Global Medical Tourism Report 2024: Medical Tourism Emerges Stronger Post Pandemic with Many Pandemic-Induced Changes to Healthcare Delivery Models Staying On

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
• Apollo Hospitals Enterprise Ltd.
• Asian Heart Institute
• Barbados Fertility Center
• Fortis Healthcare Ltd.
• NTT Medical Center Tokyo
• Prince Court Medical Centre
• Samitivej Sukhumvit Hospital
• Seoul National University Hospital
• UZ Leuven
• Wooridul Hospital

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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