Health Tourism Market With Current and Future Growth Analysis by Forecast From 2023 to 2029
Health tourism, also known as medical tourism or medical travel, is the practice of traveling to a foreign country to receive medical treatment, surgery, or procedures. The health tourism market refers to the economic activity associated with this industry, including the provision of medical services, transportation, accommodation, and other related services.
The global health tourism market has been growing rapidly in recent years, driven by factors such as rising healthcare costs in developed countries, longer waiting times for medical procedures, and the availability of high-quality medical facilities and skilled healthcare professionals in developing countries. The global health tourism market was valued at $81.2 billion in 2019 and is expected to reach $273.7 billion by 2027, growing at a CAGR of 15.2% from 2020 to 2027.
Patients seeking health tourism services can be divided into two categories: those who travel for elective procedures and those who travel for urgent medical care. Elective procedures are typically not covered by insurance and are often sought by patients who are looking for high-quality medical care at a lower cost. Urgent medical care, on the other hand, is often sought by patients who face long waiting times for treatment in their home country.
The health tourism market faces some challenges, including concerns about quality and safety of care, language barriers, and ethical considerations. However, with the growing demand for affordable, high-quality medical care and the increasing availability of telemedicine and other technologies, the health tourism market is expected to continue to grow in the coming years.
Top Key Players Profiled in this report:
- ADITYA BIRLA HEALTH SERVICES
- AMERICAN MEDICAL CARE
- Apollo Hospitals Enterprise
- BB Healthcare Solutions
- Berkalp
- Fortis Healthcare
- Hospital Galenia
- KPJ HEALTHCARE BERHAD
- MEDIC ABROAD
- Samitivej
- UZ LEUVEN
The report makes use of the market data sourced from the year 2015 to 2020 while the market analysis aims to forecast the market up to the year 2029. The various strategic developments have been studied to present the current market scenario.
Segmental Analysis
The market study contains the division of the overall market into different regional segments according to the key geographic regions. The whole of the Health Tourism Market has been covered with regards to the key countries and regions. Using the results from the regional analysis, the report also presents a forecast for the local markets. The market presence of manufacturers and key players have also been studied. All the major regions in the market have been covered with broad segments including North America, South America, Asia-Pacific, the Middle East, Europe, and Africa. The other major segmentations on the market cover the product types and end-user applications.
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Market Segment by Regions, regional analysis covers
North America (United States, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy)
Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
South America (Brazil, Argentina, Colombia etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
Market Dynamics
The various factors that can boost the Health Tourism Market growth in the current scenario as well as in the coming years have been discussed in detail. The interplay of demand and supply forces in this market along with the factors affecting them have been analyzed. The internal and external factors affecting the market in terms of growth have been studied by this market study. The pricing policies used and the effect they have on the consumption behaviour have been studied for various regions of the Health Tourism Market. The study conducted looks at the upstream as well as the downstream aspects of the market.
Research objectives:
- To study and analyze the global Health Tourism Market size by key regions/countries, product type and application, history data from 2017 to 2022, and forecast to 2029.
- To understand the structure of Health Tourism Market by identifying its various sub segments.
- Focuses on the key global Health Tourism players, to define, describe and analyze the value, market share, market competition landscape, SWOT analysis and development plans in next few years.
- To analyze the Health Tourism with respect to individual growth trends, future prospects, and their contribution to the total market.
- To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
- To project the size of Health Tourism submarkets, with respect to key regions (along with their respective key countries).
- To analyze competitive developments such as expansions, agreements, new product launches and acquisitions in the market.
- To strategically profile the key players and comprehensively analyze their growth strategies.
- The report lists the major players in the regions and their respective market share on the basis of global revenue. It also explains their strategic moves in the past few years, investments in product innovation, and changes in leadership to stay ahead in the competition. This will give the reader an edge over others as a well-informed decision can be made looking at the holistic picture of the market.
Table of Contents: Health Tourism Market
Chapter 1: Overview of Health Tourism Market
Chapter 2: Global Market Status and Forecast by Regions
Chapter 3: Global Market Status and Forecast by Types
Chapter 4: Global Market Status and Forecast by Downstream Industry
Chapter 5: Market Driving Factor Analysis
Chapter 6: Market Competition Status by Major Manufacturers
Chapter 7: Major Manufacturers Introduction and Market Data
Chapter 8: Upstream and Downstream Market Analysis
Chapter 9: Cost and Gross Margin Analysis
Chapter 10: Marketing Status Analysis
Chapter 11: Market Report Conclusion
Chapter 12: Research Methodology and Reference
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