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Medical Tourism Market Size, Share & Trends Analysis Report By Country (Turkey, Costa Rica, Thailand, India, Mexico, Singapore, Brazil, Malaysia, Taiwan, Colombia, South Korea), And Segment Forecasts, 2019 - 2026

  • ID: 4753454
  • Report
  • Region: Brazil, Colombia, Costa Rica, India, Malaysia, Mexico, Singapore, South Korea, Taiwan, Thailand, Turkey
  • 140 pages
  • Grand View Research
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FEATURED COMPANIES

  • Artemis Hospitals
  • Asian Heart Institute
  • Bangkok Hospital
  • Fortis Hospital
  • Hospital San José
  • Mexicali Bariatric Center
  • MORE
The global medical tourism market size is expected to reach USD 179.6 billion by 2026, registering a 21.9% CAGR during the forecast period. Medical tourism generates direct foreign exchange income and contributes to the overall development of any economy. It also provides employment and business opportunities for residents. Moreover, it aids the growth of associated businesses such as pharmaceuticals, medical devices, and tourism. Government support to maintain the general reputation and political stability of the host country is a key factor driving the medical tourism market.

Government authorities are willing to invest in local enterprises to capitalize on the growth of medical tourism. Such government bodies have been authorizing projects that help in the overall development of infrastructure in a country, such as public transport system and water supply facilities, to attract high-end medical travelers.

Medical tourism has led to a rise in state-of-the-art medical facilities in developing countries to attract foreign nationals, resulting in fast growth of healthcare infrastructure in such countries. Moreover, healthcare providers now offer comprehensive medical tourism packages that include services ranging from ticket booking to hotel stay and medical insurance.

Thailand dominated the market in terms of revenue in 2018 owing to low cost and good quality medical services offered in the country. In 2016, Thailand ranked 18th in the International Healthcare Research Center’s Medical Tourism Index. Moreover, the country ranked 13th on the same index in terms of quality of facilities and services provided owing to well-developed healthcare infrastructure and increasing number of medical professionals. Thailand is also home to Asia’s first largest private hospital, Bumrungrad International Hospital, which is also the first hospital to receive a JCI accreditation and ISO 9001 certification. Till date, over 53 private hospitals have received JCI accreditation.

Further key findings from the report suggest:
  • While Thailand is popular for cosmetic procedures, India is most preferred for cardiovascular and orthopedic procedures. Brazil and Costa Rica, on the other hand, are preferred for dental procedures
  • Thailand dominated the market in terms of revenue in 2018 due to the massive difference in treatment cost compared to developed countries. Around 2.4 million people visited Thailand to seek medical care in 2017 owing to low cost and good quality medical services
  • Singapore, Colombia, Taiwan, and Spain are some of the fastest growing medical tourism destinations in this market. Medical tourism is an important source of revenue generation for these countries, boasting advanced healthcare infrastructure and skilled manpower to cater to international patients
  • Bumrungrad International Hospital and Apollo Hospitals Enterprise Ltd. are the leading treatment destinations for medical tourism in Thailand and India respectively. Other prominent examples include Mexicali Bariatric Center in Mexico and TMC Fertility in Malaysia.

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Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • Artemis Hospitals
  • Asian Heart Institute
  • Bangkok Hospital
  • Fortis Hospital
  • Hospital San José
  • Mexicali Bariatric Center
  • MORE
Chapter 1 Methodology
1.1 Research Methodology
1.1.1 Information procurement
1.2 Information or Data Analysis
1.3 Market Formulation & Validation
1.4 Region Wise Market Calculation
1.4.1 Region Wise Market: Base Estimates
1.4.2 Global Market: CAGR Calculation
1.5 Model Details
1.5.1 Commodity flow analysis (Model 1)
1.5.2 Volume price analysis (model 2)

Chapter 2 Executive Summary
2.1 Market Summary

Chapter 3 Industry Outlook
3.1 Market Segmentation
3.2 Market Variable Analysis
3.2.1 Market driver analysis
3.2.1.1 Rising number of medical tourists due to high treatment costs in their native countries
3.2.1.2 Limited insurance coverage in some countries attracts patients to medical tourism destinations
3.2.1.3 Easier treatment accessibility for patients
3.2.2 Market restraint analysis
3.2.2.1 Fear of infectious diseases risks the demand for medical tourism
3.2.2.2 Lack of geographical and cultural proximity
3.3 Penetration & Growth Prospect Mapping
3.4 Business Environment Analysis tools
3.4.1 SWOT Analysis, by PEST
3.4.1.1 Political & Legal
3.4.1.2 Economic
3.4.1.3 Technological
3.4.2 Porter’s five forces analysis
3.4.2.1 Bargaining power of buyers: Moderate
3.4.2.2 Bargaining power of suppliers: Moderate
3.4.2.3 Competitive rivalry: High
3.4.2.4 Threat of new entrants: High
3.4.2.5 Threat of substitutes: High
3.5 Medical Tourism Market: Recent Trends & Advancements
3.6 Key Medical Tourism Hospitals in Thailand
3.7 Key Medical Tourism Hospitals in India

Chapter 4 Medical Tourism Market: Regulatory & Political Forces

Chapter 5 Medical Tourism Market: Regional Estimates & Trend Analysis
5.1 Medical Tourism Market Share by Region, 2018 & 2026
5.2 Thailand
5.2.1 Thailand Medical Tourism market, 2015 - 2026 (USD Million)
5.2.2 Drivers, Challenges, Opportunity Analysis
5.2.3 Treatments/Procedures Analysis, 2018
5.2.4 Inbound Patient Traffic Analysis, 2015 - 2026
5.2.5 List of Hospitals
5.3 India
5.3.1 India Medical Tourism market, 2015 - 2026 (USD Million)
5.3.2 Drivers, Challenges, Opportunity Analysis
5.3.3 Treatments/Procedures Analysis, 2018
5.3.4 Inbound Patient Traffic Analysis, 2015 - 2026
5.3.5 List of Hospitals
5.4 Costa Rica
5.4.1 Costa Rica Medical Tourism market, 2015 - 2026 (USD Million)
5.4.2 Drivers, Challenges, Opportunity Analysis
5.4.3 Treatments/Procedures Analysis, 2018
5.4.4 Inbound Patient Traffic Analysis, 2015 - 2026
5.4.5 List of Hospitals
5.5 Mexico
5.5.1 Mexico Medical Tourism market, 2015 - 2026 (USD Million)
5.5.2 Drivers, Challenges, Opportunity Analysis
5.5.3 Treatments/Procedures Analysis, 2018
5.5.4 Inbound Patient Traffic Analysis, 2015 - 2026
5.5.5 List of Hospitals
5.6 Malaysia
5.6.1 Malaysia Medical Tourism market, 2015 - 2026 (USD Million)
5.6.2 Drivers, Challenges, Opportunity Analysis
5.6.3 Treatments/Procedures Analysis, 2018
5.6.4 Inbound Patient Traffic Analysis, 2015 - 2026
5.6.5 List of Hospitals
5.7 Singapore
5.7.1 Singapore Medical Tourism market, 2015 - 2026 (USD Million)
5.7.2 Drivers, Challenges, Opportunity Analysis
5.7.3 Treatments/Procedures Analysis, 2018
5.7.4 Inbound Patient Traffic Analysis, 2015 - 2026
5.7.5 List of Hospitals
5.8 Brazil
5.8.1 Brazil Medical Tourism market, 2015 - 2026 (USD Million)
5.8.2 Drivers, Challenges, Opportunity Analysis
5.8.3 Treatments/Procedures Analysis, 2018
5.8.4 Inbound Patient Traffic Analysis, 2015 - 2026
5.8.5 List of Hospitals
5.9 Colombia
5.9.1 Colombia Medical Tourism market, 2015 - 2026 (USD Million)
5.9.2 Drivers, Challenges, Opportunity Analysis
5.9.3 Treatments/Procedures Analysis, 2018
5.9.4 Inbound Patient Traffic Analysis, 2015 - 2026
5.9.5 List of Hospitals
5.10 Turkey
5.10.1 Turkey Medical Tourism market, 2015 - 2026 (USD Million)
5.10.2 Drivers, Challenges, Opportunity Analysis
5.10.3 Treatments/Procedures Analysis, 2018
5.10.4 Inbound Patient Traffic Analysis, 2015 - 2026
5.10.5 List of Hospitals
5.11 Taiwan
5.11.1 Taiwan Medical Tourism market, 2015 - 2026 (USD Million)
5.11.2 Drivers, Challenges, Opportunity Analysis
5.11.3 Treatments/Procedures Analysis, 2018
5.11.4 Inbound Patient Traffic Analysis, 2015 - 2026
5.11.5 List of Hospitals
5.12 South Korea
5.12.1 South Korea Medical Tourism market, 2015 - 2026 (USD Million)
5.12.2 Drivers, Challenges, Opportunity Analysis
5.12.3 Treatments/Procedures Analysis, 2018
5.12.4 Inbound Patient Traffic Analysis, 2015 - 2026
5.12.5 List of Hospitals
5.13 Czech Republic
5.13.1 Czech Republic Medical Tourism market, 2015 - 2026 (USD Million)
5.13.2 Drivers, Challenges, Opportunity Analysis
5.13.3 Treatments/Procedures Analysis, 2018
5.13.4 Inbound Patient Traffic Analysis, 2015 - 2026
5.13.5 List of Hospitals
5.14 Spain
5.14.1 Spain Medical Tourism market, 2015 - 2026 (USD Million)
5.14.2 Drivers, Challenges, Opportunity Analysis
5.14.3 Treatments/Procedures Analysis, 2018
5.14.4 Inbound Patient Traffic Analysis, 2015 - 2026
5.14.5 List of Hospitals

Chapter 6 Competitive & Vendor Landscape
6.1 Recent developments & impact analysis, by key market participants
6.2 Company Profiles
6.2.1 Bumrungrad International Hospital
6.2.1.1 Company Overview
6.2.1.2 Financial performance
6.2.1.3 Product benchmarking
6.2.2 Bangkok Hospital
6.2.2.1 Company Overview
6.2.2.2 Financial performance
6.2.2.3 Product benchmarking
6.2.3 Samitivej PCL
6.2.3.1 Company Overview
6.2.3.2 Product benchmarking
6.2.4 Yanhee International Hospital
6.2.4.1 Company Overview
6.2.4.2 Product benchmarking
6.2.5 Asian Heart Institute
6.2.5.1 Company Overview
6.2.5.2 Product benchmarking
6.2.6 Apollo Hospitals Enterprise Ltd.
6.2.6.1 Company Overview
6.2.6.2 Financial performance
6.2.6.3 Product benchmarking
6.2.6.4 Strategic initiatives
6.2.7 Fortis Hospital
6.2.7.1 Company Overview
6.2.7.2 Financial performance
6.2.7.3 Product benchmarking
6.2.7.4 Strategic initiatives
6.2.8 Artemis Hospitals
6.2.8.1 Company Overview
6.2.8.2 Financial performance
6.2.8.3 Product benchmarking
6.2.8.4 Strategic initiatives
6.2.9 Hospital San José
6.2.9.1 Company Overview
6.2.9.2 Product benchmarking
6.2.10 Mexicali Bariatric Center
6.2.10.1 Company Overview
6.2.10.2 Product benchmarking
6.2.11 Sunway Medical Centre
6.2.11.1 Company Overview
6.2.11.2 Product benchmarking
6.2.11.3 Strategic initiatives
6.2.12 TMC Fertility
6.2.12.1 Company Overview
6.2.12.2 Product benchmarking
Note: Product cover images may vary from those shown
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  • Bangkok Hospital
  • Bumrungrad International Hospital
  • Samitivej PCL
  • Yanhee International Hospital
  • Asian Heart Institute
  • Apollo Hospitals Enterprise Ltd.
  • Fortis Hospital
  • Artemis Hospitals
  • Hospital San José
  • Mexicali Bariatric Center
  • Sunway Medical Centre
  • TMC Fertility
Note: Product cover images may vary from those shown
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