Medical tourism: Big business

Posted: Mon 13 Dec, 2010 3:11 PM

A recent Frost and Sullivan report states that the medical tourism sector is growing at an annual rate of 20-30%. Currently a US$78.5-billion industry, it is all set to become a US$100-billion sector by 2012.

 

The Middle East is one of the most lucrative source markets for medical tourism, with 20% of healthcare seekers worldwide coming from Gulf and other Arab states. The report further stated that patients from the UAE alone spend US$ two-billion in healthcare travel on an annual basis, as quoted in eTurboNews.

 

Germany is the prime medical tourism hub, followed by Thailand, India and Malaysia.

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