Medical Tourism Market is expected to grow at a Compound Annual Growth Rate (CAGR) of +14.58%. The base year considered for the study is 2018 and the forecast period considered is 2018 To 2025.
Medical tourism can be defined as a trip across national borders, with the aim of using some form of medical treatment, which may or may not be in the traveler’s home country. Such treatments may include a variety of medical services; however, the most commonly used services include cancer treatment, orthopedic treatment, neurological treatment, elective surgery, and fertility treatment.In recent years, the medical tourism market has been welcomed due to the provision of medical services in a cost-effective manner. Medical visitors can use a variety of medical services such as neurology, oncology, plastic surgery, dentistry, cosmology and cardiology. Increasing awareness of conventional medicine and advancing technology to achieve better treatment options are increasing the demand for medical care. Because medical costs in Western countries are quite expensive, the incidence of patients travelling to developing countries is rising, and treatment is often cost-effective. Medical tourism is one of the most dynamic and growing industries today.
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Medical tourism, which is considered to be a direct influence of medical globalization, certainly has high growth potential around the world. However, according to an FMI survey, the medical tourism market is expected to be concentrated in most emerging economies around the world. As developing countries are increasingly becoming more and more technologically advanced and quality services in the medical and health care sector, the global medical tourism market is expected to grow steadily in Asia, mainly in 2018-2025. Cancer Therapy, Cardiovascular Surgery, Orthopedic Surgery, Dentistry, Plastic Surgery, Reproductive Therapy, Weight Loss Therapy, Health Checkup and Medical Examination and Examination. In serious cases, considerable patient populations seek expert opinion from outside the country.
Some of the key players in the market include
Asklepios Klinik Barmbek,
Wooridul Spine Hospital,
Prince Court Medical centre,
Anadolu Medical Centre,
Clemenceau Medical centre,
Raffles Medical Group,
Bumrungrad International Hospital,
Bangkok Hospital Medical Center
Asian Heart Institute
KPJ Healthcare Berhad
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Treatment in developed countries is very high. Although the reliability of the treatment is high, the procedure is estimated to be costly. In addition, the price of major medical products is very high. This scenario adds to the cost of medical care worldwide as the cost of litigation increases in recent years. Health care providers must recognize both direct and indirect costs and consider how the implementation of prevention protocols can provide cost savings in the long run. People in developed countries cannot afford the huge costs associated with medical care. Because all medical bills are not covered by the insurance company, the patient will be returned to a foreign country. Asia, the Middle East and South America provide high quality healthcare services at much lower rates than in developed countries. While traveling, there are companies that meet all the medical and non-medical needs of tourists.
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Treatment type Covered:
Other general treatments
Asia-Pacific is expected to grow at the highest CAGR during the forecast period. India, Singapore and Thailand countries attract the majority medical tourists driven by the better quality care available at reasonable prices and within least waiting time. Mexico is the top medical tourism destination and hosts the largest number of medical tourists in the world, especially North and Latin Americans, due to quality treatment with efficient cost. India creates awareness to a large number of medical tourists due to its specialization in the field of cardiac surgeries. The Malaysian management has taken up various proposals to develop the medical service in the country in order to expand the market.
Table of Content
Global Medical Tourism Market Research Report 2018-2025
Chapter 1: Industry Overview of Global Medical Tourism Market
Chapter 2: Technologies Market International and China Market Analysis
Chapter 3: Environment Analysis of Global Medical Tourism Market
Chapter 4: Analysis of Revenue by Classifications
Chapter 5: Analysis of Revenue by Regions and Applications
Chapter 6: Analysis of Technologies Market Revenue Market Status.
Chapter 7: Analysis of Global Medical Tourism Market Industry Key Manufacturers
Chapter 8: Sales Price and Gross Margin Analysis
Chapter 9: Marketing Trader or Distributor Analysis of Medical Tourism Market
Chapter 10: Development Trend of Global Medical Tourism Market Industry 2018-2025
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