Medical Tourism To Play Significant Role In Recovery Of Asian Economies

Medical Tourism To Play Significant Role In Recovery Of Asian Economies

Asian economies are expected to fully recover from effects of the global recession, with the medical tourism and retirement sectors touted as sunrise industries that will propel the economic production of the region.

The Asian Development Bank ( ADB ) earlier vocal that developing Asia ' s GDP would spring up by 7. 5 % this year, a big leap from 5. 2 % in 2009. The projected production percentage is higher than those of other parts in the world.

According to Dr. Sanjiv Malik, Honorary Chairman of the International Summit on Medical Travel, Wellness and Retirement ( IMWell Summit ), this advancement conscription will be constant in part by international healthcare travel, with patients kick-off for other countries to look into health and wellness.

More and more people from the US, UK and Europe have considered vagrancy to countries parallel India, Philippines, Thailand, Singapore and Malaysia as a viable option to getting treated in their own country, which regularly have long wait times and overburdened healthcare system. The demand for medical and wellness services in Asia is robust and will still continue to rise, " oral Dr. Malik, an expert in global healthcare.

An industry report revealed that the Asian medical tourism industry will expand by 16 % from 2010 to 2012.

The recent passage of US President Obamas healthcare reform will also positively impact the medical tourism industry. With the expansion of insurance coverage to 32 million uninsured Americans, more patients are commonplace by hospitals and clinics in Asian countries to avail of medical procedures and treatments at a chunk of the amount that they would have spent on the corresponding service in the US.

In addition, some Asian countries are also gaining glorification as retirement havens, with the silver market neutral of senior folks and baby boomers from Western countries takeoff their homeland for calescent destinations. Congregation the needs of this group is seen to be a major economic driver not just for the healthcare industry in the region, but also for the property sector.

Optimistic about the fast - growing medical, wellness and retirement industries in Asia, various countries have joined forces to stage the IMWell Summit, which will be held on October 12 - 15, 2010 at the Makati Shangri - La Hotel, Philippines.

" There is a growing need for regional cooperation aimed at developing and strengthening the medical travel, wellness and retirement sectors, and the IMWell Summit addresses exactly this contention. This landmark phenomenon provides a platform where delegates and participants can winnings their thoughts and best practices, as well as find ways that will succour the progress and development of healthcare travel and retirement in Asia, " vocal Philippines Tourism Promotions Menu Nonpareil Operating Notable Cynthia Carrion, who also acts as the Chairperson of the IMWell Summit.

The four - day go features a full agenda that includes whole enchilada sessions on Industry Perspectives, Opportunities and Risks; Regional Birth of Best Practices; Global Opportunities in the Retirement Industry; Marketing and Branding for Global Markets; Quality Management and the Continuity of Care; and the Future of Medical Tourism and Healthcare Travel Industry.

Our topics stimulation to develop and prick trade in healthcare goods and services in the significance of participating countries and for the benefit of international patients and retirees. They also serve to arbitrate how organizations and countries can magnify positive gains and avoid risks resulting from international healthcare travel, vocal Joyce Alumno, IMWell Summit Conference Lead.

In line with this, the deed features a Hosted Buyer Program, which will under consideration opportunities for companies and organizations to collaborate and forge mutually beneficial alliances. B2B interactions and one - on - one sessions will be held for buyers to meet with exhibitors and other delegates, enabling them to maximize networking and business opportunities during the catastrophe.

The IMWell Summit also includes Executive Workshops about Balanced Score Place in Healthcare Organization and Effective Leadership Styles in Healthcare Organization. Four tear - out conference tracks will be presented: Quality in Healthcare, Marketing, Investment and Capacity Building, and Retirement, giving an in - depth squint at each specific attribute of medical and wellness tourism.



The IMWell Summit is produced and organized by HIM Communications, supported by the Department of Tourism as Host and Presentor, and in collaboration with the Department of Health, Department of Trade and Industry, Retirement and Healthcare Cooperative, Health and Wellness Alliance of the Philippines, Philippine Chamber of Commerce and Industry, and Philippine Wellness and Spa Association, with HealthCORE and Asian Academy for Healthcare Executives as Knowledge Crew.



For more information about the exploit, please visit www. IMWellSummit. com, or call ( 63 2 ) 910. 8030 or 468. 9999, or email imwellsummit@himcommunications. com.