The report titled “Asia Medical Tourism Industry Outlook to 2015 – The Destination for Foreign Patients” provides a comprehensive analysis of the Asia Medical tourism industry along with further discussion on medical tourism market in various countries such as Thailand, India, Singapore, Malaysia and South Korea. The report covers in details various aspects such as market size on the basis of number of foreign patients and medical tourists, revenue from foreign patients and medical tourist receipts, market segmentation, competitive landscape and profiles of the major hospitals treated foreign patients in the country. The report also entails major drivers and growth barriers of medical tourism market of respective country.
The future outlook along with projections and macro-economic factors has also been presented providing an insight on the prospects in the medical tourism industry.
Asia is regarded as the destination for medical tourists across the globe. Thailand is the leader among the Asian countries which received maximum number of foreign patients (~) in 2010. India is the second largest player with ~ thousand foreign patients closely followed by Singapore with ~ thousand. Philippines and Malaysia are other major countries which received ~ and ~ thousand foreign patients respectively.
Asia medical tourism industry is one of the most lucrative markets across the globe which is expected to witness significant boom. The region is estimated to record an increased market share in global medical tourism market with projected foreign patients’ volume growth being the highest in the world. The accessibility to world-class healthcare infrastructure and expert doctors, nurses and support staff along with low treatment cost are some of the key factors which will drive the future market growth.
The country has registered the largest foreign patients’ arrivals from UAE which accounted for ~% of the total foreign patients in 2010. This is followed by Qatar and Oman which accounted for ~% and ~% of the total foreign patients respectively.
Bumrungrad Hospital is the leader in Thailand in terms of the foreign patients treated with the market share of ~% in 2010. The hospital treated ~ international patients in 2010 from 190 countries and generated USD ~ million revenues from foreign patients. Piyavate Hospital is the third largest player in Thailand with the market share of ~% in 2010. The hospital treated ~ international patients and generated ~% of the revenue from foreign patients in 2010.
India Medical Tourism industry is the second largest hub after Thailand which served ~ medical tourists and generated USD ~ million medical tourism receipts in 2010. The country is popular for its internationally certified hospitals equipped with latest technology, qualified support staff in the medical centers, cost saving treatment compared to other developed countries (60-80% less cost of treatment as compared to that of the US and the UK), less waiting time, English speaking and qualified staff, availability of private rooms, bespoke food, wellness and several enriching attractions.
Indian medical tourism is a concentrated market with major ~ hospitals serving ~% of the total medical tourist arrivals in India in 2010. Apollo Hospitals, the second largest hospital network in India is the market leader in terms of serving medical tourists. The group served about ~ medical tourists in 2010 contributing the share of ~% to the total medical tourists’ arrivals in India. The company operates a network of 54 hospitals and medical centres with ~ inpatients complement beds. Max Healthcare is the second largest hospital group with ~% market share serving around ~ medical tourists in 2010 through 8 hospitals and medical centres and ~ complement beds.
Singapore has 21 hospitals with JCI accreditation and remains one of the oldest destinations for medical treatment. The affluent class from the countries such as Indonesia and Malaysia visit Singapore for medical treatment.
Cardiology, ophthalmology and oncology are the leading services for which Singapore has achieved specialization. The country also has a booming dental market. Singapore is generally preferred for more intricate medical procedures such as oncology treatment and transplants therefore the country generally caters to the high end medical treatment. Since these procedures are more expensive compared to other treatments, Singapore might register less number of medical patients but earns higher revenue
Malaysia attracts the maximum number of foreign patients from Indonesia. Approximately ~% of the total foreign patients who visited Malaysia for medical treatment were from Indonesia in 2010. It is followed by Singapore which is 2nd largest contributor to the total foreign patients with ~% market share. Around ~ foreign patients treated in Malaysia were Singaporeans in 2010. The country treated around ~ foreign patients from Japan which accounted for around ~% of the total foreign patients in 2010. Other countries which include the US, the UK, Europe and other Asian countries accounted for the rest ~% of the total foreign patients treated in Malaysia.
Out of the total foreign patients visited in South Korea, Seoul with ~ received the maximum number of foreign patients followed by Gyeonggi with ~ patients and Daegu with ~. It is worthwhile to note the number of foreign patients were more in Daegu (~) as compared to Busan (~) and Incheon (~) which posses a better infrastructure than Daegu.
In terms of region, Seoul with Sinchon Severance hospital registered most number of foreign patients. Other leading hospitals in Seoul were Samsung Medical Center, Cheong Shim International Medical Center, Asan Medical Center, Seoul St. Mary's Hospital and Hanyang University Medical Center. Most of the hospitals are located near the capital providing a concentration of medical facilities. In order to promote growth hospitals should be spread out to various regions for overall development of the country.
Key Topics Covered in the Report:
- Number of Foreign Patients and Revenue from Foreign Patients in Asia, Thailand, India, Singapore, Malaysia, Philippines, South Korea, Taiwan
- Number of Medical Tourists and Medical tourist receipts of various countries, 2005-2010
- Foreign Patients by Nationality of various countries, 2010
- Major Drivers and Growth Barriers of Medical Tourism in Asia and other countries
- Competitive landscape of top hospitals treating foreign patients of various countries, 2010
- Future Outlook along with future projections on number of foreign patients treated in the country along with the revenue generated, 2011-2015
- Cause and effect relationship analysis between the market prospects and various industry factors in Asia
- Historical and Projections of Industry Factors including Number of Tourist Arrivals and Receipts, Number of Hospitals, Medical Centers and Clinics along with beds, Inpatients and Outpatients Admissions, Registered Health Personnel and Healthcare Expenditure of various countries, 2005-2015