HEALTHCARE
Global Medical Tourism Market - Industry Trends and Forecast to 2032
REPORT OVERVIEW
Global Medical Tourism Market, By Treatment Type (Cardiovascular Treatment, Orthopaedic Treatment, Cosmetic Treatment, Bariatric Treatment, Dental Treatment, Ophthalmology Treatment, Infertility Treatment, Alternative Medicine, and Others), Service Type (Wellness Service and Therapeutic Service), Service Provider (Public and Private), Tourist Type (Domestic and International), Tour Type (Independent Travel, Tour Group, and Package Travel), Customer Orientation (Men, Women and Children), Age Group (15-25 Years, 26-35 Years, 36-45 Years, 46-55 Years, 66-75 Years, and Above 75 Years), Booking Channel (Phone Booking, Online Booking, and In Person Booking), Region (North America, Europe, Asia-Pacific, South America, Middle East and Africa) – Industry Trends and Forecast to 2032.
Market Insights
The global medical tourism market size is valued to be USD xx million in 2023 and is expected to reach USD xx million by 2032, and it is expected to register a CAGR of xx% over the forecast period 2024-2032.
Medical tourism refers to the practice of individuals traveling across borders or within their own country to seek medical treatment or procedures that are either unavailable or more affordable in their home region. It involves patients seeking medical care outside their local healthcare systems, often to access specialized treatments, advanced technology, or more affordable healthcare options.
The respective global report analyses market trends, consumer behaviour and industry dynamics to guide towards entry into new markets with ease. Also, it assists in tailoring market specific and related products and services to meet the needs, preferences, and expectations of target audience by delving into their psychology. The report also specializes with comprehensive and extensive competitive analysis which offers useful insights into competitor strengths, weaknesses, opportunities, and threats. The respective report offers exclusive insights into the potential impact of disruptive developments and technologies that are expected to completely transform corporate operations. The context includes tailor-made research solutions to create a stronger footprint in their particular industries thereby offering dedicated customized solutions according to the client needs which helps in addressing unique business challenges with more simplified and efficient decision-making solutions.
Market Dynamics
DRIVERS
- Rising healthcare costs in developed countries
- Expansion of healthcare infrastructure in emerging markets
RESTRAINTS
- Insurance coverage and reimbursement issues
- Geopolitical instability and travel restrictions
OPPORTUNITIES
- Wellness and preventive healthcare
- Integrated healthcare tourism packages
CHALLENGES
- Fluctuations in currency exchange rates
- Complexities in continuity of care
SEGMENTATION
- Treatment Type
- Cardiovascular Treatment
- Orthopaedic Treatment
- Cosmetic Treatment
- Bariatric Treatment
- Dental Treatment
- Ophthalmology Treatment
- Infertility Treatment
- Alternative Medicine
- Others
- Service Type
- Wellness Service
- Therapeutic Service
- Service Provider
- Public
- Private
- Tourist Type
- Domestic
- International
- Tour Type
- Independent Travel
- Tour Group
- Package Travel
- Customer Orientation
- Men
- Women
- Children
- Age Group
- 15-25 Years
- 26-35 Years
- 36-45 Years
- 46-55 Years
- 66-75 Years
- Above 75 Years
- Booking Channel
- Phone Booking
- Online Booking
- In Person Booking
The respective global report is completely customizable specific to regions (North America, Europe, Asia-Pacific, South America, Middle East and Africa), countries, and segments as per the client requirements.
REGIONAL SEGMENTATION
- North America
- U.S.
- Canada
- Mexico
- Rest of North America
- Europe
- Germany
- U.K.
- France
- Italy
- Spain
- Russia
- The Netherlands
- Belgium
- Turkey
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Singapore
- Malaysia
- Australia
- Thailand
- Philippines
- Rest of Asia-Pacific
- South America
- Brazil
- Argentina
- Chile
- Colombia
- Rest of South America
- Middle East and Africa
- Kingdom of Saudi Arabia
- South Africa
- U.A.E.
- Egypt
- Rest of Middle East and Africa
KEY MARKET PLAYERS
- Apollo Hospitals Enterprise Ltd.
- Bumrungrad International Hospital
- Mount Elizabeth Hospitals
- Raffles Medical Group
- Bangkok Hospital
- Miot Hospital
- Penang Adventist Hospital
- Clemenceu Medical Center
- Asklepios Klinik Barmbek
- Fortis Hospital
Table OF CONTENTS
- SECTION 1 - INTRODUCTION
- 1.1 Taxonomy
- 1.2 Market Overview
- 1.3 Currency and Limitations
- 1.3.1 Currency
- 1.3.2 Limitations
- 1.4 Key Competitors
- SECTION 2 - RESEARCH METHODOLOGY
- 2.1 Research Approach
- 2.2 Data Collection and Validation
- 2.2.1 Secondary Research
- 2.2.2 Primary Research
- 2.3 Market Assessment
- 2.3.1 Market Size Estimation
- 2.3.2 Bottom-up Approach
- 2.3.3 Top-down Approach
- 2.3.4 Growth Forecast
- 2.4 Market Study Assumptions
- 2.5 Data Sources
- SECTION 3 - EXECUTIVE SUMMARY
- 3.1 Global Medical Tourism Market, by Treatment Type
- 3.2 Global Medical Tourism Market, by Service Type
- 3.3 Global Medical Tourism Market, by Service Provider
- 3.4 Global Medical Tourism Market, by Tourist Type
- 3.5 Global Medical Tourism Market, by Tour Type
- 3.6 Global Medical Tourism Market, by Customer Orientation
- 3.7 Global Medical Tourism Market, by Age Group
- 3.8 Global Medical Tourism Market, by Booking Channel
- 3.9 Global Medical Tourism Market, by Geography
- 3.10 Market Position Grid
- SECTION 4 - PREMIUM INSIGHTS
- 4.1 Regulatory Framework
- 4.1.1 Standards
- 4.1.2 Regulatory Landscape
- 4.2 Value Chain Analysis
- 4.3 Supply Chain Analysis
- 4.4 COVID-19 Impact
- 4.5 Russia-Ukraine War Impact
- 4.6 PORTER's Five Force Analysis
- 4.7 PESTLE Analysis
- 4.8 SWOT Analysis
- 4.9 Go to Market Strategy
- 4.10 Opportunity Orbit
- 4.11 Multivariate Modelling
- 4.12 Pricing Analysis
- SECTION 5 - MARKET DYNAMICS
- 5.1 Trends
- 5.1.1 Ethical and sustainable practices
- 5.1.2 Wellness tourism integration
- 5.1.3 Trend 3
- 5.2 Drivers
- 5.2.1 Rising healthcare costs in developed countries
- 5.2.2 Expansion of healthcare infrastructure in emerging markets
- 5.2.3 Driver 3
- 5.2.4 Driver 4
- 5.3 Restraints
- 5.3.1 Insurance coverage and reimbursement issues
- 5.3.2 Geopolitical instability and travel restrictions
- 5.3.3 Restraint 3
- 5.4 Opportunities
- 5.4.1 Wellness and preventive healthcare
- 5.4.2 Integrated healthcare tourism packages
- 5.4.3 Opportunity 3
- 5.4.4 Opportunity 4
- 5.5 Challenges
- 5.5.1 Fluctuations in currency exchange rates
- 5.5.2 Complexities in continuity of care
- 5.5.3 Challenge 3
- SECTION 6 - GLOBAL MEDICAL TOURISM MARKET, BY TREATMENT TYPE
- 6.1 Treatment Type Summary
- 6.2 Market Attractive Index
- 6.3 Global Medical Tourism Market, by Treatment Type (2019-2032)
- SECTION 7 - GLOBAL MEDICAL TOURISM MARKET, BY SERVICE TYPE
- 7.1 Service Type Summary
- 7.2 Market Attractive Index
- 7.3 Global Medical Tourism Market, by Service Type (2019-2032)
- SECTION 8 - GLOBAL MEDICAL TOURISM MARKET, BY SERVICE PROVIDER
- 8.1 Service Provider Summary
- 8.2 Market Attractive Index
- 8.3 Global Medical Tourism Market, by Service Provider (2019-2032)
- SECTION 9 - GLOBAL MEDICAL TOURISM MARKET, BY TOURIST TYPE
- 9.1 Tourist Type Summary
- 9.2 Market Attractive Index
- 9.3 Global Medical Tourism Market, by Tourist Type (2019-2032)
- SECTION 10 - GLOBAL MEDICAL TOURISM MARKET, BY TOUR TYPE
- 10.1 Tour Type Summary
- 10.2 Market Attractive Index
- 10.3 Global Medical Tourism Market, by Tour Type (2019-2032)
- SECTION 11 - GLOBAL MEDICAL TOURISM MARKET, BY CUSTOMER ORIENTATION
- 11.1 Customer Orientation Summary
- 11.2 Market Attractive Index
- 11.3 Global Medical Tourism Market, by Customer Orientation (2019-2032)
- SECTION 12 - GLOBAL MEDICAL TOURISM MARKET, BY AGE GROUP
- 12.1 Age Group Summary
- 12.2 Market Attractive Index
- 12.3 Global Medical Tourism Market, by Age Group (2019-2032)
- SECTION 13 - GLOBAL MEDICAL TOURISM MARKET, BY BOOKING CHANNEL
- 13.1 Booking Channel Summary
- 13.2 Market Attractive Index
- 13.3 Global Medical Tourism Market, by Booking Channel (2019-2032)
- SECTION 14 - GLOBAL MEDICAL TOURISM MARKET, BY GEOGRAPHY
- 14.1 Regional Summary
- 14.2 Market Attractive Index
- 14.3 Global Medical Tourism Market, by Geography (2019-2032)
- SECTION 15 - NORTH AMERICA MEDICAL TOURISM MARKET
- 15.1 North America Summary
- 15.2 Market Attractive Index
- 15.3 North America Medical Tourism Market, by Treatment Type (2019-2032)
- 15.4 North America Medical Tourism Market, by Service Type (2019-2032)
- 15.5 North America Medical Tourism Market, by Service Provider (2019-2032)
- 15.6 North America Medical Tourism Market, by Tourist Type (2019-2032)
- 15.7 North America Medical Tourism Market, by Tour Type (2019-2032)
- 15.8 North America Medical Tourism Market, by Customer Orientation (2019-2032)
- 15.9 North America Medical Tourism Market, by Age Group (2019-2032)
- 15.10 North America Medical Tourism Market, by Booking Channel (2019-2032)
- 15.11 North America Medical Tourism Market, by Country (2019-2032)
- 15.11.1 U.S.
- 15.11.2 Canada
- 15.11.3 Mexico
- 15.11.4 Rest of North America
- SECTION 16 - EUROPE MEDICAL TOURISM MARKET
- 16.1 Europe Summary
- 16.2 Market Attractive Index
- 16.3 Europe Medical Tourism Market, by Treatment Type (2019-2032)
- 16.4 Europe Medical Tourism Market, by Service Type (2019-2032)
- 16.5 Europe Medical Tourism Market, by Service Provider (2019-2032)
- 16.6 Europe Medical Tourism Market, by Tourist Type (2019-2032)
- 16.7 Europe Medical Tourism Market, by Tour Type (2019-2032)
- 16.8 Europe Medical Tourism Market, by Customer Orientation (2019-2032)
- 16.9 Europe Medical Tourism Market, by Age Group (2019-2032)
- 16.10 Europe Medical Tourism Market, by Booking Channel (2019-2032)
- 16.11 Europe Medical Tourism Market, by Country (2019-2032)
- 16.11.1 Germany
- 16.11.2 U.K.
- 16.11.3 France
- 16.11.4 Italy
- 16.11.5 Spain
- 16.11.6 Russia
- 16.11.7 The Netherlands
- 16.11.8 Belgium
- 16.11.9 Turkey
- 16.11.10 Rest of Europe
- SECTION 17 - ASIA-PACIFIC MEDICAL TOURISM MARKET
- 17.1 Asia-Pacific Summary
- 17.2 Market Attractive Index
- 17.3 Asia-Pacific Medical Tourism Market, by Treatment Type (2019-2032)
- 17.4 Asia-Pacific Medical Tourism Market, by Service Type (2019-2032)
- 17.5 Asia-Pacific Medical Tourism Market, by Service Provider (2019-2032)
- 17.6 Asia-Pacific Medical Tourism Market, by Tourist Type (2019-2032)
- 17.7 Asia-Pacific Medical Tourism Market, by Tour Type (2019-2032)
- 17.8 Asia-Pacific Medical Tourism Market, by Customer Orientation (2019-2032)
- 17.9 Asia-Pacific Medical Tourism Market, by Age Group (2019-2032)
- 17.10 Asia-Pacific Medical Tourism Market, by Booking Channel (2019-2032)
- 17.11 Asia-Pacific Medical Tourism Market, by Country (2019-2032)
- 17.11.1 China
- 17.11.2 India
- 17.11.3 Japan
- 17.11.4 South Korea
- 17.11.5 Singapore
- 17.11.6 Malaysia
- 17.11.7 Australia
- 17.11.8 Thailand
- 17.11.9 Philippines
- 17.11.10 Rest of Asia-Pacific
- SECTION 18 - SOUTH AMERICA MEDICAL TOURISM MARKET
- 18.1 South America Summary
- 18.2 Market Attractive Index
- 18.3 South America Medical Tourism Market, by Treatment Type (2019-2032)
- 18.4 South America Medical Tourism Market, by Service Type (2019-2032)
- 18.5 South America Medical Tourism Market, by Service Provider (2019-2032)
- 18.6 South America Medical Tourism Market, by Tourist Type (2019-2032)
- 18.7 South America Medical Tourism Market, by Tour Type (2019-2032)
- 18.8 South America Medical Tourism Market, by Customer Orientation (2019-2032)
- 18.9 South America Medical Tourism Market, by Age Group (2019-2032)
- 18.10 South America Medical Tourism Market, by Booking Channel (2019-2032)
- 18.11 South America Medical Tourism Market, by Country (2019-2032)
- 18.11.1 Brazil
- 18.11.2 Argentina
- 18.11.3 Chile
- 18.11.4 Colombia
- 18.11.5 Rest of South America
- SECTION 19 - MIDDLE EAST AND AFRICA MEDICAL TOURISM MARKET
- 19.1 Middle East and Africa Summary
- 19.2 Market Attractive Index
- 19.3 Middle East and Africa Medical Tourism Market, by Treatment Type (2019-2032)
- 19.4 Middle East and Africa Medical Tourism Market, by Service Type (2019-2032)
- 19.5 Middle East and Africa Medical Tourism Market, by Service Provider (2019-2032)
- 19.6 Middle East and Africa Medical Tourism Market, by Tourist Type (2019-2032)
- 19.7 Middle East and Africa Medical Tourism Market, by Tour Type (2019-2032)
- 19.8 Middle East and Africa Medical Tourism Market, by Customer Orientation (2019-2032)
- 19.9 Middle East and Africa Medical Tourism Market, by Age Group (2019-2032)
- 19.10 Middle East and Africa Medical Tourism Market, by Booking Channel (2019-2032)
- 19.11 Middle East and Africa Medical Tourism Market, by Country (2019-2032)
- 19.11.1 Kingdom of Saudi Arabia
- 19.11.2 South Africa
- 19.11.3 U.A.E.
- 19.11.4 Egypt
- 19.11.5 Rest of Middle East and Africa
- SECTION 20 - COMPANY SHARE ANALYSIS
- 20.1 Global Medical Tourism Market, Company Share Analysis
- 20.2 North America Medical Tourism Market, Company Share Analysis
- 20.3 Europe Medical Tourism Market, Company Share Analysis
- 20.4 Asia-Pacific Medical Tourism Market, Company Share Analysis
- SECTION 21 - COMPANY PROFILES
- 21.1 Apollo Hospitals Enterprise Ltd.
- 21.1.1 Company Snapshot
- 21.1.2 Financial Overview
- 21.1.3 Product Portfolio
- 21.1.4 Recent Developments
- 21.2 Bumrungrad International Hospital
- 21.2.1 Company Snapshot
- 21.2.2 Financial Overview
- 21.2.3 Product Portfolio
- 21.2.4 Recent Developments
- 21.3 Mount Elizabeth Hospitals
- 21.3.1 Company Snapshot
- 21.3.2 Financial Overview
- 21.3.3 Product Portfolio
- 21.3.4 Recent Developments
- 21.4 Raffles Medical Group
- 21.4.1 Company Snapshot
- 21.4.2 Financial Overview
- 21.4.3 Product Portfolio
- 21.4.4 Recent Developments
- 21.5 Bangkok Hospital
- 21.5.1 Company Snapshot
- 21.5.2 Financial Overview
- 21.5.3 Product Portfolio
- 21.5.4 Recent Developments
- 21.6 Miot Hospital
- 21.6.1 Company Snapshot
- 21.6.2 Financial Overview
- 21.6.3 Product Portfolio
- 21.6.4 Recent Developments
- 21.7 Penang Adventist Hospital
- 21.7.1 Company Snapshot
- 21.7.2 Financial Overview
- 21.7.3 Product Portfolio
- 21.7.4 Recent Developments
- 21.8 Clemenceu Medical Center
- 21.8.1 Company Snapshot
- 21.8.2 Financial Overview
- 21.8.3 Product Portfolio
- 21.8.4 Recent Developments
- 21.9 Asklepios Klinik Barmbek
- 21.9.1 Company Snapshot
- 21.9.2 Financial Overview
- 21.9.3 Product Portfolio
- 21.9.4 Recent Developments
- 21.10 Fortis Hospital
- 21.10.1 Company Snapshot
- 21.10.2 Financial Overview
- 21.10.3 Product Portfolio
- 21.10.4 Recent Developments
- SECTION 22 - RELATED REPORTS
- SECTION 23 - DISCLAIMER
RESEARCH METHODOLOGY
The research methodology employed in Uniprism Market Research involves four basic steps namely research and data collection, data pre-processing, modeling and forecasting, quality assurance and output.
RESEARCH AND DATA COLLECTION
A tripod model research technique is followed for research and data collection in which various approaches such as primary research, secondary research, and product mapping are considered.
Primary research basically involves the process of conducting personalized interviews with market related professionals of major market players, investors, distributors, vendors and many more.
The secondary research include data published by government, annual reports, press releases, investor presentations of companies, white papers, certified publications, annual manufacturing limit of the respective industries related to the market, production consumption analysis of certain products respective to the market and many more.
Below mention are few of the sources which we have considered while estimating the market size:
For instance,
- Research articles published on Technium
- Science and MDPI
- Research publications by government approved associations and societies
Product mapping means the process of mapping the list of products that a key player contributes to the market as well as estimating the revenue of those products in order to define the Global Company share analysis of the respective Global Company in global, regional, and country level markets.
DATA PRE-PROCESSING
The term "data pre-processing" refers to the collection of procedures and methods used to clean, modify, and make ready for analysis the raw data gathered during research and data collection. The completion of this phase is necessary to guarantee that the data are reliable, consistent, and appropriate for statistical analysis and other data-driven tasks. The data pre-processing ensures that the information gathered from research and data collection is comparable and expressed in standard units, by the integration of missing data pointers and algorithmic approaches.
MODELING AND FORECASTING
The process of developing mathematical, statistical, or computational representations of real-world occurrences or relationships is known as modelling. These models are intended to replicate and explain market interactions, interdependence, and dynamics. These models are used by Uniprism Market Research to acquire a better knowledge of numerous market characteristics such as customer preferences, pricing elasticity, competition dynamics, and more. Depending on the individual study aims, many types of models are utilized, such as regression models, econometric models, decision tree models, and machine learning models.
Forecasting is the process of predicting future market conditions, trends, and occurrences using past data and models. Forecasting is used by Uniprism Market Research to estimate future sales, demand for products or services, market growth, and other important performance metrics. Forecasting accurately can assist organizations in making educated decisions about resource allocation, pricing, inventory management, and marketing tactics.
We create standardized bottom-up or top-down models that scale by leveraging data science and machine learning technology. All our market models consider the unique market characteristics of each country. Forecasting is based on major market indicators and a combination of traditional methodologies, such as exponential smoothing, time series analysis, regression analysis, and more modern techniques such as machine learning algorithms are all forecasting methodologies. The method chosen is determined on the nature of the data and the specific forecasting aims.
QUALITY ASSURANCE AND OUTPUT
Quality assurance and output involves the process of validation, adjustments, further publications of key market indicators. Extensive plausibility and consistency tests are performed on derived time series to ensure the high degree of quality of our market analysis. This quality assurance procedure also includes rigorous inspection, validation, and editing by an experienced management team to assure the dependability of the published data.