Press release
Medical Tourism Market Set to Surge Significantly During 2024 - 2031 | MOHW Hengchun Tourism Hospital, Apollo Hospitals Enterprise Ltd.
Medical Tourism Market
The medical tourism market is estimated to be valued at USD 14.56 Bn in 2024 and is expected to reach USD 34.69 Bn by 2031, growing at a compound annual growth rate (CAGR) of 13.2% from 2024 to 2031.
Market Dynamics:
The global medical tourism market is expected to witness significant growth over the forecast period owing to increasing medical costs in developed nations such as the United States and countries in Europe. Treatment costs in countries like India and Thailand are nearly 80% lower than in most Western countries. Additionally, long waiting times for treatments in countries with socialized healthcare systems are also driving medical travelers to seek faster treatment options abroad. Specialty treatments like orthopedic surgeries, cardiac procedures, oncology and fertility treatments attract the most medical tourists. Cheaper treatments with comparable and sometimes better quality of care than in developed countries is boosting the market growth.
🔶Sample Copy of the Report @ https://www.coherentmarketinsights.com/insight/request-sample/6875
Medical Tourism Market Drivers
Lower Costs of Medical Procedures Drive Patients to Travel Internationally for Care
The costs of surgeries, treatments and procedures are substantially lower in many nations popular for medical tourism compared to prices in developed nations like the United States. Some estimates show costs for the same treatments can be up to 80% less in destinations like India, Thailand and Mexico. This significant cost savings is a huge motivator for patients, especially those without adequate health insurance coverage domestically or needing procedures not covered. As healthcare costs continue rising globally but remain low in select countries, more patients will look abroad for affordable solutions.
Medical Tourism Market Opportunity
Ageing Populations Raise Demand for Procedures Worldwide
With advanced healthcare extending lifespans, population ageing is a global trend. The proportion of elderly citizens grows in nearly all nations each year. This "silver tsunami" carries both challenges and opportunities for the medical tourism sector. Older populations typically need more diagnostic tests, surgeries and chronic disease treatments. As demand increases, waits grow longer even in wealthier countries. This rising need creates an opportunity for medical travel facilitators to connect international patients with the timely, affordable care they require. By catering to the ageing segment through senior-friendly packages and services, the industry can expand.
Medical Tourism Market Trend
Wellness Travel Integration Drives Preventative and Lifestyle Focus
A growing trend emerging is the blending of medical and wellness travel. Vacation packages now combine surgical or diagnostic procedures with spa, yoga, diet and lifestyle programs. This acknowledges how optimal health depends on preventative measures and holistic self-care, not just treatment of acute issues. Cross-selling different components of health management helps cultivate client loyalty and repeat business. Visitors achieve double benefits from "treating and retreating" during one overseas trip. Moreover, the wellness aspect has a wider appeal beyond strict medical patients alone. Bundling medical and preventative options widens the target audience and better positions destinations as total health havens.
🔶Request For Customization at: @ https://www.coherentmarketinsights.com/insight/request-customization/6875
Top Companies Featured in This Report:
★ MOHW Hengchun Tourism Hospital
★ Apollo Hospitals Enterprise Ltd.
★ Bumrungrad International Hospital
★ Mount Elizabeth Hospitals
★ Raffles Medical Group
★ Dr. B. L. Kapur Memorial Hospital
★ Kasemrad Hospital International Rattanathibet
★ Mission Hospital
★ Bangkok Hospital
★ Miot Hospital
★ Penang Adventist Hospital
★ Aditya Birla Memorial Hospital
★ Asian Heart Institute
★ Barbados Fertility Center
★ Fortis Healthcare Limited
★ KPJ Healthcare Berhad
★ NTT Medical Center Tokyo
★ Prince Court Medical Centre
Market Segmentation:
By Product Type:
★ By Service Provider: Public and Private
★ By Treatment Type: Orthopedic Treatment , Cosmetic Treatment , Bariatric Treatment , Dental Treatment , Ophthalmology Treatment , Infertility Treatment , Alternative Medicine , and Other Services
Key Regions/Countries are Classified as Follows:
North America (U.S., Canada, Mexico)
Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of APAC)
South America (Brazil, Argentina, Rest of SA)
Middle East & Africa (Turkey, Saudi Arabia, Iran, UAE, Africa, Rest of MEA)
Reasons to Obtain Our Comprehensive Market Report:
• Conduct an extensive analysis of various aspects of the Medical Tourism Market utilizing Porter's Five Forces framework.
• Gain insights into the growth rate and market shares of different product types and applications/end-users within the Medical Tourism Market.
• Explore the Medical Tourism Market dynamics across different regions through comprehensive regional analysis.
• Assess the impact of Covid-19 on the Medical Tourism Market with a meticulous research approach.
• Stay updated on the latest developments, market shares, and strategies of key market players within the Medical Tourism Market.
• Delve into a thorough evaluation of the market strategies, geographical presence, and business segments of the top players in the Medical Tourism Market.
• Anticipate key challenges, product advancements, and solutions that may influence the market's progression and threats.
🔶You Can Purchase Complete Report @ https://www.coherentmarketinsights.com/insight/buy-now/6875
Key Questions Answered:
• What was the size of the Medical Tourism Market in 2021, and what will it be worth by 2030?
• What is the current global scenario for the Medical Tourism Market?
• What are the optimal business strategies for maximizing growth potential?
• What are the recent trends in the Medical Tourism Market?
• What is the market share in terms of revenue, sales, and size in specific geographical regions?
• Who are the key industry players in the Medical Tourism Market?
• Which segments of the Medical Tourism Market are in high demand?
Author Bio:
Money Singh is a seasoned content writer with over four years of experience in the market research sector. Her expertise spans various industries, including food and beverages, biotechnology, chemical and materials, defense and aerospace, consumer goods, etc. (https://www.linkedin.com/in/money-singh-590844163)
Contact Us
Mr. Shah
Coherent Market Insights Pvt Ltd,
533 Airport Boulevard, Suite 400, Burlingame, CA 94010, United States
Email: sales@coherentmarketinsights.com
United States of America: +1-206-701-6702
United Kingdom: +44-020-8133-4027
Japan: +050-5539-1737
India: +91-848-285-0837
About Us
Coherent Market Insights is a global market intelligence and consulting organization that provides syndicated research reports, customized research reports, and consulting services. We are known for our actionable insights and authentic reports in various domains including aerospace and defense, agriculture, food and beverages, automotive, chemicals and materials, and virtually all domains and an exhaustive list of sub-domains under the sun. We create value for clients through our highly reliable and accurate reports. We are also committed in playing a leading role in offering insights in various sectors post-COVID-19 and continue to deliver measurable, sustainable results for our clients.
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 Medical Tourism Market Set to Surge Significantly During 2024 - 2031 | MOHW Hengchun Tourism Hospital, Apollo Hospitals Enterprise Ltd. here
News-ID: 3546492 • Views: …
More Releases from CMI
New Report: Topical Pain Relief Market Set for Rapid Expansion 2025-2032 | Johns …
The Topical Pain Relief Market : A thorough analysis of statistics about the current as well as emerging trends offers clarity regarding the Topical Pain Relief Market dynamics. The report includes Porter's Five Forces to analyze the prominence of various features such as the understanding of both the suppliers and customers, risks posed by various agents, the strength of competition, and promising emerging businesspersons to understand a valuable resource. Also,…
How the Endocrinology Drug Market Evolve by 2032 - Growth, Segments, and Revenue …
Endocrinology Drug Market is estimated to be valued at USD 74.11 Bn in 2025 and is expected to reach USD 99.51 Bn by 2032, growing at a compound annual growth rate (CAGR) of 4.3% from 2025 to 2032.
The Endocrinology Drug Market : A thorough analysis of statistics about the current as well as emerging trends offers clarity regarding the Endocrinology Drug Market dynamics. The report includes Porter's Five Forces to…
Single Cell Analysis Market: Future Trends & Opportunity Outlook to 2032 | 10X G …
Overview
The "Single Cell Analysis Market 2025 Forecast to 2032" report delivers precise global, regional, and country-level insights backed by reliable economic analysis. It presents a clear view of the competitive environment and includes a detailed supply chain study to help businesses anticipate shifts in industry practices. The study also assesses the present market scenario of the Single Cell Analysis industry and outlines future growth prospects, technological developments, investment opportunities, and…
Elastomeric Infusion Pumps Market to hit US$ 2,359.03 Mn by 2032 - Coherent Mark …
The Elastomeric Infusion Pumps Market Research Report is the result of extensive research and analysis conducted by our team of experienced market researchers. It encompasses a wide range of critical factors influencing the Elastomeric Infusion Pumps Market Growth from 2025 to 2032, including competitive landscape, consumer behavior, and technological advancements. This report serves as a valuable resource for industry players, helping them make informed decisions and stay ahead of the…
More Releases for Medical
ECG Analysis System Market Research Report 2022 - GE Medical, Medical Econet, Gr …
A recent market research report added to repository of MR Accuracy Reports is an in-depth analysis of global ECG Analysis System. On the basis of historic growth analysis and current scenario of ECG Analysis System place, the report intends to offer actionable insights on global market growth projections. Authenticated data presented in report is based on findings of extensive primary and secondary research. Insights drawn from data serve as excellent…
ECG Analysis System Market Outlook: 2020 The Year On A Positive Note | GE Medica …
DataIntelo report titled Global ECG Analysis System Market provides detailed information and overview about the key influential factors required to make well informed business decision. This is a latest report, covering the current COVID-19 impact on the market. The pandemic of Coronavirus (COVID-19) has affected every aspect of life globally. This has brought along several changes in market conditions. The rapidly changing market scenario and initial and future assessment of…
Medical Tracheostomy Tube Market Overall Study Report 2020-2027 | Players Medtro …
The latest report added by Stratagem Market Insights gives deep insights into the drivers and restraints in the Worldwide Medical Tracheostomy Tube Market. The research report "Global Medical Tracheostomy Tube Market Size and Growth Forecast to 2027" provide a comprehensive take on the overall market. Analysts have carefully evaluated the milestones achieved by the global Medical Tracheostomy Tube market and the current trends that are likely to shape its future.…
Global Embolization Particle Market 2019 - Sirtex Medical, Merit Medical, Cook M …
The global "Embolization Particle Market" report delivers a comprehensive and systematic framework of the Embolization Particle market at a global level that includes all the key aspects related to it. The data is collected from different sources allied to the global Embolization Particle market and the research team meticulously analyze the gathered data with the help of various analytical tools and present their opinion based on analysis and calculations. The…
Medical Casting & Splinting Market 2019: Top Key players are 3M, DJO Global, BSN …
Medical Casting & Splinting Market 2019 Report analyses the industry status, size, share, trends, growth opportunity, competition landscape and forecast to 2025. This report also provides data on patterns, improvements, target business sectors, limits and advancements. Furthermore, this research report categorizes the market by companies, region, type and end-use industry.
Get Sample Copy of this Report@ https://www.researchreportsworld.com/enquiry/request-sample/13718924
Global Medical Casting & Splinting market 2019 research provides a basic overview of…
Global Oxygen Pressure Regulator Market 2017 : Precision Medical, Smiths Medical …
Oxygen Pressure Regulator
A market study based on the " Oxygen Pressure Regulator Market " across the globe, recently added to the repository of Market Research, is titled ‘Global Oxygen Pressure Regulator Market 2017’. The research report analyses the historical as well as present performance of the worldwide Oxygen Pressure Regulator industry, and makes predictions on the future status of Oxygen Pressure Regulator market on the basis of this analysis.
Get Free…
