With the medical tourism industry estimated to be worth $188 billion by 2013, Philippines is eager to levearage its cost effectiveness for medical surgery along with tourism potential to tap into the pie. A somewhat late entrant into the race, it faces stiff competition from other Asian countries such as Thailand, Singapore, Malaysia and India who have already stolen a march over it.
Coronary bypass surgery that costs an average of $50,000 in the US, costs between $10,000-25,000 in the Philippines. Lasik eye surgery which costs $3000 in the US comes for $1000 in the Philippines and breast augmentation costs $2000 while the same costs approximately $5,000 in the US. (more…)
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Cebu City — With the worldwide earnings from medical tourism expected to reach US $188B by year 2013, the Philippines wants to share a slice of the global market as government is focusing its efforts in promoting the medical and surgical services of the country’s capital abroad.
