Medical Tourism Market Grows Invasively: Confirms MRFR Unleashing Market Prognostications Up To 2022

Market Research Future published a Cooked research “Global Medical Tourism Market Research Report - Forecast to 2022” - Market Analysis, Scope, Stake, Progress, Trends and Forecast up to 2022

Medical tourism market information: by treatment types (orthopedic/spine treatments, oncology/cancer treatments, cosmetic treatments, cardiovascular/cardiology treatments, dental treatments, neurology/neurosurgery treatments, fertility/IVF treatments, others) - Forecast till 2023
According to a recent study report published by the Market Research Future, The global market of Medical Tourism is projected to grow at a rapid pace during the forecast period (2017 – 2022). The Market is forecasted to account for a surplus growth with a striking CAGR between 2017 and 2022.
The striking growth of Medical Tourism Market is attributed to the advanced and cost effective technologies, states the Research Analyst responsible for the contribution to the in depth Market study report by the Market Research Future. The increasing globalization, increasing global capital funding and advancement in medical technology has led to the betterment of international healthcare services. Medical Tourism Market is majorly led by the Medical excellence along with international accreditation. Increasing accredited facilities is a prime factor propelling the market growth of Medical Tourism.
However, medical tourists are highly prone to a wide variety of health risks after they return. The conditions may include TB, paratyphoid, amoebic dysentery, deep vein thrombosis, and more; usually caused due to poor post-operative care and inadequate rest. This could affect the market to some extent. Additionally, factors such as stringent documentation processes, issues related to visa approval, and limited insurance coverage are also anticipated to pose as a challenge to the growth of the Medical Tourism global market.
Sample Report Available at https://www.marketresearchfuture.com/sample_request/1975 .
Medical Tourism refers to the activity where patients travel across borders for the purpose of better health and treatment. It is estimated that thousands of US residents travel abroad for healthcare each year. Many factors influence the decision to seek medical care overseas such as cost effective surgeries & procedures, quality of the service which includes technical or mechanical quality and serviceable or functional quality in healthcare sector. The history of Medical Tourism goes back to the ancient civilizations. Medical Tourism is as old as health care itself since then, Medical Tourism has grown in terms of travellers and destinations. Nowadays, people travel for medical treatments primarily because of affordable, quality health care. Having said that, developing countries have become popular destinations for patients. In terms of treatments and health care, there are some markets across the globe which rank as top attractions in terms of Medical Tourism, such as Malaysia, Thailand and Turkey. As in Thailand, tourism has precisely been clubbed in with medical treatment. Hospitals have incorporated help desks in terms of language support.
Medical Tourism Market – Competitive Analysis
Characterized by the presence of several major players, having international recognition; the global market of Medical Tourism appears to be highly fragmented and competitive. Marketers compete based upon price and brand reinforcement. Well established players incorporate acquisition, collaboration, partnership, expansion, and technology launch in order to gain competitive advantage in this market and to maintain their market position.
Medical Tourism Market – Segments
The Medical Tourism Market is segmented in to 2 key dynamics for the convenience of the report and enhanced understanding;
Segmentation By Treatment : Comprises Cosmetic Surgery, Dentistry, Cardiology/Cardiac Surgery, Orthopaedic Surgery, Bariatric Surgery, Fertility/Reproductive System, Organ and Tissue Transplantation, Eye Surgery and Others.
Segmentation By Regions : Comprises Geographical regions - North America, Europe, APAC and Rest of the World.
Segment Cosmetic Treatments accounts for the largest market share which is 20%; followed by Dental and Orthopaedic/ Spine Treatments Segments which is 15% of market share
Cardiovascular/ Cardiology Treatments account for 13% of the market share.
Neurology/ Neurosurgery Treatments, Fertility/ IVF Treatments and other hold for 10%, 8% and 6% of market share respectively.
Browse complete report at https://www.marketresearchfuture.com/reports/medical-tourism-market-1975 .

Cancer therapy, cardiovascular surgeries, Orthopaedic treatments, Dentistry, Cosmetic Surgeries, Reproductive treatments, Weight loss therapies, and health screenings etc are some of the top treatments people travel abroad for. Sometimes it is also for to seek second opinion from specialist doctors out of their countries.
High treatment costs and lengthy waiting times for medical procedures, being the two major factors in driving medical tourism, are also supported by easier and cheaper international travel. While the U.K.’s population prefers to travel abroad for bypassing long waits, patients from the U.S. travel outside for availing of treatments at cheaper costs.

Medical Tourism Market – Regional Analysis
Globally North America is the largest market for Medical Tourism. The North American market for Medical Tourism is expected to reach astronomical amounts by the end of the forecasted period. Europe is the second-largest market for Medical Tourism which is expected to grow at a substantial CAGR during the forecast period. Asia Pacific region is expected to be fastest growing region in Medical Tourism market.
Medical Tourism Market in India is booming attributed to the latest, low-cost technologies. The industry has evolved into a fully-fledged luxury market. Latest medical technologies in Indian hospitals at a lower cost is majorly contributing towards the country emerging as the premier Medical Tourism hub of the world. Treatments provided in India from accredited facilities are at par with any developed country in the world but at a lower cost, thus making giving Medical Tourism a competitive advantage over others. The digitisation in the health industry will also make the flow of foreign patients easier in the upcoming time.

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