Market Overview

Global Medical Tourism Market (2018-2023) by Treatment Type and Geography - CAGR to Grow at 8.5% - ResearchAndMarkets.com

Share:

The "Global
Medical Tourism Market - Segmented by Treatment Type and Geography -
Growth, Trends, and Forecast (2018 - 2023)"
report has been
added to ResearchAndMarkets.com's offering.

The global medical tourism market was valued at USD 15.43 billion in
2017, and is expected to register a CAGR of 8.5% during the forecast
period of 2018-2023.

Asia-Pacific accounted for the largest share of around 40% of the global
market, whereas, North America was estimated to register the fastest
CAGR over the forecast period.

High Cost of Undergoing Medical Treatment

The cost of undergoing medical treatment in a developed country is very
high. It is estimated that, although the treatments are of reliable
quality, the procedures tend to be on the expensive side. In addition,
the major healthcare products are also quite extravagantly priced.
Countries in Asia-Pacific, Middle East, and South America provide
high-quality medical services at a much lower rate, compared to the
developed economies. There are companies that cater to all the medical
and non-medical needs of tourists, during their travel.

In addition, the availability of the latest medical technologies and a
growing compliance on international quality standards drive this market.
The use of English as the main working language, solves the problem of
communication and patient satisfaction, and adds to the growth of this
market. Health insurance portability, advertising, and marketing are
other factors that augment the fast-paced growth of the medical tourism
industry.

Notable Developments

  • January 2018 - The Saudi Commission for Tourism and National Heritage
    (SCTH) has been promoting medical tourism to boost the local tourism
    sector. As a part of its plan to pave the way for investment in
    touristic sites, the SCTH established public facilities around the
    geothermal waters of Al-Dobdobah well. The sulfuric hot spring waters
    are known for their medicinal properties and attract a lot of medical
    tourists.
  • October 2017: The Indian ministry of finance, in association with the
    ministries of tourism and health, launched a portal, for helping
    medical travelers with a comprehensive information base. The portal
    offers information in Arabic, Russian, and French.

Key Topics Covered

1. Introduction

2. Research Methodology

3. Executive Summary

4. Key Inferences

5. Market Overview

6. Drivers, Restraints, Opportunities, and Challenges (DROC) Analysis

7. Market Segmentation

8. Competitive Landscape

9. Company Profiles

  • Cosmedic Travel
  • BB Health Solutions
  • Euromedical Tours
  • Klinikum Medical Link
  • Apollo Hospitals
  • Healthbase
  • Medretreat
  • KPJ Healthcare Behard

10. Future Market Outlook

For more information about this report visit https://www.researchandmarkets.com/research/fpkmhm/global_medical?w=4

View Comments and Join the Discussion!