Medical Tourism Market Size, Share, Growth, Trends, Production, Consumption, Revenue and Forecast 2020 to 2027

Published Date : Apr 2020 | No. of Pages : 200 Pages | Category : Healthcare

According to Vision Research Reports, the global medical tourism market for the historical period 2018–2019 and forecast period 2020–2027, Low cost medical treatment, Availability of latest medical technologies & wider treatment options are projected to drive the global medical tourism market.

The report provides revenue of the global medical tourism market for the period 2016–2027, considering 2019 as the base year and 2027 as the forecast year. The report also provides the compound annual growth rate (CAGR) for the global medical tourism market during the forecast period.

The global medical tourism market size is expected to reach US$ 154.4 Bn by 2027.

According to the report, the global medical tourism market was valued at US$ 62.5 Bn in 2019 and is projected to expand at a CAGR of 10.7% from 2020 to 2027.

Medical tourism refers to people traveling abroad to obtain medical treatment. In the past, this usually referred to those who traveled from less-developed countries to major medical centers in highly developed countries for treatment unavailable at home.

Competitive Landscape

  • This report profiles major players in the global medical tourism market based on various attributes such as company overview, financial overview, product portfolio, business strategies, and recent developments
  • The global medical tourism market is highly fragmented, with the presence of a number of international as well as regional players
  • Leading players operating in the global medical tourism market are
    • Asklepios Kliniken GmbH
    • Fortis Healthcare Limited
    • Apollo Hospitals Enterprise Limited
    • Bangkok Chain Hospital Public Company Limited
    • Bumrungrad International Hospital
    • Saudi German Hospital (SGH) Group
    • Dr. Soliman Fakeeh Hospital
    • Bahrain Specialist Hospital
    • Hamad Medical Corporation
    • Al Zahra Hospital
    • Al Rahba Hospital
    • Zulekha Hospital
    • Samitivej PCL
    • Phyathai Hospitals Group
    • The Ac?badem Hospitals Group
    • Razavi Hospital
    • Jordan Hospital

The report on the global medical tourism market discussed individual strategies, followed by company and hospitals offering medical tourism. The competitive landscape section has been included in the report to provide readers with a dashboard view and a company market share analysis of key players operating in the global medical tourism market.

Segmentation

The global medical tourism market has been segmented as follows:

  • Global Medical Tourism Market, by Medical Treatment
    • Cosmetology
    • Dentistry
    • Cardiology
    • Orthopedic surgery
    • Neurology
    • Oncology
    • Others
  • Global Medical Tourism Market, by Region
    • North America
      • U.S.
      • Canada
    • Europe
      • Germany
      • U.K.
      • France
      • Italy
      • Spain
      • Rest of Europe
    • Asia Pacific          
      • China
      • India
      • Japan
      • Australia & New Zealand
      • Rest of Asia Pacific
    • Latin America
      • Brazil
      • Mexico
      • Rest of Latin America
    • Middle East & Africa
      • GCC Countries
      • South Africa
      • Rest of Middle East & Africa

The report has been prepared after an extensive primary and secondary research. Primary research involved bulk of research efforts, wherein analysts carried out interviews with industry leaders and opinion makers. Extensive secondary research involved referring to key players’ product literature, annual reports, press releases, and relevant documents to understand the global medical tourism market.

Secondary research also included Internet sources, statistical data from government agencies, websites, company presentations, sales data, and trade associations. Analysts have employed a combination of top-down and bottom-up approaches to study various phenomenon in the global medical tourism market.

The report includes an elaborate executive summary, along with a snapshot of the growth behavior of various segments included in the scope of the study. Furthermore, the report sheds light on the changing competitive dynamics in the global medical tourism market. These indices serve as valuable tools for existing market players as well as for entities interested in entering the global medical tourism market.

The report delves into the competitive landscape of the global medical tourism market. Key players operating in the global medical tourism market have been identified, and each one of these has been profiled for distinguishing business attributes. Company overview, financial standings, recent developments, and SWOT are some of the attributes of players in the global medical tourism market that have been profiled in this report.

Key Questions Answered in Global Medical Tourism Market Report

  • What is the scope of growth for companies/hospitals in the global medical tourism market?
  • What will be the Y-o-Y growth of the global medical tourism market between 2019 and 2027?
  • What is the influence of changing trends in technologies on the global medical tourism market?
  • Will Asia Pacific continue to be the most profitable market for medical tourism providers?
  • Which factors are anticipated to hamper the growth of the global medical tourism market during the forecast period?
  • Which are the leading companies in the global medical tourism market?

Research Methodology

A unique research methodology has been utilized by VRR to conduct comprehensive research on the growth of the global medical tourism market and arrive at conclusions on its growth prospects. This research methodology is a combination of primary and secondary research, which helps analysts warrant the accuracy and reliability of the drawn conclusions.

Secondary research sources referred to by analysts during the production of the global medical tourism market report include statistics from company annual reports, SEC filings, company websites, investor presentations, regulatory databases, government publications, and industry white papers. Analysts have also interviewed senior managers, product portfolio managers, CEOs, VPs, and market intelligence managers, who contributed to the production of VRR’s study on the medical tourism market as primary methods.

These primary research respondents have provided exclusive information during interviews, which serves as a validation from the medical tourism market leaders. Access to an extensive internal repository and external proprietary databases enabled this report to address specific details and questions about the global medical tourism market with accuracy. The study also uses the top-down approach to assess the revenues for each segment and the bottom-up approach to counter-validate them. This has helped in reaching VRR’s estimates on future prospects of the global medical tourism market more reliably and accurately.


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