The global medical tourism market was valued at about $32.35 billion in 2018. Asia Pacific is the fastest growing region in medical tourism market, in which Thailand holds the maximum share. The medical tourism market includes revenues generated by healthcare service providers by diagnosing and treating the patients who travel across international borders to obtain medical treatment. Patients usually travel from countries lacking healthcare infrastructure or having high healthcare costs to major medical centers in developing countries.
The global medical tourism market (https://www.thebusinessresearchcompany.com/report/medical-tourism-global-market-report) is expected to grow to $59.8 billion at a rate of about 16.6% through 2022. High healthcare cost in developed countries is driving growth in the medical tourism market as developing countries are able to provide cheaper treatment. Patients usually travel to developing countries with quality healthcare infrastructure and low healthcare costs. According to a study conducted by the Centers for Disease Control and Prevention in 2017, approximately 0.75 -1.6 million people from the USA travel out of the country for medical care to avoid high treatment cost. For instance, a hip replacement surgery in the USA costs approximately $39,299 while the same surgery in India, Costa Rica or other developing countries would cost between $7000 and $15,000 including logistics.
Patients travelling across countries for medical treatment are increasingly using electronic health records to store information related to health in digital format. Electronic health record is the systematic collection of patient health and medical examination reports stored electronically. These health records can be accessed instantly and securely by authorized users. Electronic health records eliminate the need to carry heavy medical records for patients travelling long distances for treatment.
Major players in the market are Apollo Hospital Enterprise Limited, Prince Court Medical Center, Bumrungrad International Hospital, KPJ Healthcare Berhad, and Fortis Health Ltd. Bumrungrad International Hospital is a private hospital founded in 1980 in Bangkok, Thailand. More frequently referred to as Bumrungrad Hospital or simply Bumrungrad, its name, Bumrungrad means ‘to care for the populace’ or ‘to nurture the people’.
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Few Points From Table of Contents:
4. Medical Tourism Market Segmentation
4.1. Global Medical Tourism Market, Segmentation By Treatment Type, Historic and Forecast, 2014-2018, 2022F, 2025F, 2030F, $ Billion
Cosmetic Treatment
Dental Treatment
Cardiovascular Treatment
Orthopedics Treatment
Bariatric Treatment
Fertility Treatment
Ophthalmic Treatment
Others
5. Medical Tourism Market Regional And Country Analysis
5.1. Global Medical Tourism Market, Split By Region, Historic and Forecast, 2014-2018, 2022F, 2025F, 2030F, $ Billion
5.2. Global Medical Tourism Market, Split By Country, Historic and Forecast, 2014-2018, 2022F, 2025F, 2030F, $ Billion
6. Asia-Pacific Medical Tourism Market
6.1. Asia-Pacific Medical Tourism Market Overview
6.2. Asia-Pacific Medical Tourism Market, Segmentation By Treatment Type, Historic and Forecast, 2014-2018, 2022F, 2025F, 2030F, $ Billion
7. China Medical Tourism Market
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