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Medical tourism grows exponentially

January 21st, 2008 · 1 Comment

Medical tourism is a recognized industry in the west. When Information Technology, manufacturing and technical support jobs went eastward, nobody even bothered to think that healthcare might take the same road somebody. But it did. And that’s good news for countries like India, Malaysia, Thailand and Philippines.

Medical care in these Asian countries cost just one-tenth of the costs in U.S.A. No wonder 50,000 Americans traveled abroad for medical care in 2006. Surgical care and dental treatment top the list of health care needs of people from America and U.K. Several of the hospitals in these countries boast state-of-the-art facilities, skilled medical professionals and medical care on par with western countries.

Insurance companies in the U.S.A. have started to recognize this form of medical care in another country as a viable alternative to high-cost medical care in the U.S. The Economic Times has a report that suggests that western insurance companies are considering covering medical tourism, as well. If one tenth of Americans travel abroad for treatment, the insurance companies could save around $1.4 billion. The report recommends that companies should consider offering SOP’s like lowered premiums or added services to boost medical tourism as it improves their bottom-line, eventually. This would again be a great impetus for medical tourism in countries like India.

Tags: medical tourism market · scope of medical tourism

1 response so far ↓

  • 1 Daniel // Jan 23, 2008 at 5:33 am

    The lowest dental treatment abroad prices within the EU can be found in Slovakia, which borders, poland, hungary, czech and austria. The leading cosmetic clinic there is http://www.dentalholiday.co.uk in piestany spa, the specialize in implants, crowns and veneers. Their staff are British.

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