Here are some surprising cost comparisons which justify the existence of the medical tourism industry. A liver transplant in the U.S would cost close to a whopping $300,000, while a person who opts to travel to Taiwan would end up paying just around $90,000. This translates into savings of around 70 percent. Similarly, a heart valve replacement costs about $10,000 in India, whereas it costs around $200,000 in the United States. Women who plan to undergo complex cosmetic surgery have to spend a fortune in the U.S. In this case, a full facelift in South Africa would cost just around $1250 compared to about $20,000 in the United States. These glaring price cost savings are the most important reason for the huge growth in the medical tourism industry

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The medical tourism industry is growing and will continue to rapidly surge unless healthcare providers and insurance companies make sincere efforts to lower the costs of health insurance. Medical travel is not a problem; it is an answer to cheaper medical solutions. And unless the healthcare industry in western countries finds answers to reducing costs, medical tourism will definitely be the most convincing answer.

Medical tourism is the practice of travelling to different countries to get quality and affordable healthcare services. It is also referred to as global healthcare, health tourism, and medical travel. The term 'medical tourism' was created by the media and travel agencies to popularize this form of practice. Today, medical tourism has grown to become an official industry in more than 50 countries.

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Another reason is the high costs of medical insurance in western countries which have led to many people not opting for any medical plans. The high unemployment rates in the U.S and other European countries are another major contributing factor. Today, due to the deteriorating unemployment levels millions of people can no longer afford health insurance. So, a person not covered by health insurance has very less options other than seeking cheaper treatment elsewhere. As a result, medical travel has gained rapid acceptance and popularity in a short period of time.

Medical travel abroad isn't just popular because of the cost savings. There are many other benefits too. For example, the waiting times for medical procedures in the U.K are long and cumbersome. On the other hand, in medical tourism, a patient's entire procedure is planned and scheduled well in advance. Once the patient arrives in the host country, there is little to no waiting time. Here is another example to illustrate this point. In Canada, during the year 2005, more than 750,000 Canadians had to wait for an average of 9.5 weeks to get their medical procedures done. Canada also sets long waiting benchmarks ranging from 16 to 26 weeks for non-emergency medical procedures like cataract and hip replacement surgery.