According to the recent RNCOS report, Asian Medical Tourism Analysis (2008-2012), the Asian medical tourism sector has increased the number of visitors and revenues on an annual basis for the past few years. Fueling the demand is the cost effectiveness, well-skilled medical professional and tourism. India is a key destination and received 650,000 medical tourist and generated US $1160 Million in revenues in 2009. Other countries in the region , including Thailand, Malaysia, South Korea, the Philippines, and Singapore are also experiencing growth. This report projects that medial tourism numbers in Asia will increase by CAGR of around 16% during 2010-2012.
MedVoy already has partners in these countries and is also traveling to South Korea next month to visit hospitals. As always, we will keep you informed of what we learn in order to help you get the best access to global healthcare.