The global medical tourism market size was USD 11.56 billion in 2020 and is projected to grow from USD 13.98 billion in 2021 to USD 53.51 billion in 2028, at a CAGR of 21.1% in the 2021-2028 period.
The Medical Tourism Market research report for 2028 highlights the important market trends in the industry. In addition to looking at entry barriers, sales channels, distributors, and Porter's Five Forces Analysis, this market analysis also looks at market size, market share, growth rate, future trends, market drivers, opportunities, challenges, and risks. The research shows changes in CAGR figures over the market's projection period. The leading brands or companies are generally accountable for the modifications in the market landscape through their innovations, product launches, joint ventures, mergers, and acquisitions, which modify the perception of the industry's global face.
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This Medical Tourism Market Report provides its clients with authentic data that aids in making important decisions by providing a market outlook. This report also keeps track of all recent market advancements and innovations. It provides information on the challenges faced when starting a business and offers advice on how to deal with impending difficulties.
Major Market Players Profiled in the Report include:
- 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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Market Segmentation:
The market is divided into wellness treatment, medical treatment, and alternative treatment on the basis of healthcare services. Additional categories within the wellness treatment segment include rejuvenation procedures, cosmetic procedures, and others. Cardiovascular procedures, dental procedures, orthopedic and spine procedures, oncology procedures, and other procedures make up the medical treatment segment.
The market is divided between private and public service providers.
North America, Latin America, Asia Pacific, Europe, and the Middle East Africa make up the market's geographical segments.
An increase in medical travelers to North America will promote market expansion.
Over the projected timeframe, North America is expected to account for a sizable portion of the medical tourism market share. The regional market produced USD 3 billion in yearly revenue in 2020. Growth can be attributed to the high number of foreigners seeking orthopaedic, cardiac, and other types of medical treatment in the United States.
Due to the established healthcare infrastructure and accessibility of cutting-edge medical facilities, the market in Europe is growing. In the upcoming years, more medical tourists are anticipated to travel to France, Spain, Belgium, and the United Kingdom.
This Report Aims To Provide:
An analysis, both qualitative and quantitative, of the dynamics, trends, and projections for the years 2023 to 2030.
The use of analysis tools like SWOT analysis and Porter's five force analysis helps to explain how capable buyers and suppliers are of making decisions that will strengthen their companies bottom lines.
The current market opportunities are identified through a thorough analysis of market segmentation.
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Questions Answered in the Medical Tourism Market Research Report
- Which are the leading players active in the Medical Tourism Market size?
- What are the detailed impacts of COVID-19 on the market?
- What current trends will influence the market in the next few years?
- What are the driving factors, restraints, and opportunities in the market?
- What future projections would help in taking further strategic steps?
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