Medical Tourism Market - About the Report. VIEW DESTINATIONS Watch the Video 2020-2021 MTI Overview Global Medical Tourism Market Size (2021 to 2026) As per our recent report, the global medical tourism market size is forecasted to be worth 78.15 billion by 2026 from USD 33.03 billion in 2021, growing at a CAGR of 18.8% between 2021 to 2026. The global medical tourism services market report also provides the detailed market landscape, market drivers, restraints, opportunities), market attractiveness analysis, market profitability analysis and profiles of major competitors in the global market including hospital overview, key products, technologies and services offered, and recent . The Global Medical Tourism Market is estimated to reach USD 205.9 billion by 2027. This limited definition may be appropriate for study of destinations drawing DUBLIN--(BUSINESS WIRE)--The "Turkey Medical Tourism Potential" report has been added to ResearchAndMarkets.com's offering.Turkey is a top tourism destination for medical tourism with potential in . The global Medical Tourism market, which was estimated at $102.60 billion in 2019 and is predicted to accrue earnings worth $272.70 billion by 2027, is set to record a CAGR of nearly 12.7% over 2020-2027.The report offers valuation and analysis of Medical Tourism market on a global as well as regional level. The Medical Tourism market research report 2021 presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry . Recent reports spotlighting retail clinics, the medical home payment model and other innovations point to a common theme - CHANGE. Global medical tourism market is expected to . medical tourism realms, and the integration of spas into these markets varies widely across different countries and regions. Medical tourists from the United States commonly travel to Mexico and Canada, as well as countries in Central America, South America, and the Caribbean. Date: 13th April 2008. The several healthcare services include medical treatment, wellness, alternative treatment. 17.6 million travellers (including spa and wellness) (Global Spa Summit 2011) 750 Thousand US medical travellers alone (Deloitte 2008) 60 to 85 thousand global travellers (McKinsey 2008) 7 million global medical travellers (Patientsbeyondborders.com) US$106 billion (spa and wellness); US$50 billion (medical travel) (Global Spa Summit 2011) Global Medical Tourism Market Research Report 2021 - Impact of COVID-19 on the Market is a market research report available at US $3000 for a Single User PDF License from RnR Market Research Reports Library. Medical tourism introduces a range of attendant risks and opportunities for patients. in the world medical tourism sector. Using a global medical tourism database that is updated weekly, the bespoke report is compiled within 5 working days using the latest information available. 3. Keywords: medical tourism, health tourism, global health care. The Medical Tourism Services Market report covers the whole situation of the worldwide market including central members, their future missions, favored providers, pieces of the pie alongside verifiable information and value investigation. Global medical tourism market was valued at US$ 162.7 Bn in 2020, and is expected to exhibit a CAGR of 10.2% over the forecast period (2021-2031). Report Overview. The global medical tourism services market report also provides the detailed market landscape, market drivers, restraints, opportunities), market attractiveness analysis, market profitability analysis and profiles of major competitors in the global market including hospital overview, key products, technologies and services offered, and recent . Medical Tourism Market Report Scope Segments Covered in the Report This report forecasts revenue growth at country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2016 to 2027. In a survey conducted by 'Pharmaceutical Technology', more than 50% of the respondents said that the medical tourism industry will take around 1-3 years to recover to the pre . Google Scholar 19. A forecast by Deloitte Consulting published in August 2008 projected that medical tourism originating in the US could jump by a factor of ten over the next decade. While most would think that medical travelers seek cheap and fast medical attention, some facts in a February 2018 report by PWC regarding medical tourism indicated otherwise. Medical Tourism Market - Global Outlook & Forecast 2021-2026 : September 2021 $ 3750 Medical Tourism Market Growth Analysis and Insights, 2021: Trends, Market Size, Share Outlook and Opportunities by Type, Application, End Users, Countries and Companies to 2028 : September 2021 $ 4580 Global Market Study on Medical Tourism: Group Travellers to Drive Market Revenue to a Great Extent According to the latest report by IMARC Group, titled "Medical Tourism Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026," the global medical tourism market is currently experiencing strong growth.Medical tourism refers to the global phenomenon wherein individuals travel outside their country of residence for the purpose of receiving medical care. This report focuses on the medical tourism market which is experiencing strong growth. The Medical Tourism Index measures and compares the consumer perception of medical tourism amongst leading destinations. persp. What is changing rapidly is each country's share of the total, and the type of medical tourist they are attracting, It highlights . Increase in volume of Chinese patients 6. Lunt N, Smith R, Exworthy M, Green S, Horsfall D, Mannion R (2011) Medical tourism: treatments, market and health system implications: a scoping review. One segment comprises of people who travel to other countries for rejuvenation purposes and the other comprises of people who Report scope can be customized per your requirements. Medical tourism is when a person travels to another country for medical care. Jamaica is taking a logical approach to developing medical tourism by developing a road map to define the country's priorities. FEATURED COMPANIES. Health insurance continues to shun the medical tourism market 4. Medical tourism is an emerging global trend, one that has already taken root in Canada, but for which the future is In simple words medical tourism is the activity of travelling to other countri es to receive superior. Medical Tourism Global Market Report 2022 from The Business Research Company provides the strategists, marketers and senior management with the critical information they need to assess the global medical tourism market. In 2020, the North American region had accounted for the leading global medical tourism market share. As per the scope of the report, medical tourism is an improvement of the healthcare system, which provides quality medical care to people seeking treatment. Key Market Trends Patients travel to other countries for obtaining good medical treatment. Most medical tourism reports are out of date by the time they are published, so this one works in a new way. Dublin, Dec. 10, 2021 (GLOBE NEWSWIRE) -- The "Medical Tourism Global Business Report 2021" report has been added to ResearchAndMarkets.com's offering. Apollo in India, report revenue growth of about 20 percent to 25 percent an-nually.4 McKinsey & Company estimates that Indian medical tourism alone will grow to $2.3 billion by 2012.5 Singapore hopes to treat 1 million foreign patients that year.6 Reports on the number of patients traveling abroad for health care over Using a global medical tourism database that is updated weekly, the bespoke report is . medical tourism in 2019: 1. The rise of online medical agencies 3. The global medical tourism market size is expected to grow from $32.02 billion in 2021 to $35.77 billion in 2022 at a compound annual growth rate (CAGR) of 11.7%. In the last few years South Asia and Southeast Asia have emerged as major destinations for medical tourism, including countries such as Thailand, India, Singapore, and Malaysia. India has persistently recognized the . Developing healthcare sectors in different countries are driving patients from around the world to avail the of top-class medical . An estimated 750,000 Americans went abroad for health care in 2007, and the report estimated that 1.5 million would seek health care outside the US in 2008. This is a report by IVANHOE News. This report aims to synthesize the key trends, developments, and challenges emerging with the growth of medical tourism and wellness tourism, and to present a number of considerations and Each year, millions of US residents participate in medical tourism. Like regular international travelers, medical tourists are presently unable to travel to Thailand to receive treatment. Medical tourism Exhibit 1 of 6 Glance: Only a fraction of today's international inpatients are medical travelers. The global medical tourism market is segmented on the basis of type, application, and geography. It is estimated that the global medical tourism industry will grow at a compound annual growth rate of 17.9% in 2013-2019, reaching USD32.5 billion in 2019. Medical tourism is seeing healthy growth globally 5. Dublin, Oct. 26, 2021 (GLOBE NEWSWIRE) -- The "Global Medical Tourism Market 2016-2026" report has been added to ResearchAndMarkets.com's offering. Thirty-eight Americans came back from surgeries in Mexico with carbapenem-resistant Pseudomonas aeruginosa infections. Report Objectives: • Landscape analysis of the Medical Tourism Market • competitive benchmarking • Past and current status of the industry with the forecasted market size and trends • Evaluation of potential key players that include market leaders, followers, and new entrants • Technology trends • Potential impact of micro-economic factors of the market • External and Internal . tourism destinations include Costa Rica, India, Israel, Mala ysia, Mexico . medical treatment/health care facilities at aff ordable costs, by highly skilled doctors/surg . In the last few years South Asia and Southeast Asia have emerged as major destinations for medical tourism, including countries such as Thailand, India, Singapore, and Malaysia. The research report is titled "Medical Tourism Market research by Types (Cardio Internal Medicine, Cardiothoracic Surgery, Oncology, Fertility Treatments, Orthopedic Treatment, Other), By Applications (Application 1, Application 2), By Players/Companies Pantai Holdings Berhad, KPJ Healthcare Berhad, Dentalpro . Various other countries also offer medical care at affordable prices along with advanced technologies like Thailand, Malaysia, Turkey, Singapore . the subject of medical tourism, such material is hardly ever evidence-based. Using a global medical tourism database that is updated weekly, the bespoke report is . The global Medical Tourism Market was valued at USD XXX billion in 2020, and it is expected to reach USD XXX billion by 2027, with a CAGR of XXX %, during the forecast period (2021-2027). Medical Tourism Brings Wealth to Developed As Well As Developing Economies Across Continents. A report prepared by UK consultants CTA Economic and Export Analysts and presented at a health and wellness tourism workshop in Kingston, noted that Jamaica needs to attract more foreign investment to develop new facilities, […] Raising clinical standards and reputation with international accreditation 2. On the basis of country level, medical tourism market is sub divided . According to the Medical Tourism Market Report 2015, India was found as one of the lowest cost and highest quality of all medical tourism destinations. medical tourism market size revenues are poised to reach usd 77.30 billion through 2027, to expand at a steady cagr of 20.5% by 2027, as per an in-depth medical tourism market report by market. Globalization has further boosted the growth of Medical tourism and its found to be complimenting the growth of hotel and travel industry business in India. The top global medical. Medical tourism can leave home country physicians in problematic positions: Faced with the reality that medical tourists often need follow-up when they return, even if only to monitor the course of an uneventful recovery; confronted with the fact that returning medical tourists often do not have records of the procedures they underwent and the . Medical Tourism Global Market Report 2021: COVID-19 Growth and Change to 2030 provides the strategists, marketers and senior management with the critical information they need to assess the global . INTRODUCTION Players, stakeholders, and other participants in the global Outbound Medical Tourism Services market will be able to gain the upper hand as they use the report as a powerful resource. The Europe Medical Tourism Market size is projected to worth USD 17.26 billion by 2026. According to a report by FICCI and IMS Health, out of the total global medical tourism market, India holds a share of approximately 18% and it estimated to reach more than 20% in the upcoming years. The average spending per visit now rests at $3,000 - $10,000 per tourist. For the purpose of this study, Grand View Research has segmented the medical tourism market based on countries: Amid the COVID-19 crisis, the global market for Medical Tourism estimated at US$66.7 Billion in the year 2020, is projected to reach a revised size of US$143.6 Billion by 2027, growing at a CAGR of 11.6% over the analysis period 2020-2027. The global market size, trends along with drivers and restraints are covered in the medical tourism market report The U.S. accounts for 36% of global medical tourism spending. This review identifies the key emerging policy issues relating to the rise of ‗medical tourism'. Increasing number of countries are jumping on the cross-border medical tourism bandwagon. Report. The report titled "A Prescription For A Healthier Economy" shows international spending on medical tourism products and services grew by 358% in nominal terms between 2000 and 2017, increasing from. medical tourism grows, it is likely that market segmentation will occur and agreed-upon definitions will emerge for different types of medical travel (Ratner, 2009). The increasing adoption of initiatives to promote medical tourism, along with the high quality of medical care, is expected to boost the . It offers background, a global overview, details of the market and product types, details of trade bodies and global . ATLAS, Arnhem. The market is set to grow at a CAGR of 20.5% during the forecast period 2020-2026, owing to factors like affordability and accessibility of good quality healthcare services, latest technologies, innovative medicines, health insurance portability, better hospitality and personalized care. Overall medical tourism market is estimated at around 40 to 55 billion USD and is believed to be growing at 15%.4 Over 11 million people travel to seek medical care abroad Key sources of outbound medical tourism are developed regions such as USA and UK and emerging regions like Russia, China and Latin America. The Medical Tourism Index (MTI) ranks American perceptions of 46 international healthcare destinations, providing insight into how consumers view 41 criteria across three primary dimensions, including Destination Attractiveness, Safety, and Quality of Care. The medical tourism market size exceeded USD 10.1 billion in 2020 and is poised to grow at over 12% CAGR between 2021 and 2027, driven by rising awareness regarding medical tourism among patients coupled with low cost of medical procedures in developing countries. Medical tourism market size and estimations are based on comprehensive analysis of the key developments in the industry. France stood second with tourists spending US$800 Mn for medical purposes in 2019. Countries of Europe studied in this report are UK, France, Spain, Germany, Italy, Russia, Sweden, Denmark, Switzerland, Netherlands, Turkey, Czech Republic and Rest of Europe. India Medical Tourism Market, By Type (Inbound v/s Outbound), By Treatment Type (Orthopedic Surgery, Cardiac Surgery, Cancer Treatment, Neurology & Neurosurgery, Others), By Service, By Region, Top 3 States, Competition Forecast & Opportunities, FY2027.

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