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Medical-Health Services

Medical-Health Services

The Government of Cyprus aims in the differentiation and enrichment of the tourism sector by focusing on the promotion of health services. Health services tourism is a developing industry that combines medical treatment with vacation. Health services address the needs of ill tourists, providing medico-pharmaceutical care and stay in hospitals and recuperation centres.

 
Sector Synopsis
  • Expenditure of health services was €1,200 million in 2009, €552 million of which constitutes expenditure of the public sector and €648 million of the private sector
  • The share of expenditure as a percent of GDP increased was around 6.3% in 2009
  • Six public General Hospitals: two in Lefkosia, and one each in Limassol, Larnaca, Ammochostos and Paphos and around 80 Private Hospitals and Clinic
  • Approximately 60,000 health travellers came into Cyprus according to the CTO 2010 Study (UK-78%, Germany-9%, Israel and Middle East-7%, Sweden-3%, Italy-3%)
  • In 2011, EU Cross Border Healthcare Directive was passed/approved and will result in the increase of individuals looking for alternative health tourism locations
  • Other specialized medical institutes, offering services in:
    Cancer treatment
    Organ transplants
    Services on bone marrow
    Cardiac surgery procedures and non-invasive Cardiac surgery
    Neurology and Genetics

 

Infrastructure Statistics:

  • The Cyprus University of Technology offers courses in “Health Services”
  • A Medical School at the University of Cyprus will begin offering degrees by 2016
Specialized medical institutes in Cyprus include:
  • The BOC Oncology Center for cancer treatment
  • The Paraskevaidio Surgical & Transplant Foundation for organ transplants
  • The Karaiskakio Foundation for services on bone marrow
  • The American Heart Institute for cardiosurgical procedures

Source: Health Insurance Organization

 

Advantages/Opportunities
Cyprus welcomes investor interest in Health Services. Several FDI opportunities exist to build and transfer or operate centers offering care in several fields including: pathology, general chirurgical, heart operation, plastic chirurgical, ophthalmology, gastroenterology, pediatric, otorhinolaryngology, obstetrics and gynecology, urology, orthopaedics. In particular, centers providing these specialized services:
  • Cardiac Surgery interventions
  • Kidney transplants
  • Renal insufficiency care
  • Oncology services
  • Preventive/diagnostic tests
  • Dental examinations/treatments
  • Surgical remedial or aesthetic surgery/treatment
  • Rehabilitation for people who need long recovery after surgery
  • Mental rehabilitation
  • Rehabilitation for patients with respiratory problems
  • Neurosurgery
  • Other medical services such as orthopedic, plastic surgery, gynecology, in vitro fertilization, gerontology, rheumatology, endocrinology, dermatology, nature cure, etc.

Cyprus focuses on health services and offers several opportunities for partnership between private companies and local government.

 

 

 

 

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