In recent years, the Chinese medical service market has continued to expand. The proportion of total health expenditure in China to GDP, the number of medical and health institutions is increasing year by year, and the number of beds is also growing steadily. According to relevant statistics, by 2020, the total health expenditure will reach 7.9 trillion yuan, and the proportion of GDP will rise to 7.9%.
However, we have to face the reality that the workload of medical services is mainly concentrated in public hospitals, the development of private medical institutions is relatively lagging behind, and the overall medical service level is still at a low level. Total health expenditure accounts for a low proportion of GDP, medical services account for a low proportion of total health expenditure, and care accounts for a low proportion of medical services. Moreover, China is the country where the number of doctors in the world is relatively rare compared to the number of nurses.
Despite this, the demand for high-end medical services in China has been increasing year by year, more and more people are pursuing high-quality medical care, paying attention to the quality and privacy of medical services, and are reluctant to accept the noisy and crowded medical environment in public hospitals, not sensitive on medical cost, or enjoy high-end medical insurance and be able to afford high medical expenses.
Therefore, “medical tourism” has come to us like a boom, and it has also driven the growth of high-end medical demand in China. According to relevant data: Medical tourism is one of the world's fastest growing industries, global medical tourism market in general about $ 60 billion a year market consumption of about $ 21 billion, annual growth rate of 20-30%.
The so-called medical tourism, the international definition refers to health management and tourism services with the theme of medical care and rehabilitation. From the perspective of the deep integration of medical and tourism industries, tourists go to different places for tourism activities such as food, shelter, and tourism for the main purpose of treatment, health care, beauty and prevention, collectively referred to as medical tourism.
When it comes to medical tourism, we have to mention the country of Malaysia. For it perhaps, more people think of sunny beaches, diving paradise, authentic food. However, Malaysia's medical level is also second to none in the world, coupled with the low price of medical treatment, so that the medical industry in Malaysia has emerged as the world's leading emerging medical travel destination in recent years. On January 7, 2017, in the "International Life" magazine released by the United States in the 2017 ranking of the world's best medical countries, Malaysia ranked first in the world with its superior medical environment!
The low cost of medical care is also the main reason for attracting tourists to Malaysia for medical treatment. According to London media reports, local medical institutions in Malaysia provide visitors with health check-up fees, which is only one-fifth of the same kind of inspections in the UK. In the case of heart bypass surgery, the United States costs about $130,000, and in Malaysia it costs only $10,000 to $15,000, which is only about one-tenth that of the United States.
Wellness Chain (WNC) is the leader in the international blockchain medical program. WNC combines blockchain, Internet of Things, artificial intelligence, Medical Hyperledger Sawtooth, and big data technology to create a first-class smart international health service platform. At the same time, WNC, as a star project in Malaysia, signed a contract with the Deputy Minister of Health of Malaysia and signed cooperation agreement with the Malaysian specialist KTS Hospital. In order to expand the international market, WNC introduces overseas high-quality resources, provides better medical services, and launches a “medical + tourism” dual-drive model, so that users can enjoy a perfect trip while having a medical treatment in Malaysia.
In order to further accelerate the process of connecting WNC with Malaysia's quality medical resources, Dennis Na, CEO of Wellness Chain (WNC) and Calvin Na, Chief Marketing Officer of Wellness Chain were invited by Dr. Syed Azman, Political Secretary of the Malaysian Health Minister on November 26, 2018, to conduct a multi-level, wide-area and in-depth exchanges to discuss the Ministry of Health's policy plan for the next 3-5 years, landing the implementation plan of the EMR System on 135 government hospitals and strengthening the intrinsic links in the digital economy, further expanding the huge potential and broad prospects of medical care, forming a closer cooperation mechanism, achieving complementary advantages, mutual benefit and win-win relationship, and promoting the coordinated development of regional smart medical care.
In the future, WNC will continue to promote the medical and tourism industry progress while innovating medical care, so that more and more people can enjoy more professional, efficient and smart international health services.