Medical Tourism Market Size, Share, Past, Present Data And Forecast 2029


Medical Tourism Market is anticipated to reach US$ 65.66 Bn. by 2029 from US$ 14.48 Bn. in 2021 at a CAGR of 20.80% during a forecast period.

This research explores the Global Medical Tourism Market and covers many market-related topics, including market size, status, trends, and forecasts. It also gives a quick overview of the industry's competitors and important market drivers. The report contains a comprehensive analysis of the global Medical Tourism market, split by companies, regions, types, and applications.

Medical Tourism Market - Key Trends, Key Drivers, Mergers and Acquisitions and Competitive Landscape.

The business research and consultancy firm Maximize Market Research predicted that the total global market for Medical Tourism Market is anticipated to reach US$ 65.66 Bn. by 2029 from US$ 14.48 Bn. in 2021 at a CAGR of 20.80% during a forecast period.

The report looks at 34 countries that business executives in the sector believe to be desirable travel destinations. Based on their expected investment needs, dominance in certain geographic industries, and worldwide reach, top corporations are chosen for benchmarking and profiling. The entire market influence of each regional, international, and local competition has been taken into consideration.

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Medical Tourism Market Overview:

The total market size by segments and nations was calculated using a micro level analysis of each nation. Using a bottom-up approach, the regional and global markets' sizes are determined. It is possible to establish the percentage of the entire market that the unorganised market makes up by micro-analysing each nation. To understand the market's drivers, restrictions, and opportunities, the corporate structure must perform a thorough examination. The outcomes are then verified by getting in touch with notable local businesspeople. Both for-profit and open-source information sources are used in the secondary inquiry and analysis of the same. Information on each player's output and consumption is gathered from a number of sources, such as open and closed registries and, in the case of publicly traded enterprises, the company's financial reports. You could get in touch with the local government's tax division if financial records are not made available.

Request for Free sample Pages: Medical Tourism Market Dynamics:

Simulation models are used to create market forecasts and estimates for MMR. A unique model created expressly for each enquiry is provided. Data on market dynamics, pricing trends, the technology environment, application development, and market dynamics are all simultaneously fed to the model. The relative relevance of these elements and their potential impact on the forecast period are analysed using correlation, regression, and time series analysis. Technological analysis, market knowledge, and topic comprehension are tools for market forecasting. In contrast to econometric models, which are frequently used for short-term forecasting, technology market models are primarily used for long-term forecasting. The convergence of the corporate environment, regulatory surrounds, economic prospects, and technical landscape supports these conclusions. To develop global estimates, it is desirable to estimate markets from the bottom up using data from important regional markets. In order to ensure accuracy and a complete understanding of the subject, this must be done.

Medical Tourism Market Segment:

Based on treatment type, the cosmetic treatment market share in 2021 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 travelling to places where these procedures are carried out more cheaply and taking advantage of free activities in the destination state, they are able to save money. According to the World Health Organization (WHO), cancer will be responsible for close to 10 million deaths worldwide in 2021. As patients look for less expensive cancer treatment, medical tourism is predicted to become more and more common.

Regional Analysis:

The five primary geographical regions of the Medical Tourism market are North America, Europe, Asia Pacific, the Middle East & Africa, and South America.

Research methodology:

  • Top-down and bottom-up methodologies are employed to estimate and validate the size of the global Medical Tourism market. A comprehensive list of noteworthy and active players is compiled by gamers who diligently follow the company's numerous classification requirements. The companies that are most relevant to the market under examination are chosen after a thorough validation procedure.
  • Preference lists are created using commercial databases like Factiva, Bloomberg, and others and are organised in accordance with the revenue generated in the most recent quarter.
  • Additionally, the questionnaire was created expressly to suit all requirements for gathering primary data in an appointment-only manner, depending on the main target groups. This facilitates our ability to gather data on a variety of topics, including player earnings, operating costs, profitability margins, and the expansion of various goods and services. The World Bank, associations, business websites, SEC filings, OTC BB, USPTO, EPO, annual reports, press releases, and other sources are used to verify about 70-80% of the data before it is used.

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Medical Tourism Market Key players:

• Fortis Hospital
• Gleneagles Hospital
• Asklepios Klink Barmbek
• Wooridul Spine Hospital
• Prince Court Medical centre
• Anadolu Medical Centre
• Clemenceau Medical centre
• Raffles Medical Group
• Bumrungrad International Hospital
• Bangkok Hospital Medical Center
• Asian Heart Institute
• KPJ Healthcare Berhad
• Samitivej Sukhumvit
• Apollo Hospitals Enterprise Limited
• Min-Sheng General Hospital.
• Fortis Hospitals
• KTQ International
• SafeCare
• Asian Heart Institute
• KPJ Healthcare Berhad

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About MAXIMIZE MARKET RESEARCH PVT. LTD.

Maximize Market Research provides B2B and B2C research on 12,500 high growth emerging 5opportunities technologies as well as threats to the companies across the Healthcare, Pharmaceuticals, Electronics Communications, Internet of Things, Food and Beverage

Contact Information

MAXIMIZE MARKET RESEARCH PVT. LTD.

3rd Floor, Navale IT park Phase 2,
Pune Banglore Highway, Narhe, Pune, Maharashtra 411041, India.
411041
India
Phone : 09607365656
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Published in

Health , Health

Published on

Dec 05, 2022

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