Tag: Asia
Medical Tourism On The Rise
by bethany on Oct.27, 2008, under observations
Westerners and Arabs are flocking to Asia for affordable medical care. While medical tourism in the past was mainly relegated to cosmetic and dental procedures, a gowing number of patients are travelling abroad for procedures including coronary bypass surgery, transplants, and other complex procedures.
From the site My Sinchew:
With the cost of medical treatment skyrocketing in their home countries, more and more patients are travelling overseas for health care each year, a phenomenon now known as ‘medical tourism’.
And the most favoured destination is Asia where hospitals offer world-class medical services at just a fraction of the cost in the US or Europe with a vacation at an exotic resort as an inviting option.
A recent report, Asian Medical Tourism Analysis (2008-2012), said the region generated revenues worth US$3.4 billion from medical tourism in 2007, accounting for nearly 12.7% of the global market.
The Asian medical tourism market is expected to grow at an annual average of 17.6% between 2007 and 2012, the report said.
The report identified the five biggest Asian medical tourism markets as Thailand, Singapore, India, Malaysia and the Philippines.
