Significant cost differences exist between treatment costs in Asia (India, Malaysia, Singapore and Thailand) and Australia and New Zealand. It is not just the treatment packages that are cheaper but the waiting period is also non-existent. As the potential savings for medical tourists are immense, most international patients have started preferring Asia for various types of medical treatments. One of the important things that you need to understand is that the cost of treatment may vary from one individual to the other depending on their specific medical condition. It is best to look at the many specialized packages available.
The treatment may span a complete range of medical services from a simple procedure to a complex one. Quicker access to treatment procedures is one of the main drivers of medical tourism. In most advanced countries you may have to wait for many months and in some cases even years to get a specific treatment procedure and this can be a frustrating wait for the patients. When you arrive in Asia for treatment, you are given utmost priority and this ensures that you are cured of your ailment at the earliest.
Big savings on medical treatment
Usually a procedure such as knee replacement may cost an average $30,000 in Australia and New Zealand but the same procedure may be 40 – 60% less when done in Asia. The low costs are not due to lower standards of treatment but on the contrary the procedures are on par with global standards of treatment. All the hospitals are well equipped and are of international standards.
The standard cost of treatment is just 20% of the total cost of treatment in most developed countries (USA and UK). Medical tourism is a rapidly growing industry and has been increasing by 20% – 30% each year. This industry is said to be worth more than $6 billion by the year 2015. In India medical tourism industry is worth more than $2.2 billion and is growing at 30% per year.
Singapore is also a popular destination for medical treatment in Asia with the country expected to receive more than one million patients each year. It is expected to earn more than $1.6 billion each year. Malaysia is also among the top four medical tourist destinations in Asia and the country expects to earn more than $590 million in the next five years. The number of medical tourist estimated to visit this region is 1.32 million. These tourists come from all over the world including Australia, New Zealand, USA and UK.
While Asia offers world standard medical treatment, it is usually the price of the procedures that is the deciding factor for patients choosing to come to this region for treatment. The hospitals are among the best in the world with expert doctors and nurses in different fields offering the best of pre and post treatment care. The medical packages combined with tourism make it an irresistible offer for international patients looking for health and fun.