North America Medical Tourism Market Growth Brief Analysis on Top Key players Like Angeles en Lnea, Centro Mdico ABC, Galenia Hospital, Hospital San Jos, Mdica Sur, SA de CV, and Star Mdica

The growth of North America medical tourism market is driven by factors such as geographical convenience of Mexico for Mexico-bound health travelers who reside in South, North & Central America, and the Caribbean, recent Joint Commission International (JCI) accreditations in Mexico, government involvement for the growth of medical tourism in Mexico, lower treatment costs in Mexico, and technological advancements in healthcare facilities in North America However, difficulties associated with travel, language barriers, documentation, and VISA approval issues, and lack of medical training and non-acceptance of healthcare insurances in Mexico limit the market growth. Conversely, rise in geriatric population due to baby boomers in North America, and increase in R&D activities in the field of healthcare provide lucrative opportunities to the market players.

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The North America medical tourism market accounted for $20,279 million in 2016, and is estimated to reach $52,786 million by 2023, registering a CAGR of 14.4% from 2017 to 2023. Medical tourism can be defined as travel across international borders with the purpose of availing medical treatment of some form, which may or may not be available in the travelers home country. This treatment may include a wide array of medical services; however, the most frequently availed services include cancer treatment, orthopedic treatment, neurological disease treatment, elective surgery, fertility treatment, and others.

Geographical convenience of Mexico for Mexico-bound health travelers who reside in South, North & Central America, and the Caribbean drive the market. In addition, recent Joint Commission International (JCI) accreditations in Mexico, government involvement for the growth of medical tourism in Mexico, lower costs in Mexico, and technological advancements in healthcare facilities in North America further augment market growth. However, difficulties associated with travel, language barriers, documentation, and VISA approval issues, and lack of medical training and non-acceptance of healthcare insurances in Mexico restrict the market growth. Furthermore, rise in geriatric population due to baby boomers in North America, and increase in R&D activities in the field of healthcare provide lucrative opportunities to the market players.

Cancer treatment type segment is anticipated to continue to lead the market throughout the analysis period owing to increase with the number of cross-border travelers seeking high quality cancer treatment. In addition, cancer treatments are expensive and prolonged procedures; hence, good quality treatment available at affordable prices motivates several patients to choose medical tourism.

Furthermore, the neurological disorders treatment segment is anticipated to be the fastest growing treatment type segment with a CAGR of 14.9% from 2017 to 2023, owing to factors such as growth in prevalence of neurological diseases and surge in geriatric population.

Based on country, the market was dominated by Mexico which accounted for more than half of the overall North America medical tourism market in 2016. This growth is attributed to the availability of affordable medical treatments for several disease conditions and geographical proximity to U.S.

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Snapshot of North America medical tourism market
North America is expected to be the major host for medical tourists from across the world, owing to presence of advanced medical technology and expertise in medical services provided in the region. In addition, it is perceived that the overall quality of medical services in North America is higher than in the rest of the world. Mexico is one of the major destinations for medical tourism, as it offers a wide number of high-quality treatments at considerably lower costs as compared to the U.S.

U.S. is another key tourism destination in North America, especially for advanced specialized treatments for cancer, neurological, and cardiovascular ailments.

The key players profiled in this report include

• Angeles en Lnea,
• Centro Mdico ABC,
• Galenia Hospital,
• Hospital San Jos,
• Mdica Sur,
• SA de CV, and
• Star Mdica.

LIST OF TABLES

TABLE 01. NORTH AMERICA MEDICAL TOURISM MARKET, BY COUNTRY, 2016-2023 ($MILLION)
TABLE 02. NORTH AMERICA MEDICAL TOURISM MARKET, BY COUNTRY, 2016-2023 (NUMBER OF VISITS IN THOUSANDS)
TABLE 03. U.S. MEDICAL TOURISM MARKET, BY TREATMENT TYPE, 2016-2023 ($MILLION)
TABLE 04. U.S. MEDICAL TOURISM MARKET, BY TREATMENT TYPE, 2016-2023 (NUMBER OF VISITS IN THOUSANDS)
TABLE 05. CANADA MEDICAL TOURISM MARKET, BY TREATMENT TYPE, 2016-2023 ($MILLION)
TABLE 06. CANADA MEDICAL TOURISM MARKET, BY TREATMENT TYPE, 2016-2023 (NUMBER OF VISITS IN THOUSANDS)
TABLE 07. MEXICO MEDICAL TOURISM MARKET, BY TREATMENT TYPE, 2016-2023 ($MILLION)
TABLE 08. MEXICO MEDICAL TOURISM MARKET, BY TREATMENT TYPE, 2016-2023 (NUMBER OF VISITS IN THOUSANDS)
TABLE 09. NORTH AMERICA MEDICAL TOURISM MARKET, BY TREATMENT TYPE, 2016-2023 ($MILLION)
TABLE 10. NORTH AMERICA MEDICAL TOURISM MARKET, BY TREATMENT TYPE, 2016-2023 (NUMBER OF VISITS IN THOUSANDS)
TABLE 11. NORTH AMERICA MEDICAL TOURISM MARKET FOR CARDIOVASCULAR TREATMENT, BY COUNTRY, 2016-2023 ($MILLION)
TABLE 12. NORTH AMERICA MEDICAL TOURISM MARKET FOR CARDIOVASCULAR TREATMENT, BY COUNTRY, 2016-2023 (NUMBER OF VISITS IN THOUSANDS)
TABLE 13. NORTH AMERICA MEDICAL TOURISM MARKET FOR ORTHOPEDIC TREATMENT, BY COUNTRY, 2016-2023 ($MILLION)
TABLE 14. NORTH AMERICA MEDICAL TOURISM MARKET FOR ORTHOPEDIC TREATMENT, BY COUNTRY, 2016-2023 (NUMBER OF VISITS IN THOUSANDS)
TABLE 15. NORTH AMERICA MEDICAL TOURISM MARKET FOR NEUROLOGICAL TREATMENT, BY COUNTRY, 2016-2023 ($MILLION)
TABLE 16. NORTH AMERICA MEDICAL TOURISM MARKET FOR NEUROLOGICAL TREATMENT, BY COUNTRY, 2016-2023 (NUMBER OF VISITS IN THOUSANDS)
TABLE 17. NORTH AMERICA MEDICAL TOURISM MARKET FOR CANCER TREATMENT, BY COUNTRY, 2016-2023 ($MILLION)
TABLE 18. NORTH AMERICA MEDICAL TOURISM MARKET FOR CANCER TREATMENT, BY COUNTRY, 2016-2023 (NUMBER OF VISITS IN THOUSANDS)
TABLE 19. NORTH AMERICA MEDICAL TOURISM MARKET FOR FERTILITY TREATMENT, BY COUNTRY, 2016-2023 ($MILLION)
TABLE 20. NORTH AMERICA MEDICAL TOURISM MARKET FOR FERTILITY TREATMENT, BY COUNTRY, 2016-2023 (NUMBER OF VISITS IN THOUSANDS)
TABLE 21. NORTH AMERICA MEDICAL TOURISM MARKET FOR OTHER GENERAL TREATMENT, BY COUNTRY, 2016-2023 ($MILLION)
TABLE 22. NORTH AMERICA MEDICAL TOURISM MARKET FOR OTHER GENERAL TREATMENTS, BY COUNTRY, 2016-2023 (NUMBER OF VISITS IN THOUSANDS)
TABLE 23. GALENIA HOSPITAL: COMPANY SNAPSHOT
TABLE 24. GALENIA HOSPITAL: PRODUCT PORTFOLIO
TABLE 25. CENTRO MDICO ABC: COMPANY SNAPSHOT
TABLE 26. CENTRO MDICO ABC: SERVICES PORTFOLIO
TABLE 27. MDICA SUR: COMPANY SNAPSHOT
TABLE 28. MDICA SUR: SERVICE PORTFOLIO
TABLE 29. STAR MDICA: COMPANY SNAPSHOT
TABLE 30. STAR MDICA: SERVICES PORTFOLIO
TABLE 31. ANGELES EN LNEA, SA DE CV: COMPANY SNAPSHOT
TABLE 32. ANGELES EN LNEA, SA DE CV: PRODUCT PORTFOLIO
TABLE 33. HOSPITAL SAN JOS.: COMPANY SNAPSHOT
TABLE 34. HOSPITAL SAN JOS.: SERVICES PORTFOLIO

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