Medical Tourism Market by Service type (Fertility Treatment, Cancer Treatment, Neurological Treatment, Orthopedic Treatment, Cardiovascular Treatment, Cosmetic Treatment, Dental Treatment and Others), Regional Outlook (North America, Europe, Asia-Pacific, LAMEA), Global Opportunity Analysis and Industry Forecast, 2019–2026
- RES4072037
- 140 Pages
- April 2020
- Healthcare
Market Definition:
Medical tourism means when a person travels to another country for medical purposes. This is usually done by the patient or the person when the treatment is too expensive in their home country or due to the absence of advanced equipment and medication. The patient usually travels to the other nation to get themselves treated from the concerned disease.
Market Drivers:
Many countries across the globe can see the financial benefits from the emerging market and hence efforts are being made to offer premium medical services at a substandard price, as these prices are directly related to their economic growth. The appearance of various hospitals and treatments at a reasonable cost in developing nations have contributed largely to attract patients. The other main factor that motivates the patient to travel are the immediate availability of the medical facilities and skilled doctors and physicians for the treatment. These factors are expected to boost the medical tourism market.
Market Restraints:
Patients who have their insurance policies face a lot of issues with regards to their reimbursement as many insurance companies don’t pay the cover to the patient’s insurance for going abroad & receiving the treatment. In addition to the insurance cover, patients also face language barrier, visa approval issues and documentation problems. Such factors are expected to greatly impact the medical tourism market.
Medical Tourism Market by Service type
Depending on the service type the market is further segmented into Fertility Treatment, Cancer Treatment, Neurological Treatment, Orthopedic Treatment, Cardiovascular Treatment, Cosmetic Treatment, Dental Treatment. Cosmetic segment is projected to raise at a CAGR of 11.9% by generating a revenue of $31,063.9 million by 2026. Cancer treatment is expected to have the highest growth rate in the forecast period. The medical tourism market share for cancer treatment is predicted to grow at a CAGR of 14.2% by generating a revenue of $7,616.6 million by 2026. Dental treatment is predicted to rise at a CAGR of 12.5% and is expected to reach $17,742.3 million till 2026.
Medical Tourism Market by Region
Depending on the region, the market is segmented into North America, Asia-Pacific, Europe and LAMEA. Asia-Pacific has the highest growth rate. Asia-Pacific region is forecast to rise with CAGR of 12.2% by generating a revenue of $54,452.9 million by 2026. LAMEA region is predicted to grow with a CAGR of 11.7% and is expected to reach $ 19,921.2 million by 2026.
Key participants in Medical Tourism Market
The major key companies in the market are Prince Court Medical Centre, Aditya Birla Memorial hospital, KPJ Healthcare Berhad, UZ Leuven, Apollo Hospitals, Fortis Healthcare, NTT Medical Centre, Asklepios Kliniken GmbH, Bumrungrad International Hospital, KPJ Healthcare Berhad and Asian Heart Institute among others
1.1. Desk Research
1.2. Real time insights and validation
1.3. Forecast model
1.4. Assumptions and forecast parameters
1.4.1. Assumptions
1.4.2. Forecast parameters
1.5. Data sources
1.5.1. Primary
1.5.2. Secondary
2. Executive Summary
2.1. 360° summary
2.2. Service type trends
3. Market Overview
3.1. Market segmentation & definitions
3.2. Key takeaways
3.2.1. Top investment pockets
3.2.2. Top winning strategies
3.3. Porter’s five forces analysis
3.3.1. Bargaining power of consumers
3.3.2. Bargaining power of suppliers
3.3.3. Threat of new entrants
3.3.4. Threat of substitutes
3.3.5. Competitive rivalry in the market
3.4. Market dynamics
3.4.1. Drivers
3.4.2. Restraints
3.4.3. Opportunities
3.5. Technology landscape
3.6. Regulatory landscape
3.7. Patent landscape
3.8. Strategic overview
4. Mineral Wool Market, by Service Type
4.1. Fertility Treatment
4.1.1. Market size and forecast, by region, 2017-2028
4.1.2. Comparative market share analysis, 2018 & 2028
4.2. Cancer Treatment
4.2.1. Market size and forecast, by region, 2017-2028
4.2.2. Comparative market share analysis, 2018 & 2028
4.3. Neurological Treatment
4.3.1. Market size and forecast, by region, 2017-2028
4.3.2. Comparative market share analysis, 2018 & 2028
4.4. Orthopedic Treatment
4.4.1. Market size and forecast, by region, 2017-2028
4.4.2. Comparative market share analysis, 2018 & 2028
4.5. Cardiovascular Treatment
4.5.1. Market size and forecast, by region, 2017-2028
4.5.2. Comparative market share analysis, 2018 & 2028
4.6. Cosmetic Treatment
4.6.1. Market size and forecast, by region, 2017-2028
4.6.2. Comparative market share analysis, 2018 & 2028
4.7. Dental Treatment
4.7.1. Market size and forecast, by region, 2017-2028
4.7.2. Comparative market share analysis, 2018 & 2028
4.8. Others
4.8.1. Market size and forecast, by region, 2017-2028
4.8.2. Comparative market share analysis, 2018 & 2028
5. Mineral Wool Market, by Region
5.1. North Region
5.1.1. Market size and forecast, by service type, 2017-2028
5.1.2. Market size and forecast, by country, 2017-2028
5.1.3. Comparative market share analysis, 2018 & 2028
5.1.4. U.S
5.1.4.1. Market size and forecast, by service type, 2017-2028
5.1.4.2. Comparative market share analysis, 2018 & 2028
5.1.5. Canada
5.1.5.1. Market size and forecast, by service type, 2017-2028
5.1.5.2. Comparative market share analysis, 2018 & 2028
5.2. Europe
5.2.1. Market size and forecast, by service type, 2017-2028
5.2.2. Market size and forecast, by country, 2017-2028
5.2.3. Comparative market share analysis, 2018 & 2028
5.2.4. Germany
5.2.4.1. Market size and forecast, by service type, 2017-2028
5.2.4.2. Comparative market share analysis, 2018 & 2028
5.2.5. France
5.2.5.1. Market size and forecast, by service type, 2017-2028
5.2.5.2. Comparative market share analysis, 2018 & 2028
5.2.6. Rest of Europe
5.2.6.1. Market size and forecast, by service type, 2017-2028
5.2.6.2. Comparative market share analysis, 2018 & 2028
5.3. Asia-Pacific
5.3.1. Market size and forecast, by service type, 2017-2028
5.3.2. Market size and forecast, by country, 2017-2028
5.3.3. Comparative market share analysis, 2018 & 2028
5.3.4. China
5.3.4.1. Market size and forecast, by service type, 2017-2028
5.3.4.2. Comparative market share analysis, 2018 & 2028
5.3.5. India
5.3.5.1. Market size and forecast, by service type, 2017-2028
5.3.5.2. Comparative market share analysis, 2018 & 2028
5.3.6. Japan
5.3.6.1. Market size and forecast, by service type, 2017-2028
5.3.6.2. Comparative market share analysis, 2018 & 2028
5.3.7. South Korea
5.3.7.1. Market size and forecast, by service type, 2017-2028
5.3.7.2. Comparative market share analysis, 2018 & 2028
5.3.8. Australia
5.3.8.1. Market size and forecast, by service type, 2017-2028
5.3.8.2. Comparative market share analysis, 2018 & 2028
5.3.9. Rest of Asia-Pacific
5.3.9.1. Market size and forecast, by service type, 2017-2028
5.3.9.2. Comparative market share analysis, 2018 & 2028
5.4. LAMEA
5.4.1. Market size and forecast, by service type, 2017-2028
5.4.2. Market size and forecast, by country, 2017-2028
5.4.3. Comparative market share analysis, 2018 & 2028
5.4.4. Middle west
5.4.4.1. Market size and forecast, by service type, 2017-2028
5.4.4.2. Comparative market share analysis, 2018 & 2028
5.4.5. Africa
5.4.5.1. Market size and forecast, by service type, 2017-2028
5.4.5.2. Comparative market share analysis, 2018 & 2028
6. Company Profiles
6.1. Bumrungrad International Hospital
6.1.1. Business overview
6.1.2. Financial performance
6.1.3. Product portfolio
6.1.4. Recent strategic moves & developments
6.1.5. SWOT analysis
6.2. Fortis Healthcare
6.2.1. Business overview
6.2.2. Financial performance
6.2.3. Product portfolio
6.2.4. Recent strategic moves & developments
6.2.5. SWOT analysis
6.3. Apollo Hospitals Enterprise Ltd
6.3.1. Business overview
6.3.2. Financial performance
6.3.3. Product portfolio
6.3.4. Recent strategic moves & developments
6.3.5. SWOT analysis
6.4. KPJ Healthcare Berhad
6.4.1. Business overview
6.4.2. Financial performance
6.4.3. Product portfolio
6.4.4. Recent strategic moves & developments
6.4.5. SWOT analysis
6.5. Asklepios Kliniken GmbH
6.5.1. Business overview
6.5.2. Financial performance
6.5.3. Product portfolio
6.5.4. Recent strategic moves & developments
6.5.5. SWOT analysis
6.6. NTT Medical Centre
6.6.1. Business overview
6.6.2. Financial performance
6.6.3. Product portfolio
6.6.4. Recent strategic moves & developments
6.6.5. SWOT analysis
6.7. Asian Heart Institute
6.7.1. Business overview
6.7.2. Financial performance
6.7.3. Product portfolio
6.7.4. Recent strategic moves & developments
6.7.5. SWOT analysis
6.8. UZ Leuven
6.8.1. Business overview
6.8.2. Financial performance
6.8.3. Product portfolio
6.8.4. Recent strategic moves & developments
6.8.5. SWOT analysis
6.9. Aditya Birla Memorial hospital
6.9.1. Business overview
6.9.2. Financial performance
6.9.3. Product portfolio
6.9.4. Recent strategic moves & developments
6.9.5. SWOT analysis
6.10. Prince Court Medical Centre
6.10.1. Business overview
6.10.2. Financial performance
6.10.3. Product portfolio
6.10.4. Recent strategic moves & developments
6.10.5. SWOT analysis
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