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Medical Tourism Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025

Medical Tourism Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025

  • April 2020
  • 108 pages
  • ID: 5889816
  • Format: PDF
  • IMARC Group

Summary

Table of Contents

The global medical tourism market is currently experiencing strong growth.

Medical tourism refers to organized travel across countries to receive medical treatment. It usually involves traveling abroad for maintenance, enhancement or restoration of health through advanced healthcare facilities and treatment methods. The services are often availed for elective surgeries and the treatment of various dental, cosmetic, cardiovascular, orthopaedic and neurological diseases, along with other critical ailments, such as cancer. They also enable the patients to receive high-quality treatment and other healthcare facilities at affordable costs.

The thriving medical industry across the globe is one of the key factors driving the growth of the market. Patients are increasingly adopting medical migration, owing to high treatment expenditures for chronic ailments in several developed nations. Furthermore, the availability of state-of-the-art medical facilities at affordable costs in various developing countries is attracting patients from all over the world. Healthcare centers are focusing on providing improved healthcare, innovative medicines, modern devices and personalized care to patients, thereby providing a boost to the market. Additionally, healthcare organizations and centers are also offering comprehensive medical tourism packages to patients, which include all travel-related services ranging from ticket booking to accommodation and medical insurance. Moreover, growing consumer awareness regarding the availability of advanced medical facilities is another factor favoring the market growth. Other factors, including the implementation of favourable government policies promoting the growth of the medical infrastructure and extensive research and development (R&D) activities, are projected to drive the market further. Looking forward, the analyst expects the market to exhibit a CAGR of around 8% during 2020-2025.

Breakup by Treatment Type:
Cosmetic Treatment
Dental Treatment
Cardiovascular Treatment
Orthopaedic Treatment
Bariatric Surgery
Fertility Treatment
Ophthalmic Treatment
Others

Breakup by Type:
Domestic
International

Breakup by End-User:
Diagnostics
Research Laboratories
Point of Care Testing
Others

Breakup by Region:
North America
United States
Canada
Asia Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa

Competitive Landscape:
The competitive landscape of the industry has also been examined with some of the key players being Aditya Birla Memorial Hospital, Apollo Hospitals Enterprise Limited, Asian Heart Institute, Barbados Fertility Center, BB Health Solutions., Fortis Healthcare, Healthbase, KPJ Healthcare Berhad, Prince Court Medical Centre, Samitivej, Seoul National University Hospital, UZ Leuven, etc.

Key Questions Answered in This Report:
How has the global medical tourism market performed so far and how will it perform in the coming years?
What are the key regional markets?
What is the breakup of the market based on the treatment type?
What is the breakup of the market based on the type?
What is the breakup of the market based on the end-user?
What are the various stages in the value chain of the industry?
What are the key driving factors and challenges in the industry?
What is the structure of the global medical tourism market and who are the key players?
What is the degree of competition in the industry?

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