Healthcare tourism is a term coined around the practice of travelling across international borders in order to acquire cheap healthcare and healthcare facilities. Substantial expense differences take place in between Australia, U.S., and handful of European countries to healthcare facilities accessible at healthcare tourism destinations. This is due to skyrocketing charges for treatment in these nations and robust healthcare development in private sectors which comprises of hospitals and clinics equipped with the most current technology and best practitioners. As a outcome a lot more and more men and women are seeking forward to acquire low cost healthcare facilities at destinations that interest them also.
On the other hand, several nations are promoting healthcare tourism as it brings them potent foreign currency in order to derive good influences on their economy. Nations like Thailand, India, Malaysia, Costa Rica and handful of North American countries are becoming hot shot medical tourism destinations.
Healthcare tourism statics too indicate that by 2012, the medical tourism is expected to develop into a $ 100 billion dollar industry worldwide.* The report also suggests that almost 40 per cent of healthcare travelers seek advanced technologies, although 32 per cent look for much better healthcare facilities, 15 per cent seek rapid medical facilities, while only 7 per cent of travelers ask for cost productive medical facilities as their primary requirement although searching for medical facilities abroad.
Taking an example of Thailand, Thailand medical tourism market has expanded drastically more than the recent years. The Tourism Authority of Thailand states that Thailand attracts almost 14 million guests each and every year, with majority like leisure and organization guests. Owing to essential differences in the costs and prepared accessibility of healthcare services in the West and the Middle East, Thailand has witnessed a rapid enhance in foreigners demand for healthcare treatments in Thailand. Bangkok’s extremely prestigious Bumrungrad International Hospital registered maximum medical tourists from countries about the globe. Other places with high concentration of foreign healthcare tourists in Thailand consist of Pattaya, Hun Hin, Samui and Phuket.
Cosmetic surgery and breast implants are some of the most popular healthcare procedures in medical tourism market in today’s age which was not the case few years down the line. It was reported that nearly 15 per cent of medical tourists sought breast implants and breast augmentation in Thailand.
Thailand government is also taking considerable measures in promoting the trade for earnings. In order to attract foreign individuals, major hospitals are raising their medical requirements, hiring internationally qualified doctors and investing in state-of-the-art medical equipments. They are also operating to transform their facilities into a lot more friendly and eye-catching areas.
*Statics as developed by Confederation of India and the McKinsey Organization.
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