Medical Tourism Market is Expected to Grow at a CAGR of 15% from 2016 to 2022

Posted on 2017-08-11 by WiseGuy Research in Healthcare // 0 Comments

CITY, Country, 2017-Aug-11 — /EPR Network/ —

Market Highlights

The medical tourist industry is dynamic and volatile in nature. The range of factors including the political instability, travel restrictions, advertising practices, economic climate, domestic policy changes, geo-political shifts, innovative and pioneering forms of treatment has contributed towards the shift in patterns of consumption and production of domestic and overseas health services. The reason for the shift is are the relatively low-cost of treatments in less developed nations, the availability of inexpensive flights and increased marketing and online consumer information about the availability of medical services.

Global Medical Tourism Market:

The global medical tourism market has been evaluated as a growing market and it is expected that the market will touch high growth figures in future. Factors such less expensive treatment options in developing countries and the advancement in the technologies for the treatment of chronic diseases will drive the growth of the market. The global medical tourism market is expected to grow with CAGR of ~15% during the forecasted period.

Medical Tourism Global Market – Overview

According to a recent study report published by the Market Research Future, The global market of Medical Tourism is projected to grow at a rapid pace during the forecast period(2017– 2022). The Market is forecasted to account for a surplus growth with a striking CAGR between 2017 and 2022.

The striking growth of Medical Tourism Market is attributed to the advanced and cost effective technologies, states the Research Analyst responsible for the contribution to the in depth Market study report by the Market Research Future. The increasing globalization, increasing global capital funding and advancement in medical technology has led to the betterment of international healthcare services. Medical Tourism Market is majorly led by the Medical excellence along with international accreditation. Increasing accredited facilities is a prime factor propelling the market growth of Medical Tourism.

However, medical tourists are highly prone to a wide variety of health risks after they return. The conditions may include TB, paratyphoid, amoebic dysentery, deep vein thrombosis, and more; usually caused due to poor post-operative care and inadequate rest. This could affect the market to some extent. Additionally, factors such as stringent documentation processes, issues related to visa approval, and limited insurance coverage are also anticipated to pose as a challenge to the growth of the Medical Tourism global market.

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Key Players for Global Medical Tourism Market:

Parkway Pantai Limited (Singapore),
Prince Court Medical Centre (Malaysia),
Shouldice Hospital (Canada),
Schoen-Kliniken (Germany),
Bumrungrad International Hospital (Bangkok),
Bangkok Hospital (Bangkok),
Clemenceau,
CHRISTUS MUGUERZA,
Fortis Healthcare (India)

The Hottest Trend in the Market

Medical tourism is associated to the broader notion of health tourism which in some countries has longstanding historical backgrounds of spa towns and coastal localities and other therapeutic landscapes. This industry is growing at very rapid pace. The most advanced technology, better quality care for the medically necessary procedures and the lower-cost care for the medically necessary procedures are some of the major factors driving the market for medical tourism.

Among the treatment; cosmetic surgery, dentistry, cardiology/cardiac surgery, orthopedic surgery, bariatric surgery, fertility/reproductive system, organ and tissue transplantation, eye surgery are compositing the growth of the market. It is projected to grow at a steady pace from the period of 2013 to 2022.

Taste the market data and market information presented through more than 50 market data tables and figures spread in 110 numbers of pages of the project report. Avail the in-depth table of content TOC & market synopsis on “Medical Tourism Market Research Report- Global Forecast to 2022”

Segments:

Global medical tourism market has been segmented

On the basis of treatment which comprises of cosmetic surgery, dentistry, cardiology/cardiac surgery, orthopedic surgery, bariatric surgery, fertility/reproductive system, organ and tissue transplantation, eye surgery and others.

On the basis of region; market is segmented into Americas, Europe, Asia-Pacific, Middle East & Africa.

Browse full report @ https://www.marketresearchfuture.com/reports/medical-tourism-market

Intended Audience

Medical device manufacturers
Medical device suppliers
Private Research Laboratories
Research and Development (R&D) Companies
Market Research and Consulting Service Providers

Table of Content

1   Introduction
1.1   Definition
1.2   Scope of Study
1.3   Research Objective
1.4   Assumptions & Limitations
1.5   Market Structure:

2   Research Methodology
2.1   Research Process
2.2   Primary Research
2.3   Secondary Research

3   Market Dynamics
3.1   Drivers
3.2   Restraints
3.3   Opportunities
3.4   Challenges
3.5   Macroeconomic Indicators

4   Market Factor Analysis
4.1   Porter’s five forces model
4.1.1   Bargaining Power of suppliers
4.1.2   Bargaining Power of Customer
4.1.3   Intensity of Competitor’s
4.1.4   Threat of New Entrants

5 Global Medical tourism Market, by Treatment

Continue…………

The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value, technological advancement, macro economical and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different market segments and regions.

About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

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