Medical Tourism Market Size, Shares, Growth, Segments, Industry Analysis & Outlook 2016-2022
The latest
report on Medical Tourism Market by Infinium
global research gives complete coverage of the Medical Tourism Market by by
Destination (India, Costa, Rica, Israel, Malaysia, Mexico, Singapore, South
Korea, Taiwan, Thailand, Turkey, and United States) in terms of key trends,
market size, forecast and CAGR growth over the period of 2016 to 2022. In
addition, the study covers deep dive into key product and applications trends
in the regional markets of Medical Tourism such as North America, Europe,
Asia-Pacific and Latin America over the short run and long run.
The global
growth in the flow of patients and health professionals as well as medical
technology, capital funding and regulatory regimes across national borders has
given rise to new patterns of consumption and production of healthcare services
over recent decades. Moreover, as healthcare treatment turns costlier in
developed countries, the people travel from one country to another to receive medical
treatments, which are referred as medical tourism. These medical treatments
could be either sophisticated treatments, which include cardiac, orthopedic,
dental, and neurosurgeries; or non-compulsory treatments such as cosmetic
surgeries. Costa Rica, India, Israel, Malaysia, Mexico, Thailand, Turkey,
Singapore, South Korea, Taiwan and United States are some of the key
destination countries for the medical tourism patients.
High cost of
treatments, rise in base of geriatric population, increasing adoption of
sophisticated technology, increasing awareness about cost effective treatments
available in developing countries, and favorable exchange rates are key factors
driving the market growth. In addition, long waiting time for treatment in some
countries, and employers, insurers and health insurance agents who are seeking
medical treatments abroad due to economic crisis in some countries further is
propelling the market growth in the coming years. The global market for medical
tourism was valued at USD 78.5 billion in 2015 and is expected to reach around
USD 327.3 billion by 2022, growing at a CAGR of 19.9% during the forecast
period of 2016 to 2022.
As a result of globalization of healthcare services over the last few years, the medical tourism has gained lot of popularity among highly industrialized countries like the United States and the European countries. Geographic proximity and cultural similarities also driving the market further. Americans prefer Mexico, Costa Rica or Panama for dental services or cosmetic surgeries due to their proximity. Southeast Asia and India are the choice destinations for orthopedic and cardiovascular cases due to the high quality of healthcare, and a significant number of U.S accredited hospitals and physicians.
Companies profiled:
- Bumrungrad Hospital
- Bangkok Dusi
- Medical Services
- Apollo Enterprise Ltd
- Raffles Medical Group
- IHH Healthcare Berhad
- Fortis Hospital
- Prince Court Medical Center
- Wooridul Spine Hospital
- Gleneagles Hospital
- Wooridul Spine Hospital
- Gleneagles Hospital
Key topics covered:
1.
Scope of the report
2.
Executive summary
3.
Qualitative analysis
4.
Global medical tourism markets, by destination, 2015 – 2022
5. Company profiles
Click to View Complete Report @ https://www.infiniumglobalresearch.com/healthcare_medical_devices/medical_tourism_market
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