November 19th, 2009 by Formosa Medical Travel
On November 16th 2009, a group of 30 Mainland Chinese arrived for a 9 day medical tourism trip in Kaohsiung, Taiwan. The medical tourists received a number of different procedures, including dental, skin, eye and cosmetic surgery. There were also a number of Chinese medicine treatments.
The secretary general of the Kaohsiung Medical Tourism Promotion Association noted that Kaohsiung has an edge over Taipei because of lower prices and more tourism opportunities.
Taiwan is an up-and-coming player in the medical tourism industry. Many of the short-term opportunities are right in Taiwan’s geographic back yard. However, whether or not large numbers of Chinese citizens will leave the mainland for Taiwan in search of medical care remains to be seen.
October 12th, 2009 by Formosa Medical Travel
PRLog (Press Release) – Oct 12, 2009 – High cost of treatments in developed countries is proving beneficial for medical tourism market in Asia. Resultantly, the region has emerged as one of the fastest growing medical tourism destinations worldwide. According to our new research study “Asian Medical Tourism Analysis (2008-2012)” the Asian medical tourism market is projected to grow at a CAGR of around 14% during 2009-2012.
We have done an extensive research and analysis of both current and past market trends at country level to give qualitative information of the Asian medical tourism industry’s progress over the past few years. Analysis has been done of all major markets like India, Singapore, Malaysia, Thailand, South Korea and the Philippines.
According to our research, Thailand and Singapore are dominating the market and this trend is expected to continue in future as well. The research also highlights the reasons that are driving growth in these markets, along with roadblocks before the industry.
Going ahead, our research also studies the market on types of treatments and surgeries sought by foreign medical tourists. After thorough evaluation, we have found that most of patients come for high cost surgery like Orthopedic, Cardio, and cosmetic surgery. In this segment, our research provides detailed information and analysis of number of tourist arrivals, cost analysis of different treatments and other demographics. The report gives comprehensive information about target country level market which will help clients in defining and planning their market strategy in a better way.
“Asian Medical Tourism Analysis (2008-2012)” also provides information of key competitors in the market along with their business information and areas of expertise. This will give client an additional edge over other competitors in the market. Overall, our research study provides valuable information to clients looking to venture into these markets and helps them to devise strategies while going for an investment/partnership in these markets.