The cost of medical treatment (85%) and state-of-the-art technology (83%) were the most important factors in the patients decision to travel abroad for treatment
A 2013 MTA Medical Tourism Patient Survey found that Latin America and Asia are the two leading regions for medical travel.
A 2013 MTA Medical Tourism Patient Survey found that Mexico and India respectively have the highest demand for medical tourism.
Nearly 80% of the demand for medical travel is driven by cost savings.
Medical tourism refers to people traveling to a country other than their own to obtain medical treatment. In the past this usually referred to those who traveled from less-developed countries to major medical centers in highly developed countries for treatment unavailable at home.However, in recent years it may equally refer to those from developed countries who travel to third-world countries for lower priced medical treatments. The motivation may be for medical services unavailable or illegal in the home country.
Medical tourism is a growing sector in India. India is becoming the 2nd medical tourism destination after Thailand. India’s medical tourism sector was expected to experience an annual growth rate of 30% from 2012, making it a $2 billion industry by 2015. As medical treatment costs in the developed world balloon – with the United States leading the way – more and more Westerners are finding the prospect of international travel for medical care increasingly appealing. An estimated 150,000 of these travel to India for low-priced healthcare procedures every year. Cosmetic surgery, bariatric surgery, knee cap replacements, liver transplants, and cancer treatments are some of the most sought out medical tourism procedures opted by foreigners.
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