Published on : Friday, September 13, 2019
According to a new research study published by Global Market Insights, Inc high cost of medical procedures in developed regions will increase the preference for treatment in developing countries stimulating the global medical tourism industry in the years to come. It is expected that the Global Medical Tourism Market will cross USD 30 billion by 2025.
Medical tourists will be attracted to destinations due to the availability of comprehensive healthcare solutions and presence of revolutionary technology in developing regions at low cost.
Majority of the Americans prefer Brazil, Thailand and other developing countries for cosmetic surgery and cardiovascular treatment because of the affordable healthcare.
Medical tourism market in Thailand is expected to exceed USD 500 million by 2025 which will be due to its unique hospitality and internationally accredited hospitals. Advanced dental surgery, dermatological and cosmetic procedures are carried out well here.Over the forthcoming years affordable price will help in industry growth.
There is a profitable growth opportunity at 11.3% in the Indian markets which is mainly credited to the rising number of medical tourists availing medical treatments.
The business growth is driven by the development of healthcare infrastructure, presence of technologically advanced techniques.
Due to the availability of high quality medical treatment treatment at significantly low cost compared to the developed economies wit high success rate will boost the medical travel.
Medical Tourism Association is the first international non-profit association for medical tourism and global healthcare which aims at raising awareness among the general public regarding a high level of quality healthcare options present in the country.
Several countries have their own governing authorities ensuring the quality of treatment procedures to safeguard the medical tourists’ health and providing favouring business growth.
Tags: medical tourism