Research Report on Medical Tourism Market 2014 Edition by Researchmoz.us
Albany, NY (PRWEB) July 04, 2014 -- Medical treatment in 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 in 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.
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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.
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.
Table of Contents:
1. Market Overview
1.1 Medical Tourism Industry Structure
2. Medical Tourism - Market Size
2.1 Global Medical Tourism Market
2.2 Asian Medical Tourism Market
Market Value
Foreign Patients Inflow
2.2.1 Thailand
Market Value
Foreign Patients Inflow
Breakdown by Procedures
2.2.2 Singapore
Market Value
Foreign Patients Inflow
Foreign Patients by Nationality
2.2.3 Malaysia
Market Value
Foreign Patients Inflow
Foreign Patients by Nationality
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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.
Related Reports:
Medical Tourism Market (India, Thailand, Singapore, Malaysia, Mexico, Brazil, Taiwan, Turkey, South Korea, Costa Rica, Poland, Dubai and Philippines) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019
Rise in healthcare costs in developed countries coupled with the availability of high quality medical services at lower prices in developing nations has primarily surged the expansion of the medical tourism industry. Moreover, rise in elderly population along with growing number of uninsured population has further triggered the market growth. Patients are travelling abroad not only for cosmetic surgeries with a quick recovery, but also for sophisticated cardiovascular surgeries. Many countries plan to leverage medical tourism as a strategy to boost their healthcare services and tourism industry. By encouraging its presence in the medical tourism market, a country can stimulate its economic growth and create employment opportunities. Consequently, the medical tourism industry is rapidly expanding and is anticipated to have a significant growth in the near future. Browse Full Rport with TOC at: http://www.researchmoz.us/medical-tourism-market-global-industry-size-market-share-trends-analysis-and-forecasts-2012-2018-report.html.
Malaysia Medical Tourism Analysis & Forecast
Malaysia has emerged as a strong competitor in the global health and medical tourism sector. Given the potential of medical tourism as a foreign exchange earner, the Malaysian government has taken a series of proactive measures to enhance Malaysia as a preferred health tourism destination. Malaysia offers a wide choice of state–of–the–art private medical centers boasting an impressive array of sophisticated diagnosis, therapeutic and in–patient facilities. These establishments are well–equipped and staffed to ensure the highest level of professionalism, safety and care to patients. Malaysia is a popular destination for medical tourists because of its low cost, efficient staff and medical facilities that are on par with western standards. Some hospitals even offer luxurious accommodations with personal butlers and full–time nurses. Popular medical procedures include eye surgeries, orthopedics, cosmetic, urology, neurology, rheumatology, endocrinology, obstetrics & gynecology, oncology, and cardiology. Browse Full Rport with TOC at: http://www.researchmoz.us/malaysia-medical-tourism-analysis-and-forecast-report.html.
Singapore Medical Tourism Analysis and Forecast
Singapore is one of the top medical tourist destinations in the world. With modern medical technology and highly trained doctors Singapore private hospitals offer exceptional health care services. Patients from all over the world visit to Singapore for treatment because Singapore has a team of high standard medical expertise along with many well known tourist attractions to explore. Singapore Tourism Board (STB) works closely with the private healthcare providers to strengthen and expand their reach and referral networks in key target markets. In addition, STB facilitates industry development capabilities to create and deliver value-added experiences so as to enhance service delivery for greater patient satisfaction. At the same time, STB continues to partner the private industry to strengthen Singapore's positioning as a quality advanced medical care destination. Singapore Tourism Board works with healthcare and travel agents to provide hassle-free and comprehensive Singapore medical tourism packages for medical travelers and their family members. Browse Full Report with TOC at: http://www.researchmoz.us/singapore-medical-tourism-analysis-and-forecast-report.html.
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