Signs of continuous growth are being shown by the Malaysian medical tourism industry for the last couple of years. And, this was apparent with a 10% growth in the number of foreigners seeking medical treatment in the country during 2004-2005. Teng Chang Yeow – Chairman of State Tourism Development & Environment Committee, made this information public.
Although foreign patients have been flocking towards Malaysia since 1997, but official recording of the figures was started only two years ago. About 110,000 foreigners were reported to have been seeking treatment in the country during the year 2006 alone, whereas the number was 100,000 in previous year (2005). This puts Malaysia ahead of Kota Kinabalu and Kuala Lumpur as most preferred destinations for medical tourism across the globe, added Yeow.
According to the industry experts at RNCOS, growing reputation of Malaysia as a preferred health & medical destination has resulted in increased tourist arrivals to the country. The well-trained & highly qualified medical specialists in Malaysia make sure that the patients receive high quality services and return home in perfect health. One of the main reasons for growing tourism in Malaysia is the cost of treatment, which is 14 times cheaper as compared to the U.S.
RNCOS has recently published its much talked about report on “Opportunities in Asian Medical Tourism (2007-2010)”. The report addresses some interesting issues for today’s Global business environment.
- Get an insight into the trends in market performance
- Pinpoint sectors of growth and identify the driving factors
- Identify market, brand leaders, and understand the competitive environment
- What are the opportunities that exist for Asian Medical Tourism Industry?
- Key challenges in this sector
RNCOS’ report “Opportunities in Asian Medical Tourism (2007-2010)” provides extensive research and objective analysis on the Medical Tourism industry in Asia. This report has been written to help clients in analyzing the opportunities critical to the growth of Medical tourism market in Asian region.
RNCOS, incorporated in the year 2002, is an industry research firm. It has a team of industry experts who analyze data collected from credible sources. They provide industry insights and analysis that helps corporations to take timely and accurate business decision in today's globally competitive environment.