Global Medical Tourism Market Report 2023: Sector is Expected to Reach $337 Billion by 2028 at a CAGR of 23% - ResearchAndMarkets.com

DUBLIN--(BUSINESS WIRE)--The "Medical Tourism Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028" report has been added to ResearchAndMarkets.com's offering.

The global medical tourism market size reached US$ 97.3 Billion in 2022. Looking forward, the analyst expects the market to reach US$ 337.0 Billion by 2028, exhibiting a CAGR of 23% during 2022-2028.

Companies Mentioned

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

The rising number of insurance providers giving extensive insurance coverage, increasing prevalence of chronic and life-threatening diseases, and the growing geriatric population represent some of the key factors driving the market.

Medical tourism refers to the traveling of people out of the country to obtain medical care. It allows individuals dealing with various critical conditions to seek treatments that may be unavailable or not legally available in their home countries. It provides access to affordable diagnostic testing and medications and helps patients avoid paying expensive medical bills.

It often assists in availing cosmetic surgeries and beauty treatments at lower prices from experienced surgeons. It also aids in receiving dental care services from dentists who are educated and trained according to international standards.

Medical tourism is used for effective treatments of various forms of cancer, such as breast, prostate, blood, brain, kidney, lung, cervical, colorectal, ovarian, and thyroid.

It is also employed for receiving medical assistance in surgeries that require organ transplantations and other complicated surgeries. Furthermore, as it offers top-quality medical assistance from expert surgeons, the demand for medical tourism is increasing around the world.

At present, the rising demand for medical tourism to consult efficient and experienced surgeons and healthcare providers represents one of the primary factors influencing the market positively. Besides this, there is an increase in the occurrence of various chronic and life-threatening diseases, such as thyroiditis, diabetes, arthritis, obesity, and cardiovascular complications, due to the adoption of unhealthy lifestyle habits.

This, along with the growing geriatric population across the globe, is offering a favorable market outlook. In addition, the increasing consumption of alcohol and smoking habits among the masses to cope with stress and anxiety is propelling the growth of the market.

Apart from this, the rising prevalence of cancer on account of the consumption of unhealthy diets and tobacco and increased pollution levels is contributing to the growth of the market. Additionally, there is an increase in the construction of hospitals, nursing homes, and clinics to provide effective healthcare facilities to patients worldwide.

This, coupled with the rising adoption of advanced surgical treatment methods to improve diagnosis and medical procedures, is supporting the market growth. Moreover, the increasing number of insurance providers giving extensive insurance coverage on medical tourism is strengthening the market growth.

Key Questions Answered in This Report

1. What was the size of the global medical tourism market in 2022?

2. What is the expected growth rate of the global medical tourism market during 2023-2028?

3. What are the key factors driving the global medical tourism market?

4. What has been the impact of COVID-19 on the global medical tourism market?

5. What is the breakup of the global medical tourism market based on the treatment type?

6. What are the key regions in the global medical tourism market?

7. Who are the key players/companies in the global medical tourism market?

Key Topics Covered:

1 Preface

2 Scope and Methodology

3 Executive Summary

4 Introduction

4.1 Overview

4.2 Key Industry Trends

5 Global Medical Tourism Market

5.1 Market Overview

5.2 Market Performance

5.3 Impact of COVID-19

5.4 Market Forecast

6 Market Breakup by Treatment Type

6.1 Cosmetic Treatment

6.1.1 Market Trends

6.1.2 Market Forecast

6.2 Dental Treatment

6.2.1 Market Trends

6.2.2 Market Forecast

6.3 Cardiovascular Treatment

6.3.1 Market Trends

6.3.2 Market Forecast

6.4 Orthopaedic Treatment

6.4.1 Market Trends

6.4.2 Market Forecast

6.5 Bariatric Surgery

6.5.1 Market Trends

6.5.2 Market Forecast

6.6 Fertility Treatment

6.6.1 Market Trends

6.6.2 Market Forecast

6.7 Ophthalmic Treatment

6.7.1 Market Trends

6.7.2 Market Forecast

6.8 Others

6.8.1 Market Trends

6.8.2 Market Forecast

7 Market Breakup by Region

8 SWOT Analysis

9 Value Chain Analysis

10 Porters Five Forces Analysis

11 Competitive Landscape

11.1 Market Structure

11.2 Key Players

11.3 Profiles of Key Players

For more information about this report visit https://www.researchandmarkets.com/r/n0usp0

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