The Global Medical Tourism Market will generate an explosive double digit CAGR of 21.4% during the forecast period (2017-2023).
Major Players in the Medical Tourism Market
Some of the key players in the global market: Asklepios Kliniken Verwaltungsgesellschaft Gmbh (Germany), Fortis Healthcare (India), Gleneagles Global Hospitals Group. (India), Prince Court Medical Centre (Malaysia), Samitivej PCL (Thailand), CHRISTUS MUGUERZA (Mexico), Anadolu Medical Center (Turkey), and others.
Medical Tourism is where people who live in one country travel to another country to receive medical, dental and surgical care while at the same time receiving equal to or greater care than they would have in their own country, and are traveling for medical care because of affordability, better access to care or a higher level of quality of care. “Domestic Medical Tourism” is where people who live in one country travel to another city, region or state to receive medical, dental and surgical care while at the same time receiving equal to or greater care than they would have in their own home city, and are traveling for medical care because of affordability, better access to care or a higher level of quality of care.
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The Global Medical Tourism Market has been growing rapidly and expected to reach at a high growth figure over the review period owing to availability of lots of opportunities. Availability of cost-effective treatments, quality service and less waiting period, rising geriatric population, and increasing prevalence of diseases boost the growth of the market. Furthermore, quality of the treatment and increasing level of living standard have fueled the market growth. However, communication or language barriers and complications due to traveling before and after surgery may restrain the market growth. The major challenge to the market is to control the illegal practices such as organ trafficking.
- The Global Medical Tourism Market is expected to reach USD 226,762.7 million by 2023.
- Asia Pacific holds the largest share of 43.7% of the global market.
- Orthopedic/spine by type holds the largest market share of 14.9% of the Global Medical Tourism Market and is expected to reach USD 27,902.8 million by the end of the forecast period.
- Globally, Oncology/Cancer is the fastest growing segment and expected to grow at a rate of CAGR 21.9% during the forecast period owing to continuously increasing prevalence of different types of cancers.
Global Medical Tourism Market has been segmented on the basis of treatment types, which comprises of orthopedic/spine treatments, oncology/cancer treatments, cosmetic treatments, cardiovascular/cardiology treatments, dental treatments, neurology/neurosurgery treatments, fertility/IVF treatments, and others.
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1 Report Prologue
2 Market Introduction
2.2 Scope of the Study
2.2.1 Research Objective
3 Research Methodology
3.2 Primary Research
3.3 Secondary research
3.4 Market Size Estimation
4 Market Dynamics
List of Tables
Table 1 Global Medical Tourism Market, 2013-2022 (Usd Million)
Table 2 Global Medical Tourism Market, By Treatment, 2013-2022 (Usd Million)
Table 3 Global Medical Tourism Market, By Region, 2013-2022 (Usd Million)
List of Figures
Figure 1 Research Process
Figure 2 Porters Five Forces Model
Figure 3 Global Medical Tourism Market, By Treatment
Figure 4 Global Medical Tourism Market, By Region
Figure 5 Global Medical Tourism Market: Company Share Analysis, 2015 (%)
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