Astute Analytica’s most recent report on Medical Tourism Market research explores a wide range of particular, important, and enticing market and industry elements. All of the report’s findings, data, and information were confirmed and revalidated by our sources for market research. An in-depth analysis of the market was carried out by the report’s authors using a research and study methodology that was best in class for the industry. This study analyses industry trends in each sub-segment and anticipates demand, trends, and revenue growth for the local and national markets from 2022 through 2027.

This analysis examines market factors such as market size, economic conditions, market dynamics, and projections. It also offers in-depth details on particular rivals, extension opportunities, and important market drivers. The Medical Tourism Market research is divided into companies, regions, types, and applications.

The Global Medical Tourism Market is registering a tremendous compound annual growth rate (CAGR) of 12% during the forecast period 2022 to 2027.

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Regional Analysis:

According to the United States, Bureau of Labor Statistics, healthcare employment is likely to grow 16% from 2020 to 2030, much faster than the average for all occupations, with about 2.6 million new jobs. This projected increase is primarily due to an aging population, which indicates a higher demand for healthcare services. In May 2021, the median annual wage for healthcare practitioners and technical sectors (such as registered nurses, physicians and surgeons, and dental hygienists) was US$ 75,040, which was higher than the economy’s median annual wage of US$ 45,760.

COVID-19 Impact:

Global COVID-19 cases have climbed above 516 million as of May 2022, and the death toll has exceeded 6.25 million. COVID-19 has disproportionately impacted specific racial and ethnic minority groups, as well as underserved and marginalized communities, highlighting the persistent challenges of health equity and health outcomes.

As sector players and the customers, they serve to adapt to a new world of remote working, virtual doctor visits, and a supply chain plagued by shortages of medical goods, employees, and services, the sector is reforming to become more customer-centric.’

Major Key Players in Medical Tourism Market are:

  • Apollo Hospitals
  • Asian Heart Institute
  • Barbados Fertility Center
  • BB Health Solutions
  • Cosmedic Travel
  • Dar Al SCosmetichifa Hospital
  • Fortis Healthcare Limited
  • Healthbase
  • Klinikum Medical Link
  • KPJ Healthcare Behard
  • Medretreat
  • Raffles Medical Group
  • Seoul National University Hospital
  • Wooridul Spine Hospital

Segmental Analysis:

The segmentation section of the report focuses on every segment, along with highlighting the ones having a strong impact on the Medical Tourism Market. The segmentation served as the foundation for finding businesses and examining their financial standings, product portfolios, and future growth potential. The second step entailed evaluating the core competencies and market shares of top firms in order to predict the degree of competition. A bottom-up method was used to assess the market’s overall size.

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Segmentation Overview

By Type

  • Outbound Medical Tourism
  • Inbound Medical Tourism
  • Domestic Medical Tourism

By Purpose

  • Advanced Technology
  • Improved care quality
  • Quicker access
  • Lower cost

By Application/Treatment type

  • Cardiovascular Surgery
  • Orthopedic Surgery
  • Oncology Treatment
  • Bariatric Surgery
  • Cosmetic Surgery
  • Dental Surgery
  • Fertility Treatment
  • Others

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