A SWOT Analysis of Medical Tourism: India and South Korea

25 Pages Posted: 30 Dec 2012

See all articles by Lydia L. Gan

Lydia L. Gan

University of North Carolina at Pembroke; Medical Tourism Research Center

Hongwei Song

Bellarmine University

Date Written: June 27, 2012

Abstract

Medical tourism is a fast growing trend in Asia, and both India and South Korea have been among the front runners in this industry. Several factors come into play when a country is contemplating about engaging in medical tourism as part of its strategies for economic growth. Government support and other areas such as infrastructure, competence of medical staff, the entrepreneurial drive of the middlemen facilitating the process, and the general reputation and political stability of the host country are among key influencing factors. This paper conducts a comparative SWOT (strength, weakness, opportunity, and threat) analysis in India and South Korea with the objective of understanding the various factors that can help or impede the growth of the medical tourism in both nations.

Keywords: Medical Tourism, SWOT, South Korea, India

JEL Classification: O19, N45, L83

Suggested Citation

Gan, Lydia L. and Song, Hongwei, A SWOT Analysis of Medical Tourism: India and South Korea (June 27, 2012). Available at SSRN: https://ssrn.com/abstract=2194856 or http://dx.doi.org/10.2139/ssrn.2194856

Lydia L. Gan (Contact Author)

University of North Carolina at Pembroke ( email )

P.O. Box 1510
Pembroke, NC 28372-1510
United States
9107754265 (Phone)
9105216750 (Fax)

HOME PAGE: http://www.uncp.edu/business/

Medical Tourism Research Center ( email )

P O Box 1510
One University Drive
Pembroke, NC 28372
United States
910-521-6592 (Phone)
910-521-6750 (Fax)

HOME PAGE: http://www.uncp.edu/mtrc/

Hongwei Song

Bellarmine University ( email )

United States

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