Asian Medical Tourism Market Forecast to 2015

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Aug 14, 2013, 12:45 ET

DUBLIN, August 14, 2013 /PRNewswire/ --

Research and Markets (http://www.researchandmarkets.com/research/xhlrb7/asian_medical) has announced the addition of the "Asian Medical Tourism Market Forecast to 2015" report to their offering.

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Medical tourism, also called health tourism or medical travel, is a rapidly growing industry catering to patients who travel across national borders to receive medical treatments. In Asia, medical tourism has emerged as one of the fastest growing segments. Low cost and waiting time of medical treatments as compared to western countries, coupled with quality health services provided in Asian countries make them preferred destination for the medical travelers. With the governments' support and improving medical infrastructure of Asian countries, the medical tourism market of Asia is anticipated to post a CAGR of around 26.5% during 2013 to 2015, say the authors in their latest report Asian Medical Tourism Market Forecast to 2015.

This research on Asian medical tourism is an outcome of primary and secondary research, and a thorough analysis of its industry trends. According to the report, the Asian medical tourism market comprises India, Thailand, Malaysia, Philippines, Singapore, and Korea. As per this study, the authors found that among the medical tourism destinations, these six Asian countries are expected to be the most potential destinations in the coming years. Thus, this comprehensive report provides detailed analysis and future forecast for the medical tourism market, and medical tourist arrivals till 2015 in these Asian countries.

Extensive research and analysis also revealed that cost competitiveness is one of the major factors responsible for making Asian countries a preferred destination for medical tourists. The cost of medical treatments in developed countries, particularly in the US and the UK, has been significantly high, which has prompted the patients from these regions to visit cost effective destinations.

It has also been observed that alternative traditional treatments like ayurveda, naturopathy, aromatherapy, homeopathy, meditation and yoga are becoming popular among the medical tourists. Many tourists come to Asian countries to seek the divine peace and healing power provided by these alternative medical therapies.

Companies Mentioned

- Apollo Hospitals Enterprise Ltd.
- Bumrungrad International Hospital
- Parkway Pantai Limited
- Raffles Medical Group
- St. Luke's Medical Center

For more information visit http://www.researchandmarkets.com/research/xhlrb7/asian_medical

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Sector: Healthcare and Medical Devices

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