Medical Tourism Market To Surpass USD 83,279.1 Million With CAGR Growing 12.4% By 2028 | Asian Heart Association, Apollo Hospitals Enterprise Ltd., Prince Court Medical Center, Gleneagles Hospitals

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Medical tourism describes patients traveling abroad to receive medical care. In the early years, this usually referred to those traveling from less developed countries to major medical facilities in more developed countries, especially for treatments not available at home. Today, Medical tourism refers to those seeking medical care in clinics and hospitals outside of their own country.

The medical tourism market is experiencing strong growth due to the lack of medical insurance. In addition, the expansion of the Internet and online advertising in rural areas has enabled patients to identify specialist treatments at low cost. The Nerd Wallet Health analyzed data from the Centers for Disease Control and Prevention (CDC), the U.S. Census, and the Federal Court System in 2013 and found that about 56 million Americans under the age of 65 struggle to pay their medical bills.

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In addition, according to the Health Tourism Factsheet and Statistics, medical tourism generated huge revenues between US $ 60,000 and US $ 70,000 in 2015, and it is expected to double in the near future. These factors indicate the rapid growth and expansion of the global medical tourism market during the forecast period.

The size of the global medical tourism market has been estimated to be US $ 32,733.7 million in 2019, and should attend a 12.4% CAGR over the forecast period (2019 – 2027).

Growing government initiatives to develop medical tourism are driving the growth of the global medical tourism market.

Governments of various countries are taking initiatives to make medical tourism offer better treatment to visitors. For example, according to the 2019 Dubai Chamber of Commerce report, the Abu Dhabi Ministry of Health and Abu Dhabi Ministry of Culture and Tourism (DCT) jointly launched the medical tourism electronic portal of ‘Abu Dhabi, a digital platform that provides visitors to Abu Dhabi with all medical offerings and health facilities for the duration of their visit.

In addition, orthopedics, sports medicine, dermatology and skin care, dentistry and fertility treatments are currently among the main specialties of health tourism in Dubai.

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Global Medical Tourism Market – Regional Overview

On the basis of region, the global medical tourism market is segmented into North America, Latin America, Europe, Asia-Pacific, Middle East and Africa. North America occupies a leading position in the global medical tourism market due to the increasing prevalence of cancer. The incidence of cancer is high in the United States and around the world. For example, according to the National Cancer Institute, in 2016 an estimated 15.5 million people survived cancer in the United States, and the number of cancer survivors is expected to increase to 20.3 million by 2026. From more, in 2017, approximately 15,270 children and adolescents aged 0 to 19 were diagnosed with cancer in the United States

Asia-Pacific is experiencing the fastest growing global medical tourism market due to the growing government initiative for medical tourism. According to the government of the Indian Ministry of Interior, in 2017 India revamped its e-Visa program, introducing a special sub-category of visa for medical travelers that can be issued for specific purposes to foreign tourists coming in. India for medical treatment.

Global Medical Tourism Market – Competitive Landscape

The major players engaged in the global medical tourism market include Asian Heart Association, Apollo Hospitals Enterprise Ltd., Prince Court Medical Center, Gleneagles Hospitals, Min-Sheng General Hospital, Raffles Medical Group, Bangkok Hospital, Fortis Healthcare Ltd., Anadolu Medical Center, and Wooridul Spine Hospital.

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Contents

  1. Research objective and hypothesis
    • Research objectives
    • Hypotheses
    • Abbreviations
  2. Market Snapshot
    • Description of the report
      • Definition and scope of the market
    • Summary
      • Market extract, by type of treatment
      • Market extract, by region
    • Coherent Opportunity Map (COM)
  3. Analysis of market dynamics, regulations and trends
    • Market dynamics
      • Conductors
      • Constraints
      • Market opportunities
    • Impact analysis
    • Market trends
    • Key developments
    • PEST analysis
  4. Global Medical Tourism Market, By Treatment Type, 2019-2027, (USD Million)
    • introduction
      • Market share analysis, 2019 and 2027 (%)
      • Year-on-year growth analysis, 2017 – 2027
      • Segment trends
    • Cardiovascular
      • introduction
      • Market Size and Forecast, and Year-on-Year Growth, 2016-2027, (USD Million)
    • Orthopedic
      • introduction
      • Market Size and Forecast, and Year-on-Year Growth, 2016-2027, (USD Million)
    • Neurological
      • introduction
      • Market Size and Forecast, and Year-on-Year Growth, 2016-2027, (USD Million)
    • Cancer
      • introduction
      • Market Size and Forecast, and Year-on-Year Growth, 2016-2027, (USD Million)
    • Fertility
      • introduction
      • Market Size and Forecast, and Year-on-Year Growth, 2016-2027, (USD Million)
    • Others
      • introduction
      • Market Size and Forecast, and Year-on-Year Growth, 2016-2027, (USD Million)
  5. Global Medical Tourism Market, By Region, 2019-2027 (USD Million)
    • introduction
      • Market share analysis, by region, 2019 and 2027 (%)
      • Year-on-year growth analysis, by region, 2017 – 2026
      • Regional trends
    • North America
      • Market Size and Forecast, by Treatment Type, 2016-2027, (USD Million)
      • Market Size and Forecast, by Country, 2016-2027, (USD Million)
    • Europe
      • Market Size and Forecast, by Treatment Type, 2016-2027, (USD Million)
      • Market Size and Forecast, by Country, 2016-2027, (USD Million)
        • UK
        • Germany
        • Italy
        • France
        • Spain
        • Russia
        • The rest of europe
    • Asia Pacific
      • Market Size and Forecast, by Treatment Type, 2016-2027, (USD Million)
      • Market Size and Forecast, by Country, 2016-2027, (USD Million)
        • China
        • Japan
        • India
        • ASEAN
        • Australia
        • South Korea
        • Rest of Asia-Pacific
    • Latin America
      • Market Size and Forecast, by Treatment Type, 2016-2027, (USD Million)
      • Market Size and Forecast, by Country, 2016-2027, (USD Million)
        • Brazil
        • Mexico
        • Argentina
        • Rest of Latin America
    • Middle East
      • Market Size and Forecast, by Treatment Type, 2016-2027, (USD Million)
      • Market Size and Forecast, by Country, 2016-2027, (USD Million)
        • GCC countries
        • Israel
        • Rest of the Middle East
    • Africa
      • Market Size and Forecast, by Treatment Type, 2016-2027, (USD Million)
      • Market Size and Forecast, by Country / Region, 2016-2027, (USD Million)
        • North Africa
        • central Africa
        • South Africa

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