FUNDING FOR MEDICAL TOURISM PROJECTS

THE MEDICAL TOURISM INDUSTRY

Medical tourism can be defined as the process of traveling outside the country of residence for the purpose of receiving medical care. Growth in the popularity of medical tourism has captured the attention of policy-makers, researchers and the media. Medical tourism is now considered one of the world’s fastest developing specialized types of tourism, and important both economically and socially.   There are currently over 50 countries worldwide that have announced medical tourism as a strategic priority for development, with the continental leaders being Asia, Europe, and South America.
The most popular health services for medical tourists are dentistry, aesthetic surgery, eye surgery, and cardiovascular operations. A large medical tourist flow has been observed, usually in relation to rehabilitation resorts, which are comprised of dental and plastic surgery services, and tourism in general. This has become a well-established practice, combining relaxation with access to health care services.

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FUNDING A MEDICAL TOURISM PROJECT

A great feature in funding medical tourism projects is the fact that:

 

  • Traditional funding instruments can and often are used, and

  • NO special accommodations or arrangements need to be added on to a funding arrangement involving a medical tourism project, whether it's stand-alone or part of a bigger overall project. 

 

The best case scenario is if you (as project promoter/owner) have a ready list of clients or pre-existing arrangements with travel agents specializing in medical tourism. Why? Because for investors it is a start to mitigating risk as it demonstrates that there is demand for your product/service offering.

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THE FUNDING PROCESS

On the business end of a medical tourism project, the promoter/ project owner is required to produce essentially the same basic information and documents as he/she would in any other type of project:

 

  •  Business Plan

  •  Feasibility Study (if you have it)

  • Any and all information and documents connected with the development

 

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Are you a broker looking for new funding sources for your client(s)?

We always appreciate the interest garnered by the service we provide. While we do not have agents representing us in any countries of the world, we still get most of our business from banking consultants, introducers, and brokers worldwide.

If you are a broker, banking consultant, or professional introducer, we welcome the opportunity to do business with you; and in that respect, if you are interested to submit any medical or healthcare-related projects that require funding, we invite you to fill out the contact form below.

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