medical tourism

(redirected from Medical value travel)
A term coined by travel agencies and the mass media for the practice of travelling across national borders to obtain health care. It also refers to the practice of healthcare providers travelling internationally to deliver healthcare, which is both pejorative and less common.
Services provided Joint replacement (knee/hip), cardiac surgery, dental surgery, cosmetic surgery, as well as alternative treatments, convalescent care and burial services

medical tourism

Global village The combination of medical care–usually of a type–eg, pediatric neurosurgery or experimental cancer therapy, that is not available to a Pt near his/her home–with pleasure–eg, visit to a theme park, Disneyworld, MGM studios

medical tourism

Travelling abroad to undergo expensive invasive procedures in countries where high-quality, low-cost care is available, e.g., India. The funds saved on the care received are used to sponsor recuperation and vacation in the host country. Medical tourism is a form of outsourcing of health care and is typically used for highly technical, costly surgical procedures such as coronary artery bypass graft surgery.
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These include Information Technology & Information Technology enabled Services (IT & ITeS), Tourism and Hospitality Services, Medical Value Travel, Transport and Logistics Services, Accounting and Finance Services, Audio Visual Services, Legal Services, Communication Services, Construction and Related Engineering Services, Environmental Services, Financial Services and Education Services.
The 12 sectors include Information Technology and Information Technology enabled services (IT and ITeS), Tourism and Hospitality Services, Medical Value Travel, Transport and Logistics Services, Accounting and Finance Services, Audio Visual Services, Legal Services, Communication Services, Construction and Related Engineering Services, Environmental Services, Financial Services and Education Services.
The medical value travel (MVT) industry has emerged as one of the fastest growing segments of the sunrise tourism sector in India.
Banking on its long-standing relationship with the UAE and the Middle East, India hopes to bridge more collaborations in the medical value travel segment.
He said Medanta, the state-of-the-art 1,500-bed hospital which he set up in Delhi, attracts huge traffic in the medical value travel segment as it has benchmarked itself against the best healthcare delivery systems in the world at a more affordable cost.
Over the years, India has grown to become a top-notch destination for medical value travel because it scores high over a range of factors that determines the overall quality of care.
Medical value travel or medical tourism is loosely defined as a segment, making an estimation of the market size a challenge.
The seminar, which addressed trends in Medical Value Travel (MVT) and Healthcare Advancements, consisted of a panel of experts from the healthcare, insurance and tourism industries in the UAE and India.
While Ministry of Tourism does not maintain any data regarding the growth of Indias medical tourism vis a vis other countries, Ministry of Commerce informs that as per a FICCI-IMS Knowledge Paper titled, Medical Value travel in India: Enhancing value in MVT, published in 2016, India is amongst the top 6 MVT (Medical Value Travel) destinations of the world which include Thailand, Singapore, India, Malaysia, Taiwan and Mexico (India ranked third in the world in 2015).
The Advantage Healthcare India 2017 global summit is the third international summit on medical value travel (medical tourism), which will be organised in Bengaluru from October 12 to 14 this year.
The iconic DM MedCity at Kochi is set to become a major destination for medical value travel in the world.
After the very successful launch of the inaugural edition last year, Ministry of Commerce and Industry, Government of India is now organizing the second edition of Advantage Health Care India 2016 (AHCI 2016), an International Summit on Medical Value Travel with the aim of Promoting Healthcare Services Exports from India, scheduled from 3 - 5 October, 2016 at India Expo Centre & Mart, Greater Noida.
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