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Are The Romanian Healthcare Services Competitive On The International Market?

Author

Listed:
  • PENTESCU Alma

    (Lucian Blaga University of Sibiu)

  • CETINÄ‚ Iuliana

    (The Bucharest University of Economic Studies)

  • ORZAN Gheorghe

    (The Bucharest University of Economic Studies)

Abstract

Alongside low-cost travel, scientific and surgical developments, the disappointment with medical treatments at home, lack of access to healthcare at reasonable cost or in reasonable time, the rise of high quality healthcare in developing countries, greater mobility, as well as a growing demand for cosmetic surgery encouraged patient mobility. Thus, according to Patients Beyond Borders, medical tourism has been growing annually by 20%, and is worth up to 55 billion $. Countries such as Thailand, India, Singapore, Turkey, Germany, Hungary, Mexico and Costa Rica are some of the most popular destinations for medical tourists. In this context, using secondary data, the aim of this paper is to analyse if the Romanian healthcare services are competitive on the international market. Can Romania benefit from the medical tourism industry even though its' healthcare system faces serious problems on basic aspects?

Suggested Citation

  • PENTESCU Alma & CETINÄ‚ Iuliana & ORZAN Gheorghe, 2016. "Are The Romanian Healthcare Services Competitive On The International Market?," Revista Economica, Lucian Blaga University of Sibiu, Faculty of Economic Sciences, vol. 68(5), pages 139-148, December.
    • Handle: RePEc:blg:reveco:v:68:y:2016:i:5:p:139-148
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    File URL: http://economice.ulbsibiu.ro/revista.economica/archive/68512pentescu&cetina&orzan.pdf
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    More about this item

    Keywords

    healthcare services; health tourism; medical tourism; healthcare trends; secondary data;
    All these keywords.

    JEL classification:

    • M31 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Marketing and Advertising - - - Marketing
    • I11 - Health, Education, and Welfare - - Health - - - Analysis of Health Care Markets

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