The latest research report by Polaris Market Research provides a thorough analysis of a rapidly growing market. It covers all the key market aspects, including Medical Tourism Market share, size, drivers, trends, and major developments. Also, it offers market forecasts at the national, regional, and global levels. An in-depth analysis of market segments, along with an examination of the market performance across major regions and sub-regions, has been included in the study. The report provides insights into strategic developments to help stakeholders devise effective operating strategies.
The report includes a thorough value chain analysis to help readers gain crucial information on the outbound and inbound market logistics. Additionally, a thorough examination of key market participants addressing diverse consumer needs has been provided in the study. It further covers the emerging market trends and opportunities market participants can capitalize on. Pictorial representations, including charts, tables, and graphs, have been provided to help readers comprehend the key stats and other data easily.
Global Medical tourism market size and share is currently valued at USD 13.69 billion in 2024 and is anticipated to generate an estimated revenue of USD 80.07 billion by 2032 according to the latest study by Polaris Market Research. Besides, the report notes that the market exhibits a robust 24.7% Compound Annual Growth Rate (CAGR) over the forecasted timeframe, 2024 – 2032
Market Dynamics:
This section of the research report sheds light on the evolution of the market, covering how market participants are responding to technological shifts. The impact of the shifting market landscape and globalization has been provided in the study. Also, all the key factors driving Medical Tourism market growth have been covered.
The report covers major market trends and opportunities market participants can capitalize on. Additionally, it presents crucial information on market restraints and challenges and how businesses can navigate them. Furthermore, an analysis of technological advancements and regulatory shifts and their impact on market demand has been included in the study.
A few of the key players operating in the market are:
- Apollo Hospitals Enterprise Ltd.
- Bangkok Hospital
- Bumrungrad International Hospital
- Dr. B. L. Kapur Memorial Hospital
- Kasemrad Hospital International Rattanathibet
- Miot Hospital
- Mission Hospital
- MOHW Hengchun Tourism Hospital
- Mount Elizabeth Hospitals
- Penang Adventist Hospital
- Raffles Medical Group
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Recent Developments in Medical Tourism
- February 2024: Egypt’s Ministry of Tourism launched a unified platform for health and tourism, integrating medical and healing services to strengthen its medical tourism sector.
- January 2024: PT JCB Indonesia (a subsidiary of JCB International Co., Ltd.) partnered with Sunway Healthcare Group to promote medical tourism. The collaboration aims to introduce Sunway Healthcare’s services to over 156 million JCB cardholders worldwide.
- February 2023: Penang is set to expand its medical tourism industry through a strategic collaboration between Penang Adventist Hospital and Firefly Airlines, making healthcare more accessible for international patients.
- January 2023: India Tourism Development Corporation (ITDC) and the Ministry of Ayush signed an agreement to enhance medical tourism in Ayurveda and traditional Indian medicine. The initiative, under the “Heal in India” campaign, promotes Ayurveda, Yoga, and other holistic healing systems to global travelers.
Table of Contents
Global Medical Tourism Market, by Treatment Type
5.1. Key Findings
5.2. Introduction
5.2.1. Global Medical Tourism, by Treatment Type, 2019-2032 (USD Billion)
5.3. Cosmetic Treatment
5.3.1. Global Medical Tourism Market, by Cosmetic Treatment, by Region, 2019-2032 (USD Billion)
5.4. Bariatric Treatment
5.4.1. Global Medical Tourism Market, by Bariatric Treatment, by Region, 2019-2032 (USD Billion)
5.5. Dental Treatment
5.5.1. Global Medical Tourism Market, by Dental Treatment, by Region, 2019-2032 (USD Billion)
5.6. Cardiovascular Treatment
5.6.1. Global Medical Tourism Market, by Cardiovascular Treatment, by Region, 2019-2032 (USD Billion)
5.7. Orthopedic Treatment
5.7.1. Global Medical Tourism Market, by Orthopedic Treatment, by Region, 2019-2032 (USD Billion)
5.8. Ophthalmology Treatment
5.8.1. Global Medical Tourism Market, by Ophthalmology Treatment, by Region, 2019-2032 (USD Billion)
5.9. Infertility Treatment
5.9.1. Global Medical Tourism Market, by Infertility Treatment, by Region, 2019-2032 (USD Billion)
5.10. Alternative Medicine
5.10.1. Global Medical Tourism Market, by Alternative Medicine, by Region, 2019-2032 (USD Billion)
5.11. Others
5.11.1. Global Medical Tourism Market, by Others, by Region, 2019-2032 (USD Billion)
Global Medical Tourism Market, by Service Provider
6.1. Key Findings
6.2. Introduction
6.2.1. Global Medical Tourism Market, by Service Provider, 2019-2032 (USD Billion)
6.3. Private
6.3.1. Global Medical Tourism Market, by Private, by Region, 2019-2032 (USD Billion)
6.4. Public
6.4.1. Global Medical Tourism Market, by Public, by Region, 2019-2032 (USD Billion)
Regional Outlook
- North America (U.S., Canada)
- Europe (France, Germany, UK, Italy, Netherlands, Spain, Russia)
- Asia Pacific (Japan, China, India, Malaysia, Indonesia. South Korea)
- Latin America (Brazil, Mexico, Argentina)
- Middle East & Africa (Saudi Arabia, UAE, Israel, South Africa)
Research Methodology:
The research methodology involves the collection of crucial data and information by expert analysts. The collected data is then carefully filtered to offer an accurate and reliable Medical Tourism market analysis. The primary research technique involves interviews with leading market participants to make it both practical and relevant. Besides, secondary research has been included to provide insights into the demand and supply connection. Publicly available data sources such as annual reports and white papers have also been used to provide an insightful market analysis.
Top Features of Medical Tourism Market Report:
- In-depth market analysis covering all the key market aspects
• Historical, current, and projected market size in terms of value and volume
• Detailed market segmentation covering all the major market segments
• Thorough examination of major market developments
• Assessment of the product offerings of market players and their operating strategies
• Includes classification of potential new clients or partners in the target demographic
Key Questions Answered in Report:
- What are the key market growth drivers?
• What are the market projections considering production value and capacity?
• What will be the impact of strategic developments on market growth?
• Who are the Medical Tourismmarket key players?
• What are the major market trends that can be used to maximize revenue?
• Which research methodologies have been used while preparing the research report?
• Who could benefit from the research report?
Medical Tourism market research report provides an in-depth analysis by covering all the major market aspects. All the stats and information presented in the study go through a multi-step verification method to ensure accuracy and reliability. The report is a must-read for policymakers, suppliers, stakeholders, and anyone involved or interested in the market.
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