Global Medical Tourism Market is anticipated to reach US$ 65.66 Bn. by 2029 from US$ 17.49 Bn. in 2022 at a CAGR of 20.80% during a forecast period.
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Medical Tourism Market Overview:
The “Global Medical Tourism Market Analysis” is a detailed examination of the Medical Tourism market, with an emphasis on global market trends and analysis. The purpose of this research is to offer an overview of the Medical Tourism industry as well as complete market segmentation by segment and geography. Over the forecast period, the Medical Tourism market is predicted to increase substantially. The study includes key data on the market positions of the top Medical Tourism organizations, as well as significant industry trends and prospects.
Market Scope:
Top-down and bottom-up approaches are used to validate the market size and estimate market size by segment. The market estimations in the research are based on the sale price (excluding any discounts provided by the manufacturer, distributor, wholesaler, or traders). Weights based on usage rate and average sale price are applied to each area to generate percentage splits, market shares, and segment breakdowns. The country-wise divisions of the overall market and its sub-segments are determined by the percentage adoption or usage of the specified market Size in the relevant area or nation.
Segmentation:
Based on treatment type, the cosmetic treatment market share in 2022 was xx percent. Most health insurance plans do not cover cosmetic surgery, and foreign patients find it more enticing because it is more affordable in other countries. By traveling to locations where these procedures are carried out at a cheaper cost and taking advantage of free activities in the destination state, they are able to save money.
Key Players:
Primary and secondary research is used to identify industry giants, while primary and secondary research is used to estimate market revenue. In-depth interviews with thought leaders and industry professionals, including experienced front-line staff, CEOs, and marketing specialists, were conducted as part of the core study. The secondary study included an analysis of annual and financial reports from well-known manufacturers. Secondary data is used to compute percentage splits, market shares, growth rates, and worldwide market breakdowns, which are then compared to original data. The firms listed below are involved in the Medical Tourism industry.
1. Fortis Hospital
2. Gleneagles Hospital
3. Asklepios Klink Barmbek
4. Wooridul Spine Hospital
5. Prince Court Medical centre
6. Anadolu Medical Centre
7. Clemenceau Medical centre
8. Raffles Medical Group
9. Bumrungrad International Hospital
10. Bangkok Hospital Medical Center
11. Asian Heart Institute
12. KPJ Healthcare Berhad
13. Samitivej Sukhumvit
14. Apollo Hospitals Enterprise Limited
15. Min-Sheng General Hospital.
16. Fortis Hospitals
17. KTQ International
18. SafeCare
19. Asian Heart Institute
20. KPJ Healthcare Berhad
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Regional Analysis:
The research focuses on geographic analysis, which is further divided into sub-regions and nations. This component of the research includes profit estimates and market share figures for each nation. This section of the research looks at each region’s and country’s share and growth rate throughout the anticipated time period.
After analyzing political, economic, social, and technological factors affecting the Medical Tourism market in various sectors, the research presents a complete PESTEL analysis for all five regions, including North America, Europe, Asia Pacific, the Middle East, Africa, and South America.
COVID-19 Impact Analysis on Medical Tourism Market:
The COVID-19 virus has altered customer behavior in all aspects of society. Businesses, on the other hand, must adjust their strategy to account for shifting market supply. This analysis gives an outline of COVID-19’s impact on the Medical Tourism market and will help you build your business in compliance with the new industry standards.
The Medical Tourism Market Report presents thorough research spanning from the agile supply chain and trade limitations to regional government regulations and the firm’s future influence under the COVID-19 Impact section. Primary market research (2023-2029), examples of venture rivalry, the advantages and disadvantages of huge business channels, and industry growth trends (2023-2029) are all offered.
Key Questions Answered in the Medical Tourism Market Report are:
- What is the size of the Medical Tourism market?
- Which regional market will take the lead in the next years?
- Which application category is likely to grow the most quickly?
- What growth prospects could exist in the Medical Tourism business in the next years?
- What would be the most significant future obstacles for the Medical Tourism market?
- Who are the market leaders in the category Medical Tourism?
- What are the key trends impacting market growth?
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