The global medical
tourism market size is expected to reach USD 131.35 billion by
2025, according to a new report by Grand View Research, Inc., expanding at a
CAGR of 20.24% during the forecast period. Growing geriatric population coupled
with improving accessibility of high-quality and low-cost medical
services/procedures are likely to augment the market during the forecast
period.
Furthermore, countries such as Thailand, India, and
Singapore are home to several tourist attraction spots, which help medical
tourists to relax and recover after a medical procedure. This is, thereby,
working in favor of the overall market. For instance, in May 2017, Malaysia won
the Health and Medical Tourism Destination of the year award by the
International Medical Travel Journal.
The medical tourism market is witnessing a high growth
due to rising advertising and marketing of medical facilities coupled with
increasing government investments in healthcare infrastructure. Apollo
Hospital, headquartered in Chennai, India, is located in 60 locations across
the nation and has its own health insurance scheme.
Browse full research report on Medical Tourism Market: https://www.grandviewresearch.com/industry-analysis/medical-tourism-market
Further
key findings from the report suggest:
- Thailand is projected to remain at the forefront of the market
during the forecast period. This can be attributed to availability of
popular treatments such as cosmetic surgery and dental treatment. Around
37 private hospitals are accredited by JCI in Thailand with excellent
service. Availability of low-cost, high-quality services provided by
private medical centers is poised to help the market in Thailand thrive
- Singapore is also a prominent medical tourism destination in the
global arena due to availability of most advanced diagnostic equipment, an
efficient healthcare system with high-quality care, and internationally
accredited hospitals
- The market in India is estimated to experience significant growth
over the coming years owing to increasing healthcare investments, an array
of offerings such as Unani, yoga, meditation, Ayurveda, and Homeopathic
treatments. Cardiac surgeries, cosmetic surgeries, orthopedic, dental
care, organ transplant, infertility, and surrogacy are some of the popular
treatments among medical tourists in India. Patients coming to India are
mostly from Afghanistan, the Middle East and Africa, Bhutan, the U.S.,
Bangladesh, Maldives, Pakistan, and Sri Lanka
- Some of the key players are Apollo Hospitals Enterprise Limited,
Bumrungrad International Hospital, KPJ Healthcare Berhad, Fortis
Healthcare, Samitivej Hospital, Raffles Medical Group, and Prince Court
Medical Center.
Browse more reports of this category
by Grand View Research: https://www.grandviewresearch.com/industry/healthcare
Grand
View Research has segmented the global medical tourism market based on country:
Medical
Tourism Country Outlook (Revenue, USD Million, 2014 - 2025)
- Costa Rica
- Mexico
- India
- Thailand
- Malaysia
- Singapore
About Grand View
Research
Grand View Research, Inc. is a U.S. based market
research and consulting company, registered in the State of California and
headquartered in San Francisco. The company provides syndicated research
reports, customized research reports, and consulting services. To help clients
make informed business decisions, we offer market intelligence studies ensuring
relevant and fact-based research across a range of industries, from technology
to chemicals, materials and healthcare.
For more information: www.grandviewresearch.com
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