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Medical Tourism - Global Market Trajectory & Analytics

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    Report

  • April 2021
  • Region: Global
  • Global Industry Analysts, Inc
  • ID: 4845879

FEATURED COMPANIES

  • Asian Heart Institute
  • Barbados Fertility Center
  • Fortis Healthcare Ltd.
  • NTT Medical Center Tokyo
  • UZ Leuven
  • Wooridul Hospital
Global Medical Tourism Market to Reach $143.6 Billion by 2027

Amid the COVID-19 crisis, the global market for Medical Tourism estimated at US$66.7 Billion in the year 2020, is projected to reach a revised size of US$143.6 Billion by 2027, growing at a CAGR of 11.6% over the analysis period 2020-2027. Dental Treatment, one of the segments analyzed in the report, is projected to record a 11.2% CAGR and reach US$49.8 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Cosmetic Treatment segment is readjusted to a revised 10.3% CAGR for the next 7-year period.





The U.S. Market is Estimated at $18 Billion, While China is Forecast to Grow at 15.2% CAGR

The Medical Tourism market in the U.S. is estimated at US$18 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$31.2 Billion by the year 2027 trailing a CAGR of 15.2% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 8.1% and 10.1% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 9.1% CAGR.

Cardiovascular Treatment Segment to Record 12% CAGR

In the global Cardiovascular Treatment segment, USA, Canada, Japan, China and Europe will drive the 11.3% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$5 Billion in the year 2020 will reach a projected size of US$10.6 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$21 Billion by the year 2027, while Latin America will expand at a 13.3% CAGR through the analysis period.

Select Competitors (Total 33 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
The global analysis and forecast periods covered within the report are 2020-2027 (Current & Future Analysis) and 2012-2019 (Historic Review). Research estimates are provided for 2020, while research projections cover the period 2021-2027.
Frequently Asked Questions about the Global Market for Medical Tourism

What is the estimated value of the Global Market for Medical Tourism?

The Global Market for Medical Tourism was estimated to be valued at $66.7 Billion in 2020.

What is the growth rate of the Global Market for Medical Tourism?

The growth rate of the Global Market for Medical Tourism is 11.6%, with an estimated value of $143.6 Billion by 2027.

What is the forecasted size of the Global Market for Medical Tourism?

The Global Market for Medical Tourism is estimated to be worth $143.6 Billion by 2027.

Who are the key companies in the Global Market for Medical Tourism?

Key companies in the Global Market for Medical Tourism include 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 and UZ Leuven.

FEATURED COMPANIES

  • Asian Heart Institute
  • Barbados Fertility Center
  • Fortis Healthcare Ltd.
  • NTT Medical Center Tokyo
  • UZ Leuven
  • Wooridul Hospital

I. METHODOLOGYII. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
  • Influencer Market Insights
  • World Market Trajectories
  • Impact of Covid-19 and a Looming Global Recession

2. FOCUS ON SELECT PLAYERS3. MARKET TRENDS & DRIVERS4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
  • UNITED STATES
  • CANADA
  • JAPAN
  • CHINA
  • EUROPE
  • FRANCE
  • GERMANY
  • ITALY
  • UNITED KINGDOM
  • SPAIN
  • RUSSIA
  • REST OF EUROPE
  • ASIA-PACIFIC
  • AUSTRALIA
  • INDIA
  • SOUTH KOREA
  • REST OF ASIA-PACIFIC
  • LATIN AMERICA
  • ARGENTINA
  • BRAZIL
  • MEXICO
  • REST OF LATIN AMERICA
  • MIDDLE EAST
  • IRAN
  • ISRAEL
  • SAUDI ARABIA
  • UNITED ARAB EMIRATES
  • REST OF MIDDLE EAST
  • AFRICA

IV. COMPETITION
  • Total Companies Profiled: 33

A selection of companies mentioned in this report includes:

  • 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