Seoul Guide Medical is the Korea’s biggest and most reliable government-approved medical tourism located at the heart of South Korea. Detractors warn that the spread of for-profit hospitals will result in higher medical costs and, bringing chaos to the universal health insurance system. Korea is very active and there is dedicated website Visit Medical Korea. Mongolians accounted for the fifth-highest number of medical tourists to the city. Showing above-average rate of recognition of Korea as a medical tourism destination were Vietnamese respondents with 62.3%, Chinese (49.3%) and Thais (45.3%). The number of Russian patients who visited Incheon increased 66% in 2018, despite the small 2% decrease in the total number of Russian patients visiting Korea. This paper conducts a comparative SWOT (strength, weakness, opportunity, and threat) analysis in India and South Korea with the objective of understanding the various factors that can help or impede the growth of the medical tourism in both nations. Within this section, you will find published information on medical tourism numbers, our estimate of inbound and outbound medical tourism, and IMTJ news and external news that provide estimates of medical tourism activity in South Korea. Factors propelling market growth comprise inadequate insurance benefits and no healthcare ins… This text provides general information. Plans are in place to boost its support and offer more medical tourism packages, with the aim of attracting 400,000 by 2018. Fewer hospitals licensed for medical tourism in South Korea. The lack of follow up care is critical to the continued health of a medical tourist. Are you running a medical travel event? Such a concept was not legal until a new law passed in June 2014 which changed that, allowing the establishment of such facilities to become possible. Medical tourists visiting South Korea for treatment tend to come from Russia, Japan, Kazakhstan, Mongolia and USA. Medical examination came fourth at 9.8%. The eight local governments will each receive 100 million to 150 million won. Exactly how this will help medical tourism is so far unclear. Russian patients have been considered as important customers in the Korean medical tourism industry. A survey found Korea’s recognition as a destination for medical tourism stood at 32.5%, behind the US’s 39% and Germany’s 33.6%. Among them have been Chinese and Canadian business tycoons, the prime minister of Kazakhstan and Saudi and UAE royalty. Satisfaction of medical services among foreign patients South Korea 2015-2019. It is an activity worth … More than 90% of the medical facilities are run by the private sector. South Korea is a popular destination for medical tourism, only surpassed by the U.S. and Germany, according to a Korean survey of medical tourists in 2017. Seoul is the cornerstone of Korea's medical tourism with $260 million on treatment in 2013. This was the first decline in medical tourism revenue since the Bank of Korea began keeping records in 2006. Matoshri Health Trust. The ministry's approval of the first profit-oriented hospital sparked fears that it will serve to open the floodgates for more of them across the nation as rich local patients, dissatisfied with current medical services, flock to them. A new plan to encourage more medical tourists to seek treatment in Korea includes offering multi-lingual support to patients involved in medical disputes and those needing general consultations. There is discriminatory pricing against foreign customers. The Council for Korea Medicine Overseas Promotion was set up by Korea Tourism Organization, Korea Health Industry Development Institute and Korea Ministry of Health and Welfare in 2007, to promote South Korea as the next medical travel destination. In 2012, the health ministry changed its regulations to allow for-profit hospitals in eight free economic zones and Jeju Island if half of the total amount of investment comes from foreign investors. More than 90% of the medical facilities are run by the private sector. According to the Seoul Metropolitan Government in 2015, the numbers in 2009 were 40,100 foreign patients came for surgery, 21,364 for cosmetic surgery. Offers advanced medical services with the latest technology. It is the official organization for Korea medical tourism and supported by the Korean government. The system will allow Korean hospitals and clinics to introduce staff, provide customer counselling and hold various events through the portal without having to travel to China or employ a broker. An increasing number of patients were from Uzbekistan, Vietnam and the Philippines. 04 September, 2017. Lydia GanAnalysis of medical tourism in India and South Korea2012. The Medical Tourism Association is a Global Non-profit association for the Medical Tourism and International Patient Industry. Patients from the United Arab Emirates spent the most per person on average at 17.71 million won ($16,000), followed by an average of 4.56 million won ($4,100), paid by patients from Kazakhstan. Can develop marketing strategies that differentiate it from Asian competitors. The KTO expects the amount of average per capita spending in Korea by medical tourists to grow from 2.53 million won in 2013 to 3.56 million won in 2020. Some countries will fail, and although the paper avoids naming which ones are most vulnerable, their analysis suggests India is already struggling. The healthcare system is based on a social health insurance model that is compulsory for the whole population. South Korea tourism statistics for 2016 was 20,924,000,000.00, a 11.83% increase from 2015. The country takes an aggressive and organized approach to medical tourism, with massive government backing and support. Common complaints include scars, infections and asymmetrical facial features–such as ending up with a mouth that curves up on one side and down on the other. The Incheon Medical Tourism Foundation (IMTF) was founded in 2011 with the ambition of making Incheon Northeast Asia’s top medical tourism city. A medical tourism hotel with clinics will be built in Yongsan, central Seoul, as early as 2017 according to the Seoul Metropolitan Government. 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