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Advancing the Medical Tourism Industry in China

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Submitted By robinchoo
Words 11924
Pages 48
Topic: Advancing the Medical Tourism industry in China

Abstract

Medical tourism is a lucrative industry but China is losing out in the competition of this challenging industry. The aim of this study is to analyze why China’s medical tourism industry is not performing as well as countries such as India or Thailand, and also to provide insights on how to go about leveraging on certain medical procedures that China have a comparative advantage in performing.

This study resulted in two findings. Firstly, there is a lack of hospitals with JCI accreditation which we found out was due to a lack of motivation from public hospitals to do so, and also a lack of transparency in the management of the Chinese hospitals. Secondly, we found that the three medical procedures with the biggest potential to spearhead the success of medical tourism in China are Heart Bypass Surgery, Hip Replacement Surgery and Traditional Chinese Medicine.

Keywords: Medical Tourism China JCI

Contents Page

Chapter 1 Introduction 1

1.1 What is Medical Tourism 1

1.2 Reasons for the popularity of Medical Tourism 2

1.3 Why do patients seek care at medical tourism destinations? 4

1.3.1 Low Cost 4

1.3.2 Avoid Waiting lists 6

1.3.3 Procedure not available in home country 6

1.3.4 Procedures unavailable or restricted by society and/or legal system 7

1.3.5 Tourism and vacations 7

1.3.6 Privacy and Confidentiality 7

Chapter 2 Global Market overview of Medical Tourism Industry 8

2.1 Rise of Asian Medical Tourism demand 9

2.2 Medical Tourism Facilitator / Agents 10

2.3 International Medical Procedures Costing 10

2.4 International Healthcare Arbitrage 12

2.5 Problems pertaining to Medical Tourism 13

Chapter 3 Medical Tourism Decision Model 14

3.1 Choice of International Country Location 15

3.1.1 Economic Conditions 15

3.1.2 Political Climate

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