Due to the rising medical services cost in the western countries and availability of high quality medical services at lower prices in the Asian countries like Singapore, India, Brazil, Thailand, Malaysia, Mexico, Taiwan, Turkey, South Korea, Costa Rica, Poland, Dubai and Philippines has led to the expansion of medical tourism industry in this area. Many countries are planning to leverage medical tourism as a strategy to boost their healthcare services and tourism industry. By encouraging its presence in the medical tourism market, a country can stimulate its economic growth and create employment opportunities. Consequently, the medical tourism industry is rapidly expanding and is anticipated to have a significant growth in the near future. According to the one study done by Medical Tourism Association it was estimated that approx 1.6 million Americans have traveled to other destinations in 2012 for medical/healthcare services and this number is anticipated to grow in the near future.
The global medical tourism market is excepted to be around US$ 230 Billion by 2028 at a CAGR 14.5% in given forecast Period.
This market research report on the global medical tourism helps in understanding the important forces responsible for the growth of this industry. The research report provides in-depth analysis of the geographies facilitating inbound medical services that include Singapore, India, Thailand, Brazil, Malaysia, Mexico, Turkey, Taiwan, South Korea and prospective countries. The market overview section of the report comprises qualitative analysis of the overall market considering the factors determining the market dynamics such as drivers, restraints and opportunities along with Porter’s five forces analysis. These different analyses would provide a thorough understanding about the market from its past, present and future perspectives and help market players to design effective business strategies. Further, the report on medical tourism comprises executive summary chapter that will help you understand the overall market size, growth rate of various segments, geographies and competitors present in the market in a very precise manner.
The medical tourism industry is segmented on the basis of type of treatment and geography
BY TREATMENT TYPE
• Cosmetic Treatment
• Dental Treatment
• Cardiovascular Treatment
• Orthopedics Treatment
• Fertility Treatment
• Other General Treatment
BY GEOGRAPHY
• Singapore
• India
• Malaysia
• Mexico
• Costa Rica
• Brazil
• Turkey
• South Korea
• Thailand
• Taiwan
• Philippines
• Dubai
• Poland
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chapter 1 INTRODUCTION
1.1 Key Take Aways
1.2 Report Description
1.3 Markets Covered
1.4 Stakeholders
1.5 Research Methodology
1.5.1 Market Size
1.5.2 Market Share
1.5.3 Key Data Points From Secondary Sources
1.5.4 Key Data Points From Primary Sources
Chapter 2 Executive Summary
Chapter 3 Market Overview
3.1 Overview
3.2 Preferred Medical Procedures: Medical Tourism
3.3 Medical Tourism: Market Dynamics
3.3.1 Market Drivers
3.3.1.1 Reduced Cost of Procedures
3.3.1.1.1 Comparative Cost of Medical Procedures Around the World (USD Thousands)
3.3.1.2 Long Waiting Time
3.3.1.2.1 Waiting Time of Four Weeks or more for a Specialist Appointment
3.3.1.3 Large Uninsured Population
3.3.1.4 Better Technology and Wider Treatment Options
3.3.1.5 Aging Population
3.3.1.6 Tourism or Vacation
3.3.2 Market Restraints
3.3.2.1 Follow-Up Care
3.3.2.2 Medical Malpractice
3.3.2.3 Country’s Negative Image a Dilemma For Foreign Patients
3.3.2.4 Other Problems
3.3.3 Opportunities
3.3.3.1 Government Support
3.3.3.1.1 Growth Initiatives Undertaken by the Government of Various Countries to Promote the Industry
3.4 Porter’s Five Forces Analysis: Global Medical Tourism Market
3.4.1 Bargaining Power of Buyers
3.4.2 Bargaining Power of Suppliers
3.4.3 Threat of New Entrants
3.4.4 Threat of Substitutes
3.4.5 Competitive Rivalry
3.5 Comparative Analysis: Medical Tourism Market, By Geography, 2019 – 2025 (Value %)
Chapter 4 Malaysia Medical Tourism Market
4.1 Overview
4.1.1 Malaysia Medical Tourism Market Revenue, 2022 – 2027 (USD Million)
4.1.2 Cost Comparison of Procedures for the U.S. and Malaysia (USD)
4.1.3 Malaysia Medical Tourism Market Revenue, By Procedures, 2022 – 2027 (USD Million)
4.1.4 Malaysia Medical Tourism: SWOT Analysis
4.1.5 Government Support
4.1.5.1 Malaysia Healthcare Travel Council (MHTC)
4.1.5.2 Malaysian Society for Quality in Health (MSQH)
4.1.5.3 Tax Exemption to Boost Medical Tourism Industry
4.1.6 Malaysia Inbound Medical Tourism
4.1.6.1 Number of Inbound Patients in Malaysia, 2022 – 2027 (Million)
4.1.7 Malaysia Medical Tourism: Top Revenue Contributing Countries (%), 2018
Chapter 5 Singapore Medical Tourism Market
5.1 Overview
5.1.1 Singapore Medical Tourism Market Revenue, 2022 – 2027 (USD Million)
5.1.2 Cost Comparison of Procedures in the U.S. And Singapore (USD)
5.1.3 Singapore Medical Tourism Market Revenue, By Procedures, 2022 – 2027 (USD Million)
5.1.4 Singapore Medical Tourism: SWOT Analysis
5.1.5 Government Support
5.1.5.1 3M Framework
5.1.5.2 Singapore Medicine
5.1.5.3 Promotions
5.1.6 Singapore Inbound Medical Tourism
5.1.6.1 Number of Inbound Patients in Singapore, 2019 – 2025 (Million)
5.1.7 Singapore Medical Tourism: Top Revenue Contributing Countries (%), 2012
Chapter 6 Thailand Medical Tourism Market
6.1 Overview
6.1.1 Thailand Medical Tourism Market, 2022 – 2027 (USD Million)
6.1.2 Cost Comparison of Procedures in the U.S. and Thailand (USD)
6.1.3 Thailand Medical Tourism Market Revenue, By Procedures, 2022 – 2027 (USD Million)
6.1.4 Thailand Medical Tourism: SWOT Analysis
6.1.5 Government Support
6.1.5.1 Five Year Plan
6.1.5.2 Hospital Accreditation Scheme (HA)
6.1.5.3 Promotions
6.1.5.4 Phuket Spa Association (PSA)
6.1.6 Thailand Inbound Medical Tourism
6.1.6.1 Number of Inbound Patients in Thailand, 2019 – 2025 (Million)
6.1.7 Thailand Medical Tourism: Top Revenue Contributing Countries (%), 2019
Chapter 7 Turkey Medical Tourism Market
7.1 Overview
7.1.1. Turkey Medical Tourism Market, 2022 – 2027 (USD Million)
7.1.2 Cost Comparison of Procedures in the U.S. And Turkey (USD)
7.1.3 Turkey Medical Tourism Market Revenue, By Procedures, 2022 – 2027 (USD Million)
7.1.4 Turkey Medical Tourism: SWOT Analysis
7.1.5 Government Support
7.1.5.1 Tax Free Health Zones
7.1.5.2 Transportation Relaxation
7.1.5.3 Medical Park Group
7.1.6 Turkey Inbound Medical Tourism
7.1.6.1 Number Of Inbound Patients In Turkey, 2022 – 2027 (Million)
7.1.7 Turkey Medical Tourism: Top Revenue Contributing Countries (%), 2022
Chapter 8 Brazil Medical Tourism Market
8.1 Overview
8.1.1 Brazil Medical Tourism Market, 2022 – 2027 (USD Million)
8.1.2 Cost Comparison Of Procedures in the U.S. And Brazil (USD)
8.1.3 Brazil Medical Tourism Market Revenue, By Procedures, 2022 – 2027 (USD Million)
8.1.4 Brazil Medical Tourism: SWOT Analysis
8.1.5 Government Support
8.1.5.1 Olympic Games and World Cup
8.1.5.2 Porto Alegre Health Care Cluster
8.1.5.3 Modernization of Private Hospitals
8.1.5.4 Cosmetic Vacation(CV) And Mednetbrazil
8.1.6 Brazil Inbound Medical Tourism
8.1.6.1 Number Of Inbound Patients in Brazil,2022 – 2027 (Million)
8.1.7 Brazil Medical Tourism: Top Revenue Contributing Countries (%), 2020
Chapter 9 South Korea Medical Tourism Market
9.1 Overview
9.1.1 South Korea Medical Tourism Market, 2022 – 2027 (USD Million)
9.1.2 Cost Comparison of Procedures in the U.S. And South Korea (USD)
9.1.3 South Korea Medical Tourism Market Revenue, By Procedures, 2022 – 2027 (USD Million)
9.1.4 South Korea Medical Tourism: SWOT Analysis
9.1.5 Government Support
9.1.5.1 South Korea Medical Tourism: Government Support
9.1.5.2 Amendment to the Tourism Act
9.1.5.3 Amendment to the Medical Services Act
9.1.5.4 Establishment of Healthcare Town in Jeju
9.1.5.5 Korean International Medical Association (KIMA)
9.1.5.6 Korea Tourism Organization (KTO)
9.1.5.7 Relaxation on Visa Requirements
9.1.6 South Korea Inbound Medical Tourism
9.1.6.1 Number of Inbound Patients in South Korea, 2022 – 2027(Million)
9.1.7 South Korea Medical Tourism: Top Revenue Contributing Countries (%) (2012)
Chapter 10 Mexico Medical Tourism Market
10.1 Overview
10.1.1 Mexico Medical Tourism Market, 2022 – 2027 (USD Million)
10.1.2 Cost Comparison Of Procedures for US and Mexico, (USD)
10.1.3 Mexico Medical Tourism Market Revenue, By Procedures, 2022 – 2027 (USD Million)
10.1.4 Mexico Medical Tourism: SWOT Analysis
10.1.5 Government Support
10.1.5.1 Mexico Medical Tourism: Government Support
10.1.6 Mexico Inbound Medical Tourism
10.1.6.1 Number of Inbound Patients in Mexico, 2022 – 2027 (Million)
10.1.7 Mexico Medical Tourism: Top Revenue Contributing Countries (%) (2012)
Chapter 11 India Medical Tourism Market
11.1 Overview
11.1.1 India Medical Tourism Market,2022 – 2027 (USD Million)
11.1.2 Cost Comparison of Procedures for US and India, (USD)
11.1.3 India Medical Tourism Market Revenue, By Procedures, 2022 – 2027 (USD Million)
11.1.4 India Medical Tourism: SWOT Analysis
11.1.5 Government Support
11.1.5.1 India Medical Tourism: Government Support
11.1.5.2 Market Development Assistance Scheme
11.1.5.3 Promotions
11.1.5.4 Medical Visa
11.1.5.5 Wellness Tourism
11.1.6 India Inbound Medical Tourism
11.1.6.1 Number of Inbound Patients in India, 2022 – 2027 (Million)
11.1.7 India Medical Tourism: Top Revenue Contributing Countries (%) (2012)
Chapter 12 Taiwan Medical Tourism Market
12.1 Overview
12.1.1. Taiwan Medical Tourism Market, 2022 – 2027 (USD Million)
12.1.2 Cost Comparison Of Procedures for US and Taiwan, (USD)
12.1.3 Taiwan Medical Tourism Market Revenue, By Procedures, 2022 – 2027 (USD Million)
12.1.4 Taiwan Medical Tourism: SWOT Analysis
12.1.5 Government Support
12.1.5.1 Taiwan Medical Tourism: Government Support
12.1.5.2 Department Of Health
12.1.6 Tourism Promoting Agencies
12.1.6.1 Development of Healthcare Villages
12.1.6.2 Renovation of Airport
12.1.7 Taiwan Inbound Medical Tourism
12.1.7.1 Number of Inbound Patients in Taiwan, 2022 – 2027 (Million)
12.1.8 Taiwan Medical Tourism: Top Revenue Contributing Countries (%) (2012)
Chapter 13 Prospective Countries
13.1 Overview
13.1.1 Prospective Countries Medical Tourism Market, 2022 – 2027 (USD Million)
13.1.2 Costa Rica
13.1.3 Dubai
13.1.4 Poland
13.1.5 Philippines
Chapter 14 Recommendations
14.1 Mergers and Acquisitions
14.2 Marketing and Promotional Activities
14.3 Creation of New Healthcare Plans that Covers Medical Travel
14.3.1 Medical Tourism Programs within Health Benefits Plans
Chapter 15 Hospital Profiles
15.1 Apollo Hospitals Enterprise Limited
15.1.1 Overview
15.1.2 Financial Overview
15.1.3 Services
15.1.4 Business Strategies
15.1.5 Recent Developments
15.2 Asian Heart Institute
15.2.1 Overview
15.2.2 Financial Overview
15.2.3 Services Portfolio
15.3 Bangkok Hospital Medical Center
15.3.1 Overview
15.3.2 Financial Overview
15.3.3 Services Portfolio
15.3.4 Business Strategies
15.4 Bumrungrad International Hospital
15.4.1 Overview
15.4.2 Financial Overview
15.4.3 Services
15.4.4 Business Strategies
15.5 Fortis Healthcare Ltd.
15.5.1 Overview
15.5.2 Financial Overview
15.5.3 Services
15.5.4 Business Strategies
15.5.5 Recent Developments
15.6 KPJ Healthcare Berhad
15.6.1 Overview
15.6.2 Financial Overview
15.6.3 Patient Services
15.6.4 Business Strategies
15.7 Min-Sheng General Hospital
15.7.1 Overview
15.7.2 Financial Overview
15.7.3 Services
15.7.4 Business Strategies
15.7.5 Recent Developments
15.8 Prince Court Medical Center
15.8.1 Overview
15.8.2 Financial Overview
15.8.3 Services
15.8.4 Recent Developments
15.9 Raffles Medical Group
15.9.1 Overview
15.9.2 Financial Overview
15.9.3 Services
15.9.4 Business Strategies
15.9.5 Recent Developments
15.10 Samitivej Sukhumvit
15.10.1 Overview
15.10.2 Financial Overview
15.10.3 Services
15.10.4 Business Strategies
The medical tourism industry is segmented on the basis of type of treatment and geography
BY TREATMENT TYPE
• Cosmetic Treatment
• Dental Treatment
• Cardiovascular Treatment
• Orthopedics Treatment
• Fertility Treatment
• Other General Treatment
BY GEOGRAPHY
• Singapore
• India
• Malaysia
• Mexico
• Costa Rica
• Brazil
• Turkey
• South Korea
• Thailand
• Taiwan
• Philippines
• Dubai
• Poland
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