Medical Tourism

RNCOS has released a report on the Asian medical tourism industry – “Asian Medical Tourism Analysis (2008-2012)”- which says that Asia represents the world’s most potential medical tourism market. The region accounted for nearly 12.7% of the global market and generated US$ 3.4 Billion revenues in 2007. The market is anticipated to remain strong in future too, registering a CAGR growth of 17.6% during 2007-2012.According to the report, the medical tourism market has been hitting it big due to improving healthcare infrastructure in the region. Countries, particularly India, the Philippines, Singapore, Malaysia and Thailand, are successfully meeting the demand for quality healthcare through world-class medical infrastructure and trained medical professionals, including tertiary hospital care. Most of the medical professionals in these countries are trained in world-class institutions abroad. Hence, hospitals provide foreign patients highly qualified, board-certified physicians, medical technicians, and top-tier nursing staff, together with highly personalized care. As a result, the success rate of complicated surgeries and patient satisfaction is very high.