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Global Medical Tourism Market 2017-2021

Global Medical Tourism Market 2017-2021

About Medical Tourism

Medical tourism on the other hand is a type of tourism where patients travel to another country to seek medical treatment at an affordable cost. Individuals may choose to obtain medicinal treatment or surgical treatment such as dental implants, spinal fusion, heart bypass, heart valve replacement, tummy tuck, breast implants, angioplasty, hip replacement, cosmetic surgery, and other treatments. It is gaining popularity because of various advantages such as cost savings, improved and personalized quality care, and short waiting times.

Technavio’s analysts forecast the global medical tourism market to grow at a CAGR of 12.55% during the period 2017-2021.

Covered in this report

The report covers the present scenario and the growth prospects of the global medical tourism market for 2017-2021. The report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.

The market is divided into the following segments based on geography:

  • Americas
  • APAC
  • EMEA
Technavio's report, Global Medical Tourism Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • Apollo Hospitals
  • Asklepios Kliniken Verwaltungsgesellschaft
  • Bangkok Hospital
  • Bumrungrad International Hospital
  • Fortis Healthcare
Other prominent vendors
  • Asian Heart Institute
  • Medanta The Medicity
  • Min-Sheng General Hospital
  • Parkway Holdings
  • Wooridul Hospital
  • Anadolu Medical Center
  • Prince Court Medical Center
  • Raffles Medical Group
  • Samitivej Sukhumvit
  • Spire Healthcare
Market driver
  • Leveraging internet to create awareness
  • For a full, detailed list, view our report
Market challenge
  • Lack of reimbursements
  • For a full, detailed list, view our report
Market trend
  • Rise in international accreditation and assistance by hospitals
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2021 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?


Press Release

Technavio Announces the Publication of its Research Report – Global Medical Tourism Market 2017-2021

Technavio recognizes the following companies as the key players in the global medical tourism market: Apollo Hospitals, Asklepios Kliniken Verwaltungsgesellschaft, Bangkok Hospital, Bumrungrad International Hospital, and Fortis Healthcare.

Other Prominent Vendors in the market are: Asian Heart Institute, Medanta The Medicity, Min-Sheng General Hospital, Parkway Holdings, Wooridul Hospital, Anadolu Medical Center, Prince Court Medical Center, Raffles Medical Group, Samitivej Sukhumvit, and Spire Healthcare.

Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is rise in international accreditation and assistance by hospitals. International accreditation of hospitals is one of the major trends in the global medical tourism market. The US has appointed an affiliate agency, the JCI, that provides accreditations to hospitals. Hospitals need to follow a set of rigorous standards to obtain the accreditation.”

According to the report, one driver in the market is leveraging internet to create awareness. The emergence of internet allows for budding consumer to glance and request from a range of service offered by vendors through their online websites and portals. It makes the user experience of patients easier and aids in brand retention and visibility. The capacity of the vendors to showcase their services online allows for capturing larger share of the market and higher revenue generation. Moreover, the increasing penetration of internet will enable the vendors to provide a broad range of services such as dentistry, orthopedics, cardiovascular treatments, cancer treatments to reach new potential customers and increase the customer base for these services.

Further, the report states that one challenge in the market is lack of reimbursements. Reforms in the reimbursement structure as well as rates worldwide distress consumer demand leading to market fluctuations. Despite reforms for pharmaceuticals and medical devices, developed countries such as Germany, France, the US, the UK, and Japan do not have proper reimbursement policies for these surgeries. Most of the medical insurance offered across the US do not cover the cost of these procedures barring a few Managed care organizations (MCOs) depending on the plans opted by patients. Also for the patients travelling to other nations for treatment are also hindered by the limited reimbursement options.

Companies Mentioned

Apollo Hospitals, Asklepios Kliniken Verwaltungsgesellschaft, Bangkok Hospital, Bumrungrad International Hospital, Fortis Healthcare, Asian Heart Institute, Medanta The Medicity, Min-Sheng General Hospital, Parkway Holdings, Wooridul Hospital, Anadolu Medical Center, Prince Court Medical Center, Raffles Medical Group, Samitivej Sukhumvit, and Spire Healthcare.

  • Executive summary
  • Scope of the report
  • Research methodology
  • Market landscape
    • Tourism industry
      • Table Journey of a medical tourist
    • Market size and forecast
      • Table Advantages of medical tourism
      • Table Global medical tourism market 2016-2021 ($ billions)
      • Table Risks of medical tourism
      • Table Impact of various factors on global medical tourism market
      • Table Stakeholder chart for global medical tourism market
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by treatment type
    • Market overview
      • Table Global medical tourism market by treatment type 2016-2021 (%)
    • Cardiovascular treatment
      • Table Global prevalence of cardiac disease
      • Table Global cardiovascular treatment market 2016-2021($ billions)
    • Cosmetic treatment
      • Table Global cosmetic treatment market 2016-2021 ($ billions)
    • Fertility treatment
      • Table Global fertility treatment market 2016-2021 ($ billions)
    • Orthopedics treatment
      • Table Global orthopedics treatment market 2016-2021 ($ billions)
      • Table Musculoskeletal diagnosis by age in (%) 2010
    • Dental treatment
      • Table Global dental treatment market 2016-2021 ($ billions)
  • Regional landscape
    • Geographical segmentation
      • Table Americas - market size & forecast
    • Regional comparison
      • Table Regional comparison
    • Americas - market size & forecast
      • Table Americas - market size & forecast ($ billions)
      • Table Americas - Year over year growth
      • Table Top 3 countries in Americas
    • EMEA - market size & forecast
      • Table EMEA - market size & forecast ($ billions)
      • Table EMEA - Year over year growth
      • Table Top 3 countries in EMEA
    • APAC - market size & forecast
      • Table APAC - market size & forecast ($ billions)
      • Table APAC - Year over year growth
      • Table Top 3 countries in APAC
    • Market opportunity
  • Decision framework
  • Drivers and challenges
    • Market drivers
    • Market challenges
  • Market trends
    • Rise in international accreditation and assistance by hospitals
    • Transition from invasive to non-invasive procedures
    • Growth of strategic initiatives for fertility treatments
  • Vendor landscape
    • Competitive scenario
      • Table Competitive parameters in global medical tourism market
      • Table Strategic success factor of companies
  • Key Vendor Analysis
    • Bangkok Hospital
      • Table Bangkok Hospital: Profile
      • Table Bangkok Hospital: Strength assessment
      • Table Bangkok Hospital: Strategy assessment
      • Table Bangkok Hospital: Opportunity assessment
    • Asklepios Kliniken Verwaltungsgesellschaft
      • Table Asklepios Kliniken Verwaltungsgesellschaft: Profile
      • Table Asklepios Kliniken Verwaltungsgesellschaft: Strength assessment
      • Table Asklepios Kliniken Verwaltungsgesellschaft: Strategy assessment
      • Table Asklepios Kliniken Verwaltungsgesellschaft: Opportunity assessment
    • Apollo Hospitals
      • Table Apollo Hospitals: Profile
      • Table Apollo Hospitals: Strength assessment
      • Table Apollo Hospitals: Strategy assessment
      • Table Apollo Hospitals: Opportunity assessment
    • Bumrungrad International Hospital
      • Table Bumrungrad International Hospital: profile
      • Table Bumrungrad International Hospital: Strength assessment
      • Table Bumrungrad International Hospital: Strategy assessment
      • Table Bumrungrad International Hospital: Opportunity assessment
    • Fortis Healthcare
      • Table Fortis Healthcare: Profile
      • Table Fortis Healthcare: Strength assessment
      • Table Fortis Healthcare: Strategy assessment
      • Table Fortis Healthcare: Opportunity assessment
    • Other prominent vendors
  • Appendix
    • List of abbreviations
  • Explore Technavio

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