Future prospects of
the medical tourism industry
the medical tourism industry
An increasing number of people are choosing to take advantage of 'health tourism' - the process of travelling internationally in order to access medical services elsewhere.
Medical tourism also involves healthcare providers traveling abroad to deliver healthcare to patients.
Medical tourism also involves healthcare providers traveling abroad to deliver healthcare to patients.
Originally, people used to travel abroad from less developed countries to get advanced medical treatment, as they had no opportunity to receive the same level of health care in their home country. Another reason for this move, may have been that certain medical services, such as fertility procedures, are illegal in less developed countries.
On a different note, there is a trend where people prefer to get medical treatment in a developing country instead, to cut costs.
Patients Beyond Borders (PBB) provides an approximate estimate of the health tourism industry's worth as USD 45.5-72 billion with 14 million travellers spending close to USD 3,600-7,600 per medical visit.
On a different note, there is a trend where people prefer to get medical treatment in a developing country instead, to cut costs.
Patients Beyond Borders (PBB) provides an approximate estimate of the health tourism industry's worth as USD 45.5-72 billion with 14 million travellers spending close to USD 3,600-7,600 per medical visit.
Medical Tourism industry has a promising future.
Currently, growth rate of medical tourism is predicted to go up to 25% annually for the next 10 years.
Global Healthcare Resources (GHR) research (for 2016-2017) shows that 27.7% of the medical tourism patients live in the U.S.A. Almost 16% are from the United Arab Emirates. The percentage of medical tourists that come from United Kingdom currently holds the position as the third from the top globally.
Medical Tourism Index™ (MTI), listed the top 41 destinations for those seeking value-added services and high quality of healthcare across the globe.
Global Healthcare Resources (GHR) research (for 2016-2017) shows that 27.7% of the medical tourism patients live in the U.S.A. Almost 16% are from the United Arab Emirates. The percentage of medical tourists that come from United Kingdom currently holds the position as the third from the top globally.
Medical Tourism Index™ (MTI), listed the top 41 destinations for those seeking value-added services and high quality of healthcare across the globe.
Main procedures
GHR also estimates, that nearly 72% of patients travel abroad for Orthopaedic, Neurological, and/or Oncological treatments.
Germany, United Kingdom and Israel might be considered to be the most popular destinations for those who are looking to get Orthopaedic or Oncological treatments. Despite growing medical research and development, cancer is still very difficult to treat. Most people who struggle with this condition make their choice to try innovative treatment options and high quality of medical services abroad. Medical accreditations of the clinic are very important criteria for this as well.
Germany, United Kingdom and Israel might be considered to be the most popular destinations for those who are looking to get Orthopaedic or Oncological treatments. Despite growing medical research and development, cancer is still very difficult to treat. Most people who struggle with this condition make their choice to try innovative treatment options and high quality of medical services abroad. Medical accreditations of the clinic are very important criteria for this as well.
For example, all German clinics are certified by ESMO (European Society for Medical Oncology) and JCI (Joint Commission International). Healthcare in Germany for tourists suggests the same medical services as for their own citizens. Israel would be a perfect option for those who are seeking to get the right balance between the cost and quality of treatment.
Most Israeli clinics are certified by JCI, which is famous for ongoing advanced research and on-going clinical trials, highly trained specialists and surgeons.
Notably, the prices are much lower than that of most
developed countries.
Most Israeli clinics are certified by JCI, which is famous for ongoing advanced research and on-going clinical trials, highly trained specialists and surgeons.
Notably, the prices are much lower than that of most
developed countries.
Another common procedures that medical travellers seek abroad are Cosmetic surgery.
Harvard law professor Glenn Cohen author of "Patients with Passports: Medical Tourism, Law, and Ethics" and "The Globalization of Health Care", correlates the significant growth of plastic surgery procedures to the popularity of overseas destinations.
Given the statistics above, medical health tourism could become the most feasible health care option for many, by 2020. Main destinations in Europe are Spain, France, Poland and Check Republic.
The latest market researches show that Asian countries have recently entered this competitive market and are growing successfully. The most prominent ones among these are South Korea, Singapore and Thailand.
However, Asia is not the only one, that boasts the largest number of hubs for cosmetic tourism. Turkey is becoming Asia's new competitor. Geographical position, high quality of service and affordable prices make this country very attractive to health tourists around the world.
Harvard law professor Glenn Cohen author of "Patients with Passports: Medical Tourism, Law, and Ethics" and "The Globalization of Health Care", correlates the significant growth of plastic surgery procedures to the popularity of overseas destinations.
Given the statistics above, medical health tourism could become the most feasible health care option for many, by 2020. Main destinations in Europe are Spain, France, Poland and Check Republic.
The latest market researches show that Asian countries have recently entered this competitive market and are growing successfully. The most prominent ones among these are South Korea, Singapore and Thailand.
However, Asia is not the only one, that boasts the largest number of hubs for cosmetic tourism. Turkey is becoming Asia's new competitor. Geographical position, high quality of service and affordable prices make this country very attractive to health tourists around the world.
The cost of surgical procedures in Turkey are typically 40% - 70% cheaper than the UK or USA. For example:
Hair transplant (FUE) in UK would cost up to £30,000 whilst in Turkey the same procedure would cost no more than £3,470.
Price for Breast lifting and breast enlargement (round prostheses) in UK is up to £6,500, where as in Turkey the price is £2,965.
2 upper and lower eyelids (total blepharoplasty) in UK the price is approximately £5,000, where as in Turkey price is around £2,000.
With fast technological developments in medical industry and multiple ways to travel, every person has the choice to get the best treatment for their needs and individual preferences.
Related coverage
Whether long and turned-up, or curved and spoon-shaped, noses seldom suit their owners. People decide to have rhinoplasty to avoid cringing when they look at themselves in a mirror. Usually, these are women, since representatives of the stronger gender are not so fastidious about their noses. What must we know in order to be happy with the results of surgery?
Jun 25, 2019
Prostate cancer is the most common oncologic disease in men and one of the leading causes of death among men over 45. It is curable at the early stages of condition, but the important thing is to find a good doctor.
May 27, 2020
Have questions? Leave your data and we will contact you
Get started with MedEssentially
Any questions, or just want to chat?
Comments