According to the latest report of the IMARC group, entitled “Medical Tourism Market: Global Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2021-2026,” the the global medical tourism market is currently experiencing strong growth. Medical tourism refers to the global phenomenon in which individuals travel outside of their country of residence for the purpose of receiving medical care. Patient mobility can be based on a quantitative and qualitative model change across the world. While a certain portion of individuals travel from developed economies to developing economies to access affordable health treatments, others prefer to travel to developed countries to receive better quality medical treatment, facilitated by advanced health care infrastructure. Additionally, many patients move abroad to seek medical attention for certain rare treatments, including stem cell transplants and gender reassignment operations, which are not available in their home countries. Some of the more common procedures that patients pursue during medical tourism include dental treatment, cosmetic surgery, fertility treatments, and elective surgery.
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Global Medical Tourism Market Trends:
The global market is driven by the high medical costs associated with the treatment of chronic diseases in developed countries. At the same time, a significant increase in state-of-the-art medical facilities in emerging economies has resulted in the deliberate shipping of many patients to developing countries to access better quality health services at affordable prices. This is further facilitated by the availability of cheap flights and the easy availability of information regarding medical services on the Internet. Additionally, many healthcare providers are now expanding their services by offering medical tourism packages that can include services such as ticket reservations, hotel accommodation, and medical insurance. This, together with inadequate insurance benefits available in various countries and the growing demand for surgeries not covered by medical insurance, is driving the growth of the market. In addition, multiple benefits, including personalized care, modern devices, innovative medicines and the latest technologies, offered by the healthcare sector of some countries, coupled with significant growth in medical infrastructure supported by government initiatives. favorable, create a positive outlook for the market. .
See the full report with table of contents and list of figures: https://bit.ly/3kncocw
Competitive landscape with key players:
The report also analyzed the competitive landscape of the market with some of the major players being.
- Aditya Birla Memorial Hospital
- Apollo Hospitals Enterprise Limited
- Asian Heart Institute
- Barbados Fertility Center
- BB Health Solutions.
- Fortis Health
- Health base
- KPJ Healthcare Berhad
- Prince Court Medical Center
- Seoul National University Hospital
- UZ Leuven
Segmentation of the medical tourism market:
Our report has categorized the market based on region and type of processing.
Breakage by type of treatment:
- Cosmetic treatment
- Dental treatment
- Cardiovascular treatment
- Orthopedic treatment
- Bariatric surgery
- Fertility treatment
- Ophthalmic treatment
Breakdown by region:
- North America
- Asia Pacific
- Middle East and Africa
- Latin America
Highlights of the report:
- Market performance (2015-2020)
- Market Outlook (2021-2026)
- Porter’s Five Forces Analysis
- Market drivers and success factors
- SWOT analysis
- Value chain
- Complete mapping of the competitive landscape
The IMARC group is a leading market research company providing management strategies and market research worldwide. We partner with clients across industries and regions to identify their most exciting opportunities, address their most critical challenges and transform their businesses.
IMARC’s information products include key business, scientific, economic and technological developments for business leaders in pharmaceutical, industrial and high-tech organizations. Market forecasting and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology, and new processing methods are at the top of the market. business expertise.
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