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Medical Tourism Market Growth, Size, Trends, Analysis Report by Type, Application, Region and Segment Forecast 2021-2025

  • Published: Oct 2021
  • Pages: 120
  • SKU: IRTNTR71168
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The medical tourism market share is expected to increase by USD 16.88 billion from 2020 to 2025, and the market's growth momentum will decelerate at a CAGR of 16.04%.

This medical tourism market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers market segmentation by treatment type (cardiovascular treatment, cosmetic treatment, fertility treatment, orthopedics treatment, and others) and geography (North America, APAC, Europe, MEA, and South America). The medical tourism market report also offers information on several market vendors, including Anadolu Medical Center, Asian Heart Institute, Asklepios Kliniken GmbH and Co. KGaA, Bangkok Dusit Medical Services Public Co. Ltd., Bumrungrad Hospital Public Co. Ltd., Clemenceau Medical Center, Cleveland Clinic, Fortis Healthcare Ltd., Prince Court Medical Centre Sdn Bhd, and The Johns Hopkins Health System Corp. among others.

What will the Medical Tourism Market Size be in 2021?

Medical Tourism Market Size

Download the Free Report Sample to Unlock the Medical Tourism Market Size for 2021 and Other Important Statistics

Medical Tourism Market: Key Drivers and Trends

The availability of low-cost treatment options is notably driving the medical tourism market growth, although factors such as lack of advanced infrastructure in developing nations may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the medical tourism industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

This medical tourism market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.

Who are the Major Medical Tourism Market Vendors?

The report analyzes the market's competitive landscape and offers information on several market vendors, including:

 

  • Anadolu Medical Center
  • Asian Heart Institute
  • Asklepios Kliniken GmbH and Co. KGaA
  • Bangkok Dusit Medical Services Public Co. Ltd.
  • Bumrungrad Hospital Public Co. Ltd.
  • Clemenceau Medical Center
  • Cleveland Clinic
  • Fortis Healthcare Ltd.
  • Prince Court Medical Centre Sdn Bhd
  • The Johns Hopkins Health System Corp.

 

This statistical study of the medical tourism market encompasses successful business strategies deployed by the key vendors. The medical tourism market is fragmented and the vendors are deploying growth strategies such as directing their marketing efforts toward creating category and brand awareness to compete in the market.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The medical tourism market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies. 

Which are the Key Regions for Medical Tourism Market?

Medical Tourism Market Market segmentation by region

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32% of the market's growth will originate from North America during the forecast period. The US is a key market for medical tourism in North America. However, the market growth rate in North America will be slower than the growth of the market in other regions.

The availability of high-quality healthcare facilities in Canada and the US will facilitate the medical tourism market growth in North America over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

What are the Revenue-generating Treatment Type Segments in the Medical Tourism Market?

Medical Tourism Market Segmentation

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The medical tourism market share growth by the cardiovascular treatment segment will be significant during the forecast period. The market for cardiovascular treatment will continue to grow owing to hectic lifestyles and stressful lives, which is causing increased levels of stress to the human heart. The growth of the market for cardiovascular treatment will, subsequently, drive the growth of the global medical tourism market during the forecast period.

This report provides an accurate prediction of the contribution of all the segments to the growth of the medical tourism market size and actionable market insights on post COVID-19 impact on each segment.

 

Medical Tourism Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Decelerate at a CAGR of 16.04%

Market growth 2021-2025

$ 16.88 billion

Market structure

Fragmented

YoY growth (%)

22.93

Regional analysis

North America, APAC, Europe, MEA, and South America

Performing market contribution

North America at 32%

Key consumer countries

US, South Korea (Republic of Korea), Turkey, Thailand, and Germany

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Companies profiled

Anadolu Medical Center, Asian Heart Institute, Asklepios Kliniken GmbH and Co. KGaA, Bangkok Dusit Medical Services Public Co. Ltd., Bumrungrad Hospital Public Co. Ltd., Clemenceau Medical Center, Cleveland Clinic, Fortis Healthcare Ltd., Prince Court Medical Centre Sdn Bhd, and The Johns Hopkins Health System Corp.

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, Market condition analysis for the forecast period

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What are the Key Factors Covered in this Medical Tourism Market Report?

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive medical tourism market growth during the next five years
  • Precise estimation of the medical tourism market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the medical tourism industry across North America, APAC, Europe, MEA, and South America
  • A thorough analysis of the market's competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of medical tourism market vendors

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Executive Summary

    Market Landscape

    • Market ecosystem
    • Value chain analysis

    Market Sizing

    • Market definition
    • Market segment analysis
    • Market size 2020
    • Market outlook: Forecast for 2020 - 2025

    Five Forces Analysis

    • Bargaining power of buyers
    • Bargaining power of suppliers
    • Threat of new entrants
    • Threat of substitutes
    • Threat of rivalry
    • Market condition

    Market Segmentation by Treatment type

    • Market segments
    • Comparison by Treatment type
    • Cardiovascular treatment - Market size and forecast 2020-2025
    • Cosmetic treatment - Market size and forecast 2020-2025
    • Fertility treatment - Market size and forecast 2020-2025
    • Orthopedics treatment - Market size and forecast 2020-2025
    • Others - Market size and forecast 2020-2025
    • Market opportunity by Treatment type

    Customer landscape

      Geographic Landscape

      • Geographic segmentation
      • Geographic comparison
      • North America - Market size and forecast 2020-2025
      • APAC - Market size and forecast 2020-2025
      • Europe - Market size and forecast 2020-2025
      • MEA - Market size and forecast 2020-2025
      • South America - Market size and forecast 2020-2025
      • Key leading countries
      • Market opportunity by geography
      • Market drivers
      • Market challenges
      • Market trends

      Vendor Landscape

      • Overview
      • Landscape disruption

      Vendor Analysis

      • Vendors covered
      • Market positioning of vendors
      • Anadolu Medical Center
      • Asian Heart Institute
      • Asklepios Kliniken GmbH and Co. KGaA
      • Bangkok Dusit Medical Services Public Co. Ltd.
      • Bumrungrad Hospital Public Co. Ltd.
      • Clemenceau Medical Center
      • Cleveland Clinic
      • Fortis Healthcare Ltd.
      • Prince Court Medical Centre Sdn Bhd
      • The Johns Hopkins Health System Corp.

      Appendix

      • Scope of the report
      • Currency conversion rates for US$
      • Research methodology
      • List of abbreviations

      Research Framework

      Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

      TechnavioINFORMATION SOURCES

      Primary sources

      • Manufacturers and suppliers
      • Channel partners
      • Industry experts
      • Strategic decision makers

      Secondary sources

      • Industry journals and periodicals
      • Government data
      • Financial reports of key industry players
      • Historical data
      • Press releases
      Technavio

      TechnavioDATA ANALYSIS

      Data Synthesis

      • Collation of data
      • Estimation of key figures
      • Analysis of derived insights

      Data Validation

      • Triangulation with data models
      • Reference against proprietary databases
      • Corroboration with industry experts
      Technavio

      TechnavioREPORT WRITING

      Qualitative

      • Market drivers
      • Market challenges
      • Market trends
      • Five forces analysis

      Quantitative

      • Market size and forecast
      • Market segmentation
      • Geographical insights
      • Competitive landscape
      Interested in this report?
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      Medical Tourism Market market growth will increase by $16.88 bn during 2021-2025.
      The medical tourism market market is expected to grow at a CAGR of 16.04% during 2021-2025.
      Technavio has segmented the medical tourism market market by type (Cardiovascular treatment, Cosmetic treatment, Fertility treatment, Orthopedics treatment, and Others) and geography (North America, APAC, Europe, MEA, and South America).
      Anadolu Medical Center, Asian Heart Institute, Asklepios Kliniken GmbH and Co. KGaA, Bangkok Dusit Medical Services Public Co. Ltd., Bumrungrad Hospital Public Co. Ltd., Clemenceau Medical Center, Cleveland Clinic, Fortis Healthcare Ltd., Prince Court Medical Centre Sdn Bhd, The Johns Hopkins Health System Corp. are a few of the key vendors in the medical tourism market market.
      North America will register the highest growth rate of 32% among the other regions. Therefore, the medical tourism market market in North America is expected to garner significant business opportunities for the vendors during the forecast period.
      • US
      • South Korea (Republic of Korea)
      • Turkey
      • Thailand
      • Germany
      The key factors driving the medical tourism market market growth are:
      • availability of low-cost treatment options
      The medical tourism market market vendors should focus on grabbing business opportunities from the cardiovascular treatment segment as it accounted for the largest market share in the base year.
      • What are the key global market and the regional market share?
      • What are the revenue-generating key market segments?
      • What are the key factors driving and challenging this market’s growth?
      • Who are the key market vendors and their growth strategies?
      • What are the latest trends influencing the growth of this market?
      • What are the variables influencing the market growth in the primary regions?
      • What are the factors influencing the growth of the parent market?
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