Medical Tourism Market, By Treatment Type (Cosmetic Treatment, Dental Treatment, Cardiovascular Treatment, Orthopedics, Bariatric Surgery, Fertility Treatment, Ophthalmic Treatment, Other Treatments), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis and Forecast till 2030

Report Code: PMI380020 | Publish Date: June 2022 | No. of Pages: 168

Global Medical Tourism Market By Overview

Medical tourism is referred to as travelling to another country for medical care. Mostly the medical tourism is referred to the travel of patients from less-developed countries to developed nations in pursuit of the treatment which is not available in their homeland. However, the market is currently experiencing a paradigm shift in patient’s mobility, as many people travel from developed countries to developing countries for cost constraints reasons. Therefore the market for medical tourism is spurring in developing countries. The Global Medical Tourism Market accounted for US$ 110.458 billion in 2020 and is estimated to be US$ 198.855 billion by 2030 and is anticipated to register a CAGR of 6.1%.

Global Medical Tourism Market By Dynamics

                                                       

Availability at low price

The current most trending factor which drives the medical tourism market is the high cost of medical treatment in developed countries and their availability at low price in other countries. As countries in the Asia Pacific, Middle East and Latin America provide a high quality of medical services at a much lower rate compared to developed economies. Further, based on advanced technologies South Korea is recognized to have the best medical facilities for aesthetic procedures.

Increasing and availability of enhanced quality services

Additionally increasing compliance on international quality standards and availability of enhanced quality services is also expected to foster the global medical tourism market. Further, some other factors that drive the global market of medical tourism are the availability of most advanced technology, better-quality care for medically necessary procedures, quicker access for medically necessary procedures, and lower-cost care for discretionary procedures. However, the restraining factors are ethical concerns, epidemic outbreaks, issues with patient follow up which may hamper the growth of the global medical tourism market.

Access Crucial Insights at a Fraction of the Cost | Request Your Discount

Global Medical Tourism Market By Segmentation

                                   

The global medical tourism market is segmented based on treatment type and region.

Global medical tourism is a rapidly developing sector, with rising demand for affordable and specialized treatments. Further, growth in telemedicine services, internet services and advertisements for medical tourism has also greatly supported the global medical tourism market.

The global medical tourism market is further segmented by treatment type, which includes Cosmetic Treatment, Dental Treatment, Cardiovascular Treatment, Orthopedics, Bariatric Surgery, Fertility Treatment, Ophthalmic Treatment, and Other Treatments.

Regional Insights:

                                  

Further, the global medical tourism market is also segmented by region which includes North America, Europe, Asia Pacific, Latin America, Middle East and Africa. Asia Pacific region is considered as a dominating region over the forecast period as, the demand for cosmetic surgery, dental treatment and fertility treatment are particularly growing in India. Further, the cost of living is often affordable, which also supports the growth of the medical tourism market in the Asia Pacific region.

                                     

Reduce costs by up to 30% with a custom report tailored to your specific needs | Request Customized Report

Attribute

Details

Base year for estimation

2020

Forecast period

2020 – 2029

Market representation

Revenue in USD Million & CAGR from 2020 – 2029

Market Segmentation

By Treatment: Cosmetic Treatment, Dental Treatment, Cardiovascular Treatment, Orthopedics, Bariatric Surgery, Fertility Treatment, Ophthalmic Treatment, Other Treatments

Regional scope

North America - U.S., Canada

Europe - UK, Germany, Spain, France, Italy, Russia, Rest of Europe

Asia Pacific - Japan, India, China, South Korea, Australia, Rest of Asia-Pacific

Latin America - Brazil, Mexico, Argentina, Rest of Latin America

Middle East & Africa - South Africa, Saudi Arabia, UAE, Rest of Middle East & Africa

Report coverage

Revenue forecast, company share, competitive landscape, growth factors, and trends

Detailed Segmentation:

Global Medical Tourism Market, By Treatment Type:

  • Cosmetic Treatment
  • Dental Treatment
  • Cardiovascular Treatment
  • Orthopaedics
  • Bariatric Surgery
  • Fertility Treatment
  • Ophthalmic Treatment
  • Other Treatments

Global Medical Tourism Market, By Region:

  • North America 
    • North America Medical Tourism Market, By Treatment Type
    • North America Medical Tourism Market, By Country 
      • The U.S.
      • Canada
  • Europe
    • Europe Medical Tourism Market, By Treatment Type
    • Europe Medical Tourism Market,  By Country
      • Germany
      • UK
      • France
      • Russia
      • Italy
      • Rest of Europe 
  • Asia Pacific 
    • Asia Pacific Medical Tourism Market, By Treatment Type
    • Asia Pacific Medical Tourism Market, By Country
      • China
      • India
      • Japan
      • South Korea
      • Rest of Asia Pacific 
  • Latin America
    • Latin America Medical Tourism Market, By Treatment Type
    • Latin America Medical Tourism Market, By Country 
      • Brazil
      • Mexico
      • Rest of Latin America
  • Middle East & Africa
    • Middle East & Africa Medical Tourism Market, By Treatment Type
    • Middle East & Africa Medical Tourism Market, By Country 
      • GCC
      • Israel
      • South Africa
      • Rest of Middle East & Africa

Global Medical Tourism Market By Key Players

                                                                        

The key players operating the global medical tourism market are Medretreat, Healthbase, Apollo Hospitals, KPJ Healthcare Behard, Klinikum Medical Link, Euromedical Tours, BB Health Solutions, and Cosmetic Travel. The key players are mostly involved in geographical expansion to spur the market. For instance, Mar 2018 Apollo Pharmacy, the nation’s foremost and largest branded pharmacy network opened its 3000th retail unit at Seevaram, Thuraipakkam, and Chennai.

Global Medical Tourism Market By Company Profile

  • Medretreat 
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial performance 
  • Healthbase
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial performance 
  • Apollo Hospitals
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial performance 
  • KPJ Healthcare Behard
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial performance 
  • Klinikum Medical Link
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial performance 
  • Euromedical Tours
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial performance 
  • BB Health Solutions
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial performance 
  • Cosmetic Travel
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial performance 

Global Medical Tourism Market By Table of Contents

  1. esearch Objective and Assumption
    • Preface
    • Research Objectives
    • Study Scope
    • Years considered for the study
    • Assumptions
    • Abbreviations
  2. Research Methodology
    • Research data
    • Primary Data
      • Primary Interviews
      • Primary Breakdown
      • Key data from Primary Sources
      • Key Industry Insights
    • Secondary Data
      • Major Secondary Sources
      • Secondary Sources
    • Market Estimation
    • Top-Down Approach
      • Approach for estimating Market Share by Top-Down Analysis (Supply Side)
    • Bottom-Up Approach
      • Approach for estimating market share by Bottom-up Analysis (Demand Side)
    • Market Breakdown and Data Triangulation
    • Research Assumptions
  3. Market Purview
    • Executive Summary
    • Key Findings—Global Outlook for Medical Tourism Strategies
      • Key Questions this Study will Answer
      • Market Snippet, By Treatment Type
      • Market Snippet, By Region
    • Opportunity Map Analysis
    • Executive Summary—3 Big Predictions
  4. Market Dynamics, Regulations, and Trends Analysis
    • Market Dynamics
      • Drivers
      • Restraints
      • Market Opportunities
      • Market Trends
    • DR Impact Analysis
    • PEST Analysis
    • Porter’s Five Forces Analysis
    • Opportunity Orbit
    • Market Investment Feasibility Index
    • Macroeconomic Factor Analysis
  5. Global Medical Tourism Market, By Treatment Type, 2020 – 2030, (US$ Mn)
    • Overview
      • Market Value and Forecast (US$ Mn), and Share Analysis (%), 2020 – 2030
      • Y-o-Y Growth Analysis (%), 2020 – 2030
      • Segment Trends
    • Cosmetic Treatment
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
    • Dental Treatment
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
    • Cardiovascular Treatment
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
    • Orthopaedics Treatment
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
    • Bariatric Surgery
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
    • Fertility Treatment
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
    • Ophthalmic Treatment
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
    • Other Treatments
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
  6. Global Medical Tourism Market, By Region, 2020 – 2030, (US$ Mn)
    • Overview
      • Market Value and Forecast (US$ Mn), and Share Analysis (%), 2020 – 2030
      • Y-o-Y Growth Analysis (%), 2020 – 2030
      • Regional Trends
    • North America
      • Market Size and Forecast (US$ Mn), By Treatment Type, 2020 – 2030
      • Market Size and Forecast (US$ Mn), By Country, 2020 – 2030
        • U.S.
        • Canada
    • Europe
      • Market Size and Forecast (US$ Mn), By Treatment Type, 2020 – 2030
      • Market Size and Forecast (US$ Mn), By Country, 2020 – 2030
        • Germany
        • UK
        • France
        • Russia
        • Italy
        • Rest of Europe
    • Asia Pacific
      • Market Size and Forecast (US$ Mn), By Treatment Type, 2020 – 2030
      • Market Size and Forecast (US$ Mn), By Country, 2020 – 2030
        • China
        • India
        • Japan
        • South Korea
        • Rest of Asia Pacific
    • Latin America
      • Market Size and Forecast (US$ Mn), By Treatment Type, 2020 – 2030
      • Market Size and Forecast (US$ Mn), By Country, 2020 – 2030
        • Brazil
        • Mexico
        • Rest of Latin America
    • Middle East & Africa
      • Market Size and Forecast (US$ Mn), By Treatment Type, 2020 – 2030
      • Market Size and Forecast (US$ Mn), By Country, 2020 – 2030
        • GCC
        • Israel
        • South Africa
        • Rest of Middle East
  7. Competitive Landscape
    • Heat Map Analysis
    • Market Presence and Specificity Analysis
  8. Company Profiles
      • Medretreat
        • Company Overview
        • Product Portfolio
        • Key Highlights
        • Financial Overview
      • Healthbase
      • Apollo Hospitals
      • KPJ Healthcare Behard
      • Klinikum Medical Link
      • Euromedical Tours
      • BB Health Solutions
      • Cosmetic Travel
  9. The Last Word
    • Future Impact
    • About Us
    • Contact

FAQs

The global medical tourism market is segmented based on treatment type and region

The current most trending factor which drives the medical tourism market is the high cost of medical treatment in developed countries and their availability at low price in other countries.

Asia Pacific region is considered as a dominating region over the forecast period as, the demand for cosmetic surgery, dental treatment and fertility treatment are particularly growing in India.

The key players operating the global medical tourism market are Medretreat, Healthbase, Apollo Hospitals, KPJ Healthcare Behard, Klinikum Medical Link, Euromedical Tours, BB Health Solutions, and Cosmetic Travel.