As healthcare turns costlier in developed countries, India’s medical tourism market is expected to more than double in size from USD 3 billion at present to around USD 8 billion by 2020, a report says.
According to a CII – Grant Thornton white paper, cost is a major driver for nearly 80 per cent of medical tourists across the globe. The cost-consciousness factor and availability of accredited facilities have led to emergence of several global medical tourism corridors
Globally Medical Tourism is USD 18 Bn Industry as on 2016 and expected to be USD 32 Bn Industry by 2019
Cost effective is the 80% reason for undertaking Medical Tourism. Moreover, health insurance portability, medical specialization, geographic contiguity and the country’s reputation regarding medical care are the reason for inducing country’s medical tourism industry.
Problems in local follow-up care before patients return to their own country, problems with medical record transfer and the patients’ unwillingness to take risks are the reason for restraining the growth of the Medical tourism industry.
With 2 of Indian Hospitals making mark on Top 10 Hospitals in the World has virtually made India a favourite Medical Tourism destination
Any medical tourism is based on the 10 pillars of
• COST EFFECTIVENESS
• DIGITAL TECHNOLOGY
Technology has brought the Globalization of Healthcare and created a very flat world. We exchange Technology, Information, Communication, Physicians and Patients. In order to ensure Patient safety, it is our goal to create a transparency about the quality of healthcare that can be found in each country.
Treatments Undertaken through Medical Tourism
Holistic healing and health Rejuvenation
Geographic Distribution of Medical Tourism
10. South Korea
Top 4 Destinations in the World are in ASIA. Which are taking almost 62 % Business of Medical Tourism from the world
Countries generating Patients for Medical Tourism In India are Middle East, Pakistan, Bangladesh, Nigeria, Sudan, Congo, Brazil and part of Europe.
Proper Guidance – Mostly managed by Touts or Consultants and part of network Hospitals
Medical Visa ( Mvisa and MxVisa ) – 2 weeks to 4 weeks
Allied Services – 2nd Opinion, Attended Comfort, Drug regulation, Post Surgical Support, & Re-consulting
No end – if not HIGH END – Patients are cheated and fleeced if not routing through proper channel and specially when they are not getting treated at HIGH END Hospitals, who charge a bomb for treatment due to Big name and Infrastructure.
Online Mediconsulting.com innovation to bridge gap between Patient and Treat through two way video call facility between Doctor and Patient, Patient and Hospital before taking up Medical Tourism has made Virtual World Connect the Real Experience
It save cost and time, assure patient before landing on the right choice of doctor to hospital to allied services to hassle free Medical Tourism
Allied services given through portal will induce the patient experience and comfort and valuable boost to Indian Medical Tourism Industry.
Online Mediconsulting.com provides an opportunity for any Patient across to globe to raise its concern, get clarification and professional advice on Medical Tourism, right from Visa support to drop at airport and post-surgical care / advise through Video call.
This portal provides the comparative of Treatment cost at various hospitals at its panel, for same treatment resulting full transparency on cost range.
A patient have choice to look at Cost of treatment Vs Treatment at Particular hospital Vs same Treatment at different hospital of equal repute.
Medical Tourism Facts
64% of patients that travelled abroad for care did not have health insurance.
Almost 70% of patients rated their medical care as excellent.
33% of patients travelled abroad for cosmetic surgery.
Almost 85% of US patients found they received more personalized medical care than in the US
Almost 86% of US patients said they would travel again overseas for medical care
Nearly 27% of patients had previously travelled to a foreign country to receive medical care, most were female, all were between ages 45 and 64Nearly
80% of the demand for medical travel is driven by cost savings.
Medical tourists spend between $7,475 and $15,833 per medical travel trip.
48% of respondents would be interested in engaging in medical tourism again at some point in the future.
The cost of medical treatment (85%) and state-of-the-art technology (83%) were the most important factors in their decision to travel abroad for treatment.
Source – Medical Tourism Stats