Associate Professor of Business Marc Fetscherin is the co-developer of the Medical Tourism Index (MTI) in collaboration with Renee-Marie Stephano, president of the Medical Tourism Association (MTA), and in partnership with the International Healthcare Research Center. They recently released the 2016 MTI, which lists the top 41 destinations for those seeking value-added services and high quality of healthcare across the globe. The MTI considers 34 criteria and groups them into three dimensions in terms of overall destination environment, medical tourism industry, and quality of facilities and services.
The recent report issued by VISA and Oxford Economics values the Medical Tourism industry at $439 billion, with a projected growth rate of up to 25 percent year-over-year for the next 10 years. The report estimated three to four percent of the world’s population will travel internationally for healthcare and health-related treatment. The 2016 MTI is the only industry wide global metric and provides information for both those seeking and those providing healthcare services.