MMedsolution – Medical Dental Tourism Resource On-line

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

Thailand is the leader in medical tourist arrivals holding more than 40% share in Asia medical tourist arrivals in 2011. Its medical tourism market was around US$ 2 Billion in 2011 and it is expected to be more than double by 2015.

Thailand has world-class medical facilities with its high-profile private hospitals and clinics. Thailand has been one of the favorite medical tourism destinations for all over the world.

This may be primarily due to the cultural heritage, state-of-the-art medical facilities, personalized hospitality and reasonable medical costs. The country takes pride in having the first hospital to receive the first JCI accreditation in Asia.

It has highest number of JCI accredited hospitals in Asia.

Renub Research report titled “Thailand Medical Tourist Arrivals, Medical Tourism Market & Forecast to 2015 provides a comprehensive analysis of the Thailand Medical tourism market covering in detail various aspects such as foreign patients’ arrivals, revenue from foreign patients, competitive landscape and market share of the foreign patients’ arrivals & revenue from foreign patients.

The report also entails major drivers and roadblocks of Thailand medical tourism market.

Key Topics Covered in the Report

- Number of medical tourists arrival in Asian countries (India, Thailand, Malaysia, South Korea, Singapore, Taiwan, Philippines)

- Medical Tourism market in Asian countries (India, Thailand, Malaysia, South Korea, Singapore, Taiwan, Philippines)

- Number of medical tourists arrival in Thailand

- Medical Tourism market in Thailand

- Major Drivers and Roadblocks of Medical Tourism in Thailand

Data Sources

This report is built using data and information sourced from proprietary databases, primary and secondary research and in-house analysis by Renub Research team of industry experts.

Primary sources include industry surveys and telephone interviews with industry experts.
Secondary sources information and data has been collected from various printable and non-printable sources like search engines,

News websites, Government Websites, Trade Journals, White papers, Government Agencies, Magazines, Newspapers, Trade associations, Books, Industry Portals, Industry Associations and access to more than 100 paid databases.

http://finance.yahoo.com/news/research-markets-thailand-medical-tourist-172400312.html

Medical Tourism Resource Online

There are many people who are crossing borders for cost-effective and specialized medical treatments. One of the places that many patients visit is Thailand.

The country has become one of the top medical tourism centers of the world. It is the leader of medical travel in Asia since it holds more than 40 percent market share of the Asian medical tourism industry.

The number of people visiting Thailand for treatment has been increasing rapidly since 2000 because the country not only offers low-cost medical services but also has an excellent tourism infrastructure.

The country is thus popular especially among travelers from North America and Europe for whom Thailand is easily accessible. Several airlines in UK for instance offer flights to Thailand from London at low prices making the medical trip all the more cost effective.

Another reason why people visit Thailand for treatment is because there are hundreds of hospitals in Thailand that offer high quality services to patients. Today, there are more than 15 hospitals in Thailand that are accredited by JCI.

Most medical tourists prefer local private hospitals because they have experienced and trained doctors and surgeons. Some of the most respected private hospitals in Thailand include Bumrungrad International Hospital, Bangkok Hospital Group (BHG) and Samitivej Hospitals.

Even though the private facilities in Thailand are expensive when compared to public hospitals, the price charged by them is much lower than the prices in hospitals in Western countries.

The total cost of a bypass surgery for instance in a good private hospital in Thailand is about $12,000. However, if the same surgery is done in United States the cost is more than $130,000.

Since there is a big price difference, many people who cannot afford treatment in their country prefer visiting Thailand.

Most hospitals in Thailand strive to create comfortable atmosphere for foreign patients. Both private and public hospitals thus have translators who can speak several foreign languages.

Many doctors and surgeons receive their education and training in USA and Europe. Many of the medical centers also offer private transportation from hotel to the hospital, regular checks on patients who are recuperating from surgery and emergency medical assistance upon arrival and departure.

http://www.tourism-review.com/thailand-holding-40-of-asian-medical-tourism-market-news3202

Medical Tourism Resource Online

LONDON, Apr 16, 2012 (BUSINESS WIRE) — Thailand is leading Asia as a medical tourism destination, holding more than 40% share in the region’s medical tourist arrivals in 2011.

Its medical tourism market was around USD 2 billion last year, with a great potential to more than double by 2015.

Factors such as international accreditation, updated technology, highly qualified medical personnel and affordable costs have contributed to the growth of this industry.

Bangkok, Chiang Mai, Koh Samui and Phuket are touted as the epicenter of health care services in Thailand and have become the hub for medical tourism.

New market research study “Thailand Medical Tourist Arrivals, Medical Tourism Market & Forecast to 2015″ drawn up by Renub Research provides a comprehensive assessment of Thailand’s medical tourism market detailing various aspects like foreign patients’ arrivals, revenue from foreign patients, competitive landscape and market share of the foreign patients’ arrivals & revenue from foreign patients.

Furthermore, key drivers and challenges of the medical tourism market in Thailand are also featured.

http://www.marketwatch.com/story/thai-medical-tourism-market-analyzed-in-new-renub-research-study-published-at-marketpublisherscom-2012-04-16

Medical Tourism Resource Online

Hospitals and healthcare hubs in the UAE are increasingly looking abroad to attract patients and boost a small but growing medical- tourism sector here.

Revenue in the UAE’s Medical Tourism market amounted to about US$1.7 billion (Dh6.24bn) in 2010, and the sector is projected to grow by about 15 per cent annually, according to the market research firm Business Monitor International.

Dubai Healthcare City is planning to create centres for oncology, genetic disorders and diabetes within five years in an effort to expand the medical-tourism segment of its business.

About 15 per cent of more than 500,000 patients who sought care there last year were medical tourists, up from just 5 per cent of 231,000 patients in 2009.

Over the past year, RAK Hospital has been opening small offices in countries such as Iraq, Afghanistan, Ethiopia and Nigeria to find out more about the kinds of patients who are travelling abroad for treatment.

It has also been putting together its own treatment packages that include airline tickets, visitor visas and negotiated rates at partner hotels near its base in Ras Al Khaimah.

“UAE has tremendous potential to come up as the next important medical-tourism destination for the people of this region,” said Raza Siddiqui, the executive director of RAK Hospital.

While the medical tourism service started last year still makes up a small part of RAK Hospital’s business, it now attracts one or two patients each day. Mr Siddiqui said the hospital plans to open offices in Russia, Pakistan, Kenya and Uganda to expand this business further.

At the same time, healthcare facilities in the UAE are working to keep local patients from travelling elsewhere for treatment – and boosting the medical-tourism sector of competing countries.

“One of the challenges that the UAE faces is stiff competition from popular medical destinations such as India and South East Asia that also provide competitive medical care,” said Dr Ayesha Abdullah, the executive director of Dubai Healthcare City.

“Another challenge is many patients still prefer to get medical care outside the UAE.”

Cleveland Clinic Abu Dhabi, which is scheduled to open on Sowwah Island next year, is encouraging local residents to seek treatment there while it also tries to attract medical tourists.

It plans to use certain amenities such as a climate-controlled walkway that connects to a nearby luxury hotel to entice patients to its facilities.

“The primary purpose of bringing the Cleveland Clinic model of care to Abu Dhabi is to provide those patients who might otherwise go abroad for treatment to places like Cleveland in Ohio with the highest international standards of health care in their home country [of the UAE],” said Dr Marc Harrison, the chief executive of Cleveland Clinic Abu Dhabi.

“The hospital is designed primarily to cater to the needs of patients in Abu Dhabi and other emirates in the UAE, but we will, of course, welcome patients from the wider region.”

A greater challenge for UAE hospitals may be accounting for healthcare policies in the home countries of potential medical tourists.

For instance, some jurisdictions may not approve drugs or treatment methods that are offered in the Emirates, while certain doctors may be reluctant to treat patients who have received elective care here or elsewhere.

“The issues in a universal healthcare system are different than in jurisdictions with a patient pay structure,” said Dino Wilkinson, a partner based in Abu Dhabi at the law firm Norton Rose.

http://www.thenational.ae/thenationalconversation/industry-insights/economics/medical-tourism-rising-in-the-uae

Medical Tourism Resource Online

According to reports voiced at a recent Tourism Authority of Thailand (TAT) seminar in Qatar Thailand currently holds a 38% stake in the world’s medical tourism market, the largest of any country in the globe.

Qatar, the 5th of October 2010: Dr. Surapong Ambhanwong (Phayathai Hospital Chief Medical & International Business Officer) explained that the passage of international patients was currently producing an estimated 920,000 travellers to the Kingdom of Thailand annually, making it the number one destination for medical tourists.

Speaking at the inaugural Medical Health and Wellness Roadshow in Doha, Qatar, Dr. Ambhanwong explained that the scope of procedures being undertaken in Thailand was wide, covering areas such as plastic surgery, joint replacement, cancer treatment, open heart surgery and dental care.

“Many also visit Thailand to seek professional advice for a better quality of life, through Thailand’s many alternative medical centres and hospitals, to help control and reduce the threat of diabetes, cholesterol, obesity and blood pressure,” he said.

The roadshow, organised in conjunction with the TAT, was aimed at promoting Thailand’s expertise and specialisation in providing cutting-edge medical care throughout the world and in particular focusing on the Gulf States.

The initiative will see representatives from Thailand’s leading hospitals and wellness centers visit the Middle East to meet directly with industry professionals and medical travel consultants as well as regional government administrators.

Present at the roadshow, TAT director Pramoth Supyen revealed that Middle Eastern travel to Thailand was constantly on the rise, whether seeking medical care or leisure travel. He stated that the TAT was now focusing its aims on further promoting tourism in the region based on the success of initial cooperation with region governments.

“Thailand proves an attractive option as a medical destination due to the country’s well established industry to provide high quality, cost effective treatment of international standards,” he said “the medical industry has proven itself with the added advantage of providing far superior nursing care, as well as the unique Thai approach and attention to personal care”.

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New Delhi, India – The medical tourism industry in India is expected to grow blissfully in the coming years and expected to grow at a CAGR of around 27% during 2009-2012, according to our research report “Booming Medical Tourism in India.” The medical tourism industry holds huge potential and will be mainly driven by improving tourism & medical infrastructure, increasing availability of quality healthcare services and low healthcare costs.

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There has been one bright note among all the hardships endured by the Asian travel industry over the past two years – the continued rise of medical tourism.

The double blow of the world economic crisis and, to a lesser degree, swine flu fears, has seen most markets in the region suffer double digit declines in numbers but not so when it comes to tourists looking for a little treatment to go with their holidays.

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Noida, India – In its upcoming research report “Poland Medical Tourism Market 2013 – An Untapped Opportunity”, IMRS has identified Poland as one of the most promising destination for medical tourism in Europe. In recent years patients from countries like UK and Germany have visited hospitals and clinics in Poland for medical consultations and treatments.

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Idea of fast-tracking surgery for visitors from U.S. discriminates against Canadians in their own country

Some ideas are not as wacky as they seem. Health Minister Kevin Falcon’s suggestion that we look at ways to turn part of our health care system into a gold mine is not one of these ideas. On closer examination it is just as wacky as it appears at first blush.

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