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[EUPRwire, Wed Aug 27 2014] Mexico strives to be among the top destinations for health and wellness tourism in the world, and its close proximity and cost savings of up to and even over 50% for surgeries and medical procedures when compared to the same procedures in the US make it a popular destination indeed. It also boasts more than 100 certified hospitals by international standards of the Joint Commission International, alternative medicine such as hydrotherapy, temazcal and thalassotherapy, amongst others. This led the government and private companies to invest during the review period in hospitals and hotels in main cities such as Monterrey, Puebla, Ixtapa-Zihuatanejo, Puerto Vallarta, Queretaro, San Luis Rio Colorado, Riviera Maya, Tijuana and Mexico City. The purpose is to increase and improve infrastructure to offer high-quality services in order to attract more health and wellness tourism and increase its permanence in the country. Some of these projects are known as Health City or Medical City and include all services that patients and their families would need (accommodation, transportation and attractions, amongst others).
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Over the forecast period 2013-2018, health and wellness tourism is expected to see value growth rise at a CAGR of 5% (at constant 2013 prices), reaching sales of Mx$68.6 billion by 2018. The growth in sales in health and wellness tourism is likely to be driven by medical tourism, which by 2018 is expected to represent 73% of value sales. The increasing offering of lower-cost medical procedures compared to US rates and the wide range of additional high-quality services that can be found in Mexico's destinations is likely to drive this market over the forecast period, as people demand additional services to improve their stay whilst recovering from medical treatments.
Discover the latest market trends and uncover sources of future market growth for the Health and Wellness Tourism industry in Mexico with research from Euromonitor's team of in-country analysts.
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The Health and Wellness Tourism in Mexico market research report includes:
* Analysis of key supply-side and demand trends
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