MarketReportsOnline.com adds "Medical Tourism Market Report: 2015 Edition" report to its research store.
Medical
tourism is a high-growth industry driven by globalization and rising healthcare
costs in developed countries. People prefer traveling to developing countries
for treatments in order to save cost. More than forty countries in Asia,
America, Africa and Eastern Europe are serving millions of medical tourists
annually. International medical service providers are in continuous race to get
accreditation from Joint Commission International (JCI).
Thailand,
Singapore, Malaysia and India are the major destinations in the Asian medical
tourism market. Thailand is more popular among Western European medical
tourists for cosmetic surgery. Singapore and India specialize in complex
procedures with India having a cost advantage and Singapore a technology
advantage. The most common categories of procedures that people pursue during medical
tourism trips are cosmetic surgery, dentistry, cardiology (cardiac surgery),
and orthopedic surgery.
The healthcare
industry in Thailand has seen rapid growth in recent years, ahead of the
country's GDP. In Thailand, medical costs are lower than in Singapore and also,
it is a much more popular tourist destination. In this regard it is providing
medical services, latest medical technology, medicines, and is further
strengthening modern medicine, alternative medicine and biotechnology.
The Malaysian
government is aggressively promoting medical tourism. Through its Ministry of
Tourism, Malaysia oversees tourism policies and tourism-related activities to
realize its vision of making Malaysia an international tourism destination.
Indian
government is aggressively promoting India as a global healthcare destination.
It has also started giving affiliation to the companies working in healthcare
sector. Being one of the lowest cost and highest quality of all medical tourism
destinations, it offers wide variety of procedures at about one-tenth the cost
of similar procedures in the US.
The Korean
government is promoting the nation's growing medical tourism industry and is
actively taking initiatives that are mainly geared to introduce the services
and facilities of Korean hospitals to overseas expositions. However, Korea has
yet to increase its standing among other Asian nations.
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This report
gives an overview of the medical tourism industry with focus on Asia. It
discusses the major medical tourist destinations like Singapore, Thailand,
Malaysia, India, South Korea and Turkey and their respective competitive
advantages. The major healthcare organizations in Asia are also profiled in the
later part of the report.
Few points from List of Tables and
Charts
List of Tables
Global Medical Tourism
Destinations
Top 5 Medical Tourists by
Nationality in Thailand (2010-2014)
Medical Cost Chart (in %)
vs. US (100%)
IHH Berhad, Hospital
Division Statistics (2014)
KPJ Healthcare Berhad,
Hospital Division Statistics (2015)
List of Charts
Medical Tourism Industry
Medical Tourism - Service
Network
Global Medical Tourism
Market Value (2004-20015)
Medical Procedures –Average
Saving Rate v/s US
Asian Medical Tourism
Market (2013-2017E)
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