Press Releases
 
Medical Tourism Market to Report a CAGR of 14.9% Between 2017 and 2025

Transparency Market Research Report Added "Medical Tourism Market" to its database.

Albany NY, 7 December 2018 -- Medical tourism market is now targeted by many countries’ hospitals and governments worldwide for further growth and investment. Asia Pacific provides the best medical tourism market development and promotion example on a regional scale. Government tourism agency also working to increase medical tourism market where it is not yet established.

Global Medical Tourism Market: Snapshot

The global medical tourism market has gained popularity in the recent years as a result of advancing medical services being made available in a cost-effective manner. Various medical services such as neurology, oncology, orthopedic surgery, dentistry, cosmology, and cardiology are available to medical tourists. Increasing awareness of regular medical treatments and advancing technology for better treatment options are raising demand for medical treatment. As medical treatment is quite expensive in Western countries, there has been a rising incidence of patient travel to developing countries where treatments are usually cost-effective. These expensive healthcare treatments have pushed patients to look for options in other regions, thus boosting medical tourism in developing nations.

The excepted CAGR for the global medical tourism market is 14.9% for the forecasted period 2017-2025, considering that market gained a value of US$46.46 bn in 2016. The estimated value could reach at a US$160.8 bn by the end of 2025.

Orthopedics having the Highest Market Share for Medical Tourism due to Increasing Accidental Injury

Researchers authoring the report segment the world medical tourism market on the basis of medical treatment and region. As per the segmentation, a larger percentage of revenue is anticipated to accumulate through the orthopedics segment, which held a significant share of the market in 2016. Increasing number of sports events and accidents witnessed annually could be a considerable factor that catapults this segment. Hundreds of thousands of surgeries have been performed by thousands of surgeons annually. Orthopedics is a branch that specializes in bones and muscle correcting, whereas cosmetology deals with diseases related to the skin and offers various treatment options such as wrinkles, plastic surgery, skin coloration, rhinoplasty, and those for complete external appearance.

Request A Sample Copy @ https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=900

Dentistry consists of disorders, diagnosis, prevention, and treatment of diseases related to oral cavity. Globally, demand for orthopedics, dentistry, and cosmetics treatments has made telling contributions to the world medical tourism market. Medical tourism for cardiology treatment is seen to grow at a high rate in Asia Pacific, mainly in India and Singapore, as the treatment is available at low cost and with advanced technology.

Asia Pacific Grows as Prominent Market for Medical Tourism by Offering Lower Cost

The international medical tourism market is segmented into five regions – Latin America, North America, Asia Pacific, Europe, and the Middle East and Africa (MEA). The region that could dominate the market is Asia Pacific expected to gain more market share during the forecasted period. Other regions viz. Latin America and the MEA are also expected to grow significantly as medical treatment cost is higher in the U.S. and European countries.

Taking into account revenue accumulated for medical treatment, Mexico and Turkey could be more preferred destinations for medical tourism. Europe is also expanding its treatment facilities as the number of patients travel is increasing in France, Germany, Italy, and the U.S. The competition in this market is getting fierce with increasing number of players and establishment of newer hospitals with better facilities.

Bumrungrad International Hospital, Mount Elizabeth Hospital, Bangkok Chain Hospital, KPJ Healthcare Berhad, and Asklepios Kliniken GmbH are some of the main players of the international medical tourism market.

About Us

Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants, use proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.

Each TMR syndicated research report covers a different sector – such as pharmaceuticals, chemicals, energy, food & beverages, semiconductors, med-devices, consumer goods and technology. These reports provide in-depth analysis and deep segmentation to possible micro levels. With wider scope and stratified research methodology, TMR’s syndicated reports strive to provide clients to serve their overall research requirement.

Contact Us

Transparency Market Research

90 State Street, Suite 700

Albany, NY 12207

Tel: +1-518-618-1030

USA – Canada Toll Free: 866-552-3453

Email:

Website: https://www.transparencymarketresearch.com

# # #


Submitted by hawer on Friday, 7 December 2018 at 3:34 PM
Category: Health Care & Medical
 
Related News

Promotion Tips for Plastic Surgery treatment
Friday, 14 Dec 2018

Global Pharma Excipients Market to Witness Growth by Top Vendors
Friday, 14 Dec 2018

Global Point-Of-Care Testing (POCT) Market Growing At A CAGR Of 9.4% During 2018 - 2025
Friday, 14 Dec 2018

Global Medical Microbiology Testing Technologies Market Booming with the Major Players
Friday, 14 Dec 2018

Global Latex Medical Disposables Market By Product - Latex Gloves, Latex Foley Catheters
Friday, 14 Dec 2018

Related Events

Advances in Inflammatory Bowel Diseases (AIBD) December 13-15, 2018
Thursday, 13 Dec 2018

Original Emergency Medicine Boot Camp
Thursday, 13 Dec 2018

2018 A4M World Congress | Las Vegas, NV
Thursday, 13 Dec 2018

The Heart Beat of Cardiology: Practical Application of Echocardiography
Thursday, 13 Dec 2018

Catalysis in the Fine Chemicals Industry
Friday, 14 Dec 2018

Latest News

3 Things You Should Check Before Choosing A Golf Course.
Saturday, 15 Dec 2018

Multifaceted Music Migration Gets Easy with MusConv.com
Saturday, 15 Dec 2018

The way to Obtain The top Home Repairs Service
Saturday, 15 Dec 2018

windows 10 product key pro
Friday, 14 Dec 2018

Leading Damage Restoration Company Shares its Emergency Water Restoration Tips To Reduce The Loss
Friday, 14 Dec 2018

 
Want to get your press releases, event listings, and job ads on Scoopasia? Register now for a FREE account or login if you already have one!
Scoopasia v1.0b. Copyright © 2018
Today is Saturday, 15 December 2018

About Scoopasia | FAQ | Privacy Policy | Contact Us

Press Releases
Event Listings
Job Listings
Arts & Entertainment
Architecture & Construction
Automotive & Travel
Business
Consumer Technology
Economy
Education
Enterprise Technology
Food & Fashion
Government & Policy
Health Care & Medical
Legal/Law
News & Media
Religion
Science & Research
Sports & Fitness
Login / Register
Get Scoopasia through RSS Feeds & Email Notifications!


Journalist's Toolbox
Hello journalist, welcome to Scoopasia--a powerful online resource for media information in Asia. Scoopasia has press releases and media events for every beat and industry. All content on Scoopasia is 100% FREE. You don't even need to login!

  • Scoop Line
    (Instant Information Request)
    The easiest way to ask questions and request information from the PR community.


  • Advanced Search
    Drill down, dig deep, for media information the way you want it.

  • Journalist's Resources
    Resources and tools you can't do without.

  • PR Tools
    Scoopasia Blog Search
    Search the largest handpicked collection of Asia's most prominent and influential blogs.


    Resources
  • PR Bookmarks
  • Web 2.0 Bookmarks
  • Media Bookmarks

    More Coming Soon...

  • Upcoming Events
  • Advances in Inflammatory Bowel Diseases (AIBD) December 13-15, 2018
  • 2018 A4M World Congress | Las Vegas, NV
  • Original Emergency Medicine Boot Camp
  • The Heart Beat of Cardiology: Practical Application of Echocardiography
  • Palo Alto Networks: PALO ALTO NETWORKS NEXT GENERATION ULTIMATE TEST DRIVE

  • Latest Jobs
    Sorry, there are currently no entries posted here.