Medical Tourism Market Anticipating Future Market SizePosted by ellyse perry on June 15th, 2023  The Medical Tourism Market worldwide is anticipated to expand significantly, with an estimated value of 5,153.2 million by 2031 and a healthy annual growth rate of 20.2% for the forecast period of 2021–2031. Numerous factors, such as rising healthcare costs in developed nations, restricted insurance coverage and benefits in local markets, increased demand for specialised procedures like gender reassignment surgery and reproductive therapy, and improved access to cutting-edge treatment options, can be blamed for this growth. Patients are increasingly looking for alternate options for medical treatments abroad as healthcare expenses continue to grow in wealthy countries. Many local markets lack complete healthcare coverage and offer little insurance benefits, which encourages people to consider medical tourism as a potential remedy. The industry is also fueled by the rising desire for uninsured operations like gender reassignment surgery and reproductive therapy, as well as the accessibility of the most cutting-edge therapeutic solutions currently available. Additionally, the ageing population and the rise in lifestyle-related illnesses have an impact on the global medical tourism business, increasing the demand for specialised medical treatments. As a result, patients are looking for medical tourism locations that provide cutting-edge facilities, highly qualified medical staff, and affordable treatment alternatives. Get A Sneak Peek into Our Market Research Reports by Downloading a Free Sample Today https://marketdatalibrary.com/download-sample/4263 The thorough market research study offers in-depth insights into the elements influencing the expansion of the worldwide medical tourism market, as well as major market trends, new business prospects, and industry participant obstacles. This research is a useful tool for stakeholders, decision-makers, healthcare professionals, and investors who want to comprehend and take advantage of the lucrative potential in the medical tourism business. It does so with in-depth analysis and precise forecasts. Global medical tourism market will reach 5,153.2 million by 2031, growing by 20.2% annually over 2021-2031, driven by the growing healthcare expenses in developed countries, inadequate insurance benefits and a lack of healthcare insurance in the local market, increased demand for non-covered operations such as gender reassignment surgery and reproductive therapy, the rising accessibility to the most recent and technologically radical procedures of treatment, and the growing lifestyle-related disorders along with the aging population. Highlighted with 86 tables and 92 figures, this 176-page report “Global Medical Tourism Market 2021-2031 by Specialty Type (Cosmetic, Cardiac, Orthopedic, Dental, Fertility, Organ Transplant, Bariatric), Tourism Type, Consumer Group, Tour Type, and Region: Trend Forecast and Growth Opportunity” is based on comprehensive research of the entire global medical tourism market and all its sub-segments through extensively detailed classifications. Profound analysis and assessment are generated from premium primary and secondary information sources with inputs derived from industry professionals across the value chain. The report is based on studies on 2019-2021 and provides forecast from 2022 till 2031 with 2021 as the base year. (Please note: The report will be updated before delivery so that the latest historical year is the base year and the forecast covers at least 5 years over the base year.) In-depth qualitative analyses include identification and investigation of the following aspects:
The trend and outlook of global market is forecast in optimistic, balanced, and conservative view by taking into account of COVID-19 and Russia-Ukraine conflict. The balanced (most likely) projection is used to quantify global medical tourism market in every aspect of the classification from perspectives of Specialty Type, Tourism Type, Consumer Group, Tour Type, and Region. Don’t Settle for Generic Reports – Personalize Your Data with Our Customization Options https://marketdatalibrary.com/free-customization/4263 Based on Specialty Type, the global market is segmented into the following sub-markets with annual revenue ($ mn) for 2021-2031 included in each section.
o Breast Surgery o Face Surgery o Liposuction o Other Cosmetic Surgeries
o Coronary Artery Bypass Surgery (CABG) o Angioplasty o Other Cardiac Surgeries
o Knee Replacement o Hip Replacement o Other Orthopedic Treatments
o Liver Transplant o Kidney Transplant o Bone Marrow Transplant o Other Organ Transplants
Based on Tourism Type, the global market is segmented into the following sub-markets with annual revenue ($ mn) for 2021-2031 included in each section.
By Consumer Group, the global market is segmented into the following sub-markets with annual revenue ($ mn) for 2021-2031 included in each section.
By Tour Type, the global market is segmented into the following sub-markets with annual revenue ($ mn) for 2021-2031 included in each section.
Geographically, the following regions together with the listed national/local markets are fully investigated:
For each aforementioned region and country, detailed analysis and data for annual revenue ($ mn) are available for 2021-2031. The breakdown of all regional markets by country and split of each national market by Specialty Type, Tourism Type and Consumer Group over the forecast years are also included. The report also covers current competitive scenario and the predicted trend; and profiles key vendors including market leaders and important emerging players. Selected Key Players: Aditya Birla Memorial Hospital Anadolu Medical Center Apollo Hospital Enterprise Limited Asian Heart Institute Asklepios Kliniken GmbH and Co. KGaA Bangkok Hospital Medical Center Barbados Fertility Center Bumrungrad International Hospital Clemenceau Medical Center Fortis Healthcare Gleneagles Hospital KPJ Healthcare Berhad Prince Court Medical Center Raffles Medical Group Samitivej Plc Seoul National University Hospital UZ Leuven View Report Scope and Latest Developments in the Market: https://www.marketwatch.com/press-release/medical-tourism-market-projected-to-reach-2551532-million-by-2031-fueled-by-increasing-healthcare-expenses-and-demand-for-advanced-treatments-2023-06-02?mod=search_headline About Market Data Library: Market Data Library is committed to providing clients with high-quality market research that is tailored to their specific needs. The Market Data Library provides corporate intelligence studies that ensure reliable and accurate research data across a diverse range of industries, including Health Care, Chemicals, Packaging, ICT, Automotive, Industrial Automation, Agriculture, and Finance. Our team is comprised of various departments, including sales, operations, finance, research, and analytics, as well as the scientist and data scientist teams. Our business offerings portray the most up-to-date, rational information a company needs to compete effectively. To guarantee that our clients have access to information and insights whenever they need them, we provide 24/7 research support. Contact Us Market Data Library Tel: +1-(718)-312-8686 Email: sales@marketdatalibrary.com Website: marketdatalibrary.com/ Like it? Share it! More by this author
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