Category Archives: Cosmetic Surgery

Global Medical Tourism Industry Market Analysis

Note: The following is a re-print from U.S. Domestic Medical Travel.com, one of two publications from CPR Strategic Marketing Communications. They also publish Medical Travel Today.com, and both publications have re-printed several of my posts on both of their newsletters, so I am returning the favor, which they have paid me many times over. I do not vouch for the accuracy of the data in the article, so please address any comments to the author.

Here is the article:

Global Medical Tourism Market By Treatment Type and by Region – Industry Analysis, Size, Share, Growth Trends and Forecasts (2016 – 2021)

The global medical tourism market has been estimated to be valued at USD 14,278 million, and it is anticipated to reach a market value of USD 21,380 million by the end of 2021 at a projected CAGR of 8.41% during the forecast period, 2016 to 2021.

Medical tourism involves travelling to another country for obtaining medical treatment. It is a high-growth industry driven by globalization and rising healthcare costs in the developed countries. A study shows that in United States, about 750,000 residents travel abroad for healthcare each year. A range of governments across the globe has taken up various initiatives to stimulate and improve the medical tourism in the respective countries in order to improve patient care and help expand the market. Many countries could see potential for significant economic development in the emergent field of medical tourism. Cosmetic surgery, dental care, elective surgery, fertility treatments, cardiovascular surgery and genetic disorder treatments are the most preferred healthcare treatments in this sector.

High cost of medical treatment in the developed countries and availability of those treatments at a lower cost in other countries have fueled the development of medical tourism. In addition, the availability of latest medical technologies and a growing compliance on international quality standards drive this market. The use of English as the main working language solves the problem of communication and patient satisfaction, adding to the growth of this market. Enhanced patient care, health insurance portability, advertising and marketing help the medical tourism industry to grow at a fast rate. On the other hand, infection outbreaks during or after travel, issues in following up with the patients before returning to their own country, and medical record transfer issues are the factors restraining the growth of the tourism industry. However, the unavailability of certain treatments at a lower cost hampers this market more than any other factors.

The global market for the medical tourism industry is segmented based on treatment type (cosmetic treatment, dental treatment, cardiovascular treatment, orthopedics treatment, bariatric surgery, fertility treatment, eye surgery and general treatment) and geographical regions. Cosmetic treatments hold the largest market share, as cosmetic surgeries are not covered by insurance.

Based on geography, the market is segmented into North America, Europe and Asia-Pacific. APAC holds the largest market share, followed by Europe. Thailand and Malaysia are strong markets with prospect for significant growth, followed by Korea.

The key players in the global medical tourism market are Bangkok Hospital Medical Center, Asian Heart Institute, Apollo Hospitals Enterprise Ltd., Bumrungrad International Hospital, Fortis Healthcare Ltd., Min-Sheng General Hospital, Raffles Medical Group, Prince Court Medical Center, KPJ Healthcare Berhad, and Samitivej Sukhumvit.

For more information please click on:
http://www.researchandmarkets.com/publication/mkptu7l/4109970

VANITY or INSANITY

Richard’s Note: The following article is from Teresa Lim, a mother and freelance project coordinator from the Philippines who I recently connected with and who is interested in getting investors or partners for her medical tourism business. Normally, I write all of the posts here, but have on occasion had guest writers submit content to the blog. And while I normally stay away from discussing cosmetic surgery in my blog, nevertheless, I am posting this here. I have not changed one word, except where it will align with English grammar and punctuation.

Teresa Lim

Monday morning, news about the death of a 29 year old single mother was a social media trending. Reasons? Because she died while undergoing liposuction, bust and butt augmentation….WHAT??? Wait a minute, did I read it right? Yes, checked and counter-checked the news, she really underwent  three cosmetic surgeries all at the same time from 5:00 pm Saturday to 2:40 am Sunday. What a dauntless woman. Curiosity made me search for more info about this daredevil act. I found out that she was a regular to this clinic. She had nose lift, face contour, several botox injections and derma lightening procedures. Such audacity made me wonder, A  few months ago my dentist advice me for immediate tooth extraction due to threats of excruciating pain and halitosis. It took me almost 3 months to comply. If not for the excruciating pain I would never compel. Halitosis? Never mind. For me tooth extraction is” Calvary” little did I know that for health and beauty conscious women invasive cosmetic surgery is “Glory”.  I guess it’s because pain threshold is an individual personal perception of sufferance.
Reading through comments section netizens blame the woman for being so vain and relying much on doctors sculptural skills than that of God”s unique work of art. Hey, the girl did not use people’s money for the her cosmetic surgery so forget the blame and leave her alone. She’s dead remember? Somehow she prefers to die beautiful. Some say its medical malpractice, cosmetic procedures must be done gradually not simultaneously. My spinning mind asks, if she happens to survive, how will she able to live and adjust?  After liposuction, bust and butt augmentation how can she rest or sleep? Supine, prone, left lateral and right lateral positions all impossible…Is that why she had to die?
Vanity rhymes well with insanity. Men and women who had cosmetic enhancement surgeries and still longs for more needs to seek help from a doctor on psychiatry than a doctor on aesthetic and dermatology. Having movement limitations like stooping, jumping and swimming for fear of silicone falling is no longer called free living. Gauging more on fixing the brain first before the outside appearance should be a prerequisite.
In local beauty pageants we often hear this three words from judges and presenters Grace, Beauty and Brain. This means that being graceful and intelligent or brainy manifest your beauty. I guess now ,due to global changes, the new trend is Bravery, Courage, and Endurance. You need to be brave and courageous for enhancement surgery and endure this procedure one after another. It should be called enduring beauty or injuring beauty your choice of words, spelling and meaning.
Despite of all this, cosmetic surgery is still commendable. It has its flaws …yes but it can turn a dude into a girl. That’s magic. No matter what the consequences are, enhancement clinics are on the rise. People tend to patronize it more than the ordinary beauty salons. Soon make up kits will be obsolete. As simpletons says, “Die today, Die tomorrow the same die, so better get cosmetic surgery at least you die pretty.”