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 rise of the region.

The Asian Development Bank ( ADB ) earlier oral that developing Asia ' s GDP would advance by 7. 5 % this year, a big leap from 5. 2 % in 2009. The projected gain scale 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 increase clout will be purposeful in part by international healthcare travel, with patients foundation for other countries to survey health and wellness.

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

An industry report revealed that the Asian medical tourism industry will get 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 accustomed by hospitals and clinics in Asian countries to avail of medical procedures and treatments at a articulation of the amount that they would have spent on the equivalent service in the US.

In addition, some Asian countries are also gaining recognition as retirement havens, with the silver market detached of senior public and baby boomers from Western countries inauguration their homeland for roasting destinations. Powwow 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 problem. This landmark incident provides a platform where delegates and participants can dividend their thoughts and best practices, as well as find ways that will support the maturation and development of healthcare travel and retirement in Asia, " uttered Philippines Tourism Promotions Chop chop Primo Operating Ringleader Cynthia Carrion, who also acts as the Chairperson of the IMWell Summit.

The four - day accident features a full agenda that includes the works sessions on Industry Perspectives, Opportunities and Risks; Regional Opener 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 mainspring to develop and exhilarate trade in healthcare goods and services in the diversion of participating countries and for the benefit of international patients and retirees. They also serve to clinch how organizations and countries can add to positive gains and avoid risks resulting from international healthcare travel, uttered Joyce Alumno, IMWell Summit Conference Lead.

In line with this, the action features a Hosted Buyer Program, which will prompt 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 development.

The IMWell Summit also includes Executive Workshops about Balanced Score Determinate in Healthcare Organization and Effective Leadership Styles in Healthcare Organization. Four crack - out conference tracks will be presented: Quality in Healthcare, Marketing, Investment and Capacity Building, and Retirement, giving an in - depth glom at each specific aspect 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 Confederation, Health and Wellness Alliance of the Philippines, Philippine Hall of Commerce and Industry, and Philippine Wellness and Spa Association, with HealthCORE and Asian Academy for Healthcare Executives as Erudition Aggregation.



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