Argentina witnesses massive growth in medical tourism

Published on : Tuesday, July 25, 2017

medical-tourism-hubMedical tourist inflow from South American countries is one of the reasons for Argentina’s success in the growth of inbound medical tourism, as per the newest statistics. Miguel Cané of the Argentine Chamber of Medical Tourism believes that Argentine medical tourism is growing slowly and steadily.

 
Last year, the country greeted more than 14 000 overseas medical tourists who spent approximately 300 million dollars on various medical services and tourist activities, according to data of the Chamber. However, these figures are particularly for overseas patients that comprise expats living and working in and around Argentina.

 
To note, the most common treatment include curative medicine (48%), cosmetic surgery (34%), and wellness treatment (18%) altogether. The medical practices in maximum demand were – traumatology, cardiology, liposuction, bariatric surgery, dentistry / ophthalmology, breast implants, abdominoplasty, weight management / medical check-ups, and transplants.

 
Among the most oft visited medical tourism destinations, 37% are situated in the Autonomous City of Buenos Aires, 19% are based in the province of Buenos Aires, 15% in Córdoba, 10% in Mendoza, 7% in Santa Fe; the combined total for the rest of the provinces represents 12% of total visits.

 
Besides, 47% of the patients are Latin American, 24% are from the United States and Canada, 22% are European, and the remaining 7% are from other countries. Most of the Latin American patients are from Uruguay, Bolivia and Paraguay.

 
As per the Chamber of Medical Tourism, the hindrances to promote growth are the exchange rate and taxes; “The exemption of VAT for the accommodation expenses of foreign tourists is moving ahead, but it is necessary for us to revise tax charges and for our exports of professional medical services to become like all other VAT exempted exports.”

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