Tuesday 4 September 2018

Nurse yourself better abroad

THE medical tourism industry is evolving quickly due to increasing awareness levels among individuals across the world which has seen emerging market economies with medical expertise and medical facilities at low cost, coupled with attractive tourism sites driving the medical tourism market. 

Modern healthcare at affordable prices is offered to medical tourists in various countries at different level of economic development. Western population travel to other countries for their medical treatment. Long waiting lists, increasing healthcare costs, and limitations on the availability of treatment options, coupled with the ease of travel, medical tourism is gaining popularity.

According to a recent report by Zion Market Research medical tourism is one of the significant sectors of the global economy. The number of medical tourists has increased substantially from 350,000 Westerners in 2003 to 750,000 Americans by 2007. In India, medical tourism increased between USD 50 billion and USD 69 billion. Medical tourism in Asia grew to USD 4.4 billion by 2012.

The global medical tourism market was valued at approximately USD 15.5 billion in 2017 and is expected to generate revenue of around USD 28.0 billion by the end of 2024, growing at a rate of around 8.8% between 2018 and 2024.


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