Literature DB >> 34954675

Diversified demand for health tourism matters: From a perspective of the intra-industry trade.

Lei Jiang1, Huazhang Wu2, Yang Song3.   

Abstract

Previous studies on health tourism were limited to a small range of topics related to medical tourism. At present, the concept of health tourism has become profound because medical care has been altered from "disease-centered" to "health-centered". The main purpose of this study is to identify the key factors influencing the development of health tourism in China. To this end, in the first stage, an intra-industry trade theory was introduced and quantitative methods were applied to discover the important factors. In the second stage, multiple sources, including empirical studies, official data, research reports, and notably field investigations and case studies were incorporated to take in-depth discussions. The results indicated the foremost factors affecting the health tourism trade were total health expenditure per capita and the number of domestic health consumers. Notably, health tourism was substantially determined by the "willingness to spend on health" of domestic health consumers. In addition, Chinese health tourists were more likely to positively accept health tourism services in China. An important conclusion is that China should diversify health tourism offerings for different consumer groups. Once diversified products for health tourism are provided, the number of health tourism consumers will soar accordingly, which thus contributes to forming economies of scale, lowering the average costs of health treatment, increasing health tourism profit, and stimulating economic development.
Copyright © 2021 Elsevier Ltd. All rights reserved.

Entities:  

Keywords:  Consumer demand; Diversified health-tourism product; Health policy; Health tourism; Intra-industry trade; Traditional Chinese medicine tourism

Mesh:

Year:  2021        PMID: 34954675     DOI: 10.1016/j.socscimed.2021.114630

Source DB:  PubMed          Journal:  Soc Sci Med        ISSN: 0277-9536            Impact factor:   4.634


  1 in total

1.  Understanding the Reality of China's Health Tourism and Consumer Demand From the Perspective of Consumers: A Cross-Sectional Study.

Authors:  Yao Liu; Qian Lin; Dan Zhang
Journal:  Front Psychol       Date:  2022-05-06
  1 in total

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