It is expected this project to be bring long term economical benefits to the home country and to the medical tourists. This project is initiated with the expectation of incremental growth year on year basis together with a significant expansion strategy. Thus, it is expected that this project will have a significant positive contribution towards the GDP of the home country. Increasing demand for cosmetic surgeries and medical education is the key reason for this project to be initiated. Credibility and potential of this project can be further supported by the expected future growth of this industry as per the statistics. As a result, many investors at angle investment level are keen to provide financial support for these projects.
It is expected that the medical tourism market will increase significantly over the 10 years. This creates a potential towards the project mentioned in this report. It is also expected that the consumers in the Asia Pacific region will become increasingly more sophisticated and educated about medical tourism industry. Among the vatios reasons to support the growth of the market; rapidly aging population and increasing concerns about wrinkles & related skin disorders are some of the key factors likely to boost the market.
Additionally, increasing prevalence of breast cancer is increasing the demand for breast augmentation and breast lift procedures. Changing lifestyle, increasing affordability, and advancements in technologies are the other factors that has a created an impact towards the increasing demand of this industry.
Asia Pacific region is anticipated to be the fastest growing region during the forecast period from 2017 to 2025, owing to the growing demand for cosmeceutical surgeries in Japan, South Korea, India, and China. Growing aesthetic awareness amongst the population and increasing medical tourism in the region due to developing healthcare infrastructure & affordable treatments are likely to propel the market.
Thus, it can be concluded, that this project has greater potential and credibility.
