Medical tourism is a booming industry dominated by Asian countries including India, Thailand and Singapore. India alone saw 2.5 million medical tourists in 2012 and one Thailand hospital serves 400,000 patients annually. This trend shows no signs of abating. According to Transparency Market Research, in 2012 the global medical tourism market was $10.5 billion and is estimated to reach $32.5 billion by 2019. Scarcity of medical resources, improved communication between countries, globalization of health care, internet marketing and ease of travel have also boosted the industry.
All Employee Benefit News articles are archived after 7 days. REGISTER NOW for unlimited access to all recently archived articles, as well as thousands of searchable stories. Registered Members also gain access to exclusive industry white paper downloads, web seminars, podcasts, e-books, blog discussions, the iPad App, and conference discounts. Qualified members may also choose to receive our free monthly magazine for benefits professionals and any of our e-newsletters covering the latest breaking news, opinions from industry leaders, developing trends and product updates.