Global 2014 Medical Tourism Market Information Management Report

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Medical treatment 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 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.

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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.

Table of Content

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
2.2.4 India
• Market Value
• Foreign Patients Inflow
• Foreign Patients by Nationality
• Breakdown by Procedures
2.2.5 Korea
• Market Value
• Foreign Patients Inflow
• Foreign Patients by Nationality
• Breakdown by Procedures
2.2.6 Turkey
• Market Value
• Foreign Patients Inflow

3. Market Dynamics

3.1 Key Trends
3.1.1 International Certification
3.1.2 Government Initiatives
3.1.3 Merger, Collaboration & Expansion
3.1.4 Patient Arrival Trend
3.1.5 Forecast for Leading Destinations
3.1.6 Services Offered by Providers
3.1.7 Sri Lanka: Emerging Market for Medical Tourism
3.2 Growth Drivers
3.2.1 Global Aging Population
3.2.2 Improving Global GDP
3.2.3 Lower Costs in Developing Countries
3.2.4 Long Waiting Periods in Home Country
3.2.5 Zealous International Tourism/Travel Industry
3.2.6 Better Technology and Wider Treatment Options
3.3 Challenges
3.3.1 Quality Issues
3.3.2 Communication Barriers
3.3.3 Safety and Health Risks
3.3.4 High Market Sensitivity to Economic and Other Market Factors

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