“Medical Tourism Market” Research Report | Size, Share, Segmentation, Industry Statistics and Current Trends | at a CAGR of 21.4% During 2017-2023 | Exclusively Available at MarketResearchFuture.com

Market Research Future (MRFR)
This study covers the market dynamics and trends in major countries that are expected to influence the current market scenario and future status of the Global Medical Tourism Market over the forecast period. 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.

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Market Highlights:

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.

Medical tourism is a rising trend in global healthcare sector which often defined as the activities to improve the well-being of medical traveler or medical tourist. These activities may involve medical check-ups, various treatments, surgeries, and other wellness practices that require skilled medical interventions. The global medical tourism market is growing at a steady pace and it is expected to grow at a CAGR of 21.4% during the forecasted period 2017-2023. Availability of cost-effective treatments, quality service & less waiting period, and rising geriatric & middle class population drives the growth of the market. However, communication barriers and need for travelling may hamper the market growth.

Major Players in the Medical Tourism Market:

Some of the key players in the global market: Asklepios Kliniken Verwaltungsgesellschaft Gmbh (Germany), Fortis Healthcare (India), Gleneagles Global Hospitals Group. (India), Prince Court Medical Centre (Malaysia),  Samitivej PCL (Thailand), CHRISTUS MUGUERZA (Mexico), Anadolu Medical Center (Turkey), and others.

Medical Tourism Market:

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Key Findings:

  • The global medical tourism market is expected to reach USD 226,762.7 million by 2023.
  • Asia Pacific holds the largest share of 43.7% of the global market.
  • Orthopedic/spine by type holds the largest market share of 14.9% of the global medical tourism market and is expected to reach USD 27,902.8 million by the end of the forecast period.
  • Globally, Oncology/Cancer is the fastest growing segment and expected to grow at a rate of CAGR 21.9% during the forecast period owing to continuously increasing prevalence of different types of cancers.

Segments:

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.”

Figure: Global medical tourism market by treatment types, 2016 (%):

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Regional Analysis:

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.

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.  

Some of the key players in this market are Asklepios Kliniken Verwaltungsgesellschaft GmbH (Germany), Fortis Healthcare (India), Gleneagles Global Hospitals Group. (India), Prince Court Medical Centre (Malaysia),  Samitivej PCL (Thailand), CHRISTUS MUGUERZA (Mexico), Anadolu Medical Center (Turkey), and others.

Global Medical Tourism Market:

What makes our report unique?

1) An extensive research study on the Global Medical Tourism market, and its entire ecosystem, describes the market trends, drivers, restraints and opportunities of the Medical Tourism market.

2) We provide you the longest possible market segmentation based on type of products, procedures and geography and describe the market share region wise.

3) The report gives a bird eyes view on the competitive landscape which includes mergers and acquisitions, collaborations, market strategies, and new product launches.

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Research Methodology:

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