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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

Singapore represents Asia’s second largest medical tourism market after Thailand. The country is well known for quality medicine, state-of-the art medical care, and meticulous healthcare workers.

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Thailand represents Asia’s oldest player in the medical tourism sector. Medical tourism in Thailand has been consistently growing at rapid pace. Medical care on offer is high by regional standards and treatment is typically 60-70% cheaper than in Europe or the US. The treatment in Thailand is even cheaper than other Asian markets such as Singapore. According to our new research on the sector called “Asian Medical Tourism Analysis (2008-2012)”, the medical tourism market in Thailand is expected to grow at a CAGR of around 11% during 2010-2012.

Our research report is an outcome of extensive analysis of the medical tourism market in Thailand. We have identified that low cost factor along with the quality healthcare treatments have driven the growth of Thai medical tourism market. In this regard our report provides a through cost analysis of different treatments in Thailand by comparing them with other countries like India, Singapore and the US. Besides, we have also identified some other factors, which are essential for the growth of medical tourism market in different countries of Asia and have accumulated them all in our research study.

We have identified that medical tourism facilitators will play an important role in the development of new medical tourism markets in Asia. Thus, we have included a brief business profile of these facilitators. The report also enlists some major medical tourism facilitators in American and European countries, which can help our clients in getting business from these countries. Moreover, the report also discusses certain roadblocks that are restraining the growth of the medical tourism market in Asian countries.

“Asian Medical Tourism Analysis (2008-2012)” also provides valuable information on the key competitors in the market along with their business description and area of expertise. This will help clients in understanding the market in a better way, thereby providing them with an additional edge over other competitors in the market while devising their strategy.

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