Medical Tourism A Boon That Saves Money and Life

The primary reason while the sick and ailing travel abroad is the cost factor. Fortunately, similar treatments and procedures can be availed in different medically advanced countries. While the quality and service do not lack in countries attracting health travelers, it is the cost-benefit that can be the sole determinant. 

Surprisingly, a factor that benefits sufferers with limited resources, but for those with a will to travel, the cost difference is substantial.  The difference could be as much as 90 % in the case of some treatments and procedures, but an average of 50 % cost benefits is tangible.

India, Malaysia, South Korea, Singapore, Israel, Vietnam, with a well-developed health infrastructure offer low-priced medical treatments. They attract international patients due to cost benefits but other determinants are also favorable.   

Low-cost medical resources do not relate to poor quality and services. The countries mentioned are well known for sound medical outcomes and state of art services. Accredited hospitals, Government recognized specialty clinics encourage overseas wellness-seeking travelers. These countries are now attracting patients from across the globe not only from poor neighborhoods.

Not only high cost, but tough insurance subscription compliance, long waiting lists in National Hospitals, lack of specialists are also factors that impact the country's health care industry. These countries are facing a drain on the revenues as citizens go abroad for solutions.  

Some people seek cheaper treatments when traveling abroad for tourism as their primary goal. They adjust dates with hospitals and clinics in between sightseeing or safari. This should explain the universal term medical tourism to the laymen. 

In spite of the pandemic, the medical tourism industry is a growing prospect for countries that conform to global standards and quality of services. While the cost is a major determinant, the robust health infrastructure with greater choice of hospitals, clinics, and alternate therapy centers promotes the arrival of international patients to that country.  

Visa availability, cheap and safe inland travel, cultural and religious affinities, internal stability, and proximity are some of the factors that encourage international travel for tourism as well as for seeking low-cost treatments and procedures in accredited hospitals and clinics. 

Medical Tourism generates substantial foreign exchange and boosts the local economy, but it is not within the wherewithal of all countries to cater to it. The leading destinations in this trade are: 

• Japan
• India
• South Korea
• US
• Malaysia
• Taiwan
• Germany
• Singapore
• Thailand 

Governments play a major role in increasing favorable determinants that attract international patients to a country. Besides facilitating travel the dispensations need to focus on health infrastructure in their budgetary planning end encourages local service providers like hospitals, clinics, and hotels the latter meant for accommodation to enhance services and quality.   In short, policies shape a nation, and this is as much applicable to the indigenous health industry.

Progressive research and developments, training of doctors and surgeons have become imperative for developing the necessary skill sets. Highly trained and experienced physicians and surgeons are key factors that boost inbound medical tourism due to favorable outcomes. 

Low-cost medical devices and pharmaceuticals pertaining to quality standards are essential to bringing the cost of treatments down. Cheaper but accurate diagnostics at the labs assist in cheaper treatments.

India is one of the cheapest countries to avail of medical treatments and procedures without sacrificing successful outcomes. The country has many determinants that are favorable for disease treatments at a low cost. 

• A large number of Accredited Hospitals & Clinics 
• Specialty Treatments Available at Mid Level Towns
• Massive Generic Pharma Industry
• Trained & Experienced Physicians and Surgeons 
• Wide Spectrum Treatment Availability
• Cheaper Diagnostics 
• Cheaper Medicines 
• Cheaper Medical Devices
• Cheaper Travel Services and Accommodations
• Cheaper Inland Travel
• Safe Country
• Political Stability 
• Favorable Government Policies
• Almost No Wait List in Private Hospitals  

Greater options fortify the country's health infrastructure and are boosting medical tourism at a faster pace.  The CAGR stands at an impressive 30% and is expected to grow higher in the post-pandemic.

Being a large, much-populated country, quality but low-cost medical services are widely available. Two-tier towns with quality health infrastructure offer cheaper surgeries and procedures without sacrificing the outcomes.  When seeking specialized niche treatments look towards India.  

If you are seeking alternative therapy the country is home to Ayurveda and Yoga. These are ideally suited for wellness using an ancient system.