Asian Countries amongst Favorites for Medical Tourism

Medical tourism industry has witnessed a boom during the last few years globally. The industry picked up pace around 3 years ago, when people, mostly from the western countries, realized that medical costs were significantly lesser in various other countries with same level of quality of services. This coupled with strained medical infrastructure and waiting queues for crucial procedures turned occasional medical travels into a full blown industry and the most rapidly gaining region in terms of developments came out to be Asia. Although the industry is still at its infancy stage, industry revenue is projected to grow at a CAGR of around 17% during 2010-2012.

According to our research report “Asian Medical Tourism Analysis (2008-2012)”, Asian countries, such as India, Malaysia, Singapore, and Thailand are the central hub for activities in this sector; continuously attracting investments into infrastructure to meet the demand for quality-assured medical. The report has also elaborated current market scenario and key developments in these countries. Moreover, emerging market of spa and wellness sector in each Asian country has been covered, depicting new avenues for growth in the industry.

The report has covered analysis of various medical procedures, tourism destinations, accreditations that elaborates cost of various medical procedures in Asian countries, with respect to other countries in the world. The section provides an analysis of treatments, which have cost differentials between developed and emerging markets.

“Asian Medical Tourism Analysis (2008-2012)”, is an outcome of thorough research and objective evaluation of the medical tourism industry in Asian countries - India, Malaysia, Thailand, Singapore, 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 the level of government support. Additionally, the report has presented industry forecast based on the correlation of past drivers, challenges, and opportunities for expansion. In this way, the report presents an unbiased market picture that will prove decisive for clients.

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