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Medical Tourism Market Report: 2014 Edition
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Date: 03, July 2014 | Pages: 59
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Medical treatment abroad, also called ‘medical tourism’, is a booming international industry where patients seek healthcare services from sources outside their country. Usually every type of medical treatment is available abroad with over 50 countries identifying as destinations in medical tourism. Medical tourism is a high-value sector that generates revenue for multiple industries. Given the lucrative potential fees, more governments are dedicating resources to boost the sector in their respective countries.


Medical tourists are presently traveling to faraway countries for cosmetic surgery, dental procedures, bariatric surgery, assisted reproductive technology, ophthalmologic care, orthopaedic surgery, cardiac surgery, organ and cellular transplantation, gender reassignment procedures, and even executive health evaluations.


The report cites that rise in healthcare costs, long wait times, an ageing population, and increasing demand for cosmetic and dental surgery not covered by insurance in developed countries, coupled with the availability of high quality, low cost medical services in developing countries are the key drivers for the rise in medical tourism industry. Patients travelling abroad can save upto 85% of the cost of a procedure by travelling abroad. The world’s top four medical tourism destinations: Thailand, Singapore, India and Malaysia are seeing a steady increase in medical tourists every year. India is one of the lowest cost and highest quality medical tourism destination. It offers low-cost cardiovascular and orthopedic procedures, at about one-tenth the cost of similar surgeries in the US.


The report “Medical Tourism Market: 2014 Edition” analyzes the development of the medical tourism market globally. The global market as well as emerging markets including Thailand, Singapore, Malaysia, India, Korea and Turkey are being discussed in the report. The major trends, growth drivers as well as issues being faced by the industry are being presented in this report. The five major players in the industry, Bumrungrad Hospital Public Company Limited, IHH Healthcare Berhad, Raffles Medical Group, Bangkok Dusit Medical Services and KPJ Healthcare Berhad, are being profiled, along with their key financials and strategies for growth.

 

1. Market Overview

 

1.1 Medical Tourism Industry Structure

 

2. Medical Tourism - Market Size

 

2.1 Global Medical Tourism Market

2.2 Asian Medical Tourism Market
-Market Value
-Foreign Patients Inflow

 

2.2.1 Thailand
-Market Value
-Foreign Patients Inflow
-Breakdown by Procedures

 

2.2.2 Singapore
-Market Value
-Foreign Patients Inflow
-Foreign Patients by Nationality

 

2.2.3 Malaysia
-Market Value
-Foreign Patients Inflow
-Foreign Patients by Nationality

 

2.2.4 India
-Market Value
-Foreign Patients Inflow
-Foreign Patients by Nationality
-Breakdown by Procedures

 

2.2.5 Korea
-Market Value
-Foreign Patients Inflow
-Foreign Patients by Nationality
-Breakdown by Procedures

 

2.2.6 Turkey
-Market Value
-Foreign Patients Inflow

 

3. Market Dynamics

 

3.1 Key Trends

 

3.1.1 International Certification
3.1.2 Government Initiatives
3.1.3 Merger, Collaboration & Expansion
3.1.4 Patient Arrival Trend
3.1.5 Forecast for Leading Destinations
3.1.6 Services Offered by Providers
3.1.7 Sri Lanka: Emerging Market for Medical Tourism


3.2 Growth Drivers

3.2.1 Global Aging Population
3.2.2 Improving Global GDP
3.2.3 Lower Costs in Developing Countries
3.2.4 Long Waiting Periods in Home Country
3.2.5 Zealous International Tourism/Travel Industry
3.2.6 Better Technology and Wider Treatment Options

 

3.3 Challenges

 

3.3.1 Quality Issues
3.3.2 Communication Barriers
3.3.3 Safety and Health Risks
3.3.4 High Market Sensitivity to Economic and Other Market Factors

 

4. Competitive Landscape
-Market Share of Private Healthcare

 

4.1 Singapore
4.2 Malaysia
4.3 Turkey

 

5. Company Profiles

 

5.1 Bumrungrad Hospital

 

5.1.1 Business Overview
5.1.2 Financial Overview
5.1.3 Business Strategies
-Intelligent Expansion
-Infrastructure Upgradation

 

5.2 Raffles Medical Group

 

5.2.1 Business Overview
5.2.2 Financial Overview
5.2.3 Business Strategies
-Grow One-Stop Centers
-Regional Expansion


5.3 IHH Healthcare Berhad

 

5.3.1 Business Overview
5.3.2 Financial Overview
5.3.3 Business Strategies
-Strategic Investments
-Pursue Partnerships & Collaborations


5.4 Bangkok Dusit Medical Services

 

5.4.1 Business Overview
5.4.2 Financial Overview
5.4.3 Business Strategies
-Marketing Strategy
-Develop Service Excellence

 

5.5 KPJ Healthcare Berhad

 

5.5.1 Business Overview
5.5.2 Financial Overview
5.5.3 Business Strategies
-Capitalize Growth in Medical Tourism
-Expanding Network and Capacity

List of Charts


Medical Tourism Industry
Medical Tourism - Service Network
Global Medical Tourism Market Size (2008-2013)
Asian Medical Tourism Market (2013-2017E)
Number of Medical Tourists in Asia (2009-2013)
Medical Tourism Market Size, Thailand (2010-2013E)
Inflow of Foreign Patients in Thailand (2010-2013E)
Breakdown of Health Procedures Used by International Patients (2013E)
Medical Tourism Market Size, Singapore (2007-2014E)
Medical Tourists Arrival in Singapore (2007-2014E)
Geographic Breakdown of Medical Tourists Arriving in Singapore (2013E)
Medical Tourism Market Size, Malaysia (2007-2014E)
Medical Tourists Arrival in Malaysia (2007-2014E)
Geographic Breakdown of Medical Tourists Arriving in Malaysia (2013E)
Medical Tourism Market Size, India (2006-2014E)
Medical Tourists Arrival in India (2010-2014E)
Geographic Breakdown of Medical Tourists Arriving in India (2013E)
Segmentation of Medical Tourism Procedures in India (2013E)
Medical Tourism Market Size, Korea (2006-2014E)
Medical Tourists Arrival in Korea (2009-2014E)
Breakdown of Procedures Used by Foreign Patients (2013E)
Medical Tourists in Korea by Geography (2013E)
Medical Tourism Market Size, Turkey (2008-2014F)
Medical Tourists Arrival in Turkey (2008-2014F)
Number of Hospitals with JCI Accreditation by Countries
Countries that are Biggest Source of International Patients for Healthcare Providers (2013)
Forecast for Leading Destinations in Next Five Years in Terms of International Patient Numbers
Healthcare and Medical Services Provided for Medical Tourists (2013)
Tourism Budget for Marketing (2012)
Medical Tourism in Sri Lanka (2012 vs. 2016E)
Growth of Global Aging Population (>60 years), (2008-2013E)
Global GDP (2005-2012)
International Tourist Arrivals (2007-2014E)
Private Sector Market Share, Singapore (2013E)
Private Sector Market Share, Malaysia (2013E)
Private Sector Market Share, Turkey (2013E)
Revenue Breakdown by Patients (2013)
Bumrungrad Hospital’s Breakdown between Thai and Foreign Patients (2009-2013)
Revenue and Net Profit of Bumrungrad Hospital (2010-2013)
Revenue Contribution by Segment (2013)
Revenues and Net Income of Raffles Medical Group (2010-2013)
Revenue by Strategic Business Segments (2013)
Revenues and Net Income of IHH Healthcare Berhad Group (2011-2013)
Revenue Breakdown between Thai and Foreign Patients (2013)
Revenues and Net Profit of Bangkok Dusit Medical Services (2010-2013)
Revenues and Net Income of KPJ Healthcare (2010-2013)

 

List of Tables


Global Medical Tourism Destinations
Top 5 Medical Tourists by Nationality (2010-2012)
Comparative Prices for Medical Procedures
YOY Revenue Growth for Regional Healthcare Players, (9MCY 2013)
Hospital Division Statistics (2013)
Operational Highlights of KPJ Healthcare (2010-2013)

1. Market Overview
Pages : 4
USD 150

1.1 Medical Tourism Industry Structure

 

Figure 1.1: Medical Tourism Industry
Figure 1.2: Medical Tourism - Service Network

 
2. Medical Tourism - Market Size
Pages : 16
USD 300

2.1 Global Medical Tourism Market

 

2.2 Asian Medical Tourism Market
-Market Value
-Foreign Patients Inflow

 

2.2.1 Thailand
-Market Value
-Foreign Patients Inflow
-Breakdown by Procedures

 

2.2.2 Singapore
-Market Value
-Foreign Patients Inflow
-Foreign Patients by Nationality

 

2.2.3 Malaysia
-Market Value
-Foreign Patients Inflow
-Foreign Patients by Nationality

 

2.2.4 India
-Market Value
-Foreign Patients Inflow
-Foreign Patients by Nationality
-Breakdown by Procedures

 

2.2.5 Korea
-Market Value
-Foreign Patients Inflow
-Foreign Patients by Nationality
-Breakdown by Procedures

 

2.2.6 Turkey
-Market Value
-Foreign Patients Inflow

 

Figure 2.1: Global Medical Tourism Market Size (2008-2013)
Figure 2.2: Asian Medical Tourism Market (2013-2017E)
Figure 2.3: Number of Medical Tourists in Asia (2009-2013)
Figure 2.4: Medical Tourism Market Size, Thailand (2010-2013E)
Figure 2.5: Inflow of Foreign Patients in Thailand (2010-2013E)
Figure 2.6: Breakdown of Health Procedures Used by International Patients (2013E)
Figure 2.7: Medical Tourism Market Size, Singapore (2007-2014E)
Figure 2.8: Medical Tourists Arrival in Singapore (2007-2014E)
Figure 2.9: Geographic Breakdown of Medical Tourists Arriving in Singapore (2013E)
Figure 2.10: Medical Tourism Market Size, Malaysia (2007-2014E)
Figure 2.11: Medical Tourists Arrival in Malaysia (2007-2014E)
Figure 2.12: Geographic Breakdown of Medical Tourists Arriving in Malaysia (2013E)
Figure 2.13: Medical Tourism Market Size, India (2006-2014E)
Figure 2.14: Medical Tourists Arrival in India (2010-2014E)
Figure 2.15: Geographic Breakdown of Medical Tourists Arriving in India (2013E)
Figure 2.16: Segmentation of Medical Tourism Procedures in India (2013E)
Figure 2.17: Medical Tourism Market Size, Korea (2006-2014E)
Figure 2.18: Medical Tourists Arrival in Korea (2009-2014E)
Figure 2.19: Breakdown of Procedures Used by Foreign Patients (2013E)
Figure 2.20: Medical Tourists in Korea by Geography (2013E)
Figure 2.21: Medical Tourism Market Size, Turkey (2008-2014F)
Figure 2.22: Medical Tourists Arrival in Turkey (2008-2014F)

 

Table 2.1: Global Medical Tourism Destinations
Table 2.2: Top 5 Medical Tourists by Nationality in Thailand (2010-2012)

 
3. Market Dynamics
Pages : 14
USD 300

3.1 Key Trends

 

3.1.1 International Certification
3.1.2 Government Initiatives
3.1.3 Merger, Collaboration & Expansion
3.1.4 Patient Arrival Trend
3.1.5 Forecast for Leading Destinations
3.1.6 Services Offered by Providers
3.1.7 Sri Lanka: Emerging Market for Medical Tourism


3.2 Growth Drivers

 

3.2.1 Global Aging Population
3.2.2 Improving Global GDP
3.2.3 Lower Costs in Developing Countries
3.2.4 Long Waiting Periods in Home Country
3.2.5 Zealous International Tourism/Travel Industry
3.2.6 Better Technology and Wider Treatment Options

 

3.3 Challenges

 

3.3.1 Quality Issues
3.3.2 Communication Barriers
3.3.3 Safety and Health Risks
3.3.4 High Market Sensitivity to Economic and Other Market Factors

 

Figure 3.1: Number of Hospitals with JCI Accreditation by Countries
Figure 3.2: Countries that are Biggest Source of International Patients for Healthcare Providers (2013)
Figure 3.3: Forecast for Leading Destinations in Next Five Years in Terms of International Patient Numbers
Figure 3.4: Healthcare and Medical Services Provided for Medical Tourists (2013)
Figure 3.5: Tourism Budget for Marketing (2012)
Figure 3.6: Medical Tourism in Sri Lanka (2012 vs. 2016E)
Figure 3.7: Growth of Global Aging Population (>60 years), (2008-2013E)
Figure 3.8: Global GDP (2005-2012)
Figure 3.9: International Tourist Arrivals (2007-2014E)

 

Table 3.1: Comparative Prices for Medical Procedures

 
4. Competitive Landscape
Pages : 4
USD 150

-Market Share of Private Healthcare

 

4.1 Singapore
4.2 Malaysia
4.3 Turkey

 

Figure 4.1: Private Sector Market Share, Singapore (2013E)
Figure 4.2: Private Sector Market Share, Malaysia (2013E)
Figure 4.3: Private Sector Market Share, Turkey (2013E)

 

Table 4.1: YOY Revenue Growth for Regional Healthcare Players, (9MCY 2013

 
5. Company Profiles
Pages : 13
USD 250

5.1 Bumrungrad Hospital

 

5.1.1 Business Overview
5.1.2 Financial Overview
5.1.3 Business Strategies
-Intelligent Expansion
-Infrastructure Upgradation

 

5.2 Raffles Medical Group

 

5.2.1 Business Overview
5.2.2 Financial Overview
5.2.3 Business Strategies
-Grow One-Stop Centers
-Regional Expansion


5.3 IHH Healthcare Berhad

 

5.3.1 Business Overview
5.3.2 Financial Overview
5.3.3 Business Strategies
-Strategic Investments
-Pursue Partnerships & Collaborations


5.4 Bangkok Dusit Medical Services

 

5.4.1 Business Overview
5.4.2 Financial Overview
5.4.3 Business Strategies
-Marketing Strategy
-Develop Service Excellence

 

5.5 KPJ Healthcare Berhad

 

5.5.1 Business Overview
5.5.2 Financial Overview
5.5.3 Business Strategies
-Capitalize Growth in Medical Tourism
-Expanding Network and Capacity

 

Figure 5.1: Revenue Breakdown by Patients (2013)
Figure 5.2: Bumrungrad Hospital’s Breakdown between Thai and Foreign Patients (2009-2013)
Figure 5.3: Revenue and Net Profit of Bumrungrad Hospital (2010-2013)
Figure 5.4: Revenue Contribution by Segment (2013)
Figure 5.5: Revenues and Net Income of Raffles Medical Group (2010-2013)
Figure 5.6: Revenue by Strategic Business Segments (2013)
Figure 5.7: Revenues and Net Income of IHH Healthcare Berhad Group (2011-2013)
Figure 5.8: Revenue Breakdown between Thai and Foreign Patients (2013)
Figure 5.9: Revenues and Net Profit of Bangkok Dusit Medical Services (2010-2013)
Figure 5.10: Revenues and Net Income of KPJ Healthcare (2010-2013)

 

Table 5.1: Hospital Division Statistics (2013)
Table 5.2: Operational Highlights of KPJ Healthcare (2010-2013)

 

 
 
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