New Opportunities for the International Travel Medical Care Industry

Medical Tourism: Source for Cheap Healthcare

The international travel medical care industry is one of the world's largest industries, with global revenues touching US$ 20 billion in 2005.  Rising costs have become a major problem in health care in Western countries, and millions of patients, therefore, opt for international travel for medical care options outside their country.  Asian countries like Thailand, Malaysia, Philippines, and India are emerging as key players in the Asian medical tourism industry.  These countries, with their offer of cheap healthcare, cost-effective travel, and almost negligible wait periods, have turned Asia into something of a mecca for medical tourists.  Medical tourism has in fact become one of the major sources of foreign exchange in the continent. 

Research in International Travel Medical Care Industry

Research and Markets recently announced the publication of a report titled “Opportunities in Asian Medical Tourism (2007-2010).”  This report provides an objective analysis of the opportunities available in international travel medical care in Asia.  The fact that Asia's prospering medical tourism industry is expected to be worth US$4 billion by 2010 is proving to be a gold mine for the travel and hospitality sector in many Asian destinations.  Rising costs are a major problem in health care in Western countries, and research shows that due to cheap healthcare, a medical tourist spends almost double the amount of money spent by an average traveler on a visit. 

Rising Costs a Major Problem in Health Care: Think of a Cheaper Alternative

If you are uninsured and want access to cheap healthcare, you are advised to study this research report before deciding on medical options in Asia. Besides analyzing the current trends and future prospects of this sector, it also provides an overview of prominent hospitals and medical centers in Asia.