Market Overview:
The global healthcare tourism market is expected to grow at a CAGR of 10.8% from 2018 to 2030. The market growth is attributed to the increasing number of medical tourists, rising disposable income, and technological advancements in the medical tourism sector. By type, the spa tourism segment is expected to lead the global healthcare tourism market during the forecast period owing to its growing popularity among leisure tourists. By application, cardio internal medicine is projected to be one of the fastest-growing segments during the forecast period owing to an increase in cardiac problems across different regions.
Product Definition:
Healthcare tourism is the term given to the rapidly growing industry of people travelling for medical treatment and health services. The industry is worth an estimated 0 billion and is expected to grow by 20% every year. There are many reasons why people travel for healthcare, including the lower cost of treatment, shorter waiting times and better quality of care. Healthcare tourism is important because it helps to improve access to medical care for all populations, including those who cannot afford or do not have access to quality healthcare services in their home country.
Spa Tourism:
Spa tourism is a form of recreational travel that includes visits to wellness resorts for relaxation and rejuvenation. It is also known as health or wellness tourism, spa travel, or balneario (Spanish for bath resort). Spa tourists are anticipated to increase in number over the forecast period owing to rising awareness regarding health & fitness and changing lifestyles along with increasing disposable income levels.
Leisure Tourism:
The global leisure tourism and it's usage in healthcare tourism market size was valued at USD 4,56,847.1 million in 2016. It is expected to grow at a CAGR of XX% over the forecast period. The rise in the number of people traveling abroad for medical reasons along with increasing disposable income levels is anticipated to drive growth during the forecast period.
Application Insights:
The cardio internal medicine segment dominated the market in 2017 and is expected to continue its dominance over the forecast period. This can be attributed to factors such as increasing geriatric population, rising awareness regarding preventive healthcare, and growing preference for a healthy lifestyle among individuals across the globe. In addition, an increase in cardiovascular diseases due to unhealthy dietary habits and lack of physical exercise will boost segment growth during the forecast period.
Oncology is also expected to witness significant growth during the same period owing to factors such as an increase in cancer cases globally coupled with advancements made in treatment methods over recent years. For instance, while chemotherapy or radiation therapy used to be considered first line treatments for various types of cancers including breast cancer, this has now been superseded by targeted therapies which have fewer side effects compared their predecessors. These aforementioned factors are likely drive revenue generation from oncology segments over next few years.
Regional Analysis:
North America dominated the global market in 2017. The presence of sophisticated healthcare infrastructure, high disposable income, and favorable government policies are some of the major factors contributing to its growth. In addition, an increase in chronic diseases burden is expected to drive demand for medical tourism in this region. According to a study conducted by CDC’s National Center for Health Statistics (NCHS), from 2013 to 2016 around 29 million people visited U.
Asia Pacific is expected witness lucrative growth over the forecast period owing to rising healthcare expenditure coupled with increasing prevalence of chronic diseases such as cancer, cardiac disorders, diabetes etc.
Growth Factors:
- Increasing demand for quality healthcare services: The global population is aging and the demand for quality healthcare services is increasing. This is providing opportunities for the growth of the healthcare tourism market.
- Rising number of medical tourists: The number of medical tourists is rising due to the increase in awareness about the benefits of medical tourism and improving infrastructure facilities in countries offering affordable healthcare services.
- Availability of advanced treatment options: Healthcare providers are offering advanced treatment options, such as robotic surgery, which are attracting more medical tourists.
- Growing popularity of wellness tourism: Wellness tourism is becoming popular among people who want to combine their holiday with a health check-up or treatment session at a reputed hospital or clinic abroad. This is contributing to the growth of the healthcare tourism market.
Scope Of The Report
Report Attributes
Report Details
Report Title
Healthcare Tourism Market Research Report
By Type
Spa Tourism, Leisure Tourism, Hot Spring Tourism, Forest Tourism, Sports Health Tourism, Other
By Application
Cardio Internal Medicine, Cardiothoracic Surgery, Oncology, Fertility Treatments, Orthopedic Treatment, Other
By Companies
Pantai Holdings Berhad, KPJ Healthcare Berhad, Dentalpro, Prince Court Medical Centre, Island Hospital, IJN Health Institute, Mahkota Medical Centre, Sunway Medical Centre, LohGuanLye Specialists Centre, Tropicana Medical Centre
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
222
Number of Tables & Figures
156
Customization Available
Yes, the report can be customized as per your need.
Global Healthcare Tourism Market Report Segments:
The global Healthcare Tourism market is segmented on the basis of:
Types
Spa Tourism, Leisure Tourism, Hot Spring Tourism, Forest Tourism, Sports Health Tourism, Other
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Cardio Internal Medicine, Cardiothoracic Surgery, Oncology, Fertility Treatments, Orthopedic Treatment, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Pantai Holdings Berhad
- KPJ Healthcare Berhad
- Dentalpro
- Prince Court Medical Centre
- Island Hospital
- IJN Health Institute
- Mahkota Medical Centre
- Sunway Medical Centre
- LohGuanLye Specialists Centre
- Tropicana Medical Centre
Highlights of The Healthcare Tourism Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Spa Tourism
- Leisure Tourism
- Hot Spring Tourism
- Forest Tourism
- Sports Health Tourism
- Other
- By Application:
- Cardio Internal Medicine
- Cardiothoracic Surgery
- Oncology
- Fertility Treatments
- Orthopedic Treatment
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Healthcare Tourism Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Healthcare tourism is a type of tourism that focuses on health-related activities and attractions. Healthcare tourists may visit hospitals, clinics, or other medical facilities to receive care or to see specific treatments available. Some healthcare tourists also travel to learn about new medical technologies or treatments.
Some of the major companies in the healthcare tourism market are Pantai Holdings Berhad, KPJ Healthcare Berhad, Dentalpro, Prince Court Medical Centre, Island Hospital, IJN Health Institute, Mahkota Medical Centre, Sunway Medical Centre, LohGuanLye Specialists Centre, Tropicana Medical Centre.
The healthcare tourism market is expected to grow at a compound annual growth rate of 10.8%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Healthcare Tourism Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Healthcare Tourism Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Healthcare Tourism Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Healthcare Tourism Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Healthcare Tourism Market Size & Forecast, 2018-2028
4.5.1 Healthcare Tourism Market Size and Y-o-Y Growth
4.5.2 Healthcare Tourism Market Absolute $ Opportunity
Chapter 5 Global Healthcare Tourism Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Healthcare Tourism Market Size Forecast by Type
5.2.1 Spa Tourism
5.2.2 Leisure Tourism
5.2.3 Hot Spring Tourism
5.2.4 Forest Tourism
5.2.5 Sports Health Tourism
5.2.6 Other
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Healthcare Tourism Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Healthcare Tourism Market Size Forecast by Applications
6.2.1 Cardio Internal Medicine
6.2.2 Cardiothoracic Surgery
6.2.3 Oncology
6.2.4 Fertility Treatments
6.2.5 Orthopedic Treatment
6.2.6 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Healthcare Tourism Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Healthcare Tourism Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Healthcare Tourism Analysis and Forecast
9.1 Introduction
9.2 North America Healthcare Tourism Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Healthcare Tourism Market Size Forecast by Type
9.6.1 Spa Tourism
9.6.2 Leisure Tourism
9.6.3 Hot Spring Tourism
9.6.4 Forest Tourism
9.6.5 Sports Health Tourism
9.6.6 Other
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Healthcare Tourism Market Size Forecast by Applications
9.10.1 Cardio Internal Medicine
9.10.2 Cardiothoracic Surgery
9.10.3 Oncology
9.10.4 Fertility Treatments
9.10.5 Orthopedic Treatment
9.10.6 Other
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Healthcare Tourism Analysis and Forecast
10.1 Introduction
10.2 Europe Healthcare Tourism Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Healthcare Tourism Market Size Forecast by Type
10.6.1 Spa Tourism
10.6.2 Leisure Tourism
10.6.3 Hot Spring Tourism
10.6.4 Forest Tourism
10.6.5 Sports Health Tourism
10.6.6 Other
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Healthcare Tourism Market Size Forecast by Applications
10.10.1 Cardio Internal Medicine
10.10.2 Cardiothoracic Surgery
10.10.3 Oncology
10.10.4 Fertility Treatments
10.10.5 Orthopedic Treatment
10.10.6 Other
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Healthcare Tourism Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Healthcare Tourism Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Healthcare Tourism Market Size Forecast by Type
11.6.1 Spa Tourism
11.6.2 Leisure Tourism
11.6.3 Hot Spring Tourism
11.6.4 Forest Tourism
11.6.5 Sports Health Tourism
11.6.6 Other
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Healthcare Tourism Market Size Forecast by Applications
11.10.1 Cardio Internal Medicine
11.10.2 Cardiothoracic Surgery
11.10.3 Oncology
11.10.4 Fertility Treatments
11.10.5 Orthopedic Treatment
11.10.6 Other
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Healthcare Tourism Analysis and Forecast
12.1 Introduction
12.2 Latin America Healthcare Tourism Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Healthcare Tourism Market Size Forecast by Type
12.6.1 Spa Tourism
12.6.2 Leisure Tourism
12.6.3 Hot Spring Tourism
12.6.4 Forest Tourism
12.6.5 Sports Health Tourism
12.6.6 Other
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Healthcare Tourism Market Size Forecast by Applications
12.10.1 Cardio Internal Medicine
12.10.2 Cardiothoracic Surgery
12.10.3 Oncology
12.10.4 Fertility Treatments
12.10.5 Orthopedic Treatment
12.10.6 Other
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Healthcare Tourism Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Healthcare Tourism Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Healthcare Tourism Market Size Forecast by Type
13.6.1 Spa Tourism
13.6.2 Leisure Tourism
13.6.3 Hot Spring Tourism
13.6.4 Forest Tourism
13.6.5 Sports Health Tourism
13.6.6 Other
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Healthcare Tourism Market Size Forecast by Applications
13.10.1 Cardio Internal Medicine
13.10.2 Cardiothoracic Surgery
13.10.3 Oncology
13.10.4 Fertility Treatments
13.10.5 Orthopedic Treatment
13.10.6 Other
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Healthcare Tourism Market: Competitive Dashboard
14.2 Global Healthcare Tourism Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Pantai Holdings Berhad
14.3.2 KPJ Healthcare Berhad
14.3.3 Dentalpro
14.3.4 Prince Court Medical Centre
14.3.5 Island Hospital
14.3.6 IJN Health Institute
14.3.7 Mahkota Medical Centre
14.3.8 Sunway Medical Centre
14.3.9 LohGuanLye Specialists Centre
14.3.10 Tropicana Medical Centre
