Cross-border travel for health reasons is a $40 billon market and growing at over 15% a year .Medical Tourism also Known as Health Travel can be broadly defined as provision of ‘cost effective’ private medical care in collaboration with the tourism industry for patients needing surgical and other forms of specialized treatment.
Traveling abroad for health is not a new phenomenon. Medical tourism is actually thousands of years old. In ancient Greece, pilgrims and patients came from all over the Mediterranean to the sanctuary of the healing god, asklepios; the god of healing was located at Epidaurus. In roman Britain, patients took the waters at a shrine at bath, a practice that continued for 2,000 years. During 18th century wealthy Europeans used to visit health resorts in North Africa. But in the past seven years or so, the movement has accelerated sharply. It is growing rapidly and turning out to be an immense business opportunity for nations which have the strategic advantage of having resources in terms of medical technology, infrastructure and right human resources
The reason for Travel may be different like Cost difference, Lesser Waiting period, Non Availability of Treatment in home country etc.
Popular treatments abroad are mainly Knee Replacement, Hip Replacement, Heart Surgery, Dental Treatments, Cosmetic Surgery, Hair Transplant Surgery and Eye Surgery
Depending on the location and procedure, a medical vacation can cost 50%, 30%, or even 10% of what you would pay at home.