Home » Why are Consumers Open to Medical Tourism?

Why are Consumers Open to Medical Tourism?

by Admin

Medical tourism is a booming global trend, one that is ruling the roost with rising consumer willingness to travel for advanced healthcare services. The development of the information technology system and shifting consumer preferences have created a ripple effect. Medical tourism is positioned as a new investment hub delivering high added values to various countries. In essence, cosmetic surgery medical tourism has become the next big thing among consumers warranting overseas treatment. Fortune Business Insights™ states the market for medical tourism could garner USD 53.51 billion by 2028 at a CAGR of 21.2% during the forecast period.

Medical tourism is an act of traveling to seek economical or specialized medical care, recuperation, and well-being. Whether the destination is a neighboring country or an exotic resort halfway around the globe, consumers are profoundly cashing in on the upsides of medical tourism. Medical tourism is witnessing exponential growth on the back of favorable regulations. Here are some of the pointers, included but not limited to, elucidating the American Medical Association guidelines for overseas medical care:

  • Patients need to have access to physician licensing and outcomes data and facility accreditation
  • The cost of follow-up care upon return must be included in the coverage for travel outside the U.S. for care
  • HIPAA guidelines should be complied with when transferring patient medical records
  • Patients have the right to be informed of rights and legal recourse before traveling outside the U.S.

Some of the most common types of procedures patients undergo in overseas, included but not limited to, are:

  • Cosmetic surgery
  • Heart surgery
  • Dental procedures and surgery
  • Surrogacy
  • Stem cell therapy
  • Oncology
  • Weight Loss
  • Sex reassignment
  • Fertility

Cosmetic Surgery: Trend or a Fad?

Traveling for healthcare reasons was the next big thing until the COVID-19 pandemic, jolting travel plans. The healthcare sector has seemingly risen to the new challenges stemming from the pandemic. In doing so, cosmetic surgery could be reshaping how, what, and where work is performed, ramping up virtual healthcare services.

There has been a palpable shift from traveling to more advanced, affluent nations to less developed countries to access health services, mainly spurred by the low-cost treatments prevalent in the latter countries and substantiated by cheap flights.

“Cosmetic tourism” could reshape the global dynamics as it has observed immense popularity amidst the stigma once attached to it. The cosmetic tourism industry for breast augmentation has taken the world by storm. According to Cleveland Clinic, breast augmentation tends to have high satisfaction rates. However, it advises assessing the pros and cons of having the surgery. Citing data, the organization states that approximately 300,000 Americans have breast augmentation surgery every year. Breast implant options, such as silicone breast implants, saline breast implants, round breast implants, and textured breast implants, have become massively popular in overseas.

Consumers have exhibited an immense inclination for low-cost cosmetic surgery, leading patients to prioritize price over safety. According to the 2020 statistics from the American Society of Plastic Surgeons, the average cost of breast augmentation surgery is USD 4,516. According to the International Society of Aesthetic Plastic Surgery’s Global Survey 2020, around 1,624,281 breast augmentation surgical procedures were performed while liposuction procedures stood at 1,525,197. The organization also claimed that around 4,667,931 procedures were performed in the U.S. while nearly 2 million procedures were observed in Brazil.

Considering the trend for medical tourism, the Centers for Disease Control (CDC) introduced guidelines for patients seeking treatment abroad. The health governing body claims flying after surgery could amplify the risk for blood clots. The CDC recommends that patients who had surgeries of eyelids, face or nose should abstain from air travel for minimum of seven days.

With the quest for beauty gaining traction, cosmetic procedures could be a trend surgeons seek, or it may be a fad for critics.

Blockchain on the Horizon in Healthcare

With healthcare becoming more patient-centric, blockchain technology has permeated the healthcare sector and created a seismic shift in the global medical tourism industry. Blockchain can streamline the management of electronic health record systems and create advanced medical devices. Amidst soaring competitiveness in the industry, blockchain could be the game-changer to reduce healthcare costs and bolster quality care. A study by researchers at Cambridge University asserted that incorrect or modified clinical trial data could be detected by a unique code generated by the blockchain system. Given that the technology could help build trust for flourishing medical tourism, it could be worth a bet.

An unprecedented rise in clinical trials, patient medical records, and data surge have furthered the need for blockchain. The proliferation of information from wearables, mobile devices, and EHR could be streamlined through the technology. In addition, blockchain could prove to be fruitful for smart contracts between providers and patients and payers and providers. The safety and security of the transaction and doing away with the exorbitant intermediary provide a lucrative portfolio for stakeholders.

While the technology is brimming with growth, it is still in its nascent stage in the healthcare sector. The blockchain-based solution could be a viable tool for recommendations and is on course to provide transparent access to healthcare.

Medical Tourism—Potentials

Several patients seek medical care abroad to access faster care, better technology, and specialized treatment potentially unavailable in their country. Major drivers that hold prominence in encouraging patients to prefer overseas treatment are:

  • Better quality care
  • Shorter waiting periods
  • Cosmetic services
  • Access to services not available or approved in their country

A palpable trend for medical tourism operators has also become pronounced over the past few years. Facilitators, such as medical travel planners, travel agencies, and hotel groups, are exploring opportunities in the healthcare tourism sector.

Caveats

There is no denying that the practical and financial upsides of medical tourism have triggered a wave of innovation in the treatment abroad. Meanwhile, the Achilles heel of medical treatment overseas could be hard to ignore. The prevalence of poorly trained surgeons, quality of staff, and the facility could prompt patients to take a backward step.

Looking Ahead: Opportunities for Consumers

The rapid evolution of medical tourism has accentuated the need for collaborations among governments, insurance companies, providers, tourism operators, and consumers. For instance, insurance companies could offer additional products that can incentivize patients inclined to travel. Consumers could seek high-quality, low-cost, and offshore treatment options to streamline access to care.

As patients seek treatment abroad, the following major questions could help boost decision making:

  • Are personal health records or other electronic tools available to facilitate coordination?
  • Are medical equipment and clinical information technologies up-to-date? Is the foreign medical site internationally accredited?
  • How much and what type of additional access is needed through medical tourism services?

The growth of medical tourism is well poised to be spurred by consumerism, quality, cost, and foreign economic development. Stakeholders are likely to turn potential adversities into opportunities through careful planning and investments in innovations.

 

If you are ready to grow your business via SEO services then contact our professional SEO management team member.
Spread the love

You may also like

28 comments

zoritoler imol April 5, 2022 - 9:17 am

I am really impressed with your writing skills and also with the layout on your weblog. Is this a paid theme or did you customize it yourself? Either way keep up the excellent quality writing, it is rare to see a nice blog like this one these days..

Reply
Keiko Cranor April 24, 2022 - 5:16 pm

Appreciate it for this tremendous post, I am glad I observed this web site on yahoo.

Reply
Europe, Africa, USA, Asia Australia Travel April 26, 2022 - 11:30 pm

Wow, amazing weblog layout! How lengthy have you ever been blogging for? you made running a blog look easy. The full glance of your web site is magnificent, as smartly as the content material!

Reply
transfer porto seguro trancoso April 27, 2022 - 4:16 am

certainly like your web-site but you need to check the spelling on several of your posts. Many of them are rife with spelling issues and I find it very bothersome to tell the truth nevertheless I will definitely come back again.

Reply
buy african serval cat April 27, 2022 - 5:32 am

I like this site because so much useful stuff on here : D.

Reply
service laptop hp April 27, 2022 - 8:24 am

Thank you for sharing with us, I conceive this website genuinely stands out : D.

Reply
ekspedisi container bekasi April 27, 2022 - 11:05 am

Greetings! I know this is somewhat off topic but I was wondering if you knew where I could get a captcha plugin for my comment form? I’m using the same blog platform as yours and I’m having difficulty finding one? Thanks a lot!

Reply
id sakura school simulator terbaru April 27, 2022 - 11:08 am

Definitely believe that that you stated. Your favorite reason appeared to be at the net the simplest factor to bear in mind of. I say to you, I definitely get irked at the same time as other folks consider worries that they plainly don’t know about. You managed to hit the nail upon the highest and also defined out the whole thing with no need side effect , other people could take a signal. Will likely be again to get more. Thank you

Reply
retrieve snapchat account April 27, 2022 - 11:31 am

There are actually a whole lot of particulars like that to take into consideration. That is a nice level to bring up. I provide the thoughts above as normal inspiration but clearly there are questions like the one you carry up where the most important factor shall be working in sincere good faith. I don?t know if greatest practices have emerged round things like that, however I am sure that your job is clearly recognized as a fair game. Both boys and girls really feel the impact of just a moment’s pleasure, for the remainder of their lives.

Reply
taurus 692 tracker April 29, 2022 - 5:16 pm

fantastic post, very informative. I wonder why the other experts of this sector do not realize this. You must continue your writing. I am confident, you’ve a great readers’ base already!

Reply
honeydew nectar collector May 1, 2022 - 6:44 pm

I went over this internet site and I conceive you have a lot of great information, saved to fav (:.

Reply
Alphonso Spiry May 1, 2022 - 9:32 pm

I’m really enjoying the design and layout of your blog. It’s a very easy on the eyes which makes it much more pleasant for me to come here and visit more often. Did you hire out a developer to create your theme? Outstanding work!

Reply
Jon Chopra May 2, 2022 - 7:19 am

I just could not depart your website before suggesting that I actually loved the standard information an individual provide for your guests? Is gonna be back ceaselessly in order to investigate cross-check new posts.

Reply
check out the post right here May 2, 2022 - 10:25 am

My spouse and I stumbled over here coming from a different website and thought I might check things out. I like what I see so now i am following you. Look forward to looking at your web page again.

Reply
SEO May 3, 2022 - 8:03 am

Hello. fantastic job. I did not imagine this. This is a remarkable story. Thanks!

Reply
Usaq masinlari ucuz May 4, 2022 - 6:56 am

Thank you, I’ve recently been searching for info about this subject for ages and yours is the greatest I have discovered so far. But, what about the conclusion? Are you sure about the source?

Reply
Dating app for iphone May 4, 2022 - 6:44 pm

I have been absent for a while, but now I remember why I used to love this blog. Thank you, I will try and check back more frequently. How frequently you update your website?

Reply
kick ass torrent news May 7, 2022 - 10:53 pm

Nice post. I learn something more difficult on different blogs everyday. It is going to at all times be stimulating to read content material from other writers and practice a bit of something from their store. I’d desire to make use of some with the content on my blog whether or not you don’t mind. Natually I’ll give you a link on your internet blog. Thanks for sharing.

Reply
backpage alternative personals May 8, 2022 - 12:37 am

Hi there! I simply wish to give a huge thumbs up for the nice info you may have right here on this post. I can be coming again to your weblog for extra soon.

Reply
ถ้วยชาม May 8, 2022 - 6:52 am

Keep functioning ,impressive job!

Reply
steffen May 8, 2022 - 8:38 am

Oh my goodness! an amazing article dude. Thanks However I’m experiencing subject with ur rss . Don’t know why Unable to subscribe to it. Is there anyone getting equivalent rss drawback? Anyone who knows kindly respond. Thnkx

Reply
ยางรถบรรทุก May 10, 2022 - 8:49 pm

I truly wanted to make a quick note in order to thank you for all of the remarkable ideas you are posting on this site. My particularly long internet search has at the end of the day been compensated with really good know-how to exchange with my partners. I would state that that most of us website visitors actually are quite fortunate to be in a remarkable network with so many marvellous people with helpful tips and hints. I feel extremely happy to have used your entire weblog and look forward to many more fabulous times reading here. Thanks a lot once again for everything.

Reply
judi slot May 11, 2022 - 4:42 pm

I was looking at some of your blog posts on this site and I think this internet site is rattling informative! Retain putting up.

Reply
hire a professional hacker May 11, 2022 - 6:07 pm

Hi , I do believe this is an excellent blog. I stumbled upon it on Yahoo , i will come back once again. Money and freedom is the best way to change, may you be rich and help other people.

Reply
adult search engines May 11, 2022 - 6:20 pm

I am forever thought about this, appreciate it for posting.

Reply
cool discord commands May 11, 2022 - 7:28 pm

What¦s Taking place i am new to this, I stumbled upon this I have discovered It positively useful and it has aided me out loads. I hope to give a contribution & aid other customers like its aided me. Great job.

Reply
go daddy domain appraisal May 11, 2022 - 9:42 pm

I’ve read a few good stuff here. Certainly worth bookmarking for revisiting. I surprise how much effort you put to make such a excellent informative web site.

Reply
relative links vs absolute links May 12, 2022 - 2:28 am

I actually wanted to compose a brief message in order to say thanks to you for all the stunning tricks you are writing here. My extensive internet search has finally been paid with reasonable content to talk about with my guests. I ‘d tell you that most of us readers are very fortunate to be in a decent website with so many awesome professionals with very beneficial tricks. I feel rather grateful to have come across your entire website and look forward to plenty of more pleasurable minutes reading here. Thanks a lot once more for all the details.

Reply

Leave a Comment