NewswireToday - /newswire/ -
London, United Kingdom, 2008/10/18 - Report Buyer, the online destination for business intelligence for major industry sectors, has added a new report offering an insight into the Asian nascent medical tourism industry.
The report “Asian Medical Tourism Analysis (2008-2012)”, says Asia represents the world’s most potential medical tourism market. The region accounted for nearly 12.7% of the global market and generated US$3.4 billion revenues in 2007. The market is anticipated to remain strong in future, registering a compound annual growth rate (CAGR) growth of 17.6% during 2007-2012.
According to the report, the medical tourism market's success is the result of improved healthcare infrastructure in the region. Countries, particularly India, the Philippines, Singapore, Malaysia and Thailand, are successfully meeting the demand for quality healthcare through world-class medical infrastructure and trained medical professionals, including tertiary hospital care. Most of the medical professionals in these countries are trained in world-class institutions abroad. Hence, hospitals provide foreign patients highly qualified, board-certified physicians, medical technicians, and top-tier nursing staff, together with highly personalised care. As a result, the success rate of complicated surgeries and patient satisfaction is very high.
In addition to this, the report says that low cost is another important factor pushing up the medical tourism in the Asian countries. Prices range from one half to one-fifth of the prices in the US and other developed countries. Moreover, in some cases, the treatment cost is as less as 80% of the cost abroad.
The report comprehensively studies the Asian medical tourism market and provides past, current and future overview on the five major Asian medical tourism markets – India, Thailand, Singapore, Malaysia and Philippines. It identifies vast differences between the various Asian tourism markets in terms of cost, infrastructure, patient perception, human resources, and level of government support.
The research study gives statistical data on the market size, tourist arrivals, infrastructure and accreditations on all the five countries, complemented with analytical profiles on these markets. It thoroughly studies the market and provides forecast on its various segments, including medical tourism market and medical tourist arrivals by country.
“Asian Medical Tourism Analysis (2008-2012)” is available from Report Buyer. For more information, see website.
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