mass transit services are a relatively stable and solid structure than other services because they are typically in the form of public-private partnerships providing a necessary public utility. Moving forward, income should grow as demand for public transport partly displaces use of private vehicles, a process that will be accelerated by the expansion of integrated rail transport networks. Alongside this, demand will be further lifted by the fading of the COVID-19 pandemic, which is bringing with it recovery in domestic and international tourist markets and in social and economic activity more broadly.
Bright outlook for new investment cycle driven by three visible trends: (i) the Private Investment Index showed the strongest rise in almost three years; (ii) industrial capacity utilization has finally returned to pre-pandemic levels; and (iii) there are more industries expressing confidence.
Indonesia's economy is driven primarily by domestic demand, with private consumption accounting for 55.8 percent of gross domestic product (GDP) in the first quarter of 2026, supported by a large working-age population with a low average age. This consumption-led growth relies on middle-income households as a key source of purchasing power.
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