Medical Tourism Market Growing Demand and Growth Opportunity 2023-2032
QMI has released the latest report on Medical Tourism Market Analysis 2023. A detailed study accumulated to offer the latest insights about acute features of the Medical Tourism Market. The report contains different market predictions related to revenue size, production, CAGR, Consumption, gross margin, price, and other substantial factors. While emphasizing the key driving and restraining forces for this market, the report also offers a complete study of the future trends and developments of the market. It also examines the role of the leading market players involved in the industry including their corporate overview, financial summary and SWOT analysis. The market research study’s goal is to conduct a thorough investigation of the market to learn more about it and its potential for growth. This gives the client a thorough understanding of the industry and business from past, present, and future perspectives, helping them to deploy resources and make sensible financial decisions.
The global medical tourism market size is valued at USD 36.9 Bn in 2019, and is predicted to succeed in USD 190 billion by 2028, registering a 21.9% CAGR during the forecast period.
Medical tourism generates direct exchange income and contributes to the general development of any economy. It also provides employment and business opportunities for residents. Moreover, it aids the expansion of associated businesses like pharmaceuticals, medical devices, and tourism. Government support to take care of the overall reputation and political stability of the host country may be a key factor driving the medical tourism market.
The market research report deals with the in-depth competitive analysis which includes company profiles of the key market players that are operating in the global market. The section also contains information related to new product launches, mergers, acquisitions, collaborations, etc., to give a clear understanding of the competitive landscape prevailing in the global market.
Key players profiled in the report Bumrungrad International Hospital, Samitivej Hospitals, and Bangkok Hospital Group, Apollo Hospitals Enterprise Ltd. and Fortis Hospitals
Some of the leading private hospitals boosting medical tourism are Bumrungrad International Hospital, Samitivej Hospitals, and Bangkok Hospital Group. These hospitals mostly cater to international patients, with around 50.0% of the patients visiting these hospitals are medical tourists. In India, Apollo Hospitals Enterprise Ltd. and Fortis Hospitals are the foremost preferred treatment destinations for various medical procedures. In 2018, Sunway Medical Centre was recognized at the worldwide Health and Travel 2018 APAC Healthcare & Tourism Awards, receiving recognition because the Medical Tourism Hospital of the Year, Oncology Service Provider of the Year, and Neurology Service Provider of the Year in Asia Pacific.
Regional Analysis for Medical Tourism Market:
North America (U.S., Canada, Mexico) Europe (U.K., Italy, Germany, Russia, France, Spain, The Netherlands and Rest of Europe) Asia-Pacific (India, Japan, China, South Korea, Australia, Indonesia Rest of Asia Pacific) South America (Colombia, Brazil, Argentina, Rest of South America) Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)
Segmentation Analysis of the Market:
The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market. The market is segmented By Treatment Type (Dental Treatment, Cosmetic Treatment, Cardiovascular Treatment, Orthopedic Treatment, Neurological Treatment, Cancer Treatment, Fertility Treatment)
Key Developments in Medical Tourism Market:
In January 2018, Dalmia Healthcare, the medical division of ace Industrialist Sanjay Dalmia forayed into Medical Tourism. As a part of this venture, the group is looking forward to encouraging and promoting the use of Ayurveda across the world along with all other streams of medical treatment.
In November 2018, Yebhi cofounder and Paytm’s ex-VP Danish Ahmed started a new venture called Hospals, a medical tourism startup, along with cofounders Obaid and Alok, who were the CEO & COO at Al-Shifa, a medical tourism company. Prior to building Al-Shifa, Obaid was at Apollo Hospitals, while Alok was at Fortis.
Some of the few points that are covered in this report:
Analysis of Market Size (historical and forecast), Total Addressable Market (TAM), Serviceable Available Market (SAM), Serviceable Obtainable Market (SOM), Market Growth, Technological Trends, Market Share, Market Dynamics, Competitive Landscape and Major Players (Innovators, Start-ups, Laggard, and Pioneer)
Development trends, competitive landscape analysis, supply-side analysis, demand-side analysis, year-on-year growth, competitive benchmarking, vendor identification, QMI quadrant, and other significant analysis, as well as development status
Recent market developments and its futuristic growth opportunities
Customized regional/country reports as per request
Some Points from Table of Content:
✐ Market Overview: It contains five chapters, as well as information about the research scope, major manufacturers covered, market segments, Medical Tourism market segments, study objectives, and years considered.
✐ Market Landscape: The competition in the Global Medical Tourism Market is evaluated here in terms of value, turnover, revenues, and market share by the organization, as well as market rate, competitive landscape, and recent developments, transactions, growth, sale, and market shares of top companies.
✐ Companies Profiles: The global Medical Tourism market’s leading players are studied based on sales, main products, gross profit margin, revenue, price, and growth production.
✐ Market Outlook by Region: The report goes through gross margin, sales, income, supply, market share, CAGR, and market size by region in this segment. North America, Europe, Asia Pacific, Middle East & Africa, and South America are among the regions and countries studied in depth in this study.
✐ Market Segments: A deep research study interprets how different end-user/application/type segments contribute to the Medical Tourism Market.
✐ Market Forecast: Production Side: In this part of the report, the authors have focused on production and production value forecast, key producers forecast, and production and production value forecast by type.
✐ Research Findings: This section of the report showcases the findings and analysis of the report.
✐ Conclusion: This portion of the report is the last section of the report where the conclusion of the research study is provided.
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