on medical tourism per annum and about 60% of this amount is spent in the healthcare areas of cardiology, orthopedics, renal dialysis issues and cancer.
Nigeria with its massive population and lack of a robust national health insurance framework, has become a major source market for medical tourism. In Nigeria, there is obviously a ready market of its citizens seeking high quality medical care with the requisite purchasing power. Also, According to ‘2018 OECD Health Statistics’, Korea’s Life expectancy was 82.4 years, infant mortality rate was 2.8 among 1000 which is 1.1 less than OECD country’s average, Current Health Expenditure is 7.6% which is 1.3%p less than OECD country’s average.Korea is an emerging new leader on the global healthcare market through advanced medical technologies, cutting-edge hardware and IT-based infrastructure.
However, Korea’s top medical technology has led to a result of five-year Cancer survival rates as 70.6% in 2012-2016 among all cancers. Korea has the highest colorectal cancer survival rate at 76.8%. Furthermore, Korea’s breast cancer’s survival rate is 92.7%, prostate cancer’s survival rate is 93.9%, and stomach cancer’s survival rate is 75.8%. Mortality from hemorrhagic stroke is the third lowest in the OECD at 13.7 deaths. For ischaemic stroke it ranked second at 3.4 deaths.
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