DUBLIN, June 10, 2021 / PRNewswire / – The “Global Medical Tourism Market Report 2021: COVID-19 Growth and Change by 2030” The report has been added to the ResearchAndMarkets.com offering.

Medical Tourism Global Market Report 2021: COVID-19 Growth and Change to 2030 provides strategists, marketers and executives with the critical information they need to assess the global medical tourism market.

Major players in the medical tourism market are Apollo Hospital Enterprise Limited, Prince Court Medical Center, Bumrungrad International Hospital, KPJ Healthcare Berhad, and Fortis Health Ltd.

The global medical tourism market is predicted to be driven by $ 19.79 billion in 2020 to $ 21.93 billion in 2021 with an average annual growth rate (CAGR) of 10.8%.

The growth is mainly due to companies resuming operations and adjusting to the new normal while recovering from the effects of COVID-19 that previously resulted in restrictive containment measures involving social distancing, remote working and the closure of commercial activities had operational challenges.

The market is expected to reach $ 40.03 billion in 2025 at a CAGR of 16%.

High health care costs in developed countries are driving the growth of the medical tourism market as developing countries are able to offer cheaper treatments. Patients typically travel to developing countries with high quality healthcare infrastructure and low healthcare costs.

According to a study by the Centers for Disease Control and Prevention, around 0.75-1.6 million people live from the United States Travel out of the country for medical care to avoid high treatment costs. For example hip replacement surgery in the United States costs about $ 39,299 during the same operation in India, Costa Rica or other developing countries cost between $ 7000 and $ 15,000 including logistics.

The Medical Tourism Market covered by this report is segmented into Cosmetic Treatment by Treatment Type. Dental treatment; cardiovascular treatment; orthopedic treatment; bariatric treatment; Infertility treatment; Eye treatment; Other.

Patients traveling across countries for medical treatment are increasingly using electronic health records to store health-related information in digital form. The electronic health record is the systematic collection of patient health and medical examination reports that are stored electronically.

These health records can be accessed instantly and securely by authorized users. Electronic health records eliminate the need to carry heavy medical records for patients who travel long distances for treatment. Some of the major electronic health record software include eClinicalWorks, Allscripts, Cerner.

in the September 2020, IHH Healthcare, a Malaysian-Singaporean private health company focused on upscale health services, acquired the Prince Court Medical Center for $ 0.25 billion. With this acquisition, Prince Court Medical Center will complement IHH’s cluster strategy, specialized tertiary hospitals in Kuala Lumpur. Prince Court Medical Center, a private health facility in the heart of Kuala Lumpur, Malaysia.

Key topics covered:

1. Summary

2. Market characteristics for medical tourism

3. Medical Tourism Market Trends and Strategies

4. Effects of COVID-19 on Medical Tourism

5. Medical tourism market size and growth
5.1. Global Historical Medical Tourism Market, 2015-2020, $ Billion
5.1.1. Driver of the market
5.1.2. Restrictions in the market
5.2. Global Medical Tourism Forecast Market, 2020-2025F, 2030F, Billion US Dollars
5.2.1. Driver of the market
5.2.2. Restrictions in the market

6. Medical Tourism Market Segmentation
6.1. Global Medical Tourism Market, Segmentation By Treatment Type, History and Forecast, 2015-2020, 2020-2025F, 2030F, Billion US Dollars

  • Cosmetic treatment
  • Dental treatment
  • Cardiovascular treatment
  • Orthopedic treatment
  • Bariatric treatment
  • Infertility Treatment
  • Eye treatment
  • Other

6.2. Global Medical Tourism Market, Segmentation By Type, History and Forecast, 2015-2020, 2020-2025F, 2030F, Billion US Dollars

7. Regional and country analysis of the medical tourism market
7.1. Global Medical Tourism Market Split by Region, History and Forecast, 2015-2020, 2020-2025F, 2030F, Billion US Dollars
7.2. Global Medical Tourism Market Split by Country, Historical and Forecast, 2015-2020, 2020-2025F, 2030F, Billion US Dollars

Mentioned companies

  • Apollo Hospital Enterprise Limited
  • Prince Court Medical Center
  • Bumrungrad International Hospital
  • KPJ Healthcare Berhad
  • Fortis Health Ltd.
  • Raffles Medical Group
  • Bangkok Hospital Medical Center
  • Samitivej PCL.
  • Min-Sheng General Hospital
  • Asian Heart Institute
  • Asklepios Clinic Barmbek
  • Spire Healthcare
  • Medanta
  • IHH Healthcare Berhad
  • Anadolu Medical Center
  • Clemenceau Medical Center
  • Gleneagles Hospital
  • Mount Elizabeth Hospital
  • Health database
  • Medical Link Clinic
  • NTT Medical Center Tokyo
  • Seoul National University hospital
  • UZ lions
  • Wooridul Spine Hospital
  • Aditya Birla Memorial Hospital
  • Barbados Fertility Center

For more information on this report, see https://www.researchandmarkets.com/r/y3pr70

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