8-Jan-18, Global Growth Markets
As the industry considers the possibilities - and challenges - of the year ahead, here's a look back at 12 of our most popular Healthcare and Medical Tourism growth markets stories from 2017, month-by-month:
%20Visual%20China.jpg "Chinese middle class big business for overseas healthcare providers (c) Visual China")
January Chinese middle class big business for overseas healthcare providers - Like more traditional tourists, outbound Chinese patients are a lucrative opportunity. Many Chinese medical tourists aren’t fazed by high prices. The average cost of treatment in the US is four times the cost in China. [image:Visual China]
%20Kings%20College%20Hospital.jpg "Londons Kings College Hospital to open in Dubai (c) Kings College Hospital")
February London's Kings College Hospital to open in Dubai - London’s King’s College Hospital (KCH) will open its first full-fledged branch outside the UK in Dubai in 2018. The 100-bed multi-speciality facility will be built at a cost of USD200 mn. [image: Kings College Hospital]
%20Raffles%20Medical%20Group.jpg "Raffles Medical strengthens China and Indochina presence (c) Raffles Medical Group")
March Raffles Medical strengthens China and Indochina presence - Raffles Medical Group is ramping up in China and Indochina as strong demand offers attractive growth opportunities. It is also growing its portfolio of corporate clients with more multinational companies using its medical services outside of Singapore. [image: Raffles Medical Group / Nikkei Asian Review]
%20Skift.jpg "Medical tourism is big business but still an emerging market (c) Skift")
April Medical tourism is big business but still an emerging market - Indonesia is likely the largest outbound medical travel market, according to Josef Woodman of Patients Beyond Borders. “Indonesia’s healthcare infrastructure is generally poor and about 1.5 to 2 mn Indonesian medical travelers go to Southeast Asia or Australia,” he said. [image: Skift]
%20Partners%20Healthcare.jpeg "Massachusetts General to help develop new 300 bed hospital in China wide (c) Partners Healthcare")
May Massachusetts General to help develop new 300 bed hospital in China - Boston-based Massachusetts General Hospital and Jiahui Health Network are pursuing a collaboration to create Jiahui International Hospital in China's Shanghai Province. The 300-bed hospital will focus on cancer care and research. [image: Partners Healthcare]
%20ET%20Healthworld.jpg "Apollo Hospitals revenues cross USD1 bn in FY17 (c) ET Healthworld")
June Apollo Hospitals revenues cross USD1 bn in FY17 - Revenues of Apollo Hospitals crossed the USD1 bn mark in 2016-17 jumping 17% year-on-year. Profit after tax, however, declined 7.2%. The company surpassed a milestone of 10,000 beds in the year. [image: ET Healthworld]
%20Investvine.jpg "AirAsia founder to launch budget healthcare service ASEAN wide (c) Investvine")
July AirAsia founder to launch budget healthcare service ASEAN wide - Tony Fernandes, founder of AirAsia, is planning the launch of a new "affordable healthcare" business called Tune Care in Malaysia, later expanding throughout ASEAN. [image: Investvine]
%20Bloomberg.jpg "Fullerton buys Healthscope's 43 medical centres in Australia (c) Bloomberg")
August Fullerton buys Healthscope's 43 medical centres in Australia - Singapore's Fullerton Health acquired 43 medical centres and five specialist clinics from Australia's second-largest private hospital operator, Healthscope, for AUD55 mn (USD44 mn). [image: Bloomberg]
%20Nikkei%20Asian%20Review.jpg "Tokyo to train 700 nurses in English before 2020 Olympics (c) Nikkei Asian Review")
September Tokyo to train 700 nurses in English before 2020 Olympics - In preparation for the 2020 Olympics, Tokyo is getting 14 hospitals foreign-patient ready. Preparations are starting, to ensure they will be able to provide medical services in multiple languages and be sufficiently equipped to accept foreign patients. [image: Nikkei Asian Review]
%20Alamy%20Stock%20Photo_The%20Guardian.jpg "Australias healthcare spending rises above 10pc of GDP (c) Alamy Stock Photo The Guardian")
October Australia's healthcare spending rises above 10pc of GDP - Health expenditure in Australia exceeded 10% of GDP for the first time in 2015-16. AUD170 bn (USD132 bn) was spent on health, 3.6% more in than in 2014–15, a slower increase than previous years. [image: Alamy Stock Photo / The Guardian]
%20Forbes_%20COMO%20Shambala%20Estate.jpg "Indonesia is the latest country to become a hot spot for Chinese medical tourists (c) Forbes COMO Shambala Estate")
November Indonesia is the latest country to become a hot spot for Chinese medical tourists - 500,000 Chinese travelled overseas for medical-related services in 2016. Bali become a hotspot with 150,000 visitors, and Indonesia has made it a priority to make the country a medical and wellness destination. [image: Forbes / COMO Shambala Estate]
%20Daiji%20World.jpg "Thumbay Group promises 1000 medical tourists per day to Dubai (c) Daiji World")
December Thumbay Group promises 1,000 medical tourists per day to Dubai - Dubai’s goal of attracting half a million medical and health tourists by 2020 is now being supported by the Thumbay Group, following the announcement it plans to supply 1,000 medical tourists per day across its healthcare network. [image: Daiji World]
Enjoyed this article? You may also like our round-up of Medical Technology growth markets stories from 2017: 12 Medtech growth markets stories from 2017, month-by-month
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