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Asian Medical Tourism Market to Post Double Digit Growth Rate


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.


Source: http://prlog.org/10372230



Formosa Medical Travel Adds Three of Taiwan’s Leading Hospitals to Medical Tourism Network


October 2nd, 2009 by Formosa Medical Travel

TAIPEI, Taiwan– Formosa Medical Travel, a medical tourism facilitation company headquartered in Taipei, has entered into agreements with three of Taiwan’s leading hospitals, with the assistance of the Taiwan External Trade Development Council (TAITRA). Tungs’ Taichung MetroHarbor Hospital, Show Chwan Memorial Hospital, and Changhua Christian Hospital are the three newest members of Formosa Medical Travel’s network.

 

“We believe that Taiwan is destined to develop into one of the leading countries in Asia’s medical tourism market,” said Tom Griffith, Executive Vice President of Formosa Medical Travel. “The quality of medical care in Taiwan has long been lauded for its efficiency and modernity, and these three facilities stand at the forefront. We know that medical travelers will find Taiwan to be a very accessible, highly-developed country, and these world-class facilities reflect a healthcare system that ranks among the finest in the world. We are thrilled to form a relationship with these world-class facilities and their medical teams.” With this expansion of its network, Formosa Medical Travel has increased the options available to patients seeking low-cost solutions in medical tourism.

 

Among Americans, medical tourism has experienced rapid growth in recent years, as an increasing number of patients seek alternatives to high costs in the United States. Taiwan provides one of the appealing options in travel, with internationally-accredited hospitals, world-class healthcare professionals, the latest in medical technology, and friendly, patient-oriented services. Taiwan’s highly-developed medical infrastructure, combined with its low administrative costs and efficient service, has allowed it to offer medical procedures at costs competitive with the world’s most popular medical travel destinations.

 

“Our hospital was accredited last year by Joint Commission International, an international branch of JACHO, U.S.A. FORMOSA has visited us many times and were very impressed by the high quality and reasonable cost of our joint replacement procedure,” said Jui-Lung Tung, Vice Superintendent (Administration) of Tungs’ Taichung MetroHarbor Hospital. Show Chwan Memorial Hospital and Changhua Christian Hospital also expressed their high expectation about the collaboration. They believe this not only marks another step in the emergence of Taiwan as a premier destination in medical tourism, but also proves the high quality of Taiwan’s medical service.

 

About Formosa Medical Travel

 

Formosa Medical Travel works on behalf of patients seeking affordable knee and hip replacement surgery abroad, connecting them with a network of world-class hospitals located in Taiwan. These facilities provide outstanding medical care while offering patients significant savings. Formosa Medical Travel books patients’ surgery, transfers medical records, assists in finding flights and hotels, and provides concierge services to customers in Taiwan. There is no charge to the patient for these services. To learn more, visit Formosa Medical Travel

 

About TAITRA

 

Founded in 1970 to help promote foreign trade, the Taiwan External Trade Development Council (TAITRA) is the foremost non-profit trade promotion organization in Taiwan. Jointly sponsored by the government, industry associations, and several commercial organizations, TAITRA assists Taiwan businesses and manufacturers with reinforcing their international competitiveness and in coping with the challenges they face in foreign markets.

 

TAITRA boasts a well-coordinated trade promotion and information network of over 600 trained specialists stationed throughout its Taipei headquarters, four local branch offices in Hsinchu, Taichung, Tainan and Kaohsiung, and over 48 overseas branch offices worldwide. TAITRA’s Service Industry Promotion Center was inaugurated in July 2006 to facilitate the globalization of Taiwan’s burgeoning service industry.






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