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  1. #1
    Senior Member JohnDoe2's Avatar
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    As Chinese medical tourists multiply, online healthcare platform Chunyu turns matchma

    As Chinese medical tourists multiply, online healthcare platform Chunyu turns matchmaker

    PUBLISHED : Thursday, 23 July, 2015, 7:54pm
    UPDATED : Thursday, 23 July, 2015, 8:02pm
    ​Coco Fengcoco.feng@scmp.com@CocoF1026





    Visitors at a trade fair in Beijing talk to South Korean consultants about cosmetic surgery. Photo: CFP


    Chunyu, China’s No 1 online healthcare platform, has launched a cross-border service platform at a time when more Chinese medical tourists are heading to the US, Japan and South Korea for everything from heart transplants to Botox and rhinoplasty.

    In 2014, over 56,000 Chinese visited Korea to have cosmetic surgery, marking a 350 per cent climb from 2013, the China aesthetics & Plastic Surgery Association said.


    Although the service has officially been launched, patients will not be able to use Chunyu’s service until August 15, the company said.


    From that date onwards, it will enable them to consult directly with doctors on foreign shores or book surgery with just a few clicks of the mouse or taps on their mobile touchscreen.

    A Chinese tourist awaits the results of an X-ray at a hospital in Japan's Hokkaido prefecture. Photo: AFP

    The US is the top destination for Chinese frustrated by the limitations of their country’s healthcare system. Most Chinese medical tourists go overseas for cancer treatments or plastic surgery, according to local media reports.


    READ MORE: Top 5 destinations for China’s medical tourists


    The country’s cross-border healthcare market hit US$100 billion last year and is growing by a fifth each year, industry data show.

    It was once covered by offline agencies offering package deals. But online healthcare has flourished in the US, courtesy of companies like Zocdoc and WellDoc, and other developed markets in the last decade.

    Although traditional Chinese medicine practices like moxibustion (pictured) and acupuncture remain popular in China, younger generations and wealthy Chinese seem to put more faith in Western medicine and hospitals and doctors outside the country. Photo: Xinhua

    Beijing-based Chunyu has enabled more than 73 million users to consult Chinese doctors online since it was founded four years ago, it said. It claims that as demand has grown, it now sees 160,000 consultations a day.


    As the new platform remains embryonic in form and will not offic, it does not offer tremendous choice just yet.


    It said it has signed up 6,000 doctors around the world who can be consulted with, and is preparing a dozen package deals in various countries including Thailand and Japan.


    These deals usually include accommodation, flights and other collateral expenses, with prices ranging from 5,000 yuan (US$800) for a health check-up in Korea to 150,000 yuan for in-vitro fertilisation in Thailand.


    More Chinese internet giants are staking their claim to this industry.


    Ali Health, a subsidiary of China’s e-commerce king Alibaba, sells medicine and food supplements online, while JK.com operates a virtual hospital where users can consult doctors and buy medicine. JK’s parent company is Ping An Insurance, one of China’s largest insurers.

    http://www.scmp.com/tech/e-commerce/...latform-chunyu

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  2. #2
    Senior Member JohnDoe2's Avatar
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    Medical Tourism Market Will Reach USD 32.5 Billion by 2019

    With CAGR of 17.9% During the Forecast Period of 2013 to 2019: Transparency Market Research


    ALBANY, New York, July 23, 2015 /PRNewswire/ --


    High cost of medical treatment in developed countries has fueled the development of medical tourism, causing patients to visit other destinations for cheaper yet sophisticated treatment. Transparency Market Research, in a recent report, studies the emergence and growth of the global medical tourism industry.

    The report is 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" and is available for sale on the company website.


    Full Research Report on
    Medical Tourism Market with detailed figures and segmentation at:http://www.transparencymarketresearc...l-tourism.html


    According to the report, the value of the global medical tourism industry was pegged at US$10.5 billion in 2012. This is estimated to grow to US$32.5 billion by 2019, developing at a strong CAGR of 17.9% during the forecast period. Cultural similarities and geographic proximity play a vital role in the development of the medical tourism industry.


    Get Sample Report Copy OR For further inquiries, click here:
    http://www.transparencymarketresearc...g=S&rep_id=900


    Medical tourism is considered to be the direct impact of the globalization of healthcare services. The industry is recognized to have immense growth potential in numerous emerging economies, as a rising number of countries are striving to become major exporters of medical services. Some of the key countries that have emerged as prominent centers of medical tourism are Costa Rica, South Korea,the Philippines, Thailand, Brazil, Turkey, India, Taiwan, Poland, Dubai, Mexico,Malaysia, and Singapore.


    Browse the Press Release of this report, here:
    http://www.transparencymarketresearc...al-tourism.htm


    Asia has become one of the most prominent regions in the medical tourism industry over the past few years owing to the high quality of healthcare infrastructure and low cost of treatment. In 2012 alone, the region generated more than US$6.4 billion from the treatment of an estimated 2 billion foreign patients. Thailand has been the most popular destination for cosmetic surgeries. In 2012, an estimated 45% share of the total foreign tourist arrival in Asia was bagged by Thailand, which received 2.5 million foreign patients, mostly fromWestern Europe.


    Browse
    the Article of this report, here:http://www.transparencymarketresearc...al-tourism.htm


    India is known for its specialization in cardiac surgeries while Singaporespecializes in complex surgical procedures. Malaysia has been gaining popularity due to the availability of modern healthcare infrastructure and the presence of highly skilled medical professionals. Government support and cost-effective treatments are likely to make Malaysia the leading destination for medical treatment by the end of the forecast period. In 2012, 671,000 patients were treated in the country, which is expected to grow to 2 million by 2019.


    CIO, CTO & Developer Resources


    Other Published Reports by Transparency Market Research:



    Leading healthcare providers contributing to the global medical tourism market include Samitivej Sukhumvit, Min-Sheng General Hospital, Apollo Hospitals Enterprise Limited, Asian Heart Institute, Fortis Healthcare Ltd., KPJ Healthcare Berhad, Prince Court Medical Center, Bangkok Hospital Medical Center, Raffles Medical Group, and Bumrungrad International Hospital. These companies are profiled in the medical tourism market research report on the basis of attributes such as company and financial overview, patient services portfolio, recent developments, and business strategies.


    Medical Tourism Market, by Geography


    • India
    • Thailand
    • Singapore
    • Malaysia
    • Mexico
    • Brazil
    • Turkey
    • South Korea
    • Taiwan
    • Prospective Countries
      • Costa Rica
      • Poland
      • Dubai

    • Philippines


    Browse All Medical Devices Market Research Reports:
    http://www.transparencymarketresearc...reports-6.html


    About Us

    Transparency Market Research is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants, use proprietary data sources and various tools and techniques to gather, and analyze information.

    Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.

    http://news.sys-con.com/node/3380041
    Last edited by JohnDoe2; 07-24-2015 at 01:48 PM.
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  3. #3
    Senior Member JohnDoe2's Avatar
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    Medical tourism in a different light.

    Friday, 24th July 2015

    Source : Joyce Gioia, Strategic Business Futurist

    For many years, traveling to Asia or elsewhere for an expensive medical procedure was a financial imperative, complicated medical procedures were prohibitively expensive in patients' home countries, not to mention the challenging insurance issues.


    Now, the medical tourism landscape is changing; Asian nations are leading the way with cutting edge techniques and sophisticated United States government- approved technology.


    According to the Medical Tourism Association (MTA), an estimated 11 million healthcare consumers pumped USD $438.6 Billion into local and national economies overseas last year alone. That number represents 14 percent of the world’s tourism dollars.

    Hundreds of hospitals with a JCI Seal of Approval


    Today, places like Bangkok, Kuala Lumpur, New Delhi, and Singapore rival the US. In Asia, 212 hospitals have earned the coveted seal of approval from the Joint Commission International (JCI) that sets worldwide standards in health care.


    India is leading the way

    Last year in India, "the Heart Mate II", a mechanical heart, was transplanted into a 29-year-old Iraqi man in Gurgaon, southwest of New Delhi. Currently the most sophisticated FDA-approved technology available in the world, this device could soon replace conventional heart transplants altogether, because it eliminates rejection problems.
    Also in India, at Medanta Hospital in Gurgaon, 50 patients successfully received kidney transplants using a robot-assisted breakthrough procedure. Thailand already known as one of the best places in the world for cosmetic surgery now has become one of the top spots for eye and dental surgery as well.

    And certainly Singapore remains on the list for organ transplants, cancer treatment, cardiac surgery, and fertility treatment.

    Joining Singapore is Malaysia coming on strong for cosmetic surgery and comprehensive health checks. And finally, Korea is known for its stem cell treatments and spinal surgeries.


    Significant savings

    And due to the strength of the US dollar, the cost savings are even greater than before---up to 80 percent, when compared to Western hospitals.

    Plus, patients are able to spend longer times resting and recuperating in facilities that cost a lot less than their Western counterparts.

    KTO, the official South Korean tourist organization, projects medical tourism will reach 598,000 in 2015 and 998,000 in 2020---adding up to USD $3.4 Billion in revenue by 2020, for South Korea alone.


    Our forecast

    We project exponential increases in the number of people and revenue generated by medical tourism; all the pieces are already in place: leading edge techniques and services, along with well-trained physicians---many of whom were trained in the US and returned to their home countries. Years ago, we warned our readers that this exodus would happen. The future is here today.

    http://www.4hoteliers.com/news/story/14581
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