Pharmacovigilance, defined by the World Health Organization (WHO) as ‘the science and activities relating to the detection, assessment, understanding and prevention of adverse effects of drugs’, is one of the fastest growing industries in the field of life sciences.
The healthcare industry is astir with patients, doctors, technological advancements, research, drugs, diseases and inventions. What could be new to this industry? The answer is an emerging concept called Medical Tourism. This concept in the field of medicine is fast flourishing, with patients travelling to seek medical care across international borders. Cheap treatment costs, unavailability of procedures in the home country and lengthy waiting times are the primary cause of this movement. medhalt.com has stepped in to take advantage of the niche market of medical tourism, which currently is a 60 to 90 billion USD industry.