Global Medical Tourism Market Comprehensive Insights and Growth Potential In The Future
A comprehensive analysis of the Medical Tourism Market including market sizing, market share by competitor, market share by distribution channel, drivers, restraints, product pricing trends, industry quotations, company profiles and market forecasts to 2024 for global market.
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About Medical Tourism Industry
The medical tourism market is anticipated to reach over USD 31.21 billion by 2026 according to a new research published by Polaris Market Research. In 2017, the orthopedic treatment dominated the global medical tourism market, in terms of revenue. Asia-Pacific is expected to be the leading contributor to the global market revenue in 2017.
There has been a great demand for medical tourism in the years. Hence, attracting the international customers has been a great challenge for the companies to attract the medical travelers. These companies have potential strategies that help in creating number awareness in the target audience. This strategy has helped successfully building the brands and has influenced the market growth in the recent past. Furthermore, the patients travelling for medical to the developing countries due to affordability, better and higher level of quality of healthcare to also boost the medical tourism market in the coming years.
Considering, the cost factor for the healthcare in the U.S. continues to rise. According to the Visa and Oxford Economics, the figure of will grow up to 25% in coming years. Also, this increase would cover various treatment range like orthopedic surgeries, dental work, and cosmetic surgery. However, issues with the patient follow-up and post surgical complications, and different standards for the treatment in various countries would impede the medical tourism market growth.
Asia-Pacific generated the highest revenue in the medical tourism market in 2017, and is expected to be the leading region globally during the forecast period. Increasing demand, accessibility of healthcare facilities, increasing number of medical facilities for international patients are the primary factors driving the market growth in this region. Additionally, decreased cost of various treatment procedures in the countries across Asia Pacific to also boost the market growth in coming years. Moreover, India is considered to be the leading market followed by Brazil in the medical tourism market during the forecast period. In addition to this, Turkey is considered to be strong contender in the market, owning to zero waiting time for the treatment with a quality healthcare facility.
The key players operating in the medical tourism market include Bumrungrad International hospital, Apollo Hospitals Enterprise Limited, KPJ Healthcare Berhad, Prince Court Medical Center, Raffles Medical Group, Fortis Healthcare, and Samitivej Hospital. These companies launch new products and collaborate with other market leaders to innovate and launch new products to meet the increasing needs and requirements of consumers.
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List of Tables Included in Medical Tourism Market Report:
Table of Contents
1. Overview and Scope
1.1. Research goal & scope
1.2. Research assumptions
1.3. Research Methodology
1.3.1. Primary data sources
1.3.2. Secondary data sources
1.4. Key take-away
2. Executive Summary
2.1. Market Definition
2.2. Market Segmentation
3. Medical Tourism Market Insights
3.1. Medical Tourism – Industry snapshot
3.2. Medical Tourism – Ecosystem analysis
3.3. Medical Tourism Market Dynamics
3.3.1. Medical Tourism – Market Forces
184.108.40.206. Medical Tourism Market Driver Analysis
220.127.116.11. Medical Tourism Market Restraint/Challenges analysis
18.104.22.168. Medical Tourism Market Opportunity Analysis
3.4. Industry analysis – Porter’s five force
3.4.1. Bargaining power of supplier
3.4.2. Bargaining power of buyer
3.4.3. Threat of substitute
3.4.4. Threat of new entrant
3.4.5. Degree of competition
3.5. Medical Tourism Market PEST Analysis, 2016
3.6. Medical Tourism Market Value Chain Analysis
3.7. Medical Tourism Industry Trends
3.8. Competitive Ranking Analysis
4. Medical Tourism Market Size and Forecast by Treatment Type, 2018-2026
4.1. Key Findings
4.2. Orthopedic Treatment
4.3. Cardiovascular Treatment
4.4. Neurological Treatment
4.5. Cosmetic Treatment
4.6. Dentistry Treatment
4.7. Other Treatments
5. Medical Tourism Market Size and Forecast by Region, 2018-2026
5.1. Key Findings
5.2. North America
5.3.5. Rest of Europe
5.4.4. Rest of Asia-Pacific
5.5. Latin America
5.6. Middle East & Africa
6. Company Profiles
6.1. Bumrungrad International hospital
6.1.3. Product Benchmarking
6.1.4. Recent Developments
6.2. Apollo Hospitals Enterprise Limited
6.2.3. Product Benchmarking
6.2.4. Recent Developments
6.3. KPJ Healthcare Berhad.
6.3.3. Product Benchmarking
6.3.4. Recent Developments
6.4. Prince Court Medical Center
6.4.3. Product Benchmarking
6.4.4. Recent Developments
6.5. Raffles Medical Group
6.5.3. Product Benchmarking
6.5.4. Recent Developments
6.6. Fortis Healthcare
6.6.3. Product Benchmarking
6.6.4. Recent Developments
6.7. Samitivej Hospital
6.7.3. Product Benchmarking
6.7.4. Recent Developments
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This research report consists of the world’s crucial region market share, size (volume), trends including the product profit, price, Value, production, capacity, capability utilization, supply, and demand and industry growth rate.
Important application areas of Medical Tourism are also assessed on the basis of their performance. Market predictions along with the statistical nuances presented in the report render an insightful view of the Medical Tourism market. The market study on Global Medical Tourism Market 2018 report studies present as well as future aspects of the Medical Tourism Market primarily based upon factors on which the companies participate in the market growth, key trends and segmentation analysis.
Geographically this report covers all the major manufacturers from India, China, USA, UK, and Japan. The present, past and forecast overview of Medical Tourism market is represented in this report.
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Key market insights include:
1. The analysis of Medical Tourism market provides market size and growth rate for the forecast period 2019-2024.
2. It offers comprehensive insights into current industry trends, trend forecast, and growth drivers about the Medical Tourism market.
3. The report provides the latest analysis of market share, growth drivers, challenges, and investment opportunities.
4. It offers a complete overview of market segments and the regional outlook of Medical Tourism market.
5. The report offers a detailed overview of the vendor landscape, competitive analysis, and key market strategies to gain competitive advantage.
In this study, the years considered to estimate the market size of Medical Tourism Market are as follows:-
- History Year: 2013-2017
- Base Year: 2018
- Estimated Year: 2019
- Forecast Year 2019 to 2024
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No Of Pages in Medical Tourism Market Report: 110
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