NewswireToday - /newswire/ -
Noida, Uttar Pradesh, India, 2011/07/07 - Asian Medical tourism market is projected to grow at a CAGR of over 20% during 2010-2013, says RNCOS in its latest research report - RNCOS.com.
According to our new research report “Asian Medical Tourism Analysis (2008-2012)”, Asia represents the world’s most potential medical tourism market. The region accounts for a significant share in the global medical tourism market and generated an estimated US$ 4.6 Billion revenue in 2010. The Asian medical tourism industry is anticipated to remain strong in future too, registering a CAGR growth of over 20% during 2010-2013. Moreover, growth in wellness tourism in Asian countries is supporting the medical tourism industry.
As per our findings, the cost of medical treatments in developed countries, particularly in the US and the UK, has been significantly high, which has prompted the patients from these regions to visit cost effective destinations. Treatment cost in the Asian countries is quite low against the developed countries and in some cases, the treatment cost is as less as 80% of the cost abroad. Therefore, a large number of patients in these developed countries who are not covered under the health insurance coverage save a significant proportion of their total expenditure by getting their treatments done in the low-cost developing countries, such as India, Thailand, etc.
Besides, improvement in the healthcare infrastructure has been supporting the growth in Asia medical tourism market. Countries, particularly India, the Philippines, Singapore, Malaysia and Thailand, are successfully fulfilling 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. Besides, the report covers information about key players boosting the growth in the Asian countries.
Our report “Asian Medical Tourism Analysis (2008-2012)” provides comprehensive research and unbiased analysis of the current market performance and future outlook of the key Asian medical tourism markets – Thailand, Singapore, India, Malaysia, the Philippines, and South Korea. It acknowledges the fact that, the six Asian markets covered in the report have vast differences in terms of cost, infrastructure, human resources, patient perceptions, competencies, and level of government support. Each of the fact has been thoroughly studied in the report. The report provides valuable information to clients looking to venture into these markets and helps them in devising strategies.
RNCOS (rncos.com) specializes in Industry intelligence and creative solutions for contemporary business segments. Our professionals study and analyze the industry and its various components, with comprehensive study of the changing market behavior. Our accuracy and data precision proves beneficial in terms of pricing and time management that assist the consultants in meeting their objectives in a cost-effective and timely manner.