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Medical Tourism Market 2022 Trends, Future Demands, Emerging Technologies, Regions till 2027
Along with significant data and other pertinent information, the study evaluates the competitive landscape and global market growth trend based on the business overview and helps businesses and investment organizations better grasp the market's growth characteristics.
The Global Medical Tourism Market is registering a tremendous compound annual growth rate (CAGR) of 12% during the forecast period 2022 to 2027.
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Regional Analysis:
According to the United States, Bureau of Labor Statistics, healthcare employment is likely to grow 16% from 2020 to 2030, much faster than the average for all occupations, with about 2.6 million new jobs. This projected increase is primarily due to an aging population, which indicates a higher demand for healthcare services. In May 2021, the median annual wage for healthcare practitioners and technical sectors (such as registered nurses, physicians and surgeons, and dental hygienists) was US$ 75,040, which was higher than the economy's median annual wage of US$ 45,760.
COVID-19 Impact:
Global COVID-19 cases have climbed above 516 million as of May 2022, and the death toll has exceeded 6.25 million. COVID-19 has disproportionately impacted specific racial and ethnic minority groups, as well as underserved and marginalized communities, highlighting the persistent challenges of health equity and health outcomes.
As sector players and the customers, they serve to adapt to a new world of remote working, virtual doctor visits, and a supply chain plagued by shortages of medical goods, employees, and services, the sector is reforming to become more customer-centric.'
Major Key Players in Medical Tourism Market are:
Apollo Hospitals
Asian Heart Institute
Barbados Fertility Center
BB Health Solutions
Cosmedic Travel
Dar Al SCosmetichifa Hospital
Fortis Healthcare Limited
Healthbase
Klinikum Medical Link
KPJ Healthcare Behard
Medretreat
Raffles Medical Group
Seoul National University Hospital
Wooridul Spine Hospital
Segmental Analysis:
The segmentation section of the report focuses on every segment, along with highlighting the ones having a strong impact on the Medical Tourism Market. The segmentation served as the foundation for finding businesses and examining their financial standings, product portfolios, and future growth potential. The second step entailed evaluating the core competencies and market shares of top firms in order to predict the degree of competition. A bottom-up method was used to assess the market's overall size.
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Segmentation Overview
By Type
Outbound Medical Tourism
Inbound Medical Tourism
Domestic Medical Tourism
By Purpose
Advanced Technology
Improved care quality
Quicker access
Lower cost
By Application/Treatment type
Cardiovascular Surgery
Orthopedic Surgery
Oncology Treatment
Bariatric Surgery
Cosmetic Surgery
Dental Surgery
Fertility Treatment
Others
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Astute Analytica is a global analytics and advisory company that has built a solid reputation in a short period, thanks to the tangible outcomes we have delivered to our clients. We pride ourselves in generating unparalleled, in-depth, and uncannily accurate estimates and projections for our very demanding clients spread across different verticals. We have a long list of satisfied and repeat clients from a wide spectrum including technology, healthcare, chemicals, semiconductors, FMCG, and many more. These happy customers come to us from all across the globe.
They are able to make well-calibrated decisions and leverage highly lucrative opportunities while surmounting the fierce challenges all because we analyze for them the complex business environment, segment-wise existing and emerging possibilities, technology formations, growth estimates, and even the strategic choices available. In short, a complete package. All this is possible because we have a highly qualified, competent, and experienced team of professionals comprising business analysts, economists, consultants, and technology experts. In our list of priorities, you-our patron-come at the top. You can be sure of the best cost-effective, value-added package from us, should you decide to engage with us.
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