The Medical Tourism Index (MTI), jointly released this week by Visa and Oxford Economics, reveals that the sector is on an upswing. Already worth an awe-inspiring US$439 billion, it could break new ground by reaching US$3 trillion by 2025. This stems from the belief that 3-4% of the world’s population will travel overseas for medical reasons, in the next decade. MTI’s co-authors, Renée-Marie Stephano and Mark Fetscherin noted in a joint statement that the borders to quality healthcare access had begun to disintegrate. They added that the industry has moved on from the days of heady speculation, their report shining light on unique investment opportunities.
Among the top 41 sought after destinations for affordable, high-quality healthcare, listed by MTI – Canada tops the list. The US leads the world when it comes to healthcare travel spending, but the rising Asian giants like China are catching up. Some of the main reasons cited for the boom is the world’s aging population coupled with the improvements in transport infrastructure and increasing spending power. The 9th World Medical Tourism & Global Healthcare Congress to be held Washington this September.
Read the full article here: Medical tourism grows by 25% per year