3 Key Insights on Competitive Landscape in Global Medical Tourism Market: Ken Research

Country-Niche Players Dominate the Market Holding ~75% of Revenue Share Despite the Presence of about 500 Competitors Comprising Global Players and Regional Players, finds a recent market study on the Global Medical Tourism Market by Ken Research

Medical tourism is the process of organized travel outside the country to avail medical care. Medical tourists travel across the countries to use low-cost healthcare treatments and facilities to maintain, improve, or restore their health. Medical tourists travel to access different kinds of treatments such as neurological care, dental care, cardiovascular care, cosmetic treatments, and other treatment options.

Ken Research shares 3 key insights on the competitive landscape of this dynamic market from its latest research study

1. Country-niche Players Constitute ~93% of the Total Number of Competitors and hold ~75% of the Total Market Revenue

A comprehensive competitive analysis conducted during the Research Study found that the Global Medical Tourism Market is highly competitive with ~500 players which include globally diversified players, regional players as well as a large number of country-niche players having their niche in Medical Tourism. The country niche players comprise ~93% and regional players comprise ~5% of competitors. Most of the country-niche players are strategically collaborating with healthcare associations and others to enhance their visibility in medical tourism.

Request For Sample Report @https://bit.ly/3g7BbD3

2. Leading Global Players Significantly Investing to Boost Healthcare Infrastructure

Detailed comparative analysis of key competitors available within the Research Study shows that key players such as KPJ Healthcare Berhad, Fortis Healthcare,  and Asian Heart Institute among others are highly focused on providing high-quality treatments at affordable prices to attract foreign consumers. Furthermore, several companies are aggressively involved in a partnership with governmental, and non-governmental bodies and others to become visible in the market for medical tourism. Companies are focused on enhancing their infrastructure to provide better healthcare, improved hospitality, and individualized care, which is expected to lure more customers seeking medical treatment in other countries.

In July 2022, Fortis Healthcare announced about adding of approximately 1,500 beds over the next five years to enhance its presence in the existing location. In addition, the company also engaged in strategizing to strengthen its existing specialties and build new medical programs.

3. Increased Government Initiatives Promote Medical Tourism Growth and Development

In August 2022, the Prime Minister of India announced the "Heal in India" initiative that aims to boost medical tourism in the country as well as to position the country as a global hub for wellness and medical tourism. Under this initiative, the country planned to feature special desks at 10 airports, a multi-lingual portal, and simplified VISA norms for passengers, visiting India for medical treatment.
In November 2021, the Thai government took initiatives to boost domestic travel for medical purposes. The government is providing subsidies for hotel stays and flights for travelers.

Request For Sample Report @https://bit.ly/3g7BbD3

Key Topics Covered in the Report

Snapshot of the Global Medical Tourism Market
Industry Value Chain and Ecosystem Analysis of the Medical Tourism Market
Market size and Segmentation of the Global Medical Tourism Market
Historic Growth of the Overall Global Medical Tourism Market and Segments
Competition Scenario of the Medical Tourism Market and Key Developments of Competitors
Porter's 5 Forces Analysis of the Global Medical Tourism Industry
Overview, Product Offerings, and Strategic Developments of Key Competitors
COVID-19 Impact on the Overall Global Medical Tourism Market
Future Market Forecast and Growth Rates of the Global Medical Tourism Market and by Segments
Market Size of Application/End-User Segments with historical CAGR and Future Forecasts
Analysis of the Medical Tourism Market in Major Regions
Major Production / Consumption Hubs in the Major Regions
Major Production/Supply and Consumption/Demand Hubs in Each Region
Major Country-wise Historic and Future Market Growth Rates of the Total Medical Tourism Market and Segments
Overview of Notable Emerging Competitor Companies within Each Major Region

Major Companies Profiled in the Report

Aditya Birla Health Services Ltd.
Apollo Hospitals Enterprise Ltd.
Fortis Healthcare
Asian Heart Institute
KPJ Healthcare Berhad
Nippon Telegraph and Telephone East Corporation
Samitivej PCL
Wooridul Spine Hospital
Seoul National University Hospital
Prince Court Medical Centre

Notable Emerging Companies Mentioned in the Report

Bangkok Hospital Group
Bumrungrad International Hospital
Livonta Global
Max Healthcare
Klinikum Medical Link

Key Target Audience - Organizations and Entities Who Can Benefit by Subscribing This Report

Private Hospitals Chains
Medical Tourism Service Providers
Medical Associations
Governmental Regulatory Bodies
Financial Institutions
Investors for Hospitals
Tourism Service Providers
Medical Equipment Manufacturers
Medical Researchers
Pharmaceutical Products Manufacturers
Hotel Chains Focused on Medical Tourists
Health-tech Companies

Period Captured in the Report

Historical Period: 2017-2021
Forecast Period: 2022E-2028F

For More Information on the Research Report, refer to below links: -

https://www.kenresearch.com/business-research/global-medical-tourism-market-outlook-2028/

Follow Us

https://www.linkedin.com/company/2775089/admin/

https://www.instagram.com/kenresearch/

https://www.facebook.com/kenresearch

https://twitter.com/KenResearch

https://www.youtube.com/c/KenResearchKen

Contact Us: -

Ken Research

Ankur Gupta, Head Marketing & Communications

support@kenresearch.com

+91-9015378249

Ken Research Pvt. Ltd.,
Unit 14, Tower B3, Spaze I Tech Business Park, Sohna Road, sector 49 Gurgaon, Haryana - 122001, India

Ken Research is a research based management consulting company. We provide strategic consultancy to aid clients on critical business perspective: strategy, marketing, organization, operations and technology transformation, advanced analytics, corporate finance, mergers & acquisitions and sustainability across all industries and geographies. We provide business intelligence and operational advisory across 300+ verticals underscoring disruptive technologies, emerging business models with precedent analysis and success case studies. Some of top consulting companies and Market leaders seek our intelligence to identify new revenue streams, customer/ vendor paradigm and pain points and due diligence on competition.

This release was published on openPR.