The medical tourist industry is dynamic and volatile in nature. The range of factors including the political instability, travel restrictions, advertising practices, economic climate, domestic policy changes, geo-political shifts, innovative and pioneering forms of treatment has contributed towards the shift in patterns of consumption and production of domestic and overseas health services. The reason for the shift is are the relatively low-cost of treatments in less developed nations, the availability of inexpensive flights and increased marketing and online consumer information about the availability of medical services.
Global Medical Tourism Market:
The global medical tourism market has been evaluated as a growing market and it is expected that the market will touch high growth figures in future. Factors such less expensive treatment options in developing countries and the advancement in the technologies for the treatment of chronic diseases will drive the growth of the market. The global medical tourism market is expected to grow with CAGR of ~15% during the forecasted period.
Key Players for Global Medical Tourism Market:
• Parkway Pantai Limited (Singapore),
• Prince Court Medical Centre (Malaysia),
• Shouldice Hospital (Canada),
• Schoen-Kliniken (Germany),
• Bumrungrad International Hospital (Bangkok),
• Bangkok Hospital (Bangkok),
• CHRISTUS MUGUERZA,
• Fortis Healthcare (India)
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The Hottest Trend in the Market
Medical tourism is associated to the broader notion of health tourism which in some countries has longstanding historical backgrounds of spa towns and coastal localities and other therapeutic landscapes. This industry is growing at very rapid pace. The most advanced technology, better quality care for the medically necessary procedures and the lower-cost care for the medically necessary procedures are some of the major factors driving the market for medical tourism.
Among the treatment; cosmetic surgery, dentistry, cardiology/cardiac surgery, orthopedic surgery, bariatric surgery, fertility/reproductive system, organ and tissue transplantation, eye surgery are compositing the growth of the market. It is projected to grow at a steady pace from the period of 2013 to 2022.
Global medical tourism market has been segmented
On the basis of treatment which comprises of cosmetic surgery, dentistry, cardiology/cardiac surgery, orthopedic surgery, bariatric surgery, fertility/reproductive system, organ and tissue transplantation, eye surgery and others.
On the basis of region; market is segmented into Americas, Europe, Asia-Pacific, Middle East & Africa.
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• Medical device manufacturers
• Medical device suppliers
• Private Research Laboratories
• Research and Development (R&D) Companies
• Market Research and Consulting Service Providers
Taste the market data and market information presented through more than 50 market data tables and figures spread in 110 numbers of pages of the project report. Avail the in-depth table of content TOC & market synopsis on “Medical Tourism Market Research Report- Global Forecast to 2022”
Table of Content
1.2 Scope of Study
1.3 Research Objective
1.4 Assumptions & Limitations
1.5 Market Structure:
2 Research Methodology
2.1 Research Process
2.2 Primary Research
2.3 Secondary Research
3 Market Dynamics
3.5 Macroeconomic Indicators
4 Market Factor Analysis
4.1 Porter’s five forces model
4.1.1 Bargaining Power of suppliers
4.1.2 Bargaining Power of Customer
4.1.3 Intensity of Competitor’s
4.1.4 Threat of New Entrants
5 Global Medical tourism Market, by Treatment
The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value, technological advancement, macro economical and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different market segments and regions.
Key questions answered in this report
• What will the market size be in 2022 and what will the growth rate be?
• What are the key market trends?
• What is driving this market?
• What are the challenges to market growth?
• Who are the key vendors in this market space?
• What are the market opportunities and threats faced by the key vendors?
• What are the strengths and weaknesses of the key vendors?
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