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Global Medical Tourism Market Insights<br>Medical Tourism Market size was valued at USD 17.35 billion in 2021 and is poised to grow from USD 21.42 billion in 2022 to USD 93.9 billion by 2030, growing at a CAGR of 23.5% in the forecast period (2023-2030).<br>Medical tourism is defined as organized travel across international borders to avail of advanced medical treatment options. Medical tourists travel across international borders to maintain, improve, or restore their health by using low-cost healthcare facilities and treatments accessible in other nations that are costly in their home country.
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Global Medical Tourism Market Size, Share, Growth Analysis, by Treatment Type- Industry Forecast 2023-2030 Global Medical Tourism Market Insights Medical Tourism Market size was valued at USD 17.35 billion in 2021 and is poised to grow from USD 21.42 billion in 2022 to USD 93.9 billion by 2030, growing at a CAGR of 23.5% in the forecast period (2023-2030). Medical tourism is defined as organized travel across international borders to avail of advanced medical treatment options. Medical tourists travel across international borders to maintain, improve, or restore their health by using low-cost healthcare facilities and treatments accessible in other nations that are costly in their home country. Medical tourists travel to receive treatments such as dental care, neurological care, and cardiovascular care among many other treatment options. Better healthcare, cutting-edge technology, breakthrough medicines, sophisticated devices, improved hospitality, and individualized care are
some key features offered by medical tourism. Inadequate insurance benefits and a lack of healthcare insurance in the local market are two factors that are likely to encourage market growth. In addition, the rising demand for non-covered procedures such as gender reassignment surgery, reproductive therapy. Global Medical Tourism Market Segmental Analysis The Global Medical Tourism Market is segmented on the basis of treatment types such as cosmetic treatment, oncology treatment, cardiovascular treatment, orthopedics treatment, bariatric treatment, fertility treatment, ophthalmic treatment, and other treatments. Based on region it is categorized into: North America, Europe, Asia-Pacific, South America, and MEA. Medical Tourism Market Analysis by Treatment Type In 2021, the cardiovascular and oncology segments of the market are projected to hold lucrative shares in the market during the forecast period. The segmental growth of the market is attributed to the increased prevalence of various diseases across the globe. Increased prevalence of such chronic diseases is likely to demand more advanced diagnosis and treatment measures in economical costs; which is likely to encourage the segmental growth of the market during the forecast period. Furthermore, as cancer treatment is an expensive and lengthy process, the market's growth is fueled by lower treatment costs in various countries. Patients also prefer to travel to other nations that offer modern healthcare facilities as advanced treatment is not available in some countries. Hence, this will encourage the segmental growth of the market during the forecast period. Get the best overview of Medical Tourism Market
https://www.skyquestt.com/report/medical-tourism-market Medical Tourism Market Top Players Company Profiles •Bumrungrad International Hospital •Apollo Hospitals •Fortis Healthcare •Gleneagles Global Hospitals •KPJ Healthcare Berhad •Prince Court Medical Centre •Raffles Medical Group •Samitivej Hospital •Bangkok Hospital •Anadolu Medical Center •Acibadem Healthcare Group •Medicana International Hospitals Group •Clemenceau Medical Center •Wooridul Spine Hospital •Seoul National University Hospital •Asan Medical Center •Yanhee International Hospital •Singapore General Hospital •St. Luke's Medical Center •The Medical City About Us: Sky Quest Technology is leading growth consulting firm providing market intelligence, commercialization, and technology services. It has 450+ happy clients globally.
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