Medical Tourism Market to Reach US$32.5 Billion in 2019: Transparency Market Research

ALBANY, N.Y.--(BUSINESS WIRE)--

Transparency Market Research has published a new report titled, “Medical Tourism Market (India, Thailand, Singapore, Malaysia, Mexico, Brazil, Taiwan, Turkey, South Korea, Costa Rica, Poland, Dubai and Philippines) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 – 2019”.

Browse Report: http://www.transparencymarketresearch.com/medical-tourism.html

The report states that the global medical tourism market was valued at US$10.5 billion in 2012, and is expected to reach US$32.5 billion in 2019, growing at a CAGR of 17.9% from 2013 to 2019.

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Key Growth Drivers

The medical tourism market has been growing at a fast pace due to increasing aging population, adoption of newer technologies to treat various medical products, and better exchange rates in the economy as a whole. As the geriatric population will rise in the coming years it will propel the medical tourism market, pushing the healthcare industry to make pricing of the treatments more competitive. The possibility of economic crisis in developed nations which has led to decrease in disposable incomes has also added to the growth of medical tourism market. Better pricing for cosmetic surgeries and shorter waiting period for treatment is also likely to accelerate the growth of global medical tourism market.

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Market Components and Competitive Scenario

The global medical tourism market has been segmented on the basis of most sought-after procedures. It is also bifurcated as per geographical regions such as India, China, Malaysia, Turkey, Brazil, South Korea, Singapore, and Thailand. Some of the important players in the global medical tourism market profiled in this report are Bangkok Medical Center, Apollo Enterprise Ltd, Raffles Medical Group, Bumrungrad Hospital, and Prince Court Medical Center.

About Us

TMR is a U.S. based market intelligence company driven by a global team of high-pedigree industry consultants, analysts, and researchers. TMR leverages its worldwide Syndicated Research, Custom Research, and Market Consulting expertise to help businesses make accurate decisions.

The company's multi-disciplinary expertise has made it the preferred growth partner of hundreds of companies worldwide, from multibillion dollar conglomerates to emerging regional businesses. TMR's exclusive blend of quantitative forecasting and trends analysis draws on proprietary data sources, tools, and techniques.