Medical tourism is the new buzzword in the tourism industry around the globe as it helps in enhancing the revenue portfolio of various other associated sectors. Medical tourism has emerged as one of the fastest growing segments of the Asian tourism industry. The cost of medical treatments in developed countries, particularly in the US and the UK, has been significantly high, which has prompted the patients from these regions to visit cost effective destinations. Moreover, growth in wellness tourism in Asian countries is supporting the medical tourism industry. Presently, although medical tourism in the region is at its nascent stage, it holds enormous potential for future growth and development.
As per our new research report “Asian Medical Tourism Analysis (2008-2012)”, the Asian medical tourism industry revenue is projected to grow at a CAGR of over 20% during 2010-2013. Asian countries, such as India, Malaysia, Singapore, and Thailand have been pouring investments into their healthcare infrastructure to meet the demand for supreme quality-assured medical care through first-class facilities and highly trained medical specialists, including tertiary hospital care.
The Asian medical tourism industry has been growing at a double-digit growth rate for the past few years. Thailand, India, and Singapore dominated the region’s medical tourism industry, with a combined market share of over 89% in 2010. However, our research foresees India to emerge as one of the fastest growing medical tourism industries, accounting for around 38% of the region’s medical tourism industry by 2013. In this regard, we have done an in-depth analysis of key factors driving growth in the country’s medical tourism industry.
Our report “Asian Medical Tourism Analysis (2008-2012)” provides comprehensive research and unbiased analysis of the current market performance and future outlook of the key Asian medical tourism markets – Thailand, Singapore, India, Malaysia, the Philippines, and South Korea. It acknowledges the fact that, the six Asian markets covered in the report have vast differences in terms of cost, infrastructure, human resources, patient perceptions, competencies, and level of government support. Each of the fact has been thoroughly studied in the report. The report provides valuable information to clients looking to venture into these markets and helps them in devising strategies.