Changing Landscape in MVT

Asian countries will observe robust growth in medical tourism due to increase in quality services and technological advancement in the medical sector

Medical tourism

Medical tourism takes place when people prefer travelling to another country apart from their own, to get medical treatments. Recently, this term mainly refers to people who travel from developed countries to less-developed or developing countries due to low price in medical treatments. Most of the times, medical tourism takes place in cases where surgical, dental and medical care are required which is received better than their own country. There is also ‘domestic medical tourism’ wherein people travel from one state to the other to receive surgical, medical
and dental care. Precisely, patients happen to travel due to high quality of healthcare, access of better care and
mainly affordability.

According to an ongoing study by Future Market Insights, the analysts found out that there is increase in international patient flow and demonstrable achievements and ever-evolving innovation in developing countries. A few prominent centers for medical tourism include Malaysia, Singapore, India and Thailand, etc. The study projects, by the end of 2020, the Asian countries will observe robust growth in medical tourism due to increase in quality services and technological advancement in the healthcare and medical sector. Further, the study observes that Asklepios Klinik Barmbek (Germany), KPJ Healthcare Berhad (Malaysia), Fortis Healthcare (India), Bangkok Hospital (Thailand), Raffles Medical Group (Singapore), Min-Sheng General Hospital (Taiwan), Prince Court Medical Centre (Malaysia), Asian Heart Institute (India), Anadolu Medical Centre (Turkey), Wooridul Spine Hospital (Korea), Bumrungrad International Hospital (Thailand), Clemenceau Medical Centre (Lebanon), Samitivej Sukhumvit Hospital (Bangkok), Gleneagles Hospital (Singapore) and Apollo Hospitals (India) are the key players in the global medical tourism market, with majority of them located in Asian countries. Amongst these, Gleneagles Hospital has recently made news for its development in medical tourism. According to a recent news, Mugabe visited Gleneagles Hospital for the first time since ouster for a medical check-up. Robert Mugabe, the former president of Zimbabwe visited Gleneagles Hospital in Singapore during a trip for a medical check-up. After getting ousted from his power, he was seen for the first time in public. It was learned that the medical check-up was a part of the package that he received to travel overseas as a retired president. Currently, he is experiencing frail health and has been reportedly fought prostate cancer. Mugabe has been visiting Singapore several times in the recent years for undisclosed medical issues.

In addition to Singapore, India is also famous for specialist cardiac surgeries. While Singapore is considered as the most popular destination for medical tourism due to its expertise in complex surgical procedures, the demand for medical tourism is also surging in other parts of Asia. Since 2006, Thailand has been one of the most preferred centers for cosmetic surgery. Malaysia offers modern medical treatments and infrastructure along with highly qualified and skilled professionals. The center also offers economically affordable treatment alternatives
as well as favorable Government initiatives. Due to such eventualities, the expansion of the global medical tourism market will continue to remain concentered in the Asia Pacific region.