Cost is not the leading driver of Medical Travel - McKinsey

The McKinsey Quarterly recently released results its new report titled Mapping the Market for Medical Travel. It describes multiple market segments for medical travelers. Interestingly, cost is not the leading driver of medical travel or the leading market segment for medical travel. According to their survey, the main reasons people travel outside their home country for healthcare are:
- Most Advanced Technology (40%)
- Better-quality care for medically necessary procedures (32%)
- Quicker access for medically necessary procedures (15%)
- Lower cost care for medically necessary procedures (9%)
- Lower cost care for discretionary procedures (4%)

The survey was of a global audience, so many of the patients traveling overseas for medical care were traveling to the U.S. Many other segments included substantial portions of patients from developed countries traveling to other destinations, especially developing countries.

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