Global Medical Tourism and China's Growth in the Marketplace - Report

This report delves into the dynamics of global medical tourism, with a specific focus on China's evolving marketplace. The analysis explores key factors influencing China's economic growth, including technological advancements and business sector developments. The report examines the impact of cultural beliefs on business, the rise of online shopping, and the advantages and disadvantages of medical outsourcing. It also discusses the benefits of medical tourism for patients and healthcare providers, as well as the potential risks involved. The report references various academic sources to support its findings and provides a comprehensive overview of the current trends and future prospects within the global medical tourism industry.

Running head: GLOBAL MEDICAL TOURISM AND CHINA’S GROWTH IN MARKETPLACE
GLOBAL MEDICAL TOURISM AND CHINA’S GROWTH IN MARKETPLACE
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1GLOBAL MEDICAL TOURISM AND CHINA’S GROWTH IN MARKETPLACE
Table of Contents
1.0 Will China Continue To Be A Growth Marketplace?..........................................................2
1.1 QUESTION 1...................................................................................................................2
1.2 QUESTION 2...................................................................................................................2
1.3 QUESTION 3...................................................................................................................3
2.0 Global Medical Tourism......................................................................................................3
2.1 QUESTION 1...................................................................................................................3
2.2 QUESTION 2...................................................................................................................4
2.3 QUESTION 3...................................................................................................................4
2.4 QUESTION 4...................................................................................................................5
3.0 References............................................................................................................................6

2GLOBAL MEDICAL TOURISM AND CHINA’S GROWTH IN MARKETPLACE
1.0 Will China Continue To Be A Growth Marketplace?
1.1 QUESTION 1
According to my perspective, the growth in the significant sectors of the technology
as well as the other identified sectors of the business it can be adhered that the economic
growth of the country, China may evolve in the future years. This also includes the
significant maintenance in respect to the enhancement of the economic growth. According to
my thinking I identified that there must be a significant time that the economic growth will go
down or said to dip slowly (Orr, 2017). This will eventually lead to the lowering down of the
economic growth just in case of the United States. The significant economic growth of the
country mainly depends on the factors that the other countries tries to move within the
business market of the stated country thus adhering the fact of establishing business within
the industrial areas of the country. This will eventually slowdown in respect to the fact that
the economic growth of the country itself will evolve in the next coming years.
1.2 QUESTION 2
There are a lot of cultural beliefs that are associated with the growth in the business of
the country. This are carried out by every generation to generation. Due to this potential
factor, it will be very effective to have a business growth, but I do not think that the overall
population of the country will be much willing to pay for a certain specific and particular
brand. The company or the brand of Apple can be taken into consideration. This brand will
never the desire of the people of country. I strongly believe that the people of the country will
be very effective in respect to their spending of money by 2020. This will tend to increase the
overall scenario of the economic growth of the country with respect to the economic scenario
present within it (Du et al., 2018). This will amplify the business growth of specific brands

3GLOBAL MEDICAL TOURISM AND CHINA’S GROWTH IN MARKETPLACE
within the country thus enhancing the overall growth of the economic conditions within the
country by the year 2020.
1.3 QUESTION 3
According to my personal thought, I potentially believe that the overall shopping
industry based on online will be amplified in respect to the country of China. This trend of
online shopping will be depicted as a popular trend in respect to the overall market of the
world. This has been identified from various surveys that the eighty percent of the sales will
be enhanced. This enhancement will tend to infiltrate china as well in the future coming
years. This will play a significant role in the enhancement of the sales in respect to the
economic growth of the country (Cheng and Yiu, 2016). Moreover, the trend in respect to the
growth of technology within the country of China and in the United States, it can easily be
identified that the trend of online shopping will take an efficient leap. Thus, the trend of
online shopping will be convenient as well as easier to the customers in respect to the users
that are associated with this mode of shopping as well as the organizations associated with
the service of shopping.
2.0 Global Medical Tourism
2.1 QUESTION 1
The significant advantage that is identified in respect to the outsourcing of the
significant tasks in respect the field of Medical Tourism is that the wages in respect to
outsource is much less in regrads if it is done within the country. Moreover, the taks will be
performed in a much effecive mannner as well as the activities will be well defined in
association of teh tasks that are to be provided (Crooks, Ormond and Jin, 2017). However,
the main cost that is associated with the overall outsourcing is very less than that of the test
that is to be carried out within the country premises. The primary concern in respect to the

4GLOBAL MEDICAL TOURISM AND CHINA’S GROWTH IN MARKETPLACE
outcourcing is the cost of checking the overall tasks provided by the countries to the lower
level countries. The level of cost that is offered is about 10-25 percent less that is provided in
India. This is a significant decrease in the rate of the mmedical taska that is associated within
the country.
2.2 QUESTION 2
According to me, the medical outsourcing that is adhered by the organizations of
American health care is depicted to be the fact that they tend to amplify the profit of the
medical organizations. Moreover, this situation would be identified as a good thing in my
perspective, as this will amplify the business procedure of the overall medical tourism
business. This will significantly help in the reduce of the significant wages or the financial
deployment that is needed in respect to the medical association present within the country of
America (Ruggeri et al., 2015). Moreover, this will help the country to use this amount of the
financial amount to be used in the different sectors of the medical treatments. Thus, it will
enhance the significant usage of the different countries thus making significant associations
in the field of medical tourism as well as the financial adherences of the country will also be
less in respect to the other fields associated with the medical business.
2.3 QUESTION 3
The potential practical limits that are associated with the outsourcing of the health
care provision are depicted as the criticality of the patient that is in need of the treatment.
Many of the issues present within the healthcare environment requires significant and quick
attention. These issues has to be highlighted as well as focused in an emergency basis, which
will further lead the patient to get cured (Connell, 2016). If any patient with critical illness is
sent to some other country via medical tourism it may be adhered that sometimes, the patient
might get leading that is critical to death. Moreover, the reports of the significant patients

5GLOBAL MEDICAL TOURISM AND CHINA’S GROWTH IN MARKETPLACE
associated with the overall medical treatment may be delayed thus delaying the procedure of
the treatment as many of the small test reports are outsourced from significant small countries
such as India. The sector of the healthcare is depicted as one of the critical sector of business
associated within the overall world. Thus it may be depicted that most of the healthcare
criteria or associated tasks must be performed within the bounds of the country thus adhering
the importance of such situation as well as the wages that are required for performing the
healthcare tasks by the other countries must be taken into consideration so that the tests or
implications can be carried out in the same country at an affordable rate.
2.4 QUESTION 4
With the growth of the medical tourism in different countries, it can be depicted that
the primary beneficiaries are the patients that suffer from the significant as well as critical
illness. Moreover, the tourism has helped the doctors to amplify the chance for saving the life
of their critical patients. In addition to this, with the growth of the medical tourism it has been
very easy for the patients of the third world countries to get better doctor as well as healthcare
support thus enhancing the overall healthcare industry (Sandberg, 2017). This facility are also
sometimes provided by the hospitals itself as they need to shift the patient to provide with an
extra level of facility that might be present within the other branches of the same hospital
organization. This trend will be mostly helpful to the patients; the hospital organizations as
well as the doctors associated with significant hospital, but this also have certain limitations
too. The deep thinking over this matter will lead us to find a significant disadvantage that the
patient take as risk (Ormond and Sulianti, 2017). The risk is of the health in respect to the
patient as the patient moves from a country to another country to get a significant amount of
discount in the overall treatment procedure. Therefore, it is disadvantageous to put a life on
risk for saving a small amount of money. However, the quality of the treatment also matters
within the country that the patient is trying to migrate to get the treatment.

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3.0 References
Cheng, J.L. and Yiu, D., 2016. China business at a crossroads: institutions, innovation, and
international competitiveness.
Connell, J., 2016. Transnational health care: Global markets and local marginalisation in
medical tourism. In Bodies Across Borders (pp. 75-94). Routledge.
Crooks, V.A., Ormond, M. and Jin, K.N., 2017, July. Reflections on ‘medical tourism’from
the 2016 Global Healthcare Policy and Management Forum. In BMC proceedings (Vol. 11,
No. 8, p. 6). BioMed Central.
Du, W., Pan, S.L., Zhou, N. and Ouyang, T., 2018. From a marketplace of electronics to a
digital entrepreneurial ecosystem (DEE): The emergence of a meta‐organization in
Zhongguancun, China. Information Systems Journal, 28(6), pp.1158-1175.
Ormond, M. and Sulianti, D., 2017. More than medical tourism: lessons from Indonesia and
Malaysia on South–South intra-regional medical travel. Current Issues in Tourism, 20(1),
pp.94-110.
Orr, G., 2017. What can we expect in China in 2018. McKinsey and Company.
Ruggeri, K., Záliš, L., Meurice, C.R., Hilton, I., Ly, T.L., Zupan, Z. and Hinrichs, S., 2015.
Evidence on global medical travel. Bulletin of the World Health Organization, 93, pp.785-
789.
Sandberg, D.S., 2017. Medical tourism: An emerging global healthcare industry.
International Journal of Healthcare Management, 10(4), pp.281-288.