Report Description
A recent market
intelligence report that is published by Data Insights Partner on the
global Medical Tourism market makes an
offering of in-depth analysis of segments and sub-segments in the regional and
international Medical Tourism market. The research also emphasizes on the impact of restraints,
drivers, and macro indicators on the regional and global Medical
Tourism market over the short as
well as long period of time. A detailed presentation of forecast, trends, and
dollar values of global Medical Tourism market is offered. In accordance with the report, the global
Medical Tourism market is projected to
expand at a CAGR of 10% over the period
of forecast.
Market Insight, Drivers, Restraints&
Opportunity of the Market:
Medical tourism is where people living in a country to travel to
another country for medical treatment and they expect to receive equal or
greater medical care at lower cost as compared to they might receive in their
own countries. The global Medical Tourism market is primarily driven by the
lower medical cost, high quality medical care, lesser waiting times for medical
treatment in other countries/places and other factors. The number of medical
tourists in all countries in 2017 was estimated at 15 Million and the number of
medical tourist is expected to increase by over 20% during the forecast period.
According to a study published in The American Journal of Medicine, the average
cost per each medical tourists was calculated around US$ 3,500 to US$ 6,000 (cash)
per visits and total global expenditure per year was valued to US$ 40-US$70 Bn.
The same documents also revealed that the total value of the global medical
tourism business was estimated to US$ 400 Bn. Conversely, the growth of the
global Medical Tourism market would likely to restrain by the language
barriers, trabel related documentations, medical documentations, risk of
fraudulence, and most particularly, the complicacy of reimbursement process.
However, strategic alliances such as collaborations among prominent hospital
networks and the travel agencies, emergence of social media platform etc. would
provide the global Medical Tourism market an opportunity to propel during the
forecast period.
Segment Covered:
This market
intelligence report on the global Medical Tourism market encompasses market
segments based on treatment type and country/region. On the basis of treatment
type, the global medical tourism market is segregated into dentistry, cosmetic
surgery and dermatology, cardiac abnormalities, weight-loss treatment, liver
and kidney transplantation, spine surgery, in-vitro fertility and others. By country/region, the global Medical Tourism market
has been divided into Costa Rica, India, Malaysia, Mexico, Singapore, South
Korea, Taiwan, Turkey, Poland, South Africa, the US and other countries/region.
Profiling of Market
Players:
This business
intelligence report offers profiling of reputed companies that are operating in
the market. Companies such as Asian Heart Institute, Barbados Fertility Center,
Wooridul Spine Hospital, Bangkok Hospital Medical Center, Apollo Hospitals
Enterprise Limited, Aditya Birla Memorial Hospital, Fortis Healthcare Limited,
KPJ Healthcare Berhad, NTT Medical Center Tokyo, Seoul National University
Hospital, UZ Leuven, Wooridul Spine Hospital, Bocian IVF clinic, Prince Court
Medical Centre, Samitivej PCL, Bumrungrad International Hospital, Min-Sheng
General Hospital, Raffles Medical Group, and others have been profiled into
detail so as to offer a glimpse of the market leaders. Moreover, parameters
such as Medical Tourism related investment & spending and developments by
major players of the market are tracked in this global report.
Report Highlights:
In-depth
analysis of the micro and macro indicators, market trends, and forecasts of
demand is offered by this business intelligence report. Furthermore, the report
offers a vivid picture of the factors that are steering and restraining the
growth of this market across all geographical segments. In addition to that, IGR-Growth
Matrix analysis is also provided in the report so as to share insight of the
investment areas that new or existing market players can take into consideration.
Various analytical tools such as DRO analysis, Porter's five forces analysis
has been used in this report to present a clear picture of the market. The
study focuses on the present market trends and provides market forecast from
the year 2017-2027. Emerging trends that would shape the market demand in the
years to come have been highlighted in this report. A competitive analysis in
each of the geographical segments gives an insight into market share of the
global players.
Salient Features:
Ø
This study offers
comprehensive yet detailed analysis of the Medical Tourism market, size of the market (US$ Mn), and Compound Annual Growth
Rate (CAGR (%)) for the period of forecast: 2019 – 2027, taking into account
2018 as the base year
Ø
It explains upcoming
revenue opportunities across various market segments and attractive matrix of
investment proposition for the said market
Ø
This market
intelligence report also offers pivotal insights about various market opportunities,
restraints, drivers, launch of new products, competitive market strategies of
leading market players, emerging market trends, and regional outlook
Ø
Profiling of
key market players in the world Medical Tourism market is done by taking into account various parameters such as
company strategies, distribution strategies, product portfolio, financial
performance, key developments, geographical presence, and company overview
Ø
Leading
market players covered this report comprise names such Asian Heart Institute, Barbados Fertility Center,
Wooridul Spine Hospital, Bangkok Hospital Medical Center, Apollo Hospitals
Enterprise Limited, Aditya Birla Memorial Hospital, Fortis Healthcare Limited,
KPJ Healthcare Berhad, NTT Medical Center Tokyo, Seoul National University
Hospital, UZ Leuven, Wooridul Spine Hospital, Prince Court Medical Centre,
Samitivej PCL, Bumrungrad International Hospital, Min-Sheng General Hospital,
Raffles Medical Group, Hospital Médica Sur and others, and
among others
Ø
The world
market for Medical Tourism caters to the needs of various stakeholders pertaining to this
industry, namely suppliers, manufacturers, investors, and distributors for Medical
Tourism market. The research
also caters to the rising needs of consulting and research firms, financial
analysts, and new market entrants
Ø
Research
methodologies that have been adopted for the purpose of this study have been
clearly elaborated so as to facilitate better understanding of the reports
Ø
Reports have
been made based on the guidelines as mandated by General Data Protection
Regulation
Ø
Ample number
of examples and case studies have been taken into consideration before coming
to a conclusion
Reasons to buy:
v
Identify
opportunities and plan strategies by having a strong understanding of the
investment opportunities in the Medical
Tourism market
v
Identification
of key factors driving investment opportunities in the Medical Tourism market
v
Facilitate
decision-making based on strong historic and forecast data
v
Position
yourself to gain the maximum advantage of the industry’s growth potential
v
Develop
strategies based on the latest regulatory events
v
Identify key
partners and business development avenues
v
Respond to
your competitors’ business structure, strategy and prospects
v
Identify key
strengths and weaknesses of important market participants