Medical Tourisum-$1B industry

Medical Tourisum-$1B industry

“Across international borders to obtain medical care” Medical travel has increased dramatically over the past several years.

The attempt to achieve better health while simultaneously on a vacation has begun, and, a result, medical tourism has become a new and distinct niche in the tourist industry.

As consumers are seeking alternative sources for medical care — medical travel .In addition,, the attempt to achieve better health while on a vacation has begun, and, a result, medical tourism has become a new and distinct niche in the tourist industry. Medical tourism exists because there are disparities in laws and standards across the globe and because there are economic global inequalities. The exploitation of disparities in law is clear if the aim of the ‘medical tourist’ is to attain some treatment which is illegal in their home country. Rich individuals can purchase treatments, services or body parts such as gametes /organs in poor countries for lower prices than in their home countries. It includes ‘reproductive tourism’ which denotes practices such as travelling to for abortions; for Pre-Implantation Genetic Diagnosis (PGD); and global healthcare  IT connectivity and integration, Europeans’ and US citizens for donor eggs for reproductive treatments or to India for ‘surrogacy services’.

Medical tourism includes countries where euthanasia is illegal to countries such as Switzerland; travelling to countries with health services to access free treatment; travelling for economical cosmetic surgery and travelling to relatively poor countries to buy organs from live ‘donors’. Buyers of gametes are able to require anonymity and buyers of organs may require that their ‘vendor’ adopts a certain lifestyle before treatment.

Indian surrogates are far relatively low in price than their western counterparts, but they also submit to conditions which would be unacceptable.

During the period of pregnancy, many Indian surrogates are required to live in a separate away because mostly they fear from Indian culture and people rage from their own children. The nature of medical tourism is irrefutable – without such differences of wealth, in laws and in different jurisdictions, medical tourism would be impossible.

Medical outsourcing and surgical care to other nations has expanded quickly, and several ethical, legal, and financial considerations require careful evaluation.

The economy, quality, and satisfaction will be the major issue in the future of medical tourism. The medical tourism links patients to healthcare facilities, avoiding doctors during the initial stages. Doctors is certain to get in the technology race when the model feels better, and they have discovered the resources and chance to make referrals to consultants directly, like they actually do now.

Things will need to happen before clinical traveling:

1. the advance of a sustainable business design,
2. a doctor generated global healthcare referral network,
3. a universal regulatory, legal and socioeconomic ecosystem,
4. Patient awareness and acceptance.
5. Global healthcare IT connectivity and integration.

In way coming decade we can consider that the Asia will be the major hub for medical tourism for cardiac, diabetic, cosmetic, dental and most terminal illness. Also the medicines are more economical than in US and Europe.