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Analysis of Medical Tourism Market 2019-2024: Industry Trends, Share, Size, Price, Revenue, Business Strategy, Production Technology Forecast to 2024

Medical

The “Medical Tourism Market” research report 2019-2024 delivers comprehensive information and valuable insights about the Medical Tourism industry. The information available in the Medical Tourism market report is not only based on the facts but also on the case studies, which analysts have included to convey appropriate information to the clients in a well-versed manner. Medical Tourism market report includes valuable information to assist new entrants, as well as established players, to understand the prevailing trends in the market.

Some Companies Are Covered in the Medical Tourism Market:

  • Medretreat
  • Healthbase
  • Apollo Hospitals
  • KPJ Healthcare Behard
  • Klinikum Medical Link
  • Euromedical Tours
  • BB Health Solutions
  • Cosmedic Travel

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    Market Overview:

  • The global medical tourism market was valued at USD 16,761 million in 2018, and it is expected to reach USD 27,247.6 million by 2024, while registering a CAGR of 8.5% during the forecast period, 2019-2023. The factors associated with the growth of the market include higher treatment cost in developed countries, availability of the latest medical technologies, growing compliance on international quality standards, high quality of service, health insurance portability, and advertising and marketing of the medical tourism.
  • The cost of undergoing medical treatment in a developed country is very high. It is estimated that although the treatments are of reliable quality, the procedures tend to be on the expensive side. Along with this, the major healthcare products are also quite extravagantly priced. This scenario places a big burden on the healthcare systems, worldwide, accompanied by the additional rising costs of litigation during recent times. Healthcare practitioners need to be aware of both the direct and indirect costs and consider how the implementation of prevention protocols may offer cost savings in the longer term. People in developed countries cannot afford the huge expenditure associated with medical treatments. Not all medical bills are covered by insurance companies, which makes the patients turn to countries abroad. Countries in Asia, the Middle East, and South America provide high-quality medical services at a much lower rate, as compared to the developed economies. There are companies that cater to all the medical and non-medical needs of the tourist during their travel.

    Scope of the Report:

  • As per the , medical tourism is an improvement of the healthcare system, which provides quality medical care to people seeking treatment. Patients travel to other countries for obtaining good medical treatment.

    Reasons for Buying Medical Tourism Market Report:

    • This report provides pin-point analysis for changing competitive dynamics
    • It provides a forward looking perspective on different factors driving or restraining market growth
    • It provides a five-year forecast assessed on the basis of how the market is predicted to grow
    • It helps in understanding the key product segments and their future
    • It provides pin point analysis of changing competition dynamics and keeps you ahead of competitors
    • It helps in making informed business decisions by having complete insights of market and by making in-depth analysis of market segments

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    Key Market Trends:

    Fertility Treatments Segment Expected to Have Highest CAGR

    The fertility treatments segment of the medical tourism market is believed to show the fastest growth over the forecast period. The segment is expected to record a CAGR of 9.7% over the forecast period. Fertility treatment is one of the most common treatments for which medical tourists elect to travel across international borders. Fertility tourism or reproductive tourism is one of the fastest-growing areas.

    About 20,000 to 25,000 couples annually seek assisted reproductive technology services abroad. An estimated 4.0% of European Union citizens receive treatment in other countries. Fertility treatment procedures are regulated in most European countries.

    Asia-Pacific Currently Dominates the Market

    The Asia-Pacific region currently dominates the medical tourism market and it is expected to continue its stronghold for a few more years. This region is expected to increase its market share in the future, owing to the raised preference of medical tourism across the developing countries of this region. China holds the majority of the market in the Asia-Pacific region. This is due to the lower cost of the treatment in China and the better healthcare services provided.

    Medical Tourism Market Report Provides Comprehensive Analysis of:

    • Functional market industry outline
    • Up and downstream industry examination
    • Channels and propositions believability
    • Market challenge by key players
    • Enhancement suggestions examination

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    Report Highlights:

    • Market Dynamics – Drivers, Restraints, and Opportunities
    • Market Segmentation – Types, Applications, Regions, and Technology
    • Market Trends
    • Competitive Landscape
    • SWOT Analysis and Porter’s Five Forces Analysis

    Detailed TOC of Medical Tourism Market Report 2019-2024:

    1 INTRODUCTION
    1.1 Study Deliverables
    1.2 Study Assumptions
    1.3 Scope of the Study

    2 RESEARCH METHODOLOGY

    3 EXECUTIVE SUMMARY

    4 MARKET DYNAMICS
    4.1 Market Overview
    4.2 Market Drivers
    4.2.1 High Treatment Cost in Developed Countries
    4.2.2 Availability of Latest Medical Technologies
    4.2.3 Growing Compliance on International Quality Standards
    4.2.4 High Quality of Service
    4.2.5 Health Insurance Portability
    4.2.6 Advertising and Marketing
    4.3 Market Restraints
    4.3.1 Ethical Concerns
    4.3.2 Epidemic Outbreaks
    4.3.3 Issues with Patient Follow Up and Post-procedure Complications
    4.3.4 Medical Record Transfer Issues
    4.4 Industry Attractiveness of Porter’s Five Forces Analysis

    5 MARKET SEGMENTATION
    5.1 By Treatment Type
    5.1.1 Cosmetic Treatment
    5.1.2 Dental Treatment
    5.1.3 Cardiovascular Treatment
    5.1.4 Orthopedics Treatment
    5.1.5 Bariatric Surgery
    5.1.6 Fertility Treatment
    5.1.7 Ophthalmic Treatment
    5.1.8 Other Treatments
    5.2 Geography
    5.2.1 North America
    5.2.1.1 United States
    5.2.1.2 Canada
    5.2.1.3 Mexico
    5.2.2 Europe
    5.2.2.1 France
    5.2.2.2 Germany
    5.2.2.3 United Kingdom
    5.2.2.4 Italy
    5.2.2.5 Spain
    5.2.2.6 Rest of Europe
    5.2.3 Asia-Pacific
    5.2.3.1 China
    5.2.3.2 Japan
    5.2.3.3 India
    5.2.3.4 Australia
    5.2.3.5 South Korea
    5.2.3.6 Rest of Asia-Pacific
    5.2.4 Middle East & Africa
    5.2.4.1 GCC
    5.2.4.2 South Africa
    5.2.4.3 Rest of Middle East & Africa
    5.2.5 South America
    5.2.5.1 Brazil
    5.2.5.2 Argentina
    5.2.5.3 Rest of South America

    6 COMPETITIVE LANDSCAPE
    6.1 Company Profiles
    6.1.1 Medretreat
    6.1.2 Healthbase
    6.1.3 Apollo Hospitals
    6.1.4 KPJ Healthcare Behard
    6.1.5 Klinikum Medical Link
    6.1.6 Euromedical Tours
    6.1.7 BB Health Solutions
    6.1.8 Cosmedic Travel

    7 MARKET OPPORTUNITIES AND FUTURE TRENDS

     

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