Mckinsey Medical Tourism

This group was only slightly more likely than older respondents were to be heavy healthcare utilizers exhibit 7.

Tourism langley ca. Medical travel has captured the worlds attention and imagination but a new mckinsey study suggests that the market isnt as large as reported and that most medical travelers seek high quality and faster service instead of lower costs. Pharmaceuticals medical products. However the tourism value chain of suppliers and intermediaries has always been fragmented with limited coordination among the small and medium size enterprises smes that make up a large portion of the sector.

From 2008 found that between 60000 and 85000 medical tourists were traveling worldwide for the purpose of receiving in patient medical care. Mckinsey places the current market at 60000 to 85000 inpatients a year but these. According to the mckinsey and co report 45 of north american medical.

According to a new report on medical tourism from mckinsey between 60000 and 85000 people annually travel abroad for inpatient hospital care a number. As the travel and logistics sectors grapple with an explosion of new data our team of experts and industry veterans helps clients uncover the most impactful insights and establish future growth benchmarks. A recent report from a respected industry analyst makes some serious errorslast year many thought the plans by mckinsey amp.

Leads mckinseys travel transport logistics practice. Please email us at. Company to research and present a definitive study on medical travel would end all the arguments about how many medical travellers there are in the world.

5 however of the young adult heavy utilizers 67 had visited the ed more than once in the. Some have estimated that 750000 american medical tourists traveled from the united states to other countries in 2007 up from 500000 in 2006. Medical tourism industry faces unreliable data when defining and measuring the market by number of patients.

Tourism made up 10 percent of global gdp in 2019 and was worth almost 9 trillion 1 making the sector nearly three times larger than agriculture. And mckinseys industry research examined the potential for greater collaboration with government in global tourism outlined the moves that european restaurants are taking to thrive in the next normal considered how life insurers can use artificial intelligence to better underwrite risk and reviewed the nascent tech for good movement in. Pharmaceuticals medical products.

A report of mckinsey and co. It has now been published.