Global Medical Tourism Market Segmentation Analysis Report 2021-2026 | Global Medical Tourism Industry Analysis on Size, Share, Growth, Trends, Demand, Competitive Analysis, and Forecast Report 2021-2026

Published: September 2020  |  Report ID:1018  | Pages: 150

 Global Medical Tourism Market Research Insights:

Global Medical Tourism Market size was valued USD 53,780 million in 2019, and it is expected to reach at USD 143,470 million by the end of 2026, with growth at a CAGR of 13% from the forecast period 2021-2026.

Medical tourism can be defined as the process of receiving medical care by travelling outside the country residence. In other terms, it is defined as the travel of patient from less-developed countries to developed nations in pursuit of the treatment which are not available in their homeland. Now a days peoples are travelling from developed countries to developing countries for the lower-priced medical treatments.

The medical tourism has experiencing rapid growth over the past decade. In 2006, around 150,000 U.S. citizen has undergo abroad for medical treatment, where the majority in Asia and Latin America. From Ancient Greek and Egyptians, peoples are travelling for medical treatments who flocked to hot springs, bath, spas and remote retreats hoping to cure ailments like tuberculosis.

What is driving the popularity of Medical Tourism?

Medical tourism is set to grow as the cost of healthcare in developed countries like the US, soar. In fact many companies are offering health insurance policies to their employees, and insurance companies feel medical tourism is a great way to lower costs.

Many countries are popular for medical tourism having doctors, specialist, and nurse. In fact they conserve fluent English and work in accordance with the establishment to international standards in diagnostics and treatment.

Growth and Impact of Medical Tourism on Hospitality Tourism:

  • The privatization of the medical Industry
  • Globalization and improved communication Technology
  • Entrepreneurial government support
  • Limitations of the Insurance Package
  • Timely treatment and to avoid long waiting lists at home
  • Aging of the population globally
  • Guarantee privacy and confidentiality
  • Procedures that are not available
  • Geographical and cultural proximity
  • Medical specializations, reputation and portability

Popular Procedures for Medical Tourism

  • Cosmetic Surgery & Plastic Surgeons
  • Dentists & Oral Surgeon
  • Bariatric / Weight loss Specialists
  • Orthopedic Surgery
  • Heart Surgery
  • Ophthalmology, Ocular & Refractive

Impact of Medical Tourism:

Medical Tourism can Influence on Social Media, Financial, Industrial, Environment, Business and hospitality sectors in an economy. It’s impact on global healthcare can leads to:

  • Innovation in healthcare solution
  • Enhancements in healthcare solutions
  • Enhancements in the number of healthcare professional
  • Increased international standards in healthcare solutions
  • Emergence of supporting healthcare infrastructure like medical hotel

Types of Medical Tourism

Medical tourism is an act of travelling in and around the country for the sake of medical treatment or medical care. Modern medical tourism is also called as health tourism. Medical tourism is mainly catagorised into two. They are:

International Medical Tourism

  • Inbound Medical Tourism
  • Outbound Medical Tourism

Domestic Medical Tourism

Importance and benefits of Medical Tourism:

Medical Tourism has plays an important role in the Tourism sector. Every year number of peoples are travelling around the world for medical treatment. Medical tourism has plays a major role for the development of economy and living standards of the human civilization. Importance and benefits of medical tourism are as follows:

  • Creates more healthcare jobs.
  • Creates mare healthcare facilities.
  • Hugely beneficial for economic development.
  • Participating in Global Healthcare
  • Give access to the latest technology in the medical sectors.
  • Improvement of quality of life.
  • Generate foreign revenues.
  • Better knowledge exchange.
  • Social Benefits.
  • Political Benefits.
  • Economical Benefits.

Growth and Impact of Medical Tourism on Hospitality Tourism:

  • The privatization of the medical Industry
  • Globalization and improved communication Technology
  • Entrepreneurial government support
  • Limitations of the Insurance Package
  • Timely treatment and to avoid long waiting lists at home
  • Aging of the population globally
  • Guarantee privacy and confidentiality
  • Procedures that are not available
  • Geographical and cultural proximity
  • Medical specializations, reputation and portability

Global Medical Tourism Market: Segmentation:

The Global Medical Tourism Market is segmented by Geographically into North America (the United States, and Canada), Europe (Germany, Italy, France, Paris, United Kingdom, Spain, and rest of the European countries), Asia Pacific (India, China, Japan, Korean countries, Australia, Singapore, Malaysia, Hong Kong, and rest of the Asia Pacific regions), Latin America ( Mexico, Argentina, and Brazil), and the Middle East and Africa ( Kingdom of Saudi Arabia, UAE, Qatar, Lebanon, South Africa, and Rest of the Middle East and African Countries).

By Treatment Type:

  • Dental Treatment
  • Orthopedic Treatment
  • Cosmetic Treatment
  • Fertility Treatment
  • Neurological Treatment
  • Cancer Treatment
  • Cardiovascular Treatment
  • Other Treatment

Popular Procedures for Medical Tourism

  • Cosmetic Surgery & Plastic Surgeons
  • Dentists & Oral Surgeon
  • Bariatric / Weight loss Specialists
  • Orthopedic Surgery
  • Heart Surgery
  • Ophthalmology, Ocular & Refractive

Global Medical Tourism Market: Regional Insights:

In 2018, Asia Pacific market revenue is at USD 4.8 billion. Developing Countries such as India, Thailand, and Malaysia are increasing Medical tourism because of availability of advanced medical treatments at significant costs compared to developed regions. In the future, many government are taking initiations for the medical travel in their regional growth.

In India, market size for Medical Tourism is more for Orthopedic Surgery. Majority of people will travels towards India for Orthopedic Surgery. From 2019 to 2020, the Cardiovascular Surgery segment will increases to 7.0%. According to the estimates, in 2017 about 90 million people in U.S. were diagnosed wit Cardiovascular Disease (CVD).

Global Medical Tourism Market: Major Key Players listed

Data Research Reports study provides an extensive analysis on competitive analysis and key profiles listed in the global market. The major key players listed in this report, such as Apollo Hospitals Enterprise Limited; Fortis Healthcare Limited; Asian Heart Institute; KPJ Healthcare Berhad; NTT Medical Center Tokyo; Seoul National University Hospital, UZ Leuven, Wooridul Spine Hospital, Aditya Birla.

Impact of Medical Tourism:

Medical Tourism can Influence on Social Media, Financial, Industrial, Environment, Business and hospitality sectors in an economy. It’s impact on global healthcare can leads to:

  • Innovation in healthcare solution
  • Enhancements in healthcare solutions
  • Enhancements in the number of healthcare professional
  • Increased international standards in healthcare solutions
  • Emergence of supporting healthcare infrastructure like medical hotel

1. Preface

                1.1 Market Definition and Scope

                1.2 Base Currency, Base Year and Forecast Periods

                1.3 Key Research Objectives

                1.4 Research Highlights

2. General Study Assumptions

3. Research Methodology

                3.1 Introduction

                3.2 Secondary Research

                3.3 Primary Research

                3.4 Analysis Design

                3.5 Study Timeline

4. Market Dynamics

                4.1 Drivers

                4.2 Restraints

                4.3 Opportunities

                4.4 Market Trends

5. Supply Chain Analysis

6. Company Strategy Analysis

                6.1 Merger and Acquisition Analysis

                6.2 Agreements, Collaborations and Joint Ventures

                6.3 Regional Presence

                6.4 New Product Launches

7. Market Outlook

                7.1 Technological Advancement

                7.2 Pricing Analysis

                7.3 Epidemiology

                7.4 Product Landscape Analysis (Brand Tracking Analysis & Pipeline Analysis)

8. Market Segmentation

                8.1 Overview

                8.2 Global Medical Tourism Market, By Treatment Type, forecast year 2021-2026

                                8.2.1 Dental Treatment

                                8.2.2 Orthopedic Treatment

                                8.2.3 Cosmetic Treatment

                                8.2.4 Fertility Treatment

                                8.2.5 Neurological Treatment

                                8.2.6 Cancer Treatment

                                8.2.7 Cardiovascular Treatment

                                8.2.8 Other Treatment

                                8.2.9 Market Size Estimations & Forecasts (2021-2026)

                                8.3.10 Y-o-Y Growth Analysis

                                8.3.11 Market Investment Opportunities Analysis

9. Global Market Regional and Country Analysis, Forecast 2021-2026

                9.1 Overview

                9.2 Regional Trends

                9.3 Impact Analysis

                9.4 Key Findings

                9.5 Global Medical Tourism Market,  by Region, 2021-2026

                                9.5.1 By Treatment Type

10. Competitive Landscape Analysis

                10.1 Market Player

                                10.1.1 Company Revenue

                                10.1.2 Business unit

                                10.1.3 Product Mapping

                                10.1.4 Geographical Locations

                10.2 Company Share Analysis

11. Strategic Analysis

                11.1 PESTLE analysis

                11.2 Porter’s Five analysis

                                11.2.1 Bargaining Power of Suppliers

                                11.2.2 Bargaining Power of Consumers

                                11.2.3 Threat of New Entrants

                                11.2.4 Threat of Substitute Products and Services

                                11.2.5 Competitive Rivalry within the Industry

12. Company Profiles

                12.1 Apollo Hospitals Enterprise Limited

                                12.1.1 Overview

                                12.1.2 Product Portfolio

                                12.1.3 Financial Details

                                12.1.4 SWOT Analysis

                                12.1.5 Market Strategies

                12.2 Fortis Healthcare Limited

                12.3 Asian Heart Institute

                12.4 KPJ Healthcare Berhad

                12.5 NTT Medical Center Tokyo

                12.6 Seoul National University Hospital

                12.7 UZ Leuven

                12.8 Wooridul Spine Hospital

                12.9 Aditya Birla

13. Market Guidance

14. Appendix