Philippines Medical Tourism Market Growing Unprecedentedly

Posted on 28 April 2012 in Uncategorized by admin

Noida, UP — (SBWIRE) — 04/10/2012 — In Asia, Philippines has been emerging as an important medical tourism destination by leveraging factors, such as modern technology and world-class physicians.

The Philippines’ government envisions the country as the “new hub of wellness and medical care” as it is the home to some best hospitals and standalone specialty clinics in the region.

According to a new research report by RNCOS, the nation is planning to introduce special medical visas for foreigners, with a view to grabbing a sizeable share in Asia’s booming health tourism industry.

It is anticipated that on back of such initiatives and developments, Philippines’ medical tourism market will expand at a CAGR of over 25% during 2010-2013.

The research report, “Asian Medical Tourism Analysis (2008-2012)”, says that the Asian medical tourism industry has been growing at a rapid pace for the last few years, and has become a key attraction for the foreign medical tourists.

The industry has gained grounds due to the rising healthcare costs in the developed world, long waiting time, and in some cases, the unavailability of quality healthcare (as in the Middle East).

It is estimated that the market will grow at double-digit rate in near future. Besides, six countries– Thailand, Singapore, India, Malaysia, South Korea, and the Philippines – are expected to be the most potential medical tourism destinations in Asia in the coming years.

The study provides comprehensive research and unbiased analysis of the industry’s current performance and future outlook of the key Asian medical tourism markets.

It acknowledges the fact that the six Asian markets covered in the report – Thailand, Singapore, India, Malaysia, South Korea, and the Philippines – have vast differences in terms of cost, infrastructure, human resources, patient perceptions, competencies, and level of government support.

Each destination has been thoroughly studied in the report that provides valuable information to clients who are looking to venture into these markets, and helps them devise sound strategies.

RNCOS specializes in Industry intelligence and creative solutions for contemporary business segments. Our professionals analyze the industry and its various components, with a comprehensive study of the changing market behavior.

Our accuracy and data precision proves beneficial in terms of pricing and time management that assist the intending consultants in meeting their objectives in a cost-effective and timely manner.

http://www.sbwire.com/press-releases/sbwire-135839.htm

Medical Tourism Resource Online

Wellness Tourism or Health Care System

Posted on 25 April 2012 in Uncategorized by admin

Someone complained that he went to a corporate hospital for a minor injury and was subjected to every conceivable test for ailments that did not exist.

Not surprising since hospitals established by multinational corporates –or even national industrial houses – are set up at great cost which has to be recovered only through their beneficiaries.

They are equipped with the latest state-of-the-art diagnostic tools and trappings that can detect anything from a cyst to cancer.

It is not that your doctor suspected a strangulated hernia when you went to that mega hospital for a mild stomach ache.

He ordered those X-rays and CT scans and MRIs because he has to show that he has used the hospital diagnostic machinery to continue in service.

His survival is more at stake than yours. If you feel that the corner clinic with its friendly physician is not good enough, then you must pay the price for an opulent hospital which cannot stay alive without returns from its consumers – just like any other product.

Lifestyle diseases

Studies have shown that an ever growing elderly population coupled with growing income levels – added to a spurt in lifestyle diseases like diabetes and cardiac complications – will seek therapeutic help in these hospitals which are better suited for health tourism – the catchword in today’s medical parlance.

They are lavish. Special diets can be ordered. Special services can be commanded. Visitors may dine in style in well appointed restaurants. Their employers or insurance plans take care of the expenses.

Such insurance-related healthcare may profit doctors and hospitals. But, it sets off a new medical practice that was unknown in this country a few years ago, and which has its own risks and dangers.

A study conducted at the Harvard Medical school points out that “computerised patient records might actually encourage doctors to order expensive tests more often.”

This country has also become the favourite destination for foreign tourists seeking high quality medical services at a low cost. ‘Wellness tourism’ is advertised like any other brand.

“India offers treatment of complicated diseases at reasonable costs,” screams one advertisement. Or, another flaunts “ highly proficient team of surgeons treat you as per international standards.”

Not only do they offer high class surgery for the most sought after medical procedures like bypass, angioplasty hip or knee replacements among other things, but they also entice their customers with holiday packages in exotic tourist spots in the country.

If a bypass surgery costs $130.000 in America, the visiting patient can get away with $1,000 for the same in any one of India’s leading cardiac centres. He can have a $43,000 hip replacement for a mere $9000, a complicated $62,000 spinal fusion for a paltry $5000.

It has been estimated that the Indian healthcare industry will become a 280 billion dollar booming business within the next decade.

Instead of condemning the well established super speciality hospitals which cater to those who can afford them, why not pressurise governments to improve the condition of state hospitals to bring them on par in order to cater to the majority of patients who are poor enough to go bankrupt if disease strikes.

The National Health Policy of 1983 recommended “an integrated net-work of evenly spread speciality and super speciality services…through private investments for patients who can pay, so that the draw on government facilities is limited to those entitled to free use.”

According to the census of 2011, India’s population has gone beyond 1.2 billion. It is a fearful picture when one considers that we have not provided a proper working health care system for all. The majority population does not have access to the minimum health care.

Inadequate sanitation and dearth of clean drinking water adds to the spread of bacterial infections like hepatitis, dysentery or pneumonia which continue to plague our over crowded cities as well.

Last year, India shockingly developed a totally drug resistant (TDR) form of tuberculosis which, combined with the spread of HIV/AIDS poses a serious health hazard in the country. The Central government has also reduced funding for immunisation which leaves more than 50 per cent of our child population exposed to childhood diseases.

It has been estimated that about two million infants die in India annually before they even complete their first year of birth. Those who do, suffer extreme malnutrition that paves the way for other diseases.

Where do they go for medical support? Corporate hospitals? Or, ill managed, badly equipped corporation hospitals?

http://www.deccanherald.com/content/241636/wellness-tourism-health-care-system.html

Medical Tourism Resource Online

Majority of Medical Tourists ‘Would do it Again’

Posted on 25 March 2012 in Uncategorized by admin

Nine out of ten people who have gone overseas for surgery would do the same again and would recommend medical tourism to their family members and friends, a survey has found.

More than 1,000 patients were polled on behalf of the health tourism website Treatment Abroad.

Researchers found that 84 per cent of respondents would return to the same doctor, dentist or clinic, with 85 per cent claiming to be ‘very’ or ‘quite’ satisfied with their experience of medical tourism.

When asked why they had travelled overseas for treatment, 83 per cent of survey participants cited cost.

Many had saved more than £2,000 by going abroad and 12.7 per cent had saved more than £10,000.

The survey also revealed that Belgium was the most popular choice among Britons seeking treatment abroad, followed by Hungary, Poland, Czech Republic and Turkey.

Keith Pollard, managing director of www.treatmentabroad.com, commented: ‘So often overseas treatment is portrayed as being a poor alternative to what is available in the UK and yet it’s clear from this survey that that is simply not true.’

Mr Pollard added that the vast majority of people who seek treatment abroad are ‘delighted’ with the levels of care and the results of their surgery.ADNFCR-554-ID-801321729-ADNFCR

http://www.netdoctor.co.uk/interactive/news/majority-of-medical-tourists-would-do-it-again-id801321729-t116.html

 Medical Tourism Resource Online

Emerging Growth Area Medical Tourism Persian Gulf Iran

Posted on 1 February 2012 in Uncategorized by admin

Medical tourism in the Muslim world with a twist. Because this year, experts not only from the Islamic countries, but also from the West are giving insight on how best to prop up medical tourism in the developing nations, specially in the member states of the Organization of Islamic Cooperation.

Speaking to Press TV, on the final day of the Second International Conference on Health Tourism in Iran’s city of Mashhad, the experts also talked about the challenges faced by medical tourism.

VO: At the end of the two-day event, the participants signed cooperation MoUs to help set up health tourism branches in the OIC member states. These centers will help coordinate the trends of medical tourism development and organize annual meetings in collaboration with the Secretariat of Islamic Health Tourism Association in Iran.

http://presstv.com/detail/216809.html

Medical Tourism Resource Online
http://mmedsolution.com/

Germany to promote medical and health tourism in 2011

Posted on 17 July 2010 in Uncategorized by admin

For 2011, the German National Tourist Board’s tourism campaign will focus on health and medical tourism. This includes health and fitness, spas, health resorts, wellness and beauty hotels, hospitals and clinics.

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AUSTRALIA: New report on health and medical tourism in Australia

Posted on 9 July 2010 in Uncategorized by admin

The first ever detailed study on health and medical tourism in Australia,’ Health tourism in Australia: supply, demand and opportunities” has been published by the government funded Sustainable Tourism Cooperative Research Centre. This technical report presents a robust understanding of health and wellness tourism in Australia, and to a much lesser extent, medical tourism. It provides information and outcomes relevant for future development of the wellness and medical tourism industries in Australia.

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Health tourism promoted in Cyprus

Posted on 3 July 2010 in Uncategorized by admin

The Ministry of Health and the Cyprus Tourism Organization (CTO) are set to announce a strategic plan to promote medical tourism in Cyprus.

In statements after a meeting with the CTO leadership, the Minister of Health Christos Patsalides said that “the plan concerning grants for the accreditation of private hospitals has already been completed and is set to be announced”.

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Japan growth plan bets on green-tech, health, tourism

Posted on 24 June 2010 in Uncategorized by admin

TOKYO — Japan, battling to revive its economy, on Friday pledged to create five million jobs through a 10-year growth strategy centred on green technology, health care, tourism and closer links with Asia.

The centre-left government of Prime Minister Naoto Kan, who took office last week, has pledged to end two decades of stagnation in Asia’s biggest economy and achieve stable real economic growth above 2.0 percent a year.

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India hopes to continue as preferred medical tourism destination

Posted on 3 May 2010 in Uncategorized by admin

NEW DEHLI: Even as the US government is trying to bring down healthcare costs, hospitals in India are hopeful that their medical tourism industry will not be affected.

Many Indian hospitals have tied up with US corporates to treat their employees at affordable rates.

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Health Tourism and Laser dentistry in India with excellent finance schemes

Posted on 30 April 2010 in Uncategorized by admin

Laser dentistry in India are offered with best medical facilities and provided at an economical budget. Medical tourism can be broadly defined as the provision of ‘cost effective’ private medical care in collaboration with the tourism industry for patients needing surgical and other forms of specialized treatment.

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