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Medical Tourism Market Size to Expand at a Notable CAGR Of 15.0% by 2023

Medical tourism can be defined as an organized travel across international borders with the purpose of availing medical treatment of some form, which may or may not be available in the travelers’ home country. The global medical tourism market accounted for $61,172 million in 2016, and is estimated to reach at $165,345 million by 2023, registering a CAGR of 15.0% by 2023.

Medical Tourism
Medical Tourism

This market studies report on the Global Medical Tourism Market is an all-inclusive study of the enterprise sectors up to date outlines, industry enhancement drivers, and manacles. It offers marketplace projections for the approaching years. It incorporates an analysis of overdue augmentations in innovation, Porter’s 5 forces model analysis and revolutionary profiles of hand-picked industry competitors.

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Medical tourists travel abroad for the maintenance, enhancement, or restoration of their health through affordable healthcare facilities & treatments available in other countries, which are comparatively expensive in their own country. It is also linked with leisure and business travel. Therefore, there are several definitions of medical tourism in the market.

The Top Key Players mentioned in this report: Apollo Hospitals Enterprise Ltd.,  Fortis Healthcare Ltd.,  Asian Heart Institute and Research Centre Pvt. Ltd.,  KPJ Healthcare Berhad,  Barbados Fertility Centre,  NTT Medical Center Tokyo,  Seoul National University Hospital,  UZ Leuven (University Hospitals Leuven),  Infectious Diseases Partners Pte. Ltd., Aditya Birla Memorial Hospital, Prince Court Medical Centre, Samitivej Public Company Limited

Availability of affordable medical care & treatment in developing countries and growth in compliance on international standards drive the market. In addition, availability of latest medical treatments augment market growth. However, limited coverage and lengthy partial reimbursement by payers and epidemic outbreaks restrict the market.

The medical tourism market is segmented based treatment type and geography. By treatment type, the market is divided into cardiovascular treatment, orthopedic treatment, neurological treatment, cancer treatment, fertility treatment, and other treatments. By geography, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

MARKET SEGMENTATION:

By Treatment Type

  • Cardiovascular Treatment
  • Orthopedic Treatment
  • Neurological Treatment
  • Cancer Treatment
  • Fertility Treatment
  • Others

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The studies study similarly covers the competitive landscape of the Medical Tourism market across the globe and provide a list of all of the leading gamers working in the marketplace. The employer profiles, product portfolio, business strategies, financial evaluate, SWOT evaluation, and current traits of the prominent players have been highlighted in the research document.

Table of Content

CHAPTER 1 INTRODUCTION

1.1. REPORT DESCRIPTION

1.2. KEY BENEFITS

1.3. KEY MARKET SEGMENTS

1.4. RESEARCH METHODOLOGY

1.4.1. Secondary research

1.4.2. Primary research

1.4.3. Analyst tools & models

 

CHAPTER 2 EXECUTIVE SUMMARY

2.1. CXO PERSPECTIVE

CHAPTER 3 MARKET OVERVIEW

3.1. MARKET DEFINITION AND SCOPE

3.2. KEY FINDINGS

3.2.1. Top investment pockets

3.2.2. Top winning strategies

3.3. REIMBURSEMENT SCENARIO

3.3.1. Developed regions

3.3.2. Developing regions

3.4. GOVERNMENT REGULATIONS

3.5. TOP PLAYER POSITIONING (2016)

3.6. PORTERS FIVE FORCES ANALYSIS

3.7. MARKET DYNAMICS

3.7.1. Drivers

3.7.1.1. Affordable good quality care

3.7.1.2. Availability of quality care

3.7.1.3. Accessible information and care

3.7.1.4. Assistance and support from government agencies and associations

3.7.2. Restraints

3.7.2.1. Limited coverage and lengthy partial reimbursement by payers

3.7.2.2. Difficulties associated with travel, language barriers, availability, documentation and VISA approval issues

3.7.1. Opportunities

3.7.1.1. Overseas promotional offices is key sources of medical tourists

3.7.1.2. Wider hospital network under insurance coverage for cashless transactions

 

CHAPTER 4 MEDICAL TOURISM MARKET, BY TREATMENT TYPE

4.1. OVERVIEW

4.1.1. Market size and forecast

4.2. CARDIOVASCULAR TREATMENT

4.2.1. Key market trends

4.2.2. Growth factors and opportunities

4.2.3. Market size and forecast

4.3. ORTHOPEDIC TREATMENT

4.3.1. Key market trends

4.3.2. Growth factors and opportunities

4.3.3. Market size and forecast

4.4. NEUROLOGICAL TREATMENT

4.4.1. Key market trends

4.4.2. Growth factors and opportunities

4.4.3. Market size and forecast

4.5. CANCER TREATMENT

4.5.1. Key market trends

4.5.2. Growth factors and opportunities

4.5.3. Market size and forecast

4.6. FERTILITY TREATMENT

4.6.1. Key market trends

4.6.2. Growth factors and opportunities

4.6.3. Market size and forecast

4.7. OTHER GENERAL TREATMENT

4.7.1. Key market trends

4.7.2. Growth factors and opportunities

4.7.3. Market size and forecast

 

CHAPTER 5 MEDICAL TOURISM MARKET, BY GEOGRAPHY

5.1. OVERVIEW

5.2. NORTH AMERICA

5.2.1. Key market trends

5.2.2. Key growth factors and opportunities

5.2.3. Market size and forecast

5.2.3.1. U.S. market size and forecast

5.2.3.2. Canada market size and forecast

5.2.3.3. Mexico market size and forecast

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