According to our new research report, “Asian Medical Tourism Analysis (2008-2012)”, medical tourism is emerging as one of the fastest growing markets in Asia, with the rising number of foreign tourists coming for their treatments into the region. The main reasons for the growth of the industry include the low cost of treatments and the world-class services. The cost of medical treatments in developed countries, particularly in the US and the UK, has been significantly high, which has prompted patients from these regions to visit cost-effective destinations. The medical tourism market is anticipated to grow at a CAGR of over 20% during 2010-2013.
As per our findings, there are various countries that are the most sought after destinations for the medical tourists' arriving to Asia including - Malaysia, India, Thailand, Singapore, Philippines, and South Korea. Thailand, Singapore and India are the leading destinations for medical tourism that together accounted for around 90% of the total Asian medical tourism market in 2010. These countries offer various complex treatments at affordable costs. The cost of some highly sophisticated treatments, such as hip replacement and heart valve replacement is much lower in India and Thailand than in the United States.
Apart form this, we have identified that medical tourism facilitators play an important role in the development of new medical tourism markets in Asia. Thus, we have included a brief business profile of these facilitators. The report also enlists some major medical tourism facilitators which can help our clients in fetching business from these countries.
Our report, “Asian Medical Tourism Analysis (2008-2012)”, provides comprehensive research and an 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.
RNCOS specializes in Industry intelligence and creative solutions for contemporary business segments. Our professionals study and analyze the industry and its various components, with a comprehensive study of the changing market behavior. Our accuracy and data precision proves beneficial in terms of pricing and time management that assist the consultants in meeting their objectives in a cost-effective and timely manner.
Article By: Shushmul Maheshwari