Medical Tourism Market Overview: Medical Tourism Market size was worth USD 63.89 Billion in 2021, accounting for a CAGR of 17.9% during the forecas
Medical Tourism Market Overview:
Medical Tourism Market size was worth USD 63.89 Billion in 2021, accounting for a CAGR of 17.9% during the forecast period (2022-2030), and the market is projected to be worth USD 207.00 Billion by 2030.
The research report on the Medical Tourism Market delivers crucial information to the buyers for strengthening their market presence and ultimately create strong presence in the minds of their customers for the forecast period 2022- 2030. Essentially, the in-depth report contains insights on various aspects, such as product type, several applications of the product, various industries using the product, and more. This helps the buyers and stakeholders in planning effective strategies for their business and expand clientele on the global scale.
The report commences with current market size held by the market, globally and the expected market share in the next seven years. Also, with the help of CAGR, business owners can meritoriously decide on numerous factors like production volume, product or service delivery approaches, marketing tactics, resource planning, and more in order to gain better return on investment. CAGR also clearly specifies the steady or fast growth rate made by the market, so that the strategists can rightly forecast crucial figures for business growth.
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The medical tourism market refers to the industry that involves individuals traveling to foreign countries to obtain medical treatment, usually at a lower cost than in their home country, while also taking advantage of the opportunity to travel and experience a new destination. Medical tourism typically involves elective procedures such as cosmetic surgery, dental procedures, fertility treatments, and elective surgeries like joint replacement or cardiac surgery.
Some of the companies that are profiled in this report are:
- Apollo Hospitals Enterprise Limited
- Aditya Birla Health Services Ltd
- Asian Heart Institute
- Fortis Healthcare Limited
- KPJ Healthcare Berhad
- Prince Court Medical Centre
- Wooridul Spine Hospital
- Samitivej PCL
- Bumrungrad International Hospital
- Livonta Global Pvt.Ltd
By Service Type
Medical Treatment (Dental Treatment, Cardiovascular Treatment, Orthopedic Treatment, Cancer Treatment, Ophthalmic Treatment, Neurological Treatment, and Others), Wellness Treatment (Cosmetic Treatment, Rejuvenation Procedures, Hair Transplant Treatment, and Others), and Others (Alternative Treatment)
By Provider Type
Private and Public
By Age group
Senior Citizens, Minors, and Adults
North America– (U.S., Canada, Mexico)
Europe– (Germany, France, U.K., Russia, Italy, Spain, BENELUX, Rest of Europe)
Asia Pacific– (China, Japan, India, South Korea, Australia, ASEAN, Rest of Asia Pacific)
Latin America– (Brazil, Argentina, Chile, Rest of Latin America)
The Middle East and Africa– (GCC, Turkey, Israel, Rest of MEA)
Report on the Medical Tourism Market Demand throws light on the list of factors that drive the market, hampering factors, few challenges to be considered by business, and opportunities that will guide the profiled players for expanding their product portfolio and eventually create niche market. Our proficient researchers have also studied the Medical Tourism Market’s key strengths and weaknesses with the help of strategic management models for the existing businesses to decide on various approaches and for the new entrants to consider few factors before entering the industry
The study provides answers to the following key questions
- What type of customers buying the products and services from companies operating in the Medical Tourism Market?
- What will be the roadmap for the product manufacturers operating in the Medical Tourism Market industry for the forecast period, 2022 to 2030?
- What are the recent developments in the competitive landscape to look out for during the estimated period?
- What are the major trends influencing customers’ lives and their buying behaviour?
- How can brands best communicate with the customers they intend to target?
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