Press release
Nonclinical areas to be explored by the Medical Tourism Market
The Medical Tourism Market is expected to grow on a healthy note further. The current scenario is such that virtual monitoring tools are being called for. They act as a precision factor for the healthcare vertical. With the turning out to be more accessible for patients and providers alike, several post-operative intervention options are being made available for preventing hospital re-admittance and complications. With cost-effectiveness rendered as well, the healthcare vertical is expected to take off on a flourishing note going forward.As per Persistence Market Research’s latest industry analysis, the global medical tourism market was valued at US$ 162.7 Bn in 2020, and is expected to exhibit a CAGR of 10.2% over the forecast period (2021-2031).
Accessibility and affordability of high-quality healthcare facilities, health insurance portability, support from local governments and tourism departments, and increasing advertising and marketing strategies related to medical tourism are key factors driving market growth. Furthermore, availability of state-of-the-art medical technologies at medical tourism destinations is also supplementing market expansion.
Asian countries accounted for the largest market share due to their excellent healthcare facilities at relatively low cost of treatment, availability of inexpensive flights, and increase in marketing & online consumer information about the availability of medical services.
Get Sample Copy of this Report@ https://www.persistencemarketresearch.com/samples/32740
Considering consolidation activities in the healthcare tourism industry, collaborations have emerged as a winning strategy by key players. Leading players are strengthening their services through partnerships and reaching out to key as well as emerging markets.
For instance, in January 2021, Changi General Hospital and Shimadzu (Asia Pacific) jointly launched a center to conduct mass spectrometry-based clinical testing and research for personalized treatment
In February 2021, Apollo Hospitals partnered with Anatomiz3D Medtech to establish Hospital 3D Printing Labs across India.
Get a Customized Scope to Match Your Need Ask an Expert- sales@persistencemarketresearch.com
Company Profiles:
Penang Adventist Hospital
Twin Towers Medical Center
Institute Jantung Negara National Heart Institute
Max Superspeciality Hospital
Fortis Healthcare
Apollo Hospital
Morula IVF
Mother & Child Hospital
Bundamedik Healthcare System
Bali Mandara Hospital
Bali Royal Hospital
BIMC Siloam Nusa
Love the Mother of Kedonganan Hospital
Love Tabanan Hospital Mo
Singapore General Hospital
Changi General Hospital
Johns Hopkins Singapore International Medical Centre
Tan Tock Seng Hospital
Request for Methodology@ https://www.persistencemarketresearch.com/methodology/32740
Key Takeaways from Market Study
Cancer treatment is expected to gain 74.1 Bn revenue by 2031 at a CAGR of 9.1%.
Based on age group, the adults segment accounted for the highest share of 45% in 2021. The segment witnessed high growth owing to rising awareness among adults for a healthy lifestyle.
Among the applications, therapeutic services gained popularity accounting for 53% market share, and the segment is expected to dominate throughout the forecast period at a growth rate of 9.4%.
Based on travellers, group travellers hold the highest revenue share of 54% at a growth rate of 9.3%.
North America accounted for the largest share in the global medical tourism market in 2020, and a similar trend is expected to continue during the forecast years.
“Higher treatment cost in developed countries is a key factor that is expected to drive demand for medical tourism across other regions over the coming years,” says an analyst of Persistence Market Research.
Market Competition
Leading service providers continue to rely upon acquisitions, collaborations, alliances, and product launches to gain large revenue shares in the medical tourism market. As such, providing access to safe and effective treatment will remain key aspects to succeed in this competitive marketplace.
What Does the Report Cover?
Persistence Market Research offers a unique perspective and actionable insights on the global medical tourism market in its latest study, presenting historical demand assessment of 2016 – 2020 and projections for 2021 – 2031.
Access Full Report@ https://www.persistencemarketresearch.com/checkout/32740
The research study is based on treatment (dental treatment, cosmetic treatment cardiovascular treatment, orthopedic treatment, neurological treatment, cancer treatment, fertility treatment, and others), age group (children, adolescents, adults, and geriatric), application (wellness services and therapeutic services), and traveller (independent travellers and group travellers), across seven key regions of the world.
Complete Report Details@ https://www.persistencemarketresearch.com/market-research/medical-tourism-market.asp
Read More Trending "PMR Exclusive Article"-
Biochemistry Analyser Market@ https://www.persistencemarketresearch.com/market-research/biochemistry-analyser-market.asp
Bioinformatics Market@ https://www.persistencemarketresearch.com/market-research/bioinformatics-market.asp
Contact Us:
Persistence Market Research
Address – 305 Broadway, 7th Floor, New York City, NY 10007 United States
U.S. Ph. – +1-646-568-7751
USA-Canada Toll-free – +1 800-961-0353
Sales – sales@persistencemarketresearch.com
Website – https://www.persistencemarketresearch.com
About us-
Business intelligence is the foundation of every business model employed by Persistence Market Research. Multi-dimensional sources are being put to work, which include big data, customer experience analytics, and real-time data collection. Thus, working on “micros” by Persistence Market Research helps companies overcome their “macro” business challenges.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Nonclinical areas to be explored by the Medical Tourism Market here
News-ID: 2537719 • Views: …
More Releases from Persistence Market Research

Demi-Fine Jewelry Market to Reach US$ 2.1 Bn by 2025, Driven by Rising Fashion T …
Overview of the Demi-Fine Jewelry Market
The global Demi-fine jewelry market has emerged as a significant segment within the broader jewelry industry, driven by increasing consumer demand for affordable luxury and customizable pieces. Unlike high-end fine jewelry, demi-fine jewelry offers a balance between quality, durability, and price, making it an attractive choice for millennials and Gen Z consumers who seek stylish, long-lasting accessories without a hefty price tag. The market is…

Saffron Market to Reach US$ 688.7 Mn by 2032 Driven by Rising Demand for Health …
Global Saffron Market Overview
The global saffron market is projected to experience significant growth over the forecast period, driven by increasing demand across culinary, pharmaceutical, and cosmetic applications. The market is estimated to reach a value of US$ 420.2 million in 2025 and is predicted to rise at a CAGR of 7.3% to attain US$ 688.7 million by 2032. This growth is fueled by factors such as the rising popularity of…

Heated Jacket Market to Reach US$ 4 Bn by 2031, Driven by Rising Cold-Weather Ap …
Global Heated Jacket Market Overview
The global heated jacket market is rapidly gaining traction, fueled by increasing consumer demand for comfort, warmth, and innovative wearable technology. Heated jackets, equipped with battery-powered heating elements, provide consistent warmth in cold weather conditions, making them popular among outdoor enthusiasts, athletes, and workers exposed to harsh environments. As winter sports and adventure tourism continue to grow worldwide, the heated jacket market is expected to experience…

Coffee Bean Grind Machine Market to Reach US$ 1,190.2 Mn by 2032 Driven by Risin …
Global Coffee Bean Grind Machine Market Overview
The global coffee bean grind machine market is witnessing substantial growth, driven by the increasing consumer demand for freshly ground coffee and the rising preference for specialty coffee beverages across the world. Valued at US$ 791.2 million in 2025, the market is projected to reach US$ 1,190.20 million by 2032, registering a robust CAGR of 6% during the forecast period. The market's expansion is…
More Releases for Hospital
Hip Replacement hospital in LB Nagar | Anvik Hospital
**Total Hip Replacement Surgery at Anvik Hospitals: A Path to Pain-Free Living**
Total Hip Replacement (THR) is a transformative surgical procedure that alleviates chronic pain and restores mobility for individuals suffering from debilitating hip joint conditions. At Anvik Hospitals, we pride ourselves on offering advanced hip replacement solutions that are designed to provide long-lasting relief and significantly improve joint function, allowing patients to regain their quality of life.
### Understanding Total Hip…
Medical Tourism Market Detailed In New Research Report 2024 | Mission Hospital, …
Medical Tourism Market Trends Overview 2024-2031:
A new Report by Coherent Market Insights, titled "Medical Tourism Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2031," offers a comprehensive analysis of the industry, which comprises insights on the Medical Tourism market analysis. The report also includes competitor and regional analysis, and contemporary advancements in the market.
This report has a complete table of contents, figures, tables, and charts, as well as insightful…
Beyond Pet Care: The Modern Veterinary Hospital Experience | All Pets Veterinary …
Veterinary Hospital Market 2023 Forecast: Unveiling Opportunities and Growth
Veterinary Hospital market report presents an overview of the market on the basis of key parameters such as market size, revenue, sales analysis and key drivers. The market size of global Veterinary Hospital market is anticipated to grow at large scale over the forecast period (2023-2029). The main purpose of the study report is to give users an extensive viewpoint of the…
Outpatient Surgical Procedures Market 2023 | Futuristic Trends- Hornsby Ku-ring- …
The Outpatient Surgical Procedures research report combines vital data incorporating the competitive landscape, global, regional, and country-specific market size, market growth analysis, market share, recent developments, and market growth in segmentation. Furthermore, the Outpatient Surgical Procedures research report offers information and thoughtful facts like share, revenue, historical data, and global market share. It also highlights vital aspects like opportunities, driving, product scope, market overview, and driving force.
Download FREE Sample Report…
Global Hospital Furniture Market by Type (Hospital Bed, Hospital Chair & Bench, …
Report Overview
The size of the global market for hospital furniture was evaluated at USD 9.11 billion in 2022, and it is expected to rise at a CAGR of 6.8% from 2023 to 2032. The market is expanding as a result of reasons including the rising number of hospital admissions worldwide, attractive insurance and payment scenarios, and government support for hospitals included in the healthcare industry. In addition, the incidence of…
Canada Hospital Supplies Market Report - Disposable Hospital Supplies, Hospital …
ReportsnReports added a new report on The Canada Hospital Supplies Market report that delivers the clean elaborated structure of the Report comprising each and every business-related information of the market at a global level. The in-depth study on the current state which focuses on the major drivers and restraints for the key players. Canada Hospital Supplies Market Industry research report provides granular analysis of the market share, segmentation, revenue forecasts,…