SINGAPORE (Sept 17): The global medical tourism industry was valued at US$100 billion in 2016 by Medical Tourism Magazine. According to Deloitte, the industry has been growing at 17.9% annually since 2013. Increasing spending on healthcare continues apace, in tandem with the rise in the global ageing population and lifestyle-related diseases. Medical tourism is a trend that has developed on the back of a growing disparity in medical costs between different countries. The idea of visiting a foreign country also adds to the appeal of medical tourism. A July 2012 publication by the University of Malaya found that similar medical procedures in Asia cost 6% to 33% less than in the US. 

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