Medical Tourism Market, Size, Share, Growth, Trends, Insight and Industry Forecast, 2021-2028

SKU: DMHC1091 | Last Updated On: Jul 26 2021 | No. of Pages: 180 | Available Formats

> Global Medical Tourism Market Expected to reach a high CAGR of 22.5% By 2028: DataM Intelligence

Global Medical Tourism Market is segmented By Type (Dental Treatment, Cosmetic Treatment, Orthopedic Treatment, Cancer Treatment, Cardiovascular Treatment, Others), and By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis,  2021-2028

 

Market Overview

The Global Medical Tourism Market is expected to grow at a CAGR of 22.5% during the forecasting period ( 2021-2028).

Medical tourism refers to people traveling to other countries to obtain medical treatment. People with rare conditions usually travel to countries where the treatment is better provided, which may not be available in their home country. This treatment may include a wide array of medical services; however, the most frequently availed services include cancer treatment, orthopedic treatment, neurological disease treatment, elective surgery, fertility treatment, and others. Availability of benefits such as better healthcare, latest technologies, innovative medicines, modern devices, better hospitality, and personalized care are some of the factors expected to drive the global medical tourism market over the forecast period (2019-2026).

Market Dynamics

Affordability is one of the major factor driving the global medical tourism market. For instance, according to OECD (Organization for Economic Co-operation and Development), patients in the U.S. can save between 30% to 50% of the cost for treatment such as heart issues, if they travel to Asia or Latin America for the same treatment. Also, the accessibility of good quality healthcare services, along with assistance from tourism departments and local governments, are the factors that drive the growth of the global medical tourism market.

Besides, the availability of the latest medical technologies in medical tourism hubs, throughout the world, is expected to fuel the market growth. Furthermore, due to the lack of availability of advanced treatment in some countries, patients choose to travel to other countries with advanced healthcare facilities.

Market Segmentation

Based on treatment type, the global Medical Tourism market is broadly segmented as dental treatment, cardiovascular treatment, cosmetic treatment, cancer treatment, neurological treatment, oncology treatment, and others. Among all these, the cosmetic treatment accounted for the most significant medical tourism market share in 2018. Over the forecast period (2019-2026) cancer treatment segment is expected to show the fastest market growth. It is owing to the surge in the incidence of cancer worldwide. According to WHO (World Health Organization), 2018, the global cancer rate has risen to 18.1 million new cases and 9.6 million deaths. Globally, about 1 in 6 deaths is due to cancer. Also, cancer treatment is an expensive and prolonged treatment, hence reduced cost of treatment in different countries boosts the growth of the market. According to American Cancer Society, 2019, estimated numbers of new cancer cases and deaths will be 1,762,450 new cancer cases diagnosed and 606,880 cancer deaths in the United States.

Geographical Analysis

The global Medical Tourism market is segmented into North America, Europe, Asia Pacific, South America, and Middle East & Africa. The Asia Pacific region accounted for a major market share in 2018 and is projected to grow at a significant pace over the forecast period (2019-2026). It is owing to the considerable price difference in treatments, tourism-friendly nature of the countries, and lesser stringent regulations associated with cosmetic procedures. Furthermore, development in healthcare infrastructure and economy boost the market growth in Asia-Pacific. For instance, India attracted more than 4 million medical tourists in 2016, generating around €4 billion in health care revenue. Similarly, in Thailand, which has perhaps the most advanced medical tourism sector, 3.5 million foreign patients spent more than €4 billion on health care in 2016. In Singapore, medical tourism accounted for almost €1.6 billion with close to 900,000 patients in 2016.

Competitive Analysis

Significant players of the global medical tourism market are Bumrungrad International Hospital, Mount Elizabeth Hospital, Apollo Hospitals Enterprise Limited; Fortis Healthcare Limited, Bangkok Chain Hospital, Asian Heart Institute; KPJ Healthcare Berhad, KPJ Healthcare Berhad, Asklepios Kliniken GmbH, and others. Majority of these prominent players are adopting few organic and inorganic strategies such as product launches, collaboration, and product agreements, and other key developments to enhance their product portfolio in the global medical tourism market. For instance, in June 2018, BookDoc collaborated with Bumrungrad International Hospital in Thailand.

Why Purchase the Report?

  • Visualize the composition of the Medical Tourism market across each indication, in terms of type and treatment options, highlighting the key commercial assets and players.

  • Identify commercial opportunities in the Medical Tourism market by analyzing trends and co-development deals.

  • Excel data sheet with thousands of data points of the Medical Tourism market - level 4/5 segmentation.

  • A PDF report with the most relevant analysis cogently put together after exhaustive qualitative interviews and in-depth market study.

  • Product mapping in excel for the key products of all major market players.

Target Audience:          

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Table of Contents

1. Global Medical Tourism Market Methodology and Scope

1.1. Research Methodology

1.2. Research Objective and Scope of the Report

2. Global Medical Tourism Market – Market Definition and Overview

3. Global Medical Tourism Market – Executive Summary

3.1. Market Snippet by Type

3.2. Market Snippet by Region  

4. Global Medical Tourism Market – Market Dynamics

4.1. Market Impacting Factors

4.1.1. Drivers

4.1.2. Restraints

4.1.3. Opportunity

4.1.4. Impact Analysis

5. Global Medical Tourism Market – Industry Analysis

5.1. Porter's Five Forces Analysis

5.2. Supply Chain Analysis

5.3. Pricing Analysis

5.4. Regulatory Analysis

5.5. Patent Analysis

6. Global Medical Tourism Market – By Type

6.1. Introduction

6.1.1. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Type

6.1.2. Market Attractiveness Index, By Type

6.2. Dental Treatment

6.2.1. Introduction

6.2.2. Market Size Analysis, and Y-o-Y Growth Analysis (%), 2018-2026

6.3. Cosmetic Treatment

6.4. Orthopedic Treatment

6.5. Cancer Treatment

6.6. Cardiovascular Treatment

6.7. Others (includes Oncology Treatment)

7. Global Medical Tourism Market – By Region

7.1. Introduction

7.1.1. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Region

7.1.2. Market Attractiveness Index, By Region

7.2. North America

7.2.1. Introduction

7.2.2. Key Region-Specific Dynamics

7.2.3. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Type

7.2.4. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Country

7.2.4.1. The U.S.

7.2.4.2. Canada

7.2.4.3. Mexico

7.3. Europe

7.3.1. Introduction

7.3.2. Key Region-Specific Dynamics

7.3.3. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Type

7.3.4. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Country

7.3.4.1. Germany

7.3.4.2. The U.K.

7.3.4.3. France

7.3.4.4. Italy

7.3.4.5. Spain

7.3.4.6. Rest of Europe

7.4. South America

7.4.1. Introduction

7.4.2. Key Region-Specific Dynamics

7.4.3. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Type

7.4.4. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Country

7.4.4.1. Brazil

7.4.4.2. Argentina

7.4.4.3. Rest of South America

7.5. Asia Pacific

7.5.1. Introduction

7.5.2. Key Region-Specific Dynamics

7.5.3. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Type

7.5.4. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Country

7.5.4.1. China

7.5.4.2. India

7.5.4.3. Japan

7.5.4.4. Australia

7.5.4.5. Rest of Asia Pacific

7.6. Middle East & Africa

7.6.1. Introduction

7.6.2. Key Region-Specific Dynamics

7.6.3. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Type

8. Global Medical Tourism Market – Competitive Landscape

8.1. Competitive Scenario

8.2. Competitor Medical Tourism Strategy Analysis

8.3. Comparative Product Portfolio Analysis

8.4. Market Positioning/Share Analysis

8.5. Mergers and Acquisitions Analysis

9. Global Medical Tourism Market - Company Profiles

9.1. Bumrungrad International Hospital

9.1.1. Company Overview

9.1.2. Product Portfolio and Description

9.1.3. Key Highlights

9.1.4. Financial Overview

9.2. Mount Elizabeth Hospital

9.3. Bangkok Chain Hospital

9.4. KPJ Healthcare Berhad

9.5. Asklepios Kliniken GmbH

9.6. Apollo Hospitals Enterprise Limited

9.7. Fortis Healthcare Limited

9.8. Asian Heart Institute

9.9. KPJ Healthcare Berhad

10. Global Medical Tourism Market – Premium Insights

11. Global Medical Tourism Market – DataM

11.1. Appendix

11.2. About Us and Services

11.3. Contact Us

List Of Tables & Figures

LIST OF TABLES

TABLE 01.   GLOBAL MEDICAL TOURISM MARKET VALUE, 2018, 2022 & 2026, BY TYPE, ($MILLION)

TABLE 03.   GLOBAL MEDICAL TOURISM MARKET VALUE 2018, 2022 & 2026, BY REGION, ($MILLION)

TABLE 04.   GLOBAL MEDICAL TOURISM MARKET SHARE 2018, 2022 & 2026 (%), BY TYPE ($MILLION)

TABLE 05.   GLOBAL MEDICAL TOURISM MARKET VALUE, BY TYPE, 2018–2026 ($MILLION)

TABLE 08.   GLOBAL MEDICAL TOURISM MARKET SHARE 2018, 2022 & 2026 (%), BY REGION ($MILLION)

TABLE 09.   GLOBAL MEDICAL TOURISM MARKET VALUE, BY REGION, 2018–2026 ($MILLION)

TABLE 10.   NORTH AMERICA MEDICAL TOURISM MARKET VALUE, BY TYPE, 2018–2026 ($MILLION)

TABLE 12.   NORTH AMERICA MEDICAL TOURISM MARKET VALUE, BY COUNTRY, 2018–2026 ($MILLION)

TABLE 13.   SOUTH AMERICA MEDICAL TOURISM MARKET VALUE, BY TYPE, 2018–2026 ($MILLION)

TABLE 15.   SOUTH AMERICA MEDICAL TOURISM MARKET VALUE, BY COUNTRY, 2018–2026 ($MILLION)

TABLE 16.   EUROPE MEDICAL TOURISM MARKET VALUE, BY TYPE, 2018–2026 ($MILLION)

TABLE 18.   EUROPE MEDICAL TOURISM MARKET VALUE, BY COUNTRY, 2018–2026 ($MILLION)

TABLE 19.   ASIA PACIFIC MEDICAL TOURISM MARKET VALUE, BY TYPE, 2018–2026 ($MILLION)

TABLE 21.   ASIA PACIFIC MEDICAL TOURISM MARKET VALUE, BY COUNTRY, 2018–2026 ($MILLION)

TABLE 22.   MIDDLE EAST & AFRICA MEDICAL TOURISM MARKET VALUE, BY TYPE, 2018–2026 ($MILLION)

TABLE 24.   BUMRUNGRAD INTERNATIONAL HOSPITAL: OVERVIEW

TABLE 25.   BUMRUNGRAD INTERNATIONAL HOSPITAL: PRODUCT PORTFOLIO

TABLE 26.   BUMRUNGRAD INTERNATIONAL HOSPITAL: KEY DEVELOPMENTS

TABLE 27.   MOUNT ELIZABETH HOSPITAL: OVERVIEW

TABLE 28.   MOUNT ELIZABETH HOSPITAL: PRODUCT PORTFOLIO

TABLE 29.   MOUNT ELIZABETH HOSPITAL: KEY DEVELOPMENTS

TABLE 30.   BANGKOK CHAIN HOSPITAL: OVERVIEW

TABLE 31.   BANGKOK CHAIN HOSPITAL: PRODUCT PORTFOLIO

TABLE 32.   BANGKOK CHAIN HOSPITAL: KEY DEVELOPMENTS

TABLE 33.   KPJ HEALTHCARE BERHAD: OVERVIEW

TABLE 34.   KPJ HEALTHCARE BERHAD: PRODUCT PORTFOLIO

TABLE 35.   KPJ HEALTHCARE BERHAD: KEY DEVELOPMENTS

TABLE 36.   ASKLEPIOS KLINIKEN GMBH: OVERVIEW

TABLE 37.   ASKLEPIOS KLINIKEN GMBH: PRODUCT PORTFOLIO

TABLE 38.   ASKLEPIOS KLINIKEN GMBH: KEY DEVELOPMENTS

TABLE 39.   APOLLO HOSPITALS ENTERPRISE LIMITED: OVERVIEW

TABLE 40.   APOLLO HOSPITALS ENTERPRISE LIMITED: PRODUCT PORTFOLIO

TABLE 41.   APOLLO HOSPITALS ENTERPRISE LIMITED: KEY DEVELOPMENTS

TABLE 42.   FORTIS HEALTHCARE LIMITED.: OVERVIEW

TABLE 43.   FORTIS HEALTHCARE LIMITED.: PRODUCT PORTFOLIO

TABLE 44.   FORTIS HEALTHCARE LIMITED.: KG: KEY DEVELOPMENTS

TABLE 45.   ASIAN HEART INSTITUTE.: OVERVIEW

TABLE 46.   ASIAN HEART INSTITUTE.: PRODUCT PORTFOLIO

TABLE 47.   ASIAN HEART INSTITUTE.: KEY DEVELOPMENTS

TABLE 48.   KPJ HEALTHCARE BERHAD: OVERVIEW

TABLE 49.   KPJ HEALTHCARE BERHAD: PRODUCT PORTFOLIO

TABLE 50.   KPJ HEALTHCARE BERHAD: KEY DEVELOPMENTS

TABLE 51.   COMPANY 10: OVERVIEW

TABLE 52.   COMPANY 10: PRODUCT PORTFOLIO

TABLE 53.   COMPANY 10: KEY DEVELOPMENTS

LIST OF FIGURES

FIGURE 01.   GLOBAL MEDICAL TOURISM MARKET SHARE, 2018 & 2026 (%), BY TYPE

FIGURE 03.   GLOBAL MEDICAL TOURISM MARKET SHARE, 2018 & 2026 (%), BY REGION

FIGURE 04.   GLOBAL MEDICAL TOURISM MARKET VALUE, 2018 - 2026 AND YEAR ON YEAR GROWTH

FIGURE 05.   GLOBAL MEDICAL TOURISM MARKET YEAR ON YEAR GROWTH 2018 TO 2026 (%), BY TYPE

FIGURE 06    GLOBAL MEDICAL TOURISM MARKET VALUE, BY ORTHOPEDIC TREATMENT, 2018–2026 ($MILLION)

FIGURE 07    GLOBAL MEDICAL TOURISM MARKET VALUE, BY DENTAL TREATMENT, 2018–2026 ($MILLION)

FIGURE 08    GLOBAL MEDICAL TOURISM MARKET VALUE, BY COSMETIC TREATMENT, 2018–2026 ($MILLION)

FIGURE 09    GLOBAL MEDICAL TOURISM MARKET VALUE, BY CANCER TREATMENT, 2018–2026 ($MILLION)

FIGURE 08    GLOBAL MEDICAL TOURISM MARKET VALUE, BY CARDIOVASCULAR TREATMENT, 2018–2026 ($MILLION)

FIGURE 10    GLOBAL MEDICAL TOURISM MARKET SHARE (%), BY OTHERS, 2018 & 2026

FIGURE 17   GLOBAL MEDICAL TOURISM MARKET YEAR ON YEAR GROWTH 2018 TO 2026 (%), BY REGION

FIGURE 18    NORTH AMERICA MEDICAL TOURISM MARKET VALUE, 2018–2026 ($MILLION)

FIGURE 19    NORTH AMERICA MEDICAL TOURISM MARKET SHARE (%), BY TYPE, 2018–2026 ($MILLION)

FIGURE 21    NORTH AMERICA MEDICAL TOURISM MARKET SHARE (%), BY COUNTRIES, 2018–2026 ($MILLION)

FIGURE 22    SOUTH AMERICA MEDICAL TOURISM MARKET VALUE, 2018–2026 ($MILLION)

FIGURE 23    SOUTH AMERICA MEDICAL TOURISM MARKET SHARE (%), BY TYPE, 2018–2026 ($MILLION)

FIGURE 25    SOUTH AMERICA MEDICAL TOURISM MARKET SHARE (%), BY COUNTRIES, 2018–2026 ($MILLION)

FIGURE 26    EUROPE MEDICAL TOURISM MARKET VALUE, 2018–2026 ($MILLION)

FIGURE 27    EUROPE MEDICAL TOURISM MARKET SHARE (%), BY TYPE, 2018–2026 ($MILLION)

FIGURE 29    EUROPE MEDICAL TOURISM MARKET SHARE (%), BY COUNTRIES, 2018–2026 ($MILLION)

 FIGURE 30    ASIA PACIFIC MEDICAL TOURISM MARKET VALUE, 2018–2026 ($MILLION)

FIGURE 31    ASIA PACIFIC MEDICAL TOURISM MARKET SHARE (%), BY TYPE, 2018–2026 ($MILLION)

FIGURE 33    ASIA PACIFIC MEDICAL TOURISM MARKET SHARE (%), BY COUNTRIES, 2018–2026 ($MILLION)

FIGURE 34    MIDDLE EAST AND AFRICA MEDICAL TOURISM MARKET VALUE, 2018–2026 ($MILLION)

FIGURE 35    MIDDLE EAST AND AFRICA MEDICAL TOURISM MARKET SHARE (%), BY TYPE, 2018–2026 ($MILLION)

FIGURE 37.   BUMRUNGRAD INTERNATIONAL HOSPITAL: FINANCIALS

FIGURE 38.   MOUNT ELIZABETH HOSPITAL: FINANCIALS

FIGURE 39.   BANGKOK CHAIN HOSPITAL: FINANCIALS

FIGURE 40.   KPJ HEALTHCARE BERHAD: FINANCIALS

FIGURE 41.   ASKLEPIOS KLINIKEN GMBH: FINANCIALS

FIGURE 42.   APOLLO HOSPITALS ENTERPRISE LIMITED: FINANCIALS

FIGURE 43.   FORTIS HEALTHCARE LIMITED.: FINANCIALS

FIGURE 44.   ASIAN HEART INSTITUTE: FINANCIALS

FIGURE 45.   KPJ HEALTHCARE BERHAD: FINANCIALS

FIGURE 46.   COMPANY 10: FINANCIALS

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