1 / 29

Medical Tourism in Central Luzon: An Emerging Industry

Medical Tourism in Central Luzon: An Emerging Industry. Department of Trade and Industry- 3 25 October 2007. Medical Tourism in Central Luzon: An Emerging Industry. MARKET DYNAMICS DATA SOURCE/ ASSUMPTIONS/ PROJECTIONS MARKET POTENTIALS ENABLING CONDITIONS.

muncel
Download Presentation

Medical Tourism in Central Luzon: An Emerging Industry

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Medical Tourism in Central Luzon: An Emerging Industry Department of Trade and Industry- 3 25 October 2007

  2. Medical Tourism in Central Luzon: An Emerging Industry • MARKET DYNAMICS • DATA SOURCE/ ASSUMPTIONS/ PROJECTIONS • MARKET POTENTIALS • ENABLING CONDITIONS

  3. Medical Tourism in Central Luzon: An Emerging Industry • MARKET DYNAMICS • Health Tourism • Trillion dollar industry • Medical Tourism included in the Philippine Medium Term Development Plan (2004-2010) and 2007 Investment Priorities Plan • > US$390 Billion Asian Health care expenditures, US$3 trillion world market per year (Rodolfo, 2005). • Asian industry leaders: • Thailand • Singapore • Malaysia • India

  4. Medical Tourism in Central Luzon: An Emerging Industry • MARKET DYNAMICS Medical Tourism in Asia: 2005 Source: Morato et. al, 2006

  5. Medical Tourism in Central Luzon: An Emerging Industry • MARKET DYNAMICS • Philippine Medical Tourism • Small in terms of volume of foreign patients as compared to its Asian neighbors • Foreign patients primarily “Balikbayans” • No available data on total number of foreign patients treated • 0.4% of total tourist arrivals visited for health reasons (2005 DOT Visitor Sample Survey to 5 NCR based hospitals) • Globally sought Filipino medical manpower • Filipinos distinct quality of care, compassion and hospitality • Reasonably- priced healthcare • World- class medical facilities are built outside Metro Manila

  6. 2007 2012 2017 2022 2027 Medical Tourism in Central Luzon: An Emerging Industry • MARKET DYNAMICS Central Luzon • Tourist Market: • Stays 10 days in the Philippines & spends US$100/day • CL may achieve 1 million • tourist arrival in 20 years • due to DMIA • Local Market: • 8.2 million population (2000, NSO), • 17.4 million by 2027 (One of the more affluent regions in the Country); • 77% of families with savings

  7. Medical Tourism in Central Luzon: An Emerging Industry • DATA SOURCE/ ASSUMPTIONS/ PROJECTIONS • Coverage of Medical service - dental, beauty/ skin care, ophthalmology and diagnostic check- up. • Sources on the Number of dental, eye, beauty/ skin, and diagnostic clinics • 1999 DTI Business Name Directories • WEBNRS • 2006 DOH- BFAD directories • 2000 Censal population- total population by age group, sex and sex ratio (2000, NSO) • 2003 Family, Income and Expenditure Survey (2003 FIES, NSO)

  8. Medical Tourism in Central Luzon: An Emerging Industry • DATA SOURCE/ ASSUMPTIONS/ PROJECTIONS • DENTAL • Should avail – 8,718,069 individuals (age 5 and above, 85% of 2007 projected CL population • Could afford – 6,748,074 (Based on FIES, 66% of CL population) • Will avail – 2,699,230 individuals (26% of CL population, • DTI study assumption) • BEAUTY/ SKIN CARE • Should avail – 6,218,385 (age 15 to 64, 61% of CL population) • Could afford – 2,422,078 ( Based on FIES, 24% of CL population) • Will avail – 484,416 (.05% of CL population, DTI study assumption)

  9. Medical Tourism in Central Luzon: An Emerging Industry • DATA SOURCE/ ASSUMPTIONS/ PROJECTIONS • EYE SURGERY (CATARACT)- • Should avail - 30,455 (individual age 65, .29% of CL • population • Could afford - 11,862 (based on FIES, .12% of CL • population • Will avail - 11,862 ( DTI study assumption) • DIAGNOSTIC CHECK- UP • Should avail - 2,270,764 (individual age 40 and above, • 22% of CL population • Could afford - 1,456,551 (FIES, 14% of CL population) • Will avail - 582,620 (6% of CL population, DTI study • assumption)

  10. Medical Tourism in Central Luzon: An Emerging Industry • DATA SOURCE/ ASSUMPTIONS/ PROJECTIONS • Investment requirement • 3 Million per clinic ( 2006 CIC- NIMTC's Spa establishment survey) • Estimated value of services • Dental • minimum of P300 on prophylaxis per visit • Beauty/ Skin Care • cheapest package for facial is P1,500 • Eye surgery (Cataract laser treatment) • quoted at P35,000/ operation • Basic Diagnostic Check-up • priced at P1,500

  11. Medical Tourism in Central Luzon: An Emerging Industry • DATA SOURCE/ ASSUMPTIONS/ PROJECTIONS • Jobs generated • A clinic may employ 3 to 7 workers depending on the extent of operations.

  12. Medical Tourism in Central Luzon: An Emerging Industry • MARKET POTENTIALS • DEVELOPMENT OF MEDICAL CLINICS • VALUE OF INVESTMENTS • MAGNITUDE OF MARKET • JOBS CREATED

  13. Medical Tourism in Central Luzon: An Emerging Industry • MARKET POTENTIALS Projected data (2012-2027) Actual data (2000-2007)

  14. Projected data (2012-2027) Actual data (2000-2007) Medical Tourism in Central Luzon: An Emerging Industry • MARKET POTENTIALS

  15. Projected data (2012-2027) Actual data (2000-2007) Medical Tourism in Central Luzon: An Emerging Industry • MARKET POTENTIALS

  16. Projected data (2012-2027) Actual data (2000-2007) Medical Tourism in Central Luzon: An Emerging Industry • MARKET POTENTIALS

  17. Projected data (2012-2027) Actual data (2000-2007) Medical Tourism in Central Luzon: An Emerging Industry • MARKET POTENTIALS

  18. Medical Tourism in Central Luzon: An Emerging Industry In summary, the Medical Tourism Industry in Central Luzon, initially covered dental, beauty/ skin care, eye and diagnostic services, is worth P 2.53 B in 2000, P 7.71 B in 2007 and is expected to reach P 13.53 B in 20 years. *(Salaries & Wages)

  19. Medical Tourism in Central Luzon: An Emerging Industry • ENABLING CONDITIONS • Preparation & Implementation of the Central Luzon Medical Tourism Roadmap & Strategic Development Plan (2007-2027) • Formation of a Central Luzon Core Group on Medical Tourism • Formation of a Central Luzon Medical Tourism Association

  20. Medical Tourism in Central Luzon: An Emerging Industry • ENABLING CONDITIONS • Preparation & Implementation of the Central Luzon Medical Tourism Roadmap & Strategic Development Plan (2007-2027) Initial Plans Made: • Central Luzon Medical Tourism (2007 - 2027): An Emerging Industry • 2. 2007 - 2008 Medical Tourism Industry Development Plan • Planning/ Advocacy • Human Resource Development and Research and Development • Industry Players Development

  21. 2007 - 2008 Medical Tourism Industry Development Plan

  22. 2007 - 2008 Medical Tourism Industry Development Plan

  23. 2007 - 2008 Medical Tourism Industry Development Plan

  24. 2007 - 2008 Medical Tourism Industry Development Plan

  25. 2007 - 2008 Medical Tourism Industry Development Plan

  26. 2007 - 2008 Medical Tourism Industry Development Plan

  27. Medical Tourism in Central Luzon: An Emerging Industry • ENABLING CONDITIONS • CL Wellness Core Group Executive Committee (Agency Directors) Chair : DOH Members: DOT NEDA TESDA DILG DOLE Secretariat: DTI Planning & Advocacy (NEDA & DILG) HRD/ R&D (DOLE & TESDA Manning System 1. Principal – Director 2. Permanent Representative – Technical Staff 3. Alternate Representative – Technical Staff Industry Players Development (DOH, DTI & DOT)

  28. Medical Tourism in Central Luzon: An Emerging Industry • ENABLING CONDITIONS • Formation of a CL Medical Tourism Association • Medical professionals • Doctors • Dentists • Ophthalmologist • Optometrists • Plastic/ cosmetic surgeons • Physical therapists • Occupational therapists • Nurses • Midwives • Nutritionists

  29. THANK YOU!!!

More Related