Medical tourism grows by 25% per year
- Filed under News
- Posted on Tuesday, 26 July 2016 22:29
- By Zac Erawan
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
The following two tabs change content below.
Zac Erawan
Owner at NewThaiHotels
Hotel Otaku. Hotel reviewer. Aspiring photographer. Xenodocheionologist.
Zac fuses his lifelong passions for 1. Beautiful Hotels & Resorts, 2. Thailand and 3. Website Design to bring NewThaiHotels to life, sharing the latest information on new and exciting luxury hotel openings in stunning tropical Thailand.
Latest posts by Zac Erawan (see all)
- World of Hyatt Expands Its Rewarding Stay Experiences With The Introduction Of Alila Hotels And Resorts - August 16, 2019
- IHG Opts for Bulk-Size Amenities to Reduce Plastic Waste - August 15, 2019
- How To Get Free Upgrades From Hotels - August 14, 2019
Related posts:
World of Hyatt Expands Its Rewarding Stay Experiences With The Introduction Of Alila Hotels And ResortsTo remain relevant in business, companies need to continuously improve their business models, rewards and even pool their resources with competing companies. In their new press release, Hyatt officially unveiled the expansion and addition of Alila hotels to their loyalty program by providing us with a complete list of all 16 hotels and where they […]
IHG Opts for Bulk-Size Amenities to Reduce Plastic WasteIHG is going to be switching all 5,600 of its hotels from miniature bathroom amenities to bulk-size ones in order to reduce waste and environmental impact. IHG’s properties include nearly 843,000 guest rooms worldwide, and IHG’s guests have become increasingly interested in reducing the environmental impact of their stays. Several of IHG’s hotel brands, including […]
How To Get Free Upgrades From HotelsThere is one simple, ethical, and lawful way to get upgrades from hotels, and you’ll feel like you’re getting more for what you paid. Outside of having a lot of points with a hotel’s loyalty program, of course. So, if a hotel offers you a paid upgrade, turn it down. Hotels typically oversell the base […]
Avani Hotels signs two new properties in Krabi, ThailandPopular hotel brand Avani Hotels, a subsidiary of Minor Hotels, has purchased two new properties in Krabi, Thailand. Renovations for these two properties are planned, and the hotels will open between late 2019 and mid-2020. The town of Krabi is a popular resort town, located on an island about seventy-five kilometers from the Krabi International […]
Thailand’s Highest Restaurant and Bar now open at Mahanakhon Bangkok SkyBarThe highest restaurant and bar in Thailand is the Mahanakhon Bangkok SkyBar. You can find it at the 76th and 77th floor of the King Power Mahanakhon skyscraper. The managing director of the skyscraper wanted the restaurant to create a memorable dining experience while also celebrating the city. It is also meant to be a […]
