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Medical Tourism - Global Strategic Business Report

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    Report

  • 542 Pages
  • July 2024
  • Region: Global
  • Global Industry Analysts, Inc
  • ID: 4845879
The global market for Medical Tourism is estimated at US$108.1 Billion in 2023 and is projected to reach US$264.4 Billion by 2030, growing at a CAGR of 11.8% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.

Key Insights:

  • Market Growth: Understand the significant growth trajectory of the Cardiovascular Treatment segment, which is expected to reach US$45.6 Billion by 2030 with a CAGR of 9%. The Cancer Treatment segment is also set to grow at 11.6% CAGR over the next 8 years.
  • Regional Analysis: Gain insights into the U.S. market, estimated at $30.5 Billion in 2023, and China, forecasted to grow at an impressive 16.2% CAGR to reach $46.7 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.

Why You Should Buy This Report:

  • Detailed Market Analysis: Access a thorough analysis of the Global Medical Tourism Market, covering all major geographic regions and market segments.
  • Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
  • Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Medical Tourism Market.
  • Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.

Key Questions Answered:

  • How is the Global Medical Tourism Market expected to evolve by 2030?
  • What are the main drivers and restraints affecting the market?
  • Which market segments will grow the most over the forecast period?
  • How will market shares for different regions and segments change by 2030?
  • Who are the leading players in the market, and what are their prospects?

Report Features:

  • Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030.
  • In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
  • Company Profiles: Coverage of major players such as Aditya Birla Memorial Hospital, Apollo Hospitals Enterprise Ltd., Asian Heart Institute, and more.
  • Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.

Select Competitors (Total 160 Featured):

  • Aditya Birla Memorial Hospital
  • Apollo Hospitals Enterprise Ltd.
  • Asian Heart Institute
  • Barbados Fertility Center
  • Fortis Healthcare Ltd.
  • NTT Medical Center Tokyo
  • Prince Court Medical Centre
  • Samitivej Sukhumvit Hospital
  • Seoul National University Hospital
  • UZ Leuven
  • Wooridul Hospital

MarketGlass Platform

Our reports are enhanced by the MarketGlass platform, which brings together industry experts and influencers to provide high-quality, accurate insights. This unique platform allows us to gather comprehensive data and market perspectives, ensuring you receive the most reliable and detailed analysis available.

Table of Contents

I. METHODOLOGYII. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
  • Global Economic Update
  • Although Declining for the First Time Since the Russia-Ukraine War, Global Oil Prices Still Remains Higher Than 2019 Levels Which In Turn Will Take Inflation Longer Than Expected to Fall: Global Average Annual Brent Crude Oil Price (In US$ Per Barrel) for Years 2017 through 2024
  • Slower Than Anticipated Decline Makes Inflation a Stickier Than Expected Problem to Solve in 2023: Global Inflation Rates (In %) for the Years 2019 through 2024
  • Global Economy Slowly Limps Towards Recovery, Resiliently Navigating the War & Decades-High Inflation: World Economic Growth Projections (Real GDP, Annual % Change) for the Years 2020 Through 2024
  • Inflation Battling Policy Measures to Slowdown Post Pandemic Recovery in Unemployment Rates: Global Number of Unemployed People (In Million) for Years 2019 Through 2024
  • How the Healthcare Industry Has Been Impacted by the Pandemic & What’s the New Normal?
  • With the COVID-19 Pandemic Exposing Global Healthcare Unpreparedness, There is Increasing Policy Led Focus on Rebooting Health Systems Worldwide: Healthcare Costs as a % of GDP by Country for the Years 2020 & 2023
  • Competitive Scenario
  • Medical Tourism - Global Key Competitors Percentage Market Share in 2023 (E)
  • Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2023 (E)
  • Medical Tourism: A Prelude
  • Medical Tourism: A Sheer Force Aiding Transformative Backdrop for Healthcare Sector
  • Medical Procedures as Strong Pillars at Foundation of Medical Tourism Castle
  • Medical Tourism & Investment Migration Programs Open Exciting Economic Avenues
  • Medical Tourism: Revolutionizing Patient Experiences
  • Medical Tourism Experiencing Rapid Growth
  • Major Drivers and Challenges in the Medical Tourism Industry
  • Technology Trends to Influence Market Uptake
  • Role of Digital Technology in Reshaping the Medical Tourism Industry
  • Hybrid Medical Tourism Experience - The Future
  • Private Sector Dominates the Industry
  • Star Performers of the Pulsating Medical Tourism Landscape
  • Innovation Drives Malaysia’s Medical Tourism
  • USA: Prime Medical Tourism Destination
  • UK and Germany: A Lucrative Medical Tourism Market
  • Chinese Medical Tourism Outlook
  • South Korea to Impact the Market Growth of Medical Tourism
  • Technological Advancements Changing The face of Health Tourism in Asia and South America
  • Recent Market Activity
  • Influencer Market Insights
  • Select Global Brands
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
  • Medical Tourism Getting Transformed by the Technology of Artificial Intelligence
  • Artificial Intelligence: The Pill of Choice for Radical Evolution of Medical Tourism
  • Technological Advancements to Benefit the Medical Tourism Industry
  • IR 4.0 Technologies to Propel Growth of Medical Tourism
  • Medical Tourism Destinations to Win Competition Based on Adoption of the Most Disruptive Technologies
  • Medical Tourism Emerges Stronger Post Pandemic with Many Pandemic-Induced Changes to Healthcare Delivery Models Staying On
  • Medical Tourism Market on Fast Track to Glory with Interplay of Dynamic Trends
  • Rising Healthcare Costs Drive Demand for Medical Tourism
  • World Healthcare Expenditure (In US$ Billion) for the Years 2017-2023
  • Aging Population to Propel the Demand for Medical Tourism
  • Global Aging Population Statistics for the 65+ Age Group in Million by Geographic Region for the Years 2019, 2025, 2035 and 2050
  • Unprecedented Spike in CAD Cases Drives the Medical Tourism Market
  • Global Annual Medical Cost of CVD in US$ Billion: 2010, 2015, 2020, 2025 and 2030
  • Fatalities by Heart Conditions - Estimated Percentage Breakdown for Cardiovascular Disease, Ischemic Heart Disease, Stroke, and Others
  • Incidence of Heart Failure (In 000s) in the U.S. by Gender for the Year 2022
  • Ageing Demographics and Longer Life Expectancy Bolsters Market Growth
  • Elderly Population (65+ Years) as a % of Total Population by Developed, Less Developed and Least Developed Regions: 2019 & 2030
  • Rising Healthcare Expenditure: Opportunities in Store
  • Diabetics at Higher Risk of Heart Diseases to Propel Market Demand
  • Diabetes Prevalence Worldwide by Region: Number of Adults (20-79 Years) with Diabetes in 2015 and 2040
  • Significant Increase in Number of Patients Suffering from Chronic Diseases Fuel Demand for Medical Tourism
  • Global Cost of Chronic Diseases (In US$ Billion) for the Years 2018 and 2030
  • Fatalities by Heart Conditions: Estimated Percentage Breakdown for Cardiovascular Disease, Ischemic Heart Disease, Stroke, and Others
  • Global Cancer Incidence: Number of New Cancer Cases in Million for the Years 2018, 2020, 2025, 2030, 2035 and 2040
  • Number of New Cancer Cases and Deaths (in Million) by Region for 2018
  • Breakdown of Total Number of Cancer Cases by Type: 2020
  • Rise in Geriatric & Disabled Population Fuels Need for Medical Tourism
  • Increasing Incidence of Musculoskeletal Disorders and Chronic Medical Conditions Propels Market Growth
  • Osteoarthritis & Osteoporosis: Major Health Conditions Affecting Mobility in the Elderly
  • Global Osteoporosis Prevalence: Number of People with Osteoporosis in Millions by Select Country/Region for 2012 and 2022E
  • % of Women Affected by Osteoporosis
  • Fertility Medical Tourism Continues to Rise amid Controversies
  • Growing Popularity of Beauty & Wellness & Post Pandemic Optimism for a Recovery Bodes Well for Medical Tourism
  • Efforts to Push Beauty & Wellness Tourism
  • Beauty & Wellness Tourism to Attain Greater Heights in Post-Pandemic Era
  • Rise in Dental Tourism Across Emerging Nations: A Significant Growth Opportunity
  • Global Dental Tourism Market Size (in US$ billion) for 2019, 2022 & 2025
  • Global Cosmetic Dentistry Market Size (in US$ Billion) for the Years 2018, 2021 and 2024
  • Challenges Facing the Medical Tourism Industry
4. GLOBAL MARKET PERSPECTIVE
  • Table 1: World Medical Tourism Market Analysis of Annual Sales in US$ Million for Years 2014 through 2030
  • Table 2: World Recent Past, Current & Future Analysis for Medical Tourism by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Revenues in US$ Million for Years 2022 through 2030 and % CAGR
  • Table 3: World Historic Review for Medical Tourism by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Revenues in US$ Million for Years 2014 through 2021 and % CAGR
  • Table 4: World 16-Year Perspective for Medical Tourism by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets for Years 2014, 2023 & 2030
  • Table 5: World Recent Past, Current & Future Analysis for Cardiovascular by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Revenues in US$ Million for Years 2022 through 2030 and % CAGR
  • Table 6: World Historic Review for Cardiovascular by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Revenues in US$ Million for Years 2014 through 2021 and % CAGR
  • Table 7: World 16-Year Perspective for Cardiovascular by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
  • Table 8: World Recent Past, Current & Future Analysis for Cancer by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Revenues in US$ Million for Years 2022 through 2030 and % CAGR
  • Table 9: World Historic Review for Cancer by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Revenues in US$ Million for Years 2014 through 2021 and % CAGR
  • Table 10: World 16-Year Perspective for Cancer by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
  • Table 11: World Recent Past, Current & Future Analysis for Cosmetic by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Revenues in US$ Million for Years 2022 through 2030 and % CAGR
  • Table 12: World Historic Review for Cosmetic by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Revenues in US$ Million for Years 2014 through 2021 and % CAGR
  • Table 13: World 16-Year Perspective for Cosmetic by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
  • Table 14: World Recent Past, Current & Future Analysis for Orthopedic by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Revenues in US$ Million for Years 2022 through 2030 and % CAGR
  • Table 15: World Historic Review for Orthopedic by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Revenues in US$ Million for Years 2014 through 2021 and % CAGR
  • Table 16: World 16-Year Perspective for Orthopedic by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
  • Table 17: World Recent Past, Current & Future Analysis for Fertility by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Revenues in US$ Million for Years 2022 through 2030 and % CAGR
  • Table 18: World Historic Review for Fertility by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Revenues in US$ Million for Years 2014 through 2021 and % CAGR
  • Table 19: World 16-Year Perspective for Fertility by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
  • Table 20: World Recent Past, Current & Future Analysis for Other Treatment Types by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Revenues in US$ Million for Years 2022 through 2030 and % CAGR
  • Table 21: World Historic Review for Other Treatment Types by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Revenues in US$ Million for Years 2014 through 2021 and % CAGR
  • Table 22: World 16-Year Perspective for Other Treatment Types by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
  • Table 23: World Recent Past, Current & Future Analysis for Private by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Revenues in US$ Million for Years 2022 through 2030 and % CAGR
  • Table 24: World Historic Review for Private by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Revenues in US$ Million for Years 2014 through 2021 and % CAGR
  • Table 25: World 16-Year Perspective for Private by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
  • Table 26: World Recent Past, Current & Future Analysis for Public by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Revenues in US$ Million for Years 2022 through 2030 and % CAGR
  • Table 27: World Historic Review for Public by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Revenues in US$ Million for Years 2014 through 2021 and % CAGR
  • Table 28: World 16-Year Perspective for Public by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
III. MARKET ANALYSIS
UNITED STATES
  • Medical Tourism Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2023 (E)
CANADA
  • Medical Tourism Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Canada for 2023 (E)
JAPAN
  • Medical Tourism Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Japan for 2023 (E)
CHINA
EUROPE
  • Medical Tourism Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2023 (E)
FRANCEGERMANYITALYUNITED KINGDOMSPAINTURKEYREST OF EUROPE
ASIA-PACIFIC
  • Medical Tourism Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Asia-Pacific for 2023 (E)
INDIASOUTH KOREATHAILANDREST OF ASIA-PACIFIC
LATIN AMERICA
  • Medical Tourism Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Latin America for 2023 (E)
BRAZILMEXICOREST OF LATIN AMERICA
MIDDLE EAST
  • Medical Tourism Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Middle East for 2023 (E)
AFRICAIV. COMPETITION

Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

  • Aditya Birla Memorial Hospital
  • Apollo Hospitals Enterprise Ltd.
  • Asian Heart Institute
  • Barbados Fertility Center
  • Fortis Healthcare Ltd.
  • NTT Medical Center Tokyo
  • Prince Court Medical Centre
  • Samitivej Sukhumvit Hospital
  • Seoul National University Hospital
  • UZ Leuven
  • Wooridul Hospital

Table Information