RSS| "Medical Tourism in Turkey" March 12-13, Chicago |
Model Partnership in Healthcare: United States and TurkeyMarch 12-13, 2010 - Chicago
Turkish American Chamber of Commerce & Industry - Midwest MODEL PARTNERSHIP IN HEALTHCARE: UNITED STATES AND TURKEY MEDICAL TOURISM The phenomenon of receiving healthcare abroad has grown over the past several years. Due to increasing healthcare costs at home, more and more Americans and Europeans are traveling abroad seeking medical treatment, which is commonly referred to as “medical tourism”. Medical travel, health tourism, or global healthcare are also commonly used terms for this practice. People are now choosing to receive healthcare in places where they can receive comparable or better quality treatment at lower costs. They prefer shorter or no waiting periods and quicker access. Currently the world medical tourism industry is estimated to amount over $60 billion and is expected to exceed over $100 billion within the next two years.The Deloitte 2008 Survey of Health Care Consumers had predicted that outbound medical tourism will experience an explosive growth over the following three to five years. In 2007, 750,000 Americans traveled abroad for treatment. Estimates for 2008 were 1 million, for 2009 were 3 million, and for 2010 over 6 million Americans were expected to travel abroad for medical treatment in search of better prices, better quality, better access and better availability. Extended recession and the economic downturn slowed down this expected exponential growth substantially as consumers started delaying non-urgent elective medical procedures and treatments during 2008 and 2009. The number of outbound patients were well below 1 million both years. Based on economic slowdown and other factors, Deloitte revised these estimates in 2009, and announced their recession-adjusted estimates for 2010 as a little under 1 million patients. Nevertheless, starting in 2010, they predict a sustainable annual growth of 35% with and estimate of 1.6 million patients by 2012. To learn more about the medical tourism industry potential in Turkey please contact us at info@MedicalTourismInTurkey.org. |
