Thailand has been highlighted as a major destination for medical tourism
The Asian Medical Tourism Analysis (2008-12) has found that medical care in the country can be up to 70 per cent cheaper than in Europe or the US.
While most of Asia offers comparatively cheaper treatments than the west, Thailand still beats markets such as Singapore.
The report, carried out by research company RNCOS, predicted that the medical tourism industry across Asia was likely to grow at a rate of around 16 per cent between 2010 and 2012.
This growth is triggered by strong investment in the sector in Malaysia, Singapore and Thailand.
High rates of investment could mean that these countries have "quality-assured medical care through first-class facilities and highly trained medical specialists", according to the report.
India was also predicted to see a major growth spurt in the next two years with figures suggesting that the country will account for 25 per cent of the region's medical tourism industry by 2012.