Medical Tourism Market Overview and Outlook to 2023 - Key Players Operating the market are Apollo Hospitals Enterprise Ltd, Fortis Healthcare Ltd, Prince Court Medical Center, KPJ Healthcare Berhad, Raffles Medical Group, and Bumrungrad International Hosp

Medical Tourism Market Overview:

Medical tourism is defined as to travel across countries with the reason for benefiting medical treatment of some form, which might not be accessible in the travelers' nation of origin. This treatment may incorporate a wide cluster of therapeutic services. However, the most frequently profited services include dental care, elective surgery, fertility treatment, and cosmetic surgery. Developed nations like the U.S., Germany, UK, Japan, Canada, and France offers highly advanced treatments. So, patients used to travel to such destinations when the quality of care is not available in the local environment.

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Medical Tourism Market Size:

According to Market Data Forecast, The Global Medical Tourism Market was worth USD 27.8 billion in 2018 and estimated to be growing at a CAGR of 18.8%, to reach USD 65.79 billion by 2023.

High treatment costs and long waiting time’s circumstances for medical procedures, advancements in technology, and the development of the market are the major factors driving the growth of the market. Stringent documentation forms, issues related with visa endorsement, and limited protection scope are the restraining the growth of the market. Developing countries with evolving innovation and technology are fueling the market.

Market Segmentation:

The Global Medical Tourism Market is broadly segmented into the type of treatment. Based on the type of treatment, the market is further segmented into Orthopedic Treatment, Cardiovascular Treatment, Dental Treatment Fertility Treatment, Cosmetic Treatment, Neurological Treatment, Cancer Treatment, and Others. Based on geography, the global market is analyzed under various regions namely North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa. Cosmetic treatment holds the largest share because cosmetic treatment is not covered under insurance.

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Major Companies Operating the Medical Tourism Market:

• Min-Sheng General Hospital
• Apollo Hospitals Enterprise Limited
• Samitivej Sukhumvit
• Fortis Healthcare Ltd
• Asian Heart Institute
• Prince Court Medical Center
• Bangkok Hospital Medical Center
• KPJ Healthcare Berhad
• Raffles Medical Group
• Bumrungrad International Hospital

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Reasons to Purchase Medical Tourism Market Report:

• Current and future Medical Tourism Market Outlook in the developed and emerging markets
• Analyzing various perspectives of the market with the help of Porter’s five forces analysis
• The segment that is expected to dominate the market
• Regions that are expected to witness the fastest growth during the forecast period
• Identify the latest developments, market shares, and strategies employed by the major market players
• 3-month analyst support, along with the Market Estimate sheet in excel

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