Global Medical Tourism Market To Reach A Value Of US$ 137 Billion By 2026: GMI Research

October 03 11:46 2019
Global Medical Tourism Market To Reach A Value Of US$ 137 Billion By 2026: GMI Research
Global Medical Tourism Market, By Speciality (Cardiovascular Treatment, Orthopedic Treatment, Neurological Treatment, Cancer Treatment, Fertility Treatment, Cosmetic Surgery, Dental Care , Other Surgery ) and Geography – Opportunities & Forecast, 2019-2026

GMI Research has published a new study titled “Global Medical Tourism Market, By Speciality (Cardiovascular Treatment, Orthopedic Treatment, Neurological Treatment, Cancer Treatment, Fertility Treatment, Cosmetic Surgery, Dental Care , Other Surgery ) and Geography – Opportunities & Forecast, 2019-2026”, which orates the future prospects set to strike the Medical Tourism Market during the forecast period.

The Global Medical Tourism Market was valued at USD 75 billion in 2018, and is projected to reach USD 137 billion by 2026, growing at a CAGR of 7.9% during 2019-2026.

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Medical tourism is when people living in one country travel to other county with an objective of seeking medical treatment of any form, the particular treatment may not be available, unaffordable and not accessible in the patient’s own country. The treatment may include a variety of therapeutic services. The overall procedural cost of undergoing medical treatment in an established and developed nation is very high. Although, the treatments are of high and reliable quality, the procedural cost tend to be on the more expensive side compared to cost in non-developed and developing nation. Moreover , the trending healthcare surgical procedures are highly priced which places a heavy burden on the healthcare systems.

Based on Speciality, Cardiovascular treatment is anticipated to lead the market during 2019–2026
Cardiovascular Treatment segment is expected to hold maximum share in the market during the forecast period due to technological advancement and lower procedural cost in the field of healthcare services in the developing and non-developed nations. However, the highest growth rate is predicted to be exhibited by Dental care speciality segment during the forecast period owing to surging adoption of Medical Tourism services among healthcare professionals and patients due to their high connectivity and comparatively lower cost. Additionally, wide availability of advanced Medical Tourism services and treatment and rising demand for accurate but cheap treatment are likely to push the growth of global Medical Tourism market in the forecast years.

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The companies are focusing on cheaper and effective medical tourism package launches for keeping their leadership in global Medical Tourism market.
Asia-Pacific held the largest share in global Medical Tourism market in 2018 owing to increase in awareness related to global tourism, having a high percentage of incoming patients, comparatively less procedural cost with advanced healthcare services. Europe is predicted to be the attractive regional market in global Medical Tourism market and is likely to show a steady growth in the next few years.

Various notable players operating in global Medical Tourism market include BB Health Solutions, Euro medical Tours, Raffles Media Group, Apollo Hospitals, Health base, Medretreat, KPJ Healthcare Behard, Prince Court Medical Center, Cosmedic Travel and others.

The Global Medical Tourism Market has been segmented on the basis of speciality and key geographies. Based on speciality type, the market comprises of Cardiovascular Treatment, Orthopedic Treatment, Neurological Treatment, Cancer Treatment, Fertility Treatment, Cosmetic Surgery, Dental Care , Other Surgery.

Key questions answered in this research report:
• At what pace is the Medical Tourism market growing worldwide? What will be the growth trend in future?
• What are the key drivers and restraints in the current market? What will be the impact of drivers and restraints in the coming years?
• What are the regional revenue and forecast breakdowns? Which are the major regional revenue pockets for growth in global Medical Tourism market?
• What are the various application areas and how they are poised to grow?

Market Segmentation
By Speciality
• Cardiovascular Treatment
• Orthopedic Treatment
• Neurological Treatment
• Cancer Treatment
• Fertility Treatment
• Cosmetic Surgery
• Dental Care
• Other Surgery

By Geography
• North America
o By Speciality type
o US
o Canada
o Mexico

• Europe
o By Speciality type
o UK
o Germany
o Spain
o Rest of Europe

• Asia-Pacific
o By Speciality type
o China
o Australia
o India
o Rest of APAC

• ROW
o By Speciality type
o Brazil
o South Africa
o GCC countries
o Rest of world (remaining countries of the LAMEA region)

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