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Medical Tourism Global Market Report 2019

Starting Price : $ 4000.00 | Pages : 200 | Published : December 2019 | SKU CODE : 7168 | Format :


The medical tourism market includes revenues generated by healthcare service providers by diagnosing and treating the patients who travel across international borders to obtain medical treatment. Patients usually travel from from countries lacking healthcare infrastructure or having high healthcare costs to major medical centers in developing countries.

The global medical tourism market was valued at about $32.35 billion in 2018 and is expected to grow to $59.8 billion at a CAGR of 16.6% through 2022.

Asia Pacific is the fastest growing region in medical tourism market, in which Thailand holds the maximum share.

High healthcare cost in developed countries is driving growth in the medical tourism market as developing countries are able to provide cheaper treatment. Patients usually travel to developing countries with quality healthcare infrastructure and low healthcare costs. According to a study conducted by the Centers for Disease Control and Prevention in 2017, approximately 0.75 -1.6 million people from the USA travel out of the country for medical care to avoid high treatment cost. For instance, a hip replacement surgery in the USA costs approximately $39,299 while the same surgery in India, Costa Rica or other developing countries would cost between $7000 and $15,000 including logistics.

Incidences of misdiagnosis and lack of after-treatment follow ups is acting as a restraint on the medical tourism market. Misdiagnosis occurs when a doctor fails to correctly diagnose a patients ailment or injury, resulting in harm or even death of the patient. Also, lack of follow-ups after the patients return to their home country is resulting in ineffective treatment. According to a study by Johns Hopkins University in 2016, medical error led to more than 250,000 deaths every year in the USA. A major factor contributing to these medical errors was misdiagnosis done by the doctors which led to serious issues in patients.

Patients travelling across countries for medical treatment are increasingly using electronic health records to store information related to health in digital format. Electronic health record is the systematic collection of patient health and medical examination reports stored electronically. These health records can be accessed instantly and securely by authorized users. Electronic health records eliminate the need to carry heavy medical records for patients travelling long distances for treatment. Some of the major electronic health records softwares include eClinicalWorks, Allscripts, Cerner.

Facilities providing healthcare services to international patients are governed by health ministries and other regulatory bodies. For instance, the Ministry of Health in Turkey regulates standards of service provided within the scope of international health tourism and is responsible for authorization and supervision of health institutions and intermediary institutions that provide such services. Healthcare facilities governed by these regulations include public hospitals, university hospitals, private health institutions and intermediaries that provide healthcare services to international patients. According to Article 5 of the Regulation, it is mandatory for the health facilities and intermediary institutions that fall within the scope of the Regulation to obtain an IHT (international health tourism) authorization certificate. The Ministry of Health will suspend international health tourism activities of the health institutions that fail to obtain the IHT authorization certificate. These institutions/ health facilities must also comply with other standards such as the pricing of Services and Invoicing and Documentation for Payments and other Information and Publicity Rules.

In November 2018, IHH Healthcare acquired Fortis Healthcare for $1.1 billion. Fortis Healthcare was established in 2001 and headquartered at Gurgaon, India. It is an integrated healthcare service provider which works in verticals like hospitals, diagnostics and day care specialty facilities. With this acquisition, IHH Healthcare will get access to Fortis' network of 34 hospitals and enable it to expand its presence in India.

Major players in the market are Apollo Hospital Enterprise Limited, Prince Court Medical Center, Bumrungrad International Hospital, KPJ Healthcare Berhad, Fortis Health Ltd.

    1. Executive Summary

    2. Medical Tourism Market Characteristics

    3. Medical Tourism Market Size And Growth

    3.1. Global Medical Tourism Historic Market, 2014 - 2018, $ Billion

    3.1.1. Drivers Of The Market

    3.1.2. Restraints On The Market

    3.2. Global Medical Tourism Forecast Market, 2018 - 2022F, 2025F, 2030F, $ Billion

    3.2.1. Drivers Of The Market

    3.2.2. Restraints On the Market

    4. Medical Tourism Market Segmentation

    4.1. Global Medical Tourism Market, Segmentation By Treatment Type, Historic and Forecast, 2014-2018, 2022F, 2025F, 2030F, $ Billion

    Cosmetic Treatment

    Dental Treatment

    Cardiovascular Treatment

    Orthopedics Treatment

    Bariatric Treatment

    Fertility Treatment

    Ophthalmic Treatment

    Others

    5. Medical Tourism Market Regional And Country Analysis

    5.1. Global Medical Tourism Market, Split By Region, Historic and Forecast, 2014-2018, 2022F, 2025F, 2030F, $ Billion

    5.2. Global Medical Tourism Market, Split By Country, Historic and Forecast, 2014-2018, 2022F, 2025F, 2030F, $ Billion

    6. Asia-Pacific Medical Tourism Market  

    6.1. Asia-Pacific Medical Tourism Market Overview  

    6.2. Asia-Pacific Medical Tourism Market, Segmentation By Treatment Type, Historic and Forecast, 2014-2018, 2022F, 2025F, 2030F, $ Billion

    7. China Medical Tourism Market  

    7.1. China Medical Tourism Market Overview  

    7.2. China Medical Tourism Market, Segmentation By Treatment Type, Historic and Forecast, 2014-2018, 2022F, 2025F, 2030F,$ Billion

    8. India Medical Tourism Market  

    8.1. India Medical Tourism Market Overview  

    8.2. India Medical Tourism Market, Segmentation By Treatment Type, Historic and Forecast, 2014-2018, 2022F, 2025F, 2030F, $ Billion

    9. Japan Medical Tourism Market  

    9.1. Japan Medical Tourism Market Overview  

    9.2. Japan Medical Tourism Market, Segmentation By Treatment Type, Historic and Forecast, 2014-2018, 2022F, 2025F, 2030F, $ Billion

    10. Australia Medical Tourism Market  

    10.1. Australia Medical Tourism Market, Segmentation By Treatment Type, Historic and Forecast, 2014-2018, 2022F, 2025F, 2030F, $ Billion

    11. Indonesia Medical Tourism Market  

    11.1. Indonesia Medical Tourism Market, Segmentation By Treatment Type, Historic and Forecast, 2014-2018, 2022F, 2025F, 2030F, $ Billion

    12. South Korea Medical Tourism Market  

    12.1. South Korea Medical Tourism Market, Segmentation By Treatment Type, Historic and Forecast, 2014-2018, 2022F, 2025F, 2030F, $ Billion

    13. Western Europe Medical Tourism Market  

    13.1. Western Europe Medical Tourism Market Overview

    13.2. Western Europe Medical Tourism Market, Segmentation By Treatment Type, Historic and Forecast, 2014-2018, 2022F, 2025F, 2030F, $ Billion

    14. UK Medical Tourism Market  

    14.1. UK Medical Tourism Market Overview

    14.2. UK Medical Tourism Market, Segmentation By Treatment Type, Historic and Forecast, 2014-2018, 2022F, 2025F, 2030F, $ Billion

    15. Germany Medical Tourism Market  

    15.1. Germany Medical Tourism Market, Segmentation By Treatment Type, Historic and Forecast, 2014-2018, 2022F, 2025F, 2030F, $ Billion

    16. France Medical Tourism Market  

    16.3. France Medical Tourism Market, Segmentation By Treatment Type, Historic and Forecast, 2014-2018, 2022F, 2025F, 2030F, $ Billion

    17. Eastern Europe Medical Tourism Market  

    17.1. Eastern Europe Medical Tourism Market Overview

    17.2. Eastern Europe Medical Tourism Market, Segmentation By Treatment Type, Historic and Forecast, 2014-2018, 2022F, 2025F, 2030F, $ Billion

    18. Russia Medical Tourism Market  

    18.1. Russia Medical Tourism Market, Segmentation By Treatment Type, Historic and Forecast, 2014-2018, 2022F, 2025F, 2030F, $ Billion

    19. North America Medical Tourism Market  

    19.1. North America Medical Tourism Market Overview

    19.2. North America Medical Tourism Market, Segmentation By Treatment Type, Historic and Forecast, 2014-2018, 2022F, 2025F, 2030F, $ Billion

    20. USA Medical Tourism Market  

    20.1. USA Medical Tourism Market Overview

    20.2. USA Medical Tourism Market, Segmentation By Treatment Type, Historic and Forecast, 2014-2018, 2022F, 2025F, 2030F, $ Billion

    21. South America Medical Tourism Market  

    21.1. South America Medical Tourism Market Overview

    21.2. South America Medical Tourism Market, Segmentation By Treatment Type, Historic and Forecast, 2014-2018, 2022F, 2025F, 2030F, $ Billion

    22. Brazil Medical Tourism Market  

    22.1. Brazil Medical Tourism Market, Segmentation By Treatment Type, Historic and Forecast, 2014-2018, 2022F, 2025F, 2030F, $ Billion

    23. Middle East Medical Tourism Market  

    23.1. Middle East Medical Tourism Market Overview

    23.2. Middle East Medical Tourism Market, Segmentation By Treatment Type, Historic and Forecast, 2014-2018, 2022F, 2025F, 2030F, $ Billion

    24. Africa Medical Tourism Market  

    24.1. Africa Medical Tourism Market Overview

    24.2. Africa Medical Tourism Market, Segmentation By Treatment Type, Historic and Forecast, 2014-2018, 2022F, 2025F, 2030F, $ Billion

    25. Medical Tourism Market Competitive Landscape And Company Profiles

    25.1. Medical Tourism Market Competitive Landscape

    25.2. Medical Tourism Market Company Profiles

    25.2.1. Apollo Hospital Enterprise Limited

    25.2.1.1. Overview

    25.2.1.2. Products and Services

    25.2.1.3. Strategy

    25.2.1.4. Financial Performance

    25.2.2. Prince Court Medical Center

    25.2.2.1. Overview

    25.2.2.2. Products and Services

    25.2.2.3. Strategy

    25.2.2.4. Financial Performance

    25.2.3. Bumrungrad International Hospital

    25.2.3.1. Overview

    25.2.3.2. Products and Services

    25.2.3.3. Strategy

    25.2.3.4. Financial Performance

    25.2.4. KPJ Healthcare Berhad

    25.2.4.1. Overview

    25.2.4.2. Products and Services

    25.2.4.3. Strategy

    25.2.4.4. Financial Performance

    25.2.5. Fortis Health Ltd.

    25.2.5.1. Overview

    25.2.5.2. Products and Services

    25.2.5.3. Strategy

    25.2.5.4. Financial Performance

    26. Key Mergers And Acquisitions In The Medical Tourism Market

    27. Medical Tourism Market Trends And Strategies

    28. Medical Tourism Market Future Outlook and Potential Analysis

    29. Appendix

    29.1. Abbreviations

    29.2. Currencies

    29.3. Research Inquiries

    29.4. The Business Research Company

    29.5. Copyright And Disclaimer

List Of Tables

    Table 1: Global Historic Market Growth, 2014-2018, $ Billion
  • Table 2: Global Forecast Market Growth, 2014-2022F, 2025F, 2030F, $ Billion
  • Table 3: Global Medical Tourism Market, Segmentation By Treatment Type, Historic and Forecast, 2014-2018, 2022F, 2025F, 2030F, $ Billion
  • Table 4: Global Medical Tourism Market, Split By Region, Historic and Forecast, 2014-2018, 2022F, 2025F, 2030F, $ Billion
  • Table 5: Global Medical Tourism Market, Split By Country, Historic and Forecast, 2014-2018, 2022F, 2025F, 2030F, $ Billion
  • Table 6: Asia-Pacific, Medical Tourism Market, Segmentation By Treatment Type, Historic and Forecast, 2014-2018, 2022F, 2025F, 2030F, $ Billion
  • Table 7: China, Medical Tourism Market, Segmentation By Treatment Type, Historic and Forecast, 2014-2018, 2022F, 2025F, 2030F, $ Billion
  • Table 8: India, Medical Tourism Market, Segmentation By Treatment Type, Historic and Forecast, 2014-2018, 2022F, 2025F, 2030F, $ Billion
  • Table 9: Japan, Medical Tourism Market, Segmentation By Treatment Type, Historic and Forecast, 2014-2018, 2022F, 2025F, 2030F, $ Billion
  • Table 10: Australia, Medical Tourism Market, Segmentation By Treatment Type, Historic and Forecast, 2014-2018, 2022F, 2025F, 2030F, $ Billion
  • Table 11: Indonesia, Medical Tourism Market, Segmentation By Treatment Type, Historic and Forecast, 2014-2018, 2022F, 2025F, 2030F, $ Billion
  • Table 12: South Korea, Medical Tourism Market, Segmentation By Treatment Type, Historic and Forecast, 2014-2018, 2022F, 2025F, 2030F, $ Billion
  • Table 13: Western Europe, Medical Tourism Market, Segmentation By Treatment Type, Historic and Forecast, 2014-2018, 2022F, 2025F, 2030F, $ Billion
  • Table 14: UK, Medical Tourism Market, Segmentation By Treatment Type, Historic and Forecast, 2014-2018, 2022F, 2025F, 2030F, $ Billion
  • Table 15: Germany, Medical Tourism Market, Segmentation By Treatment Type, Historic and Forecast, 2014-2018, 2022F, 2025F, 2030F, $ Billion
  • Table 16: France, Medical Tourism Market, Segmentation By Treatment Type, Historic and Forecast, 2014-2018, 2022F, 2025F, 2030F, $ Billion
  • Table 17: Eastern Europe, Medical Tourism Market, Segmentation By Treatment Type, Historic and Forecast, 2014-2018, 2022F, 2025F, 2030F, $ Billion
  • Table 18: Russia, Medical Tourism Market, Segmentation By Treatment Type, Historic and Forecast, 2014-2018, 2022F, 2025F, 2030F, $ Billion
  • Table 19: North America, Medical Tourism Market, Segmentation By Treatment Type, Historic and Forecast, 2014-2018, 2022F, 2025F, 2030F, $ Billion
  • Table 20: USA, Medical Tourism Market, Segmentation By Treatment Type, Historic and Forecast, 2014-2018, 2022F, 2025F, 2030F, $ Billion
  • Table 21: South America, Medical Tourism Market, Segmentation By Treatment Type, Historic and Forecast, 2014-2018, 2022F, 2025F, 2030F, $ Billion
  • Table 22: Brazil, Medical Tourism Market, Segmentation By Treatment Type, Historic and Forecast, 2014-2018, 2022F, 2025F, 2030F, $ Billion
  • Table 23: Middle East, Medical Tourism Market, Segmentation By Treatment Type, Historic and Forecast, 2014-2018, 2022F, 2025F, 2030F, $ Billion
  • Table 24: Africa, Medical Tourism Market, Segmentation By Treatment Type, Historic and Forecast, 2014-2018, 2022F, 2025F, 2030F, $ Billion
  • Table 25: Apollo Hospital Enterprise Limited Financial Performance
  • Table 26: Prince Court Medical Center Financial Performance
  • Table 27: Bumrungrad International Hospital Financial Performance
  • Table 28: KPJ Healthcare Berhad Financial Performance
  • Table 29: Fortis Health Ltd. Financial Performance

List Of Figures

    Figure 1: Global Historic Market Growth, 2014-2018, $ Billion
  • Figure 2: Global Forecast Market Growth, 2014-2022F, 2025F, 2030F, $ Billion
  • Figure 3: Global Medical Tourism Market, Segmentation By Treatment Type, Historic and Forecast, 2014-2018, 2022F, 2025F, 2030F, $ Billion
  • Figure 4: Global Medical Tourism Market, Split By Region, Historic and Forecast, 2014-2018, 2022F, 2025F, 2030F, $ Billion
  • Figure 5: Global Medical Tourism Market, Split By Country, Historic and Forecast, 2014-2018, 2022F, 2025F, 2030F, $ Billion
  • Figure 6: Asia-Pacific, Medical Tourism Market, Segmentation By Treatment Type, Historic and Forecast, 2014-2018, 2022F, 2025F, 2030F, $ Billion
  • Figure 7: China, Medical Tourism Market, Segmentation By Treatment Type, Historic and Forecast, 2014-2018, 2022F, 2025F, 2030F, $ Billion
  • Figure 8: India, Medical Tourism Market, Segmentation By Treatment Type, Historic and Forecast, 2014-2018, 2022F, 2025F, 2030F, $ Billion
  • Figure 9: Japan, Medical Tourism Market, Segmentation By Treatment Type, Historic and Forecast, 2014-2018, 2022F, 2025F, 2030F, $ Billion
  • Figure 10: Australia, Medical Tourism Market, Segmentation By Treatment Type, Historic and Forecast, 2014-2018, 2022F, 2025F, 2030F, $ Billion
  • Figure 11: Indonesia, Medical Tourism Market, Segmentation By Treatment Type, Historic and Forecast, 2014-2018, 2022F, 2025F, 2030F, $ Billion
  • Figure 12: South Korea, Medical Tourism Market, Segmentation By Treatment Type, Historic and Forecast, 2014-2018, 2022F, 2025F, 2030F, $ Billion
  • Figure 13: Western Europe, Medical Tourism Market, Segmentation By Treatment Type, Historic and Forecast, 2014-2018, 2022F, 2025F, 2030F, $ Billion
  • Figure 14: UK, Medical Tourism Market, Segmentation By Treatment Type, Historic and Forecast, 2014-2018, 2022F, 2025F, 2030F, $ Billion
  • Figure 15: Germany, Medical Tourism Market, Segmentation By Treatment Type, Historic and Forecast, 2014-2018, 2022F, 2025F, 2030F, $ Billion
  • Figure 16: France, Medical Tourism Market, Segmentation By Treatment Type, Historic and Forecast, 2014-2018, 2022F, 2025F, 2030F, $ Billion
  • Figure 17: Eastern Europe, Medical Tourism Market, Segmentation By Treatment Type, Historic and Forecast, 2014-2018, 2022F, 2025F, 2030F, $ Billion
  • Figure 18: Russia, Medical Tourism Market, Segmentation By Treatment Type, Historic and Forecast, 2014-2018, 2022F, 2025F, 2030F, $ Billion
  • Figure 19: North America, Medical Tourism Market, Segmentation By Treatment Type, Historic and Forecast, 2014-2018, 2022F, 2025F, 2030F, $ Billion
  • Figure 20: USA, Medical Tourism Market, Segmentation By Treatment Type, Historic and Forecast, 2014-2018, 2022F, 2025F, 2030F, $ Billion
  • Figure 21: South America, Medical Tourism Market, Segmentation By Treatment Type, Historic and Forecast, 2014-2018, 2022F, 2025F, 2030F, $ Billion
  • Figure 22: Brazil, Medical Tourism Market, Segmentation By Treatment Type, Historic and Forecast, 2014-2018, 2022F, 2025F, 2030F, $ Billion
  • Figure 23: Middle East, Medical Tourism Market, Segmentation By Treatment Type, Historic and Forecast, 2014-2018, 2022F, 2025F, 2030F, $ Billion
  • Figure 24: Africa, Medical Tourism Market, Segmentation By Treatment Type, Historic and Forecast, 2014-2018, 2022F, 2025F, 2030F, $ Billion
  • Figure 25: Apollo Hospital Enterprise Limited Financial Performance
  • Figure 26: Prince Court Medical Center Financial Performance
  • Figure 27: Bumrungrad International Hospital Financial Performance
  • Figure 28: KPJ Healthcare Berhad Financial Performance
  • Figure 29: Fortis Health Ltd. Financial Performance
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