China’s outbound medical tourism spurs global property investment

 11-Oct-16, Juwai 

Chinese tourists spent $215 billion overseas last year – $10 billion that went towards overseas medical tourism alone.

Image: Juwai

Chinese currently reign as the world’s biggest spenders when travelling abroad, and judging from recent news, their splurging abroad has now extended towards health, wellness, and medical care as well.

Indeed, China is on the rise to become one of the world’s largest outbound medical tourism markets, and this strong prospect for future Chinese demand is set to drive the global market for medical tourism.

3 fundamental, ongoing trends that will drive Chinese overseas medical tourism in the coming years:

• #1 China’s widening market of HNWIs
• #2 Burgeoning ageing and urban population
• #3 Increased emphasis on health and fitness

Just as China’s booming outbound tourism drives more Chinese to invest in property abroad, these three factors boosting outbound medical tourism are propelling international property investment by Chinese homebuyers as well.

Many Chinese seeking medical services abroad – especially those seeking treatment for surgery or chronic diseases – are ones who will either be staying in their medical tourism destination of choice for a longer period of time or be recurring visitors who would travel there repeatedly for treatments.

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