Medical Tourism Market research report provides an in-depth analysis of the market size, share, growth rate, drivers, restraints, challenges, threats, and growth opportunities in existing and potential markets. According to the report, the global medical tourism market is estimated to be over US$ ~15.0 Billion in 2018. It is anticipated to grow at a CAGR of ~23.0% from 2019 to 2030.
Rising healthcare costs in developed countries are forcing people to seek medical care in countries providing quality healthcare services at affordable costs. The significant growth of the medical tourism market can be attributed to the affordability and accessibility of good healthcare services in other countries. According to the Centers for Disease Control and Prevention, thousands of U.S. residents travel abroad for medical care each year.
Major Key Players of the Medical Tourism Market are:
Fortis Healthcare, Apollo International, Asian Heart Institute, Samitivej PCL., SEOUL NATIONAL UNIVERSITY HOSPITAL, Barbados Fertility Center, Prince Court Medical Centre, UZ Leuvan, Wooridul Spine Hospital, and ADITYA BIRLA HEALTH SERVICES LTD, among others.
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Medical tourism involves patients traveling to another country to avail medical care at a lower cost with quality care. Other factors influencing medical tourism include the lower price of treatment as compared to the home country, technological advancement, lesser stringent regulation, and immediate availability of medical procedures. Hospitals that facilitate medical tourism provides services from basic consultation to full-service treatment. Most of the medical tourism facilitators provide non-medical facilities such as visas, travel, lodging, and tourism making it a more convenient stay for the patient and their family. In 2018, Malaysia’s Sunway Medical Centre has been awarded Medical Tourism Hospital of the year along with Bumrungrad International hospital in APAC. It is also recognized for the oncology & neurology service for the same year.
The Medical Tourism Market is segmented on the basis of product Type, and region.
Major Types of Medical Tourism Market covered are:
- Cosmetic Treatment
- Cardiovascular Treatment
- Orthopedic Treatment
- Bariatric Treatment
- Neurological Treatment
- Fertility Treatment
However, factors which may hinder market growth include language and culture barrier and risk of blood clots after surgery due to flying. Prior preparations are required when having surgery in a country where English is not a primary language. Also, physicians and surgeons are concerned about the quality of care provided. Local doctors are hesitant to take follow-up care of the patient who has received care outside the country. Moreover, outbreaks of infectious diseases among medical tourists that underwent surgery are restraining the medical tourism market.
Research objectives:-
– To study and analyze the global Medical Tourism consumption (value & volume) by key regions/countries, product type and application, history data.
– To understand the structure of the Medical Tourism market by identifying its various sub-segments.
– Focuses on the key global Medical Tourism manufacturers, to define, describe and analyze the sales volume, value, market share, market competitive landscape, SWOT analysis, and development plans in the next few years.
– To analyze the Medical Tourism with respect to individual growth trends, future prospects, and their contribution to the total market.
– To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
Table of Content
- INTRODUCTION
- Market Definition
- Market Ecosystem
- Currency Used
- RESEARCH METHODOLOGY
- Research Framework
- Data Collection Technique
- Data Sources
- Market Estimation Methodology
- Data Validation and Triangulation
- ABSTRACT OF THE STUDY
- MARKET DYNAMICS ASSESSMENT
- Overview
- Drivers
- Barriers/Challenges
- Opportunities
- UNIQUE SELLING PROPOSITIONS (USPs)
- Key Medical Tourism Hospitals
- GLOBAL MEDICAL TOURISM MARKET – ANALYSIS & FORECAST, BY TREATMENT TYPE
- Cosmetic Treatment
- Cardiovascular Treatment
- Orthopedic Treatment
- Bariatric Treatment
- Neurological Treatment
- Fertility Treatment
- Other Treatments
- GLOBAL MEDICAL TOURISM MARKET – ANALYSIS & FORECAST, BY REGION
- North America Medical Tourism Market
- Europe Medical Tourism Market
- Asia Pacific Medical Tourism Market
- Rest of the World (ROW) Medical Tourism Market
- COMPETITIVE LANDSCAPE
- Key Players & Their Competitive Positioning (2018)
- Key Strategies Assessment
- COMPANY PROFILES (Business Overview, Products Offered, Financial Performance*, Recent Developments)
- Fortis Healthcare
- Apollo International
- Asian Heart Institute
- Samitivej PCL.
- SEOUL NATIONAL UNIVERSITY HOSPITAL
- Barbados Fertility Center
- Prince Court Medical Centre
- UZ Leuven
- Wooridul Spine Hospital
- ADITYA BIRLA HEALTH SERVICES LTD.
*Financial details might not be captured in case of privately-held companies or for companies that do not report this information in public domain
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