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Effect Of Medical Tourism On A
Country’s Economy
Revenue Generated as a result of
Medical Tourism
• A lot of revenue is generated by the coming of
the medical tourists in a country. The activities
of the patients and the people travelling with
them like staying in hotels, consumption of
food, sightseeing etc. leads to a major
improvement in the economy of the nation.
• A Deloitte report, estimated American patient
outflow in 2007 at 750,000 and projected its
increase to rise to 19,000,000 by 2015.
• It has been estimated by the Asian Journal of
Management Sciences that the Indian medical
tourism industry will reach $6 billion by 2018.
Reverse “Brain Drain”
• Medical tourism encourages well trained
doctors and nurses to stay in their homeland
and practice their vocation.
• Many of the top hospitals in popular medical
tourism destinations pay similar salaries
(taking into account Purchasing Power Parity)
compared to the hospitals in developed
countries.
• Given comparable pay scales and world class
hospitals, even doctors from developed
nations are moving to work in hospitals in
these countries.
Improved Healthcare Quality and
Precision
• Medical tourism improves the quality of
healthcare provided by the country and also
enhances the precision of the treatment. The
medical tourists demand high quality
treatments and expect international standards
for various procedures.
• Since medical tourism has now developed into
a full-fledged industry, countries and hospitals
have developed intricate infrastructures to
sustain this growth.
• Development of infrastructures leads to the
domino effect of attracting more patients,
further boosting the country’s economy.
Growth of the Medical Tourism
Hospitality Industry
• Medical tourism has given rise to the medical
tourism hospitality industry. Hotels, resorts
have come up exclusively to cater to medical
tourists who are recovering from treatments
and also to accommodate the people
accompanying them.
• The average revenue from hotel and tourist
charges for the individuals accompanying the
medical tourist was 15% of the total medical
charges in 2011 for Thailand. Many of these
hotels employ local people thereby generating
jobs for the people.
Contribution to the Tourism Industry
• The tourists come with plans to check out
important tourist destinations and relax after
going through the various treatments.
According to a report by WHO, in 2008,
medical tourism in Thailand generated 46 to
52 billion baht of revenue from medical
services and 12 to 13 billion baht from related
tourism.
FOR MORE INFORMATION ON MEDICAL TOURISM
CONTACT US AT:
http://www.medhalt.com/

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What is the effect of Medical Tourism on a country's economy?

  • 1. Effect Of Medical Tourism On A Country’s Economy
  • 2. Revenue Generated as a result of Medical Tourism • A lot of revenue is generated by the coming of the medical tourists in a country. The activities of the patients and the people travelling with them like staying in hotels, consumption of food, sightseeing etc. leads to a major improvement in the economy of the nation.
  • 3. • A Deloitte report, estimated American patient outflow in 2007 at 750,000 and projected its increase to rise to 19,000,000 by 2015. • It has been estimated by the Asian Journal of Management Sciences that the Indian medical tourism industry will reach $6 billion by 2018.
  • 4. Reverse “Brain Drain” • Medical tourism encourages well trained doctors and nurses to stay in their homeland and practice their vocation.
  • 5. • Many of the top hospitals in popular medical tourism destinations pay similar salaries (taking into account Purchasing Power Parity) compared to the hospitals in developed countries. • Given comparable pay scales and world class hospitals, even doctors from developed nations are moving to work in hospitals in these countries.
  • 6. Improved Healthcare Quality and Precision • Medical tourism improves the quality of healthcare provided by the country and also enhances the precision of the treatment. The medical tourists demand high quality treatments and expect international standards for various procedures.
  • 7. • Since medical tourism has now developed into a full-fledged industry, countries and hospitals have developed intricate infrastructures to sustain this growth. • Development of infrastructures leads to the domino effect of attracting more patients, further boosting the country’s economy.
  • 8. Growth of the Medical Tourism Hospitality Industry • Medical tourism has given rise to the medical tourism hospitality industry. Hotels, resorts have come up exclusively to cater to medical tourists who are recovering from treatments and also to accommodate the people accompanying them.
  • 9. • The average revenue from hotel and tourist charges for the individuals accompanying the medical tourist was 15% of the total medical charges in 2011 for Thailand. Many of these hotels employ local people thereby generating jobs for the people.
  • 10. Contribution to the Tourism Industry • The tourists come with plans to check out important tourist destinations and relax after going through the various treatments. According to a report by WHO, in 2008, medical tourism in Thailand generated 46 to 52 billion baht of revenue from medical services and 12 to 13 billion baht from related tourism.
  • 11. FOR MORE INFORMATION ON MEDICAL TOURISM CONTACT US AT: http://www.medhalt.com/