Medical Tourism Market Worth USD 53.51 Billion by 2028 with a 21.1% CAGR
Posted on Sep 19 2023 6:22 AM
"Medical Tourism Market Size, Share & COVID-19 Impact Analysis, By Service (Medical Treatment {Cardiac Procedures, Oncology Procedures, Orthopedic & Spine Procedures, Dental Procedures, and Others}, Wellness Treatment {Cosmetic Procedures, Rejuvenation Procedures, and others}, and Alternative Treatment), By Service Providers (Public, and Private), and Regional Forecast, 2021-2028 "
The global medical tourism market size was USD 11.56 billion in 2020. The market is projected to grow from USD 13.98 billion in 2021 to USD 53.51 billion in 2028 at a CAGR of 21.1% in the 2021-2028 period.
The Global "Medical Tourism Market" Is Anticipated To Develop At A Significant Growth Rate Over The Analysis Period 2023-2030. The Medical Tourism Market Report comes with an extensive industry analysis of development components, patterns, flows, and sizes. The report also calculates present and past market values to forecast potential market management through the forecast period between 2023-2030. The report may be the best of what is a geographic area that expands the competitive landscape and industry perspective of the market.
The report provides a comprehensive analysis of this Medical Tourism Market considering the approaches utilized by industrialists. There are some specific approaches used to safeguard their distance in the market and enduring the development of business would be the variables covered in the report. For any item, there are numerous companies playing their part in the market, some new, some based and some planning to arrive at the Medical Tourism Market.
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Note - This report sample includes:
- Brief Introduction to the Research Report.
- Table of Contents (Scope covered as a part of the study)
- Top players in the market
- Research framework (structure of the report)
- The research methodology adopted by Fortune Business Insights
Players Covered in Medical Tourism Market are:
- Bumrungrad International Hospital (Bangkok, Thailand)
- Apollo Hospitals (Chennai, India)
- Bangkok Chain Hospital (Nonthaburi, Thailand)
- Fortis Healthcare (Delhi, India)
- Asian Heart Institute (Mumbai, India)
- KPJ Healthcare Berhad (Kuala Lumpur, Malaysia)
- Livonta Global (Ahmedabad, India)
- Gleneagles Hospital (Mumbai, India)
Medical Tourism Market Drivers:
Low-cost Care is Increasing Inbound Medical Travel, Supporting Market Growth.
The growth of inbound medical travel will spur the medical tourism industry. Better healthcare delivery has been made possible by ongoing advancements in medical devices, wearable technology, surgery, and connected technologies. With the help of telemedicine, telehealth, and other technologies, patients can make appointments, speak with doctors, and receive top-notch care from any location in the world. Because of these factors, inbound medical travel has increased to developing countries like Thailand and India.
In the upcoming years, medical tourism will continue to expand due to the lower cost of treatments in developing nations compared to developed nations. Compared to private hospitals in developed nations like the U.S., medical care in Asian nations is significantly less expensive, according to the Medical and Health Tourism Congress (MHTC). S. For instance, a heart bypass operation in Thailand would cost USD 13,000 rather than USD 113,000 in the U.S. S.
Scope of the Medical Tourism Market:
Global Medical Tourism Market research report contains the extensive use of secondary and primary data sources. The research process focuses on multiple factors impacting the industry such as aggressive landscape, government coverage, historical data, market present position, market trends, upcoming technologies, and innovations in addition to risks, rewards, challenges, and opportunities. To be able to validate market volume market, manufacturers, regional analysis, product sections, and end users/applications study use Top-down and bottom-up approaches.
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By Region
• North America (U.S., Canada, Mexico)
• Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
• Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of APAC)
• Middle East & Africa (Turkey, Saudi Arabia, Iran, UAE, Africa, Rest of MEA)
• South America (Brazil, Argentina, Rest of SA)
Objective to buy this Report:
☛ The depth of industry analysis by SWOT Analysis, Porter’s Five Force Analysis, and Cost Structure Analysis.
☛ This report covers different regional and country-level markets of Medical Tourism Market .
☛ It describes the current situation, historical background, and future forecast of the Medical Tourism Market .
☛ Comprehensive data showing Medical Tourism Market capacity, production, consumption, trading statistics, and pricing.
☛ Market forecasts for the next five years are also available, including market size and price by top leading vendors.
The major points covered in the table of contents:
Overview: This part provides a summary of the report, as well as a broad overview of the global Medical Tourism Market, to offer an understanding of the nature and contents of the research study.
Market Analysis: The research forecasts the market share of key segments of the Medical Tourism Market with accuracy and reliability. This study may be used by industry participants to make strategic investments in key growth areas of theMedical Tourism Market.
Analysis of Leading Players’ Strategies: This report can be used by market participants to acquire a competitive advantage over their rivals in the Medical Tourism Market.
Regional Growth Analysis: The report covers all of the key areas and countries. The regional analysis will assist market players in tapping into untapped regional markets, developing unique regional strategies, and comparing the growth of all regional markets.
Market Forecasts: Report purchasers will get access to precise and validated estimations of the entire market size in terms of both value and volume. The study also includes estimates for Medical Tourism Market in terms of consumption, production, sales, and other factors.
Reasons to Buy our Report:
The study consists of analytical details of the global Medical Tourism Market with current trends and future estimates to illustrate the impending investment pocket.
Global Medical Tourism Market potential is determined by understanding profitability trends in order to gain stronger coverage in the market.
This report on Medical Tourism Market provides information on key impact factors, limitations, and opportunities along with a detailed impact analysis.
The current Medical Tourism Market is quantitatively analyzed from 2023 to 2030 to emphasize the financial capacity of the market.
Porter’s five force analyses show buyer and supplier power.
Research Methodology
The report has its roots definitely set in thorough strategies provided by proficient data analysts. The research methodology involves the collection of information by analysts only to have them studied and filtered thoroughly in an attempt to provide significant predictions about the market over the review period. The research process further includes interviews with leading market influencers, which makes the primary research relevant and practical. The secondary method gives a direct peek into the demand and supply connection. The market methodologies adopted in the report offer precise data analysis and provide a tour of the entire market. Both primary and secondary approaches to data collection have been used. In addition to these, publicly available sources such as annual reports, and white papers have been used by data analysts for an insightful understanding of the market.
Table of Contents:
Introduction of the Global Medical Tourism Market
Overview of the Market
Scope of Report
Assumptions
Executive Summary
Research Methodology of Fortune Business Insights
Data Mining
Validation
Primary Interviews
List of Data Sources
Global Medical Tourism Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
Global Medical Tourism Market, By Product
Global Medical Tourism Market, By Application
Global Medical Tourism Market, By Geography
North America
Europe
Asia Pacific
Rest of the World
Global Medical Tourism Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
Company Profiles
Appendix
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