Medical Tourism - Healthbase - US Flag 1-888-691-4584
Medical Tourism - Healthbase - World 1-617-418-3436
 Login       Healthbase - Get Free Quote - button

Home arrow News arrow Latest arrow Is medical tourism small?
Is medical tourism small?

IS MEDICAL TOURISM SMALL? 

The number of people traveling the globe for medical treatment likely is far lower than commonly assumed, but there remains potential for huge growth in the industry, according to a study by consulting firm McKinsey & Co.

Just 60,000 to 85,000 patients a year travel to another country expressly for inpatient hospital care each year, according to the study. Moreover, most aren't seeking low-cost care in the developing world, the phenomenon that has garnered considerable attention lately. Instead, many of the medical tourists seek the latest treatments available in the U.S. and other industrialized countries.

The consulting firm analyzed the behavior of nearly 50,000 patients using data from unidentified hospitals around the world, as well as government travel records and other information. The researchers also interviewed patients and hospital officials. They estimate the sample amounted to 60% to 80% of the world-wide market.

The figure contrasts sharply with those often used by medical-tourism marketers -- one said Asia attracts 1.3 million medical tourists a year -- and anecdotal accounts. "There's been an enormous amount of hype," said Paul Mango, who heads McKinsey's health-care practice. However, he noted that the report estimates that the eventual market for Americans seeking cheaper care abroad at perhaps 710,000 procedures a year.

The Medical Tourism Association , a trade group in West Palm Beach, Fla., that represents hospitals, travel agents and brokers, among others, avoids trying to quantify the industry's size precisely because there is no consistent definition of medical tourism, said Chief Operating Officer Renee-Marie Stephano. And, citing the complexity of collecting comprehensive data, she cautioned that McKinsey's numbers are likely to be similarly flawed because they involve only a sample of facilities and look at hospital admissions. "A large portion of the medical-tourism industry is based in cosmetic procedures and dental care, which are not performed in hospitals," Ms. Stephano said.

To arrive at its estimate, Mr. Mango's team focused on patients traveling expressly for inpatient hospital care and excluded several categories that the consultants said were commonly included in higher estimates. Those include expatriates seeking treatment in the countries where they live, tourists seeking unexpected medical attention, and some patients traveling short distances across borders for care not available nearby in their own country.

..... 

By THEO FRANCIS

 

More on this story at "The Wall Street Journal"

 

Log in or register to Healthbase to get FREE quotes for any medical , dental or cosmetic procedure at  leading international healthcare providers overseas

 
< Prev   Next >
Click here to register and get quote
Trusted Source for Medical Tourism and Dental Tourism

Medical Tourism in Singapore | Medical Tourism in India | Medical Tourism in Thailand | Medical Tourism in Mexico | Medical Tourism in Turkey

Healthbase is the trusted source for global medical choices, connecting patients to leading healthcare facilities overseas. Healthbase's state-of-the-art, easy to use, information rich web-based system helps you research and arrange your medical care including necessary travel and accommodation, all at one place. We arrange first class services for patients at major internationally accredited hospitals in Singapore, Thailand, India, Mexico, Panama, Turkey, Costa Rica, Hungary and expanding to Argentina, Brazil and Malaysia. The cost of surgical care at our ever growing network of affiliated institutions is typically a fraction of the cost of care in the U.S. with equal or superior outcomes.
Healthbase's Dental Tourism provides a wide range of dental procedures through its partner dental offices and hospitals network in Mexico, Panama, Thailand, Singapore and India.
Over two hundred medical, dental and cosmetic procedures are available in various categories: Orthopedic procedures such as hip replacement, Birmingham hip resurfacing, artificial knee replacement, knee surgery, cosmetic procedures such as breast augmentation, face lift, rhinoplasty (nose surgery), liposuction, dental procedures such as bridges, implants, crowns, and procedures in categories such as cardiac, vascular, spinal, obesity, eye, LASIK, urology, general surgery, plastic surgery, laparoscopic surgery, weight-loss surgery, wellness and much more. The savings are up to 80% from typical USA prices.

Medical Tourism is the act of traveling abroad to receive medical, dental and cosmetic care. Medical Tourism is also called as Medical Travel, Health Tourism, Health Travel and Medical Value Travel. Significantly lower costs for best practice care is usually the primary motivation although some medical tourists go abroad for immediate availability of procedures and unavailable treatments. Patients frequently take advantage of the opportunity to vacation and tour inexpensively in the country they are visiting.
Note: All medical procedure information presented here has been obtained from publicly available medical resources and is here for reference purposes only. Healthbase does not claim to be a medical professional and does not provide any advice on any issues relating to medical treatment.
© 2008 Healthbase Online Inc
Healthbase Medical Tourism Resources Site