Abstract
Medical tourism has emerged as the fastest growing segment of the Asian
tourism industry despite the global economic downturn. High cost of treatments
in developed countries, particularly in the USA and the UK, have been
continually attracting patients from such regions towards alternative
cost-effective destinations. At present, medical tourism in the region is in
its infancy, but has an enormous potential for future growth and development.
As per our new report, "Asian Medical Tourism Analysis (2008-2012)", the
revenue from the Asian medical tourism industry is forecasted to grow at a
CAGR of around 14% during 2009-2012. Various Asian countries such as India,
Malaysia, Singapore and Thailand have been investing huge amounts in their
healthcare infrastructure to meet the demand for quality-assured medical care
through first-class facilities and highly trained medical specialists,
including tertiary hospital care. For the purpose of this report, Asia
includes Singapore, Thailand, Malaysia, Philippines, India and South Korea.
As per our research, the medical tourism industry in the region is growing at
double-digit growth rate, outstripping the 4% to 6% growth in general travel
bookings. Thailand, India and Singapore dominate the region' s medical tourism
industry, with a combined market share of around 90% in 2008. However, our
research foresees India to emerge as one of the fastest growing medical
tourism industry, accounting for around 25% of the region' s industry by 2012.
In this regard, we have done in-depth analysis of the key factors driving the
growth of medical tourism in the country.
"Asian Medical Tourism Analysis (2008-2012)" provides thorough analysis of the
current market performance and the future outlook for each of the key markets
discussed in the report. 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. In all,
this report provides valuable information to clients looking to venture into
these markets and helps them to devise strategies while going for an
investment/partnership in these markets.
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