Medical Tourism Market Research Report- Global forecast till 2023
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1 Report Information More information from: Medical Tourism Market Research Report- Global forecast till 2023 Report / Search Code: MRFR/HC/1443-CRR Publish Date: August, 2017 Request Sample Price 1-user PDF : $ Enterprise PDF : $ Description: Medical Tourism Market information: by Treatment Types (orthopedic/spine treatments, oncology/cancer treatments, cosmetic treatments, cardiovascular/cardiology treatments, dental treatments, neurology/neurosurgery treatments, fertility/ivf treatments, others) - Forecast till 2023 Figure: Global medical tourism market by treatment types, 2016 (%) Source: World Health Organization, The Organization for Economic Co-operation and Development (OECD), Centers for Disease Control and Prevention, Visa, Government Reports, Industry Expert, Secondary Research, and MRFR Analysis Intended Audience Multinational Companies Contract Research Organizations (CROs) Research and Development (R&D) Companies Government Research Laboratories Independent Research Laboratories Government and Independent Regulatory Authorities
2 Market Research and Consulting Service Providers Research Methodology Source: World Health Organization, The Organization for Economic Co-operation and Development (OECD), Centers for Disease Control and Prevention, Visa, Government Reports, Industry Expert, Secondary Research, and MRFR Analysis Market Synopsis of the Global Medical Tourism Market Market Scenario Travelling abroad for medical treatment is not a recent trend, it has been gaining more momentum and media interest in the last decades. According to a report by Oxford Economics and Visa, around million people travel abroad for healthcare services. The global medical tourism market is growing at a steady pace and it is expected to grow at a CAGR of 21.4% during the forecasted period Availability of cost-effective treatments, quality service & less waiting period, and rising geriatric & middle class population drives the growth of the market. However, communication barriers and need for travelling may hamper the market growth. Segments Medical tourism market has been segmented on the basis of treatment types, which comprises of orthopedic/spine treatments, oncology/cancer treatments, cosmetic treatments, cardiovascular/cardiology treatments, dental treatments, neurology/neurosurgery treatments, fertility/ivf treatments, and others. Regional Analysis of Global Medical Tourism Market The Asia Pacific region accounted for the largest share of the global medical tourism market, which had a lion share of 43.7% in This growth was attributed to heavy investment in infrastructure development, rising economy, technology up gradation, low cost and quality medical services, and government initiative to promote medical tourism in this region. America holds the second position in the medical tourism, which is followed by Europe. Central and South American countries such as Mexico, Costa Rica, and Brazil are some of the most popular destinations for Americans and Canadians. The American medical tourism market is expected to grow till USD 102,496.8 million at a CAGR of 22% by end of the 2023.
3 Europe is the growing market for the medical tourism. Since people from Western Europe are traveling to America to seek cost-effective treatments, which has relaxed the growth of the market. Key Findings The global medical tourism market is expected to reach USD 226,762.7 million by Asia Pacific holds the largest share of 43.7% of the global market. Orthopedic/spine by type holds the largest market share of 14.9% of the global medical tourism market and is expected to reach USD 27,902.8 million by the end of the forecast period. Globally, Oncology/Cancer is the fastest growing segment and expected to grow at a rate of CAGR 21.9% during the forecast period owing to continuously increasing prevalence of different types of cancers. Key Players in the Global Medical Tourism Market Some of the key players in this market are Asklepios Kliniken Verwaltungsgesellschaft mbh (Germany), Fortis Healthcare (India), Gleneagles Global Hospitals Group. (India), Prince Court Medical Centre (Malaysia), Samitivej PCL (Thailand), CHRISTUS MUGUERZA (Mexico), Anadolu Medical Center (Turkey), and others. The report on the global medical tourism market of Market Research Future comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain deeper insight to the market and industry performance. The report gives a clear picture of the current market scenario which includes historical and projected market size in terms of value and volume, technological advancement, macro economical and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different market segments and regions Contents: Contents 1 REPORT PROLOGUE 8 2 INTRODUCTION SCOPE OF STUDY RESEARCH OBJECTIVE ASSUMPTIONS & LIMITATIONS ASSUMPTIONS LIMITATIONS 12 3 RESEARCH METHODOLOGY RESEARCH PROCESS PRIMARY RESEARCH SECONDARY RESEARCH 14
4 4 MARKET DYNAMICS INTRODUCTION DRIVERS COST EFFECTIVE TREATMENTS QUALITY SERVICE AND LESS WAITING PERIOD AGEING POPULATION AND RISING MIDDLE CLASS RESTRAINTS COMMUNICATION BARRIERS TRAVELLING BEFORE AND AFTER SURGERY OPPORTUNITIES INCREASING NUMBER OF MEDICAL TOURISTS CHALLENGES SECURITY OF PATIENT INFORMATION AND OTHER ILLEGAL PRACTICES 18 5 MARKET FACTOR ANALYSIS PORTERS FIVE FORCES ANALYSIS BARGAINING POWER OF SUPPLIERS BARGAINING POWER OF BUYERS THREAT OF NEW ENTRANTS THREAT OF SUBSTITUTES INTENSITY OF RIVALRY VALUE CHAIN ANALYSIS HEALTHCARE SERVICES PROVIDERS/HOSPITALS FACILITATORS PATIENTS AIRLINES HOTELS INSURANCE PROVIDERS 23 6 GLOBAL MEDICAL TOURISM MARKET, BY TREATMENT TYPE INTRODUCTION ORTHOPEDIC/SPINE TREATMENTS ONCOLOGY/CANCER TREATMENTS COSMETIC TREATMENTS CARDIOVASCULAR/CARDIOLOGY TREATMENTS DENTISTRY TREATMENTS NEUROLOGY/NEUROSURGERY TREATMENT FERTILITY/IVF TREATMENTS 32 7 GLOBAL MEDICAL TOURISM MARKET, BY REGION INTRODUCTION AMERICAS 35
5 7.2.1 CENTRAL AMERICA NORTH AMERICA SOUTH AMERICA EUROPE CENTRAL & EASTERN EUROPE WESTERN EUROPE REST OF EUROPE ASIA PACIFIC MIDDLE EAST & AFRICA 60 8 COMPETITIVE LANDSCAPE INTRODUCTION ANADOLU MEDICAL CENTER ASKLEPIOS KLINIKEN VERWALTUNGSGESELLSCHAFT MBH BANGKOK HOSPITAL BUMRUNGRAD INTERNATIONAL HOSPITAL CHRISTUS MUGUERZA CLEMENCEAU FORTIS HEALTHCARE GLENEAGLES GLOBAL HOSPITALS GROUP PRINCE COURT MEDICAL CENTRE SAMITIVEJ PCL SCHOEN-KLINIKEN SHOULDICE HOSPITAL 70 List of Tables TABLE 1 GLOBAL MEDICAL TOURISM MARKET SHARE BY TREATMENT TYPE, (USD MILLION) 26 TABLE 2 GLOBAL MEDICAL TOURISM MARKET SHARE FOR ORTHOPEDIC/SPINE TREATMENTS, (USD MILLION) 27 TABLE 3 GLOBAL MEDICAL TOURISM MARKET SHARE FOR ONCOLOGY/CANCER TREATMENTS, (USD MILLION) 28 TABLE 4 GLOBAL MEDICAL TOURISM MARKET SHARE FOR COSMETIC TREATMENTS, (USD MILLION) 29 TABLE 5 GLOBAL MEDICAL TOURISM MARKET SHARE FOR CARDIOVASCULAR/CARDIOLOGY TREATMENTS, (USD MILLION) 30 TABLE 6 GLOBAL MEDICAL TOURISM MARKET SHARE FOR DENTISTRY TREATMENTS, (USD MILLION) 30 TABLE 7 GLOBAL MEDICAL TOURISM MARKET SHARE FOR NEUROLOGY/NEUROSURGERY TREATMENT, (USD MILLION) 31 TABLE 8 GLOBAL MEDICAL TOURISM MARKET SHARE FOR FERTILITY/IVF TREATMENTS, (USD MILLION) 32 TABLE 9 35 TABLE GLOBAL MEDICAL TOURISM MARKET SHARE BY REGION, (USD MILLION) AMERICAS MEDICAL TOURISM MARKET SHARE BY REGION, (USD MILLION) TABLE 11 AMERICAS MEDICAL TOURISM MARKET SHARE BY TREATMENT TYPE, (USD MILLION) 36
6 TABLE 12 CENTRAL AMERICA MEDICAL TOURISM MARKET SHARE BY COUNTRY, (USD MILLION) 37 TABLE 13 CENTRAL AMERICA MEDICAL TOURISM MARKET SHARE BY TREATMENT TYPE, (USD MILLION) 38 TABLE 14 MEXICO MEDICAL TOURISM MARKET SHARE BY TREATMENT TYPE, (USD MILLION) 39 TABLE 15 COSTA RICA MEDICAL TOURISM MARKET SHARE BY TREATMENT TYPE, (USD MILLION) 40 TABLE 16 NORTH AMERICA MEDICAL TOURISM MARKET SHARE BY COUNTRY, (USD MILLION) 41 TABLE 17 NORTH AMERICA MEDICAL TOURISM MARKET SHARE BY TREATMENT TYPE, (USD MILLION) 41 TABLE US MEDICAL TOURISM MARKET SHARE BY TREATMENT TYPE, (USD MILLION) TABLE 19 CANADA MEDICAL TOURISM MARKET SHARE BY TREATMENT TYPE, (USD MILLION) 42 TABLE 20 SOUTH AMERICA MEDICAL TOURISM MARKET SHARE BY TREATMENT TYPE, (USD MILLION) 43 TABLE EUROPE MEDICAL TOURISM MARKET SHARE BY REGION, (USD MILLION) TABLE 22 EUROPE MEDICAL TOURISM MARKET SHARE BY TREATMENT TYPE, (USD MILLION) 45 TABLE 23 CENTRAL & EASTERN EUROPE MEDICAL TOURISM MARKET SHARE BY COUNTRY, (USD MILLION) 45 TABLE 24 CENTRAL & EASTERN EUROPE MEDICAL TOURISM MARKET SHARE BY TREATMENT TYPE, (USD MILLION) 46 TABLE 25 HUNGARY MEDICAL TOURISM MARKET SHARE BY TREATMENT TYPE, (USD MILLION) 46 TABLE 26 POLAND MEDICAL TOURISM MARKET SHARE BY TREATMENT TYPE, (USD MILLION) 47 TABLE 27 CZECH REPUBLIC MEDICAL TOURISM MARKET SHARE BY TRETMENT TYPE, (USD MILLION) 47 TABLE 28 WESTERN EUROPE MEDICAL TOURISM MARKET SHARE BY COUNTRY, (USD MILLION) 49 TABLE 29 WESTERN EUROPE MEDICAL TOURISM MARKET SHARE BY TREATMENT TYPE, (USD MILLION) 49 TABLE 30 BELGIUM MEDICAL TOURISM MARKET SHARE BY TREATMENT TYPE, (USD MILLION) 50 TABLE 31 SPAIN MEDICAL TOURISM MARKET SHARE BY TREATMENT TYPE, (USD MILLION) 51 TABLE 32 GERMANY MEDICAL TOURISM MARKET SHARE BY TREATMENT TYPE, (USD MILLION) 51 TABLE UK MEDICAL TOURISM MARKET SHARE BY TREATMENT TYPE, (USD MILLION) TABLE 34 REST OF EUROPE MEDICAL TOURISM MARKET SHARE BY TREATMENT TYPE, (USD MILLION) 53 TABLE ASIA PACIFIC MEDICAL TOURISM MARKET SHARE BY COUNTRY, (USD MILLION) TABLE 36 ASIA PACIFIC MEDICAL TOURISM MARKET SHARE BY TREATMENT TYPE, (USD MILLION) 55 TABLE 37 THAILAND MEDICAL TOURISM MARKET SHARE BY TREATMENT TYPE, (USD MILLION) 56 TABLE 38 INDIA MEDICAL TOURISM MARKET SHARE BY TREATMENT TYPE, (USD
7 MILLION) 57 TABLE 39 SINGAPORE MEDICAL TOURISM MARKET SHARE BY TREATMENT TYPE, (USD MILLION) 57 TABLE 40 MALAYSIA MEDICAL TOURISM MARKET SHARE BY TREATMENT TYPE, (USD MILLION) 58 TABLE 41 REPUBLIC OF KOREA MEDICAL TOURISM MARKET SHARE BY TREATMENT TYPE, (USD MILLION) 59 TABLE 42 REST OF ASIA PACIFIC MEDICAL TOURISM MARKET SHARE BY TREATMENT TYPE, (USD MILLION) 60 TABLE 43 MIDDLE EAST & AFRICA MEDICAL TOURISM MARKET SHARE BY COUNTRY, (USD MILLION) 61 TABLE 44 MIDDLE EAST & AFRICA MEDICAL TOURISM MARKET SHARE BY TREATMENT TYPE, (USD MILLION) 62 TABLE UAE MEDICAL TOURISM MARKET SHARE BY TREATMENT TYPE, (USD MILLION) TABLE 46 SAUDI ARABIA MEDICAL TOURISM MARKET SHARE BY TREATMENT TYPE, (USD MILLION) 63 TABLE 47 TURKEY MEDICAL TOURISM MARKET SHARE BY TREATMENT TYPE, (USD MILLION) 64 TABLE 48 REST OF MIDDLE EAST & AFRICA MEDICAL TOURISM MARKET SHARES BY TREATMENT TYPE, (USD MILLION) 65 TABLE 49 AVERAGE COST OF TREATMENT IN HOSPITALS OF SELECTED COUNTRIES, 2016 (USD) 67 List of Figures FIGURE 1 GLOBAL MEDICAL TOURISM MARKET SHARE BY TREATMENT TYPE, 2016 (%) 9 FIGURE 2 GLOBAL MEDICAL TOURISM MARKET SHARE BY REGION, 2016 (%) 10 FIGURE 3 RESEARCH PROCESS 13 FIGURE 4 MARKET DYNAMICS 15 FIGURE 5 VALUE CHAIN OF MEDICAL TOURISM MARKET 22 FIGURE 6 GLOBAL MEDICAL TOURISM MARKET SHARE BY TREATMENT TYPE, 2016 (%) 25 FIGURE 7 GLOBAL MEDICAL TOURISM MARKET SHARE BY TREATMENT TYPE, 2016 & 2023 (USD MILLION) 25 FIGURE 8 GLOBAL MEDICAL TOURISM MARKET SHARE BY REGION, 2016 (%) 34 FIGURE 9 34 GLOBAL MEDICAL TOURISM MARKET SHARE BY REGION, 2016 & 2023 (USD MILLION) FIGURE 10 AMERICAS MEDICAL TOURISM MARKET SHARE BY REGION, 2016 (%) 35 FIGURE 11 CENTRAL AMERICA MEDICAL TOURISM MARKET SHARE BY COUNTRY, 2016 (%) 37 FIGURE 12 NORTH AMERICA MEDICAL TOURISM MARKET SHARE BY COUNTRY, 2016 (%) 40 FIGURE 13 EUROPE MEDICAL TOURISM MARKET SHARE BY REGION, 2016 (%) 44 FIGURE EUROPE MEDICAL TOURISM MARKET SHARE BY REGION, 2016 & 2023 (USD MILLION) FIGURE 15 ASIA PACIFIC MEDICAL TOURISM MARKET SHARE BY COUNTRY, 2016 (%) 54 FIGURE 16 ASIA PACIFIC MEDICAL TOURISM MARKET SHARE BY COUNTRY, 2016 & 2023 (USD MILLION) 54 FIGURE 17 MIDDLE EAST & AFRICA MEDICAL TOURISM MARKET SHARE BY COUNTRY, 2016 (%) 60 FIGURE 18 MIDDLE EAST & AFRICA MEDICAL TOURISM MARKET SHARE BY COUNTRY, 2016 & 2023 (USD MILLION) 61
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