Shifts in medical tourism

BANGKOK, 1 August 2017: Kasikorn Research Centre estimates income from international patients at private hospitals will generate THB48 to THB49 billion this year, an increase of 3% to 4% year-on-year.

The bank think-tank unit said the number of patients from the Middle East has declined steadily, mainly due to a change in healthcare policies in their home countries and an improvement in quality and standards of their public health systems.

However, the drop in medical tourists from the Middle East should be compensated by international patients from other regions, in particular Asia such as Cambodia, Laos, Myanmar, Vietnam and Japan. Read more

Healthy prognosis for medical travel

BERLIN, 14 March 2017: Medical tourism has grown into a healthy travel sector as people shop beyond their borders for everything from dental work to plastic surgery, according to experts at Berlin’s ITB travel fair, last week.

This year is the first that the global tourism show set aside space in the halls of the German capital’s congress centre for medical tourism.

Health tourism is already worth billions of dollars per year and set to grow at up to 25% annually over the coming decade, according to a recent study by Visa and Oxford Economics. Read more

Medical tourists bring in the dollars

BANGKOK, 13 March 2017: Medical tourism is a key factor to boost Thailand’s private hospital business, according to Kasikorn Research Centre most recent report.

The bank think-tank unit said private hospitals continue to be a rising star maintaining a high two-digit revenue growth rate and good proportion of it comes from international patients rather than the domestic market..

“Medical tourism helps to generate at least THB40,000 million a year in treatment fees, which does not take into account income related business such as retail, tourism, hotels and restaurants…the medical tourism market is a  key driver for private hospital business success,” the bank said. Read more

Malaysia enjoys medical tourism boom

SINGAPORE, 1 March 2017: Malaysia’s medical tourism sector is booming, prompting fierce competition among its leading market players, according to the latest report by Transparency Market Research.

Describing Malaysia’s medical tourism market as mature, TMR says prominent enterprises are looking to offer dynamic changes in their services and products to keep reporting sustainable growth.

Despite the presence of a large number of companies, the medical tourism market in Malaysia still exhibits a high degree of consolidation, with the leading players holding the crux of the market, despite growing competition. Read more

BookDoc taps TripAdvisor content

KUALA LUMPUR, 18 January 2017: BookDoc announced, Wednesday, its latest content partnership with the world’s largest travel site, TripAdvisor.

BookDoc users are now able to search for top-rated restaurants and attractions around the vicinity of their healthcare appointments in Malaysia, Singapore , Hong Kong and Thailand when using either the BookDoc mobile app or website.

TripAdvisor achieves 390 million average monthly unique visitors and 435 million reviews and opinions covering 6.8 million accommodations, restaurants and attractions. Read more

Thailand pushes health care tourism

BANGKOK, 12 September 2016: Thailand’s Ministry of Public Health has introduced  health packages to support the country’s medical tourism marketing and sales campaigns.

Called “Visit Thailand Enhance Your Healthy Life”, the project is expected to gain the support of 70 hospitals and clinics certified by JCI international standards.

Wealthy foreign travellers who are in good health, but are hoo Read more

BookDoc teams up with Berjaya

SELENGOR, 9 August 2016: Berjaya Hotels & Resorts and BookDoc are partnering to deliver healthcare to foreign tourists staying at the group’s properties.

Five of 11 Berjaya Hotels & Resorts have been selected to work with BookDoc, a Malaysian-based online healthcare platform that connects foreign visitors with healthcare professionals.

BookDoc was recently endorsed by the Ministry of Tourism and Culture as a trusted medical companion for tourists with a presence in 17 cities in Malaysia, Singapore, Hong Kong and Thailand. Read more

Thailand’s medical tourism thrives

BANGKOK, 2 August 2016: Thailand has once more been confirmed as one of Asia’s top medical tourism destination in the company of Singapore and South Korea, according to a report by VISA and Oxford Economics.

Looking forward the report confirmed that medical tourism globally has a value exceeding USD439 million with a projected growth rate of up to 25% year-over-year for the next 10 years.

The research claimed that 3 to 4% of the world population will travel internationally for healthcare and health related treatment. Medical travel market revenue could soar to an astronomical USD 3 trillion by 2025 and Thailand figures as one of top three destinations in Asia that is well positioned to benefit. Read more

VISA: Medical tourism soars

PALM BEACH, 26 July 2016: In a just released report issued by VISA and Oxford Economics, the Medical Tourism industry was valued at a staggering USD439 billion, with a projected growth rate of up to 25% year-over-year for the next 10 years.

The report said an estimated 3% to 4% of the world’s population will travel internationally for healthcare and health-related treatment.

For years the medical travel industry seemed undervalued, but VISA’s latest report accounts claims the medical travel market could soar to an astronomical USD3 trillion by 2025. Read more

Medical tourism grows

KUALA LUMPUR, 4 July 2016: Medical tourism to Malaysia is expected to increase according to a report released, last week, by Malaysia’s M&E Research.

The report identified KPJ Healthcare Bhd (KPJ Healthcare) as a leader in the expansion claiming it has leveraged medical tourism to improve its healthcare revenue.

Local media reported, earlier, that KPJ was planning to build three new hospitals in Malaysia due to open over the next two to three years. Read more

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