Medical tourism market has significant potential due to high demand for best class healthcare facilities. Medical tourism can be defined as traveling across international borders with a particular objective of availing some medical treatment. Increment in medical tourism is due to the specialized facilities and treatment which may or may not be available to the traveler’s home country. These facilities may include a wide array of medical services that are provided by the specialized centers.
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According to the Global Healthcare Resource (GHR), globally 72% of the patients travel aboard for Orthopedic/Spine procedures. 70% for Oncology/Cancer treatments, 60% for Cosmetic/ Plastic/ Aesthetic procedures, 54% for Cardiovascular/Cardiology treatments, 52% for Neurology/ Neurosurgery procedures, 40% for Fertility/IVF procedures and others.
Affordability, accessibility along with the cost-effectiveness of good quality health services are the growth boosters for the global medical tourism market. Also, assistance from the tourism department and local government can further support the development of medical tourism. Moreover, the availability of the latest medical technologies along with safety regulations in medical centers across the globe is expected to fuel the development of market growth. The medical tourism industry has a promising future owing to the advancement in the medical tourism market.
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Some of the top key players in the medical tourism industry include Asian Heart Institute (India), Prince Court Medical Centre (Malaysia), Apollo Hospitals (India), Min-Sheng General Hospital (Taiwan), Gleneagles Hospital (Singapore). In addition, Bumrungrad International Hospital (Thailand), Fortis Healthcare Ltd. (India), Samitivej Sukhumvit Hospital (Bangkok), Clemenceau Medical Centre (Lebanon), Raffles Medical Group (Singapore), Bangkok Hospital (Thailand) also provide exceptional service quality for various medical treatments.
Global Medical Tourism Market- Segmentation
By Treatment Type
- Cosmetic Treatment
- Dental Treatment
- Cardiovascular Treatment
- Orthopedics Treatment
- Bariatric Surgery
- Ophthalmic Treatment
- Other Treatment (Fertility Treatment)
- Oral Controlled-Drug Delivery Systems
Global Medical Tourism Market- Regions
North America
- United States
- Canada
Europe
- Germany
- United Kingdom
- France
- Spain
- Italy
- Rest of Europe
Asia-Pacific
- China
- Japan
- India
- Rest of Asia-Pacific
Rest of the World
- Latin America
- Middle East & Africa
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