Medical Tourism News
Russia joins Malaysia , Turkey , Singapore , and Thailand , India as prime medical tourism destination with breakthrough cancer vaccine attracting global travellers
Destinations like Malaysia and Turkey have long been recognized for their state-of-the-art facilities and specialized treatments , while Singapore and Thailand attract medical tourists with their excellent healthcare systems and wellness packages . Now , Russia is carving a niche for itself in this competitive landscape .
The medical tourism industry thrives on the seamless integration of healthcare and hospitality services . Russia has taken strategic steps to enhance its medical tourism infrastructure , including the development of specialized medical centers , partnerships with international travel agencies , and simplified visa processes for medical tourists .
The cancer vaccine has already generated interest among global travelers , particularly those from regions where access to advanced cancer treatments is limited . By offering a combination of advanced medical care and cultural experiences , Russia aims to create a holistic medical tourism package .
The development of the cancer vaccine marks just the beginning of Russia ’ s journey in medical tourism . Plans are underway to expand the range of treatments available to international patients , including regenerative medicine , advanced diagnostics , and minimally invasive surgeries . Collaboration with global healthcare organizations and participation in international medical conferences are also part of Russia ’ s strategy to build credibility and attract more medical tourists .
Medical tourists can look forward to not only receiving world-class medical care in Russia but also exploring its vibrant culture and history . This combination of health and hospitality ensures a fulfilling experience , making Russia an attractive choice for global healthcare travelers .
Asean medical tourism set to outpace global revenue growth the region is projected to account for 40 % of global market share by 2032
The ASEAN medical tourism industry is expected to outpace the global market , said CGS International . The report said that the industry is projected to grow at a compound annual growth rate of 18 % until 2032 , according to Global Market Insights . The region is expected to command around 40 % of the global market .
Thailand ( TH ), Singapore ( SG ), and Malaysia ( MY ) were the top three ASEAN medical tourism destinations in 2023 , collectively generating an estimated $ 2.2b in revenue . However , growth trajectories within the region are expected to vary .
While Thailand ’ s fly-in patient revenue to grow at a slower 10 % p . a . over the next 5 years , and Singapore to stagnate , Malaysia is believed to see outsized growth amidst a slew of new private hospitals in the pipeline .
Meanwhile , emerging markets such as Vietnam and Indonesia are also positioning themselves as competitive destinations , particularly for costconscious patients .
However , growth in these countries is expected to materialise over the longer term , given the time required to establish infrastructure and train medical professionals .
14 ISSUE 6 | 2024 GlobalHealthAsiaPacific . com