Medical Tourism Market Report: 2015 Edition

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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. 

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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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Medical Tourism Market Report: 2014 Edition

MarketReportsOnline.com adds "Medical Tourism Market Report: 2014 Edition" report to its research store.

Medical treatment abroad, also called ‘medical tourism’, is a booming international industry where patients seek healthcare services from sources outside their country. Usually every type of medical treatment is available abroad with over 50 countries identifying as destinations in medical tourism. Medical tourism is a high-value sector that generates revenue for multiple industries. Given the lucrative potential fees, more governments are dedicating resources to boost the sector in their respective countries.

Medical tourists are presently traveling to faraway countries for cosmetic surgery, dental procedures, bariatric surgery, assisted reproductive technology, ophthalmologic care, orthopaedic surgery, cardiac surgery, organ and cellular transplantation, gender reassignment procedures, and even executive health evaluations.

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The report cites that rise in healthcare costs, long wait times, an ageing population, and increasing demand for cosmetic and dental surgery not covered by insurance in developed countries, coupled with the availability of high quality, low cost medical services in developing countries are the key drivers for the rise in medical tourism industry. Patients travelling abroad can save upto 85% of the cost of a procedure by travelling abroad. The world’s top four medical tourism destinations: Thailand, Singapore, India and Malaysia are seeing a steady increase in medical tourists every year. India is one of the lowest cost and highest quality medical tourism destination. It offers low-cost cardiovascular and orthopedic procedures, at about one-tenth the cost of similar surgeries in the US.

The report “Medical Tourism Market: 2014 Edition” analyzes the development of the medical tourism market globally. The global market as well as emerging markets including Thailand, Singapore, Malaysia, India, Korea and Turkey are being discussed in the report. The major trends, growth drivers as well as issues being faced by the industry are being presented in this report. The five major players in the industry, Bumrungrad Hospital Public Company Limited, IHH Healthcare Berhad, Raffles Medical Group, Bangkok Dusit Medical Services and KPJ Healthcare Berhad, are being profiled, along with their key financials and strategies for growth.

List of Charts

Medical Tourism Industry
Medical Tourism  Service Network
Global Medical Tourism Market Size (20082013)
Asian Medical Tourism Market (20132017E)
Number of Medical Tourists in Asia (20092013)
Medical Tourism Market Size, Thailand (20102013E)
Inflow of Foreign Patients in Thailand (20102013E)
Breakdown of Health Procedures Used by International Patients (2013E)
Medical Tourism Market Size, Singapore (20072014E)
Medical Tourists Arrival in Singapore (20072014E)
Geographic Breakdown of Medical Tourists Arriving in Singapore (2013E)
Medical Tourism Market Size, Malaysia (20072014E)
Medical Tourists Arrival in Malaysia (20072014E)
Geographic Breakdown of Medical Tourists Arriving in Malaysia (2013E)
Medical Tourism Market Size, India (20062014E)
Medical Tourists Arrival in India (20102014E)
Geographic Breakdown of Medical Tourists Arriving in India (2013E)
Segmentation of Medical Tourism Procedures in India (2013E)
Medical Tourism Market Size, Korea (20062014E)
Medical Tourists Arrival in Korea (20092014E)
Breakdown of Procedures Used by Foreign Patients (2013E)
Medical Tourists in Korea by Geography (2013E)
Medical Tourism Market Size, Turkey (20082014F)

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About Us:
MarketReportsOnline comprises of an online library of 2,50,000 reports and in-depth market research studies of over 5000+ micro markets. We provide 24/7 online and offline support to our customers. Get in touch with us for your needs of market research reports.

Contact:
Mr. Ritesh Tiwari
Corporate Office
TX, Dallas North - Dominion Plaza,
17304, Preston Road,
Suite 800, Dallas 75252.
Tel: + 1 888 391 5441
E-mail: sales@marketreportsonline.com