Published on : Mar 30, 2016
ALBANY, New York, March 30, 2016 – ResearchMoz.us has recently added a new study on the global medical tourism market with a key focus on the medical tourism market in Asia. The report is titled “Medical Tourism Market Report: 2015 Edition.”
According to the study, the medical tourism market in Asia has been exhibiting impressive growth in the recent times. The cost-efficiency offered by medical treatments in Asian countries compared to western nations such as the U.K. and the U.S. is stimulating the Asia medical tourism market significantly. The quality health services offered in Asian countries have made them preferred destinations for medical tourism across the world. The governments in Turkey, Thailand, Malaysia, South Korea, Singapore, and India are taking major initiatives for the promotion of medical tourism at a large scale in their respective countries.
The report presents a comprehensive study of the Asia medical tourism market on the basis of the latest market trends and the future prospects. Dentistry, cosmetic surgery, orthopedic surgery, and cardiac surgery are the major treatment procedures for which people travel to Asia. Singapore, Thailand, India, and Malaysia are the leading medical tourism markets in Asia.
Among medical tourists from Western Europe, Thailand is the preferred destination for cosmetic surgery while India and Singapore specialize in more complex procedures. Though India surpasses Singapore on account of the availability of low-cost treatments, the former is way behind the latter in terms of technology, states the research study.
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In Malaysia, the government is aggressively promoting the medical tourism market in order to make the country an international medical tourism destination. Similarly, the South Korean government is actively taking initiatives to promote medical tourism in their nation. However, the medical tourism market in South Korea is still in its nascent stage compared to its other Asian counterparts. Experts predict this market to register significant growth over the next few years, notes the study.
The increasing popularity of Asian traditional treatments such as aromatherapy, ayurveda, homeopathy, meditation, naturopathy, and yoga as alternatives to allopathic treatments is likely to propel the Asia medical tourism market in the coming years. Apart from this, the provision of special tourism packages in Asia medical tourism market is also expected to attract a huge number of medical tourists in the near future.
The study also analyzes the company profiles of major market participants in order to analyze the competitive landscape prevalent in the Asia medical tourism market. Raffles Medical Group, IHH Healthcare Berhad, Bumrungrad Int. Hospital, KPJ Healthcare Berhad, Apollo Hospitals Enterprise Ltd., Parkway Pantai Ltd., and St. Luke’s Medical Center are some of the major enterprises functioning in this market, profiled in this report.
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