The Business Research Company’s latest report Medical Tourism Global Market Report 2020 covers Medical Tourism market drivers, Medical Tourism market trends, Medical Tourism market segments, Medical Tourism market growth rate, Medical Tourism market major players, and Medical Tourism market size. The report provides in-depth analysis of the impact of COVID-19 on the Medical Tourism industry, along with revised market numbers due to the effects of the coronavirus.
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Medical Tourism Global Market Report 2020 is the most comprehensive report available on this market and will help gain a truly global perspective as it covers 60 geographies. The chapter on the impact of COVID-19 gives valuable insights on supply chain disruptions, logistical challenges, and other economic implications of the virus on the market. The chapter also covers markets which have been positively affected by the pandemic.
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The global medical tourism market is expected to decline from $37.72 billion in 2019 to $19.8 billion in 2020 at a compound annual growth rate (CAGR) of -47.53%. The decline is mainly due to the COVID-19 outbreak that has led to restrictive containment measures involving social distancing, remote working, restriction on cross-border travel and the closure of industries and other commercial activities. The ban on cross-border travel reduces the number of international patients, impacting the market. The market is then expected to recover and reach $33.54 billion in 2023 at CAGR of 19.2%.
The report covers the medical tourism market’s segments-
1) By Treatment Type: Cosmetic Treatment, Dental Treatment, Cardiovascular Treatment, Orthopedics Treatment, Bariatric Treatment, Fertility Treatment, Ophthalmic Treatment, Others.
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