Under the Chilean healthcare system the purchase of health insurance is mandatory and there are 2 main service providers: Fonasa – public plans Isapres -private plans Health insurance is funded through a 7% tax that is levied on the wages of salaried employees. These funds are put into an account with which the employee can […]
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A quick view of South Korea’s economic growth and healthcare spending South Korea’s healthcare (HC) expenditures were €58.14 bn from 2016-2017, or 4.6% of the GDP. As a percentage of GDP this expenditure is forecasted to decrease slightly over the next 2 years, though overall expenditure will increase steadily, due to positive GDP growth forecasts. […]
Egypt’s healthcare market is one of the largest in the Middle East and North Africa. In theory, Egypt offers a universal healthcare system. In practice, half of the population has limited access to health because of high patient contributions, non-availability of adequate medical services and lack of quality.
Poland has a sturdy track record as a liberal and sound business partner, and currently holds the 6th largest economy in the European Union. From 2014 onwards, Poland has enjoyed a strong GDP growth of near to -or above- 3% annually. Forecasts predict it will continue with this performance. Consumer spending was a principal driver for […]
Australia is often viewed as one of the most opportune markets in the Asia-Pac region, based on purchasing power, volumes, and risk evaluations. It has a well-established and connected healthcare market, with importers from all over the world, and the highest per capita expenditure on HC in the Asia-Pac region. It is quick and keen […]
With the continuous advancements in computer sciences and telecommunication, the types of medical informatization have evolved rapidly, from simple information exchanges via telephones to the sharing of medical documentation through big data. Japan, one of the leading countries in information technology, has applied all kinds of state-of-the-art capabilities to develop and deploy national medical informatization. […]
On November 8, 2016, the Chinese Ministry of Human Resources and Social Security released the “Internet Plus Human Resources 2020” action plan, specifying that Chinese social security cards will now be capable of payment functions for various services, including medical insurance. Meanwhile, the ministry is working with commercial banks and third-party payment platforms to build […]
Push and pull factors of medical tourism development in AsiaPac determine specific obstacles and challenges in this market and definitely presented a lot of opportunities. When building your strategy to enter the medical tourism market in AsiaPac, the key questions to ask are: what are the particular demands and medtech needs in this sector; how […]
In the coming two years (2018-2020), the market will grow and evolve rapidly, and there are many factors to consider in order to stay on-top and ahead, i.e. to optimize and revise your products’ market presence proactively, and to successfully address the procurers’ needs.
In the first part of our investigation into medical tourism in Asia-Pac we introduced the market, its dynamics, trends, and pull and push factors. In this second part of the series, we explore to greater length specific countries and investor groups within the AsiaPac region, and their characteristics and activities pertaining to medical tourism. We […]