2. Key Market FiguresKey Market Figures
• Actual number of Health Travelers
• 1.28 million patients estimated in 2011 (Deloitte, 2010)
• Very sensitive to the economic situation (down if recession,
particularly on non essential care like cosmetics)
• Annual growth of 35 percent estimated
• Americans saying they would consider traveling abroad for
medical procedures
• 29% (Gallup Poll, 2009)
• 41% (Deloitte, 2010), only 9% would consider it for savings >50%
• 86% of US patients said they would travel again overseas
for medical care (MTA Patient Survey, June 2009)
3. Key DriversKey Drivers
• Save Money, while eventually have a good time abroad
• Mexico
• India
• Visit another country and get medical care: Tourism is
important. Some countries will be more attractive:
• Thailand and other Asian countries
• Israel
• Jordan, Turkey, some African destinations
• Insurance companies will be looking at savings.
• Travel costs not included (but could be deducted from income - IRS)
5. Reasons for Travelling abroadReasons for Travelling abroad
• According to previous slide, Mexico will be a key
destination for 33% of US customers
6. How people learn about Abroad Medical CareHow people learn about Abroad Medical Care
• 73% learn from Friends (Word of Mouth)
• 27% find out by searching on Internet. The main purpose
for searches seems to be costs savings
7. How customers research information onHow customers research information on
country destinations and hospitals?country destinations and hospitals?
• 40% listen to Facilitators and Friends
• The people learning about Abroad Medical Care from the
Internet mostly research by themselves
• We estimate only 26% of people searching on Internet will
end dealing with a Facilitator
8. How Customers travel for abroad medical careHow Customers travel for abroad medical care
• Worse competitor in this business: the DIY
• Opportunity to emphasize local services provided by a
facilitator and the risks of going alone
• Opportunity for agreements with Doctors/Hospitals:
9. Internet as a marketplaceInternet as a marketplace
• Internet searches provide
• For “Medical Tourism”
o 12,4 million responses and 13 adds
• For "get quotes" and "medical tourism"
o 81.900 responses and 14 adds
• Some providers are very aggressive on Internet:
ehealthinsurance.com planethospital.net
individualhealthquotes.com medtrava.com
allmedicaltourism.com healthcaretrip.org
surgeryoverseas.com surgeryoverseas.com
beaumedical.com medicalretreatabroad.com
10. ConclusionConclusion
• Confidential market, still in the early stages
• Strong growth potential
• Added value services opportunities
• New entrants can quickly take a significant market share
by using innovative game changing strategies