Medical Tourism Market Trends and Growth Research by Treatment Type (Orthopedic/Spine Treatments, Oncology/Cancer Treatments, Cosmetic Treatments, Cardiovascular Treatments, Dental Treatments, Fertility/IVF Treatments, others), by Regions – Global Forecast Till 2023
Medical Tourism Market Overview
The medical tourism market is projected to grow by US$226,762.7 million by 2023 rapidly growing at a CAGR of 21.4% throughout the forecast period 2017 to 2023. The emergence of affordable treatment options as well as growing geriatric population drive the global medical tourism market. These key growth drivers have incredibly helped the medical tourism market and are estimated to boost the growth. Analysts studying the medical tourism market have also shared growth projections in the medical tourism market research report and have suggested medical tourism market-based companies to develop growth strategies. Communication barriers as well as high cost of travelling are the challenges that companies across the medical tourism market could face.
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Competitive Landscape
Key players in the medical tourism market include Bumrungrad International Hospital (Thailand), CHRISTUS MUGUERZA (Mexico), Samitivej PCL (Thailand), Schön-Kliniken (Germany), Gleneagles Global Hospitals Group (India), Prince Court Medical Centre (Malaysia), Anadolu Medical Center (Turkey), Shouldice Hospital (Canada), Bangkok Hospital (Thailand), Fortis Healthcare (India), Clemenceau Medical Center (Lebanon), Asklepios Kliniken Verwaltungsgesellschaft mbH (Germany), and others.
Medical Tourism Market Segmentation
The global medical tourism market has been segmented based on treatment type. On the basis of treatment type, the market for medical tourism is segmented based on cardiovascular treatments, cosmetic treatments, dental treatments, fertility/IVF treatments, oncology/cancer treatments, orthopedic/spine treatments, others.
Factors like quality service and increased spending power of the middle class propel the medical tourism market growth. The medical tourism market performance has also been studied. The medical tourism market report provides analysis of past and current trends. In addition to this, the medical tourism market report offers detailed analysis of treatment type and regional segments. The market segmental analysis provided in the medical tourism market research report offers crucial details about the medical tourism market based on the data and forecasts till 2023.
Medical Tourism Market Regional Overview
The medical tourism market report covers companies functional in the medical tourism market spread across regional markets of North America, Europe, Asia-Pacific (APAC), and the rest of the world. The regional analysis of the medical tourism market can be found in the market research report. The North American medical tourism market has several key players functioning in the United States, Canada, and Mexico. Europe has companies in the medical tourism market across Germany, France, Spain, Italy, and the United Kingdom. The medical tourism market of the Middle East, Africa, and other regions has also been studied by analysts. A detailed analysis of the medical tourism market across India, China, and Japan in the Asia-Pacific region is also available for further study.
Medical Tourism Market Competitive Landscape
The medical tourism market is corroborated by a minimal waiting period. The population growth as well as increasing demand of medical tourism market based solutions also accelerate the market growth. However, the medical tourism market can be affected due to growing communication barriers among people as well as increasing travel expenses. The medical tourism market research report covers all such factors assisting companies in the medical tourism market to improve their plans and portfolio. The medical tourism market research report also provides company profiles of major businesses. The medical tourism market report highlights crucial details about many organizations operating. The details available in the medical tourism market report cover company strategies, revenue, company size, and mergers and acquisitions in the medical tourism market. New entrants as well as established organizations can use the data from the medical tourism market report to further plan their strategies.
Medical Tourism Industry News
Prior to the disease outbreak, Dubai had estimated that some 500,000 tourists will tour the Emirate this year just to make use of its medical tourism facilities. Growing numbers of international travelers are coming to Dubai for medical purposes, and others are considering their travel arrangements after the Emirate’s removal of the disease outbreak entry limits on visitors and tourists. The government of Dubai has put its best effort forward in order to combat the pandemic.
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