The flattening of the world’s economy has spawned a new trend in the local medical-tourism industry: Foreigners are starting to come to the Philippines because of the country’s ever-growing availability of cheap but reliable regenerative or stem-cell treatments.
Dr. Samuel Bernal, consultant on regenerative medicine for the Medical City, said some hospitals in the Philippines are starting to gain vigor in stem-cell treatments. Patients treated last year reached over 100 in number.
“Ours [Philippines] is cheaper compared to other developed and developing nations,” Bernal told the BusinessMirror in a phone interview on Monday after a briefing with the media on “Bioregenerative Medicine for Health and Wellness.”
In the US, for instance, stem-cell medicine costs $120,000 and above. In the Philippines, it is 40 percent lower than that of the US.
But all stem-cell medicine that local hospitals have, according to Bernal, have similar approaches with other countries.
He said the Philippines, which is home to the best medical professionals around the globe, can develop
its own regenerative-medicine methodology.
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