Market Trends of Asia-Pacific Medical Tourism Industry
Increasing Demand for Affordable Healthcare (Oncology, Cardiovascular Diseases, and Cosmetic Surgery) is Driving the Market
With the rising healthcare costs in developed countries, medical tourism is becoming an attractive option for patients seeking affordable healthcare. Medical tourists from developed countries can save up to 90% on medical expenses by traveling to developing countries for treatment. One of the main drivers of the market's expansion is the flourishing medical industry around the world. Patients choose medical migration more frequently due to the high costs of treating chronic illnesses in many affluent countries. Additionally, patients worldwide are drawn to the advanced medical facilities offered at reasonable prices in several developing nations. To stimulate the market, healthcare facilities are offering people better healthcare, cutting-edge medications, modern equipment, and individualized treatment.
Rising awareness regarding medical tourism among patients and the growing ease and availability of advanced treatment options in the Asia-Pacific region is contributing to the growth of the Asia-Pacific medical tourism market. Emerging countries in the region emphasize developing advanced healthcare infrastructure while minimizing costs. For instance, Japan is considered the most preferred place for oncology treatments owing to its specialty in heavy particle radiotherapy & regenerative medicine, and robot-assisted surgeries. The most common medical treatments sought by medical tourists in Japan include cancer treatments, orthopedic procedures, cardiovascular surgery, and regenerative medicine
India Medical Tourism Market includes the Highest Revenue
Recently, India became a popular destination for medical tourism, with a growing number of international patients coming to the country for various medical treatments. Medical tourism refers to traveling to a foreign country for medical treatment, usually cheaper than in their home country. The country includes several advantages that make it an attractive destination for medical tourism. First and foremost, the country includes many highly qualified and skilled medical professionals trained in some of the best medical institutions in the world. Additionally, medical treatments in India are generally more affordable than in many developed countries without compromising the care quality.
India is well-known for its advanced medical technology and modern hospitals with the latest medical equipment and facilities. It, coupled with the country's rich cultural heritage and tourist attractions, makes it an appealing destination for medical tourists seeking high-quality medical care and a unique travel experience. Some of the most common medical treatments sought by medical tourists in India include heart surgery, orthopedics, fertility treatments, cosmetic surgery, and alternative medicine. Recently, India emerged as a leading destination for COVID-19 treatments and vaccines.
