Medical Tourism Market by Key Players, Growth, Regions and Forecast to 2023

Medical tourism market information: by treatment types (orthopedic/spine treatments, oncology/cancer treatments) – Forecast till 2023

Market Research Future adds new report of “Medical Tourism Market Research Report- Global forecast till 2023” it contains Company information, geographical data and Table of Content

The Market is forecasted to account for an upsurge accretion of USD 226,762.7 Million by 2023with a whooping double digit CAGR of 21.4% during 2017 and 2023.

Medical Tourism isn’t new to the world; from ages individuals have been voyaging abroad for restorative medications. However, finished the most recent couple of years the world is resounding with the term called Medical Tourism or medicinal travel. The scene for Medical Tourism has changed altogether attributable to a different reasons. The Medical Tourism showcase is blasting and anticipated that would increase facilitate noticeable quality over the estimate time frame credited to the monetary development over the globe. Monetary development is likewise in charge of the regularly changing inclinations of goals individuals go to.

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Asklepios Kliniken Verwaltungsgesellschaft mbH (Germany), Fortis Healthcare (India), Gleneagles Global Hospitals Group. (Singapore), Prince Court Medical Centre (Malaysia), Samitivej PCL (Thailand), Christus Muguerza (Mexico), and Anadolu Medical Center (Turkey) are some of the prominent players competing in the Global Medical Tourism Market and are profiled in MRFR Analysis.

As showed by a flow report appropriated by the Market Research Future, The overall market of Medical Tourism is foreseen to gather at a quick pace in the midst of the guess time period (2017 – 2023). The dazzling accumulations of Medical Tourism Market are attributed to the advanced and canny headways. The extending globalization, growing overall capital financing and movement in therapeutic development has provoked the headway of all inclusive human administrations organizations. Remedial Tourism Market is essentially determined by the Medical enormity close by overall accreditation. Growing affirm workplaces is a prime factor driving the market advancement of Medical Tourism. High treatment costs and long sitting tight conditions for helpful procedure, being the two main issue in driving therapeutic tourism, are in like manner maintained by less requesting and more affordable worldwide travel. While the U.K’s. people needs to head out abroad to sidestep long holds up, patients from the U.S. go outside for benefitting of drugs at more affordable costs.

Medical Tourism Market – Regional Analysis: The Asia Pacific region accounted for the largest share of the global medical tourism market, which had a lion share of 43.7% in 2016. This growth was attributed to heavy investment in infrastructure development, rising economy, technology up gradation, low cost and quality medical services, and government initiative to promote medical tourism in this region. Medical Tourism Market in India is booming attributed to the latest, low-cost technologies. The industry has evolved into a fully-fledged luxury market. Latest medical technologies in Indian hospitals at a lower cost is majorly contributing towards the country emerging as the premier Medical Tourism hub of the world. Treatments provided in India from accredited facilities are at par with any developed country in the world but at a lower cost, thus making giving Medical Tourism a competitive advantage over others. The digitisation in the health industry will also make the flow of foreign patients easier in the upcoming time.

America holds the second position in the medical tourism, which is followed by Europe. Central and South American countries such as Mexico, Costa Rica, and Brazil are some of the most popular destinations for Americans and Canadians. The American medical tourism market is expected to grow till USD 102,496.8 million at a CAGR of 22% by end of the 2023.

Europe is the growing market for the medical tourism. Since people from Western Europe are traveling to America to seek cost-effective treatments, which has relaxed the growth of the market.

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