An Assessment of Competitive Factors in Medical Tourism

Abstract

Increasing globalization of the healthcare sector indicates that there are new opportunities for emerging markets to take a bigger share from the whole healthcare industry. This is realized in the form of medical tourism where people prefer to travel to different destinations to receive medical treatments and services. Medical tourists prefer to travel for several reasons like low cost, high quality care or shorter waiting periods. The industry is growing rapidly and the annual expenditure is estimated to be around US$ 30 billion at the end of 2019. The challenging amount of expenditure whets the appetite of the countries and competitiveness becomes crucial to take more market share in this respect. Therefore the factors that build up competitiveness is identified and assessed thoroughly. This paper makes a literature review on the subject and recommends a New research opportunity for Turkey in this field.

Exploring the challenges for medical tourism in the United Arab Emirates during the Covid-19 pandemic era: a stakeholder perspective

“…In 2017-18, the annual expenditure related to medical tourism globally was estimated to be US$ 30 billion (Ege and Uslu, 2018). Medical tourism is defined as a subset of health tourism in which tourists travel to other countries to receive medical treatment (Carrera and Bridges, 2006), which is not available in their country, or is more affordable overseas (Cesario, 2018).…”