Medical tourism refers to people traveling abroad to obtain medical treatment. Factors such as high cost of healthcare and long waiting time for certain procedures have increased the popularity of medical tourism.
Domestic medical tourism involves people travelling between different cities of the same country for surgical processes or similar treatments related to cosmetology or others. Although, people are also prefer dental and fertility tourism these days. Apart from common treatments, medical tourism services are available in all the fields of healthcare such as psychiatry, convalescent care, burial services, and alternative medicines.
Market Dynamics
The increasing prevalence of neurological disorders is expected to drive growth of the global medical tourism market over the forecast period. For instance, according to the Institute for Health Metrics and Evaluation (IHME) 2019, neurological disorders were the leading cause of DALYs (276 million) and second leading cause of deaths (9.0 million) globally in 2016.
However, stringent documentation process such as issues related to visa approval and limited insurance coverage are factors restraining the medical tourism market growth.
Key features of the study:
- This report provides in-depth analysis of the global medical tourism market, market size (US$ Mn), and compound annual growth rate (CAGR (%) for the forecast period, 2019-2027, considering 2018 as the base year
- It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix for this market
- This study provides key insights about market drivers, restraints, opportunities, new product launches or approvals, market trends, regional outlook, and competitive strategies adopted by leading players
- It profiles key players in the global medical tourism market based on the following parameters: company overview, financial performance, product portfolio, geographical presence, key developments, and strategies
- Key players covered as a part of this study include Asian Heart Association, Apollo Hospitals Enterprise Ltd., Prince Court Medical Centre, Gleneagles Hospitals, Min-Sheng General Hospital, Raffles Medical Group, Bangkok Hospital, Fortis Healthcare Ltd., Anadolu Medical Centre and Wooridul Spine Hospital.
- Insights from this report would allow marketers and management authorities of companies to make informed decisions with respect to future product launches, governmental initiatives, technological up-gradation, market expansion, and marketing tactics
- The global medical tourism market report caters to various stakeholders in this industry, which include investors, product manufacturers, distributors, and suppliers for global medical tourism market, research and consulting firms, new entrants, and financial analysts
Detailed Segmentation:
- Global Medical Tourism Market, by Treatment Type:
- Cardiovascular
- Orthopedic
- Neurological
- Cancer
- Fertility
- Others
- Global Medical Tourism Market, by Region:
- North America
- By Country:
- By Treatment Type:
- Cardiovascular
- Orthopedic
- Neurological
- Cancer
- Fertility
- Others
- Europe
- By Country:
- U.K.
- Germany
- Italy
- Spain
- France
- Russia
- Rest of Europe
- By Treatment Type:
- Cardiovascular
- Orthopedic
- Neurological
- Cancer
- Fertility
- Others
- Asia Pacific
- By Country:
- Australia
- India
- China
- Japan
- ASEAN
- South Korea
- Rest of Asia Pacific
- By Treatment Type:
- Cardiovascular
- Orthopedic
- Neurological
- Cancer
- Fertility
- Others
- Latin America
- By Country:
- Brazil
- Mexico
- Argentina
- Rest of Latin America
- By Treatment Type:
- Cardiovascular
- Orthopedic
- Neurological
- Cancer
- Fertility
- Others
- Middle East
- By Country:
- GCC
- Israel
- Rest of Middle East
- By Treatment Type:
- Cardiovascular
- Orthopedic
- Neurological
- Cancer
- Fertility
- Others
- Africa
- By Country/Region:
- South Africa
- Central Africa
- North Africa
- By Treatment Type:
- Cardiovascular
- Orthopedic
- Neurological
- Cancer
- Fertility
- Others
- Company Profiles
- Asian Heart Association
- Company Overview
- Product Portfolio
- Financial Performance
- Recent Highlights
- Strategies
- Apollo Hospitals Enterprise Ltd.
- Prince Court Medical Centre
- Gleneagles Hospitals
- Min-Sheng General Hospital
- Raffles Medical Group
- Bangkok Hospital
- Fortis Healthcare Ltd.
- Anadolu Medical Centre
- Wooridul Spine Hospital
“*” marked represents similar segmentation in other categories in the respective section.