This report was recently updated on April 12 2024 with the latest and most recent
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Global Medical Tourism Market Size, Trends & Analysis - Forecasts To 2026 By Treatment Type (Dental Treatment, Cosmetic Treatment, Cardiovascular Treatment, Orthopedic Treatment, Neurological Treatment, Cancer Treatment, Fertility Treatment, Others), By Region (North America, Europe, Asia Pacific and Rest of the World); Vendor Landscape, End User Landscape and Company Market Share Analysis & Competitor Analysis
Medical Tourism Market: Insights
The global medical tourism market is estimated to witness a significant CAGR during the forecast period (2020-2026). The growing healthcare industry, and favorable government regulations for medical treatment across the globe are some of the major factors driving the market growth. Increasing demand for high-quality medical treatment, the latest medical technologies, and high quality of service in developing countries are some of the major factors expected to drive the market during the forecast period. Furthermore, the issue with patient follow-up and post-surgery complications, issues related to visa approval, and ethical concerns are likely to hamper the market growth during the forecast period.
Medical Tourism Market: By Treatment Type
Based on treatment type, the global medical tourism market is segmented into dental treatment, cosmetic treatment, cardiovascular treatment, orthopedic treatment, neurological treatment, cancer treatment, and fertility treatment among others. The cardiovascular treatment segment is expected to grow at the highest CAGR during the forecast period. The growing prevalence of coronary artery diseases and lack of physical activity, sedentary lifestyle and a sub-optimal diet are some of the factors driving the cardiovascular treatment market. Moreover, the availability of high-quality, low-cost cardiac surgery in developed countries is one of the major factors driving the market growth. The cancer treatment segment is expected to hold the largest market share during the forecast period. The rise in the prevalence of cancer across the world and the growing number of cross-border travelers seeking good quality cancer treatment are some of the factors driving the cancer treatment market growth during the forecast period.
Medical Tourism Market: By Region
Based on the region, the market for medical tourism is segmented into North America, Europe, Asia Pacific, Middle East & Africa, and Central & South America. Asia-Pacific is expected to hold the largest market share in terms of revenue during the forecast period. The growing availability of good quality care, a growing number of private hospitals, improvements in overall healthcare infrastructure & quality of personal care and adoption of the latest treatment technologies are some of the factors in the region that are propelling the market growth.
Medical Tourism Market: End Use Landscape
The end-user landscape entails a list of current and prospective consumers prevailing across the regions. This section briefs you about company addresses, contact details, products, and regional presence of companies who are purchasing or are likely to purchase Medical Tourism. The key end-users of the markets are Cleveland Clinic, Mayo clinic, and Singapore General Hospital among others.
Medical Tourism Market: Vendor Landscape
The report contains a chapter dedicated to vendors operating in the market, covering raw material manufactures, equipment developers, manufacturers, and distributors. The report provides these insights on a regional level. This section of the report entails contact details, experience, products manufactured/supplied, and geographical presence of companies.
Medical Tourism Market: Share & Competitor Analysis
Some of the key players operating in the medical tourism market are Apollo Hospitals Enterprise Limited, Fortis Healthcare Limited, Asian Heart Institute, KPJ Healthcare Berhad, NTT Medical Center Tokyo, Seoul National University Hospital, UZ Leuven, Wooridul Spine Hospital, Aditya Birla Memorial Hospital, Barbados Fertility Center, and Prince Court Medical Centre among others.
Check the Press Release on Global Medical Tourism Market Report
Medical Tourism Market: By Treatment Type
Medical Tourism Market: By Region
The desk research involved a robust background study which meant referring to paid and unpaid databases to understand the market dynamics; mapping contracts from press releases; identifying the key players in the market, studying their product portfolio, competition level, annual reports/SEC filings & investor presentations; and learning the demand and supply side analysis for the Medical Tourism Market.
The primary research activity included telephonic conversations with more than 50 tier 1 industry consultants, distributors, and end-use product manufacturers.
Finally, based on the above thorough research process, an in-depth analysis was carried out considering the following aspects: market attractiveness, current & future market trends, market share analysis, SWOT analysis of the companies and customer analytics.
This FREE sample includes market data points, ranging from trend analyses to market estimates & forecasts. See for yourself.
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