| -- End Ad Box ---> | | | | Moreover, the government’s green signal to |
| After gaining its economy on semiconductors, ships | | | | seek foreign patients seems extremely beneficial for |
| and steel, South Korea is now pushing its surgeons' | | | | the industry, considering the sustainable increase in the |
| skills in the beauty business to carve out a new | | | | number of foreign patients. According to another |
| position. This is boosted by active government support, | | | | research report Emerging Medical Tourism in South |
| boom in cosmetic surgery and a pool of experienced | | | | Korea, South Korea received 25,000 foreign |
| surgeons. The country is looking forward to surpass | | | | patients in 2008, an increase of 56% from 16,000 in |
| Singapore, Thailand and India to become Asia's new | | | | 2007. The country received a large number of |
| medical tourism hub. As per our new research on the | | | | international patients from China, Japan and the |
| sector called Asian Medical Tourism Analysis | | | | Southeast Asian countries. |
| (2008-2012), the medical tourism market in South | | | | Asian Medical Tourism Analysis (2008-2012) |
| Korea is projected to grow at a CAGR of around | | | | provides statistical and in-depth analysis of the Asian |
| 30% during 2010-2012. | | | | medical tourism industry. The report also highlights |
| The growth in the South Korean medical tourism | | | | various key players in the industry and this will give |
| industry has been well-supported by the government | | | | clients a clear picture of the Asian medical tourism |
| efforts and initiatives. For example, in February 2009, | | | | market. This will help them in taking smart decisions |
| the government has reserved 5% of the total hospital | | | | while making investments in the market. |
| beds for foreign patients. It is mainly due to quality | | | | Moving ahead, the report discusses about the medical |
| services provided to foreigners visiting the country for | | | | tourism industry in the Asian countries. We have found |
| treatment and to ensure that there is enough space | | | | that countries like Thailand, Malaysia, Singapore, India |
| for domestic patients also. Besides, in an effort to | | | | and Philippines are also emerging as hot spots for |
| increase the share of private sector in the medical | | | | medical tourism. In this regard, the report provides |
| tourism industry, the government has allowed | | | | complete information about medical tourism industry in |
| State-licensed clinics and hospitals to directly seek | | | | these countries as well. It also highlights various key |
| foreign patients as part of South Korea's efforts to | | | | market trends, which are growing in line with the overall |
| become Asia's new medical tourism hub. | | | | industry growth. |