Plastic Surgery Holds Key to South Korea's Medical Tourism Growth

25-Sep-2009

Sep 25, 2009 - According to our new research report, "Emerging Medical Tourism in South Korea", medical tourist arrivals in South Korea are expected to maintain the upward trend in the coming years. Despite the gloomy outlook for the world economy, medical tourist arrivals in South Korea are expected to grow at a CAGR of more than 40% during 2009-2012. Plastic surgery is expected to be the leading procedure sought after by the tourists. As per our research report findings, South Korea is well known for its vast experience and expertise in the field of plastic surgery. South Korea provides world-class plastic surgery services, including re-plantation using microsurgery, flap operation, burn care, and craniofacial surgery on palatine cheilognathus and congenital malformation of face. The country is attracting patients for plastic surgery from all over the world, including top Asian countries Japan and China. Due to growing demand for surgery, plastic surgery clinics doubled to around 1,000 facilities between 2004 and 2007. Further, the report reveals that the cost of treatment in South Korean hospitals is very less as compared to their counterpart American hospitals. A US$ 4,600 eyelid surgery in the US costs just US$ 1,100 in South Korea. The average charge for an in-patient visit to a US hospital is US$ 3,762 - 13 times higher than in South Korea. The average charge for an outpatient in the US is US$ 13,000, which is 9 times higher than that in South Korea. The research report "Emerging Medical Tourism in South Korea" provides an in-depth analysis of the present and future prospects of the South Korea's medical tourism industry. It looks into South Korea medical tourism industry in detail, with focus on different parameters like inbound tourism, expenditure by inbound tourists, medical tourists, expenditure by medical tourists, healthcare infrastructure and various healthcare procedures. The report provides strategic insight to clients to evaluate the opportunities for their success in South Korea's medical tourism industry. The study also gives forecast on medical tourist arrivals, revenue from medical tourists, number of hospital beds, number of doctors, GDP growth, disposable income and population of South Korea. This will help clients to analyze how and where the South Korean medical tourism industry is going to stand in the coming times. About RNCOS: RNCOS, incorporated in the year 2002, is an industry research firm. We are a team of industry experts who analyze data collected from credible sources. We provide industry insights and analysis that helps corporations to take timely and accurate business decision in today's globally competitive environment.