Medical Tourism Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis
MARKET INTRODUCTION
Medical Tourism refers to where people from one country travel to another country to receive medical, treatment. People travel for medical care because of affordability, better access to care or a higher level of quality of care. "Domestic Medical Tourism" is where people who live in one country travel to another city, region or state to receive better medical treatment or greater care than they would have in their own home city. Medical tourism most often is for surgeries, like cardiovascular, cosmetic and others. However patients also travel for dental tourism or fertility tourism purposes. People with rare conditions may travel to countries where the treatment is better understood. However, almost all types of health care are available, including psychiatry, alternative medicine, convalescent care and even burial services.
MARKET DYNAMICS
The medical tourism market is anticipated to grow in the forecast, owing to the factors such availability of cheaper treatment options, increasing number of surgeries like dental, cosmetic, fertility and others and availability of skilled medical professionals at a lower price in the market during the forecast period. However ethical concerns and legal issues and risks of acquiring regional infectious disease are some of the factors hampering the market growth.
MARKET SCOPE
The "Global Medical tourism Market Analysis to 2028" is a specialized and in-depth study of the medical devices industry with a special focus on the global market trend analysis. The report aims to provide an overview of medical tourism market with detailed market segmentation by treatment type and geography. The global medical tourism market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading medical tourism market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global medical tourism market is segmented on the basis of type, surgical site, end user and geography. Based on treatment type, the market is segmented as dental treatment, cosmetic treatment, cardiovascular treatment, orthopedic treatment, neurological treatment, cancer treatment, fertility treatment and other treatments
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global medical tourism market based on various segments. It also provides market size and forecast estimates from year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The medical tourism market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting medical tourism market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South & Central America after evaluating political, economic, social and technological factors effecting the medical tourism market in these regions.
![World Geography](https://www.theinsightpartners.com/assets/rdimages/world-geography.png)
Have a question?
![Analyst](https://www.theinsightpartners.com/assets/mrinal_kerhalkar.jpg)
Mrinal
Mrinal will walk you through a 15-minute call to present the report’s content and answer all queries if you have any.
![Analyst](https://www.theinsightpartners.com/assets/images/speak_analyst.gif)
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global medical tourism market based on various segments. It also provides market size and forecast estimates from year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The medical tourism market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting medical tourism market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South & Central America after evaluating political, economic, social and technological factors effecting the medical tourism market in these regions.
MARKET PLAYERS
The reports cover key developments in the medical tourism market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market payers from medical tourism market are anticipated to lucrative growth opportunities in the future with the rising demand for medical tourism market in the global market. Below mentioned is the list of few companies engaged in the medical tourism market.
The report also includes the profiles of key medical tourism market companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.
- Bumrungrad International Hospital
- Samitivej Hospitals
- Bangkok Hospital Group
- Fortis Healthcare Limited
- Apollo Hospitals Enterprise Limited
- Hamad Medical Corporation
- Asklepios Kliniken Gmbh
- Sunway Medical Centre
- Yanhee International Hospital
- Asian Heart Institute
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
![Report Coverage](https://www.theinsightpartners.com/assets/rdimages/report_coverage.png)
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
![Segment Covered](https://www.theinsightpartners.com/assets/rdimages/segment_covered.png)
Segment Covered
This text is related
to segments covered.
![Regional Scope](https://www.theinsightpartners.com/assets/rdimages/regional_scope.png)
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
![Country Scope](https://www.theinsightpartners.com/assets/rdimages/country_scope.png)
Country Scope
This text is related
to country scope.
TABLE OF CONTENTS
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Medical Tourism Market - By Treatment Type
1.3.2 Medical Tourism Market - By Region
1.3.2.1 By Country
2. KEY TAKEWAYS
3. RESEARCH METHODOLOGY
4. MEDICAL TOURISM MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PEST ANALYSIS
4.2.1 North America - Pest Analysis
4.2.2 Europe - Pest Analysis
4.2.3 Asia-Pacific - Pest Analysis
4.2.4 Middle East and Africa - Pest Analysis
4.2.5 South and Central America - Pest Analysis
4.3. EXPERT OPINIONS
5. MEDICAL TOURISM MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS, RESTRAINTS & EXPECTED INFLUENCE OF COVID-19 PANDEMIC
6. MEDICAL TOURISM MARKET - GLOBAL MARKET ANALYSIS
6.1. MEDICAL TOURISM - GLOBAL MARKET OVERVIEW
6.2. MEDICAL TOURISM - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. MEDICAL TOURISM MARKET - REVENUE AND FORECASTS TO 2028 - TREATMENT TYPE
7.1. OVERVIEW
7.2. TREATMENT TYPE MARKET FORECASTS AND ANALYSIS
7.3. DENTAL TREATMENT
7.3.1. Overview
7.3.2. Dental Treatment Market Forecast and Analysis
7.4. COSMETIC TREATMENT
7.4.1. Overview
7.4.2. Cosmetic Treatment Market Forecast and Analysis
7.5. CARDIOVASCULAR TREATMENT
7.5.1. Overview
7.5.2. Cardiovascular Treatment Market Forecast and Analysis
7.6. ORTHOPEDIC TREATMENT
7.6.1. Overview
7.6.2. Orthopedic Treatment Market Forecast and Analysis
7.7. NEUROLOGICAL TREATMENT
7.7.1. Overview
7.7.2. Neurological Treatment Market Forecast and Analysis
7.8. CANCER TREATMENT
7.8.1. Overview
7.8.2. Cancer Treatment Market Forecast and Analysis
7.9. FERTILITY TREATMENT
7.9.1. Overview
7.9.2. Fertility Treatment Market Forecast and Analysis
7.10. OTHER TREATMENTS
7.10.1. Overview
7.10.2. Other Treatments Market Forecast and Analysis
8. MEDICAL TOURISM MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
8.1. NORTH AMERICA
8.1.1 North America Medical Tourism Market Overview
8.1.2 North America Medical Tourism Market Forecasts and Analysis
8.1.3 North America Medical Tourism Market Forecasts and Analysis - By Treatment Type
8.1.4 North America Medical Tourism Market Forecasts and Analysis - By Countries
8.1.4.1 United States Medical Tourism Market
8.1.4.1.1 United States Medical Tourism Market by Treatment Type
8.1.4.2 Canada Medical Tourism Market
8.1.4.2.1 Canada Medical Tourism Market by Treatment Type
8.1.4.3 Mexico Medical Tourism Market
8.1.4.3.1 Mexico Medical Tourism Market by Treatment Type
8.2. EUROPE
8.2.1 Europe Medical Tourism Market Overview
8.2.2 Europe Medical Tourism Market Forecasts and Analysis
8.2.3 Europe Medical Tourism Market Forecasts and Analysis - By Treatment Type
8.2.4 Europe Medical Tourism Market Forecasts and Analysis - By Countries
8.2.4.1 Germany Medical Tourism Market
8.2.4.1.1 Germany Medical Tourism Market by Treatment Type
8.2.4.2 France Medical Tourism Market
8.2.4.2.1 France Medical Tourism Market by Treatment Type
8.2.4.3 Italy Medical Tourism Market
8.2.4.3.1 Italy Medical Tourism Market by Treatment Type
8.2.4.4 Spain Medical Tourism Market
8.2.4.4.1 Spain Medical Tourism Market by Treatment Type
8.2.4.5 United Kingdom Medical Tourism Market
8.2.4.5.1 United Kingdom Medical Tourism Market by Treatment Type
8.3. ASIA-PACIFIC
8.3.1 Asia-Pacific Medical Tourism Market Overview
8.3.2 Asia-Pacific Medical Tourism Market Forecasts and Analysis
8.3.3 Asia-Pacific Medical Tourism Market Forecasts and Analysis - By Treatment Type
8.3.4 Asia-Pacific Medical Tourism Market Forecasts and Analysis - By Countries
8.3.4.1 Australia Medical Tourism Market
8.3.4.1.1 Australia Medical Tourism Market by Treatment Type
8.3.4.2 China Medical Tourism Market
8.3.4.2.1 China Medical Tourism Market by Treatment Type
8.3.4.3 India Medical Tourism Market
8.3.4.3.1 India Medical Tourism Market by Treatment Type
8.3.4.4 Japan Medical Tourism Market
8.3.4.4.1 Japan Medical Tourism Market by Treatment Type
8.3.4.5 South Korea Medical Tourism Market
8.3.4.5.1 South Korea Medical Tourism Market by Treatment Type
8.4. MIDDLE EAST AND AFRICA
8.4.1 Middle East and Africa Medical Tourism Market Overview
8.4.2 Middle East and Africa Medical Tourism Market Forecasts and Analysis
8.4.3 Middle East and Africa Medical Tourism Market Forecasts and Analysis - By Treatment Type
8.4.4 Middle East and Africa Medical Tourism Market Forecasts and Analysis - By Countries
8.4.4.1 South Africa Medical Tourism Market
8.4.4.1.1 South Africa Medical Tourism Market by Treatment Type
8.4.4.2 Saudi Arabia Medical Tourism Market
8.4.4.2.1 Saudi Arabia Medical Tourism Market by Treatment Type
8.4.4.3 U.A.E Medical Tourism Market
8.4.4.3.1 U.A.E Medical Tourism Market by Treatment Type
8.5. SOUTH AND CENTRAL AMERICA
8.5.1 South and Central America Medical Tourism Market Overview
8.5.2 South and Central America Medical Tourism Market Forecasts and Analysis
8.5.3 South and Central America Medical Tourism Market Forecasts and Analysis - By Treatment Type
8.5.4 South and Central America Medical Tourism Market Forecasts and Analysis - By Countries
8.5.4.1 Brazil Medical Tourism Market
8.5.4.1.1 Brazil Medical Tourism Market by Treatment Type
8.5.4.2 Argentina Medical Tourism Market
8.5.4.2.1 Argentina Medical Tourism Market by Treatment Type
9. INDUSTRY LANDSCAPE
9.1. MERGERS AND ACQUISITIONS
9.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
9.3. NEW PRODUCT LAUNCHES
9.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
10. MEDICAL TOURISM MARKET, KEY COMPANY PROFILES
10.1. BUMRUNGRAD INTERNATIONAL HOSPITAL
10.1.1. Key Facts
10.1.2. Business Description
10.1.3. Products and Services
10.1.4. Financial Overview
10.1.5. SWOT Analysis
10.1.6. Key Developments
10.2. SAMITIVEJ HOSPITALS
10.2.1. Key Facts
10.2.2. Business Description
10.2.3. Products and Services
10.2.4. Financial Overview
10.2.5. SWOT Analysis
10.2.6. Key Developments
10.3. BANGKOK HOSPITAL GROUP
10.3.1. Key Facts
10.3.2. Business Description
10.3.3. Products and Services
10.3.4. Financial Overview
10.3.5. SWOT Analysis
10.3.6. Key Developments
10.4. FORTIS HEALTHCARE LIMITED
10.4.1. Key Facts
10.4.2. Business Description
10.4.3. Products and Services
10.4.4. Financial Overview
10.4.5. SWOT Analysis
10.4.6. Key Developments
10.5. APOLLO HOSPITALS ENTERPRISE LIMITED
10.5.1. Key Facts
10.5.2. Business Description
10.5.3. Products and Services
10.5.4. Financial Overview
10.5.5. SWOT Analysis
10.5.6. Key Developments
10.6. HAMAD MEDICAL CORPORATION
10.6.1. Key Facts
10.6.2. Business Description
10.6.3. Products and Services
10.6.4. Financial Overview
10.6.5. SWOT Analysis
10.6.6. Key Developments
10.7. ASKLEPIOS KLINIKEN GMBH
10.7.1. Key Facts
10.7.2. Business Description
10.7.3. Products and Services
10.7.4. Financial Overview
10.7.5. SWOT Analysis
10.7.6. Key Developments
10.8. SUNWAY MEDICAL CENTRE
10.8.1. Key Facts
10.8.2. Business Description
10.8.3. Products and Services
10.8.4. Financial Overview
10.8.5. SWOT Analysis
10.8.6. Key Developments
10.9. YANHEE INTERNATIONAL HOSPITAL
10.9.1. Key Facts
10.9.2. Business Description
10.9.3. Products and Services
10.9.4. Financial Overview
10.9.5. SWOT Analysis
10.9.6. Key Developments
10.10. ASIAN HEART INSTITUTE
10.10.1. Key Facts
10.10.2. Business Description
10.10.3. Products and Services
10.10.4. Financial Overview
10.10.5. SWOT Analysis
10.10.6. Key Developments
11. APPENDIX
11.1. ABOUT THE INSIGHT PARTNERS
11.2. GLOSSARY OF TERMS
The List of Companies
1. Bumrungrad International Hospital
2. Samitivej Hospitals
3. Bangkok Hospital Group
4. Fortis Healthcare Limited
5. Apollo Hospitals Enterprise Limited
6. Hamad Medical Corporation
7. Asklepios Kliniken Gmbh
8. Sunway Medical Centre
9. Yanhee International Hospital
10. Asian Heart Institute
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.