Global Medical Tourism Market Size, Segments, Outlook, and Revenue Forecast 2022-2028: 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 The Global Medical Tourism Market is expected to record a positive CAGR of ~15% during the forecast period (2022-2028) reaching ~US$ 100 billion by 2028, owing to an increase in demand for low-cost and high-quality treatment for the diagnosis and treatment of various diseases including cardiovascular, neurological, and others. For more information, request a free sample Key Growth Drivers The growing demand for low-cost medical treatment in developing countries and rising awareness about medical tourism among patients are some of the factors driving the market growth. The lack of healthcare insurance coverage and inadequate insurance benefits are anticipated to encourage patients to travel outside their country to seek high-quality and low-cost medical treatments, which is likely to boost the demand for the medical tourism market globally. The availability of high-quality treatment in developing countries along with growing demand for non-covered procedures including dental reconstruction, reproductive therapy, gender reassignment surgery, aesthetic surgery, and others, are expected to aid the growth of the Global Medical Tourism Market. The Global Medical Tourism Market faces challenges due to difficulty with patient follow-up and post-surgery complications. The difficulty in taking patient follow-up after treatment for any kind of infection, particularly antibiotic-resistant infections, or other safety risks is the most significant barrier to the growth of the Global Medical Tourism Industry. The COVID-19 pandemic negatively impacted the Medical Tourism Market owing to significant travel restrictions due to which patients were unable to seek medical treatments. Moreover, the pandemic created difficulties related to sharing patients’ medical information between domestic and overseas medical institutes due to the interruption of medical tourism. Key Trends by Market Segment: By Treatment Type: The oncology treatment segment held the largest share of the Global Medical Tourism Market in 2021, owing to the rising incidences of cancer globally. Medical tourism for the treatment of cancer is preferred due to expensive prolonged oncology treatments and the lack of advanced technologies in some countries, due to which patients choose to travel to other countries that offer advanced technology and low-cost treatment. The above-mentioned factor is expected to fuel the growth of the market. For more information, request a free sample By Service Provider: The private segment accounted for the largest share of the Global Medical Tourism Market in 2021, due to the availability of digital systems, advanced medical infrastructure, and value-based care at low cost. The increasing demand for private medical service providers offering high-class medical service is anticipated to attract tourists and propel the growth of the segment in the Global Medical Tourism Market. For more information, request a free sample By Geography: Asia-Pacific region accounted for the largest share of the Global Medical Tourism Market in 2021, due to the availability of inexpensive flights, low-cost treatment, and increasing marketing and availability of online information for medical services. The increase in government initiatives and investment to improve healthcare infrastructure coupled with the availability of quality care at a relatively low cost of treatment is expected to augment the growth of the region in the Global Medical Tourism Market. For more information, request a free sample Competitive Landscape The Medical Tourism Market is highly competitive with ~500 players that include globally diversified players, regional players as well as a large number of country-niche players having their niche in medical tourism. Country-niche players constitute ~93% of the market, while the regional players are the second largest by type. Some of the major players in the market include Aditya Birla Health Services Ltd., Apollo Hospitals Enterprise Ltd., Fortis Healthcare, Asian Heart Institute, KPJ Healthcare Berhad, Nippon Telegraph and Telephone East Corporation, Samitivej PCL, Wooridul Spine Hospital, Seoul National University Hospital, and Prince Court Medical Centre, among others. The leading global medical tourism companies such as KPJ Healthcare Berhad, Fortis Healthcare, Asian Heart Institute, and Wooridul Spine Hospital are highly focused on collaborating with governmental bodies, policymakers, travel agents, and others to maintain their position in the market. For more information, request a free sample Recent Developments Related to Major Players In September 2022, KPJ Healthcare Berhad collaborated with Tourism Johor to continue its efforts towards enhancing the visibility of health tourism. The company is focusing on offering high-quality service at affordable rates. In November 2019, Seoul National University Hospital was accredited for a three-year term by Global Healthcare Association (GHA) for its medical travel service program. The GHA’s flagship program helped the company to enhance its patient experience for medical travelers and improve productivity and business performance. Conclusion The Global Medical Tourism Market is forecasted to continue a rapid growth, primarily driven by the surging demand for high-quality treatment at affordable prices. The increasing initiatives by governmental bodies to improve the healthcare infrastructure and offer cutting-edge technology, better healthcare, breakthrough medicines, and improved hospitality is further fueling the growth of the market. Though the market is highly competitive with ~500 participants, country-niche players control the dominant market share. Note: This is an upcoming/planned report, so the figures quoted here for a market size estimate, forecast, growth, segment share, and competitive landscape are based on initial findings and might vary slightly in the actual report. Also, any required customizations can be covered to the best feasible extent for pre-booking clients, and the report delivered within a maximum of two working weeks. Ken Research has recently published report titled, Global Medical Tourism Market Size, Segments, Outlook, and Revenue Forecast 2022-2028. In addition, the report also covers market size and forecasts for the four region’s Medical Tourism Market. The revenue used to size and forecast the market for each segment is US$ billion. Market Taxonomy By Treatment Type Cardiovascular Treatment Orthopedic Treatment Cosmetic Treatment Bariatric Treatment Dental Treatment Oncology Treatment Infertility Treatment Neurological Treatment Others By Service Provider Public Private By Geography North America US Canada Mexico Costa Rica Europe Germany UK France Spain Belgium Austria Rest of Europe Asia-Pacific China Thailand South Korea India Indonesia Australia Malaysia Singapore TaiwanRest of Asia Pacific LAMEA Latin America Middle East Africa Key Players Aditya Birla Health Services Ltd. Apollo Hospitals Enterprise Ltd. Fortis Healthcare Asian Heart Institute KPJ Healthcare Berhad Nippon Telegraph and Telephone East Corporation Samitivej PCL Wooridul Spine Hospital Seoul National University Hospital Prince Court Medical Centre Post Views: 16 Tags: Aditya Birla Medical Tourism Market Share, Africa Medical Tourism Market Outlook, Apollo Hospitals Medical Tourism Services Revenue, Asia-Pacific Medical Tourism Market Revenue, Asian Heart Institute Medical Tourism Services Market, Cardiovascular Treatment Tourism Market, Competitors in Medical Tourism Market, Cosmetic Treatment Tourism Market, Emerging Companies in Medical Tourism Sector, Emerging Medical Tourism Hubs Globally, Emerging Medical Tourism Markets, Europe Medical Tourism Market Analysis, Financial Institutions in Medical Tourism, Fortis Healthcare Medical Tourism Services Market, Future of Medical Tourism Worldwide, Global Health Tourism Market, Global Healthcare Tourism Trends, Global Medical Tourism Companies, Global Medical Tourism Industry, Global Medical Tourism Industry Outlook, Global Medical Tourism Market, Global Medical Tourism Market Demand, Global medical tourism packages, Global Medical Tourism Sector Growth, Global Medical Tourists Market, Global Medical Touristy Market, Global Travel & Wellness Tourism Market, Health Tourism Investors, Health Tourism Market Analysis, Health-tech Companies in Medical Tourism, Healthcare Tourism Market, Hotel Chains Focused on Medical Tourists, International Health Investment Projects, international medical tourism market, International medical tourists Market, Investors in Medical Tourism Hospitals, Investors in Medical Tourism startup, KPJ Healthcare Berhad Medical Tourism Services Market, Latin America Medical Tourism Market Size, Leading Players in Medical Tourism Market, Major Companies in Medical Tourism Industry, Medical Care Tourism Market, Medical Equipment Manufacturers, Medical Tourism Industry, Medical Tourism Industry Challenges, Medical Tourism Industry Research reports, Medical Tourism Insurance Providing Companies, Medical Tourism Investors, Medical Tourism Market Challenges, Medical Tourism Market Future Outlook, Medical Tourism Market Growth, medical tourism market india, medical tourism market market, Medical Tourism Market Opportunities, medical tourism market report, medical tourism market research, Medical Tourism Market Research Reports, Medical Tourism Market Revenue, Medical Tourism Market Services, medical tourism market share, Medical Tourism Market Size, Medical Tourism Market Trends, Medical Tourism Service Providers, Medical Tourism Services Providing Companies, Medical Travel Market, Middle East Medical Tourism Market Forecast, Nippon Telegraph and Telephone East Medical Tourism Market, North America Medical Tourism Market Forecast, Oncology Treatment Tourism Market, Opportunities in Medical Tourism Market, Pharmaceutical Products Manufacturers, Prince Court Medical Centre Medical Tourism Services Market, Private Hospitals Chains in Medical Tourism, Samitivej PCL Medical Tourism Services Market Revenue, Seoul National University Medical Tourism Market, Surgical Tourism Market, Top Medical Tourism Companies Worldwide, Wooridul Spine Hospital Medical Tourism Services Market, Worldwide medical tourism market