Medical, beauty sectors picked to surge

The medical services and beauty sectors have the brightest prospects for 2023, driven by social media and an ageing society focused more on health and tourism, according to a recent survey by the University of the Thai Chamber of Commerce (UTCC).

Tanning, printing of journals and newspapers, printed media delivery, and printing houses are sunset sectors based on the survey.

Vachira Kunthawethep, director of the Institute of Trade Strategies under the UTCC, said the survey is based on sales, production costs, net profit, impact from risk factors and the competitive environment, demand and support factors such as the easing of the pandemic, vaccination coverage, tourism recovery, government support policies and the general election scheduled for next year.

“We expect the growing number of elderly will help drive demand for medical services, while Thais have…