Market Scenario of the Global Medical Tourism Market:
The global medical tourism market is expected to grow at a CAGR of ~21.4% during the forecast period and is estimated to reach USD 226,762.7 million by 2023. The global medical tourism market has been growing rapidly and expected to reach at a high growth figure over the review period owing to availability of lots of opportunities. Availability of cost-effective treatments, quality service and less waiting period, rising geriatric population, and increasing prevalence of diseases boost the growth of the market. Furthermore, quality of the treatment and increasing level of living standard have fueled the market growth. However, communication or language barriers and complications due to traveling before and after surgery may restrain the market growth. The major challenge to the market is to control the illegal practices such as organ trafficking.
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Some of the larger vendors operating in the market are Fortis Healthcare, Asklepios Kliniken Verwaltungsgesellschaft mbH, Prince Court Medical Centre, Gleneagles Global Hospitals Group, CHRISTUS Muguerza (Mexico), Samitivej PCL, Anadolu Medical Center and others.
The global medical tourism market consists of four regions: the Americas, Europe, Asia Pacific, and the Middle East & Africa.
The Asia Pacific dominates the market, particularly, India due to rising developing healthcare infrastructure, increasing government support, and presence cost-effective treatments. Additionally, continuous innovation in the treatment methods and the presence of the leading players contribute to the market growth.
America holds the second position in the market due to availability of the innovative healthcare solutions for diagnostics and treatment, and government support.
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European market is growing steadily because people from Europe are traveling to America and Asia Pacific region to seek cost-effective treatments. The courtiers such as Poland, Belgium, Hungary, and Czech Republic are adding fuel to the market growth in this region, and Germany is attracting more number of foreign patients.
The Middle East & Africa is expected witness limited growth due to limited access to the healthcare resources and lack of advanced treatment methods.
Segments of Medical tourism market:
Medical tourism market has been segmented on the basis of treatment types, which comprises of orthopedic/spine treatments, oncology/cancer treatments, cosmetic treatments, cardiovascular/cardiology treatments, dental treatments, neurology/neurosurgery treatments, fertility/IVF treatments, and others.
Taste the market data and market information presented through more than 49 market data tables and figures spread over 71 pages of the project report. Avail the in-depth table of content TOC & market synopsis on “medical tourism market research report–Global forecast till 2023.”
Major TOC of Medical Tourism Market Research Report – Global Forecast till 2023:
2 Research Methodology
3 Market Dynamics
4 Market Factor Analysis
5 Global Medical tourism Market, by Treatment$
6 Global Medical tourism Market, by Regions
7 Company Landscape
8 Company Profile
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