Medical tourism market size fuelled by travel services- fortecast report: 2015 edition just published

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MarketResearchReports.Biz report analyzes and presents an overview on "Medical Tourism Market Report: 2015 Edition" worldwide.

More than forty countries in Asia, America, Africa and Eastern Europe are serving millions of medical tourists annually. International medical service providers are in continuous race to get accreditation from Joint Commission International (JCI).

Thailand, Singapore, Malaysia and India are the major destinations in the Asian medical tourism market. Thailand is more popular among Western European medical tourists for cosmetic surgery.

Singapore and India specialize in complex procedures with India having a cost advantage and Singapore a technology advantage.

The most common categories of procedures that people pursue during medical tourism trips are cosmetic surgery, dentistry, cardiology (cardiac surgery), and orthopedic surgery.

The healthcare industry in Thailand has seen rapid growth in recent years, ahead of the country's GDP. In Thailand, medical costs are lower than in Singapore and also, it is a much more popular tourist destination.

In this regard it is providing medical services, latest medical technology, medicines, and is further strengthening modern medicine, alternative medicine and biotechnology.

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The Malaysian government is aggressively promoting medical tourism. Through its Ministry of Tourism, Malaysia oversees tourism policies and tourism-related activities to realize its vision of making Malaysia an international tourism destination.

Indian government is aggressively promoting India as a global healthcare destination. It has also started giving affiliation to the companies working in healthcare sector.

Being one of the lowest cost and highest quality of all medical tourism destinations, it offers wide variety of procedures at about one-tenth the cost of similar procedures in the US.

The Korean government is promoting the nation's growing medical tourism industry and is actively taking initiatives that are mainly geared to introduce the services and facilities of Korean hospitals to overseas expositions. However, Korea has yet to increase its standing among other Asian nations.

This report gives an overview of the medical tourism industry with focus on Asia. It discusses the major medical tourist destinations like Singapore, Thailand, Malaysia, India, South Korea and Turkey and their respective competitive advantages.

The major healthcare organizations in Asia are also profiled in the later part of the report.

Table of Content

1. Market Overview1.1 Medical Tourism Industry Structure

2. Medical Tourism - Market Analysis2.1 Global Medical Tourism Market2.2 Asian Medical Tourism MarketMarket ValueForeign Patients Inflow2.2.1 ThailandMarket ValueForeign Patients InflowBreakdown by Procedures2.2.2 SingaporeMarket ValueForeign Patients InflowForeign Patients by Nationality2.2.3 MalaysiaMarket ValueForeign Patients InflowForeign Patients by Nationality2.2.4 IndiaMarket ValueForeign Patients InflowForeign Patients by NationalityBreakdown by Procedures2.2.5 KoreaMarket ValueForeign Patients InflowForeign Patients by NationalityBreakdown by Procedures2.2.6 TurkeyMarket ValueForeign Patients Inflow3. Market Dynamics3.1 Growth Drivers3.1.1 Low Cost and High Saving3.1.2 Services and Accommodations3.1.3 Quality Checks3.1.4 Availability and Access3.1.5 Tourism and Leisure3.1.6 Growing Elderly Population3.1.7 GDP Contribution3.2 Key Trends3.2.1 International Certification3.2.2 Government Initiatives3.3 Challenges3.3.1 Language and Cultural Barrier3.3.2 No Legal Recourse3.3.3 Selection Criteria3.3.4 Ignorance towards Home Citizens3.3.5 Association between Safety, Health and Travel3.3.6 Social and Economic Factors3.4 Significant Developments3.4.1 Singapore3.4.2 Malaysia3.4.3 Thailand3.4.4 Indonesia

4. Competitive LandscapeMarket CapitalizationOperational Bed GrowthMarket Share of Private Healthcare5. Company Profiles5.1 Raffles Medical Group5.1.1 Business Overview5.1.2 Financial Overview5.1.3 Business Strategies5.2 Bumrungrad Hospital5.2.1 Business Overview5.2.2 Financial Overview5.2.3 Business Strategies5.3 IHH Healthcare Berhad5.3.1 Business Overview5.3.2 Financial Overview5.3.3 Business Strategies5.4 KPJ Healthcare Berhad5.4.1 Business Overview5.4.2 Financial Overview5.4.3 Business Strategies

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