Medical Tourism expected to Reach $165,345 Million by 2023

Allied Market Research recently published a new research on Medical Tourism whose title is Medical Tourism Market by Treatment Type – Global Opportunity Analysis and Industry Forecast, 2017-2023
The research shows that a major increase is expected between 2016 and 2023. Global Medical Tourism Market, valued at $61,172 million in 2016, is estimated to reach at $165,345 million by 2023.

Medical tourism is the process of traveling across international borders to find medical treatments outside the travelers’ home country. Usually the most frequently researched services concern cancer treatment, orthopedic treatment, neurological disease treatment, elective surgery, fertility treatment. And this is why Allied Market Research focuses in particular on these specialties. The research is also segmented based on treatment type and geography across North America, Europe, Asia-Pacific, and LAMEA.

The reason for traveling abroad to find a medical treatment depends on affordability and accessibility of good quality healthcare services and on the availability of state-of-the-art medical technologies.

Other factors may influence this growth such as health insurance portability, rise in marketing activities of medical facilities, but also the increase in incidence of cancer and other serious disease. There are also many issues that could slow market growth such as insurance companies and cross border travel costs, language barriers and VISA approval issues.

Nevertheless, cancer treatments (that accounted about one-third of the market in 2016) and neurological disorders treatments are most likely the segments that will lead the market growth in the next years.

By geography, in 2016 the market was led by North America and Asia-Pacific that accounted for 63.6% of the overall medical tourism market. But Asia-Pacific is the fastest growing region followed by LAMEA thanks to the increase in success rates and the fair price range. Accessibility and availability of healthcare facilities and an increase in healthcare and research expenditure are other important factors that will determine a rapid market growth in this area, also due to its economic development.  Thailand and Singapore are the major shareholders in this area.

This report offers a detailed quantitative analysis of the market trends from 2016 to 2023 and provides extensive competitive analysis and profiles of key market players, such as Apollo Hospitals Enterprise Limited, Fortis Healthcare Ltd., Asian Heart Institute and Research Centre Private Limited, KPJ Healthcare Berhad, NTT Medical Center Tokyo, Seoul National University Hospital, UZ Leuven (University Hospitals Leuven), Infectious Diseases Partners Pte. Ltd., Aditya Birla Memorial Hospital, Barbados Fertility Centre, Prince Court Medical Centre, and Samitivej Public Company Limited.

To Enquiry for Sample Reporthttps://www.alliedmarketresearch.com/request-sample/454

1 Comment

  • Dear Colleague,

    Greetings!!

    Currently, we are organizing ENT Conference 2018 during May 14-15, 2018 in Osaka, Japan. The scientific-program of ENT Conference 2018 is a rich mix of Interactive Sessions & Sub-sessions, keynote lectures from industry experts, panel discussions, poster competitions and Young Researcher Forum. The conference program will feature well-known and thought-provoking speakers to interactive discussion sessions.
    As your organization is one of the prominent name in organizing academic and business tours, so we like to collaborate with you as our Travelling Partner to gather people throughout the globe to be a part of our esteemed conference and make it success. We accept participants on registration basis. So kindly send us your thoughts to discuss further on this partnership.
    Kindly visit our conference website at – https://ent.conferenceseries.com/asiapacific/
    Note: ENT Congress 2018 is an annual congress hosting presentations from more than 30 countries and 100 organizations, Placid Way, Medobal and many more.
    Attendees Benefits
    – All attendees can avail CPD Credits (Continuing Professional Development)
    – Certificate Accreditation by the International Organizing Committee (IOCM)
    – Abstracts will be published in conference souvenir & international journals
    – Best Visibility from your target audience, globally
    – Global Networking Opportunities
    – Best Economic Advertisement Opportunities
    – Extreme Social Media Promotion

    Group Discounts Available!

    Please feel free to contact me for further queries

    Regards,
    Renold Peter
    Program Manager.

    Peter Renold 27.12.2017

Leave a comment

Your email address will not be published.

By continuing to use the site, you agree to the use of cookies. Utilizzando il sito, accetti l'utilizzo dei cookie da parte nostra. more information

The cookie settings on this website are set to "allow cookies" to give you the best browsing experience possible. If you continue to use this website without changing your cookie settings or you click "Accept" below then you are consenting to this. Questo sito utilizza i cookie per fornire la migliore esperienza di navigazione possibile. Continuando a utilizzare questo sito senza modificare le impostazioni dei cookie o cliccando su "Accetta" permetti il loro utilizzo.

Close