Medical Tourism Market Projected to Garner a Revenue of $149.34

Medical Tourism Market

The medical tourism market is estimated to witness a tremendous growth due to increasing advanced machinery, qualified doctors, and low-cost overseas treatment programs across the world. The Asia-Pacific region is anticipated to have the most market growth opportunities during the forecast timeframe.

According to the report published by Research Dive, the global medical tourism market is expected to garner a revenue of $149.34 billion by 2026 and grow at a healthy CAGR of 12.4% over the analysis period from 2019-2026.

𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐒𝐚𝐦𝐩𝐥𝐞 𝐧𝐨𝐰 @

𝐃𝐲𝐧𝐚𝐦𝐢𝐜𝐬 𝐨𝐟 𝐓𝐡𝐞 𝐌𝐚𝐫𝐤𝐞𝐭

𝐃𝐫𝐢𝐯𝐞𝐫𝐬: Increasing levels of premium medical services at affordable prices are directly boosting economic growth. In addition, the emergence of several hospitals in developing nations has promoted health treatments at lower costs, attracting many patients across the world that will also favor tourism. Moreover, improving medical techniques and well-qualified doctors also lure patients to opt for medical tourism programs. These factors are estimated to drive the medical tourism market’s growth during the forecast period.

𝐑𝐞𝐬𝐭𝐫𝐚𝐢𝐧𝐭𝐬: Private hospitals charge high fees for treatments and surgeries, discouraging many patients worldwide from opting for medical tourism programs. This factor is expected to hinder the growth of the market during the forecast period.

𝐎𝐩𝐩𝐨𝐫𝐭𝐮𝐧𝐢𝐭𝐢𝐞𝐬: Surging demand for affordable treatments and other healthcare services in developing nations is expected to provide abundant opportunities for the growth of the medical tourism market during the forecast timeframe from 2019-2026.

𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐬 𝐨𝐟 𝐭𝐡𝐞 𝐌𝐚𝐫𝐤𝐞𝐭

The report has divided the medical tourism market into a couple of segments based on service type and regional analysis.

By service type, the cancer treatment sub-segment is estimated to be the most beneficial, growing at a healthy CAGR of 14.2% during the forecast timeframe. The rising number of cancer patients is directly improving the overseas travels for better treatments. Moreover, since cancer treatment is a long-time procedure, many patients are choosing countries that offer better medical services at affordable costs. These factors are expected to bolster the growth of the medical tourism market’s sub-segment by 2026.

By region, the Asia-Pacific region is expected to hold the highest market share and is predicted to grow at a CAGR of 12.2% during the analysis period. Increase in advanced machinery and healthcare facilities is estimated to drive the growth of medical tourism market in the Asia-Pacific region. In addition, affordable medical treatments and lesser government policies towards tourism is expected to further strengthen the medical tourism market’s development in the region during the forecast period.

𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐟𝐨𝐫 𝐂𝐮𝐬𝐭𝐨𝐦𝐢𝐳𝐚𝐭𝐢𝐨𝐧 @

𝐊𝐞𝐲 𝐌𝐚𝐫𝐤𝐞𝐭 𝐏𝐥𝐚𝐲𝐞𝐫𝐬

The key players of the medical tourism market include Prince Court Medical Center, Aditya Birla Memorial Hospital, Asian Heart Institute, UZ Leuven, Asklepios Kliniken GmbH, NTT Medical Center, Apollo Hospitals Enterprise Ltd., Bumrungrad International Hospital, Fortis Healthcare, KPJ Healthcare Berhad, and many more. These key participants of the market are developing strategies for product development, merger and acquisition, partnerships and collaborations to support the market growth.

The comprehensive report also summarizes many vital aspects including financial performance of the key players of the medical tourism market, SWOT analysis, product portfolio, and the latest strategic developments.

𝐂𝐨𝐧𝐭𝐚𝐜𝐭:

𝐌𝐫. 𝐀𝐛𝐡𝐢𝐬𝐡𝐞𝐤 𝐏𝐚𝐥𝐢𝐰𝐚𝐥

𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐃𝐢𝐯𝐞

𝟑𝟎 𝐖𝐚𝐥𝐥 𝐒𝐭. 𝟖𝐭𝐡 𝐅𝐥𝐨𝐨𝐫, 𝐍𝐞𝐰 𝐘𝐨𝐫𝐤 𝐍𝐘 𝟏𝟎𝟎𝟎𝟓

(𝐏) +𝟗𝟏-(𝟕𝟖𝟖)-𝟖𝟎𝟐-𝟗𝟏𝟎𝟑 (𝐈𝐧𝐝𝐢𝐚)

𝐓𝐨𝐥𝐥 𝐅𝐫𝐞𝐞: 𝟏-𝟖𝟖𝟖-𝟗𝟔𝟏-𝟒𝟒𝟓𝟒

𝐄-𝐦𝐚𝐢𝐥: [email protected]

𝐖𝐞𝐛𝐬𝐢𝐭𝐞: https://www.researchdive.com

𝐀𝐛𝐨𝐮𝐭 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐃𝐢𝐯𝐞:

Research Dive is a market research firm based in Pune, India. Maintaining the integrity and authenticity of the services, the firm provides services that are solely based on its exclusive data model, compelled by the 360-degree research methodology, which guarantees comprehensive and accurate analysis. With unprecedented access to several paid data resources, a team of expert researchers, and strict work ethic, the firm offers insights that are extremely precise and reliable.

Scrutinizing relevant news releases, government publications, decades of trade data, and technical & white papers, Research dive delivers the required services to its clients well within the required timeframe. Its expertise is focused on examining niche markets, targeting its major driving factors, and spotting threatening hindrances. Complementarily, it also has a seamless collaboration with the major industry aficionado that further offers its research an edge.

This release was published on openPR.