Medical tourism has developed into a new source of revenue generation for hospitals in Asia. Growth in the Asian medical tourism market can be attributed to change in the demographics of developed nations, quality healthcare services at low cost in Asian countries and many more. As per our new research report “Asian Medical Tourism Analysis (2008-2012)”, the Asian medical tourism market is forecasted to grow at a CAGR of around 16% during 2010-2012.
We have found that India is emerging as one of the key players in medical tourism at both Asian and international level. Developing healthcare infrastructure, growing private hospitals such as Wockhardt, Apollo, Escort, expert healthcare professionals, low-cost treatments, less waiting time, and Ayurvedic treatment are some of the reasons that attract overseas patients to India. Moreover, it is expected that India will increase its share in Asia to around 25% by 2012.
“Thailand is presently dominating the medical tourism market in Asia followed by Singapore, but India’s expected increase in medical tourism share will give it an edge over other countries to increase tourist arrivals,” said a Research Analyst at RNCOS. Besides, our report provides complete information and analysis of the medical tourism market in different countries like Thailand, Singapore, Malaysia and India. Our research has identified cost as the most important factor for the development medical tourism industry and provides information about cost of different surgical procedures at country level.