Medical tourism is a new buzzword in the Asian healthcare market with countries like India, Thailand and Singapore driving it. Services like radiology readings are also being increasingly outsourced to countries like India and Australia. The medical tourism industry is projected to achieve $4.4 billion in sales by 2012. Tele-radiology outsourced to India is expected to be a $350 million market by 2010.
Another notable trend is the shift in treatments from a secondary care setting to disease prevention and control in the primary care sector. The outbreak of SARS was one of the key reasons behind this shift with China leading the change.
Analysts at TechNavio expect healthcare spend in the APAC region to reach a little over $1.3 trillion in 2013, growing at a CAGR of 6.8%.
Key Market Trends:
· Increasing clinical research activity in emerging regions such as Latin America, East Europe & Asia
· Biotechnology fastest growing sector in the pharmaceutical market in the US.
· Increasing research and development of cancer biomarkers
· Increasing popularity of tailor made treatment based on patient™s genetic make-up
TechNavio research has extensively worked on various areas of the healthcare industry. For a complete list of reports visit https://www.technavio.com/content/healthcare
Medical Tourism and Outsourcing Driving Growth in the Asian Healthcare Market
