Medical Tourism Market:Overview

The concept of medical tourism has opened the door for accessibility to highly advanced medical technologies and broader treatment options to major population around the world. This factor is expected to fuel the expansion opportunities in the global medical tourism market during the forecast period 2019 to 2027, states a research report by Transparency Market Research (TMR).

The study by TMR expects the global medical tourism market to expand at a CAGR of 10.5% during the forecast period of 2019 to 2027. Thus, the market for medical tourism is estimated to be valued worth US$ 154.4 Bn by 2027.

Request A Sample: https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=900

The study presented in the TMR research report provides comprehensive information and analysis of major important facets such as drivers, restraints, challenges, and growth opportunities in the medical tourism market. Thus, this report works as a dependable guide to gather major data on the market for medical tourism.

The government authorities of many important nations are supporting the concept of medical tourism. Besides, there is presence of many favorable institutional frameworks such as in European Union that are encouraging patient pool from the developed nations toward medical tourism. All these factors are translating into promising growth opportunities in the global medical tourism market.

With the growing inclination among considerable chunk of population toward moving across nations to get advanced medical treatments, the need for insurance portability is increased. Considering this factor, several European countries insurance regulations offer portability within the European Union. This factor is working in favor of the medical tourism market.

Request Brochure: https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=900

Insurance globalization provides advantages to the provider, as insurer can contact with service providers such as foreign hospitals and health care providers at reasonable prices, in their provider networks. This factor is beneficial for the patient as well as both the provider.

Presence of Many Players Makes Competition Levels Intense

Fortis Healthcare Limited, Asklepios Kliniken GmbH, Bangkok Chain Hospital Public Company Limited, Apollo Hospitals Enterprise Limited, Saudi German Hospital (SGH) Group, Bumrungrad International Hospital, Bahrain Specialist Hospital, Dr. Soliman Fakeeh Hospital, Al Zahra Hospital, Hamad Medical Corporation, Zulekha Hospital, and Al Rahba Hospital are some of the key players working in the global medical tourism market.

The presence of many active enterprises makes the competition landscape highly intense. Thus to maintain leading position, companies in this market are utilizing various strategies such as joint ventures, partnerships, mergers, acquisitions, regulatory approvals, and collaborations. Furthermore, several players are focused on the incorporation of technologically advanced tools in order to provide their customers high level of health care facilities.

Major players operating in the global medical tourism market are increasing focus on compliance to international quality standards. This is one of the important factors accelerating the growth curve of the market for medical tourism.

Asia pacific: Lucrative Region for Market Players

Europe, North America, Latin America, Asia Pacific, and Middle East & Africa are important regions for the global medical tourism market. Of them, Asia Pacific is one of the prominent regions for players operating in the market for medical tourism.

The Asia Pacific medical tourism market is projected to expand at swift pace on the back of many factors such as increased focus of regional hospitals and clinics to fulfill global healthcare standards. Moreover, advanced healthcare infrastructure and services in several regional countries including Japan, China, India, South Korea, Malaysia, and Singapore are fueling the market expansion.

Request for covid19 Impact Analysis: https://www.transparencymarketresearch.com/sample/sample.php?flag=covid19&rep_id=900

Global Medical Tourism Market Segmentation

The study analysts have performed segmentation of the medical tourism market based on different crucial aspects such as medical tourism and region. In terms of medical tourism, the market for medical tourism is divided into dentistry, cosmetology, orthopedic surgery, cardiology, oncology, neurology, and others.

The study presented here is based on a report by Transparency Market Research (TMR) titled “Medical Tourism Market (Medical Treatment – Cosmetology, Dentistry, Cardiology, Orthopedic surgery, Neurology, and Oncology) – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2019 – 2027.”

More Trending Reports by Transparency Market Research:

Clinical Decision Support System Market: https://www.transparencymarketresearch.com/clinical-decision-support-system-market.html

Bone Growth Stimulators Market: https://www.transparencymarketresearch.com/bone-growth-stimulator-market.html

Behavioral Health Market: https://www.transparencymarketresearch.com/behavioral-health-market.html

Egg Donation Market: https://www.transparencymarketresearch.com/us-egg-donation-market.html

Surgical Procedures Volume Market: https://www.transparencymarketresearch.com/surgical-procedures-volumes-market.html

Healthcare Automation Market: https://www.transparencymarketresearch.com/healthcare-automation-market.html

Biologics Contract Manufacturing Market: https://www.transparencymarketresearch.com/biologics-contract-manufacturing-market.html

Mobile Hospitals Market: https://www.transparencymarketresearch.com/mobile-hospitals-market.html

About Us

Transparency Market Research is a next-generation market intelligence provider, offering fact-based solutions to business leaders, consultants, and strategy professionals.

Our reports are single-point solutions for businesses to grow, evolve, and mature. Our real-time data collection methods along with ability to track more than one million high growth niche products are aligned with your aims. The detailed and proprietary statistical models used by our analysts offer insights for making right decision in the shortest span of time. For organizations that require specific but comprehensive information, we offer customized solutions through adhoc reports. These requests are delivered with the perfect combination of right sense of fact-oriented problem solving methodologies and leveraging existing data repositories.

TMR believes that unison of solutions for clients-specific problems with right methodology of research is the key to help enterprises reach right decision.”

Contact Us

Rohit Bhisey
Transparency Market Research Inc.
CORPORATE HEADQUARTER DOWNTOWN,
1000 N. West Street,
Suite 1200, Wilmington, Delaware 19801 USA
Tel: +1-518-618-1030
USA – Canada Toll Free: 866-552-3453
Email: [email protected]