Global Medical Tourism Markets 2021-2026

Dublin, September 22, 2021 (GLOBE NEWSWIRE) – The report “Medical Tourism Market – Global Outlook and Forecasts 2021-2026” has been added to ResearchAndMarkets.com offer.

Experts predict that the medical tourism market by revenue is expected to grow at 29.29% CAGR during the period 2021-2026.

The study examines the current scenario of the medical tourism market and its market dynamics for the period 2020-2026. It covers a detailed overview of several catalysts, restraints and trends for market growth. The report presents both demand and supply aspects of the market. It profiles and reviews the top companies and other leading companies operating in the market.

The growth of the medical tourism industry has resulted in an increase in the number of patients traveling from their home countries to other countries abroad to receive health care. Most medical tourists traveling from developed to developing countries are motivated by the low cost of healthcare and reducing wait times or services that are not available in their home country. The APAC region strongly dominates the global medical tourism market, with a significant revenue share of 46.00% in 2020.

Advertising plays a major role in attracting customers. Like many other private industries, the medical tourism industry also needs exposure in advertising. Advertising on websites has now become the most common source of information for medical travelers. Having more accredited hospitals will further strengthen a country’s position on the world stage. The enormous growth in medical tourism is characterized by the simultaneous development of JCI accredited health centers.

The medical tourism market is highly fragmented, with many players offering healthcare services to patients seeking treatment abroad. More and more healthcare providers are entering the medical tourism industry and governments are preparing to promote their countries and their healthcare systems.

Branding and recognition of medical tourism businesses will be critical to supplier success. Most of the vast network of hospitals and huge healthcare facilities engage in mergers and acquisitions to strengthen their market position. Several partnerships are also leading to a rise in health innovations by health tourism companies.

MARKET SHARES & SEGMENTS

Cosmetic surgery accounted for 18.15% of the global medical tourism market share in 2020. Medical tourism is growing globally, with patients seeking cosmetic surgery in countries abroad.

Cardiovascular surgeries abroad are increasingly in demand with rising obesity rates and rising healthcare costs. The global cardiac surgery market will grow at a CAGR of 29.40% during the forecast period.

About 5 to 6 million Americans travel to several countries in Europe and Asia each year for orthopedic procedures.

Women from countries such as the US and UK can travel for IVF treatment and medication to save money. Some countries, such as the United States, Canada, Greece, Ukraine, and Russia, are popular destinations for surrogacy abroad. The global fertility treatment medical tourism market is expected to reach $ 20.55 billion by 2026.

Organ transplantation is developing rapidly, embracing new techniques and new destinations. The global organ transplant market is expected to reach $ 14.85 billion by 2026.

HIGHLIGHTS

  • More than forty countries in Asia, America, Africa and Eastern Europe each year serve millions of health tourists for cosmetic surgery, cardiac surgery, dentistry, orthopedic surgery, etc.
  • The integration of information and communication technologies in the healthcare market greatly shapes medical tourism by overcoming various challenges.
  • Medical brokerage firms such as Plant Hospital, Global Choice HealthCare, Med Journeys, and MedRetreat have emerged as some of the potential leaders in medical travel planners.
  • With the rapid growth of the private sectors, medical tourism is developing rapidly, especially in the countries of Southeast Asia.

Main topics covered:

1 Research methodology

2 Research objectives

3 Research process

4 Scope and coverage
4.1 Market definition
4.2 Reference year
4.3 Scope of the study

5 Hypotheses and caveats in the report
5.1 Key caveats
5.2 Currency conversion
5.3 Market derivation

6 Market overview

7 Presentation
7.1 Overview

8 Market opportunities and trends
8.1 Growing Presence of Medical Travel Facilitators
8.2 Emergence of online medical tourism start-ups
8.3 Investments and joint ventures fueling medical tourism

9 market growth catalysts
9.1 Availability of low-cost treatment options
9.2 Growing arrival of medical tourists
9.3 Advertising and marketing campaigns to promote medical tourism
9.4 Increase in the number of approved medical establishments

10 market restrictions
10.1 Difficulties associated with follow-up patient care
10.2 Medical and ethical concerns regarding medical tourism
10.3 Poor quality health services

11 Market landscape
11.1 Market overview
11.2 Market Size and Forecast
11.3 Impact of COVID-19 on medical tourism
11.4 Analysis of the five forces

12 Type of specialty
12.1 Market Overview and Growth Driver
12.2 Market overview

13 Cosmetic surgery
13.1 Market overview
13.2 Market Size and Forecast
13.3 Cosmetic surgery: Geographical segmentation
13.4 Cosmetic surgery: type of treatment

14 Cardiac surgery
14.1 Market overview
14.2 Market Size and Forecast
14.3 Cardiac surgery: geographic segmentation
14.4 Cardiac surgery: type of treatment

15 Orthopedic treatment
15.1 Market overview
15.2 Market Size and Forecast
15.3 Orthopedic treatment: Geographic segmentation
15.4 Orthopedic treatment: Type of treatment

16 Dentistry
16.1 Market overview
16.2 Market Size and Forecast
16.3 Dentistry: Geographic segmentation

17 Fertility treatment
17.1 Market overview
17.2 Market Size and Forecast
17.3 Fertility treatment: geographic segmentation

18 Organ transplantation
18.1 Market overview
18.2 Market Size and Forecast
18.3 Organ transplantation: geographic segmentation
18.4 Organ transplantation: type of treatment

19 others
19.1 Market overview
19.2 Market Size and Forecast
19.3 Others: Geographic segmentation

20 Geography
20.1 Market Overview and Growth Driver
20.2 Geographic overview

Leading suppliers

  • Acibadem Health Group
  • Aditya Birla Health Services
  • American Hospital in Dubai
  • Anadolu Medical Center
  • Apollo Hospitals Enterprise Ltd
  • Asian Heart Institute
  • Asklepios Kliniken GmbH & Co. KGaA
  • Bangkok Hospital
  • Barbados Fertility Center
  • Bumrungrad International Hospital
  • Changi General Hospital
  • Christus Muguerza
  • Clémenceau Medical Center
  • Clinica Biblica Hospital
  • Dubai Hospital
  • Fortis Health
  • Gleneagles Global Hospitals
  • Florence Nightingale Hastaneleri Group
  • Health point
  • HCor
  • Israelita Albert Einstein Hospital
  • Samaritan Hospital
  • Modern Dubai International Hospital
  • Kent Hospital
  • King Hussein Cancer Center
  • Klinikum medical link
  • KPJ Healthcare Berhad
  • Loewenstein Hospital
  • Max Health
  • Medanta The Medicine
  • Memorial Hospitals Group
  • Min-Sheng General Hospital
  • Mount Elizabeth Hospital
  • Na Homolce Hospital
  • National university health system
  • Nippon Telegraph and Telephone East Corporation
  • Prince Court Medical Center
  • Raffles Medical Group
  • Samitivej PCL
  • Seoul National University Hospital
  • Separation hospital
  • Shroff Eye Hospital
  • SingHealth Group
  • Specialized hospital
  • Spire Healthcare Group plc
  • Saint-Luc medical center
  • Taipei University Medical Hospital
  • Tan Tock Seng Hospital
  • Johns Hopkins Hospital
  • University of Texas MD Anderson Cancer Center
  • UZ Leuven
  • Wockhardt hospitals
  • Zulekha Health

For more information on this report, visit https://www.researchandmarkets.com/r/nkdxuf


        


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