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Global Medical Tourism Market, By Treatment Type & By Region - Forecast and Analysis 2022-2028

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    Report

  • 127 Pages
  • August 2022
  • Region: Global
  • SkyQuest Technology Consulting
  • ID: 5648628
The Global Medical Tourism Market was valued at USD 5.18 Billion in 2021, and it is expected to reach a value of USD 34.68 Billion by 2028, at a CAGR of 31.20 % over the forecast period 2022-2028.

Medical tourism is described as coordinated travel across international borders to receive improved medical treatment choices. Medical tourists cross international borders to maintain, improve, or restore their health by using low-cost healthcare facilities and treatments available in other countries that are expensive in their home country. Medical tourists travel to receive treatments such as dental care, neurological care, and cardiovascular care, among many other alternatives. Medical tourism provides benefits such as superior healthcare, cutting-edge technology, breakthrough drugs, sophisticated technologies, improved hospitality, and personalised treatment. Inadequate insurance benefits and a lack of healthcare insurance in the local market are two reasons that will likely drive market growth. Furthermore, increased demand for non-covered operations such as gender reassignment surgery, reproductive therapy, dental reconstruction, and cosmetic surgery promotes industry growth.

Top-down and bottom-up approaches were used to estimate and validate the size of the Global Medical Tourism market and to estimate the size of various other dependent submarkets. The research methodology used to estimate the market size includes the following details: The key players in the market were identified through secondary research and their market shares in the respective regions were determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews for key insights from industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares split, and breakdowns were determined by using secondary sources and verified through Primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. 

Segments covered in this report

The Global Medical Tourism market is segmented based on Treatment Type. Based on Treatment Type, the market is categorized into Cosmetic Treatment, Oncology Treatment, Cardiovascular Treatment, Orthopedics Treatment, Bariatric Treatment, Fertility Treatment, Ophthalmic Treatment, Other Treatments. By region, the global Medical Tourism market is categorized into North America, Europe, Asia-Pacific, South America, and Middle East & Africa.

Driver

One of the primary factors driving market growth is the availability of low-cost surgical care. Rising healthcare expenditures are putting a pressure on both healthcare providers and patients in wealthy countries. Government regulations imposed on the healthcare system in various countries cause surgeries to be delayed. This has pushed many to seek medical treatment in other nations.

Restraint

Retaining good doctors and nurses in countries with a vast pool of professionals, such as India, is a huge challenge. Because such qualified professionals are in short supply in most countries throughout the world, they command the highest wages. Brain drain is caused by a lack of opportunities in one's native country.

Market Trends

The most visible trend contributing to the global expansion of the medical tourism market is active consumer preference for cosmetic procedures. As the number of COVID-19 cases in some countries has begun to decline and travel restrictions have been lifted, there has been an uptick in demand for procedures that were delayed or postponed during the epidemic. Individuals' greater awareness of personal care and appearance has increased demand for cosmetic operations such as body fat reduction and acne treatment.
Frequently Asked Questions about the Global Medical Tourism Market

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

The Global Medical Tourism Market was estimated to be valued at $5.18 Billion in 2021.

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

The growth rate of the Global Medical Tourism Market is 31.2%, with an estimated value of $34.68 Billion by 2028.

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

The Global Medical Tourism Market is estimated to be worth $34.68 Billion by 2028.

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

Key companies in the Global Medical Tourism Market include Bumrungrad International Hospital (Thailand), Apollo Hospitals (India), Bangkok Chain Hospital (Thailand), Fortis Healthcare (India), Asian Heart Institute (India), KPJ Healthcare Berhad (Malaysia) and Gleneagles Hospital (India).

Table of Contents

Executive Summary
Market overview
  • Exhibit: Executive Summary - Chart on Market Overview
  • Exhibit: Executive Summary - Data Table on Market Overview
  • Exhibit: Executive Summary - Chart on Global Medical Tourism Market Characteristics
  • Exhibit: Executive Summary - Chart on Market by Geography
  • Exhibit: Executive Summary - Chart on Market Segmentation
  • Exhibit: Executive Summary - Chart on Incremental Growth
  • Exhibit: Executive Summary - Data Table on Incremental Growth
  • Exhibit: Executive Summary - Chart on Vendor Market Positioning
Parent Market AnalysisMarket overview
Market size
  • Market Dynamics
  • Exhibit: Impact analysis of DROC, 2021
  • Drivers
  • Opportunities
  • Restraints
  • Challenges
  • SWOT Analysis
Key Market Insights
  • Technology Analysis
  • (Exhibit: Data Table: Name of technology and details)
  • Pricing Analysis
  • (Exhibit: Data Table: Name of technology and pricing details)
  • Supply Chain Analysis
  • (Exhibit: Detailed Supply Chain Presentation)
  • Value Chain Analysis
  • (Exhibit: Detailed Value Chain Presentation)
  • Ecosystem Of the Market
  • Exhibit: Parent Market Ecosystem Market Analysis
  • Exhibit: Market Characteristics of Parent Market
  • IP Analysis
  • (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
  • Trade Analysis
  • (Exhibit: Data Table: Import and Export data details)
  • Startup Analysis
  • (Exhibit: Data Table: Emerging startups details)
  • Raw Material Analysis
  • (Exhibit: Data Table: Mapping of key raw materials)
  • Innovation Matrix
  • (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
  • Pipeline product Analysis
  • (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
  • Macroeconomic Indicators
Covid Impact
  • Introduction
  • Impact On Economy-scenario Assessment
  • Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
  • Revised Market Size
  • Exhibit: Data Table on Global Medical Tourism Market size and forecast 2021-2028 ($ billion)
  • Impact Of COVID On Key Segments
  • Exhibit: Data Table on Segment Market size and forecast 2021-2028 ($ billion)
  • COVID Strategies By Company
  • Exhibit: Analysis on key strategies adopted by companies
Market Dynamics & Outlook
  • Market Dynamics
  • Exhibit: Impact analysis of DROC, 2021
  • Drivers
  • Opportunities
  • Restraints
  • Challenges
  • Regulatory Landscape
  • Exhibit: Data Table on regulation from different region
  • SWOT Analysis
  • Porters Analysis
  • Competitive rivalry
  • Exhibit: Competitive rivalry Impact of key factors, 2021
  • Threat of substitute products
  • Exhibit: Threat of Substitute Products Impact of key factors, 2021
  • Bargaining power of buyers
  • Exhibit: buyers bargaining power Impact of key factors, 2021
  • Threat of new entrants
  • Exhibit: Threat of new entrants Impact of key factors, 2021
  • Bargaining power of suppliers
  • Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
  • Special insights on future disruptions
  • Political Impact
  • Economic impact
  • Social Impact
  • Technical Impact
  • Environmental Impact
  • Legal Impact
Global Medical Tourism Market by Treatment Type
  • Market segments
  • Exhibit: Chart on Market share 2021-2028 (%)
  • Exhibit: Data table on Market share 2021-2028 (%)
  • Cosmetic Treatment
  • Market Estimates & Forecast, 2021-2028
  • Exhibit: Chart on Market share 2021-2028 (%)
  • Exhibit: Market size and forecast 2021-2028 ($ billion)
  • Oncology Treatment
  • Market Estimates & Forecast, 2021-2028
  • Exhibit: Chart on Market share 2021-2028 (%)
  • Exhibit: Market size and forecast 2021-2028 ($ billion)
  • Cardiovascular Treatment
  • Market Estimates & Forecast, 2021-2028
  • Exhibit: Chart on Market share 2021-2028 (%)
  • Exhibit: Market size and forecast 2021-2028 ($ billion)
  • Orthopedics Treatment
  • Market Estimates & Forecast, 2021-2028
  • Exhibit: Chart on Market share 2021-2028 (%)
  • Exhibit: Market size and forecast 2021-2028 ($ billion)
  • Bariatric Treatment
  • Market Estimates & Forecast, 2021-2028
  • Exhibit: Chart on Market share 2021-2028 (%)
  • Exhibit: Market size and forecast 2021-2028 ($ billion)
  • Fertility Treatment
  • Market Estimates & Forecast, 2021-2028
  • Exhibit: Chart on Market share 2021-2028 (%)
  • Exhibit: Market size and forecast 2021-2028 ($ billion)
  • Ophthalmic Treatment
  • Market Estimates & Forecast, 2021-2028
  • Exhibit: Chart on Market share 2021-2028 (%)
  • Exhibit: Market size and forecast 2021-2028 ($ billion)
  • Other Treatments
  • Market Estimates & Forecast, 2021-2028
  • Exhibit: Chart on Market share 2021-2028 (%)
  • Exhibit: Market size and forecast 2021-2028 ($ billion)
Market Size by Region
  • Chart on Market share by geography 2021-2028 (%)
  • Data Table on Market share by geography 2021-2028(%)
  • North America
  • Chart on Market share by country 2021-2028 (%)
  • Data Table on Market share by country 2021-2028(%)
  • USA
  • Exhibit: Chart on Market share 2021-2028 (%)
  • Exhibit: Market size and forecast 2021-2028 ($ billion)
  • Canada
  • Exhibit: Chart on Market share 2021-2028 (%)
  • Exhibit: Market size and forecast 2021-2028 ($ billion)
  • Europe
  • Chart on Market share by country 2021-2028 (%)
  • Data Table on Market share by country 2021-2028(%)
  • Germany
  • Exhibit: Chart on Market share 2021-2028 (%)
  • Exhibit: Market size and forecast 2021-2028 ($ billion)
  • Spain
  • Exhibit: Chart on Market share 2021-2028 (%)
  • Exhibit: Market size and forecast 2021-2028 ($ billion)
  • France
  • Exhibit: Chart on Market share 2021-2028 (%)
  • Exhibit: Market size and forecast 2021-2028 ($ billion)
  • UK
  • Exhibit: Chart on Market share 2021-2028 (%)
  • Exhibit: Market size and forecast 2021-2028 ($ billion)
  • Rest of Europe
  • Exhibit: Chart on Market share 2021-2028 (%)
  • Exhibit: Market size and forecast 2021-2028 ($ billion)
  • Asia Pacific
  • Chart on Market share by country 2021-2028 (%)
  • Data Table on Market share by country 2021-2028(%)
  • China
  • Exhibit: Chart on Market share 2021-2028 (%)
  • Exhibit: Market size and forecast 2021-2028 ($ billion)
  • India
  • Exhibit: Chart on Market share 2021-2028 (%)
  • Exhibit: Market size and forecast 2021-2028 ($ billion)
  • Japan
  • Exhibit: Chart on Market share 2021-2028 (%)
  • Exhibit: Market size and forecast 2021-2028 ($ billion)
  • South Korea
  • Exhibit: Chart on Market share 2021-2028 (%)
  • Exhibit: Market size and forecast 2021-2028 ($ billion)
  • Rest of Asia Pacific
  • Exhibit: Chart on Market share 2021-2028 (%)
  • Exhibit: Market size and forecast 2021-2028 ($ billion)
  • Latin America
  • Chart on Market share by country 2021-2028 (%)
  • Data Table on Market share by country 2021-2028(%)
  • Brazil
  • Exhibit: Chart on Market share 2021-2028 (%)
  • Exhibit: Market size and forecast 2021-2028 ($ billion)
  • Rest of South America
  • Exhibit: Chart on Market share 2021-2028 (%)
  • Exhibit: Market size and forecast 2021-2028 ($ billion)
  • Middle East & Africa (MEA)
  • Chart on Market share by country 2021-2028 (%)
  • Data Table on Market share by country 2021-2028(%)
  • GCC Countries
  • Exhibit: Chart on Market share 2021-2028 (%)
  • Exhibit: Market size and forecast 2021-2028 ($ billion)
  • South Africa
  • Exhibit: Chart on Market share 2021-2028 (%)
  • Exhibit: Market size and forecast 2021-2028 ($ billion)
  • Rest of MEA
  • Exhibit: Chart on Market share 2021-2028 (%)
  • Exhibit: Market size and forecast 2021-2028 ($ billion)
Key Company Profiles
  • Competitive Landscape
  • Total number of companies covered
  • Exhibit: companies covered in the report, 2021
  • Top companies market positioning
  • Exhibit: company positioning matrix, 2021
  • Top companies market Share
  • Exhibit: Pie chart analysis on company market share, 2021(%)
  • Bumrungrad International Hospital (Thailand)
  • Exhibit Company Overview
  • Exhibit Business Segment Overview
  • Exhibit Financial Updates
  • Exhibit Key Developments
  • Apollo Hospitals (India)
  • Exhibit Company Overview
  • Exhibit Business Segment Overview
  • Exhibit Financial Updates
  • Exhibit Key Developments
  • Bangkok Chain Hospital (Thailand)
  • Exhibit Company Overview
  • Exhibit Business Segment Overview
  • Exhibit Financial Updates
  • Exhibit Key Developments
  • Fortis Healthcare (India)
  • Exhibit Company Overview
  • Exhibit Business Segment Overview
  • Exhibit Financial Updates
  • Exhibit Key Developments
  • Asian Heart Institute (India)
  • Exhibit Company Overview
  • Exhibit Business Segment Overview
  • Exhibit Financial Updates
  • Exhibit Key Developments
  • KPJ Healthcare Berhad (Malaysia)
  • Exhibit Company Overview
  • Exhibit Business Segment Overview
  • Exhibit Financial Updates
  • Exhibit Key Developments
  • Livonta Global (India)
  • Exhibit Company Overview
  • Exhibit Business Segment Overview
  • Exhibit Financial Updates
  • Exhibit Key Developments
  • Gleneagles Hospital (India)
  • Exhibit Company Overview
  • Exhibit Business Segment Overview
  • Exhibit Financial Updates
  • Exhibit Key Developments

Companies Mentioned

A selection of companies mentioned in this report includes:

  • Bumrungrad International Hospital (Thailand)
  • Apollo Hospitals (India)
  • Bangkok Chain Hospital (Thailand)
  • Fortis Healthcare (India)
  • Asian Heart Institute (India)
  • KPJ Healthcare Berhad (Malaysia)
  • Livonta Global (India)
  • Gleneagles Hospital (India)