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Medical Tourism Market Size 2019, Share, Upcoming Trends, Segmentation, Country Level Analysis, Current Scenario and Projected to Witness A Rapid Growth By Forecast To 2023

October 7th, 2019 Market Research Future Releases

 Medical Tourism Market Outlook

Medical tourism market is expected to be worthy and is driven by unsustainable healthcare costs in developed economies and advent of technologies. Market Research Future (MRFR) has projected that the global medical tourism market will grow swiftly to touch the mark of USD 226,762.7 million by the end of forecast period (2017-2023). It is also expected to exhibit a CAGR of 21.4% during the period forecast period.

FREE SAMPLE COPY OF Medical Tourism Market Research Report- Global forecast till 2023” @ https://www.marketresearchfuture.com/sample_request/1975

Availability of surgical procedures at low cost in countries with sophisticated healthcare facilities is one of the major aspects prompting the growth of the market. Minimal waiting period, feasible payment options, and quality service are some of demand drivers of the tourism market. Rise in spending capacity and the growing elderly population is stimulating the momentum of the global market.

Moreover, amendment in national medical policies attributed to insurance coverage and infrastructure-based investments in leading service providing nations is expected to propel the medical tourism market.

On the other hand, countries or regions that earlier lacked with the medical facilities are developing their own healthcare infrastructure and facilities for medical service offering. For example, the government-funded expenditure on medical tourism for cardiology dropped by 55% between 2004–2006. This shift in the trend is impacting the growth of the global medical tourism market. The healthcare service providers are focusing on building strategies to counter the restraints of the global medical tourism market. Events that have straight impact on the global economy such as changing currency rates is also one of the key factor that can restrain the flow of the medical tourism.

Medical Tourism Market Segmentation

The global medical tourism market is bifurcated based on treatment type.

On the basis of treatment type, the global medical tourism market is segmented into Cosmetic Treatments, Cardiovascular Treatments, Orthopedic/Spine Treatments, Fertility/IVF Treatments, Oncology/Cancer Treatments, and Dental Treatments.

Medical Tourism Market Regional Analysis

Regionally, the global medical tourism market is dominated by the Asia Pacific owing to its highest share. Availability of high-tech equipment and growing government funding in the region would drive global market growth. One of the regions in South Korea which is most preferred destination for cosmetic related surgeries or procedures.

Europe is expected to establish a medical tourism destination in the coming period owing to the rapid development of facilities in Central and Eastern European region.

The U.S. was also a important location for obtaining medical treatment for international patients, however, complication in getting visas has reduced the count in last some years. P

Latin America is anticipated to show a lucrative growth amid the forecast period. Mexico and Brazil are anticipated to be the prime locations for medical tourism in the region. Companies are investing more in developing hospitals in the region that are in-sync to US standards. Political unstability also happens to be factor behind the decrease in medical travel count.

Medical Tourism Market Analyzed By Top Major Players

As medical tourism becomes a lucrative method to serve patients from across the globe, major players that are mostly the healthcare service providers and hospitals have opened doors with efficient policies for international patients seeking medical treatment. Some of these leading players include Gleneagles Global Hospitals Group, Schön-Kliniken, Clemenceau Medical Center, Anadolu Medical Center, Schön-Kliniken, Asklepios Kliniken Verwaltungsgesellschaft mbH, Samitivej PCL, Bangkok Hospital, Fortis Healthcare, CHRISTUS MUGUERZA, and Prince Court Medical Centre, and Bumrungrad International Hospital.

Medical Tourism  Industry Recent Updates

To flourish in the medical tourism sector, Jordan will host Global Healthcare Travel Forum (GHTF). The forum will be team effort of alliance including Private Hospitals Association (PHA), Arab Hospitals Federation, and Global Healthcare Travel Council. The motive behind the forum is to offer the stakeholders in medical tourism an opportunity to boost and integrate cooperation in the sector. Around 700 representatives from pharmaceuticals companies, insurance, and healthcare travel will join the event.

OBTAIN RESEARCH REPORT DETAILS WITH TOC @ https://www.marketresearchfuture.com/reports/medical-tourism-market-1975

About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by Components, Application, Logistics and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.

Contact:
Market Research Future
Office No. 528, Amanora Chambers
Magarpatta Road, Hadapsar,
Pune – 411028
Maharashtra, India
+1 646 845 9312
Email: sales@marketresearchfuture.com

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