The market is expected to grow at a staggering rate of +14% CAGR during the forecast period 2017 to 2025. The industry registered a revenue estimation of US$46.46 bn in 2016, which is likely to expand and go up to an estimated value of US$160.8 bn by the end of 2025.
Medical tourism refers to people traveling to a country other than their own to obtain medical treatment. In the past, this usually referred to those who traveled from less-developed countries to major medical centers in highly developed countries for treatment unavailable at home. However, in recent years it may equally refer to those from developed countries who travel to developing countries for lower-priced medical treatments. The motivation may be also for medical services unavailable or non-licensed in the home country.
Reports present an in-depth assessment of the Medical Tourism Market including enabling technologies, key trends, market drivers, challenges, standardization, regulatory landscape, opportunities, future roadmap, value chain, ecosystem player profiles, and strategies. The report also presents forecasts for Market investments from 2019 till 2025.
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Top key players:-
Apollo Hospitals Enterprise Limited, Fortis Healthcare Ltd., Aditya Birla Memorial Hospital, Barbados Fertility Centre, NTT Medical Center Tokyo, Seoul National University Hospital, KPJ Healthcare Berhad, UZ Leuven (University Hospitals Leuven), Infectious Diseases Partners Pte. Ltd., Prince Court Medical Centre, Samitivej Public Company Limited
The market is challenged by a few factors which include having to travel in a poor health condition. Moreover, language barriers in a foreign country can cause communication issues between doctors and their patients. However, due to the increasing anticipation of medical tourists in emerging economies services are improving and this is expected to drive growth further by opening the market up to opportunities.
In terms of geography, the global medical tourism market is expected to be held by the Asia Pacific region during the forecast period. The growth in this region can be accounted to expensive treatments in the U.S and European countries. Alternatively, Latin America and Middle East & Africa are expected to grow significantly during the forecast period. On the basis of treatment, global medical tourism is segmented into cosmetology, dentistry, cardiology, orthopedic surgery, neurology, and oncology. Among all these, the orthopedic surgery segment is predicted to register the highest growth in the global medical tourism market in the upcoming years.
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This comprehensive report will provide:
- Enhance your strategic decision making
- Assist with your research, presentations and business plans
- The show which emerging market opportunities to focus on
- Increase your industry knowledge
- Keep you up-to-date with crucial market developments
- Allow you to develop informed growth strategies
- Build your technical insight
- Illustrate trends to exploit
- Strengthen your analysis of competitors
- Provide risk analysis, helping you avoid the pitfalls other companies could make
- Ultimately, it help you to maximize profitability for your company.
Collectively, this research report offers complete and accurate guidelines for shaping the future of businesses. Likewise, this analytical study helps to make well-informed business decisions. Different leading companies have been profiled to get up-to-date data from successful companies.
Industry outlook has been provided by illustrating some significant strategies adopted by them. The global Medical Tourism market has been analyzed through industry analysis techniques such as SWOT and Porter’s five-technique. The notable feature of this research report is, it offers proper insights into the businesses by explaining drivers, restraints, and opportunities in front of the businesses.