Medical Tourism Market: Global Market Estimation, Dynamics, Trends, Competitor Analysis 2015-2020 and Forecast 2021-2027

$ PRICE - $ 3,000.00$ 8,900.00

Global Medical Tourism Market: By Treatment (Dental Treatment, Cosmetic Treatment, Cardiovascular Treatment, Orthopedic Treatment, Neurological Treatment, Cancer Treatment, Fertility Treatment, and Others), and Geography

 

$ PRICE - $ 3,000.00$ 8,900.00
Clear selection
Clear
$ PRICE - $ 3,000.00$ 8,900.00
FacebookTwitterLinkedinEmail

Report

Description

The global Medical Tourism Market size was valued at USD 44.9 billion in 2020 and is expected to grow at a compound annual growth rate CAGR of 21.2% from 2021 to 2027. Medical tourism is one of the world’s fastest-growing industries. People go to other countries for medical treatment and to be treated for health issues. Additionally, during the forecast period, greater awareness of sophisticated medical facilities is likely to be the most important driver driving the growth of the medical tourism market. In the medical and healthcare fields, developing countries are increasingly focused on technical advancements and high-quality services. cosmetic surgery operations are deemed elective, they are not covered by health insurance. Because cosmetic surgery is not covered by most health insurance policies and must be paid for out of cash, cheaper costs in other countries appeal to international patients. They save money by travelling to places and taking advantage of lower-cost therapy while enjoying leisure activities in the destination country. The availability of lower-cost treatment choices combined with higher-quality care is the key reason for the growing popularity of offshore medical tourism. Patients can save anywhere from 30% to 80% on their entire treatment expenditures. The key reason for lower treatment costs in medical tourism locations is the low cost and simple availability of manpower. Patients’ urgent medical needs prompt them to look for medical tourism destinations as a viable alternative. Advances in hospital administration have resulted in beneficial developments in the medical tourism industry. Hospitals are luring medical tourists by offering lavish accommodations and comfortable treatment alternatives. Following treatment, patients can take use of tourism amenities. Moreover, higher costs of treatments, longer time of waiting for medical procedures, availability of the improved medical technologies, increasing compliance on international quality standards, high quality of service, health insurance acceptance, low costs offered by the medical tourism, increase in awareness regarding the medical tourism due to marketing and advertisements are the major factors that are driving the growth of the global medical tourism market over the forecast timeframe.

 


Medical Tourism Market

MARKET SUMMARY
-
21.2%
  • Study Period– 2021-2027
  • Base Year– 2020
  • CAGR– 21.2%
  • Largest Market– Asia-Pacific
  • Fastest Growing Market– Asia-Pacific

Medical Tourism Market

  • The report on global medical tourism market gives historical, current, and future market sizes (US$ Bn) on the basis of treatment type and region.
  • This report studies global medical tourism market dynamics elaborately to indentify the current trends & drivers, future opportunities and possible challenges to the key stakeholders operating in the market.
  • In addition, global medical tourism market report includes human demographics; regulatory scenario, and competition analysis with vividly illustrated the competition dashboard to assess the market competition.
  • Moreover, PBI analyzed global medical tourism market to better equip clients with possible investment opportunities across the regions (regional Investment Hot-Spots) and market unmet needs (Product Opportunities).
  • Key stakeholders of the global medical tourism’ market report include suppliers, manufacturers, marketers, policy makers, and healthcare service providers engaged in global medical tourism products.
Market Key Players
  • Asklepios Kliniken GmbH
  • Apollo Hospitals Enterprise Limited
  • Cosmedic Travel
  • BB Health Solutions
  • Fortis Healthcare Limited
  • NTT Medical Center Tokyo
  • Seoul National University Hospital.
  • Prince Court Medical Centre
  • Min-Sheng General Hospital
  • Bumrungrad International Hospital
Growth

Medical Tourism Market

Increase in Cost of treatment of various diseases is a key factor drive the global medical tourism market. There are many diseases which requires a specialized and sophisticated treatment, the cost of treatment will be higher for such diseases, and longer time of waiting will be there to go through such medical procedures. Moreover, development of advanced healthcare systems, availability of the improved medical technologies, increasing compliance on international quality standards, high quality of service, health insurance acceptance, raise in funding for the R&D activities by public and private sectors are anticipated to propel the global medical tourism market over the forecast years.


Asia-Pacific Got Significant Share

Medical Tourism Market

Global medical tourism market report gives comprehensive outlook on medical tourism across the globe with special emphasis on key regions such as North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. Asia Pacific accounted for larger revenue share in global medical tourism market with significant CAGR. Increase in prevalence of cancer and other life threatening diseases, rise in R&D activities, increased interest on the medical tourism, considerably low treatment costs, high quality standard treatment, are anticipated to propel the market. Thailand market is estimated to contribute more to the Asian market and expected to grow at CAGR during forecast period.

Latin America
Latin-America
North-America
North-America
Europe
Europe
Asia Pacific
Asia-Pacific
Middle East
Middle East

Key

Key Features of the Report

  • The report provides granular level information about the market size, regional market share, historic market (2015 to 2020) and forecast (2021 to 2027)
  • The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and their key strategies
  • The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
  • The report tracks recent innovations, key developments and startup’s details that are actively working in the market
  • The report provides plethora of information about market entry strategies, regulatory framework and reimbursement scenario
  • The report analyses the impact of socio-political environment through PESTLE Analysis and competition through Porter’s Five Force Analysis in addition to recent technology advancements and innovations in the market

Key

Key Findings of the Report

Medical Tourism Market Segmentation


Location

GEOGRAPHY


Report

Table Of Content

  1. Executive Summary
  2. Global Medical Tourism Market Introduction
    • Global Medical Tourism Market – Taxonomy
    • Global Medical Tourism Market –Definitions
      • Treatment Type
      • Region
  1. Global Medical Tourism Market Dynamics
    • Drivers
    • Restraints
    • Opportunities/Unmet Needs of the Market
    • Trends
    • Global Medical Tourism Market Dynamic Factors – Impact Analysis
    • Global Medical Tourism Market – Competition Landscape
  2. Global Medical Tourism Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025
    • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
    • Year-over-Year (Y-o-Y) Growth Analysis (%)
    • Market Opportunity Analysis
  3. Global Medical Tourism Market, By Treatment Type, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
    • Dental Treatment
      • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Cosmetic Treatment
      • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Cardiovascular Treatment
      • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Orthopedic Treatment
      • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Cancer Treatment
      • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Neurological Treatment
      • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Fertility Treatment
      • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Others
      • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
  1. Global Medical Tourism Market Forecast, By Region, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
    • North America
      • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Europe
      • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Asia-Pacific
      • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Latin America
      • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Middle East and Africa
      • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Global Medical Tourism Market – Opportunity Analysis Index, By Type, Source, End User, and Region, 2019 – 2025
  2. North America Medical Tourism Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
    • Treatment Type Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
      • Dental Treatment
      • Cosmetic Treatment
      • Cardiovascular Treatment
      • Orthopedic Treatment
      • Neurological Treatment
      • Cancer Treatment
      • Fertility Treatment
      • Other Treatments
    • Country Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
      • US
      • Canada
    • North America Medical Tourism Market – Opportunity Analysis Index, By Treatment Type, and Country, 2019 – 2025
    • North America Medical Tourism Market Dynamics – Trends
  3. Europe Medical Tourism Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
    • Treatment Type Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
      • Dental Treatment
      • Cosmetic Treatment
      • Cardiovascular Treatment
      • Orthopedic Treatment
      • Neurological Treatment
      • Cancer Treatment
      • Fertility Treatment
      • Other Treatments
    • Country Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
      • Germany
      • UK
      • France
      • Spain
      • Italy
      • Russia
      • Poland
      • Rest of Europe
    • Europe Medical Tourism Market – Opportunity Analysis Index, By Treatment Type, and Country, 2019 – 2025
    • Europe Medical Tourism Market Dynamics – Trends
  4. Asia-Pacific Medical Tourism Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
    • Treatment Type Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
      • Dental Treatment
      • Cosmetic Treatment
      • Cardiovascular Treatment
      • Orthopedic Treatment
      • Neurological Treatment
      • Cancer Treatment
      • Fertility Treatment
      • Other Treatments
    • Country Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
      • Japan
      • China
      • India
      • ASEAN
      • Australia & New Zealand
      • Rest of Asia-Pacific
    • Asia-Pacific Medical Tourism Market – Opportunity Analysis Index, By Treatment Type, and Country, 2019 – 2025
    • Asia-Pacific Medical Tourism Market Dynamics – Trends
  5. Latin America Medical Tourism Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
    • Treatment Type Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
      • Dental Treatment
      • Cosmetic Treatment
      • Cardiovascular Treatment
      • Orthopedic Treatment
      • Neurological Treatment
      • Cancer Treatment
      • Fertility Treatment
      • Other Treatments
    • Country Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
      • Brazil
      • Mexico
      • Argentina
      • Venezuela
      • Rest of Latin America
    • Latin America Medical Tourism Market – Opportunity Analysis Index, By Treatment Type, and Country, 2019 – 2025
    • Latin America Medical Tourism Market Dynamics – Trends
  6. Middle East and Africa Medical Tourism Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
    • Treatment Type Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
      • Dental Treatment
      • Cosmetic Treatment
      • Cardiovascular Treatment
      • Orthopedic Treatment
      • Neurological Treatment
      • Cancer Treatment
      • Fertility Treatment
      • Other Treatments
    • Country Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
      • Gulf Cooperation Council (GCC) Countries
      • Israel
      • South Africa
      • Rest of MEA
    • MEA Medical Tourism Market – Opportunity Analysis Index, By Treatment Type, and Country, 2019 – 2025
    • MEA Medical Tourism Market Dynamics – Trends
  7. Competition Landscape
    • Strategic Dashboard of Top Market Players
    • Company Profiles (Introduction, Financial Analysis, Source & Service Offerings, Key Developments, Strategies, and SWOT Analysis)
      • Asklepios Kliniken GmbH (Germany),
      • Apollo Hospitals Enterprise Limited (India),
      • Cosmedic Travel (Australia)
      • BB Health Solutions (UK)
      • Fortis Healthcare Limited (India)
      • NTT Medical Center Tokyo (Japan)
      • Seoul National University Hospital. (South Korea)
      • Prince Court Medical Centre (Malaysia)
      • Min-Sheng General Hospital (Taiwan)
      • Bumrungrad International Hospital (Thailand)
  1. Research Methodology
  2. Key Assumptions and Acronyms

Report

Company Profile

  • Asklepios Kliniken GmbH
  • Apollo Hospitals Enterprise Limited
  • Cosmedic Travel
  • BB Health Solutions
  • Fortis Healthcare Limited
  • NTT Medical Center Tokyo
  • Seoul National University Hospital.
  • Prince Court Medical Centre
  • Min-Sheng General Hospital
  • Bumrungrad International Hospital

Description

The global Medical Tourism Market size was valued at USD 44.9 billion in 2020 and is expected to grow at a compound annual growth rate CAGR of 21.2% from 2021 to 2027. Medical tourism is one of the world’s fastest-growing industries. People go to other countries for medical treatment and to be treated for health issues. Additionally, during the forecast period, greater awareness of sophisticated medical facilities is likely to be the most important driver driving the growth of the medical tourism market. In the medical and healthcare fields, developing countries are increasingly focused on technical advancements and high-quality services. cosmetic surgery operations are deemed elective, they are not covered by health insurance. Because cosmetic surgery is not covered by most health insurance policies and must be paid for out of cash, cheaper costs in other countries appeal to international patients. They save money by travelling to places and taking advantage of lower-cost therapy while enjoying leisure activities in the destination country. The availability of lower-cost treatment choices combined with higher-quality care is the key reason for the growing popularity of offshore medical tourism. Patients can save anywhere from 30% to 80% on their entire treatment expenditures. The key reason for lower treatment costs in medical tourism locations is the low cost and simple availability of manpower. Patients’ urgent medical needs prompt them to look for medical tourism destinations as a viable alternative. Advances in hospital administration have resulted in beneficial developments in the medical tourism industry. Hospitals are luring medical tourists by offering lavish accommodations and comfortable treatment alternatives. Following treatment, patients can take use of tourism amenities. Moreover, higher costs of treatments, longer time of waiting for medical procedures, availability of the improved medical technologies, increasing compliance on international quality standards, high quality of service, health insurance acceptance, low costs offered by the medical tourism, increase in awareness regarding the medical tourism due to marketing and advertisements are the major factors that are driving the growth of the global medical tourism market over the forecast timeframe.

 

ASIA PACIFIC OFFICE

Precision Business Insights, 5th Floor, Mohan’s Elite, Opp : Bharat Petroleum Pump, Khanamet Road, Hitech City, Hyderabad – 500084

EUROPE OFFICE

Precision Business Insights, Kemp House, 152 – 160 City Road, London EC1V 2NX