Asia Medical Tourism Evaluation

 

Asia Healthcare Tourism Evaluation

Asia medical tourism industry has been expanding with a double digit CAGR and expected to reach US$ 8.5 Billion by 2013. Thailand and India vie with every other for the healthcare tourism crown. Thailand’s rates are a bit higher on average than India’s, with the major benefits being a greater all round tourist experience and far more bundling of services. In 2008 ( http://www.bharatbook.com/detail.asp?id=111924&amprt=Asia-Healthcare-Tourism-Analysis-2008-2013.html ) Thailand has treated the highest quantity of international individuals compared to any other Asian countries. But its market share of Asia medical tourist arrivals and medical tourism market place is declining year on year is a matter of concern.

India benefits are that it is the most affordable of any of the globe healthcare tourism destinations, even though becoming the equal of the other main destinations in terms of high quality of staff, equipment and healthcare procedures. With a lot of brand new state of the art hospitals and western trained medical doctors it is effortless to see why it is a leader in medical tourism. In 2008 India industry shares in Asia healthcare tourist arrivals was 18.7 percent and it is expected to rise additional to nearly 25 percent by 2013.

Nevertheless, these two major players are receiving challenging competitions from other Asian countries like Philippines, Singapore, Malaysia and South Korea. All these have government-backed medical tourism programs and are attempting to catch up fast.

Singapore is organizing to be developed into a major wellness care destination in Asia with its medical tourism marketplace steady growth of 11.9 percent more than the previous couple of years (2004 to 2008).

In comparison to this South Korea is preparing to create an island into a healthcare hub with all the most recent healthcare facilities by 2011. The island will be a two-hour flight from 5 main Asian cities Seoul, Beijing, Shanghai, Hong Kong and Tokyo. Malaysia is concentrating on neighboring nations like Indonesia Singapore for its growth going forward. The international patient arrivals to Malaysia are expected to develop with a CAGR of 29.27 percent for the period of 2009 to 2013.

“Asia Medical Tourism Evaluation (2008 – 2013)” supplies detailed analysis about the previous, present and future outlook of healthcare tourism in Asia. Six Asian countries (India, Malaysia, Philippines, Thailand, Singapore, and South Korea) markets have been covered in this report. Every single country markets has been analyzed from the point of healthcare tourist arrivals, healthcare tourism industry, cost of medical therapy, patient perceptions, driving forces of that market, and roadblocks (challenges) to the market. This report provides useful details to customers looking to venture into these markets and assists them to advise strategies while going for an investment in these markets. This report will assist Investment Bankers, Investigation Analyst, Management Consultants, Researchers, Wealth Managers and so on. to have access to the most recent trends and recent developments in medical tourism business.

Investigation Highlights

• India provides the cheapest medical therapy in comparison to other Asian healthcare destination.
• India is forecasted to treat the second highest number of healthcare tourist in 2013 right after Thailand.
• Introduction of cosmetic surgery tax in 2009 by Indian government puts India on the disadvantages position compared to other Asian nations.
• In 2007 more than 70 percent of healthcare tourists going to Malaysia were of Indonesian origin.
• Medical tourist arrival in Singapore was 15 percent significantly less in 2007 compared to 2006.
• Thailand is forecasted to have the highest quantity of healthcare tourist amongst other Asian countries by 2013.
• By 2011, South Korea is preparing to develop an island for healthcare tourism with an investment of US$ 315 Million having all sorts of healthcare facilities. The island is only a two-hour flight from 5 main cities Seoul, Beijing, Shanghai, Hong Kong and Tokyo.
• South Korea has opened a single-cease service center for medical travelers like establishing of information booths and medical details web site in five languages.
• South Korea government has allowed foreign investors (person and institutional) to operate hospitals in the country’s free of charge economic zones (FEZs).

For a lot more information kindly pay a visit to :
http://www.bharatbook.com/detail.asp?id=111924&amprt=Asia-Healthcare-Tourism-Evaluation-2008-2013.html

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Asia Medical Tourism Evaluation