WiseGuyReports.Com Publish a New Market Research Report On –“ Medical Tourism Market 2019–2026 : Global Growth Drivers, Opportunities, Trends, and Forecasts”.
The medical tourism market is anticipated to reach over USD 31.21 billion by 2026.In 2017, the orthopedic treatment dominated the global medical tourism market, in terms of revenue. Asia-Pacific is expected to be the leading contributor to the global market revenue in 2017.
There has been a great demand for medical tourism in the years. Hence, attracting the international customers has been a great challenge for the companies to attract the medical travelers. These companies have potential strategies that help in creating number awareness in the target audience. This strategy has helped successfully building the brands and has influenced the market growth in the recent past. Furthermore, the patients travelling for medical to the developing countries due to affordability, better and higher level of quality of healthcare to also boost the medical tourism market in the coming years.
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Considering, the cost factor for the healthcare in the U.S. continues to rise. According to the Visa and Oxford Economics, the figure of will grow up to 25% in coming years. Also, this increase would cover various treatment range like orthopedic surgeries, dental work, and cosmetic surgery. However, issues with the patient follow-up and post surgical complications, and different standards for the treatment in various countries would impede the medical tourism market growth.
The key players operating in the medical tourism market include Bumrungrad International hospital, Apollo Hospitals Enterprise Limited, KPJ Healthcare Berhad, Prince Court Medical Center, Raffles Medical Group, Fortis Healthcare, and Samitivej Hospital. These companies launch new products and collaborate with other market leaders to innovate and launch new products to meet the increasing needs and requirements of consumers.
This report mentions various factors that are causative of fast-paced expansion of the Medical Tourism market. This includes a detailed study of the pricing history of the product/service, the value of the product/service, and numerous volume trends. Some principal factors studied in the report include the influence of mounting population on a global level, burgeoning technological advancements, and the dynamics of demand and supply noted in the Medical Tourism market. Additionally, it also studies the impact of various government initiatives and the competitive landscape existing in the Medical Tourism market through the forecast period.
The report includes segmentation of the Medical Tourism market on the basis of different aspects, along with a regional segmentation. Such segmentation has been carried out with the perspective of attaining detailed and accurate insights into the Medical Tourism market. The report studies the regional segments of Latin America, North America, Asia Pacific, Europe, and the Middle East & Africa.
The market research team has analyzed the global Medical Tourism market by adopting Porter’s Five Force Model for the assessment period of 2019-2026. Furthermore, an in-depth SWOT analysis is carried out to enable faster decision making of the reader about the Medical Tourism market.
Table Of Contents – Major Key Points
- Overview and Scope
- Executive Summary
- Medical Tourism Market Insights
- Medical Tourism Market Size and Forecast by Treatment Type, 2018-2026
- Medical Tourism Market Size and Forecast by Region, 2018-2026
- Company Profiles
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