Category Archives: Reports,Features, Statistics

Medical tourism reintroduced to Cebu diplomatic corps

THE Cebu Health and Wellness Council (CHWC) has recently met with the diplomatic corps in Cebu to reintroduce the medical tourism packages that is being promoted in Cebu.

Patria Aurora Roa, Cebu Province tourism consultant, said the meeting was meant to inform the consuls here that Cebu is actively promoting medical tourism besides Mice, leisure, eco-tourism and culture and heritage, which they can promote to the country they represent.

CHWC is a private sector-led association of industry stakeholders that sets the direction in developing and promoting the health and wellness industry in Cebu.

According to Roa, Cebu has an advantage in the medical tourism arena because of its competitive medical tourism packages, which covers the accommodation, medical treatment and leisure.

She noted that tourists come to Cebu for light medical procedures and dental services.

“Our advantage is that we are cheaper in the medical procedures but not in accommodation. However, Cebu has plenty of alternatives. In fact, some tourists who come here, for instance, choose the homestay,” said Roa, who is the region’s former tourism chief.

Latvian consul Robert Joseph said the country has a strong potential to get a bigger share in the regional medical tourism market because of the country’s brand of hospitality, highly-qualified English-speaking medical professionals, competitive pricing in medical services and numerous tourist attractions like beaches that are ideal for recuperation.

On top of foreign tourists, another captured market of this tourism product are the overseas Filipino workers.

Ranking

The Philippines was among the top 15 medical tourism destinations in 2010. The country is ranked 11th in medical tourism, which has 80,000 medical tourists but trails behind Thailand (1st), Singapore (2nd), and Malaysia (5th), according to the state think thank Philippine Institute for Development Studies (PIDS).

Thailand has the top position among the medical tourism destinations, with a total of 1.2 million medical tourists in 2010. Other Asean countries have shown exemplary performance, with Singapore having 600,000 and Malaysia with 350,000 medical tourists that same year.

To improve the country’s status, Oscar Picazo, senior research consultant at PIDS, recommends the establishment of a coordinating body among offices and agencies involved in the medical tourism industry. A marketing campaign for the premier hospitals included under the Philippine Medical Tourism Program (PMTP) must also be crafted and implemented.

Recommendations

Attractive websites should also be developed to promote medical tourism instead of relying on less enticing news items and blogs. Medical facilities should also work toward international affiliations for quality assurance and vibrant medical campaign.

The industry, he added, should also take advantage of the Long Stay Visitor Visa
Extension, which is good for 36 months and urged local carriers to develop medical airline packages to attract more foreign tourists. He also called for stronger ties between hospitals and international health insurance companies will also build a responsive and transparent pricing of medical services.

Philippine hospitals, on the other hand, are advised to get accreditation from the Joint Commission International (JCI), as the country is still lagging behind in terms of JCI-accredited hospitals among its Asian competitors.

The JCI-accredited hospitals in Cebu are Chong Hua Hospital and Cebu Doctor’s Hospital.

source: http://www.sunstar.com.ph / Sun Star, Cebu / Home> Cebu> Business / by Katlene O Cacho / Wednesday – December 03rd, 2014

Penang accounts for 50% of medical tourists

George Town :

Penang has contributed about 50 % of the total medical tourist arrivals for the whole country, said Deputy Health Minister Datuk Seri Dr Hilmi Yahya.

According to him, there are about 1,000 patients a day coming to Penang for their medical treatment.

“They come to Penang to seek treatment in private hospitals in our country because they are confident with the medical services here,” he said during a press conference after launching Malaysian Healthcare Travel Council (MHTC) Concierge and Lounge at Penang International Airport (PIA).

Hilmi also pointed out that medical tourism is a big industry for this country which saw an overall increase of 15 % over the past two years.

“Revenue-wise, medical tourism brought about RM594 million in 2012 and RM690 million in 2013.

“This year we are expecting to collect about RM700 million,” he added.

MHTC Concierge and Lounge at PIA has been fully operational since July to provide a seamless healthcare travel experience for both medical tourism and patients.

The one-stop centre in PIA is the second to be set up in this country after klia2 to further boost and develop medical tourism in the region by providing a continuous healthcare travel experience.

Meanwhile, in the same press conference, Hilmi told reporters that a proposal to exempt 2,900 types of medicine prices from the Goods and Services Tax (GST) next year has been sent to Putrajaya.

However, the proposal is still at discussion level and has not been finalised yet.

“We will also discuss with pharmacists and stakeholders on how to regulate medicine prices after the implementation of GST,” he said.

source: http://www.thesundaily.my / The Sun Daily / Home / by Imran Hilmy, newsdesk@thesundaily.com / December 05th, 2014

Century Properties begins turnover of units at maiden high-rise medical facility

CenturyCT12dec2014

InterAksyon.com means BUSINESS

Manila :

Century Properties Group Inc has started turning over units at the Centuria Medical Makati, an outpatient medical-IT facility that will boost the real estate developer’s recurring income stream.

In a statement, the property firm of former ambassador Jose EB Antonio said the opening of the $100-million Centuria is slated for next year after doctors and tenants complete unit fit outs.

Located at Century Properties’ mixed-use development in Century City along Kalayaan Avenue in Makati, the 28-storey project has close to 700 clinics and office suites. Support facilities include a diagnostic laboratory to be operated by Hi-Precision Diagnostics, a hospital-grade day surgery center and recovery suites.

The building will be equipped with IT capabilities for the convenience of doctors and patients, as well as a trained medical concierge staff for locals and medical tourists. Centuria also has 18 commercial spaces for dining, wellness and pharmacy outlets.

“We are in the midst of a tremendous growth opportunity for health care and medical tourism. Centuria will address the need for facilities that will take these sunrise industries to the next level in the Philippines,” Antonio said.

“This medical facility is also an important component to our strategy of having a complete, integrated community at Century City, where you just don’t have offices, high-rise residences and a retail mall but also a modern outpatient healthcare facility,” he added.

Launched in 2010, Centuria is the second project to be completed by Century Properties in 2014 under its growing recurring income portfolio. In March, the company opened the Century City Mall located right in front of the medical-IT building.

Known for its portfolio of local and internationally renowned brand partners, Century Properties has been diversifying its product offerings through its recent ventures into retail, office and leisure developments.

source: http://www.interaksyon.com / Inter Aksyon / Home / by Krista Angela M Montealigre, InterAksyon.com / December 09th, 2014

Gallery

ITM University organizes International Seminar on Surrogacy and Human Rights

ITM University’s Law School organized an International Seminar on ‘Surrogacy and Human Rights’ against the backdrop of India becoming a popular destination for medical tourism and advancements in technology increasing the demand for gestational surrogacy here. At the global level, … Continue reading

Medical Tourism Market to Reach US$32.5 Billion in 2019

Albany , N.Y. :
Transparency Market Research has published a new report titled, “Medical Tourism Market (India, Thailand, Singapore, Malaysia, Mexico, Brazil, Taiwan, Turkey, South Korea, Costa Rica, Poland, Dubai and Philippines) – Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 — 2019”.

The report states that the global medical tourism market was valued at US$10.5 billion in 2012, and is expected to reach US$32.5 billion in 2019, growing at a CAGR of 17.9% from 2013 to 2019.

The medical tourism market has been growing at a fast pace due to increasing aging population, adoption of newer technologies to treat various medical products, and better exchange rates in the economy as a whole. As the geriatric population will rise in the coming years it will propel the medical tourism market, pushing the healthcare industry to make pricing of the treatments more competitive. The possibility of economic crisis in developed nations which has led to decrease in disposable incomes has also added to the growth of medical tourism market. Better pricing for cosmetic surgeries and shorter waiting period for treatment is also likely to accelerate the growth of global medical tourism market.

TMR is a U.S. based market intelligence company driven by a global team of high-pedigree industry consultants, analysts, and researchers. TMR leverages its worldwide Syndicated Research, Custom Research, and Market Consulting expertise to help businesses make accurate decisions.

source: http://www.indusbusinessjournal.com / IndUS Business Journal / Home> Articles-Archives / March 2014 / posted 12-1-2014