Cover Image
Market Research Report

U.S. Medical Tourism Market Size, Share & Trends Analysis Report By Type (Inbound, Outbound), Competitive Landscape, And Segment Forecasts, 2019 - 2026

Published by Grand View Research, Inc. Product code 923751
Published Content info 90 Pages
Delivery time: 2-3 business days
Price
Back to Top
U.S. Medical Tourism Market Size, Share & Trends Analysis Report By Type (Inbound, Outbound), Competitive Landscape, And Segment Forecasts, 2019 - 2026
Published: December 30, 2019 Content info: 90 Pages
Description

The U.S. medical tourism market size is anticipated to reach USD 12.9 billion by 2026, expanding at a CAGR of 8.7%, based on a new report by Grand View Research, Inc. Improvements in healthcare technology and high standards of healthcare attract patients from other developed as well as developing countries to travel to U.S. for availing care pertaining to complex healthcare issues, including cardiovascular diseases and cancer. Facilities in other countries may not maintain accreditation or provider licensure. Hence, medical tourists prefer U.S. for healthcare to avail the highest care quality.

Most patients pay for treatment at time of service. The U.S. medical tourists travelling to other countries often rely on healthcare concierge services or private companies to identify healthcare facilities to suit their specific requirements. A few health insurance providers and large-scale employers in U.S. collaborate with hospitals outside the country to control*employee healthcare costs.

Further key findings from the study suggest:

  • The inbound segment dominated the market in 2018. Attractive healthcare travel packages for inbound tourists along with insurance, emerging trend of oncology tourism, and growing prevalence and early onset of chronic diseases are some of the factors driving U.S. inbound medical tourism
  • The U.S. has known states for medical tourism that includes Florida, Pennsylvania, and Arizona. The legislators of Florida are trying to boost the number of patients travelling to the state. In April 2014, SB1150, (a bill) set aside USD 3.5 million for a 4 year campaign for marketing and promoting "sun-and-surgery" packages in the state. The bill is expected to force the local agency to market Florida as a healthcare destination
  • As per the published article in 2018, around 5,000 people travel to Philadelphia for healthcare services. Wills Eye Hospital, Fox Chase Cancer Center, The Rothman Institute for Orthopedics are some of the affiliates of Philadelphia International Medicine (PIM) with clients from 50 countries and 70% of the clients are from Middle East. Patients have access to various specialties ranging from neuroscience to bone marrow transplant, liver and lung transplant to oncology services
  • The U.S. outbound medical tourism segment is expected to grow at a rapid rate over the forecast period.High labor costs in developed countries such as U.S. is leading to an increase in the cost of operating hospitals, which in turn is resulting in an increase in patient expenditure. Conversely, lower operating costs and doctors' salaries in countries such as India is one of the factors responsible for affordable costs of healthcare services
  • The key industry participants in U.S. inbound medical tourism market include Cleveland Clinic, MD Anderson Cancer Center, Mayo Clinic, The John Hopkins Hospital, TIRR Memorial Hermann, McLean Hospital, Dana-Farber Cancer Institute, Baptist Health South Florida, and Cancer Treatment Centers of America.
Table of Contents
Product Code: GVR-4-68038-096-5

Table of Contents

Chapter 1 Methodology and Scope

  • 1.1 Market Segmentation & Scope
    • 1.1.1 Estimates And Forecast Timeline
  • 1.2 Research Methodology
  • 1.3 Information Procurement
    • 1.3.1 Purchased Database
    • 1.3.2 GVR'S Internal Database
    • 1.3.3 Secondary Sources
    • 1.3.4 Primary Research
  • 1.4 Information or Data Analysis
    • 1.4.1 Data Analysis Models
  • 1.5 Market Formulation & Validation
  • 1.6 Model Details
    • 1.6.1 Commodity Flow Analysis (Model 1)
    • 1.6.2 Volume Price Analysis (Model 2)
  • 1.7 List of Secondary Sources
  • 1.8 Objectives
    • 1.8.1 Objective - 1
    • 1.8.2 Objective - 2

Chapter 2 U.S. Inbound Medical Tourism Market: Executive Summary

  • 2.1 Market Outlook
  • 2.2 Competitive Insights
  • 2.3 U.S. Inbound Medical Tourism Market Outlook, 2018

Chapter 3 U.S. Inbound Medical Tourism Market: Variables, Trends & Scope

  • 3.1 Market Segmentation
  • 3.2 Penetration & Growth Prospect Mapping
    • 3.2.1 Penetration Analysis
    • 3.2.2 Market Driver Analysis
    • 3.2.3 Market Restraint Analysis
  • 3.3 U.S. Inbound Medical Tourism Market: Business Environment Analysis Tools
    • 3.3.1 Porter's Five Forces Analysis
      • 3.3.1.1 Threat Of New Entrants: Moderate
      • 3.3.1.2 Bargaining Power Of Buyers: High
      • 3.3.1.3 Bargaining Power Of Suppliers/Service Providers: Moderate
      • 3.3.1.4 Threat Of Substitutes: Moderate
      • 3.3.1.5 Competitive Rivalry: High
    • 3.3.2 Pestel Analysis
      • 3.3.2.1 Political & Legal
      • 3.3.2.2 Economic
      • 3.3.2.3 Technological

Chapter 4 U.S. Inbound Medical Tourism Market Analysis

  • 4.1 U.S. Inbound Medical Tourism Market Estimates & Forecasts, 2015 to 2026 (USD Million)
    • 4.1.1 U.S. Inbound Medical Tourism Market, 2015 - 2026 (USD Million)
  • 4.2 Patient Preference: Qualitative Analysis
  • 4.3 U.S. Inbound Medical Tourism: Treatment
  • 4.4 Inbound Patient Traffic (2018)
  • 4.5 Regulatory & Reimbursement Scenario

Chapter 5 U.S. Inbound Medical Tourism Market: Competitive Analysis

  • 5.1 Strategic Framework
  • 5.2 Competition Categorization (Key Innovators, Market Leaders, Emerging Players)
  • 5.3 List of Few Hospitals in the U.S.
  • 5.4 Company Profiles
    • 5.4.1 CLEVELAND CLINIC
      • 5.4.1.1 Company overview
      • 5.4.1.2 Service benchmarking
      • 5.4.1.3 Strategic initiatives
    • 5.4.2 THE UNIVERSITY OF TEXAS MD ANDERSON CANCER CENTER
      • 5.4.2.1 Company overview
      • 5.4.2.2 Service benchmarking
      • 5.4.2.3 Strategic initiatives
    • 5.4.3 MAYO FOUNDATION FOR MEDICAL EDUCATION AND RESEARCH (MFMER)
      • 5.4.3.1 Company overview
      • 5.4.3.2 Service benchmarking
      • 5.4.3.3 Strategic initiatives
    • 5.4.4 THE JOHN HOPKINS HOSPITAL
      • 5.4.4.1 Company overview
      • 5.4.4.2 Service benchmarking
      • 5.4.4.3 Strategic initiatives
    • 5.4.5 TIRR MEMORIAL HERMANN
      • 5.4.5.1 Company overview
      • 5.4.5.2 Service benchmarking
      • 5.4.5.3 Strategic initiatives
    • 5.4.6 MCLEAN HOSPITAL
      • 5.4.6.1 Company overview
      • 5.4.6.2 Service benchmarking
      • 5.4.6.3 Strategic initiatives
    • 5.4.7 DANA-FARBER CANCER INSTITUTE
      • 5.4.7.1 Company overview
      • 5.4.7.2 Service benchmarking
    • 5.4.8 TEXAS MEDICAL CENTER
      • 5.4.8.1 Company overview
      • 5.4.8.2 Service benchmarking
    • 5.4.9 BAPTIST HEALTH SOUTH FLORIDA
      • 5.4.9.1 Company overview
      • 5.4.9.2 Service benchmarking
      • 5.4.9.3 strategic inititaives
    • 5.4.10 CANCER TREATMENT CENTERS OF AMERICA
      • 5.4.10.1 Company overview
      • 5.4.10.2 Service benchmarking
      • 5.4.10.3 Strategic initiatives
    • 5.4.11 HOSPITAL FOR SPECIAL SURGERY
      • 5.4.11.1 Company overview
      • 5.4.11.2 Service benchmarking
      • 5.4.11.3 strategic inititaives
    • 5.4.12 THE UNIVERSITY OF CHICAGO MEDICAL CENTER
      • 5.4.12.1 Company overview
      • 5.4.12.2 Service benchmarking
      • 5.4.12.3 strategic inititaives
    • 5.4.13 ANN & ROBERT H. LURIE CHILDREN'S HOSPITAL OF CHICAGO
      • 5.4.13.1 Company overview
      • 5.4.13.2 Service benchmarking
      • 5.4.13.3 strategic inititaives

Chapter 6 U.S. Outbound Medical Tourism Market: Executive Summary

  • 6.1 U.S. Outbound Medical Tourism Market Outlook, 2018

Chapter 7 U.S. Outbound Medical Tourism Market: Variables, Trends & Scope

  • 7.1 Market Driver Analysis
    • 7.1.1 Market Restraint Analysis
  • 7.2 U.S. Outbound Medical Tourism Market: Business Environment Analysis Tools
    • 7.2.1 Porter's Five Forces Analysis
      • 7.2.1.1 Threat Of New Entrants: High
      • 7.2.1.2 Bargaining Power Of Buyers: High
      • 7.2.1.3 Bargaining Power Of Suppliers/Sservice Providers: Moderate
      • 7.2.1.4 Threat Of Substitutes: Moderate
      • 7.2.1.5 Competitive Rivalry: High
    • 7.2.2 Pestel Analysis
      • 7.2.2.1 Political & Legal
      • 7.2.2.2 Economic
      • 7.2.2.3 Technological
  • 7.3 Penetration Analysis

Chapter 8 U.S. Outbound Medical Tourism Market Analysis

  • 8.1 U.S. Outbound Medical Tourism Market Estimates & Forecasts, 2015 to 2026 (USD Million)
    • 8.1.1 U.S. Outbound Medical Tourism Market, 2015 - 2026 (USD Million)
  • 8.2 U.S. Outbound Medical Tourism: Patient Preference
  • 8.3 Outbound Patient Traffic (2018)

Chapter 9 U.S. Outbound Medical Tourism Market: Insurance Coverage

  • 9.1 Medicare Coverage for Outbound Medical Tourism: Qualitative Analysis
    • 9.1.1 Medicare Coverage For Healthcare Services In Foreign Hospitals
    • 9.1.2 Services Covered By Medicare
    • 9.1.3 Services Not Covered By Medicare
    • 9.1.4 Medicare Supplement Insurance (Medigap)
    • 9.1.5 Medicare Health Plans Other Than Original Medicare
  • 9.2 Opportunity Analysis

Chapter 10 U.S. Outbound Medical Tourism Market: Strategic Initiatives

  • 10.1 Strategic Initiatives
  • 10.2 Partnerships & Collaborations Encouraging Outbound Medical Tourism
  • 10.3 Leading Non-U.S. Based International Hospitals Attracting U.S. Patients

List of Tables

  • TABLE 1 List of Secondary Sources
  • TABLE 2 U.S. Inbound Medical Market, 2015 - 2026 (USD Million)
  • TABLE 3 U.S. Inbound Patient Traffic, 2018
  • TABLE 4 U.S. Outbound Medical Market, 2015 - 2026 (USD Million)
  • TABLE 5 U.S. Outbound Patient Traffic, 2018

List of Figures

  • FIG. 1 Market research process
  • FIG. 2 Information procurement
  • FIG. 3 Primary research pattern
  • FIG. 4 Market research approaches
  • FIG. 5 Value chain based sizing & forecasting
  • FIG. 6 QFD modelling for market share assessment
  • FIG. 7 Market formulation & validation
  • FIG. 8 U.S. Inbound Medical Tourism Market outlook, 2018
  • FIG. 9 Market trends & outlook
  • FIG. 10 Penetration & growth prospect mapping
  • FIG. 11 Market driver relevance analysis (Current & future impact)
  • FIG. 12 Market restraint relevance analysis (Current & future impact)
  • FIG. 13 U.S. inbound medical tourism market, 2015 - 2026 (USD Million)
  • FIG. 14 U.S. inbound medical tourism: Treatment analysis - 2018 (%)
  • FIG. 15 Strategy framework
  • FIG. 16 Company/competition categorization (Key innovators, market leaders, emerging players)
  • FIG. 17 U.S. outbound medical tourism market outlook, 2018
  • FIG. 18 Market trends & outlook
  • FIG. 19 Market drivers (Current impact)
  • FIG. 20 Market driver relevance analysis (Current & future impact)
  • FIG. 21 Market restraints (Current impact)
  • FIG. 22 Market restraint relevance analysis (Current & future impact)
  • FIG. 23 U.S. outbound medical tourism market, 2015 - 2026 (USD Million)
Back to Top