RNCOS Releases a New Report-Asian Medical Tourism Analysis (2008-2012)

Released on: June 23, 2008, 4:06 am

Press Release Author: Shushmul Maheshwari

Industry: Healthcare

Press Release Summary: RNCOS has recently added a new Market Research Report titled,
\"Asian Medical Tourism Analysis (2008-2012)\" to its report gallery. The report
provides an insight into the Asian medical tourism market, with Asia representing
the most potential medical tourism market in the world.

Press Release Body: RNCOS has recently added a new Market Research Report titled,
\"Asian Medical Tourism Analysis (2008-2012)” 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

Key Findings

- More than 2.9 Million patients visited Thailand, India, Singapore, Malaysia and
the Philippines for medical tourism in 2007.
- Thailand’s 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 country’s 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.
Luke’s 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.

About RNCOS:

RNCOS, incorporated in the year 2002, is an industry research firm. It has a team of
industry experts who analyze data collected from credible sources. They provide
industry insights and analysis that helps corporations to take timely and accurate
business decision in today\'s globally competitive environment.

For more information visit: http://rncos.com/Report/IM105.htm
Current Industry News: http://www.rncos.com/Blog/

Web Site: http://www.rncos.com

Contact Details: 29, 1st Floor, Patparganj Industrial Area, Delhi 92

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