Asian Medical Tourism Analysis (2008-2012)

• Publication date: July 2011

Medical tourism is the new buzzword in the tourism industry around the globe as it helps in enhancing the revenue portfolio of various other associated sectors. Medical tourism has emerged as one of the fastest growing segments of the Asian tourism industry. The cost of medical treatments in developed countries, particularly in the US and the UK, has been significantly high, which has prompted the patients from these regions to visit cost effecti...

Medical tourism is the new buzzword in the tourism industry around the globe as it helps in enhancing the revenue portfolio of various other associated sectors. Medical tourism has emerged as one of the fastest growing segments of the Asian tourism industry. The cost of medical treatments in developed countries, particularly in the US and the UK, has been significantly high, which has prompted the patients from these regions to visit cost effective destinations. Moreover, growth in wellness tourism in Asian countries is supporting the medical tourism industry. Presently, although medical tourism in the region is at its nascent stage, it holds enormous potential for future growth and development.

As per our new research report “Asian Medical Tourism Analysis (2008-2012)”, the Asian medical tourism industry revenue is projected to grow at a CAGR of over 20% during 2010-2013. Asian countries, such as India, Malaysia, Singapore, and Thailand have been pouring investments into their healthcare infrastructure to meet the demand for supreme quality-assured medical care through first-class facilities and highly trained medical specialists, including tertiary hospital care.

The Asian medical tourism industry has been growing at a double-digit growth rate for the past few years. Thailand, India, and Singapore dominated the region’s medical tourism industry, with a combined market share of over 89% in 2010. However, our research foresees India to emerge as one of the fastest growing medical tourism industries, accounting for around 38% of the region’s medical tourism industry by 2013. In this regard, we have done an in-depth analysis of key factors driving growth in the country’s medical tourism industry.

Our report “Asian Medical Tourism Analysis (2008-2012)” provides comprehensive research and unbiased analysis of the current market performance and future outlook of the key Asian medical tourism markets – Thailand, Singapore, India, Malaysia, the Philippines, and South Korea. It acknowledges the fact that, the six Asian markets covered in the report have vast differences in terms of cost, infrastructure, human resources, patient perceptions, competencies, and level of government support. Each of the fact has been thoroughly studied in the report. The report provides valuable information to clients looking to venture into these markets and helps them in devising strategies.

Medical Facility Industry in Malaysia

1. Analyst View
2. Market Trends
2.1 Cosmetic Surgery Treatments on Rise
2.2 Government Promoting the Sector
2.3 Growing Spa Market
2.4 Focus on Developed Countries
3. Market Drivers
3.1 Health Infrastructure
3.2 Cost and Waiting Time
3.3 IT and Internet
3.4 Accreditations
3.5 Medical Tourism Facilitators
3.6 Linkage between Players and Providers
4. Asian Medical Tourism Market
4.1 Market Analysis
4.1.1 Cardiac Procedure
4.1.2 Orthopedic Procedure
4.1.3 Neurological and Spinal Surgery
4.1.4 Cosmetic Surgery
4.1.5 Dental Treatment
4.1.6 Wellness Tourism
4.1.6.1 Spa Massage
4.1.7 Others
5. Asian Medical Tourism Destination Analysis
5.1 Thailand
5.1.1 Market Analysis
5.1.2 Spa Market
5.1.3 Success and Risk Factors
5.2 Singapore
5.2.1 Market Analysis
5.2.2 Success and Risk Factors
5.3 India
5.3.1 Market Analysis
5.3.2 Spa Market
5.3.3 Success and Risk Factors
5.4 Malaysia
5.4.1 Market Analysis
5.4.2 Spa Market
5.4.3 Success and Risk Factors
5.5 Philippines
5.5.1 Market Analysis
5.5.2 Spa Market
5.5.3 Success and Risk Factors
5.6 South Korea
5.6.1 Market Analysis
5.6.2 Spa Market
5.6.3 Success Factors
6. Market Outlook to 2013
7. Key Players
7.1 Apollo Hospitals Enterprise Ltd.
7.2 Bumrungrad Hospital Public Co. Ltd.
7.3 Parkway Health
7.4 Raffles Medical Group
7.5 St. Luke's Medical Center

List of Figures:

Figure 4-1: Asia - Average Daily Spending of Medical Tourist in Comparison to General Tourist (US$)
Figure 4-2: Asia - Medical Tourism Market by Country (%), 2010
Figure 4-3: Asia - Medical Tourist Arrivals by Country (%), 2010
Figure 4-4: Global - Most Preferred Spa Destinations (%)
Figure 4-5: Global - Most Preferred Spa Destinations for Next Visit (%)
Figure 4-6: Global - Main Reasons for Visiting Spas (%)
Figure 4-7: Global - Favorite Treatments taken by Spa Consumers (%)
Figure 5-1: Thailand - Medical Tourist Arrivals (Million), 2009-2013
Figure 5-2: Thailand - Medical Tourist Arrivals by Country (%), 2008
Figure 5-3: Thailand - Medical Tourism Market (Billion THB), 2009-2013
Figure 5-4: Thailand - Spa Earnings (Billion THB), 2008-2012
Figure 5-5: Thailand - Number of Certified Spa Centers by Type
Figure 5-6: Thailand - Number of Certified Spa Centers by Region
Figure 5-7: Thailand - Spa Visits by Destination (%)
Figure 5-8: Singapore - Medical Tourist Arrivals (‘000), 2009-2013
Figure 5-9: Singapore - Medical Tourism Market (Million S$), 2009-2013
Figure 5-10: India - Medical Tourist Arrivals (‘000), 2010-2013
Figure 5-11: India - Medical Tourism Market (Million US$), 2010-2013
Figure 5-12: Malaysia - Medical Tourist Arrivals by Country (%), 2009
Figure 5-13: Malaysia - Medical Tourist Arrivals (‘000), 2010-2013
Figure 5-14: Malaysia - Medical Tourism Market (Million RM), 2010-2013
Figure 5-15: Malaysia - Number of Spa Centers (2006, 2007 & 2011)
Figure 5-16: Philippines - Medical Tourist Arrivals (‘000), 2009-2013
Figure 5-17: Philippines - Medical Tourism Market (Million US$), 2009-2013
Figure 5-18: South Korea - Medical Tourist Arrivals (‘000), 2009-2013
Figure 5-19: South Korea - Medical Tourism Market (Million US$), 2009-2013
Figure 5-20: South Korea - Number of Doctors (2007, 2008 & 2013)
Figure 5-21: South Korea - Number of Hospital Beds (2007, 2008 & 2013)
Figure 6-1: Asia - Medical Tourism Market (Billion US$), 2010-2013
Figure 6-2: Asia - Forecast for Medical Tourism Market by Country (%), 2013
Figure 6-3: Asia - Medical Tourist Arrivals (Million), 2010-2013
Figure 6-4: Asia - Forecast for Medical Tourist Arrivals by Country (%), 2013

List of Tables:

Table 3-1: US, India & Thailand - Cost of the Complex Treatments (US$)
Table 3-2: US & UK - Approximate Waiting Period with Nature of Treatment (Months)
Table 4-1: Cost Comparison of Various Surgical Procedures among Key Countries (US$)
Table 4-2: India - Cost of Cardiac Procedures in Comparison to Other Countries (US$)
Table 4-3: India - Cost of Orthopedic Procedures in Comparison to Global Average (US$)
Table 4-4: India - Cost of Neurological and Spinal Surgical Procedures in Comparison to Global Average (US$)
Table 4-5: India - Cost of Cosmetic and Plastic Surgical Procedures in Comparison to US (US$)
Table 4-6: India - Cost of Dental Treatments in Comparison to US (US$)
Table 4-7: Asia-Pacific - Number of Spas
Table 4-8: India - Cost of Gastric Procedures in Comparison to US/Canada (US$)
Table 4-9: India - Cost of Arthroscopic Procedures in Comparison to US/Canada (US$)
Table 4-10: India - Cost of Breast Procedures in Comparison to US/Canada (US$)
Table 4-11: India - Cost of Transplant Procedures in Comparison to Mexico (US$)
Table 5-1: Thailand - Major Private Hospitals Serving Foreign Patients
Table 5-2: Thailand - Cost of Various Surgical Procedures in Comparison to US (US$)
Table 5-3: Asia - Number of Hotel/Resort Spas by Country (2007 & 2012)
Table 5-4: Thailand - Number of Spa Visits by Destination
Table 5-5: Singapore - Cost of Various Surgical Procedures in Comparison to US (US$)
Table 5-6: Singapore - Healthcare Medical Staff (2008 & 2009)
Table 5-7: Singapore - Medical Infrastructure (2008 & 2009)
Table 5-8: India - Cost of Different Treatments in Comparison to Developed Countries (US$)
Table 5-9: India - Healthcare Infrastructure
Table 5-10: India - Cost of Accommodation (US$)
Table 5-11: India - Medical Infrastructure by Medicinal System
Table 5-12: Philippines - Number of Registered Health Professionals
Table 5-13: Philippines - Cost of Various Surgical Procedures in Comparison to US (US$)
Table 7-1: Apollo Hospitals Enterprise Ltd. - Strengths & Weaknesses
Table 7-2: Bumrungrad Hospital Public Co. Ltd. - Strengths & Weaknesses
Table 7-3: Parkway Health - Strengths & Weaknesses
Table 7-4: Raffles Medical Group - Strengths & Weaknesses
Table 7-5: St. Luke's Medical Center - Strengths & Weaknesses

Hospital in Malaysia

Malaysia Doctors, Per `000 Population

• $ 250
• Industry data
• January 2013

Yearly, From January 01, 2007 To January 01, 2007
By Business Monitor International
Source: Department of Statistics Malaysia, World Health Organization (WHO), Ministry of Health (MoH), BMI

• Industries : Medical Facility
• Countries : Malaysia