Latest Trends and Opportunities in Global Medical Tourism Market
According to a new report published by Reports Monitor titled, “Global Medical Tourism Market, Growth Opportunities, Innovations and Forecast, 2017-2025,” the Medical tourism market was valued at XX million in 2016, and is projected to reach at XX million by 2025, growing at a CAGR of XX% from 2017 to 2025.
Travel across the border of own nation to avails affordable medical treatment is called as medical tourism. Developing healthcare infrastructure and availability of newest medical technologies in medical tourism places is propels the growth of the market. Widen rang of the hospitals network under insurance coverage expected to support the growth of the medical tourism market.
Increasing geriatric population and number of patient suffering from chronic disease boost the growth. Rising disposal income and health-conscious population fuels the market. Difficulties in VISA approval, documentation, traveling and language barrier are some of the factor hampers the growth of the medical tourism market.
This report provides a detailed analysis of medical tourism market, which includes current industry situations such as market size, growth and demands, market outlook, major players with their key strategies such as investment, mergers and acquisitions, value chain analysis and swot analysis. It covers the market canvas and the growth opportunities in the coming years. The report has been made with an in-depth analysis along with important inputs from the various industry experts. The research is carried out with both extensive primary and secondary data sources with bottom-up and top-down approaches.
Segmentation of medical tourism is majorly focused on treatment type. Based on treatment type the market is segmented into cardiovascular treatment, orthopedic treatment, neurological treatment, cancer treatment, fertility treatment, dental treatment, cosmetic treatment and others.
Global Medical tourism market is majorly analyzed across: North America, Europe, Asia Pacific and LAMEA (Latin America, Middle East and Africa). Presence of cost effective medical treatment, technological developed equipment, governmental support for the medical tourism industry and availability of high profiled doctors are driving growth of the market in Asia-Pacific region.
Major vendors operating in the global medical tourism market are: Fortis Healthcare Ltd., Apollo Hospitals Enterprise Limited, Asian Heart Institute and Research Centre Private Limited, KPJ Healthcare Berhad, NTT Medical Center Tokyo, Seoul National University Hospital, Infectious Diseases Partners Pte. Ltd., Aditya Birla Memorial Hospital, Barbados Fertility Centre, Prince Court Medical Centre, and Samitivej Public Company Limited.
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