Cost-Effective Treatments in Emerging Countries Encourage Medical Tourism

By -

The global market for medical tourism is expanding at an exponential rate. Medical tourism refers to traveling from one place to another for the purpose of getting treatment for a disease or for a medical procedure, as well as for recuperation and well-being.

According to a research report, published by Transparency Market Research (TMR), the global market for medical tourism was US$10.5 bn in 2012. Analysts project this market to rise at a CAGR of 17.90% between 2013 and 2019 and reach an estimated value US$32.5 bn by the end of 2019.
Browse Full Global Medical Tourism Market Report with http://www.mrrse.com/medical-tourism
The biggest beneficiaries of the growing trend of medical tourism are emerging Asian economies with a good supply of medical facilities as well as the availability of skilled professionals at a cheaper rate than developed countries. The presence of attractive visiting sites in abundance adds to the prominence of the medical tourism market in Asia.

Availability of Quality Medical Services Drive Thailand Medical Tourism Market
Malaysia, Singapore, India, Thailand, South Korea, Philippines, Taiwan, and Japan are the most preferred locations globally among tourists traveling due to medical purposes. Thailand, of all, has been leading the worldwide medical tourism market. Along with Singapore and India, the country accounts for almost 90% of the overall medical tourism market in Asia.

More than 2 million individuals travel to Thailand every year for medical treatment. The quality medical and healthcare services, the nation offers, is the key driving factor behind its increasing popularity as a reliable medical tourism destination.

India has also gained a strong foothold in the field of medical tourism. On an average, the country attracts 150 thousand foreign patients every year. Analysts expect the medical tourism market in India to witness steady growth on account of a large pool of patients traveling to the country for complex cardiac procedures.

Malaysia to Welcome 2 million Tourists in 2019
Malaysia is exhibiting exceptional growth in the global medical tourism market. According to Malaysia Healthcare Travel Council (MHTC), in 2014, the country reportedly received a total of 882 thousand foreign patients, while in 2013, 2012, and 2011, the number were 881 thousand, 728 thousand, and 641 thousand respectively.

The statistics clearly shows an upward trend in the Malaysia medical tourism market. Experts believe this country is likely to maintain this trend in the nearing future. Almost 2 million foreigners are expected to get treated in Malaysia in 2019.

On the other hand, Singapore is likely to lose medical tourists to its neighbors. The country is finding it hard to maintain its position as a popular medical tourism hub. The challenges are likely to only intensify in future, owing to the infrastructural enhancement of the healthcare sector in its neighboring nations.

Browse the full Press Release of Global Medical Tourism Market: http://www.mrrse.com/medical-tourism-report

Min-Sheng General Hospital, Fortis Healthcare Ltd., KPJ Healthcare Berhad, Samitivej Sukhumvit, Raffles Medical Group, Bangkok Hospital Medical Center, Apollo Hospitals Enterprise Ltd., Bumrungrad International Hospital, Asian Heart Institute, and Prince Court Medical Center are the key organizations operating in the global market for medical tourism.

Request a Free Sample Copy of the Report @ http://www.mrrse.com/sample/990
 

Comments

Post a Comment

Popular posts from this blog

New reports Acetone Market Global Industry Analysis and Opportunity Assessment, 2014 – 2020

By -
Image
Research Reports Search Engine (MRRSE) announces the addition of a new report titled ‘ Acetone Market: Global Industry Analysis and Opportunity Assessment, 2014–2020’ to its database. The report finds that global acetone consumption stood at 5.9 million tonnes in 2014, and is poised to grow at a meager 3% CAGR from 2014 to 2020 to reach a little over 7.21 million tonnes by 2020. The report has been published by Future Market Insights (FMI). Global Acetone Market Analysis Forecast: The key drivers identified by the study are: The chemical sector’s dependence on acetone as a solvent, the use of acetone as a chemical in several processes, and the escalating use of BPA in the global automobile sector. On the other hand, the report warns that hurdles such as increasingly stringent government mandates for the chemical industry and the growing acceptance of bio-based acetone will restrict growth to some degree. In order to offer highly detailed insights into various face
Read more

Global Industrial Logistics Robots Market Shares, Status, Opportunities, Market Forecasts, 2014 to 2020

By -
The main benefits of incorporating industrial logistics robots are doing tasks that people cannot or will not perform, minimizing cost of labor, reducing the frequency as well as severity of injuries to workers, enabling processes that are speedier, more efficient, and organized, minimizing product damage, avoiding duplication, and mitigating loss arising from theft. To Get Browse Full Report with TOC: http://www.mrrse.com/reports/industrial-logistics-robots-market Developing industrial logistics robots is a rather tedious process that requires high capital and this often results in the postponement of investment. Achieving this feat is the biggest challenge at the moment. Logistics robots need to be customized according to the needs of a specific industry and this renders the process even more expensive. Another challenge that arises from the technological shift is the task of training new and existing staff to be able to handle and use these new systems. Logistic rob
Read more

Global Insulation (Fiberglass, Plastic Foam, Mineral Wool and Others) Market Residential Construction, Industrial Trends and Forecast 2014 – 2020

By -
The global insulation market will expand at an 8.0% CAGR during the forecast period. The global insulation market was valued at US$37.87 billion in 2013 and is estimated to reach a total value of US$64.91 billion in 2020. To Get Browse Full Report with TOC: http://www.mrrse.com/reports/insulation-market Product-wise, the global market for insulation is broadly segmented into fiberglass, plastic foam, mineral wool, and others. Fiberglass held the lion’s share of the demand in the worldwide insulation market with 42% in 2013. Alternatively, other insulation materials such as plastic foam experienced a decline in demand in the past few years due the fluctuating prices of raw materials, particularly crude oil. Geographically, distinctive trends can be seen in the developed and developing regions.   To Get Download Full Report with TOC: http://www.mrrse.com/enquiry/insulation-market According to the latest predictions, the global population will exceed 7.5 billio
Read more