Global Medical Tourism Market Research Report: Ken Research REQUEST FOR SAMPLE REPORT Buy Now Request For sample Report × Report Title Name Email Designation Phone No Comapny Name Comapny URL Country -- Please Select Your Country -- Afganistan Africa Albania Algeria Andorra Angola Anguilla Antigua and Barbuda Argentina Armenia Aruba Asia Australasia Australia Austria Azerbaijan Bahamas Bahrain Bangladesh Barbados Belarus Belgium Belize Benin Bermuda Bhutan Bolivia Bonaire Bosnia Herzegovina Botswana Brazil BRICS British Virgin Islands Brunei Darussalam Bulgaria Burkina Faso Cambodia Cameroon Canada Cape Verde Cayman Islands Central African Republic Central and South America Chad Chile China Colombia Comoros Congo Costa Rica Cote d'Ivoire Croatia Cuba Curacao Cyprus Czech Republic Denmark Djibouti Dominica Dominican Republic Ecuador Egypt El Salvador Equatorial Guinea Eritrea Estonia Ethiopia Europe European Union Falkland Islands Faroe Islands Fiji Finland France French Guiana French Polynesia Gabon Gambia Georgia Germany Ghana Gibraltar Global Great Britain Greece Greenland Grenada Guadeloupe Guam Guatemala Guerney & Alderney Guinea Guinea-Bissau Guyana Haiti Honduras Hong Kong Hungary Iceland India Indonesia Iran Iraq Ireland Isle of Man Israel Italy Ivory Coast Jamaica Japan Jersey Jordan Kazakhstan Kenya Kiribati Kosovo Kuwait Kyrgyzstan Laos Latvia Lebanon Lesotho Liberia Libyan Arab Jamahiriya Liechtenstein Lithuania Luxembourg Macao Macau Macedonia Madagascar Malawi Malaysia Maldives Mali Malta Man (Island of) Marshall Islands Martinique Mauritania Mauritius Mayotte Mexico Micronesia Middle East Minnesota Moldova Monaco Mongolia Monserrat Montenegro Morocco Morroco Mozambique Myanmar Namibia Nepal Netherlands New Caledonia New Zealand Nicaragua Niger Nigeria Niue North America North Korea Norway Oman Pakistan Palau Palestine Panama Papua New Guinea Paraguay Peru Philippines Poland Portugal Puerto Rico Qatar Reunion Romania Russia Rwanda Saint Helena Saint Lucia Saint Martin Saint Pierre and Miquelon Saint Vincent and the Grenadines Samoa Samoa (American) San Marino Sao Tome and Principe Saudi Arabia Scandinavia Senegal Serbia Seychelles Sierra Leone Singapore Sint Maarten Slovakia Slovenia Solomon (Islands) Somalia South Africa South Korea South Sudan Spain Sri Lanka Sudan Suriname Svalbard and Jan Mayen Islands Swaziland Sweden Switzerland Syria Taiwan Tajikistan Tanzania Thailand Timor Leste Togo Tonga Trinidad and Tobago Tunisia Turkey Turkmenistan Turks and Caicos Islands Uganda Ukraine United Arab Emirates United Kingdom United States Uruguay Uzbekistan Vanuatu Vatican City Venezuela Vietnam Virgin Islands Western Sahara Yemen Zambia Zimbabwe Requirement Submit Major players in the medical tourism market are Apollo Hospital Enterprise Limited, Prince Court Medical Center, Bumrungrad International Hospital, KPJ Healthcare Berhad, and Fortis Health Ltd. The Global Medical Tourism Market is expected to decline from USD 37.72 billion in 2019 to USD 19.8 billion in 2020 at a compound annual growth rate (CAGR) of -47.53%. The decline is mainly due to the COVID-19 outbreak that has led to restrictive containment measures involving social distancing, remote working, restriction on cross-border travel and the closure of industries and other commercial activities. The ban on cross-border travel reduces the number of international patients, impacting the market. The market is then expected to recover and reach USD 33.54 billion in 2023 at CAGR of 19.2%. The medical tourism market includes revenues generated by healthcare service providers by diagnosing and treating the patients who travel across international borders to obtain medical treatment. Patients usually travel from countries lacking healthcare infrastructure or having high healthcare costs to major medical centers in developing countries. Asia Pacific is the fastest growing region in medical tourism market, in which Thailand holds the maximum share. In November 2018, IHH Healthcare acquired Fortis Healthcare for USD 1.1 billion. Fortis Healthcare was established in 2001 and headquartered at Gurgaon, India. It is an integrated healthcare service provider which works in verticals like hospitals, diagnostics and day care specialty facilities. With this acquisition, IHH Healthcare will get access to Fortis’ network of 34 hospitals and enable it to expand its presence in India. The medical tourism market covered in this report is segmented by treatment type into cosmetic treatment; dental treatment; cardiovascular treatment; orthopedics treatment; bariatric treatment; fertility treatment; ophthalmic treatment; others. The coronavirus disease (COVID-19) outbreak is to act as a major restraint for the growth of the medical tourism industry during 2020 and 2021. According to the World Health Organization’s report, 213 countries are affected by the COVID-19 outbreak including countries with a high number of medical tourists such as the USA, China, Japan, and South Korea. The government of various countries has banned travelers from affected countries, barred flights to certain countries, and changed the visa requirements. The American Centers for Disease Control and Prevention (CDC) predicted that the situation could last into 2021 and is likely to impact the medical tourism industry significantly. Therefore, the coronavirus outbreak and travel bans are expected to restrict the growth of the medical tourism industry in the near future. Patients travelling across countries for medical treatment are increasingly using electronic health records to store information related to health in digital format. Electronic health record is the systematic collection of patient health and medical examination reports stored electronically. These health records can be accessed instantly and securely by authorized users. Electronic health records eliminate the need to carry heavy medical records for patients travelling long distances for treatment. Some of the major electronic health records software include eClinicalWorks, Allscripts, Cerner. High healthcare cost in developed countries is driving growth in the medical tourism market as developing countries are able to provide cheaper treatment. Patients usually travel to developing countries with quality healthcare infrastructure and low healthcare costs. According to a study conducted by the Centers for Disease Control and Prevention in 2017, approximately 0.75 -1.6 million people from the USA travel out of the country for medical care to avoid high treatment cost. For instance, a hip replacement surgery in the USA costs approximately USD 39,299 while the same surgery in India, Costa Rica or other developing countries would cost between USD 7000 and USD 15,000 including logistics. For More Information, Click on the Link Below:- Global Medical Tourism Market Related Reports:- Medical Tourism Market by Treatment Type (Cancer Treatment, Orthopedic Treatment, Fertility Treatment, Cardiovascular Treatment, Neurological Treatment, and Others): Global Industry Perspective, Comprehensive Analysis and Forecast, 2017 – 2024 Global Medical Tourism Market Report 2019, Competitive Landscape, Trends and Opportunities Contact Us:- Ken Research Ankur Gupta, Head Marketing & Communications support@kenresearch.com +91-9015378249 Tags: Apollo Hospital Enterprise Limited Medical Tourism Market Revenue, Asia-Pacific Medical Tourism Market, Australia Medical Tourism Market, Bariatric Treatment Market, Bumrungrad International Hospital Medical Tourism Market Share, Cardiovascular Treatment Market, China Medical Tourism Market, Cosmetic Treatment Market, Covid-19 Impact Global Medical Tourism Industry, Covid-19 Impact Global Medical Tourism Market, Dental Treatment Market, Europe Medical Tourism Market, Germany Medical Tourism Market, Global Medical Tourism Industry, Global Medical Tourism Industry Research Report, Global Medical Tourism Market, Global Medical Tourism Market Analysis, Global Medical Tourism Market Forecast, Global Medical Tourism Market Future Outlook, Global Medical Tourism Market Growth, Global Medical Tourism Market Major Players, Global Medical Tourism Market Overview, Global Medical Tourism Market Research Report, Global Medical Tourism Market Revenue, Global Medical Tourism Market Share, Global Medical Tourism Market Trends, India Medical Tourism Market, Japan Medical Tourism Market, Medical Tourism Market, Medical Tourism Market Competitive Landscape, Medical Tourism Market Regional Analysis, Medical Tourism Market Segmentation, Medical Tourism Market Supply Chain, North America Medical Tourism Market, Orthopedics Treatment Market, Prince Court Medical Center Medical Tourism Market Share