Articles

Chinese citizens are leaving their homes in search of the best care available, or care that they desperately need. Some 483,000 people travelled outbound from China for healthcare in 2015. These medical travellers spent USD6.3 billion on treatment and a further USD3.4 billion on travel and accommodation.

20-Feb-17 Weill Cornell Medicine of the US has entered into an agreement with Tahoe Investment Group, part of a Chinese real estate company, to assist in the development of an international hospital in Shanghai. The proposed site is in the Yangpu District, an area with no international hospital, where the new facility will serve the local market and expatriates. [image: Weill Cornell Medicine]

15-Feb-17 Medical insurers are seeing a surge in demand for private insurance that offers cross-border health cover. This market is growing by 15-25% per year, and could be worth as much as USD144 bn globally. The challenge for the insurance industry is identifying who might need a policy that covers international travel for medical treatment, and why. [image: AXA PPP International]

13-Feb-17 President Donald Trump plans to fight birth tourism in the US. Most of these tourists come from China, Russia and Nigeria. In 2014, 60,000 Chinese women arrived in the US to give birth. The popularity of such “tours” increased after the release of the movie Finding Mr Right. The movie's heroine travels to Seattle to give birth. [image: Tourism-Review]

08-Feb-17 Smith & Nephew reported a 7 percent drop in profit, as tough conditions in China and Saudi Arabia kept growth in check. The company has focused on emerging markets in recent years to boost sluggish demand in the US and Europe, where it competes with Zimmer and Stryker. The company delivered growth, but not at the level it had wanted. [image: Smith & Nephew]