Market Research Report
Global Medical Tourism Market 2019-2025
|Published by||Orion Market Research Pvt Ltd||Product code||888705|
Delivery time: 2-3 business days
|Global Medical Tourism Market 2019-2025|
|Published: July 2, 2019||Content info:||
Global Medical Tourism Market Size, Share & Trends Analysis Report by Treatment Type (Cosmetic Treatment, Dental Treatment, Cardiovascular Treatment, Orthopedics Treatment, Bariatric Surgery, Ophthalmic Treatment, and Others) and Forecasts, 2019 - 2025
Movement of patients across borders with the intention to seek medical treatment is termed as medical tourism. The global medical tourism market is expected to witness significant growth over the forecast period 2019-2025. Major factors augmenting the market growth are the availability of better healthcare, the latest technologies, innovative medicines, modern devices, better hospitality, and personalized care. Moreover, inadequate insurance benefits and increasing demand for procedures that are not covered by insurance such as gender reassignment surgeries, fertility treatment, dental reconstruction, and cosmetic surgery are further prevailing the market growth.
Most of the cosmetic surgeries are considered as elective and therefore not covered under medical insurance. As these surgeries are paid out of the patient's pocket, lower costs of such surgeries in other countries increase the appeal for foreign patients; thereby, driving the growth of the medical tourism market. The global medical tourism market is segmented on the basis of treatment type into cosmetic treatment, dental treatment, cardiovascular treatment, orthopedics treatment, bariatric surgery, ophthalmic treatment, and others. Cosmetic and bariatric surgeries are the most opted surgeries by foreign patients in Thailand.
Medical tourism is a fast-growing industry, with an increasing number of patients seeking affordable or specialized treatment outside their home countries. Geographically, the report analyzes the market into North America, Europe, Asia-Pacific, and Rest of the World. Asia-Pacific is expected to lead the tourism market across the globe for medical tourism and has developed a niche for affordable and high-quality healthcare, particularly in markets such as Thailand, India, and Singapore. These countries account for nearly 90% of medical tourism in Asia as per the Healthcare Information and Management Systems Society (HIMSS).
Further, the study of the global medical tourism market report covers the analysis of major hospitals that provide medical tourism across the globe. Some of the hospital chains studied in the report include Asklepios Kliniken GmbH & Co. KGaA (Germany), Prince Court Medical Center (Malaysia), Lowenstein Hospital (Israel), Clemenceau Medical Center (Lebanon), Fortis Hospital (Bangalore), Bumrungrad International (Thailand), Bangkok Hospital Medical Center (Thailand), and Asian Heart Institute (India), among others. All these hospitals provide high-quality medical treatment and care for medical travelers with advanced technologies.
The market study of the global medical tourism market is incorporated by extensive primary and secondary research conducted by a research team at OMR. Secondary research has been conducted to refine the available data to break down the market in various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior and macroeconomic factors. Numbers extracted from Secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings the authenticity of our reports.
The report is intended for market research firms, investment companies, healthcare providers, government societies for overall market analysis and competitive analysis. The report will serve as a source for 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions.
ASIA-PACIFIC MEDICAL TOURISM MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2018-2025 ($ MILLION)