Medical Tourism Market Size to Grow by USD 16.88 bn from 2020 to 2025 | Availability of Low-cost Treatment Options to Drive Growth | Technavio

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NEW YORK, Nov. 18, 2021 /PRNewswire/ — The medical tourism market is expected to grow by USD 16.88 bn from 2020 to 2025. Technavio’s latest market research report estimates that the market will decelerate at a CAGR of 16.04%. This report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment.

Attractive Opportunities in Medical Tourism Market by Treatment Type and Geography – Forecast and Analysis 2021-2025

Read Free Sample Report to explore growth opportunities in the medical tourism market.

The report covers the following areas:

The medical tourism market is fragmented, and the degree of fragmentation will decelerate during the forecast period. To leverage the current opportunities, market vendors must strengthen their foothold in the fast-growing segments while maintaining their positions in the slow-growing segments.

Medical Tourism Market 2021-2025: Segmentation

  • Type

  • Geography

To learn about the contribution of each segment of the market, Download Free Sample Report

Medical Tourism Market 2021-2025: Vendor Analysis and Scope
To help businesses improve their market position, the medical tourism market provides a detailed analysis of around 25 vendors operating in the market. Some of these vendors include Anadolu Medical Center, Asian Heart Institute, Asklepios Kliniken GmbH and Co. KGaA, Bangkok Dusit Medical Services Public Co. Ltd., Bumrungrad Hospital Public Co. Ltd., Clemenceau Medical Center, Cleveland Clinic, Fortis Healthcare Ltd., Prince Court Medical Centre Sdn Bhd, and The Johns Hopkins Health System Corp.

Factors such as the availability of low-cost treatment options, rise in international accreditation and assistance by hospitals, and growing adoption of cosmetic surgery will offer immense growth opportunities. However, factors such as lack of advanced infrastructure in developing nations may threaten the growth of the market.

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Medical Tourism Market 2021-2025: Regional Analysis
Technavio’s market research report offers detailed information on the competitive intelligence, marketing gaps, and regional opportunities for vendors to help organizations in creating efficient business plans. Based on segmentation by geography, the medical tourism market has been classified into five regions, namely North America, APAC, Europe, MEA, and South America. According to our analysis, 32% of the market’s growth will originate from North America during the forecast period. The US is a key country for the medical tourism market in the region. The availability of high-quality healthcare facilities in Canada and the US will facilitate the medical tourism market growth in the region during the forecast period. However, the market growth rate in North America will be slower than the growth of the market in other regions.

Medical Tourism Market 2021-2025: Key Highlights

  • CAGR of the market during the forecast period 2021-2025

  • Detailed information on factors that will assist medical tourism market growth during the next five years

  • Estimation of the medical tourism market size and its contribution to the parent market

  • Predictions on upcoming trends and changes in consumer behavior

  • The growth of the medical tourism market

  • Analysis of the market’s competitive landscape and detailed information on vendors

  • Comprehensive details of factors that will challenge the growth of medical tourism market vendors

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Medical Tourism Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Decelerate at a CAGR of 16.04%

Market growth 2021-2025

USD 16.88 billion

Market structure

Fragmented

YoY growth (%)

22.93

Regional analysis

North America, APAC, Europe, MEA, and South America

Performing market contribution

North America at 32%

Key consumer countries

US, South Korea (Republic of Korea), Turkey, Thailand, and Germany

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

Anadolu Medical Center, Asian Heart Institute, Asklepios Kliniken GmbH and Co. KGaA, Bangkok Dusit Medical Services Public Co. Ltd., Bumrungrad Hospital Public Co. Ltd., Clemenceau Medical Center, Cleveland Clinic, Fortis Healthcare Ltd., Prince Court Medical Centre Sdn Bhd, and The Johns Hopkins Health System Corp.

Market Dynamics

Parent market analysis, market growth inducers and obstacles, fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, market condition analysis for the forecast period

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Download Latest Free Sample Report for additional highlights on the medical tourism market.

About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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