Medical Tourism Booming in Malaysia

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Research and Markets (http://www.researchandmarkets.com/research/wpmdwn/booming_medical) has announced the addition of the “Booming Medical Tourism in Malaysia” report to their offering.

The Malaysian medical tourism industry is going through a phenomenal growth phase, offering immense opportunities for players involved in the business. Despite the global economic downturn, the market is growing exceptionally in each and every field of medical treatment.

Healthcare expense in developed countries together with the issue of time is making people seek affordable healthcare services in developing countries such as Malaysia.

In their latest research study, Booming Medical Tourism in Malaysia, RNCOS’ analysts identified and deciphered the market dynamics in important segments to clearly highlight the areas offering promising possibilities for the companies to boost their growth. The market is anticipated to grow at a CAGR of 13% during 2013-2017. The robust growth in revenue along with medical tourists is being driven by factors such as cost-effective treatments, skilled medical professionals, and government support.

In the report, the Malaysian medical tourism market is studied thoroughly on various grounds. Comprehensive study of the current market scenario along with the existing medical infrastructure covering hospitals, healthcare human resources and technological developments has been done. Moreover, different drivers and characteristics of the market have been discussed along with forecasts to provide an understanding of the market dynamics. This section intends to aid companies in designing their business strategies and provide them with key insights that can help them boost their profits. Also, the research has included an in-depth analysis of costs, comprising comparison of cost saving in various countries and treatment wise cost comparison of Malaysia with other countries.

Further, the report covers analysis of market, broken down into eight major market segments. This has helped our analysts to clearly identify and highlight the market segments offering maximum opportunity for growth. For instance, our study reveals that alternative medicines are becoming very much popular in Malaysia. Tourists are being fascinated by the alternative medical practices as these practices not only cure the illness but also increase the resilience of the human body devoid of any side effects.

The study further delves into the detailed description of the major players in the industry, covering description of their businesses and their recent developments. This will help the reader to gain a deeper insight into each key market player. In a nutshell, the research provides all the prerequisite information for intending clients looking out to venture into these markets, and facilitates them to devise strategies while going for an investment/partnership in Malaysian medical tourism industry.

Credit: www.breakingtravelnews.com

Source: Medical tourism booming in Malaysia | News | Breaking Travel News

Regional Turmoil Prompts Saudis To Change Their Vacation Plans

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Local tourism experts predict that the political uprisings in Syria, Lebanon, Egypt and other Arab countries has had an impact on Saudis’ vacation choices. 

Europe and south-east Asia remain the destination of choice for many Saudi tourists in light of developments in the Middle East. 

According to local travel agencies, 20 percent of Saudi tourists prefer to spend the summer vacation in the Kingdom, as the month of Ramadan will begin tentatively Jul. 9, coinciding with the beginning of the school holidays. On the other hand, 30 percent of the Saudis who intend to travel this summer have chosen to visit Turkey. 

“This summer, we anticipate that Europe will witness a 20-percent increase in the number of Saudi tourists, while Arab countries will witness a sharp decline,” Mohammad Abdul Aziz, a manager at the Gulf for Travel and Tourism Agency, told Arab News.

“Malaysia and Singapore will also be attractive destinations for many Saudi tourists. Meanwhile, Turkey is expected to receive more than 30 percent of Saudi holidaymakers this year,” he added.

Nasser Al-Tayar, chairman of Al-Tayar for Travel and Tourism, affirmed that 5 million Saudis traveled outside the Kingdom during the summers of 2011 and 2012. 

“Since Ramadan happens to fall during the beginning of the summer season this year, almost 3 million Saudis will opt to remain in the Kingdom,” said Abdul Khaleq Radwan, an employee at a local travel agency. 

“During the summer of 2010, Egypt alone received more then 500,000 Saudis. This season is different, as initial surveys indicate a 60-percent drop in Saudi tourists traveling to Egypt due to fears about the political situation,” he added. 

Meanwhile, Sultan Abdullah, a marketing executive at a private company, said he had planned to spend his summer vacation in Egypt, but after the latest violence the country witnessed, he is no longer sure.

“I am hesitant; I love Egypt and used to frequently visit, but the recent events have left me wary. I am currently searching for alternative vacation spots. London is an option, as I have many friends living there,” he added. 

Alternatively, Mohammad Saeed views the present state of affairs in some Middle Eastern countries as a chance to travel somewhere new.

“I think this is a good chance to explore new countries. We have been accustomed to traveling to Egypt every summer. This year, I will opt perhaps for Malaysia instead.”

Credits
Writer: IBRAHIM NAFFEE
Source: www.arabnews.com

Burj Khalifa, Dubai -- Travel 365 -- National Geographic

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