Global Medical Tourism Report 2024: Medical Tourism Emerges Stronger Post Pandemic with Many Pandemic-Induced Changes to Healthcare Delivery Models Staying On
29 Mar 2024
DUBLIN, March 29, 2024 /PRNewswire/ -- The "Medical Tourism - Global Strategic Business Report" has been added to
ResearchAndMarkets.com's offering.
The global market for Medical Tourism estimated at US$108.1 Billion in the year 2023, is projected to reach a revised size of US$264.4 Billion by 2030, growing at a CAGR of 11.8% over the analysis period 2023-2030.
Cardiovascular Treatment, one of the segments analyzed in the report, is projected to record 9% CAGR and reach US$45.6 Billion by the end of the analysis period. Growth in the Cancer Treatment segment is estimated at 11.6% CAGR for the next 8-year period.
The Medical Tourism market in the U.S. is estimated at US$30.5 Billion in the year 2023. China, the world's second largest economy, is forecast to reach a projected market size of US$46.7 Billion by the year 2030 trailing a CAGR of 16.2% over the analysis period 2023 to 2030.
Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 8.2% and 9.9% respectively over the 2023-2030 period. Within Europe, Germany is forecast to grow at approximately 10.3% CAGR.
Key Market Trends & Drivers
Medical Tourism Getting Transformed by the Technology of Artificial Intelligence
Artificial Intelligence: The Pill of Choice for Radical Evolution of Medical Tourism
Technological Advancements to Benefit the Medical Tourism Industry
IR 4.0 Technologies to Propel Growth of Medical Tourism
Medical Tourism Destinations to Win Competition Based on Adoption of the Most Disruptive Technologies
Medical Tourism Emerges Stronger Post Pandemic with Many Pandemic-Induced Changes to Healthcare Delivery Models Staying On
Medical Tourism Market on Fast Track to Glory with Interplay of Dynamic Trends
Rising Healthcare Costs Drive Demand for Medical Tourism
Aging Population to Propel the Demand for Medical Tourism
Unprecedented Spike in CAD Cases Drives the Medical Tourism Market
Ageing Demographics and Longer Life Expectancy Bolsters Market Growth
Rising Healthcare Expenditure: Opportunities in Store
Diabetics at Higher Risk of Heart Diseases to Propel Market Demand
Significant Increase in Number of Patients Suffering from Chronic Diseases Fuel Demand for Medical Tourism
Rise in Geriatric & Disabled Population Fuels Need for Medical Tourism
Increasing Incidence of Musculoskeletal Disorders and Chronic Medical Conditions Propels Market Growth
Fertility Medical Tourism Continues to Rise Amid Controversies
Growing Popularity of Beauty & Wellness & Post Pandemic Optimism for a Recovery Bodes Well for Medical Tourism
Efforts to Push Beauty & Wellness Tourism
Beauty & Wellness Tourism to Attain Greater Heights in Post-Pandemic Era
Rise in Dental Tourism Across Emerging Nations: A Significant Growth Opportunity
Challenges Facing the Medical Tourism Industry
The report covers 160 key competitors in the industry. A selection of featured companies include:
Aditya Birla Memorial Hospital
Barbados Fertility Center
NTT Medical Center Tokyo
Samitivej Sukhumvit Hospital
UZ Leuven
Key Report Features
Full access to influencer engagement stats
Free access to digital archives & research platform. The proprietary platform is fully enabled to unlock creativity and market knowledge of domain experts worldwide in a cohesive and collaborative manner. The state-of-art tools bring world class market perspectives while protecting participants` privacy and identity. Numbers, statistics and market narrative in the report are based on fully curated insights shared by domain experts and influencers in this space.
Opportunity to engage with interactive questionnaires that come with real-time data simulator tools & bespoke report generation capabilities
Full client access to peer collaborative and interactive platform for cross-enterprise smart exchange of ideas
Complimentary report updates for one year
Competitor coverage with global market shares of major players
Player market presence analysis (Strong/Active/Niche/Trivial) across multiple geographies
Access to curated YouTube video transcripts of domain experts/influencer interviews, podcasts, press statements and event keynotes
Key Topics Covered:
I. METHODOLOGY
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
Global Economic Update
Although Declining for the First Time Since the Russia-Ukraine War, Global Oil Prices Still Remains Higher Than 2019 Levels Which In Turn Will Take Inflation Longer Than Expected to Fall: Global Average Annual Brent Crude Oil Price (In US$ Per Barrel) for Years 2017 through 2024
Slower Than Anticipated Decline Makes Inflation a Stickier Than Expected Problem to Solve in 2023: Global Inflation Rates (In %) for the Years 2019 through 2024
Global Economy Slowly Limps Towards Recovery, Resiliently Navigating the War & Decades-High Inflation: World Economic Growth Projections (Real GDP, Annual % Change) for the Years 2020 Through 2024
Inflation Battling Policy Measures to Slowdown Post Pandemic Recovery in Unemployment Rates: Global Number of Unemployed People (In Million) for Years 2019 Through 2024
How the Healthcare Industry Has Been Impacted by the Pandemic & What's the New Normal?
With the COVID-19 Pandemic Exposing Global Healthcare Unpreparedness, There is Increasing Policy Led Focus on Rebooting Health Systems Worldwide: Healthcare Costs as a % of GDP by Country for the Years 2020 & 2023
Competitive Scenario
Medical Tourism - Global Key Competitors Percentage Market Share in 2023 (E)
Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2023 (E)
Medical Tourism: A Prelude
Medical Tourism: A Sheer Force Aiding Transformative Backdrop for Healthcare Sector
Medical Procedures as Strong Pillars at Foundation of Medical Tourism Castle
Medical Tourism & Investment Migration Programs Open Exciting Economic Avenues
Medical Tourism: Revolutionizing Patient Experiences
Medical Tourism Experiencing Rapid Growth
Major Drivers and Challenges in the Medical Tourism Industry
Technology Trends to Influence Market Uptake
Role of Digital Technology in Reshaping the Medical Tourism Industry
Hybrid Medical Tourism Experience - The Future
Private Sector Dominates the Industry
Star Performers of the Pulsating Medical Tourism Landscape
Innovation Drives Malaysia's Medical Tourism
USA: Prime Medical Tourism Destination
UK and Germany: A Lucrative Medical Tourism Market
Chinese Medical Tourism Outlook
South Korea to Impact the Market Growth of Medical Tourism
Technological Advancements Changing The face of Health Tourism in Asia and South America
Recent Market Activity
Influencer Market Insights
Select Global Brands
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
United States
Canada
Japan
China
Europe
France
Germany
Italy
United Kingdom
Spain
Turkey
Rest of Europe
Asia-Pacific
India
South Korea
Thailand
Rest of Asia-Pacific
Latin America
Brazil
Mexico
Rest of Latin America
Middle East
Africa
IV. COMPETITION
For more information about this report visit https://www.researchandmarkets.com/r/7l6ni8
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