by According to the industry experts, The medical tourism market garnered $ 105 billion in 2021 and is expected to generate $ 286.1 billion by 2030, manifesting a CAGR of 10.8% from 2021 to 2030. The report contains 150+ pages with detailed analysis.
The base year for the study has been considered 2021, the historic year 2019 and 2020, the forecast period considered is from 2021 to 2030. The medical tourism market is analyzed on the basis of value (US$ Million), volume (Unit), and price (US$/Unit).
Download the Sample Pages of this Report for Better Understanding (Including TOC, List of Tables & Figures, and Chart) @ https://www.precedenceresearch.com/sample/1360
Market Scope
This market report studies market dynamics, status and outlook especially in North America, Europe and Asia-Pacific, Latin America, the Middle East and Africa. This research report offers scenario and forecast (revenue/volume), and categorizes the market by key players and various segment. This report also studies global market prominence, competitive landscape, market share, growth rates market dynamics such as drivers, restraints and opportunities, and distributors and sales channels.
This research study also integrates Industry Chain analysis and Porter’s Five Forces Analysis. Further, this report offers a competitive scenario that comprises collaborations, market concentration rate and expansions, mergers & acquisitions undertaken by companies.
The global medical tourism market is primarily driven by the increased demand for the cheap treatment for various chronic diseases available in the developing countries. Sometimes, the treatment of certain diseases are quite expensive in the home country, therefore, in order to obtain cheap and advanced treatments people opt for visiting foreign countries. The rising burden of diseases among the global population and increased affordability of various latest therapies is fostering the growth of the medical tourism market. Globalization is an essential aspect of the medical tourism industry.
Globalization resulted in the free flow of medical technologies, health professionals, patients, medicines, and capital funds which constitutes the development of the medical tourism industry. The rising government investments in the development of tourism infrastructure and building strong and advanced healthcare facilities are significantly propelling the growth of the global medical tourism market.
The rising prevalence of chronic diseases and availability of various treatments related to fertility, cancer, cardiovascular health, and orthopedics is augmenting the demand for the medical tourism market. The medical tourism market is dominantly affected by various factors such as climate, geo-political relations between countries, political stability, and local regulations. Favorable government policies related to VISA and other permits plays a crucial role in the growth of the market.
Browse Healthcare Research Reports @ https://www.marketstatsnews.com/healthcare/
Based on region, Asia Pacific is the dominating and the fastest-growing market in the global tourism market. This can be attributed to the availability of cheap air transport and availability of specialized, advanced, and affordable treatments of various chronic diseases. Furthermore, the availability of cheap cosmetic surgery and cosmetic treatment facilities is boosting the growth of the medical tourism in this region. Cosmetics treatment is not covered in the healthcare policies and hence, people are increasingly preferring Asia Pacific for the availability of cheap cosmetic treatments.
Further, the increasing government initiatives to promote tourism in the region coupled with the rising investments for the development of sophisticated healthcare infrastructure is expected to contribute exponentially towards the market growth in the forthcoming years. The countries such as Thailand, Singapore, India, and China are the major destinations for the medical tourists owing to the availability of advanced medical technologies at affordable prices. The rising burden of diseases in the developed regions like North America and Europe is attracting medical tourists in the Asia Pacific region.
The medial tourism market is highly dependent of the foreign policies, regulations, and geo-political relations between countries that may have a negative impact on the growth of the medical tourism market. Further, the availability of advanced treatment at higher costs in the regions like Europe and North America may hinder the market growth during the forecast period.
The rapid development of various new technologies and increasing investments in the research activities to develop improved and effective medicines and medical devices is expected to present a huge growth opportunity for the market players in the foreseeable future. For instance, the development of targeted therapy, gene-targeted therapy, laser treatment, and various other advanced treatments are the major growth drivers of the global medical treatment market.
The recent outbreak of the COVID-19 pandemic has negatively affected the medical tourism market. Almost all the countries on this planet sealed their borders and shut down their destinations for the tourists. Most of the scheduled medical tourism were postponed or delayed for an indefinite time period. Further, disruptions in the supply chain resulted in the shortages of medicines and medical devices owing to the lack of raw materials. Hence, such pandemics may have a devastating effect on the market in the forthcoming years.
Based on the type, the cancer segment dominated the global medical tourism market. This is simply attributed to the huge demand for the cancer treatment at cheaper costs. Furthermore, the prevalence of cancer is on the rise among the global population.According to the International Agency for Research on Cancer, around 19.3 million new cancer cases and around 10 million cancer related deaths were reported in the year 2020, across the globe.
Prevalence of breast cancer in the female population is surging, accounting for around 11.7% of the new cancer cases followed by the lungs cancer that accounted for 11.4% and colorectal cancer accounted for 10.0% in 2020. Hence, the availability of advanced treatment for cancer is expected to drive the segment growth and is estimated to retain its dominance throughout the forecast period.
The market is moderately fragmented with the presence of several local companies. These market players are striving to gain higher market share by adopting strategies, such as investments, partnerships, and acquisitions & mergers. Companies are also spending on the development of improved products. Moreover, they are also focusing on maintaining competitive pricing.
Key Players/Manufacturers
This report also provides detailed company profiles of the key market players. This research report also highlights the competitive landscape of the medical tourism market and ranks noticeable companies as per their occurrence in diverse regions across the globe and crucial developments initiated by them in the market space.
This research study also tracks and evaluates competitive developments, such as collaborations, partnerships, and agreements, mergers and acquisitions; novel product introductions and developments, promotion strategies and Research and Development (R&D) activities in the marketplace. The competitive profiling of these players includes business and financial overview, gross margin, production, sales, and recent developments which can aid in assessing competition in the market.
Some of the prominent players in the global medical tourism market include:
- Aditya Birla Memorial Hospital,
- Apollo Hospitals Enterprise
- Asian Heart Institute
- Barbados Fertility Center
- Fortis Healthcare Limited
- KPJ Healthcare Berhad
- NTT Medical Center Tokyo
- Prince Court Medical Centre
- Samitivej PCL
- Seoul National University Hospital
- Wooridul Spine Hospital
Market Segments Covered
By Treatment Type
- Dental Treatment
- Cardiovascular Treatment
- Cancer Treatment
- Cosmetic Treatment
- Orthopedic Treatment
- Fertility Treatment
- Neurological Treatment
- Other
By Geography
- North America
- U.S.
- Canada
- Europe
- U.K.
- Germany
- France
- Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of the World
Research Objective
- To provide a comprehensive analysis of the medical tourism industry and its sub-segments in the global market, thereby providing a detailed structure of the industry
- To provide detailed insights into factors driving and restraining the growth of this global market
- To provide a distribution chain analysis/value chain for the this market
- To estimate the market size of the global medical tourism market where 2019 would be the historical period, 2020 shall be the base year, and 2020 to 2027 will be the forecast period for the study
- To provide strategic profiling of key companies (manufacturers and distributors) present across the globe, and comprehensively analyze their competitiveness/competitive landscape in this market
- To analyze the global market in four main geographies, namely, North America, Europe, Asia-Pacific, and the Rest of the World
- To provide country-wise market value analysis for various segments of the medical tourism
TABLE OF CONTENT
Chapter 1. Introduction
1.1. Research Objective
1.2. Scope of the Study
1.3. Definition
Chapter 2. Research Methodology
2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations
Chapter 3. Executive Summary
3.1. Market Snapshot
Chapter 4. Market Variables and Scope
4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis
4.3.1. Raw Material Procurement Analysis
4.3.2. Sales and Distribution Channel Analysis
4.3.3. Downstream Buyer Analysis
Chapter 5. COVID 19 Impact on Medical Tourism Market
5.1. COVID-19 Landscape: Medical Tourism Industry Impact
5.2. COVID 19 – Impact Assessment for the Industry
5.3. COVID 19 Impact: Global Major Government Policy
5.4. Market Trends and Opportunities in the COVID-19 Landscape
Chapter 6. Market Dynamics Analysis and Trends
6.1. Market Dynamics
6.1.1. Market Drivers
6.1.2. Market Restraints
6.1.3. Market Opportunities
6.2. Porter’s Five Forces Analysis
6.2.1. Bargaining power of suppliers
6.2.2. Bargaining power of buyers
6.2.3. Threat of substitute
6.2.4. Threat of new entrants
6.2.5. Degree of competition
Chapter 7. Competitive Landscape
7.1.1. Company Market Share/Positioning Analysis
7.1.2. Key Strategies Adopted by Players
7.1.3. Vendor Landscape
7.1.3.1. List of Suppliers
7.1.3.2. List of Buyers
Chapter 8. Global Medical Tourism Market, By Product
8.1. Medical Tourism Market, by Product Type, 2020-2027
8.1.1. Dental Treatment
8.1.1.1. Market Revenue and Forecast (2019-2030)
8.1.2. Cardiovascular Treatment
8.1.2.1. Market Revenue and Forecast (2019-2030)
8.1.3. Cancer Treatment
8.1.3.1. Market Revenue and Forecast (2019-2030)
8.1.4. Cosmetic Treatment
8.1.4.1. Market Revenue and Forecast (2019-2030)
8.1.5. Orthopedic Treatment
8.1.5.1. Market Revenue and Forecast (2019-2030)
8.1.6. Fertility Treatment
8.1.6.1. Market Revenue and Forecast (2019-2030)
8.1.7. Neurological Treatment
8.1.7.1. Market Revenue and Forecast (2019-2030)
8.1.8. Others
8.1.8.1. Market Revenue and Forecast (2019-2030)
Chapter 9. Global Medical Tourism Market, Regional Estimates and Trend Forecast
9.1. North America
9.1.1. Market Revenue and Forecast, by Product (2019-2030)
9.1.2. U.S.
9.1.3. Rest of North America
9.1.3.1. Market Revenue and Forecast, by Product (2019-2030)
9.2. Europe
9.2.1. Market Revenue and Forecast, by Product (2019-2030)
9.2.2. UK
9.2.2.1. Market Revenue and Forecast, by Product (2019-2030)
9.2.3. France
9.2.3.1. Market Revenue and Forecast, by Product (2019-2030)
9.2.4. Rest of Europe
9.2.4.1. Market Revenue and Forecast, by Product (2019-2030)
9.3. APAC
9.3.1. Market Revenue and Forecast, by Product (2019-2030)
9.3.2. India
9.3.2.1. Market Revenue and Forecast, by Product (2019-2030)
9.3.3. China
9.3.3.1. Market Revenue and Forecast, by Product (2019-2030)
9.3.4. Japan
9.3.4.1. Market Revenue and Forecast, by Product (2019-2030)
9.3.5. Rest of APAC
9.3.5.1. Market Revenue and Forecast, by Product (2019-2030)
9.4. MEA
9.4.1. Market Revenue and Forecast, by Product (2019-2030)
9.4.2. GCC
9.4.2.1. Market Revenue and Forecast, by Product (2019-2030)
9.4.3. North Africa
9.4.3.1. Market Revenue and Forecast, by Product (2019-2030)
9.4.4. South Africa
9.4.4.1. Market Revenue and Forecast, by Product (2019-2030)
9.4.5. Rest of MEA
9.4.5.1. Market Revenue and Forecast, by Product (2019-2030)
9.5. Latin America
9.5.1. Market Revenue and Forecast, by Product (2019-2030)
9.5.2. Brazil
9.5.2.1. Market Revenue and Forecast, by Product (2019-2030)
9.5.3. Rest of LATAM
9.5.3.1. Market Revenue and Forecast, by Product (2019-2030)
Chapter 10. Company Profiles
10.1. Aditya Birla Memorial Hospital
10.1.1. Company Overview
10.1.2. Product Offerings
10.1.3. Financial Performance
10.1.4. Recent Initiatives
10.2. Apollo Hospitals Enterprise
10.2.1. Company Overview
10.2.2. Product Offerings
10.2.3. Financial Performance
10.2.4. Recent Initiatives
10.3. Asian Heart Institute
10.3.1. Company Overview
10.3.2. Product Offerings
10.3.3. Financial Performance
10.3.4. Recent Initiatives
10.4. Barbados Fertility Center
10.4.1. Company Overview
10.4.2. Product Offerings
10.4.3. Financial Performance
10.4.4. Recent Initiatives
10.5. Fortis Healthcare Limited
10.5.1. Company Overview
10.5.2. Product Offerings
10.5.3. Financial Performance
10.5.4. Recent Initiatives
10.6. KPJ Healthcare Berhad
10.6.1. Company Overview
10.6.2. Product Offerings
10.6.3. Financial Performance
10.6.4. Recent Initiatives
10.7. NTT Medical Center Tokyo
10.7.1. Company Overview
10.7.2. Product Offerings
10.7.3. Financial Performance
10.7.4. Recent Initiatives
10.8. Prince Court Medical Centre
10.8.1. Company Overview
10.8.2. Product Offerings
10.8.3. Financial Performance
10.8.4. Recent Initiatives
Chapter 11. Research Methodology
11.1. Primary Research
11.2. Secondary Research
11.3. Assumptions
Chapter 12. Appendix
12.1. About Us
12.2. Glossary of Terms
Thanks for reading you can also get individual chapter-wise sections or region-wise report versions such as North America, Europe, or the Asia Pacific.
Why Buy this Report?
The purpose of Precedence Research’s medical tourism market study is to provide stakeholders with a detailed picture of potential barriers and untapped opportunities. The report contains exclusive information to assist businesses in making informed decisions about how to maintain growth throughout the assessment period.
Buy Full Research Report (Single User License US$ 4500) @ https://www.precedenceresearch.com/checkout/1360
Contact Us:
Mr. Alex
Sales Manager
Call: +1 9197 992 333
Email: sales@precedenceresearch.com
