Dr. Jaemin Park’s Post

Currently top medical tourism destinations in Southeast Asia are Singapore, Thailand and Malaysia. Singapore leads in terms of $ revenue generated, while Thailand and Malaysia lead in terms of headcount. In light of rising interest for Philippines as the investment destination of choice, how should Philippines position to promote more investment into medical tourism and innovation? Some preliminary thoughts include: - More training funds for young doctors who pursue the specialties of focus more investment, public and private, in those select specialties and medical innovations for those services - Build more local and foreign partners to promote the select specialties, including hospitals, pharma, medical device manufacturers - Tie up with hospitality providers for a package medical care to attract foreign patients to the Philippines, as well as medical tourist agencies from Middle East who bring patients here. This month Heal Venture Lab is hosting a Philippine healthcare roundtable on promoting medical tourism and medical innovation for the country, and how the public and private sectors, as well as local and international players can work together. The panel will include - Dr Stephen Phua of Heal Venture Lab - USec Francie Laxamana of Department of Health (Philippines) - Rey Dimaano of Century Properties Group - Alfonso (Chito) Zulueta of Zuellig Pharma - Dr. Nolnabhas Yaemsaard of patRangsit Hospital Group - Antoine Blanc of Index Partners The event will take place on Feb 20th, 5:30 pm at Common Ground Coworking Philippines, 8 Rockwell. Event sponsored by patRangsit Hospital Group. Please RSVP via the QR code. #philippineshealth, #medicaltourism, #medicalinnovation

𝐌𝐞𝐝𝐢𝐜𝐚𝐥 𝐓𝐨𝐮𝐫𝐢𝐬𝐦: 𝐒𝐨𝐮𝐭𝐡𝐞𝐚𝐬𝐭 𝐀𝐬𝐢𝐚’𝐬 𝐏𝐫𝐞𝐬𝐜𝐫𝐢𝐩𝐭𝐢𝐨𝐧 𝐟𝐨𝐫 𝐇𝐞𝐚𝐥𝐭𝐡𝐜𝐚𝐫𝐞 𝐃𝐨𝐦𝐢𝐧𝐚𝐧𝐜𝐞? The world is getting older, and with age comes a growing need for quality healthcare. But while the demand soars, access to top-tier medical care remains uneven. Southeast Asia, however, is rewriting the script. ✨ Could medical tourism be the key to transforming the region into a global healthcare powerhouse? 🌍 Southeast Asia’s medical tourism sector has exploded in recent years. Powered by world-class facilities, affordable prices, and highly skilled professionals, countries like Thailand, Singapore, and Malaysia have become medical tourism magnets. 💉 In fact, the Medical Tourism Index ranks Southeast Asia’s average score higher than even America’s. Imagine saving 50-75% on your medical bills in Thailand, all while receiving top-notch care. 💵 But what makes Southeast Asia’s medical tourism a success? 🤔 • 𝐂𝐨𝐬𝐭-𝐄𝐟𝐟𝐞𝐜𝐭𝐢𝐯𝐞𝐧𝐞𝐬𝐬: Procedures often cost a fraction of what they do in Western countries.💲 • 𝐐𝐮𝐚𝐥𝐢𝐭𝐲 𝐨𝐟 𝐂𝐚𝐫𝐞: Many hospitals are internationally accredited and staffed by internationally trained physicians. 🏅 •  𝐀𝐜𝐜𝐞𝐬𝐬𝐢𝐛𝐢𝐥𝐢𝐭𝐲: Simplified visa processes and English-speaking staff make the experience seamless for international patients. 🌐 • 𝐂𝐮𝐥𝐭𝐮𝐫𝐚𝐥 𝐀𝐩𝐩𝐞𝐚𝐥: The region’s rich culture and natural beauty provide a healing environment beyond the hospital walls. 🌸 Southeast Asia’s rise in medical tourism isn’t just about filling hospital beds – it’s about reshaping the global healthcare landscape. 🌟 The region is proving that world-class healthcare can be accessible and affordable, positioning itself as a major player in the future of medicine. 🔬 The question isn’t whether Southeast Asia will become a healthcare powerhouse, but how quickly it will claim its place at the top. 🌏 #SoutheastAsia #Medical #Healthcare #medicaltourism #APAC #knowledgesharing #cancertreatment — Arches is the leading human capital sharing platform in the Asia Pacific, connecting subject matter experts with you. 👉 Discover more insights and innovations with us at: arches-global.com

#ThoughtfulThursday: Medical Tourism Medical tourism has become increasingly popular over the past few decades as more people seek high-quality yet inexpensive medical treatments. A PIDS policy note revealed that although the country offers cheaper surgical procedures than its Asian rivals, Philippine medical tourism receives a tiny portion of the medical tourism market. In 2010, Thailand was the top destination, with 1.2 million medical tourists, followed by Singapore, India, and Malaysia, while the Philippines had yet to establish itself as a major player in this market. Learn more about this PIDS study here: https://lnkd.in/gAdHer_a

Discover the dynamic landscape of medical tourism in the ASEAN region in this insightful article. Learn about the factors driving growth and the role of countries like Malaysia and Thailand as key players in this thriving industry. Read into the details of advancements in healthcare infrastructure and specialised treatments, shedding light on the competitive pricing and collaborative efforts shaping the future of medical tourism. Read the full article here: https://lnkd.in/gJexUkQq #MedicalTourism #ASEAN #HealthcareIndustry #Healthcare #SEAsia

The increase in medical tourism in Asia has been driven by globalization, digitization, and other key factors, especially in South East Asia. Here are three significant highlights: - Globalization and Digitization Impact: The globalization of healthcare and digital technologies have revolutionized medical tourism, erasing borders for patients seeking high-tech medical care. The ease of obtaining medical visas has led to continuous growth in the world market, with Thailand and Malaysia opening borders to visa-free Chinese and Indian tourists. - Factors Driving Medical Tourism in Asia: The low cost of complex surgeries and skilled doctors make Asia an attractive destination for medical tourists. High-quality healthcare, international standards, easy visa acquisition, non-face-to-face care, insurance billing systems, language expertise, and accessibility are key in attracting international patients. - Value of Tourism to Seniors' Health: Tourism is vital for active aging, impacting seniors' physical and mental health. This recognition has implications for the rise in medical tourism in Asia, especially for seniors seeking healthcare and wellness experiences. #MedicalTourism #AsiaHealthcare #Globalization #Digitization #SeniorsHealth #PositiveAging #HealthcareDestination #SouthEastAsia #MedicalInnovation

𝐅𝐮𝐭𝐮𝐫𝐞 𝐨𝐟 𝐌𝐞𝐝𝐢𝐜𝐚𝐥 𝐓𝐨𝐮𝐫𝐢𝐬𝐦: 𝐓𝐫𝐞𝐧𝐝𝐬, 𝐄𝐜𝐨𝐧𝐨𝐦𝐢𝐜 𝐈𝐦𝐩𝐚𝐜𝐭 & 𝐂𝐡𝐚𝐥𝐥𝐞𝐧𝐠𝐞𝐬 𝐆𝐞𝐭 𝐚 𝐅𝐫𝐞𝐞 𝐒𝐚𝐦𝐩𝐥𝐞 𝐆𝐮𝐢𝐝𝐞: https://lnkd.in/dSwutSva In recent years, the global medical tourism industry has emerged as a thriving sector, experiencing remarkable growth and transformation. With an increasing number of patients seeking quality healthcare services abroad at more affordable costs, this market continues to expand and diversify. Key factors driving the growth of the medical tourism market include: 🌍 Cost Savings: Patients often seek treatments in countries where healthcare costs are significantly lower. Procedures such as dental care, cosmetic surgery, and major surgeries are frequently pursued at a fraction of the cost compared to developed nations. ✈️ Access to Advanced Treatments: Many countries now offer cutting-edge medical technology, specialist treatments, and world-class hospitals. Patients are traveling to receive services that may not be available or easily accessible in their home countries. 🌐 Highly Skilled Healthcare Professionals: With the rise of internationally accredited hospitals and clinics, patients are more confident in the expertise of doctors and healthcare providers abroad, leading to better outcomes and patient satisfaction. 🛏️ Comprehensive Care Packages: Medical tourism providers offer all-inclusive packages, which include not only medical treatment but also accommodation, transportation, and post-treatment care, making it easier for patients to focus on their recovery. 💼 Government Initiatives and Investment: Many governments are actively promoting their countries as medical tourism destinations by enhancing healthcare infrastructure, streamlining visa processes, and developing partnerships with international healthcare institutions. As the demand for affordable, high-quality healthcare continues to rise globally, the medical tourism industry is poised for continued growth. This sector offers unique opportunities for healthcare providers, investors, and policymakers to collaborate and innovate, improving healthcare access for patients worldwide. 💡 Key Players: MOHW Hengchun Tourism Hospital Apollo Hospitals Bumrungrad International Hospital Mount Elizabeth Hospitals, Singapore Raffles Medical Group BLK - Max Super Speciality Hospital Kasemrad Hospital International Rattanathibet Mission Hospital Bangkok Hospital MIOT International Penang Adventist Hospital #MedicalTourism #HealthcareAbroad #GlobalHealthcare #MedicalTravel #AffordableHealthcare #WellnessTravel #HealthTourism #MedicalVacations #DentalTourism #CosmeticSurgeryAbroad #CardiacSurgeryTourism #PlasticSurgeryAbroad #FertilityTourism #HealthcareJourney #TravelForTreatment

𝐌𝐞𝐝𝐢𝐜𝐚𝐥 𝐓𝐨𝐮𝐫𝐢𝐬𝐦 Boon or Bane? The Straits Times published a feature today on Penang as a medical hub 🟢 1 million Indonesians seek healthcare in Malaysia 🟢 50% of the revenue from medical travel is captured in one state #Penang 🟢 1 Penang hospital, Island Hospital Penang, dominates with 200,000 medical travelers in a year (Island Hospital was recently in the news for the upcoming acquisition by IHH Healthcare for an eye-watering MYR 3.9 billion or roughly USD 900 million) ✈️ Pertinent comments in the article also about taking an ecosystem approach and ensuring infrastructure like airports etc need to be grow in tandem. 🏥 No mention however of effects on healthcare affordability, accessibility and quality for the locals. ~~~~~~~~~~~~~~~~ 🇸🇬🇸🇬🇸🇬🇸🇬🇸🇬🇸🇬🇸🇬🇸🇬🇸🇬🇸🇬 I recall the SingaporeMedicine initiative launched in 2003 by then-Health Minister Khaw Boon Wan which had the ambition of 1 million medical travelers by year 2012, creating 13,000 well-paying jobs for Singaporeans and increasing the sector’s contribution to GNP from 1 to 3%. Clearly these aspirations did not come to pass… but failure here might be a blessing. 𝐖𝐚𝐬 𝐒𝐢𝐧𝐠𝐚𝐩𝐨𝐫𝐞 𝐛𝐞𝐭𝐭𝐞𝐫 𝐨𝐟𝐟 𝐰𝐢𝐭𝐡 𝐚 𝐟𝐚𝐢𝐥𝐞𝐝 𝐒𝐢𝐧𝐠𝐚𝐩𝐨𝐫𝐞𝐌𝐞𝐝𝐢𝐜𝐢𝐧𝐞 𝐢𝐧𝐢𝐭𝐢𝐚𝐭𝐢𝐯𝐞? This is the sort of assignment I would set for my public health and public policy students 😊 And a chapter when I finally get around to writing my updated book on the Singapore Health System! Jason CH Yap Clive Tan Jit Khong Goh Woei Teoh, MBA Dr. Num Tanthuwanit Dr Prem Kumar Nair Daphne Khoo

Medical tourism presents both opportunities and challenges. The growth of Penang as a medical hub, attracting over 1 million Indonesians and significant foreign investments, is a testament to the region’s healthcare appeal. However, while this ecosystem approach benefits infrastructure like airports and hospitals, the article raises a critical question: how does this impact the affordability and accessibility of healthcare for local residents? It's essential (politically) to balance medical tourism's economic gains with maintaining quality healthcare for all. #MedicalTourism #HealthcareAccess #Penang #HealthEquity #GlobalHealth

Doing market research is essential for the medical tourism industry in Latin America! 📊 From my perspective, understanding the nuances and complexities of this emerging market is vital for success. Researchers and agencies have a unique opportunity to provide valuable insights into the healthcare tourism market. Below I have highlighted some of the key areas to focus on: - Language and dialect differences 🗣️ - Cultural nuances 🌎 - Industry-specific considerations 🏥 Effective market research will play a pivotal role in shaping the future trajectory and success of medical tourism in Latin America. By understanding the dynamics, trends, opportunities, and challenges within the sector, stakeholders can make informed decisions to enhance accessibility, affordability, and quality of healthcare services for patients seeking treatment abroad. Subscribe to our Newsletter today for more news around MedTech and Medical tourism - https://lnkd.in/emCsJRvG #MarketResearch #MedicalTourism

In order to promote medical tourism in Malaysia for Bangladeshi patients, ShareTrip and the Malaysian Health Tourism Council (MHTC) have entered into a strategic partnership for the first time. Source Link: https://lnkd.in/gyPYX6Hj #ShareTrip #MalaysianHealthTourismCouncil #BrandInsights #BrandPartnership #BrandCollaboration #BrandPartnership #StrategicPartnership #News #LatestNews #TodaysNews #brandpractitioners