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Medical Tourism Market Projected to Garner a Revenue of $149.34 Billion by 2026, Growing at a CAGR of 12.4% from 2019-2026
Medical Tourism Market
According to the report published by Research Dive, the global medical tourism market is expected to garner a revenue of $149.34 billion by 2026 and grow at a healthy CAGR of 12.4% over the analysis period from 2019-2026.
๐๐จ๐ฐ๐ง๐ฅ๐จ๐๐ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐ง๐จ๐ฐ @ https://www.researchdive.com/download-sample/75
๐๐ฒ๐ง๐๐ฆ๐ข๐๐ฌ ๐จ๐ ๐๐ก๐ ๐๐๐ซ๐ค๐๐ญ
๐๐ซ๐ข๐ฏ๐๐ซ๐ฌ: Increasing levels of premium medical services at affordable prices are directly boosting economic growth. In addition, the emergence of several hospitals in developing nations has promoted health treatments at lower costs, attracting many patients across the world that will also favor tourism. Moreover, improving medical techniques and well-qualified doctors also lure patients to opt for medical tourism programs. These factors are estimated to drive the medical tourism market's growth during the forecast period.
๐๐๐ฌ๐ญ๐ซ๐๐ข๐ง๐ญ๐ฌ: Private hospitals charge high fees for treatments and surgeries, discouraging many patients worldwide from opting for medical tourism programs. This factor is expected to hinder the growth of the market during the forecast period.
๐๐ฉ๐ฉ๐จ๐ซ๐ญ๐ฎ๐ง๐ข๐ญ๐ข๐๐ฌ: Surging demand for affordable treatments and other healthcare services in developing nations is expected to provide abundant opportunities for the growth of the medical tourism market during the forecast timeframe from 2019-2026.
๐๐๐ ๐ฆ๐๐ง๐ญ๐ฌ ๐จ๐ ๐ญ๐ก๐ ๐๐๐ซ๐ค๐๐ญ
The report has divided the medical tourism market into a couple of segments based on service type and regional analysis.
By service type, the cancer treatment sub-segment is estimated to be the most beneficial, growing at a healthy CAGR of 14.2% during the forecast timeframe. The rising number of cancer patients is directly improving the overseas travels for better treatments. Moreover, since cancer treatment is a long-time procedure, many patients are choosing countries that offer better medical services at affordable costs. These factors are expected to bolster the growth of the medical tourism market's sub-segment by 2026.
By region, the Asia-Pacific region is expected to hold the highest market share and is predicted to grow at a CAGR of 12.2% during the analysis period. Increase in advanced machinery and healthcare facilities is estimated to drive the growth of medical tourism market in the Asia-Pacific region. In addition, affordable medical treatments and lesser government policies towards tourism is expected to further strengthen the medical tourism market's development in the region during the forecast period.
๐๐๐ช๐ฎ๐๐ฌ๐ญ ๐๐จ๐ซ ๐๐ฎ๐ฌ๐ญ๐จ๐ฆ๐ข๐ณ๐๐ญ๐ข๐จ๐ง @ https://www.researchdive.com/request-for-customization/75
๐๐๐ฒ ๐๐๐ซ๐ค๐๐ญ ๐๐ฅ๐๐ฒ๐๐ซ๐ฌ
The key players of the medical tourism market include Prince Court Medical Center, Aditya Birla Memorial Hospital, Asian Heart Institute, UZ Leuven, Asklepios Kliniken GmbH, NTT Medical Center, Apollo Hospitals Enterprise Ltd., Bumrungrad International Hospital, Fortis Healthcare, KPJ Healthcare Berhad, and many more. These key participants of the market are developing strategies for product development, merger and acquisition, partnerships and collaborations to support the market growth.
The comprehensive report also summarizes many vital aspects including financial performance of the key players of the medical tourism market, SWOT analysis, product portfolio, and the latest strategic developments.
๐๐จ๐ง๐ญ๐๐๐ญ:
๐๐ซ. ๐๐๐ก๐ข๐ฌ๐ก๐๐ค ๐๐๐ฅ๐ข๐ฐ๐๐ฅ
๐๐๐ฌ๐๐๐ซ๐๐ก ๐๐ข๐ฏ๐
๐๐ ๐๐๐ฅ๐ฅ ๐๐ญ. ๐๐ญ๐ก ๐ ๐ฅ๐จ๐จ๐ซ, ๐๐๐ฐ ๐๐จ๐ซ๐ค ๐๐ ๐๐๐๐๐
(๐) +๐๐-(๐๐๐)-๐๐๐-๐๐๐๐ (๐๐ง๐๐ข๐)
๐๐จ๐ฅ๐ฅ ๐ ๐ซ๐๐: ๐-๐๐๐-๐๐๐-๐๐๐๐
๐-๐ฆ๐๐ข๐ฅ: support@researchdive.com
๐๐๐๐ฌ๐ข๐ญ๐: https://www.researchdive.com
๐๐๐จ๐ฎ๐ญ ๐๐๐ฌ๐๐๐ซ๐๐ก ๐๐ข๐ฏ๐:
Research Dive is a market research firm based in Pune, India. Maintaining the integrity and authenticity of the services, the firm provides services that are solely based on its exclusive data model, compelled by the 360-degree research methodology, which guarantees comprehensive and accurate analysis. With unprecedented access to several paid data resources, a team of expert researchers, and strict work ethic, the firm offers insights that are extremely precise and reliable.
Scrutinizing relevant news releases, government publications, decades of trade data, and technical & white papers, Research dive delivers the required services to its clients well within the required timeframe. Its expertise is focused on examining niche markets, targeting its major driving factors, and spotting threatening hindrances. Complementarily, it also has a seamless collaboration with the major industry aficionado that further offers its research an edge.
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