Wednesday, December 15, 2010

Medical Tourism Industry


Medical tourism is a massive and rapidly growing travel sector all over the world and is forecast to be worth USD100 billion by 2012.
The sector is growing at a rate of 20-30% a year with no slowdown foreseen. The Times of India recently cited figures from Frost and Sullivan, the business research and consulting firm. The company estimated that the medical tourism industry was currently worth USD78.5 billion (calculated to the end of 2010). It caters for over three million patients who travel around the globe for medical care.
The Middle East is one of the latent source markets of patients and it is estimated that 20% of healthcare seekers worldwide are from Gulf and Arab states. Patients from UAE alone spend about USD 2 billion in healthcare travel on an annual basis.

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