Telehealth improves the efficiency, customer service, and quality of medical tourism services via enhanced coordination of care between patients and care providers. According to Transparency Market Research (TMR), the global medical tourism market is expected to exhibit a 17.90% CAGR from 2013 to 2019. A rise in the elderly population and the rising number of uninsured people are some of the factors expected to propel the global medical tourism market.
According to this study, the falling cost of medical procedures in the Philippines, India, Singapore, Thailand, Mexico, Malaysia, Brazil, Turkey, Taiwan, South Korea, Poland, Costa Rica, and Dubai is encouraging people to travel to these countries for their treatment and, in turn, is propelling the global medical tourism market significantly.
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In addition, the widening range of medical treatments available in these nations, coupled with technical advancements in the field of medical and healthcare, is likely to boost this market greatly during the forecast period, states the market report.
In this study, the global medical tourism market is analyzed on the basis of its regional spread. India, Singapore, Thailand, Malaysia, Brazil, Mexico, Turkey, Taiwan, and South Korea are the major medical tourism markets across the world.
Thailand has emerged as the most popular destination for cosmetic surgeries among the medical tourists from Western Europe. In 2012, this country had welcomed around 2.5 million foreign patients, accounting for approximately 45% of the overall number of foreign medical tourists arrived in Asia. However, Malaysia is likely to dominate the global medical tourism market in the coming years.
Almost 0.7 million patients were treated in this nation in 2012. Analysts expect around 2 mn patients to gain medical assistance in Malaysia by the end of the forecast period, notes the research report.
The report further states that India and Singapore are the most preferred destinations in case of complex medical procedures. India has attracted a large number of patients due to its increasing popularity in the field of cardiac treatments. Costa Rica, Dubai, Poland, and the Philippines have been identified as the prospective countries for medical tourism in this market study.
Samitivej Sukhumvit, Raffles Medical Group, Fortis Healthcare Ltd., Apollo Hospitals Enterprise Ltd., Bangkok Hospital Medical Center, Asian Heart Institute, Bumrungrad International Hospital, KPJ Healthcare Berhad, Min-Sheng General Hospital, and Prince Court Medical Center are some of the major organizations operating in the global medical tourism market.
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