Medical Tourism Market Is Projected to Grow At A CAGR of 20.5% Through 2030 | Mediglobus, Healthcare Berhad, Ariamedtour

The latest study released on the Global Medical Tourism Market by HTF MI evaluates market size, trend, and forecast to 2029.
The Medical Tourism market study covers significant research data and proofs to be a handy resource document for managers, analysts, industry experts and other key people to have ready-to-access and self-analyzed study to help understand market trends, growth drivers, opportunities and upcoming challenges and about the competitors.

Key Players in This Report Include :

Asian Heart Institute (India), NTT Medical Center Tokyo (Japan), Magnus Medi (India), Seoul National University Hospital (Korea), Barbados Fertility Center (Barbados), Medical Tourism Corporation (US), Mediglobus (United kingdom), Aditya Birla Health Services Limited (India), KPJ Healthcare Berhad (Malaysia), Ariamedtour (Iran), Samitivej Hospital Group (Thailand), Apollo Hospitals Enterprise Limited (India), Remed Health (Turkey)

According to HTF Market Intelligence, the global Medical Tourism market is valued at USD 15.6 Billion in 2023 and estimated to reach a revenue of USD Billion by 2029, with a CAGR of 20.5% from 2023 to 2029.

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Definition :

Medical tourism refers to the practice of individuals traveling to other countries to seek medical treatment or healthcare services.
This phenomenon has gained popularity in recent years due to various factors, including cost savings, accessibility to specialized treatments, and the availability of high-quality medical care in certain destinations.

Market Trends :

Medical tourism was experiencing growth not only in traditional destinations like India, Thailand, and Mexico but also in emerging destinations in Eastern Europe, Latin America, and Southeast Asia.
Countries were actively promoting their healthcare services to attract international patients.

Market Drivers :

One of the primary drivers is the potential for significant cost savings. Medical procedures and treatments can be much more affordable in certain destinations compared to the same services in high-cost countries.
This includes not only the cost of the medical procedure itself but also associated expenses like hospital stays, medications, and follow-up care.

Market Opportunities :

For countries that actively promote and invest in medical tourism, there is a significant economic opportunity.
Revenue generated from international patients can contribute to economic growth, job creation, and the development of the healthcare infrastructure.

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The Global Medical Tourism Market segments and Market Data Break Down are illuminated below :

Global Medical Tourism Market Breakdown by Application (Elective cosmetic surgery, Organ transplantation, Cardiac surgery, Orthopedic surgery, Bariatric surgery, Gender changing surgery, Dentistry, Eye surgery, Others) by Type (Domestic, International) by Service Provider (Single Person Operations, Destination focused Agencies, Global Agencies) by Treatment Type (Cardiovascular Treatment, Orthopedic Treatment, Cosmetic Treatment, Bariatric Treatment, Dental Treatment, Ophthalmology Treatment, Infertility Treatment, Alternative Medicine) and by Geography (North America, South America, Europe, Asia Pacific, MEA)

Global Medical Tourism market report highlights information regarding the current and future industry trends, growth patterns, as well as it offers business strategies to helps the stakeholders in making sound decisions that may help to ensure the profit trajectory over the forecast years.

Geographically, the detailed analysis of consumption, revenue, market share, and growth rate of the following regions :

• The Middle East and Africa (South Africa, Saudi Arabia, UAE, Israel, Egypt, etc.)
• North America (United States, Mexico & Canada)
• South America (Brazil, Venezuela, Argentina, Ecuador, Peru, Colombia, etc.)
• Europe (Turkey, Spain, Turkey, Netherlands Denmark, Belgium, Switzerland, Germany, Russia UK, Italy, France, etc.)
• Asia-Pacific (Taiwan, Hong Kong, Singapore, Vietnam, China, Malaysia, Japan, Philippines, Korea, Thailand, India, Indonesia, and Australia).

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Objectives of the Report :

• -To carefully analyze and forecast the size of the Medical Tourism market by value and volume.
• -To estimate the market shares of major segments of the Medical Tourism
• -To showcase the development of the Medical Tourism market in different parts of the world.
• -To analyze and study micro-markets in terms of their contributions to the Medical Tourism market, their prospects, and individual growth trends.
• -To offer precise and useful details about factors affecting the growth of the Medical Tourism
• -To provide a meticulous assessment of crucial business strategies used by leading companies operating in the Medical Tourism market, which include research and development, collaborations, agreements, partnerships, acquisitions, mergers, new developments, and product launches.

Major highlights from Table of Contents :

Medical Tourism Market Study Coverage :

• It includes major manufacturers, emerging player's growth story, and major business segments of Medical Tourism market, years considered, and research objectives. Additionally, segmentation on the basis of the type of product, application, and technology.

• Medical Tourism Market Executive Summary :

It gives a summary of overall studies, growth rate, available market, competitive landscape, market drivers, trends, and issues, and macroscopic indicators.
• Medical Tourism Market Production by Region Medical Tourism Market Profile of Manufacturers-players are studied on the basis of SWOT, their products, production, value, financials, and other vital factors.

• Key Points Covered in Medical Tourism Market Report :

• Medical Tourism Overview, Definition and Classification Market drivers and barriers
• Medical Tourism Market Competition by Manufacturers
• Impact Analysis of COVID-19 on Medical Tourism Market
• Medical Tourism Capacity, Production, Revenue (Value) by Region (2023-2030)
• Medical Tourism Supply (Production), Consumption, Export, Import by Region (2023-2030)
• Medical Tourism Production, Revenue (Value), Price Trend by Type {Domestic, International}
• Medical Tourism Manufacturers Profiles/Analysis Medical Tourism Manufacturing Cost Analysis, Industrial/Supply Chain Analysis, Sourcing Strategy and Downstream Buyers, Marketing
• Strategy by Key Manufacturers/Players, Connected Distributors/Traders Standardization, Regulatory and collaborative initiatives, Industry road map and value chain Market Effect Factors Analysis.

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Key questions answered
How feasible is Medical Tourism market for long-term investment?
What are influencing factors driving the demand for Medical Tourism near future?

What is the impact analysis of various factors in the Global Medical Tourism market growth?
What are the recent trends in the regional market and how successful they are?
Thanks for reading this article; you can also get individual chapter wise section or region wise report version like North America, Middle East, Africa, Europe or LATAM, Southeast Asia.

Thanks for reading this article; HTF MI also offers Custom Research services providing focused, comprehensive, and tailored research according to clientele objectives. Thanks for reading this article; you can also get individual chapter-wise sections or region-wise reports like Balkan, China-based, Japanese, German, North American, Europe, or Southeast Asia.

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This release was published on openPR.