South Korea: Fastest Growing Medical Tourism Market in Asia

The medical tourism industry of South Korea has been growing at a fast pace from past few years. Global reputation of Korea in plastic surgery attracts foreigners, as it provides them better treatment at low cost. Korean doctors have got the required expertise and skills in various surgical procedures, such as aesthetic and cosmetic treatments, thereby, boosting country’s worldwide reputation.

Apart from the skilled medical workforce, another factor which helps Korean medical tourism to prosper is technologically advanced treatments and medical procedures. Moreover, areas like biotechnology and stem cell research are considered as core competency of the country and with rising government investments in the sector, the country is poised to become a leading player in medical technologies and treatments. The country is further backed by strong government support and initiatives, which is also boosting the growth and development of Korean medical tourism.

Thus, supported by the factors, such as cost-efficacy, high level promotion by the authorities, and good healthcare infrastructure, the number of medical tourists is forecasted to grow at a CAGR of more than 52% during 2013-2015, which is the fastest growth rate among all Asian nations, says “Asian Medical Tourism Market Forecast to 2015”, a recent report by RNCOS.

Apart from South Korea, we have also analyzed medical tourism market of other major countries such as India, Thailand, Malaysia, Philippines and Singapore. Our comprehensive report provides detailed analysis and future forecast for the medical tourism market, and medical tourist arrivals till 2015 in these Asian countries. Our report has also provided a brief overview of the drivers and trends prevailing in the Asian medical tourism industry. We have also included the prominent industry players such as Apollo Hospitals Enterprise Ltd., Bumrungrad International Hospital, and so on, to provide a balanced research outlook of the industry. Overall, the report is designed to facilitate our clients towards devising the rightful strategies, and make sound investment decisions.
Source: SB wire

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