The COVID-19 crisis has negatively impacted the global medical tourism market. Governments are taking initiatives to help patients find medical care and the market is expected to expand by May 1/2. Recover in the second quarter of 2022.

The COVID-19 pandemic has had a massive impact on the global medical tourism market, and the growth rate is slightly down compared to previous projections. According to Research Dive’s new published report, the global medical tourism market is projected to grow 11.7% through 2026, with sales of US $ 142.2 billion in the forecast period from 2019 to 2026. While growth is declining due to the COVID-19 outbreak, the market is likely to recover by Q1 / Q2 2022.

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• Highlights of the report

According to our analysts, increasing people’s interest coupled with technological advancement in health care is a major contributing factor to the growth of the global medical tourism market.

The predicted market size for the medical tourism industry before the COVID-19 chaos was $ 73.7 billion in 2020, and that number is projected to drop to $ 44.2 billion after the pandonavirus pandemic. The risk associated with post-surgery travel, language barriers, and the quality of the workforce will hamper market growth in the years to come.

Conversely, people’s growing interest in better quality health care combined with advanced technology and low costs will drive demand for medical tourism over the forecast period.

• Maintaining the pandemic situation

A number of countries around the world are inviting well-known medical specialists such as Cleveland Clinic, Mayo Clinic and Harvard Medical International by investing more in the development of medical tourism facilities.

In addition, other countries are pursuing different strategies to drive the growth of the medical tourism market. For example, India has introduced visa facilities for foreigners, the “M-Visa”, to allow foreigners to enter the country for medical treatment.

In addition, doctors in Singapore are treating people in a maximum of three different locations, based on the Ministry of Health (MOH) guidelines to stop the spread of the COVID-19 virus.

For more detailed insights, download the sample copy of the report at: https://www.researchdive.com/download-sample/248

Leading players in the medical tourism industry include Anadolu Medical Center, Shouldice Hospital, Clemenceau Medical Center, Prince Court Medical Center, Gleneagles Global Hospitals Group and Bangkok Hospital.

• Global industry is experiencing significant growth after the coronavirus chaos

According to Research Dive, the global medical tourism market is expected to see significant growth after the COVID-19 pandemic. There are several benefits associated with medical travel, such as the availability of better quality medical treatment, access to medicines, and low costs, which increases the demand for medical tourism over the forecast period.

Additionally, various countries such as Thailand, India and Singapore are gaining prominence due to the availability of low-cost medical treatments that are expected to drive market growth after the COVID-19 pandemic.

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Mr. Abhishek Paliwal
Research dive
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