IMARC Group’s latest research report, titled “Medical Tourism Market: Global Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2023-2028,” offers a comprehensive analysis of the industry, which comprises insights on the market. The medical tourism market research report also includes competitor and regional analysis, and contemporary advancements in the market. The global medical tourism market size reached US$ 97.3 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 337.0 Billion by 2028, exhibiting a growth rate (CAGR) of 23.6% during 2023-2028.

Medical Tourism Market Overview:

Medical tourism is an industry that involves traveling across the globe for medical care and treatments. This includes patients from one country to the other in pursuit of the treatments not available in their homeland. It provides enhancement, maintenance and restoration of health through advanced treatment methods and healthcare facilities. It is gaining widespread prominence among the masses as it also enables patients to seek advanced medical procedures that are easily available in other countries without the inconvenience and the delay of being placed on a waiting list at a relatively low cost. Some of the commonly offered treatments in medical tourism include cancer, cosmetic surgeries, and cardiovascular, orthopedic, and neurological diseases.

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Global Medical Tourism Market Trends:

The global market is primarily driven by significant growth in the healthcare industry. Along with this, the escalating investments by private and public agencies to upgrade the overall tourism sector are providing a boost to the market. Moreover, continual technological advancements and the widespread deployment of artificial intelligence (AI), machine learning (ML) and cloud computing in the manufacturing of advanced medical devices are creating a positive market outlook. Apart from this, the growing awareness due to the penetration of high-speed internet connectivity and smartphones is significantly supporting the overall medical tourism market across the globe.

Furthermore, numerous leading players are offering comprehensive medical tourism packages in an attempt to strengthen their market position and build loyal consumer bases, which is gaining widespread prominence among individuals. Other factors, including the increasing prevalence of chronic illnesses, inflating disposable income levels of the masses and extensive research and development (R&D) activities, are projected to drive the market further.

Top Medical Tourism Companies Worldwide:

  • Aditya Birla Memorial Hospital
  • Apollo Hospitals Enterprise Limited
  • Asian Heart Institute
  • Barbados Fertility Center
  • BB Health Solutions.
  • Fortis Healthcare
  • Healthbase
  • KPJ Healthcare Berhad
  • Prince Court Medical Centre
  • Samitivej
  • Seoul National University Hospital
  • UZ Leuven

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Key Market Segmentation:

Breakup by Treatment Type:

  • Cosmetic Treatment
  • Dental Treatment
  • Cardiovascular Treatment
  • Orthopaedic Treatment
  • Bariatric Surgery
  • Fertility Treatment
  • Ophthalmic Treatment
  • Others

Breakup by Region:

  • North America (United States, Canada)
  • Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
  • Europe (Germany, France, United Kingdom, Italy, Spain, Others)
  • Latin America (Brazil, Mexico, Others)
  • Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)

 TOC for the Medical Tourism Market Research Report:

  • Preface
  • Scope and Methodology
  • Executive Summary
  • Introduction
  • Global Medical Tourism Market
  • SWOT Analysis
  • Value Chain Analysis
  • Price Analysis
  • Competitive Landscape

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