Medical Tourism Market Size, Industry Growth and Forecast to 2028
Medical Tourism Market: A thorough analysis of statistics about the current as well as emerging trends offers clarity regarding the Medical Tourism Market dynamics. The report includes Porter’s Five Forces to analyze the prominence of various features such as the understanding of both the suppliers and customers, risks posed by various agents, the strength of competition, and promising emerging businesspersons to understand a valuable resource. Also, the report spans the Medical Tourism Market research data of various companies, benefits, gross margin, strategic decisions of the worldwide market, and more through tables, charts, and infographics.
The Medical Tourism Market report highlights an
all-inclusive assessment of the revenue generated by the various segments
across different regions for the forecast period, 2023 to 2029. To leverage
business owners, and gain a thorough understanding of the current momentum, the
research taps hard-to-find data on aspects including but not limited to demand
and supply, distribution channels, and technology upgrades. Principally, the
determination of strict government policies and regulations and government
initiatives building the growth of the Medical Tourism Market offers knowledge
of what is in store for business owners in the upcoming years.
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Medical Tourism Market Report Highlights:
- The
medical tourism market size was USD 11.56 billion in 2020, expected to
reach USD 53.51 billion by 2028.
- The
market declined by -46.9% in 2020 due to the COVID-19 pandemic.
- Around
14 million people globally travel for medical care annually.
- High-income
countries like the U.S. have shown increased interest in medical tourism.
- Advanced
technology and short waiting periods attract 40% of medical tourists.
- Lower-cost
treatments in countries like Singapore, Thailand, and Dubai drive medical
travel.
- Singapore
receives 500,000 medical tourists annually, with a significant number from
Indonesia.
- COVID-19
travel restrictions led to a decline in medical procedures and tourist
arrivals.
- Cosmetic
procedures see increased demand post-pandemic.
- Lower
healthcare costs abroad, like in Asian countries, attract medical
tourists.
- Technological
advancements and telemedicine increase inbound medical tourism.
- Pandemic
outbreaks and travel restrictions negatively impact the medical tourism
market.
- North
America, Europe, Asia Pacific, Latin America, and the Middle East &
Africa are significant regions in the market.
- Private
service providers dominate the market.
- Key
industry players include Bumrungrad International Hospital, Apollo
Hospitals, and others.
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1) Understand how our report can bring a difference to your
business strategy
2) Covid-19 Impact Analysis on Medical Tourism Market
3) Understand the analysis and growth rate in your region
4) Graphical introduction of global as well as the regional
analysis
5) Know top key players in the market with their revenue
analysis
6) SWOT analysis, PEST analysis, and Porter’s five force
analysis
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The report studies the Medical Tourism Market by evaluating
the market chain, prevalent policies, and regulations as well as the
manufacturers, their manufacturing chain, cost structures, and contribution to
the industry. The regional markets in the report are examined by analyzing the
pricing of products in the region compared to the profit generated. The
production capacity, demand and supply, logistics, and historical performance
of the market in the given region are also evaluated in this market report.
Scope of the Medical Tourism Market Report:
- The
report provides fundamental dynamics of the market, including drivers,
opportunities, trends, and restraints faced by the Medical Tourism Market.
- The
report offers SWOT analysis, PEST analysis, and Porter’s five force
analysis of key players and markets that offer key insight into these
companies’ strengths and weaknesses.
- The
report covers regional and sub-regional analysis and various factors
influencing the growth of the market.
- The
Medical Tourism Market report provides insights about key players along
with a thorough analysis of their growth strategies, manufacturing plant
and capacity, geographical presence, and product portfolio.
Competitive Analysis:
The key players are highly focusing on innovation in
production technologies to improve efficiency and shelf life. The best
long-term growth opportunities for this sector can be captured by ensuring
ongoing process improvements and financial flexibility to invest in optimal strategies.
Some of the players are
- Bumrungrad
International Hospital (Bangkok, Thailand)
- Apollo
Hospitals (Chennai, India)
- Bangkok
Chain Hospital (Nonthaburi, Thailand)
- Fortis
Healthcare (Delhi, India)
- Asian
Heart Institute (Mumbai, India)
- KPJ
Healthcare Berhad (Kuala Lumpur, Malaysia)
- Livonta
Global (Ahmedabad, India)
- Gleneagles
Hospital (Mumbai, India)
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Important Features of the report:
✔ Detailed analysis of the
Global Medical Tourism Market
✔ Fluctuating market dynamics of
the industry
✔ Detailed market segmentation
✔ Historical, current, and
projected market size in terms of volume and value
✔ Recent industry trends and
developments
✔ Competitive landscape of the
Global Medical Tourism Market
✔ Strategies of key players and
product offerings
✔ Potential and niche
segments/regions exhibiting promising growth
✔ A neutral perspective on
Global Medical Tourism Market performance
What to Expect from this Report On the Medical Tourism
Market:
- A
comprehensive summary of several area distributions and the summary types
of popular products/services in the Medical Tourism Market.
- You
can fix up the growing databases for your industry when you have info on
the cost of the production, cost of the products/services, and cost of the
production for the next future years.
- Thorough
Evaluation of the break-in for new companies who want to enter the Medical
Tourism Market.
- Exactly
how do the most important companies and mid-level companies make income
within the Market?
- Complete
research on the overall development within the Medical Tourism Market that
helps you select the product/services launch and overhaul growths.
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