Uploaded on Apr 30, 2020
Medical Tourism Market Worth $33.11 Billion By 2026 | CAGR: 20.1%
Medical Tourism Market Worth $33.11 Billion By 2026 | CAGR: 20.1%
Medical Tourism Market
Set to Exceed USD USD 31.21 billion by 2026 | CAGR
20.1%
“Medical Tourism Market Share, Size, Trends, Industry
Analysis Report By Treatment Type (Orthopedic Treatment,
Cardiovascular Treatment, Neurological Treatment,
Cosmetic Treatment, Dentistry Treatment, Other
Treatments); By Regions, Segments & Forecast, 2018 -
2026”
Medical Tourism Market Estimate & Forecast to 2026
The medical tourism market is anticipated to reach over USD 31.21 billion by 2026
according to a new research published by Polaris Market Research.
There has been a great demand for medical tourism in the years. Hence, attracting the
international customers has been a great challenge for the companies to attract the medical
travelers. These companies have potential strategies that help in creating number
awareness in the target audience. This strategy has helped successfully building the brands
and has influenced the market growth in the recent past. Furthermore, the patients
travelling for medical to the developing countries due to affordability, better and higher
level of quality of healthcare to also boost the medical tourism market in the coming years.
Considering, the cost factor for the healthcare in the U.S. continues to rise. According to the
Visa and Oxford Economics, the figure of will grow up to 25% in coming years. Also, this
increase would cover various treatment range like orthopedic surgeries, dental work, and
cosmetic surgery. However, issues with the patient follow-up and post surgical
complications, and different standards for the treatment in various countries would impede
the medical tourism market growth.
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Medical Tourism Market Scope
By Treatment Type By Region Report Attributes
Orthopedic Treatment North America Historic year: 2015-2016
Cardiovascular Treatment Europe Base year: 2017
Neurological Treatment Asia Pacific Forecast Year: 2018-2026
Cosmetic Treatment Latin America Middle East & Africa Revenue (USD Billion)
Dentistry Treatment
Other Treatments
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Medical Tourism Market Estimate & Forecast to 2026
Asia-Pacific generated the highest revenue in the medical tourism market in 2017, and is
expected to be the leading region globally during the forecast period. Increasing demand,
accessibility of healthcare facilities, increasing number of medical facilities for international
patients are the primary factors driving the market growth in this region. Additionally,
decreased cost of various treatment procedures in the countries across Asia Pacific to also
boost the market growth in coming years. Moreover, India is considered to be the leading
market followed by Brazil in the medical tourism market during the forecast period. In
addition to this, Turkey is considered to be strong contender in the market, owning to zero
waiting time for the treatment with a quality healthcare facility.
The key players operating in the medical tourism market include Bumrungrad
International hospital, Apollo Hospitals Enterprise Limited, KPJ Healthcare Berhad, Prince
Court Medical Center, Raffles Medical Group, Fortis Healthcare, and Samitivej Hospital.
These companies launch new products and collaborate with other market leaders to
innovate and launch new products to meet the increasing needs and requirements of
consumers.
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Asia-Pacific Medical Tourism Market Share By Treatment Type, 2017 - 2026
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About Us
Polaris Market Research is a global market research and consulting company. The company
specializes in providing exceptional market intelligence and in-depth business research services
for our clientele spread across different enterprises. We at Polaris are obliged to e present across
the industries of healthcare, technology, semi-conductors and chemicals among various other
industries present around the world.
We strive to provide our customers with updated information on innovative technologies, high
growth markets, emerging business environments and latest business-centric applications,
thereby helping them always to make informed decisions and leverage new opportunities. Adept
with a highly competent, experienced and extremely qualified team of experts comprising SMEs,
analysts and consultants, we at Polaris endeavor to deliver value-added business solutions to our
customers.
Web: www.polarismarketresearch.com
Official Blog: https://healthcare-market-insights.blogspot.com/
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