South Korea’s Medical Tourism Swells

According to a recent report by Research And Markets, the South Korean medical tourism market is likely to reach nearly $2billion by the end of 2022 growing at an annual rate of around 15% from 2017. Market growth can be attributed to factors such as technologically advanced treatments and medical procedures, pioneering work in cosmetic surgery and dentistry, excellent medical practitioners, medical facilities, affordable medical costs and strong government support and initiatives. Chinese medical tourists play a significant role, contributing more than 35% share in 2016 revenue to the South Korean economy, while Japan, Russia, Kazakhstan and UAE also provide the country’s medical tourism a healthy income