Please submit your e-mail address to get the latest news

Why India, Turkey are cheapest destinations for medical tourism
  01.11.2013


The growing dearth of specialist medical care services in the country and a corresponding growing middle class have resulted to more Nigerians seeking treatment abroad, with India and Turkey being major destinations.



 


The shift in destination from countries like the United Kingdom, Germany and the United States to India and Turkey is mainly being driven by cost considerations and comparable quality of service.

BusinessDay learnt that a heart bypass treatment in Turkey goes for between $11,000 and $15,000, as against $129,750 in the US. In India, similar surgery goes for $8,666, which is far less than the $27,770 a patient will pay in the UK.

In the US, hip replacement costs over $45,000, while in Turkey it is just $10,750, India $7,000, and Ireland $19,500-$21,000. For knee replacement, it costs $40,000 in the US, $11,200 in Turkey, $7,833 in India, $11,781 in Germany, and $20,600 in the UK.

According to Osahon Enabulele, president, Nigerian Medical Association (NMA), annual spend on medical tourism by Nigerians is now well above N120 billion, with an estimated 5,000 patients travelling to destinations like India and Turkey on a monthly basis, a development he describes as a huge foreign exchange drain to the nation.

Adedayo Sobamowo, managing consultant, Hermes Consulting, told BusinessDay that in terms of pricing, the US is the most expensive medical tourism destination due primarily to the high cost of healthcare in the country.

“We currently send patients from Nigeria to the US, UK, Jordan, Turkey and India,” he said. “Medical professionals in the US, including doctors, nurses and allied medical personnel, earn significantly higher salaries when compared to their counterparts in Europe and Asia. Hospitals in the UK charge between 60 percent and 70 percent of what US hospitals charge, also due to their advanced health systems and high labour costs. Turkish and Jordanian hospitals, on the other hand, charge between 40 percent and 50 percent of US pricing as a result of lower labour and operating costs.”

Sobamowo said, however, that India is the market leader in outbound medical tourism from Nigeria as it offers the lowest pricing for medical services, typically between 10 percent and 30 percent of US prices. “Most Indian tariffs are also cheaper than those offered here in Nigeria. Indian hospitals are able to offer cheaper prices than available in Nigeria due to economies of scale from high patient volumes, low operating costs as well as labour.”

Other stakeholders and practitioners attribute the trend to dearth of manpower and lack of adequate infrastructure, which led to many capable hands leaving the country to seek greener pastures abroad.

“The prices of medical tourism, health and wellness services are directly proportional to the availability of resources, infrastructure, skilled workforce, and so on,” Omar Siddiqui, managing director, Medicure Medical Travels, New Delhi, India, told BusinessDay in an exclusive chat.

India, he said, has highly skilled workforce, world-class local manufactured drugs, implants, consumables, and medical equipment as well as accredited hospitals with world-class infrastructure and research facilities. “This directly impacts the pricing of medical services as well. Now, the same services too are available in other countries but with higher prices. Besides this, the environment for business is very conducive and private participation with foreign collaboration is actively encouraged,” he added.

Nigeria, according to Omar, is the second-biggest economy in Africa, after South Africa, and has immense potential to emerge as medical tourism hub, but there is need for active participation by the government, and policy formulation that takes place should be implemented as well. “Besides this, Nigerian Diaspora can be asked to contribute towards its success. We live in a globalised world where a lot can be achieved by working together, sharing our ideas to improve the lives of people around us,” he said.

Mohamed Ali Degirmenci, supervisor of international operations, ROMOY International Health, Tourism and Consulting, told BusinessDay that they were very particular about giving adequate healthcare services because “life is very important and must not be toyed with”.

“We guarantee the lowest price for similar surgical operations and treatment in Turkey, and the prices we offer to patients are lower than the prices offered by the hospital itself. We ensure that the patient gets the same services at better prices and provide the treatment alternatives with more affordable prices than European countries, especially England and France, without long waiting periods. These and many more are reasons different people from all over the world visit Turkey for medical tourism,” he said.

ROMOY International Health Tourism and Consulting is a model health tourism assistant company approved by the Ministry of Health which has professional and highly experienced team and infrastructure. There are more than 60 specially selected wide hospital networks under the roof of ROMOY.
  
  

Source : businessdayonline.com
Hit : 969


Strategic Market Intelligence: General Insurance in Turkey – Key Trends and Opportunities to 2022
Africa a priority market for Turkish health care tourism
Turkish economy grows 4 percent in 2015
Turkey s new central bank chief signals simpler policy
Turkish inflation drops to 3 year low
Turkey s Central Bank cuts overnight lending rate
The 3rd edition of the XPRIMM Turkey Insurance Profile launched at the 7th International Istanbul Insurance Conference
Insurance contract may be made electronically
Agencies will not use insurance on their name
Fitch has announced Turkish insurance industry report
Turkey s Halkbank pension and insurance sale, sources say
Turkey launches new health data system
Turkey: Achieving a transition to a new economy
New Milan expo displays best of Turkish culture
Turkey s insurance sector strengthens as investor confidence grows
Turkeys insurance sector posts 6.4 pct growth
Turkish Halk insurance units privatisation tender details unveiled
Turkey´s economic star continues to shine
Turkey more than doubles exports in last decade
Ministry of Health offers services in six languages
Foreign investment in Turkey worth $10b in 2014
Incentives to boost birth rate to cost Turkey $400 mln
Fitch upgrades Turkey s growth forecasts
Turkish tourism yield on rise

 
MEDASIST INTERNATIONAL
Medasist International World Medasist International Sigorta ve Bes Medasist International Business
www.medasist.com www.sigortaegitim.com Travel Assistance
    Business Life
    Education
  

Medasist International tüm kullanım hakları ile ilgili yasalara, kanunlara ve bunlarla birlikte tüm etik kurallara tamamen uymakta ve saygılıdır.Medasist International’a ait bu ve tüm portallarda kaynak gösterilerek yer alan tüm bilgi, haber, araştırma içerikli yazı ile videolar tamamen güvenilir,olduğuna inanılan, halka açık olduğu ve tüm toplumun paylaştığı bilinen bir haber içeriği olmasıyla birlikte acil haber özelliğini kaybederek telif hakkı kullanım özelliği olmayan yada ilgili içeriğin bu özelliğini kaybetmiş olduğu düşüncesiyle ,kaynağı ve varsa yazarı yada ilgili haberi düzenleyen kişinin belirtildiği bilgilerden oluşmaktadır.Medasist International platformlarında kaynak gösterilerek yayınlanan tüm yazılı ve görsel içerikler ilgili kaynağa aittir,bu içeriklerin başkaları tarafından kopyalanması durumunda tüm sorumluluk kopyalayan kişi yada kuruma ait olacaktır. Tüm içerik ve videolarla ilgili hatalı kullanım, hatalı bilgiden kaynaklanan sorunlarda haber kaynağı yada ilgili haberde geçen kişi yada kurumlardan gelen geçerliliği kanıtlanmış yazılı talepler doğrultusunda tüm içerik ve videolar gerektiği şekilde değiştirilebilir yada yayından tamamen kaldırılabilir.Medasist international tüm etik kullanım haklarına saygı göstermektedir.Medasist International Platformlarında yer alan bilgiler yatırım danışmanlığı kapsamında değildir.Tüm kaynak belirtilerek alınan haberler,araştırmalar,yazılı ve görsel tüm içeriklerden oluşabilecek bilgilerin hataları,eksikleri ve yatırım amaçlı kullanılmasıyla ilgili Medasist International Platformu, portalı yöneticilerinin hiçbir sorumluluğu ve bağlayıcılığı bulunmamaktadır.

Medasist International abides and complies fully with all ethic rules as well as legislation, laws related with all rights of usage. All information, news, research texts and videos included in this and all portals of Medasist International with referencing the source thereof are comprised of information provided by its source and if any, its author or any person reporting such relevant news with the consideration of that no copyright is to be applied or the relevant content has lost its such nature because it has lost its urgent news nature even though it is a news content that is believed to be fully reliable, and open to public and known as to be shared by the whole community. All written and audio contents published on Medasist International platforms by referring the source thereof belong to such relevant source, and in case such contents are copied by third parties, all responsibility rests on the person or body that makes copying. In cases arising from misuse of all contents and videos and from misinformation, according to written requests proven to be valid from the news source or those people or bodies whose names are mentioned in such news may, all contents and videos be replaced duly or taken off from the broadcasting totally. Medasist International respects to all ethical right of usage. Information included in Medasist International Platforms is not in the scope of investment consultancy.Regarding mistakes, deficiencies and usage for investment purposes on and of all information comprised of any news, researches, written and audio contents quoted with references, Medasist International Platform, portal managers has no responsibility and bind.

Turkey News - Google News in Turkey - Turkey Companies - Invest in Turkey - Acıbadem Hospital - Turkish Business - Turkey Video - Turkish Real Estate - Turkey Actuel - Economy
Medasist International © Copyright 2005