Despite the global economic downturn, medical tourism has emerged as the fastest growing segment of the Asian tourism industry. 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.
Moreover, economic slowdown in the West has eroded spending pattern habits in developed countries and therefore, people now are looking towards Asia. At present, medical tourism in this region is in its infancy, but has enormous potential for future growth and development.
As per our new research report “Asian Medical Tourism Analysis (2008-2012)”, the Asian medical tourism industry revenue is projected to grow at a CAGR of around 17% during 2010-2012.
Asian countries such as India, Malaysia, Singapore, and Thailand have been pouring investments into 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.
The Asian medical tourism industry is currently growing at double-digit growth rate. Thailand, India, and Singapore have dominated the region’s medical tourism industry, with a combined market share of around 90% in 2009.
However, our research foresees India to emerge as one of the fastest growing medical tourism industries, accounting for around 26% of the region’s industry by 2012. In this regard, we have done an in-depth analysis of key factors driving growth in the country’s medical tourism industry.
“Asian Medical Tourism Analysis (2008-2012)” provides comprehensive research and unbiased analysis of current market performance and future outlook of 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 to devise strategies.
Market Press Release