Medical tourism is a dynamically growing industry. Yet, the sector is full of challenges for those who want to attract great amounts of tourists. Which countries invest in medical tourism? How can they succeed?
MEDICAL/ Investment Opportunity? Medical Tourism
ARTICLES
Medical Tourism Helping a Number of Economies
Medical tourism is now a common phenomenon with more and more people seeking affordable and quality healthcare abroad. Countries that attract medical tourists have in turn benefited economically.
In the past, medical tourism was associated with terminally-ill wealthy individuals seeking top-notch healthcare in advanced hospitals. It also connoted people traveling mainly to Brazil and Thailand, for cheap cosmetic surgeries. Whereas all these may have been true, medical tourism now involves patie...
Countries Aiming at American Medical Tourists
The global medical tourism market seems to grow fast, especially when American patients are involved. In 2012, the market value was of $10.5 billion, according to Research and Markets and it is predicted to reach $32.5 billion until 2019. The compound annual growth rate (CAGR) is expected to be of 17.9% between 2013 and 2019. Even if it may seem surprising for some people, 1.6 million Americans looked for medical care in various destinations only in 2012.
The cost of medical care is 20% to 30...
Malta: Healthcare to Remain Free Thanks to Medical Tourism
In March the Maltese government announced plans to boost the local medical tourism. The goal is to raise over 200 million Euros for a massive upgrade of the Maltese healthcare system, which should remain free for the local residents.
Medical tourism is currently not a very important source of revenue for the state budget mainly due to the underfinanced hospitals and substandard services.
To achieve the goal the healthcare system teamed up with the Barts Medical School, which is one of the mo...
How to Succeed in the World of Medical Tourism
There are many governments, healthcare businesses and national tourism organizations worldwide that want to become medical tourism destinations. But for most this pursuit has been in vain. There are many reasons why success has proved elusive. Investment in medical tourism services and healthcare facilities has been made on the assumption that after the facilities are built and services offered medical tourists will come automatically.
National medical tourism strategy has not been well thou...