The National Innovation Agency (NIA) is continuing to push forward the Yothi Medical Innovation District (YMID) initiative in Bangkok, aiming to meet the growing demand for a central medical hub in Asia, according to NIA’s executive director, Pun-Arj Chairatana.

 

Situated in Bangkok’s Yothi neighbourhood, the YMID project seeks to decrease imports of medical innovations and establish a Thai medical innovation brand. The district comprises medical institutes, educational institutes, research units, residential areas, restaurants, cafes, and co-working spaces.

 

With 163 supported projects within the district, the YMID initiative includes bed-sharing systems for patient transfers between hospitals and investments totalling 11 billion baht in scientific research, technology, and innovation to set up the Medical Innovations Development Center. Moreover, the Board of Investment has introduced measures to encourage investment in the zone, with three innovative businesses applying for benefits within the investment promotion zone, reports Bangkok Post.

 

Pun-Arj highlighted that the pandemic has significantly altered the healthcare and medical technology landscape. The demand for medical and healthcare solutions has surged, transforming the industry into a crucial sector globally, benefiting both social and economic aspects. This trend is evident in Thailand, which has ambitious plans to create a medical hub within the Asian region.

 

By Alex Morgan

Caption: Photo via YMID's official website

 

Full Story: https://thethaiger.com/news/business/bangkoks-yothi-district-drives-thai-medical-innovation-to-meet-asian-demand

 

-- © Copyright Thaiger 2023-06-07

 

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