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Published: Mar, 2020 | Pages:
140 | Publisher: Grand View Research
Industry: Healthcare | Report Format: Electronic (PDF)
The global medical tourism market size is expected to reach USD 207.9 billion by 2027, expanding at a CAGR of 21.1%, according to a new report by Grand View Research, Inc. Medical tourism generates direct foreign exchange income and contributes to the overall development of any economy. It provides employment and business opportunities for residents. Moreover, it helps in the growth of associated businesses such as pharmaceuticals, healthcare devices, and tourism. Government support to maintain the general reputation and political stability of the host country is a key influencing factor that drives the market. Government authorities are willing to invest in local enterprises to capitalize on the growth of the market. Such government bodies are authorizing projects that help in the overall development of infrastructure in the country such as the public transport system and water supply facilities to attract high-end travelers. Medical tourism has led to a rise in state-of-the-art healthcare facilities in developing countries to attract foreign nationals, resulting in fast growth of healthcare infrastructure in such countries. Moreover, healthcare providers now offer comprehensive tourism packages that include services ranging from ticket booking to hotel stay and healthcare insurance. Further key findings from the report suggest: • Thailand dominated the market in terms of revenue in 2019 pertaining to the huge difference in treatment cost in comparison to developed countries. Around 2.8 million people visited Thailand to seek medical care in 2018 owing to low cost and good quality healthcare services • In 2016, Thailand ranked 18th in the International Healthcare Research Center’s Medical Tourism Index. Moreover, the country ranked 13th on the same index in terms of quality of facilities and services provided owing to well-developed healthcare infrastructure and an increasing number of healthcare professionals • In Thailand, Asia’s first largest private hospital, Bumrungrad International Hospital, is also the first hospital to receive JCI accreditation and ISO 9001 certification. Till date, over 53 private hospitals have received JCI accreditation • Singapore, Colombia, Taiwan, and Spain are some of the fastest growing medical tourism destinations in medical tourism market. Medical tourism is one of the important factors for revenue generation for these countries. They have an advanced healthcare infrastructure and skilled manpower to cater to international patients • Thailand is popular for cosmetic procedures and India is most preferred for cardiovascular and orthopedic procedures. Brazil and Costa Rica are preferred for dental procedures.
Table of Contents
Chapter 1 Methodology
1.1 Research Methodology
1.1.1 Information procurement
1.2 Information or Data Analysis
1.3 Market Formulation & Validation
1.4 Region Wise Market Calculation
1.4.1 Region Wise Market: Base Estimates
1.4.2 Global Market: CAGR Calculation
1.5 Model Details
1.5.1 Commodity flow analysis (Model 1)
1.5.2 Volume price analysis (model 2)
Chapter 2 Executive Summary
2.1 Market Summary
Chapter 3 Industry Outlook
3.1 Market Segmentation
3.2 Market Variable Analysis
3.2.1 Market Driver Analysis
3.2.1.1 Rising number of medical tourists due to high treatment costs in their native countries
3.2.1.2 Limited insurance coverage in some countries attracts patients to medical tourism destinations
3.2.1.3 Easier treatment accessibility for patients
3.2.2 Market Restraint Analysis
3.2.2.1 Fear of infectious diseases risks the demand for medical tourism
3.2.2.2 Lack of geographical and cultural proximity
3.3 Penetration & Growth Prospect Mapping
3.4 Business Environment Analysis tools
3.4.1 SWOT Analysis, by PEST
3.4.1.1 Political & Legal
3.4.1.2 Economic
3.4.1.3 Technological
3.4.2 Porter’s Five Forces Analysis
3.4.2.1 Bargaining power of buyers
3.4.2.2 Bargaining power of suppliers
3.4.2.3 Competitive rivalry
3.4.2.4 Threat of new entrants
3.4.2.5 Threat of substitutes
3.5 Medical Tourism Market: Recent Trends & Advancements
Chapter 4 Medical Tourism Market: Regulatory & Political Forces
Chapter 5 Medical Tourism Market: Regional Estimates & Trend Analysis
5.1 Medical Tourism Market Share by Region, 2019 & 2027
5.2 Thailand
5.2.1 Thailand Medical Tourism market, 2016 - 2027 (USD Million)
5.2.2 Drivers, Challenges, Opportunity Analysis
5.2.3 Treatments/Procedures Analysis, 2019
5.2.4 Inbound Patient Traffic Analysis, 2016 - 2027
5.2.5 List of Hospitals
5.3 India
5.3.1 India Medical Tourism market, 2016 - 2027 (USD Million)
5.3.2 Drivers, Challenges, Opportunity Analysis
5.3.3 Treatments/Procedures Analysis, 2019
5.3.4 Inbound Patient Traffic Analysis, 2016 - 2027
5.3.5 List of Hospitals
5.4 Costa Rica
5.4.1 Costa Rica Medical Tourism market, 2016 - 2027 (USD Million)
5.4.2 Drivers, Challenges, Opportunity Analysis
5.4.3 Treatments/Procedures Analysis, 2019
5.4.4 Inbound Patient Traffic Analysis, 2016 - 2027
5.4.5 List of Hospitals
5.5 Mexico
5.5.1 Mexico Medical Tourism market, 2016 - 2027 (USD Million)
5.5.2 Drivers, Challenges, Opportunity Analysis
5.5.3 Treatments/Procedures Analysis, 2019
5.5.4 Inbound Patient Traffic Analysis, 2016 - 2027
5.5.5 List of Hospitals
5.6 Malaysia
5.6.1 Malaysia Medical Tourism market, 2016 - 2027 (USD Million)
5.6.2 Drivers, Challenges, Opportunity Analysis
5.6.3 Treatments/Procedures Analysis, 2019
5.6.4 Inbound Patient Traffic Analysis, 2016 - 2027
5.6.5 List of Hospitals
5.7 Singapore
5.7.1 Singapore Medical Tourism market, 2016 - 2027 (USD Million)
5.7.2 Drivers, Challenges, Opportunity Analysis
5.7.3 Treatments/Procedures Analysis, 2019
5.7.4 Inbound Patient Traffic Analysis, 2016 - 2027
5.7.5 List of Hospitals
5.8 Brazil
5.8.1 Brazil Medical Tourism market, 2016 - 2027 (USD Million)
5.8.2 Drivers, Challenges, Opportunity Analysis
5.8.3 Treatments/Procedures Analysis, 2019
5.8.4 Inbound Patient Traffic Analysis, 2016 - 2027
5.8.5 List of Hospitals
5.9 Colombia
5.9.1 Colombia Medical Tourism market, 2016 - 2027 (USD Million)
5.9.2 Drivers, Challenges, Opportunity Analysis
5.9.3 Treatments/Procedures Analysis, 2019
5.9.4 Inbound Patient Traffic Analysis, 2016 - 2027
5.9.5 List of Hospitals
5.10 Turkey
5.10.1 Turkey Medical Tourism market, 2016 - 2027 (USD Million)
5.10.2 Drivers, Challenges, Opportunity Analysis
5.10.3 Treatments/Procedures Analysis, 2019
5.10.4 Inbound Patient Traffic Analysis, 2016 - 2027
5.10.5 List of Hospitals
5.11 Taiwan
5.11.1 Taiwan Medical Tourism market, 2016 - 2027 (USD Million)
5.11.2 Drivers, Challenges, Opportunity Analysis
5.11.3 Treatments/Procedures Analysis, 2019
5.11.4 Inbound Patient Traffic Analysis, 2016 - 2027
5.11.5 List of Hospitals
5.12 South Korea
5.12.1 South Korea Medical Tourism market, 2016 - 2027 (USD Million)
5.12.2 Drivers, Challenges, Opportunity Analysis
5.12.3 Treatments/Procedures Analysis, 2019
5.12.4 Inbound Patient Traffic Analysis, 2016 - 2027
5.12.5 List of Hospitals
5.13 Czech Republic
5.13.1 Czech Republic Medical Tourism market, 2016 - 2027 (USD Million)
5.13.2 Drivers, Challenges, Opportunity Analysis
5.13.3 Treatments/Procedures Analysis, 2019
5.13.4 Inbound Patient Traffic Analysis, 2016 - 2027
5.13.5 List of Hospitals
5.14 Spain
5.14.1 Spain Medical Tourism market, 2016 - 2027 (USD Million)
5.14.2 Drivers, Challenges, Opportunity Analysis
5.14.3 Treatments/Procedures Analysis, 2019
5.14.4 Inbound Patient Traffic Analysis, 2016 - 2027
5.14.5 List of Hospitals
Chapter 6 Competitive & Vendor Landscape
6.1 Recent developments & impact analysis, by key market participants
6.2 Company Profiles
6.2.1 Bumrungrad International Hospital
6.2.1.1 Company Overview
6.2.1.2 Financial performance
6.2.1.3 Product benchmarking
6.2.2 Bangkok Hospital
6.2.2.1 Company Overview
6.2.2.2 Financial performance
6.2.2.3 Product benchmarking
6.2.3 Samitivej PCL
6.2.3.1 Company Overview
6.2.3.2 Product benchmarking
6.2.4 Yanhee International Hospital
6.2.4.1 Company Overview
6.2.4.2 Product benchmarking
6.2.5 Asian Heart Institute
6.2.5.1 Company Overview
6.2.5.2 Product benchmarking
6.2.6 Apollo Hospitals Enterprise Ltd.
6.2.6.1 Company Overview
6.2.6.2 Financial performance
6.2.6.3 Product benchmarking
6.2.6.4 Strategic initiatives
6.2.7 Fortis Hospital
6.2.7.1 Company Overview
6.2.7.2 Financial performance
6.2.7.3 Product benchmarking
6.2.7.4 Strategic initiatives
6.2.8 Artemis Hospitals
6.2.8.1 Company Overview
6.2.8.2 Financial performance
6.2.8.3 Product benchmarking
6.2.8.4 Strategic initiatives
6.2.9 Hospital San José
6.2.9.1 Company Overview
6.2.9.2 Product benchmarking
6.2.10 Mexicali Bariatric Center
6.2.10.1 Company Overview
6.2.10.2 Product benchmarking
6.2.11 Sunway Medical Centre
6.2.11.1 Company Overview
6.2.11.2 Product benchmarking
6.2.11.3 Strategic initiatives
6.2.12 TMC Fertility
6.2.12.1 Company Overview
6.2.12.2 Product benchmarking
List of Tables Table 1 Regulatory & political forces Table 2 Thailand Medical Tourism Market, 2016 - 2027 (USD Million) Table 3 Thailand Inbound Patient Traffic Analysis, 2016 - 2027 (In Thousand) Table 4 India Medical Tourism Market, 2016 - 2027 (USD Million) Table 5 India Inbound Patient Traffic Analysis, 2016 - 2027 (In Thousand) Table 6 Costa Rica Medical Tourism Market, 2016 - 2027 (USD Million) Table 7 Costa Rica Inbound Patient Traffic Analysis, 2016 - 2027 (In Thousand) Table 8 Mexico Medical Tourism Market, 2016 - 2027 (USD Million) Table 9 Mexico Inbound Patient Traffic Analysis, 2016 - 2027 (In Thousand) Table 10 Malaysia Medical Tourism Market, 2016 - 2027 (USD Million) Table 11 Malaysia Inbound Patient Traffic Analysis, 2016 - 2027 (In Thousand) Table 12 Singapore Medical Tourism Market, 2016 - 2027 (USD Million) Table 13 Singapore Inbound Patient Traffic Analysis, 2016 - 2027 (In Thousand) Table 14 Brazil Medical Tourism Market, 2016 - 2027 (USD Million) Table 15 Brazil Inbound Patient Traffic Analysis, 2016 - 2027 (In Thousand) Table 16 Colombia Medical Tourism Market, 2016 - 2027 (USD Million) Table 17 Colombia Inbound Patient Traffic Analysis, 2016 - 2027 (In Thousand) Table 18 Turkey Medical Tourism Market, 2016 - 2027 (USD Million) Table 19 Turkey Inbound Patient Traffic Analysis, 2016 - 2027 (In Thousand) Table 20 Taiwan Medical Tourism Market, 2016 - 2027 (USD Million) Table 21 Taiwan Inbound Patient Traffic Analysis, 2016 - 2027 (In Thousand) Table 22 South Korea Medical Tourism Market, 2016 - 2027 (USD Million) Table 23 South Korea Inbound Patient Traffic Analysis, 2016 - 2027 (In Thousand) Table 24 Czech Republic Medical Tourism Market, 2016 - 2027 (USD Million) Table 25 Czech Republic Inbound Patient Traffic Analysis, 2016 - 2027 (In Thousand) Table 26 Spain Medical Tourism Market, 2016 - 2027 (USD Million) Table 27 Spain Inbound Patient Traffic Analysis, 2016 - 2027 (In Thousand) List of Figures Fig. 1 Market research process Fig. 2 Information procurement Fig. 3 Primary research pattern Fig. 4 Market research approaches Fig. 5 Value chain based sizing & forecasting Fig. 6 QFD modelling for market share assessment Fig. 7 Market formulation & validation Fig. 8 Medical tourism market: Market snapshot, USD Million, 2019 Fig. 9 Medical tourism market segmentation Fig. 10 Market driver relevance analysis (Current & future impact) Fig. 11 Market restraint relevance analysis (Current & future impact) Fig. 12 Penetration & growth prospect mapping Fig. 13 Medical tourism market regional outlook Fig. 14 Regional outlook, 2019 & 2027 Fig. 15 Thailand medical tourism market, 2016 - 2027 (USD Million) Fig. 16 Thailand Treatments/Procedures Analysis, 2019 Fig. 17 India medical tourism market, 2016 - 2027 (USD Million) Fig. 18 India Treatments/Procedures Analysis, 2019 Fig. 19 Costa Rica medical tourism market, 2016 - 2027 (USD Million) Fig. 20 Costa Rica Treatments/Procedures Analysis, 2019 Fig. 21 Mexico medical tourism market, 2016 - 2027 (USD Million) Fig. 22 Mexico Treatments/Procedures Analysis, 2019 Fig. 23 Malaysia medical tourism market, 2016 - 2027 (USD Million) Fig. 24 Malaysia Treatments/Procedures Analysis, 2019 Fig. 25 Singapore medical tourism market, 2016 - 2027 (USD Million) Fig. 26 Singapore Treatments/Procedures Analysis, 2019 Fig. 27 Brazil medical tourism market, 2016 - 2027 (USD Million) Fig. 28 Brazil Treatments/Procedures Analysis, 2019 Fig. 29 Colombia medical tourism market, 2016 - 2027 (USD Million) Fig. 30 Colombia Treatments/Procedures Analysis, 2019 Fig. 31 Turkey medical tourism market, 2016 - 2027 (USD Million) Fig. 32 Turkey Treatments/Procedures Analysis, 2019 Fig. 33 Taiwan medical tourism market, 2016 - 2027 (USD Million) Fig. 34 Taiwan Treatments/Procedures Analysis, 2019 Fig. 35 South Korea medical tourism market, 2016 - 2027 (USD Million) Fig. 36 South Korea Treatments/Procedures Analysis, 2019 Fig. 37 Czech Republic medical tourism market, 2016 - 2027 (USD Million) Fig. 38 Czech Republic Treatments/Procedures Analysis, 2019 Fig. 39 Spain medical tourism market, 2016 - 2027 (USD Million) Fig. 40 Spain Treatments/Procedures Analysis, 2019
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