Market Insights
Increasing costs of treatments for chronic diseases and other kinds of treatment have been highly encouraging of medical tourism. It has been a common practice in an effort to procure good treatment at lower costs. Developing economies around the world offer high-quality medical treatments which attract patients from other parts of the world. Market Research Future has published its newest report on the global medical tourism market which reveals an expected and promising CAGR of 21.4% during the forecast period from 2017 to 2023. The market was found to be valued at USD 70,836.9 Mn at the start of the forecast period and is likely to grow to reach an impressive USD 226,762.7 Mn by the end of 2023.
The global medical tourism market is expected to exhibit a strong 21.4% CAGR over the forecast period from 2017 to 2023, according to the latest research report from Market Research Future (MRFR). The global medical tourism market is mainly driven by the growing awareness about the availability of healthcare processes at low prices in the developing world. The report presents a detailed breakdown of the global medical tourism market’s key drivers and restraints, allied with an analysis of the economic background of the market. Microeconomic and macroeconomic factors having a lasting impact on the global medical tourism market are studied in detail in the report. The leading players operating in the global medical tourism market are also studied in detail in the report.
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Medical Tourism Market- Competitive Analysis:
Leading players in the global Medical Tourism Market include Asklepios Kliniken Verwaltungsgesellschaft mbH, Clemenceau Medical Center, Fortis Healthcare, Bangkok Hospital, Shouldice Hospital, Anadolu Medical Center, Prince Court Medical Centre, Gleneagles Global Hospitals Group, Schön-Kliniken, Samitivej PCL, CHRISTUS MUGUERZA, and Bumrungrad International Hospital.
In November 2019, Bangkok Dusit Medical Services announced a collaboration with Really Really Cool, a travel experience company, to sell medical tourism schemes to Chinese customers.
Medical Tourism Market Segmentation:
Market Segmentation
The global medical tourism market is segmented on the basis of type. This is divided into neurology/neurosurgery treatments, orthopedic/spine treatments, fertility/IVF treatments, cosmetic treatments, cardiovascular/cardiology treatments, oncology/cancer treatments, and dental treatments. Among these, The cosmetic treatments market is the most lucrative segment with a high demand for facial rejuvenation and breast reconstruction treatments. The cost-efficient prices at medical tourism destinations for cosmetic procedures drive the segment's growth.
Medical Tourism Market- Regional Analysis:
Asia Pacific holds the largest share in the global medical tourism market and is likely to remain the leading revenue generator over the forecast period. Asia Pacific holds a dominant 43.7% share in the global medical tourism market and is expected to grow at a CAGR of 22% over the forecast period from 2017 to 2023. South Korea, in particular, has emerged as a leading exponent of cosmetic surgeries, which has driven the share of Asia Pacific in the global medical tourism market.
Eastern and Central European countries are also expected to emerge as promising destinations for medical tourism over the forecast period.
Browse the market data and information spread across 90 pages with 49 data tables and 18 figures of the report “Medical Tourism Market Report - Forecast 2019-2023” in-depth alongside table of content (TOC) at: https://www.marketresearchfuture.com/reports/medical-tourism-market-1975
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