Medical Tourism Market 2023 Latest Insights, Growth Rate, Future Trends And Forecast | Key Players : Apollo Hospital Enterprise Limited, Prince Court Medical Centre, Bumrungrad International Hospital
As per the medical tourism market report by The Business Research Company, the high healthcare cost in developed countries is driving growth in the medical tourism market as developing countries are able to provide cheaper treatment. Patients usually travel to developing countries with quality healthcare infrastructure and low healthcare costs.
The global medical tourism market size will grow from $35.77 billion in 2022 to $39.95 billion in 2023 at a compound annual growth rate (CAGR) of 11.7%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global medical tourism market size is expected to grow to $59.67 billion in 2027 at a CAGR of 10.5%.
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Major players in the Medical Tourism market are Apollo Hospital Enterprise Limited, Prince Court Medical Centre, Bumrungrad International Hospital, KPJ Healthcare Berhad, Fortis Health Ltd., Raffles Medical Group, Bangkok Hospital Medical Centre, Samitivej PCL., Min-Sheng General Hospital and Asian Heart Institute.
The Medical Tourism market is segmented -
1) By Treatment Type: Cosmetic Treatment, Dental Treatment, Cardiovascular Treatment, Orthopedics Treatment, Bariatric Treatment, Fertility Treatment, Opthalmic Treatment, Other Treatments
2) By Type: Domestic, International
3) By Healthcare Service: Medical Treatment, Wellness, Alternative Treatment
4) By Service Providers: Public, Private
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Medical tourism is the process of travelling to another country solely for the reasons of medical treatment. It is useful for people living in countries where appropriate medical facilities are not available.
The Table Of Content For The Medical Tourism Market Include:
1. Executive Summary
2. Medical Tourism Market Characteristics
3. Medical Tourism Market Trends And Strategies
4. Medical Tourism Market - Macro Economic Scenario
5. Medical Tourism Market Size And Growth
27. Medical Tourism Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Medical Tourism Market
29. Medical Tourism Market Future Outlook and Potential Analysis
The "Global Medical Tourism Market Report 2023" from The Business Research Company is a comprehensive report that covers every facet of a market covering over 60 geographies and over 2500 market segments. The regional and country breakdowns section analyzes the market in each geography and the market size by region and country. Furthermore, it assesses the market's historical and projected growth and identifies significant trends and strategies that companies can leverage for business expansion.
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