HomePress ReleaseEIN PresswireMedical Tourism Market Size Predicted to Hit USD 273.72 billion, Globally, by...

Medical Tourism Market Size Predicted to Hit USD 273.72 billion, Globally, by 2027 at 12.8% CAGR, Says AMR

Medical Tourism 2024

A rise in incidence of most cancers and different critical illnesses is anticipated to drive the demand for healthcare companies, which is anticipated to enhance the market.

PORTLAND, OREGON, UNITED STATES, October 6, 2023 / — Medical tourism could be outlined as organized journey throughout worldwide borders to avail medical remedy of some kind, which can or is probably not accessible within the vacationers’ dwelling nation. Medical vacationers journey throughout worldwide borders for the upkeep, enhancement, or restoration of their well being via inexpensive healthcare amenities & therapies accessible in different international locations, that are comparatively costly in their very own nation. Medical vacationers journey to obtain medical therapies reminiscent of dental remedy, neurological remedy, and cardiovascular remedy.

Allied Market Analysis printed a report, titled, “Medical Tourism Market by Therapy Sort (Dental Therapy, Beauty Therapy, Cardiovascular Therapy, Orthopedic Therapy, Neurological Therapy, Most cancers Therapy, Fertility Therapy, and Others): International Alternative Evaluation and Trade Forecast, 2019-2027.” In accordance to the report, the worldwide Medical Tourism Market Size was Valued at USD 104.68 billion in 2019 and is Projected to Garner USD 273.72 billion by 2027 registering a CAGR of 12.8% from 2020 to 2027.

𝐓𝐨𝐩 𝐌𝐞𝐝𝐢𝐜𝐚𝐥 𝐓𝐨𝐮𝐫𝐢𝐬𝐦 𝐂𝐨𝐦𝐩𝐚𝐧𝐢𝐞𝐬

• Aditya Birla Memorial Hospital
• Apollo Hospitals Enterprise Restricted
• Asian Coronary heart Institute
• Barbados Fertility Heart
• Fortis Healthcare Restricted
• KPJ Healthcare Berhad
• NTT Medical Heart Tokyo
• Prince Courtroom Medical Centre
• Samitivej PCL
• Seoul Nationwide College Hospital
• Wooridul Backbone Hospital.

𝐆𝐞𝐭 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐃𝐅 𝐑𝐞𝐩𝐨𝐫𝐭 𝐰𝐢𝐭𝐡 𝐆𝐫𝐚𝐩𝐡𝐬 𝐚𝐧𝐝 𝐅𝐢𝐠𝐮𝐫𝐞𝐬 𝐇𝐞𝐫𝐞:

𝐌𝐞𝐝𝐢𝐜𝐚𝐥 𝐓𝐨𝐮𝐫𝐢𝐬𝐦 𝐌𝐚𝐫𝐤𝐞𝐭 𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐚𝐭𝐢𝐨𝐧

Based mostly on know-how, the most cancers remedy phase accounted for the biggest share in 2019, with practically one-fifth of the worldwide medical tourism market. That is attributed to enhance within the variety of cross-border vacationers looking for high quality most cancers remedy and decreased price in numerous international locations. However, the orthopedic remedy phase is projected to register the very best CAGR of 14.8% throughout the forecast interval. Orthopedic remedy is likely one of the broadly carried out companies globally. This issue drives the expansion of the phase.
Based mostly on area, the worldwide medical tourism market throughout Asia-Pacific dominated in 2019, with greater than one-third of the market. Moreover, the area can be anticipated to manifest the very best CAGR of 13.6% throughout the forecast interval. That is owing to the provision of high quality care at comparatively low price of therapies, cheap flights, and enhance in advertising and marketing & on-line client details about the accessibility of medical companies. On the similar time, the market throughout North America is anticipated to develop at a CAGR of 11.4% throughout the forecast interval.

𝐖𝐡𝐚𝐭 𝐚𝐫𝐞 𝐭𝐡𝐞 𝐝𝐫𝐢𝐯𝐢𝐧𝐠 𝐟𝐚𝐜𝐭𝐨𝐫𝐬 𝐟𝐨𝐫 𝐭𝐡𝐞 𝐌𝐞𝐝𝐢𝐜𝐚𝐥 𝐓𝐨𝐮𝐫𝐢𝐬𝐦 𝐌𝐚𝐫𝐤𝐞𝐭?

Improve in incidence of persistent ailments, surge in variety of surgical procedures worldwide, and demand for minimally invasive surgical procedures drive the expansion of the worldwide surgical sutures market. Nonetheless, availability of different wound care administration merchandise hinder the market development. Contrarily, development in applied sciences and untapped potential from rising international locations are anticipated to create new alternatives within the subsequent few years.

Buy the Report:

Key Advantages For Stakeholders

• This report entails an in depth quantitative evaluation of the present medical tourism market tendencies from 2022 to 2032 to determine the prevailing alternatives.
• Medical tourism market dimension and estimations are primarily based on complete evaluation of the important thing developments within the business.
• In-depth evaluation primarily based on area assists to perceive the regional market and the strategic enterprise planning.
• The profiles and development methods of the important thing gamers are totally analyzed to perceive the aggressive outlook of the worldwide market.

Our Market Analysis Answer Offers You Reply to Under Talked about Query:

• That are the driving elements answerable for the expansion of market?
• That are the roadblock elements of this market?
• What are the brand new alternatives, by which market will develop in coming years?
• What are the tendencies of this market?
• That are essential elements answerable for new product launch?
• How huge is the worldwide & regional market by way of income, gross sales and manufacturing?
• How far will the market develop in forecast interval by way of income, gross sales and manufacturing?
• Which area is dominating the worldwide market and what are the market shares of every area within the total market in 2022?
• How will every phase develop over the forecast interval and the way a lot income will these segments account for in 2030?
• Which area has extra alternatives?

By Area Outlook

• North America
(U.S., Canada, Mexico)
• Europe
(Germany, France, UK, Italy, Spain, Remainder of Europe)
• Asia-Pacific
(Japan, China, India, Remainder of Asia-Pacific)
(Brazil, Saudi Arabia, South Africa, Remainder of LAMEA)

Contact Particulars:

David Correa
USA/Canada (Toll Free): +1-800-792-5285, +1-503-894-6022

About Us

Allied Market Analysis (AMR) is a full-service market analysis and business-consulting wing of Allied Analytics LLP primarily based in Portland, Oregon. Allied Market Analysis supplies international enterprises in addition to medium and small companies with unmatched high quality of “Market Analysis Stories” and “Enterprise Intelligence Options.” AMR has a focused view to present enterprise insights and consulting to help its purchasers to make strategic enterprise selections and obtain sustainable development of their respective market area.

David Correa
Allied Analytics LLP
+ +1 800-792-5285
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