The global medical tourism market is rising at a fast pace, driven by governments support across various n. This information has been shared by Fortune Business Insights in its report, titled “Medical Tourism Market Size, Share and Global Trend By Type (Domestic, International), By Treatment (Cosmetology, Dentistry, Cardiology, Orthopaedic surgery, Neurology, Oncology, Other), and Geography Forecast till 2026”. The report highlights the various aspects and advantages of the fledgling global medical tourism market. Medical tourism can be understood as a form of globalisation which involves travel across international borders to avail medical facilities in foreign destinations. Medical tourism or travel has grabbed the interest of governments and medical professionals alike.
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Governments view medical exploratory activities as an opportunity to showcase their unique healthcare services; medical professionals seek newer frontiers to research alternative medicines and treatments for prevailing diseases. For example, homeopathy and Ayurveda in India offer effective alternative remedies to western allopathy. In the end, both parties inject the necessary fuel that will propel growth of the global medical tourism market.
some of the key players in the global medical tourism market:
- Bumrungrad International Hospital
- Mount Elizabeth Hospital
- Bangkok Chain Hospital
- KPJ Healthcare Berhad
- Apollo Hospitals Enterprise Limited
- Fortis Healthcare Limited
- Asian Heart Institute
- Asklepios Kliniken GmbH
For more information in the analysis of this report, visit: https://www.fortunebusinessinsights.com/industry-reports/medical-tourism-market-100681
Access to Low Cost Medication a Primary Driver of Medical Tourism Market
Developed countries such as the U.S. are often criticized for their expensive healthcare delivery systems. For example, in the U.S., a Harvard study showed that medical care is the country is unaffordable owing to inflated prices of drugs, high salaries of doctors, and high cost of hospital administration. Therefore, patients from such countries desperately search for destinations where healthcare is more affordable and accessible. Developing countries such as India and Brazil offer the perfect solution and lay the foundation for the global medical tourism market to flourish. The World Health Organization (WHO) recently declared Brazil as having the best healthcare delivery system in Latin America.
Dynamic Competition Accelerating Growth
Competition among key players to capitalize on the existing opportunities in the rapidly advancing global medical tourism market has grown exponentially. Research and development activities are being funded by private companies to maintain their competitive edge in the market. For example, Clearbridge Health has announced the building of a massive clinic in Hong Kong that will serve as a work floor for visiting medical specialists. In India, the southern state of Kerala is actively promoting health and medical tourism as an integral part of its tourism industry to attract foreign tourists. Such examples are proof that competition in the global medical tourism market is taking place not just between private players, but also in the public sector.
According to the report, some of the major players in the global medical tourism market include Mount Elizabeth Hospital in Singapore, Apollo Hospitals Enterprise Limited and Asian Heart Institute in India, Asklepios Kliniken GmbH in Germany, Bumrungrad International Hospital in Thailand, among others.
Major Table of Content For Medical Tourism Market:
- Executive Summary
- Market Dynamics
- Key Insights
- Global Medical Tourism Market Analysis, Insights and Forecast, 2026
- North America Medical Tourism Market Analysis, Insights and Forecast, 2026
- Europe Medical Tourism Market Analysis, Insights and Forecast, 2026
- Asia Pacific Medical Tourism Market Analysis, Insights and Forecast, 2026
- Middle East and Africa Medical Tourism Market Analysis, Insights and Forecast, 2026
- Latin America Medical Tourism Market Analysis, Insights and Forecast, 2026
- Competitive Landscape
- Company Profile
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