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Medical Tourism Market 2020 Global Industry Analysis by Share, Tends, Regional Industry Overview and Forecast till 2026
Medical Tourism Market
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Governments view medical exploratory activities as an opportunity to showcase their unique healthcare services; medical professionals seek newer frontiers to research alternative medicines and treatments for prevailing diseases. For example, homeopathy and Ayurveda in India offer effective alternative remedies to western allopathy. In the end, both parties inject the necessary fuel that will propel growth of the global medical tourism market.
some of the key players in the global medical tourism market:
o Bumrungrad International Hospital
o Mount Elizabeth Hospital
o Bangkok Chain Hospital
o KPJ Healthcare Berhad
o Apollo Hospitals Enterprise Limited
o Fortis Healthcare Limited
o Asian Heart Institute
o Asklepios Kliniken GmbH
Access to Low Cost Medication a Primary Driver of Medical Tourism Market
Developed countries such as the U.S. are often criticized for their expensive healthcare delivery systems. For example, in the U.S., a Harvard study showed that medical care is the country is unaffordable owing to inflated prices of drugs, high salaries of doctors, and high cost of hospital administration. Therefore, patients from such countries desperately search for destinations where healthcare is more affordable and accessible. Developing countries such as India and Brazil offer the perfect solution and lay the foundation for the global medical tourism market to flourish. The World Health Organization (WHO) recently declared Brazil as having the best healthcare delivery system in Latin America.
For more information in the analysis of this report, visit: https://www.fortunebusinessinsights.com/industry-reports/medical-tourism-market-100681
In addition to affordable medication, patient waiting time is also a key factor that explains the surge in the global medical tourism market. This rise in demand is mainly witnessed among patients from developed countries where the average patient waiting time is high as compared to countries such as India. Other factors catalyzing the growth of the global medical tourism market include better patient comfort, advanced medical equipment, alternative treatment methods, and customized medical services.
Major Table of Content For Medical Tourism Market:
1. Introduction
2. Executive Summary
3. Market Dynamics
4. Key Insights
5. Global Medical Tourism Market Analysis, Insights and Forecast, 2026
6. North America Medical Tourism Market Analysis, Insights and Forecast, 2026
7. Europe Medical Tourism Market Analysis, Insights and Forecast, 2026
8. Asia Pacific Medical Tourism Market Analysis, Insights and Forecast, 2026
9. Middle East and Africa Medical Tourism Market Analysis, Insights and Forecast, 2026
10. Latin America Medical Tourism Market Analysis, Insights and Forecast, 2026
11. Competitive Landscape
12. Company Profile
13. Conclusion
The "Third World" Preference
According to a report by the US-based National Centre for Policy Analysis, India and Thailand are two of the most popular medical destinations among medical travellers. In case of India, the main reasons for this are low cost of medical services, easy prior availability of price information and a largely English speaking population. Thailand is equally popular and sometimes even preferred more than India due to better infrastructure, despite the prices being not as low as India.
North America is expected to lead the global medical tourism market in the forecast period owing to growing demand for low cost healthcare and aging population. As seen through the examples of India and Thailand, the Asia-Pacific region holds unbound potential for the global medical tourism market in the coming decade. Germany and Turkey will also see expansion in their respective medical tourism sectors.
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