By Sikha Thakur
In recent years health industry has shown an immense growth in medical travel for proper health treatment. Deloitte Center for Health Solutions in a study stated that in 2008 the world medical tourism industry was a whopping US$ 60 billion, which is further estimated to have double digit growth in the years ahead.
Medical Travel is gaining popularity as it hugely depends upon the budget. Western countries are considered expensive for medical treatment, hence in search of budget medical tours people start traveling to developing countries for cost effective treatments.
Budget medical tours boosted medical tourism in developing countries. Developed countries promise high quality infrastructure and low budget medical travel. Taking into account that the medical tourism gained a value of US$46.46 billion in 2016, it’s expected that CAGR (Company Annual Growth Report) for medical tourism will be 14.9 per cent for the period of 2017-2025.
Cosmetology, Dentistry, Cardiology, Orthopedic surgery, Neurology and Oncology are the most popular in medical tourism market. These types of surgeries and health check-ups are operated in world-class facilities with an access of latest technologies and personalized service. Asia Pacific, Eastern and Western Europe, North and South America are popular medical tourism countries based on geographical configuration.
Besides providing quality treatment at affordable rates, the concept of Medical Tourism also offers an opportunity to visit exotic destinations. With relaxing treatment, hence easy recovery with mental peace in the exotic atmosphere makes the healing process comfortable.
Global Medical travel is accepted to show an immense growth in 2014-2020 in Asian countries. Budget medical tour will play a key role in tourism market. International accreditation along with specialized medical facilities is the driving factor for globalization of medical tourism. In a recent study by the U.S Joint Commission International (JCI) nearly 600 medical departments and hospitals across the globe are accredited. This study also projects 20 per cent market growth every year.