Medical tourism in Greece: investment opportunities
According to a survey by the European Commission, almost 50% of European respondents plan on receiving medical treatment abroad, a figure that is expected to grow. According to Radiant Insights, the global medical tourism market is projected to expand at a compound annual growth rate of 12.55% from 2017 to 2021. the two most popular reasons why people choose to go abroad for medical treatment are the unavailability of particular forms of treatment
Strengthening its medical tourism offerings is one
Greek health professionals have an excellent reputation abroad as many of them work in the United Kingdom, Germany, Cyprus, France and Switzerland. Greece has one of the highest medical practitioners per capita in Europe. at 6.3 per 1,000 people, this figure exceeds the EU average (3.4 per 1,000 people) by almost twice, according to the data from the Organization for Economic
Favourable living conditions are an important part of treatment in another country. In Greece, the sun shines 300 days a year on average, the temperature in winter rarely falls below 10 °C, and the temperature in summer averages
The Mediterranean diet, based on the traditional cuisine of Crete and Southern Italy, is said to prevent cardiac disease and lower cholesterol levels. Its staples include fruit, vegetables, potatoes, whole grains, rice, beans, nuts, chickpeas, lentils, herbs and olive oil. This diet is rich in nutrients and fibres that are good for health. According to Eurostat, Greece is one
The average life expectancy in Greece is higher than most other European countries: men live to 78 years — five years longer than most Europeans — and women live to 83 years, three years longer compared to the European average of 80 years. Life expectancy is 79.4 years for men and 83 years for women in the United Kingdom and 76.9 years for men and 81.6 years for women in the United States.
Where and what to treat?
One of the most popular medical treatments among foreign nationals in Greece
Dialysis treatment is also popular among medical tourists in Greece, where there are over 50 medical providers offering this procedure, including those located at popular resorts like Kalamata, Crete, Meteora, Rhodes and Santorini. In the past 15 years, Greek clinics have attracted more than 20,000 patients from the United Kingdom, Germany, Denmark, Sweden, the Netherlands, Italy, Belgium, the United States and Australia for treatment
Many foreign nationals also visit Greece for plastic surgery. In this segment, popular services include breast augmentation, facelifts and liposuction.
The largest clinics working with international patients are Athens Medical Group, Hygeia, Iaso and Mitera (all located in Athens) as well as the Interbalkan Medical Center (located in Thessaloniki).
In addition, there are over 850 thermal springs in Greece, which patients visit for stress reduction, fatigue mitigation and relief of certain ailments. For example, skin and musculoskeletal disorders are treated throughout the year at Lake Vouliagmeni (25 kilometres south of central Athens) and from April through October at Miraggio Thermal Spa Resort on the Chalkidiki peninsula.
What to invest in?
The 2008 financial crisis severely affected
However, since 2010, the Greek government has been taking numerous measures to reduce
The development of medical tourism will attract new visitors to the country. They will spend money on treatment but also on accommodation (usually apartment hotels), food and shopping. Therefore, investors should consider putting their funds not only into healthcare facilities but also tourist properties: hotels and
Yulia Kozhevnikova, Tranio
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