Research and Markets has announced the addition of the "World Medical Tourism Market - Opportunities and Forecasts, 2015 - 2022" report to their offering.
The world medical tourism market is projected to reach $143.8 billion by 2022, with a CAGR of 15.7% from 2015 to 2022. Cancer treatment would continue to be the highest revenue-generating segment throughout the forecast period. North America and Asia-Pacific are estimated to remain principal revenue-generating regions and collectively accounted for more than 60% of the global medical tourism market in 2015, in terms of revenue.
The major factors that boost the market growth include, affordability, availability, and accessibility of superior quality healthcare services with healthy support and assistance from tourism departments & local governments. In addition, increasing incidence of cancer and other serious ailments is anticipated to drive the demand for healthcare services, which in turn is expected to drive the world medical tourism market. Limited coverage and lengthy partial reimbursement offered by insurance companies along with difficulties associated with cross border travel, such as language barriers, connectivity, documentation, and Visa approval issues, are likely to restrict the market growth.
Cancer treatment segment would continue to lead the market throughout the analysis period owing to increase with the number of cross-border travelers seeking better cancer treatment. In addition, cancer treatment is expensive and prolonged, hence better treatment available at affordable prices motivates several patients to choose medical tourism.
Companies Mentioned:
- Aditya Birla Memorial Hospital
- Apollo Hospitals Enterprise Limited-
- Asian Heart Institute
- Barbados Fertility Centre
- Fortis Healthcare Limited
- Infectious Diseases Partners Pte Ltd
- KPJ Healthcare Berhad
- NTT Medical Center Tokyo
- Prince Court Medical Centre
- Samitivej Public Company Limited
- Seoul National University Hospital
-
UZ Leuven (University Hospitals Leuven)
Report Structure:
Chapter: 1 INTRODUCTION
Chapter: 2 EXECUTIVE SUMMARY
Chapter: 3 MARKET OVERVIEW
Chapter: 4 GLOBAL MARKET BY TREATMENT TYPE
Chapter: 5 GLOBAL MARKET, BY GEOGRAPHY
Chapter: 6 COMPANY/HOSPITAL PROFILES
For more information visit http://www.researchandmarkets.com/research/rq6xtj/world_medical
View source version on businesswire.com: http://www.businesswire.com/news/home/20160609005750/en/
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Sector: Medical
Tourism
