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Medical Tourism Market

Medical Tourism Market by Treatment Type: Global Opportunity Analysis and Industry Forecast, 2017-2023, " the global medical tourism market was valued at $61,172 million in 2016, and is projected to reach $165,345 million by 2023, growing at a CAGR of 15.0% from 2017 to 2023. North America is anticipated to be the highest revenue contributor throughout the forecast period.<br><br>Read more :https://www.alliedmarketresearch.com/medical-tourism-market

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Medical Tourism Market

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  1. Medical Tourism Market Opportunity Analysis and Industry Forecast, 2017-2023

  2. According to a new report published by Allied Market Research, titled, "Medical Tourism Market by Treatment Type: Global Opportunity Analysis and Industry Forecast, 2017-2023, " the global medical tourism market was valued at $61,172 million in 2016, and is projected to reach $165,345 million by 2023, growing at a CAGR of 15.0% from 2017 to 2023. North America is anticipated to be the highest revenue contributor throughout the forecast period.

  3. By geography, the market was dominated by North America and Asia-Pacific, and collectively accounted for 63.6% of the overall medical tourism market in 2016. The growth of these regions is attributed to the availability of affordable medical treatments for several disease conditions, in countries such as Mexico, Thailand, Malaysia, India, and Singapore. However, Asia-Pacific is the fastest growing region followed by LAMEA, owing to the increase in treatment success rates and the affordable price range. Cancer treatment type segment is anticipated to continue to lead the market throughout the analysis period owing to increase with the number of cross-border travelers seeking good quality cancer treatment. In addition, cancer treatments are expensive and prolonged procedures; hence good quality treatment available at affordable prices motivate several patients to choose medical tourism.

  4. Key Findings of the Medical Tourism Market: • In 2016, cancer treatment generated the highest revenue, accounting about one-third of the overall market revenue and is projected to grow at a CAGR of 15.3% during the forecast period. • Neurological treatment is expected to grow at an above-average CAGR of 15.5%, owing to increased number of skilled medical personnel in the field. • North America accounted for about one-third of the global medical tourism in 2016. • The Asia-Pacific region is anticipated to be the fastest growing medical tourism market during the analysis period, followed by LAMEA. • Thailand and Singapore are the major market shareholders in Asia-Pacific.

  5. Major key players • Apollo Hospitals Enterprise Limited • Fortis Healthcare Ltd. • Asian Heart Institute and Research Centre Private Limited • KPJ Healthcare Berhad • Barbados Fertility Centre • NTT Medical Center Tokyo • Seoul National University Hospital • UZ Leuven (University Hospitals Leuven) • Infectious Diseases Partners Pte. Ltd. • Aditya Birla Memorial Hospital • Barbados Fertility Centre • Prince Court Medical Centre • Samitivej Public Company Limited.

  6. Medical Tourism Market by Treatment Type (Cardiovascular Treatment, Orthopedic Treatment, Neurological Treatment, Cancer Treatment, Fertility Treatment, and Others) - Global Opportunity Analysis and Industry Forecast, 2017-2023 VIEW REPORT

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