Overseas medical tourism, the blue ocean opportunity in the Red Sea market

Going to the United States for cancer treatment, Korean plastic surgery, Japanese medical examination, Swiss anti-aging... Such overseas medical tourism seems to have become an unstoppable trend.

According to a research report released by the US market consulting firm Transparency Market Research earlier this year, it is estimated that the global medical tourism market will increase from the current $10 billion to $30 billion in 2019, and that the global medical tourism market will be compounded from 2013 to 2019. The average annual growth rate will reach 17.9%.

Overseas medical tourism, the blue ocean opportunity in the Red Sea market

According to the definition of the World Tourism Organization, medical tourism mainly refers to tourism services with the theme of medical care, disease and health, rehabilitation and rest and recuperation. According to industry sources, after 10 years, the domestic overseas medical tourism market may be as developed as today's study abroad market.

According to the incomplete statistics of arterial networks, there are currently thousands of overseas medical service institutions in China, most of which are in the economically developed north. Mainly divided into three types :

Overseas medical tourism, the blue ocean opportunity in the Red Sea market

Among them, “accompanying companies” are mostly value-added services of traditional travel agencies, so they generally only assist with appointments, translations, and no other services.

Characteristics of “ referral agency ”: There are referral cooperation agreements, but most of them cooperate with overseas medical intermediaries. The “new medical service organization” generally has an overseas branch and directly connects with medical institutions/clinical experts to maximize the medical needs of patients.

Although the categories are similar, they are focused on overseas health care projects, ranking in the top ten (in no particular order):

Overseas medical tourism, the blue ocean opportunity in the Red Sea market

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