Healthcare Finance NewsHealthcare Finance News
  • Home
  • Sections
    • Industry News
    • Community Care
    • Hospitals & IDNs
    • Payers
    • Solutions and Services
  • Issues
    • March 2010
    • Jan/Feb 2010
    • December 2009
    • November 2009
    • October 2009
    • Sept. 2009
  • Resource Central
    • All Resources
    • Research
    • White Papers
    • Web Seminars
    • Videos
    • Podcasts
  • Blog
  • Events
  • Jobs
  • About
  • Subscribe
  • Advertise
  • Newsletters
  • RSS
  • Twitter feed
  • LinkedIn group
Select Your Homepage
Search eConnect
Login | Register
Home » News » Industry News

E-mail to a FriendPrint
Social Bookmarking
  • Delicious Delicious
  • Digg Digg
  • StumbleUpon StumbleUpon
  • Reddit Reddit
  • Newsvine Newsvine
  • Furl Furl
  • Facebook Facebook
  • Google Google
  • Yahoo Yahoo
Global medical tourism revenue to hit $100B by 2012

Global medical tourism revenue to hit $100B by 2012

June 29, 2009 | Richard Pizzi, Editor

Suggested Content

  • Experts convene in Singapore for medical tourism
  • Puerto Rican coalition asks Congress for health equality
  • Senate votes to delay doc pay cut until Oct. 1
  • Obama urges Congress to vote on healthcare
  • Blog: Health Reform Could Harm Medicaid Patients
  • Who's to blame for the high cost of healthcare?
  • Obama keeps focus on healthcare reform
  • HHS budget for 2011 set at $81.3B
  • Providers question MedPAC recommendations
  • Thousands employed in 2009 to influence health reform legislation

SINGAPORE – Worldwide gross medical tourism revenue is projected to grow from $56 billion to $100 billion by 2012, with Asia as a major driver of this growth, according to experts speaking Monday at the Healthcare Travel Exhibition and Congress in Singapore.

Rising healthcare standards together with the growing demand for more affordable treatment will keep the Asian market for medical tourism buoyant, said Andrew Keable, divisional director at Informa Life Sciences.

"Buoyed by the success stories of earlier waves of medical tourists, consumers, insurance companies as well as businesses fully recognize the reliability and affordability of going overseas for medical procedures," said Keable. "Patients who choose to undergo treatments in Asia can pay just 10 percent of the cost of comparable treatment conducted in developed countries like the United States or United Kingdom. This differential cost, coupled with today's sophisticated travel industry, provides an excellent catalyst to the growth of medical tourism."

Keable said Asia is well-placed to grow in medical tourism as healthcare standards and technology adoption continue to improve. Hospitals in Korea, Malaysia, Thailand, India and Singapore have made it a point to implement state-of-the- art medical technologies to improve patient care.

The Healthcare Travel Exhibition and Congress is part of a global series of life sciences events organized by Informa Life Sciences, a firm that organizes conferences for the life sciences industry. Along with Arab Health, Hospital Build and Aesthetics Asia, Healthcare Travel Exhibition and Congress also takes place annually in Dubai.
 

Related Topics:
  • Andrew Keable
  • Asia
  • Congress
  • Singapore

Reader Comments (0)Login to Post a Comment

receive news by email

Most Popular

Latest Headlines
Most Popular
  • Creative payment reform initiatives abound nationwide
  • Analysis: Medical malpractice payments continue to fall
  • Recession hurts, but pharmacists are still in demand
  • Senate votes to delay doc pay cut until Oct. 1
  • Michigan doctor convicted in $18.3M Medicare fraud scheme
  • GE gives $1M to 4 Milwaukee health centers
  • P4P models could improve medical professionalism
  • Hospital CEO turnover rate increases
  • HHS announces $162 million in 16 state HIE grants
  • New MedAssets program helps providers with construction projects
Syndicate content

HEALTHCARE FINANCE JOB SPOT

  • Director of Patient Financial Services - Vista Health System - Waukegan, Illinois
  • Epic Business Systems Analyst Ambulatory Practice Management Revenue Cycle - Lee Memorial Health System - Fort Myers, FL
  • Healthcare Consulting Partner/Leader Performance Improvement, Healthcare Finance and Operations - Tatum - Chicago and Dallas
  • Chargemaster - Cheshire Medical Center - NH
  • System Coding Auditor - Saint Joseph Health System - Lexington, KY
more jobs
  • EHRWatch.com

    EHRWatch.com offers news, commentary and community participation on the developments in electronic health records.

  • Priming the Pump

    Priming the Pump provides practical news on the stimulus package and the incentives that it offers to healthcare providers.

  • NHINWatch

    Visit NHINWatch.com for coverage of the Nationwide Health Information Network.

  • Mobile Health Watch

    Stay up to date on the latest mobility news at Mobile Health Watch.

  • MedTech Publishing

    Visit our company Web page to learn more about MedTech Publishing.

  • LinkedIn

    Join our LinkedIn group to connect with other Healthcare Finance News readers.

  • Healthcare Finance Job Spot

    Check out the latest open positions at Healthcare Finance Job Spot.

  • Healthcare IT News

    Visit Healthcare IT News for the latest health information technology news.

  • Facebook

    Join Healthcare Finance News on Facebook to connect with other readers!

Marketplace

  • Home
  • Issues
  • Resource Central
  • Blog
  • Events
  • Subscribe
  • Advertise
  • About Us
  • Site Map
  • Privacy Policy
Healthcare Finance News is a publication of MedTech Publishing Company LLC.
For more information about MedTech Publishing Company and its publications, please visit medtechpublishing.com.
©2009 MedTech Publishing
Powered by Phase2 Technology.