Medical Tourism Market 2022 Will Generate Massive Revenue


A recent report published by Astute Analytica provides an overview of the current state of the global medical tourism market. The planned years for the market study range from 2022 to 2027.

The global medical tourism market size was Million US$ in 2021 and is expected to reach Million US$ by 2027, growing at a (CAGR) of 12% during the forecast period 2022 to 2027 .

The research study offers important market data including growth influencing factors, barriers, as well as opportunities and strategies to overcome them.

The study also contains industry information such as market value, share, CAGR, size, etc. to simplify the market review for new entrants. The study also provides analyzes of economics, politics, technology, society, law, and the environment.

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Segmental analysis:

The segmentation section of the report focuses on each segment, while highlighting those having high impact on the global medical tourism market. The segmentation served as the basis for finding companies and examining their financial situation, product portfolios and future growth potential. The second step was to assess the core competencies and market shares of top companies to predict the degree of competition. A bottom-up method was used to assess the overall market size.

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This report can be customized to meet customer requirements. Please contact our sales team ([email protected]), who will ensure you get a report tailored to your needs. You can also get in touch with our executives on +18884296757 to share your research needs.

Populations and economies around the world largely depend on the health sector. It is one of the fastest growing industries. There is a correlation between income levels and health expenditure in different countries, with health expenditure accounting for more than 10% of GDP in most industrialized countries.

Data from the Centers for Medicare and Medicaid Services calculates that national health care spending in the United States reached US$4.1 trillion in 2020 and is expected to exceed US$6.2 trillion by 2028. According to the Fund of the Commonwealth, the United States spent nearly 17% of gross domestic product (GDP) on health care in 2018. Switzerland was the second highest ranked country, spending 12.2%. In addition, New Zealand and Australia spend only 9.3%.

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Regional analysis:

According to the U.S. Bureau of Labor Statistics, healthcare employment is expected to grow 16% between 2020 and 2030, much faster than the average for all occupations, with about 2.6 million new jobs. . This projected increase is mainly due to the aging of the population, which indicates a higher demand for health services. In May 2021, the median annual salary for health and technical professionals (such as registered nurses, physicians and surgeons, and dental hygienists) was $75,040, which was higher than the median annual salary for savings of $45,760.

European legislators and decision-makers should be aware that EU health systems are facing challenges related to the aging of the population, the growing expectations of citizens, the migration and mobility of patients and healthcare professionals. health. Data from Statista shows the number of people employed in European hospitals in 2019. In 2019, there were over 1.5 million people employed in hospitals in the UK, the highest number in Europe.

COVID-19 Impact Analysis:

Global cases of COVID-19 exceeded 516 million in May 2022, and the death toll exceeded 6.25 million. COVID-19 has disproportionately impacted specific racial and ethnic minority groups, as well as underserved and marginalized communities, highlighting persistent challenges to health equity and health outcomes.

COVID-19 is causing a lot of emotional, physical and professional stress on healthcare workers. Changing consumer attitudes and behaviors, integration of life sciences and healthcare, rapidly growing digital health technology, new talent and care delivery models, and clinical innovation advanced by COVID-19.

As industry players and customers, they serve to adapt to a new world of remote working, virtual medical visits and a supply chain plagued by shortages of medical goods, employees and of services, the sector is reforming to become more customer-centric.

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About Astute Analytica:

Astute Analytica is a global analytics and consulting company that has built a solid reputation in a short time, thanks to the tangible results we have delivered to our clients. We pride ourselves on generating unrivaled, thorough and incredibly accurate estimates and projections for our highly demanding clients spread across different verticals. We have a long list of satisfied and repeat customers from a wide range including Technology, Healthcare, Chemicals, Semiconductors, FMCG and many more. These satisfied customers come to us from all over the world.

They are able to make well-calibrated decisions and take advantage of highly lucrative opportunities while overcoming fierce challenges, all because we analyze for them the complex business environment, existing and emerging opportunities by segment, technology formations , growth estimates and even the strategic choices available. . In short, a complete package. All of this is possible because we have a team of highly qualified, knowledgeable and experienced professionals including business analysts, economists, consultants and technology experts. In our list of priorities, you, our patron, come first. If you decide to engage with us, you can be sure of the best value-added and cost-effective package from us.

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