Market Overview:
The global medical tourism market is expected to grow at a CAGR of XX% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing number of medical tourists, rising healthcare costs in developed countries, and the availability of advanced medical facilities and treatments in developing countries. The global medical tourism market is segmented on the basis of type, application, and region. On the basis of type, the market is segmented into cardio internal medicine, cardiothoracic surgery, oncology treatments, fertility treatments Orthopedic treatment other). Oncology treatments are expected to witness highest growth during the forecast period owing to increasing incidence rates for cancer globally. Fertility treatments are also expected to witness high growth due to growing awareness about assisted reproductive technologies (ART) among couples worldwide. By application ,the market is divided into Application 1 and Application 2 .Application 1 includes dental treatment , cosmetic surgery etc., while Application 2 includes cardiac surgery Neurology etc.). North America accounts for largest share in terms of revenue in global medical tourism Market followed by Europe Asia Pacificand Latin America respectively .
Product Definition:
Medical tourism is the term used to describe people who travel to another country for medical treatment. The term can also be used to describe people who travel for medical procedures that are not available in their home country. Medical tourism can be expensive, but it can also be cheaper than getting the same treatment in your home country. Some people choose to go abroad for medical treatment because they believe the quality of care is better than what is available in their home country. Others choose medical tourism because it is less expensive than getting the same care at home.
Cardio Internal Medicine:
Cardio-internal medicine is a new subspecialty of internal medicine which involves the treatment of cardiac and pulmonary diseases. The subspecialty emerged gradually from general cardiology and pulmonary medicine in the early 1990s. Initially, cardio-internal physicians were trained as assistant professors at medical schools or received additional training in cardiology departments.
Cardiothoracic Surgery:
Cardiothoracic surgery is a group of procedures performed on the heart, lungs, and great vessels. It's main objective is to cure or correct a health problem caused by any part of the cardiovascular system. The most common conditions treated by cardiothoracic surgeons are heart diseases such as coronary artery disease, high blood pressure (hypertension), congenital heart defects and others.
Application Insights:
Application 1 includes neurology, plastic surgery, pain management/endocrinology and general medical procedures. Application 2 includes diabetes mellitus treatment, ophthalmology, dental surgery and orthopedic treatments. General medical procedures include any procedure that does not fall under the other four categories. Medical tourism for this category means going to a different country for better healthcare at cheaper costs as compared to ones in one¢â‚¬â„¢s own country.
Neurology is the most popular application among others as it offers advanced care at lower cost than in countries with excellent healthcare systems such as Germany or France due to less regulation.
Regional Analysis:
North America dominated the global market in 2017. The region is expected to maintain its position throughout the forecast period owing to increasing healthcare expenditure, growing patient pool, and favorable reimbursement policies & initiatives by government and private players. For instance, in January 2018, Global Medical Tourism Market Association (GMMTA) along with Department of Health and Human Services launched a campaign called “Go Green†which encourages patients to travel by medical air ambulance instead of driving themselves when they are unwell.
Asia Pacific is anticipated to witness lucrative growth over the forecast period owing to rising disposable income coupled with improving healthcare infrastructure especially in India & China as a result of increased foreign direct investments from developed countries such as U.S., U.K.
Growth Factors:
- Increasing demand for affordable healthcare services: The global medical tourism market is expected to grow at a CAGR of 16.8% from 2016 to 2021. This growth can be attributed to the increasing demand for affordable healthcare services from patients across the globe.
- Availability of advanced medical facilities and treatments: The availability of advanced medical facilities and treatments is another key factor driving the growth of the global medical tourism market. Medical tourists are increasingly seeking out destinations that offer world-class treatment options at competitive prices.
- Rise in number of uninsured patients: The number of uninsured patients is on the rise globally, which is leading them to seek out affordable healthcare options through medical tourism destinations worldwide. In addition, an increasing number of people are becoming aware about the benefits offered by medical tourism, which is further fueling its growth prospects worldwide.
Scope Of The Report
Report Attributes
Report Details
Report Title
Medical Tourism Market Research Report
By Type
Cardio Internal Medicine, Cardiothoracic Surgery, Oncology, Fertility Treatments, Orthopedic Treatment, Other
By Application
Application 1, Application 2
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
241
Number of Tables & Figures
169
Customization Available
Yes, the report can be customized as per your need.
Global Medical Tourism Market Report Segments:
The global Medical Tourism market is segmented on the basis of:
Types
Cardio Internal Medicine, Cardiothoracic Surgery, Oncology, Fertility Treatments, Orthopedic Treatment, 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
Application 1, Application 2
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 Medical 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:
- Cardio Internal Medicine
- Cardiothoracic Surgery
- Oncology
- Fertility Treatments
- Orthopedic Treatment
- Other
- By Application:
- Application 1
- Application 2
- 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 Medical 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.
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- 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?
Medical tourism is the travel of people to countries with good medical care in order to receive treatment not available at home.
Some of the major companies in the medical 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.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Medical Tourism Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Medical Tourism Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Medical Tourism Market - Supply Chain
4.5. Global Medical Tourism Market Forecast
4.5.1. Medical Tourism Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Medical Tourism Market Size (000 Units) and Y-o-Y Growth
4.5.3. Medical Tourism Market Absolute $ Opportunity
5. Global Medical Tourism Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Medical Tourism Market Size and Volume Forecast by Type
5.3.1. Cardio Internal Medicine
5.3.2. Cardiothoracic Surgery
5.3.3. Oncology
5.3.4. Fertility Treatments
5.3.5. Orthopedic Treatment
5.3.6. Other
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Medical Tourism Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Medical Tourism Market Size and Volume Forecast by Application
6.3.1. Application 1
6.3.2. Application 2
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Medical Tourism Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Medical Tourism Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Medical Tourism Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Medical Tourism Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Medical Tourism Demand Share Forecast, 2019-2026
9. North America Medical Tourism Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Medical Tourism Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Medical Tourism Market Size and Volume Forecast by Application
9.4.1. Application 1
9.4.2. Application 2
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Medical Tourism Market Size and Volume Forecast by Type
9.7.1. Cardio Internal Medicine
9.7.2. Cardiothoracic Surgery
9.7.3. Oncology
9.7.4. Fertility Treatments
9.7.5. Orthopedic Treatment
9.7.6. Other
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Medical Tourism Demand Share Forecast, 2019-2026
10. Latin America Medical Tourism Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Medical Tourism Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Medical Tourism Market Size and Volume Forecast by Application
10.4.1. Application 1
10.4.2. Application 2
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Medical Tourism Market Size and Volume Forecast by Type
10.7.1. Cardio Internal Medicine
10.7.2. Cardiothoracic Surgery
10.7.3. Oncology
10.7.4. Fertility Treatments
10.7.5. Orthopedic Treatment
10.7.6. Other
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Medical Tourism Demand Share Forecast, 2019-2026
11. Europe Medical Tourism Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Medical Tourism Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Medical Tourism Market Size and Volume Forecast by Application
11.4.1. Application 1
11.4.2. Application 2
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Medical Tourism Market Size and Volume Forecast by Type
11.7.1. Cardio Internal Medicine
11.7.2. Cardiothoracic Surgery
11.7.3. Oncology
11.7.4. Fertility Treatments
11.7.5. Orthopedic Treatment
11.7.6. Other
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Medical Tourism Demand Share, 2019-2026
12. Asia Pacific Medical Tourism Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Medical Tourism Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Medical Tourism Market Size and Volume Forecast by Application
12.4.1. Application 1
12.4.2. Application 2
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Medical Tourism Market Size and Volume Forecast by Type
12.7.1. Cardio Internal Medicine
12.7.2. Cardiothoracic Surgery
12.7.3. Oncology
12.7.4. Fertility Treatments
12.7.5. Orthopedic Treatment
12.7.6. Other
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Medical Tourism Demand Share, 2019-2026
13. Middle East & Africa Medical Tourism Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Medical Tourism Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Medical Tourism Market Size and Volume Forecast by Application
13.4.1. Application 1
13.4.2. Application 2
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Medical Tourism Market Size and Volume Forecast by Type
13.7.1. Cardio Internal Medicine
13.7.2. Cardiothoracic Surgery
13.7.3. Oncology
13.7.4. Fertility Treatments
13.7.5. Orthopedic Treatment
13.7.6. Other
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Medical Tourism Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Medical Tourism Market: Market Share Analysis
14.2. Medical Tourism Distributors and Customers
14.3. Medical Tourism Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Pantai Holdings Berhad
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. KPJ Healthcare Berhad
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Dentalpro
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Prince Court Medical Centre
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Island Hospital
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. IJN Health Institute
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Mahkota Medical Centre
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Sunway Medical Centre
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. LohGuanLye Specialists Centre
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Tropicana Medical Centre
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
