FEATURED COMPANIES
- Anadolu Medical Centre
- Barbados Fertility Center
- Gleneagles Hospital
- Klinikum Medical Link
- Mount Elizabeth Hospital
- Samitivej PCL.
Medical Tourism Global Market Report 2021: COVID-19 Growth and Change to 2030 provides the strategists, marketers and senior management with the critical information they need to assess the global medical tourism market.
This report focuses on the medical tourism market which is experiencing strong growth. The report gives a guide to the medical tourism market which will be shaping and changing our lives over the next ten years and beyond, including the markets response to the challenge of the global pandemic.
Reasons to Purchase
Description:
Where is the largest and fastest growing market for the medical tourism? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The Medical Tourism market global report answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography. It places the market within the context of the wider medical tourism market, and compares it with other markets.
Scope
Markets Covered: 1) By Treatment Type: Cosmetic Treatment; Dental Treatment; Cardiovascular Treatment; Orthopedics Treatment; Bariatric Treatment; Fertility Treatment; Opthalmic Treatment; Others 2) By Type: Domestic; International
Companies Mentioned: Apollo Hospital Enterprise Limited; Prince Court Medical Center; Bumrungrad International Hospital; KPJ Healthcare Berhad; Fortis Health Ltd
Countries: Brazil; China; France; Germany; India; Indonesia; Japan; South Korea; Russia; UK; USA; Australia
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions; per capita expenditure.,
Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
This report focuses on the medical tourism market which is experiencing strong growth. The report gives a guide to the medical tourism market which will be shaping and changing our lives over the next ten years and beyond, including the markets response to the challenge of the global pandemic.
Reasons to Purchase
- Gain a truly global perspective with the most comprehensive report available on this market covering 12+ geographies.
- Understand how the market is being affected by the coronavirus and how it is likely to emerge and grow as the impact of the virus abates.
- Create regional and country strategies on the basis of local data and analysis.
- Identify growth segments for investment.
- Outperform competitors using forecast data and the drivers and trends shaping the market.
- Understand customers based on the latest market research findings.
- Benchmark performance against key competitors.
- Utilize the relationships between key data sets for superior strategizing.
- Suitable for supporting your internal and external presentations with reliable high quality data and analysis
- Report will be updated with the latest data and delivered to you within 3-5 working days of order.
Description:
Where is the largest and fastest growing market for the medical tourism? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The Medical Tourism market global report answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography. It places the market within the context of the wider medical tourism market, and compares it with other markets.
- The market characteristics section of the report defines and explains the market.
- The market size section gives the market size ($b) covering both the historic growth of the market, the influence of the COVID-19 virus and forecasting its growth.
- Market segmentations break down market into sub markets.
- The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
- Competitive landscape gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
- The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
- The medical tourism market section of the report gives context. It compares the medical tourism market with other segments of the medical tourism market by size and growth, historic and forecast. It analyses GDP proportion, expenditure per capita, medical tourism indicators comparison.
Scope
Markets Covered: 1) By Treatment Type: Cosmetic Treatment; Dental Treatment; Cardiovascular Treatment; Orthopedics Treatment; Bariatric Treatment; Fertility Treatment; Opthalmic Treatment; Others 2) By Type: Domestic; International
Companies Mentioned: Apollo Hospital Enterprise Limited; Prince Court Medical Center; Bumrungrad International Hospital; KPJ Healthcare Berhad; Fortis Health Ltd
Countries: Brazil; China; France; Germany; India; Indonesia; Japan; South Korea; Russia; UK; USA; Australia
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions; per capita expenditure.,
Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Frequently Asked Questions about the Global Medical Tourism Market
What is the estimated value of the Global Medical Tourism Market?
What is the growth rate of the Global Medical Tourism Market?
What is the forecasted size of the Global Medical Tourism Market?
Who are the key companies in the Global Medical Tourism Market?
Note: Product cover images may vary from those shown
FEATURED COMPANIES
- Anadolu Medical Centre
- Barbados Fertility Center
- Gleneagles Hospital
- Klinikum Medical Link
- Mount Elizabeth Hospital
- Samitivej PCL.
1. Executive Summary2. Medical Tourism Market Characteristics3. Medical Tourism Market Trends and Strategies4. Impact of COVID-19 on Medical Tourism28. Key Mergers and Acquisitions in the Medical Tourism Market29. Medical Tourism Market Future Outlook and Potential Analysis
5. Medical Tourism Market Size and Growth
6. Medical Tourism Market Segmentation
7. Medical Tourism Market Regional and Country Analysis
8. Asia-Pacific Medical Tourism Market
9. China Medical Tourism Market
10. India Medical Tourism Market
11. Japan Medical Tourism Market
12. Australia Medical Tourism Market
13. Indonesia Medical Tourism Market
14. South Korea Medical Tourism Market
15. Western Europe Medical Tourism Market
16. UK Medical Tourism Market
17. Germany Medical Tourism Market
18. France Medical Tourism Market
19. Eastern Europe Medical Tourism Market
20. Russia Medical Tourism Market
21. North America Medical Tourism Market
22. USA Medical Tourism Market
23. South America Medical Tourism Market
24. Brazil Medical Tourism Market
25. Middle East Medical Tourism Market
26. Africa Medical Tourism Market
27. Medical Tourism Market Competitive Landscape and Company Profiles
30. Appendix
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FEATURED COMPANIES
- Anadolu Medical Centre
- Barbados Fertility Center
- Gleneagles Hospital
- Klinikum Medical Link
- Mount Elizabeth Hospital
- Samitivej PCL.
Major players in the medical tourism market are Apollo Hospital Enterprise Limited, Prince Court Medical Center, Bumrungrad International Hospital, KPJ Healthcare Berhad and Fortis Health Ltd.
The global medical tourism market is expected to grow from $19.79 billion in 2020 to $21.93 billion in 2021 at a compound annual growth rate (CAGR) of 10.8%. The growth is mainly due to the companies resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $40.03 billion in 2025 at a CAGR of 16%.
The medical tourism market includes revenues generated by healthcare service providers by diagnosing and treating the patients who travel across international borders to obtain medical treatment. Patients usually travel from countries lacking healthcare infrastructure or having high healthcare costs to major medical centres in developing countries.
High healthcare cost in developed countries is driving growth in the medical tourism market as developing countries are able to provide cheaper treatment. Patients usually travel to developing countries with quality healthcare infrastructure and low healthcare costs. According to a study conducted by the Centres for Disease Control and Prevention, approximately 0.75 -1.6 million people from the USA travel out of the country for medical care to avoid high treatment cost. For instance, a hip replacement surgery in the USA costs approximately $39,299 while the same surgery in India, Costa Rica or other developing countries would cost between $7000 and $15,000 including logistics.
The coronavirus disease (COVID-19) outbreak is to act as a major restraint for the growth of the medical tourism industry during 2020 and 2021. According to the World Health Organization’s report, 213 countries are affected by the COVID-19 outbreak including countries with a high number of medical tourists such as the USA, China, Japan, and South Korea. The government of various countries has banned travellers from affected countries, barred flights to certain countries, and changed the visa requirements. The American Centres for Disease Control and Prevention (CDC) predicted that the situation could last into 2021 and is likely to impact the medical tourism industry significantly. Therefore, the coronavirus outbreak and travel bans are expected to restrict the growth of the medical tourism industry in the near future.
The medical tourism market covered in this report is segmented by treatment type into cosmetic treatment; dental treatment; cardiovascular treatment; orthopaedics treatment; bariatric treatment; fertility treatment; ophthalmic treatment; others.
Patients travelling across countries for medical treatment are increasingly using electronic health records to store information related to health in digital format. Electronic health record is the systematic collection of patient health and medical examination reports stored electronically. These health records can be accessed instantly and securely by authorized users. Electronic health records eliminate the need to carry heavy medical records for patients travelling long distances for treatment. Some of the major electronic health records software include eClinicalWorks, Allscripts, Cerner.
In September 2020, IHH Healthcare, a Malaysian–Singaporean private healthcare group focused on upmarket health services acquired Prince Court Medical Centre for $0.25 billion. Through this acquisition Prince Court Medical Centre will complement IHH's cluster strategy of having specialised tertiary hospitals in Kuala Lumpur. Prince Court Medical Centre, a private healthcare facility located in the heart of Kuala Lumpur, Malaysia.
The global medical tourism market is expected to grow from $19.79 billion in 2020 to $21.93 billion in 2021 at a compound annual growth rate (CAGR) of 10.8%. The growth is mainly due to the companies resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $40.03 billion in 2025 at a CAGR of 16%.
The medical tourism market includes revenues generated by healthcare service providers by diagnosing and treating the patients who travel across international borders to obtain medical treatment. Patients usually travel from countries lacking healthcare infrastructure or having high healthcare costs to major medical centres in developing countries.
High healthcare cost in developed countries is driving growth in the medical tourism market as developing countries are able to provide cheaper treatment. Patients usually travel to developing countries with quality healthcare infrastructure and low healthcare costs. According to a study conducted by the Centres for Disease Control and Prevention, approximately 0.75 -1.6 million people from the USA travel out of the country for medical care to avoid high treatment cost. For instance, a hip replacement surgery in the USA costs approximately $39,299 while the same surgery in India, Costa Rica or other developing countries would cost between $7000 and $15,000 including logistics.
The coronavirus disease (COVID-19) outbreak is to act as a major restraint for the growth of the medical tourism industry during 2020 and 2021. According to the World Health Organization’s report, 213 countries are affected by the COVID-19 outbreak including countries with a high number of medical tourists such as the USA, China, Japan, and South Korea. The government of various countries has banned travellers from affected countries, barred flights to certain countries, and changed the visa requirements. The American Centres for Disease Control and Prevention (CDC) predicted that the situation could last into 2021 and is likely to impact the medical tourism industry significantly. Therefore, the coronavirus outbreak and travel bans are expected to restrict the growth of the medical tourism industry in the near future.
The medical tourism market covered in this report is segmented by treatment type into cosmetic treatment; dental treatment; cardiovascular treatment; orthopaedics treatment; bariatric treatment; fertility treatment; ophthalmic treatment; others.
Patients travelling across countries for medical treatment are increasingly using electronic health records to store information related to health in digital format. Electronic health record is the systematic collection of patient health and medical examination reports stored electronically. These health records can be accessed instantly and securely by authorized users. Electronic health records eliminate the need to carry heavy medical records for patients travelling long distances for treatment. Some of the major electronic health records software include eClinicalWorks, Allscripts, Cerner.
In September 2020, IHH Healthcare, a Malaysian–Singaporean private healthcare group focused on upmarket health services acquired Prince Court Medical Centre for $0.25 billion. Through this acquisition Prince Court Medical Centre will complement IHH's cluster strategy of having specialised tertiary hospitals in Kuala Lumpur. Prince Court Medical Centre, a private healthcare facility located in the heart of Kuala Lumpur, Malaysia.
Note: Product cover images may vary from those shown
A selection of companies mentioned in this report includes:
- Apollo Hospital Enterprise Limited
- Prince Court Medical Center
- Bumrungrad International Hospital
- KPJ Healthcare Berhad
- Fortis Health Ltd.
- Raffles Medical Group
- Bangkok Hospital Medical Center
- Samitivej PCL.
- Min-Sheng General Hospital
- Asian Heart Institute
- Asklepios Klinik Barmbek
- Spire Healthcare
- Medanta
- IHH Healthcare Berhad
- Anadolu Medical Centre
- Clemenceau Medical Centre
- Gleneagles Hospital
- Mount Elizabeth Hospital
- Healthbase
- Klinikum Medical Link
- NTT Medical Center Tokyo
- Seoul National University Hospital
- UZ Leuven
- Wooridul Spine Hospital
- Aditya Birla Memorial Hospital
- Barbados Fertility Center
Note: Product cover images may vary from those shown
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