The medical tourism market in South Korea is anticipated to grow
at a CAGR of around 30% during 2010-2012, says a new research by RNCOS.
Jun 08, 2010 – After gaining its economy on semiconductors, ships and
steel, South Korea is now pushing its surgeons' skills in the beauty business
to carve out a new position. This is boosted by active government support, boom
in cosmetic surgery and a pool of experienced surgeons. The country is looking
forward to surpass Singapore, Thailand and India to become Asia's new medical
tourism hub. As per our new research on the sector called “Asian Medical
Tourism Analysis (2008-2012)”, the medical tourism market in South Korea
is projected to grow at a CAGR of around 30% during 2010-2012.
The growth in the South Korean medical tourism industry has been well-supported
by the government efforts and initiatives. For example, in February 2009, the
government has reserved 5% of the total hospital beds for foreign patients.
It is mainly due to quality services provided to foreigners visiting the country
for treatment and to ensure that there is enough space for domestic patients
also. Besides, in an effort to increase the share of private sector in the medical
tourism industry, the government has allowed State-licensed clinics and hospitals
to directly seek foreign patients as part of South Korea's efforts to become
Asia's new medical tourism hub.
Moreover, the government’s green signal to seek foreign patients seems
extremely beneficial for the industry, considering the sustainable increase
in the number of foreign patients. According to another research report “Emerging
Medical Tourism in South Korea”, South Korea received 25,000 foreign patients
in 2008, an increase of 56% from 16,000 in 2007. The country received a large
number of international patients from China, Japan and the Southeast Asian countries.
“Asian Medical Tourism Analysis (2008-2012)” provides statistical
and in-depth analysis of the Asian medical tourism industry. The report also
highlights various key players in the industry and this will give clients a
clear picture of the Asian medical tourism market. This will help them in taking
smart decisions while making investments in the market.
Moving ahead, the report discusses about the medical tourism industry in the
Asian countries. We have found that countries like Thailand, Malaysia, Singapore,
India and Philippines are also emerging as hot spots for medical tourism. In
this regard, the report provides complete information about medical tourism
industry in these countries as well. It also highlights various key market trends,
which are growing in line with the overall industry growth.
For FREE SAMPLE of this report visit: http://www.rncos.com/Report/IM105.htm
Check DISCOUNTED REPORTS on: http://www.rncos.com/
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About RNCOS:
RNCOS specializes in Industry intelligence and creative solutions for contemporary
business segments. Our professionals study and analyze the industry and its
various components, with comprehensive study of the changing market behavior.
Our accuracy and data precision proves beneficial in terms of pricing and time
management that assist the consultants in meeting their objectives in a cost-effective
and timely manner.
Enter to win a free trip for two to exotic Seoul, South Korea, and experience
world-class health and wellness treatments while exploring the beauty of this
ancient city.
Watch as the Korean War Veteran Woody Anderson (Age 76) go through a medical health, dental treatment and plastic surgery in 10 days in South Korea. It takes Harvard Medical 4 weeks and 5 hours in South Korea for the medical exam.
Busan officials recently held a medical tourism conference in the United States,
an event that turned out to be a huge success and will likely help lure more
visitors here in the long-run.
