Medical tourism is a booming industry propelled by rising healthcare costs in developed countries. It is an attractive alternative for those whose projected medical health care costs would lead them to bankruptcy. More medical tourists are choosing to receive health care in exotic lands for a fraction of what they would have paid had they chosen to receive medical and health care in their own countries.
Research and Markets just released news that the Medical Tourism Market Report, 2009 Edition has been added to their pool of market research resources.
This report published in July 2009 focuses on the medical tourism industry in Asia. It highlights Singapore, Thailand, Malaysia, India, Philippines, Taiwan and South Korea as major medical tourists destinations of choice by millions of medical tourists. Medical tourism is a way for people seeking alternatives to have their high priced medical procedures be performed by US and UK certified practitioners in state of the art hospitals in exotic locations with hospitable people.
According to the report, Thailand is more popular among Western European medical tourists for cosmetic surgery and its medical costs, priced at 5 times less than in the US, are lower than in Singapore which is currently ranking highest in technology. Singapore and India specialize in complex procedures with India having a cost advantage of 1/10th of the medical costs in the US and offers the highest quality of all medical tourism destinations. Philippines is also a contender as destination of choice. Malaysia has targeted Vietnam and Cambodia as new markets. Taiwan has earmarked China as a key market. Korea is just now entering the competition.
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