Medical Tourism Market to grow by USD 16.88 billion from 2022 to 2027; market is fragmented due to the presence of prominent companies like Anadolu Medical Center, and Apollo International Ltd. and Asian Heart Institute, and many more – Technavio

NEW YORK, Nov. 22, 2023 /PRNewswire/ — The medical tourism market is estimated to grow by USD 16.88 billion from 2022 to 2027, declining at a CAGR of 16.04%. The medical tourism market is fragmented owing to the presence of many global and regional companies. A few prominent companies that offer medical tourism market are Anadolu Medical Center, Apollo International Ltd., Asian Heart Institute, Asian Institute of Medical Sciences, Asklepios Kliniken GmbH and Co. KGaA, Athina Global Health, Bangkok Chain Hospital Public Co. Ltd., Bangkok Dusit Medical Services Public Co. Ltd., BNH Medical Centre Co. Ltd., Bumrungrad Hospital Public Co. Ltd., Clalit Research Institute, Clemenceau Medical Center, Dr. B. L. Kapur Memorial Hospital, Global Health Ltd., IHH Healthcare Berhad, Min Sheng General Hospital, Raffles Medical Group Ltd., Spire Healthcare Group Plc, The Cleveland Clinic Foundation, and The Johns Hopkins Health System Corp.

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Company Offering:

Anadolu Medical Center – The company offers international medical facilities and care with 18 different medical representatives to assist the patients.Asian Heart Institute – The company offers medical tourism with booking appointments, medical visas, travel assistance, travel accommodation, and online money transfers.Asian Institute of Medical Sciences, – The company offers medical tourism for international patients through international pickup and drop, international cuisines, language interpreters, rehabilitation, accommodation assistance, and concierge services.For details on companies and their offerings – Buy the report!

By Geography, the market is classified as North America, APAC, Europe, Middle East and Africa, and South America.

North America is estimated to contribute 32% to the growth of the global market during the forecast period. Due to the availability of top-quality healthcare facilities in the US and Canada, North America’s healthcare tourism market continues to grow. The services offered by these centers include a range of treatments such as beauty and dental treatment, and cardiac and orthopedic procedures, which will attract international patients with exceptional medical care and state-of-the-art facilities.

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Impactful driver- Availability of low-cost treatment optionsKey Trend – Growing focus on technological advancementMajor Challenges – Lack of advanced infrastructure in developing nations

 Market Segmentation

Based on Type, the market is classified into cardiovascular treatment, cosmetic treatment, fertility treatment, orthopedics treatment, and others. The cardiovascular segment is estimated to witness significant growth during the forecast period. The rise in structural heart disease and coronary artery disease (CAD) cases has driven an increase in cardiovascular treatments. The demand for cardiovascular care has increased due to factors such as the aging population, diabetes, and obesity, leading to the adoption of advanced techniques by healthcare professionals.

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TOC:

1 Executive Summary

2 Market Landscape

3 Market Sizing

4 Historic Market Size

5 Five Forces Analysis

6 Market Segmentation by Type

7 Market Segmentation by Service Type 

8 Customer Landscape

9 Geographic Landscape

10 Drivers, Challenges, and Trends

11 Company Landscape

12 Company Analysis

13 Appendix

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SOURCE Technavio