Abstract
Report Summary
Asia medical tourism industry has been growing with a double digit CAGR and
expected to reach US$ 8.5 Billion by 2013. Thailand and India vie with each
other for the medical tourism crown. Thailand' s prices are a bit higher on
average than India' s, with the main advantages being a better overall tourist
experience and more bundling of services. In 2008 Thailand has treated the
highest number of international patients compared to any other Asian
countries. But its market share of Asia medical tourist arrivals and medical
tourism market is declining year on year is a matter of concern.
India advantages are that it is the cheapest of any of the world medical
tourism destinations, while being the equal of the other major destinations in
terms of quality of staff, equipment and healthcare procedures. With many
brand new state of the art hospitals and western trained doctors it is easy to
see why it is a leader in medical tourism. In 2008 India market shares in Asia
medical tourist arrivals was 18.7 percent and it is expected to rise further
to nearly 25 percent by 2013.
However, these two major players are getting tough competitions from other
Asian countries like Philippines, Singapore, Malaysia and South Korea. All
these have government-backed medical tourism programs and are trying to catch
up fast. Singapore is planning to be developed into a leading health care
destination in Asia with its medical tourism market steady growth of 11.9
percent over the past few years (2004 to 2008).
In comparison to this South Korea is planning to develop an island into a
healthcare hub with all the latest healthcare facilities by 2011. The island
will be a two-hour flight from five major Asian cities Seoul, Beijing,
Shanghai, Hong Kong and Tokyo. Malaysia is concentrating on neighboring
countries like Indonesia Singapore for its growth going forward. The
international patient arrivals to Malaysia are expected to grow with a CAGR of
29.27 percent for the period of 2009 to 2013.
' Asia Medical Tourism Analysis (2008 ' 2013)' provides detailed analysis about
the past, present and future outlook of medical tourism in Asia. Six Asian
countries (India, Malaysia, Philippines, Thailand, Singapore, and South Korea)
markets have been covered in this report. Each country markets has been
analyzed from the point of medical tourist arrivals, medical tourism market,
cost of medical treatment, patient perceptions, driving forces of that market,
and roadblocks (challenges) to the market. This report provides valuable
information to clients looking to venture into these markets and helps them to
advise strategies while going for an investment in these markets. This report
will help Investment Bankers, Research Analyst, Management Consultants,
Researchers, Wealth Managers etc. to have access to the latest trends and
recent developments in medical tourism industry.
Research Highlights
- India offers the cheapest medical treatment in comparison to other Asian
medical destination.
- India is forecasted to treat the second highest number of medical tourist
in 2013 after Thailand.
- Introduction of cosmetic surgery tax in 2009 by Indian government puts
India on the disadvantages position compared to other Asian
- countries.
- In 2007 more than 70 percent of medical tourists visiting Malaysia were of
Indonesian origin.
- Medical tourist arrival in Singapore was 15 percent less in 2007 compared
to 2006.
- Thailand is forecasted to have the highest number of medical tourist among
other Asian countries by 2013.
- By 2011, South Korea is planning to develop an island for medical tourism
with an investment of US$ 315 Million having all types of
- healthcare facilities. The island is only a two-hour flight from five
major cities Seoul, Beijing, Shanghai, Hong Kong and Tokyo.
- Asia Medical Tourism Analysis (2008 ' 2013) Page 1/7
- ReportLinker Find Industry reports, Company profiles
- and Market Statistics
- South Korea has opened one-stop service center for medical travelers like
establishing of information booths and medical
- information website in five languages.
- South Korea government has allowed foreign investors (individual and
institutional) to operate hospitals in the country' s free
- economic zones (FEZs).
Key Players
This section provides the overview and key financials of prominent players in
the Asian medical tourism markets, such as Apollo, Bumrungrad, Raffles and
Parkway Health.
Data Sources
Information and data in this report has been collected from various printable
and non-printable sources like Magazines, Newspapers, Trade Journals, White
papers, Online paid databases, News websites Government Agencies and Trade
associations.
Keywords
medical treatments, tourism industry, tourism destination, medical tourism,
health tourism, healthcare services, spa tourism, dental tourism, dental
treatment, cardiac/heart surgery, orthopedic surgery, neurological & spinal
surgery, medical tourist arrivals, international patients, medical tourism
market India medical tourism, Malaysia medical tourism, Thailand medical
tourism, Philippines medical tourism, Singapore medical tourism, South Korea
medical tourism, Apollo Hospitals Enterprise Ltd, Bumrungrad Hospital Public
Co. Ltd, Raffles Medical Group, Parkway Holdings Limited
Table of Contents
1. Executive Summary
2. Why Medical Tourism is Growing?
- 2.1 The Role of Cost and Quality
- 2.2 Proactive role of Asian Governments
- 2.3 The Internet and the International Patient
- 2.4 Link between Insurance firms & Employers
- 2.5 Accreditations
- 2.5.1 Joint Commission International (JCI)
- 2.5.2 Trent Accreditation Scheme (TAS)
- 2.5.3 International Organization for Standardization (ISO)
- 2.5.4 Regional Accreditation Organizations
3. Asia - Medical Tourism
- 3.1 Past & Present Scenario
- 3.1.1 Medical Tourist Arrivals
- 3.1.2 Medical Tourism Market
- 3.2 Future Forecast
- 3.2.1 Medical Tourist Arrivals
- 3.2.2 Medical Tourism Market
- 3.3 Clinical Market Segmentation
- 3.3.1 Cardiac/Heart Surgery
- 3.3.2 Orthopedic Surgery
- 3.3.3 Neurological & Spinal Surgery
- 3.3.4 Dental Tourism
- 3.3.5 Cosmetic/Plastic Surgery
4. Geographical Distribution
- 4.1 India
- 4.1.1 Medical Tourist Arrivals
- 4.1.2 Medical Tourism Market
- 4.1.3 Market Drivers
- 4.1.3.1 Large English Speaking Population
- 4.1.3.2 Cheapest of all Medical Tourist Destinations
- 4.1.3.3 Commonwealth Games to generate Billions for India Medical
Tourism
- 4.1.4 Roadblocks
- 4.1.4.1 New Cosmetic Surgery Tax in India to hit Medical Tourism hard
- 4.2 Malaysia
- 4.2.1 Medical Tourist Arrivals
- 4.2.2 Medical Tourism Market
- 4.2.3 Market Drivers
- 4.2.3.1 State of the Art Healthcare Facilities at Competitive Price
- 4.2.3.2 Affordable and Easy Accommodation
- 4.2.3.3 Tourism - The Best Part of Medical Tourism in Malaysia
- 4.2.4 Roadblocks
- 4.2.4.1 Epidemic Fears
- 4.2.4.2 Economic Slowdown
- 4.3 Philippines
- 4.3.1 Medical Tourist Arrivals
- 4.3.2 Medical Tourism Market
- 4.3.3 Market Drivers
- 4.3.3.1 Low Cost & English Speaking Population
- 4.3.3.2 Strong Government Support
- 4.3.4 Roadblocks
- 4.3.4.1 Lack of Accredited Hospital and Stringent Regulations
- 4.3.4.2 Long Distances from North America & Europe
- 4.4 Thailand
- 4.4.1 Medical Tourist Arrivals
- 4.4.2 Medical Tourism Market
- 4.4.3 Market Drivers
- 4.4.3.1 Biggest Asian Medical Tourist Destination
- 4.4.3.2 Among Biggest Spa Destinations in World
- 4.4.4 Roadblocks
- 4.4.4.1 Politically Unstable State
- 4.5 Singapore
- 4.5.1 Medical Tourist Arrivals
- 4.5.2 Medical Tourism Market
- 4.5.3 Market Drivers
- 4.5.3.1 Strong Reputation & No Language Barrier
- 4.5.3.2 Strong Government Support & Stringent Healthcare Laws
- 4.5.4 Roadblocks
- 4.5.4.1 Higher Charges than other Asian Countries
- 4.6 South Korea
- 4.6.1 Medical Tourist Arrivals
- 4.6.2 Medical Tourism Market
- 4.6.3 Market Drivers
- 4.6.3.1 Island to be turned into Resort-Style Medical Tourism Centre
- 4.6.3.2 Providing One-stop Service for Medical Tourism
- 4.6.3.3 Relaxed Foreign Ownership to boost Medical Travel Industry
- 4.6.4 Roadblocks
- 4.6.4.1 Language & Cultural Barriers
5. Key Players
- 5.1 Apollo Hospitals Enterprise Ltd.
- 5.2 Bumrungrad Hospital Public Co. Ltd.
- 5.3 Raffles Medical Group
- 5.4 Parkway Holdings Ltd.
