, Delhi India (PressExposure) June 23, 2008 -- RNCOS has recently added a new Market Research Report titled, "Asian Medical Tourism Analysis (2008-2012)â to its report gallery. The report provides an insight into the Asian medical tourism market. The past, present and future potential of the five biggest Asian markets - India, Thailand, Singapore, Malaysia and Philippines - have been analyzed, and both statistics and trends regarding market size, tourist arrivals, infrastructure, accreditations, cost and success and risk factors have been thoroughly discussed in the report.
Asia represents the most potential medical tourism market in the world. In 2007, the region generated revenues worth US$ 3.4 Billion, accounting for nearly 12.7% of the global market. The report draw the fact that the ageing population, particularly in the developed world, is increasing rapidly, putting an extra demand on an already overburdened health infrastructure, thus creating huge opportunities in the Asian medical tourism market.
The report also acknowledges the fact that the five Asian markets covered have vast differences in terms of cost, infrastructure, human resources, patient perceptions, competencies and level of government support. Thus, it provides valuable information to clients looking to venture into these markets and helps them to devise strategies while going for an investment/partnership in these markets.
For the purpose of this report, the Asian medical tourism market has been defined as the aggregate of medical tourism markets in Thailand, Singapore, India, Malaysia and Philippines.
- More than 2.9 Million patients visited Thailand, India, Singapore, Malaysia and the Philippines for medical tourism in 2007. - Thailandâs low cost and scenic beaches have enabled it to become the largest medical tourism market in Asia; however, an unstable political environment and occurrence of another epidemic such as bird flu can restrain its growth. - Healthcare costs are considerably high in Singapore as compared to other Asian destinations. The country, however, boasts of an infrastructure and resources that in some cases are even better than those in the west. - India, with its low cost advantage and emergence of several private players, represents the fastest growing market. The countryâs questionable sanitary perceptions in the west are, however, a major roadblock for growth. - Malaysia and Philippines, both relatively new players in the medical tourism market, are expected to grow strongly in the next five years. - A number of employers and health insurance firms in developed countries have now started looking at medical tourism to reduce their surging healthcare expenditure. - The Asian medical tourism market is expected to grow at a CAGR of 17.6% between 2007 and 2012.
Key Issues & Facts Analyzed
- Evaluation of past, current and future market trends. - Market study by segment and country. - Discussion about the major drivers of the Asian medical tourism market. - Analysis of the opportunities created by the market. - Analysis of the major challenges faced by the market. - Competitive landscape of the market.
Key Players Analyzed
This section provides the overview and key facts of prominent players in the Asian medical tourism markets, such as Apollo, Bumrungrad, Raffles, Parkway Health and St. Lukeâs Medical Center.
Research Methodology Used
Information Sources Information has been sourced from books, newspapers, trade journals, and white papers, industry portals, government agencies, trade associations, monitoring industry news and developments, and through access to more than 3000 paid databases.
Analysis Methods The analysis methods include ratio analysis, historical trend analysis, and linear regression analysis using software tools, judgmental forecasting, and cause and effect analysis.
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