Medical Tourism Market: Cancer treatment holds a dominant position and would continue to maintain the lead over the forecasted period

According to the report, the global Medical Tourism market is expected to grow from $120 Billion in 2022, which is expected to reach $400 Billion by 2033, growing at the CAGR of 14.2% from 2023 to 2033. Medical tourism refers to the practice of traveling to another country to receive medical treatment or procedures. Medical treatments and procedures are often much less expensive in other countries, particularly in developing countries where labor costs and overhead expenses are lower. Many countries with well-established medical tourism industries offer top-quality medical care and state-of-the-art facilities.

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Key Highlights:

• The global Medical Tourism Market size was valued at USD 120 billion in 2022 growing at a CAGR of 14.2% from 2023 to 2033.
• Asia Pacific dominated the market in 2022
• North America is expected to fastest-growing at the highest CAGR from 2023 to 2033

Evolve Business Intelligence has published a new market research report on Global Medical Tourism Market focusing in various aspects including market size and forecast, market dynamics, competitors market share analysis, market size in terms of value and volume, SWOT analysis, product benchmarking, key players recent developments, and opportunities, among others. The market has also been analyzed based on 4 indicators in the market dynamic chapter which includes Drivers, Restraints, Key Trends, and Challenges. The overall sum of these sections will help to understand the best strategies to be adopted in order to prosper through this industry over short and long terms. The quantitative analysis includes our authentic findings out of this research study where we provided additional insight into what our readers can do to embrace new opportunities or plan against threats that might hinder the market.

The New Normal

As businesses recover from the COVID-19 pandemic, they have a new set of priorities to cope with. Throughout this crisis, they were forced to deal with shifting situations and often fell short of their ultimate goals. Now that a cure has been found and the pandemic is dying down, they will need to recuperate from this epidemic by setting forth new objectives to succeed in the future.

In terms of COVID 19 impact, the Medical Tourism market report also includes the following data points:

• COVID19 Impact on Medical Tourism market size
• End-User/Industry/Application Trend, and Preferences
• Government Policies/Regulatory Framework
• Key Players Strategy to Tackle Negative Impact/Post-COVID Strategies
• Opportunity in Medical Tourism market

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Key Players

Some of the major Medical Tourism players holding high market share include Aditya Birla Memorial Hospital, Apollo Hospitals Enterprise Limited, Asian Heart Institute, Barbados Fertility Center. These players use new product development/acquisition/partnership and collaboration/expansion as a key strategy to gain significant market share to compete with market leaders.

The key players profiled in the report are:

• Aditya Birla Memorial Hospital
• Apollo Hospitals Enterprise Limited
• Asian Heart Institute
• Barbados Fertility Center
• Fortis Healthcare Limited
• KPJ Healthcare Berhad
• NTT Medical Center Tokyo
• Prince Court Medical Centre
• Samitivej PCL
• Seoul National University Hospital
• Wooridul Spine Hospital

Segmental Analysis

Market Segment By treatment type with a focus on market share, consumption trend, and growth rate of Medical Tourism Market:

• Dental Treatment
• Cosmetic Treatment
• Cardiovascular Treatment
• Orthopedic Treatment
• Neurological Treatment
• Cancer Treatment
• Fertility Treatment
• Other Treatments

Market Segment By Services with focus on market share, consumption trend, and growth rate of Medical Tourism Market:

• Medical Treatment
  • Cardiac Procedures
  • Oncology Procedures
  • Orthopedic & Spine Procedures
  • Dental Procedures
  • Others
• Wellness Treatment
  • Cosmetic Procedures
  • Rejuvenation Procedures
  • Others
• Alternative Treatment

Market Segment By Service Provider with focus on market share, consumption trend, and growth rate of Medical Tourism Market:

• Public
• Private

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Global Medical Tourism Geographic Coverage:

• North America
  • US
  • Canada
  • Mexico

• Europe
  • UK
  • Germany
  • France
  • Italy
  • Spain
  • Nordic Countries
  • Benelux
  • Rest of Europe

• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Indonesia
  • Malaysia
  • Australia
  • Rest of Asia Pacific

• Middle East and Africa
  • Saudi Arabia
  • UAE
  • Egypt
  • South Africa
  • Rest of MEA

• Latin America
  • Mexico
  • Brazil
  • Argentina
  • Rest of Latin America

Reasons to Buy this Report:

• Detail analysis of the impact of market drivers, restraints, and opportunities
• Competitive Intelligence provides an understanding of the ecosystem
• Details analysis of the Total Addressable Market (TAM) of your products
• Investment Pockets and New Business Opportunities
• Demand-supply gap analysis
• Strategy Planning

About EvolveBI
Evolve Business Intelligence is a market research, business intelligence, and advisory firm providing innovative solutions to challenging pain points of a business. Our market research reports include data useful to micro, small, medium, and large-scale enterprises. We provide solutions ranging from mere data collection to business advisory.

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