Medical tourism refers to patients travelling to
foreign country to get medical treatment(s). People travel abroad for various
medical treatments so they can avail quality healthcare at affordable rates
than they would get in their own country. Sometimes patients also travel to a
different city or state within their own country.
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This
is referred to as domestic medical tourism. The key advantages of medical
tourism are:
Cost-effectiveness
and affordability
Low priced medical treatments, due to cheap labor,
is the main reason why patients opt for medical tourism. Although the
treatments are cost-effective, they are performed by experts who use the latest
technologies and products.
Improved
flight and communication service
Many treatments can be scheduled online, giving
patients the flexibility to book flights accordingly. This can eliminate
patient inconvenience in many ways.
Personalized
high quality healthcare
Most of the surgeons and doctors that perform
treatments are trained in Western countries like UK and US.
Medical tourism can help patients to find a wide
range of surgeries or similar treatments such as orthopedic, cardiovascular,
dental, cosmetic, and fertility treatments among many others.
Cardiovascular
Treatment: The Largest Segment
Among all the treatment types, cardiovascular
treatments have the highest demand on account of growing occurrence of cardiovascular
diseases (CVDs). Rising cases of heart diseases, obesity, hypertension, and
other ailments cause various types of CVDs. In addition, high number of
angiography and atrial fibrillation cases are also likely to propel the segment
demand.
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Growing number of electrophysiology centers and
cath-labs specialized hospitals along with rapid adoption of robot-assisted
surgical platform are also likely to have a positive impact on the swift
development of the segment. Furthermore, factors such as rising adoption of innovative
products and advanced technologies are also contributing factors for the growth
of cardiovascular treatment segment.
Market
Insights
A report made available by Radiant Insights, Inc.
suggests that the global medical tourism market would witness a CAGR of 12.55%
over the forecast period (2017 to 2021). Growing cases of chronic diseases such
as high blood pressure, cancer, and cardiac diseases (CVDs) are the key market drivers.
Government/private hospitals and other healthcare organizations across the
globe have started focusing on boosting their regional share in medical tourism.
This may bode well for the global market in the forthcoming years. To put this
in perspective, Mexico is becoming a popular medical tourism destination due to
the availability of unconventional cancer treatments that are either expensive
in other regions or are not approved. Another reason for the region’s
popularity is the availability of affordable or alternative treatments for many
severe diseases.
Apollo Hospitals Enterprise Ltd.; Asklepios Kliniken
Verwaltungsgesellschaft mbH; Bumrungrad International Hospital; Fortis
Healthcare Ltd.; and Bangkok Hospital are some of the prominent organizations
in the market.
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Contact:
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Michelle Thoras
201 Spear Street 1100,
Suite 3036, San Francisco,
CA 94105, United States
Tel: 1-415-349-0054
Toll Free: 1-888-928-9744
Mail: sales@radiantinsights.com
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