Medical Tourism Market is Expected to Grow at a CAGR of 21.4% from 2016 to 2023

2024-04-17 08:06:20 Health and Fitness

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The global medical tourism market has been growing rapidly and expected to reach at a high growth figure over the review period owing to availability of lots of opportunities. Availability of cost-effective treatments, quality service and less waiting period, rising geriatric population, and increasing prevalence of diseases boost the growth of the market. Furthermore, quality of the treatment and increasing level of living standard have fueled the market growth. However, communication or language barriers and complications due to traveling before and after surgery may restrain the market growth. The major challenge to the market is to control the illegal practices such as organ trafficking.
The global medical tourism market is expected to grow at a CAGR of ~21.4% during the forecast period and is estimated to reach USD 226,762.7 million by 2023.

Key Findings
? The global medical tourism market is expected to reach USD 226,762.7 million by 2023.
? Asia Pacific holds the largest share of 43.7% of the global market.
? Orthopedic/spine by type holds the largest market share of 14.9% of the global medical tourismmarket and is expected to reach USD 27,902.8 million by the end of the forecast period.
? Globally, Oncology/Cancer is the fastest growing segment and expected to grow at a rate of CAGR 21.9% during the forecast period owing to continuously increasing prevalence of different types of cancers.

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Key Players in the Global Medical Tourism Market
? Asklepios Kliniken Verwaltungsgesellschaft mbH (Germany),
? Fortis Healthcare (India),
? Gleneagles Global Hospitals Group. (Singapore),
? Prince Court Medical Centre (Malaysia),
? Samitivej PCL (Thailand),
? CHRISTUS MUGUERZA (Mexico),
? Anadolu Medical Center (Turkey),
? others.

Segments:
Global medical tourism market has been segmented
On the basis of treatment which comprises of cosmetic surgery, dentistry, cardiology/cardiac surgery, orthopedic surgery, bariatric surgery, fertility/reproductive system, organ and tissue transplantation, eye surgery and others.
On the basis of region; market is segmented into Americas, Europe, Asia-Pacific, Middle East & Africa.

Taste the market data and market information presented through more than 50 market data tables and figures spread in 110 numbers of pages of the project report. Avail the in-depth table of content TOC & market synopsis on ?Medical Tourism Market Research Report- Global forecast till 2023?

The Hottest Trend in the Market
Medical tourism is associated to the broader notion of health tourism which in some countries has longstanding historical backgrounds of spa towns and coastal localities and other therapeutic landscapes. This industry is growing at very rapid pace. The most advanced technology, better quality care for the medically necessary procedures and the lower-cost care for the medically necessary procedures are some of the major factors driving the market for medical tourism.

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Table of Content

1 Introduction
1.1 Definition
1.2 Scope of Study
1.3 Research Objective
1.4 Assumptions & Limitations
1.5 Market Structure:
2 Research Methodology
2.1 Research Process
2.2 Primary Research
2.3 Secondary Research
3 Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Challenges
3.5 Macroeconomic Indicators
4 Market Factor Analysis
4.1 Porter?s five forces model
4.1.1 Bargaining Power of suppliers
4.1.2 Bargaining Power of Customer
4.1.3 Intensity of Competitor?s
4.1.4 Threat of New Entrants
5 Global Medical tourism Market, by Treatment
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