Asia medical tourism industry has been growing with a double digit CAGR and expected to reach US$ 8.5 Billion by 2013. Thailand and India vie with each other for the medical tourism crown. Thailand' s prices are a bit higher on average than India' s, with the main advantages being a better overall tourist experience and more bundling of services. In 2008 Thailand has treated the highest number of international patients compared to any other Asian countries. But its market share of Asia medical tourist arrivals and medical tourism market is declining year on year is a matter of concern.
India advantages are that it is the cheapest of any of the world medical tourism destinations, while being the equal of the other major destinations in terms of quality of staff, equipment and healthcare procedures. With many brand new state of the art hospitals and western trained doctors it is easy to see why it is a leader in medical tourism. In 2008 India market shares in Asia medical tourist arrivals was 18.7 percent and it is expected to rise further to nearly 25 percent by 2013.
However, these two major players are getting tough competitions from other Asian countries like Philippines, Singapore, Malaysia and South Korea. All these have government-backed medical tourism programs and are trying to catch up fast. Singapore is planning to be developed into a leading health care destination in Asia with its medical tourism market steady growth of 11.9 percent over the past few years (2004 to 2008).
In comparison to this South Korea is planning to develop an island into a healthcare hub with all the latest healthcare facilities by 2011. The island will be a two-hour flight from five major Asian cities Seoul, Beijing, Shanghai, Hong Kong and Tokyo. Malaysia is concentrating on neighboring countries like Indonesia Singapore for its growth going forward. The international patient arrivals to Malaysia are expected to grow with a CAGR of 29.27 percent for the period of 2009 to 2013.
' Asia Medical Tourism Analysis (2008 ' 2013)' provides detailed analysis about the past, present and future outlook of medical tourism in Asia. Six Asian countries (India, Malaysia, Philippines, Thailand, Singapore, and South Korea) markets have been covered in this report. Each country markets has been analyzed from the point of medical tourist arrivals, medical tourism market, cost of medical treatment, patient perceptions, driving forces of that market, and roadblocks (challenges) to the market. This report provides valuable information to clients looking to venture into these markets and helps them to advise strategies while going for an investment in these markets. This report will help Investment Bankers, Research Analyst, Management Consultants, Researchers, Wealth Managers etc. to have access to the latest trends and recent developments in medical tourism industry.
This section provides the overview and key financials of prominent players in the Asian medical tourism markets, such as Apollo, Bumrungrad, Raffles and Parkway Health.
Information and data in this report has been collected from various printable and non-printable sources like Magazines, Newspapers, Trade Journals, White papers, Online paid databases, News websites Government Agencies and Trade associations.
medical treatments, tourism industry, tourism destination, medical tourism, health tourism, healthcare services, spa tourism, dental tourism, dental treatment, cardiac/heart surgery, orthopedic surgery, neurological & spinal surgery, medical tourist arrivals, international patients, medical tourism market India medical tourism, Malaysia medical tourism, Thailand medical tourism, Philippines medical tourism, Singapore medical tourism, South Korea medical tourism, Apollo Hospitals Enterprise Ltd, Bumrungrad Hospital Public Co. Ltd, Raffles Medical Group, Parkway Holdings Limited