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Medical Tourism Market Global Report 2020-30: Covid 19 Growth and Change

Starting Price : $ 6000.00 | Pages : 150 | Published : May 2020 | SKU CODE : 7502 | 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 countries lacking healthcare infrastructure or having high healthcare costs to major medical centers in developing countries.

The global medical tourism market is expected to decline from $37.72 billion in 2019 to $19.8 billion in 2020 at a compound annual growth rate (CAGR) of -47.53%. The decline is mainly due to the COVID-19 outbreak that has led to restrictive containment measures involving social distancing, remote working, restriction on cross-border travel and the closure of industries and other commercial activities. The ban on cross-border travel reduces the number of international patients, impacting the market. The market is then expected to recover and reach $33.54 billion in 2023 at CAGR of 19.2%.

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

The medical tourism market covered in this report is segmented by treatment type into cosmetic treatment, dental treatment, cardiovascular treatment, orthopedics treatment, bariatric treatment, fertility treatment, ophthalmic treatment, and others.

High healthcare costs in developed countries are 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 costs. 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.

The coronavirus disease (COVID-19) outbreak is to act as a major restraint for the growth of the medical tourism industry during 2020 and 2021. According to the World Health Organization’s report, 213 countries are affected by the COVID-19 outbreak, including countries with a high number of medical tourists such as the USA, China, Japan, and South Korea. The government of various countries has banned travelers from affected countries, barred flights to certain countries, and changed visa requirements. The American Centers for Disease Control and Prevention (CDC) predicted that the situation could last into 2021 and is likely to impact the medical tourism industry significantly. Therefore, the coronavirus outbreak and travel bans are expected to restrict the growth of the medical tourism industry in the foreseeable future.

Patients travelling across countries for medical treatment are increasingly using electronic health records to store information related to health in digital format. An 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 major electronic health records software include eClinicalWorks, Allscripts, Cerner.

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.

The major players in the global medical tourism market are Apollo Hospital Enterprise Limited, Prince Court Medical Center, Bumrungrad International Hospital,  KPJ Healthcare Berhad,  Fortis Health Ltd.,  Raffles Medical Group,  Bangkok Hospital Medical Center, Samitivej PCL.,  Min-Sheng General Hospital,  Asian Heart Institute, Asklepios Klinik Barmbek, Spire Healthcare,  Medanta,  IHH Healthcare Berhad,  Anadolu Medical Centre , Clemenceau Medical Centre ,  Gleneagles Hospital , Mount Elizabeth Hospital, Healthbase,  Klinikum Medical Link ,  NTT Medical Center Tokyo,  Seoul National University Hospital,  UZ Leuven, Wooridul Spine Hospital, Aditya Birla Memorial Hospital, Barbados Fertility Center.

The countries covered in the global medical tourism market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

The global medical tourism market is segmented:
1) By Treatment Type: Cosmetic Treatment, Dental Treatment, Cardiovascular Treatment, Orthopedics Treatment, Bariatric Treatment, Fertility Treatment, Ophthalmic Treatment, Others.

    1. Executive Summary

    2. Medical Tourism Market Characteristics

    3. Medical Tourism Market Size And Growth

    3.1. Global Medical Tourism Historic Market, 2015 - 2019, $ Billion

    3.1.1. Drivers Of The Market

    3.1.2. Restraints On The Market

    3.2. Global Medical Tourism Forecast Market, 2019 - 2023F, 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, 2015-2019, 2023F, 2025F, 2030F, $ Billion

    Cosmetic Treatment

    Dental Treatment

    Cardiovascular Treatment

    Orthopedics Treatment

    Bariatric Treatment

    Fertility Treatment

    Opthalmic Treatment

    Others

    5. Medical Tourism Market Regional And Country Analysis

    5.1. Global Medical Tourism Market, Split By Region, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

    5.2. Global Medical Tourism Market, Split By Country, Historic and Forecast, 2015-2019, 2023F, 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, 2015-2019, 2023F, 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, 2015-2019, 2023F, 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, 2015-2019, 2023F, 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, 2015-2019, 2023F, 2025F, 2030F, $ Billion

    10. Australia Medical Tourism Market  

    10.1. Australia Medical Tourism Market, Segmentation By Treatment Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

    11. Indonesia Medical Tourism Market  

    11.1. Indonesia Medical Tourism Market, Segmentation By Treatment Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

    12. South Korea Medical Tourism Market  

    12.1. South Korea Medical Tourism Market, Segmentation By Treatment Type, Historic and Forecast, 2015-2019, 2023F, 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, 2015-2019, 2023F, 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, 2015-2019, 2023F, 2025F, 2030F, $ Billion

    15. Germany Medical Tourism Market  

    15.1. Germany Medical Tourism Market, Segmentation By Treatment Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

    16. France Medical Tourism Market  

    16.3. France Medical Tourism Market, Segmentation By Treatment Type, Historic and Forecast, 2015-2019, 2023F, 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, 2015-2019, 2023F, 2025F, 2030F, $ Billion

    18. Russia Medical Tourism Market  

    18.1. Russia Medical Tourism Market, Segmentation By Treatment Type, Historic and Forecast, 2015-2019, 2023F, 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, 2015-2019, 2023F, 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, 2015-2019, 2023F, 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, 2015-2019, 2023F, 2025F, 2030F, $ Billion

    22. Brazil Medical Tourism Market  

    22.1. Brazil Medical Tourism Market, Segmentation By Treatment Type, Historic and Forecast, 2015-2019, 2023F, 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, 2015-2019, 2023F, 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, 2015-2019, 2023F, 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, 2015-2019, $ Billion
  • Table 2: Global Forecast Market Growth, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Table 3: Global Medical Tourism Market, Segmentation By Treatment Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Table 4: Global Medical Tourism Market, Split By Region, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Table 5: Global Medical Tourism Market, Split By Country, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Table 6: Asia-Pacific, Medical Tourism Market, Segmentation By Treatment Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Table 7: China, Medical Tourism Market, Segmentation By Treatment Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Table 8: India, Medical Tourism Market, Segmentation By Treatment Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Table 9: Japan, Medical Tourism Market, Segmentation By Treatment Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Table 10: Australia, Medical Tourism Market, Segmentation By Treatment Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Table 11: Indonesia, Medical Tourism Market, Segmentation By Treatment Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Table 12: South Korea, Medical Tourism Market, Segmentation By Treatment Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Table 13: Western Europe, Medical Tourism Market, Segmentation By Treatment Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Table 14: UK, Medical Tourism Market, Segmentation By Treatment Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Table 15: Germany, Medical Tourism Market, Segmentation By Treatment Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Table 16: France, Medical Tourism Market, Segmentation By Treatment Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Table 17: Eastern Europe, Medical Tourism Market, Segmentation By Treatment Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Table 18: Russia, Medical Tourism Market, Segmentation By Treatment Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Table 19: North America, Medical Tourism Market, Segmentation By Treatment Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Table 20: USA, Medical Tourism Market, Segmentation By Treatment Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Table 21: South America, Medical Tourism Market, Segmentation By Treatment Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Table 22: Brazil, Medical Tourism Market, Segmentation By Treatment Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Table 23: Middle East, Medical Tourism Market, Segmentation By Treatment Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Table 24: Africa, Medical Tourism Market, Segmentation By Treatment Type, Historic and Forecast, 2015-2019, 2023F, 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, 2015-2019, $ Billion
  • Figure 2: Global Forecast Market Growth, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Figure 3: Global Medical Tourism Market, Segmentation By Treatment Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Figure 4: Global Medical Tourism Market, Split By Region, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Figure 5: Global Medical Tourism Market, Split By Country, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Figure 6: Asia-Pacific, Medical Tourism Market, Segmentation By Treatment Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Figure 7: China, Medical Tourism Market, Segmentation By Treatment Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Figure 8: India, Medical Tourism Market, Segmentation By Treatment Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Figure 9: Japan, Medical Tourism Market, Segmentation By Treatment Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Figure 10: Australia, Medical Tourism Market, Segmentation By Treatment Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Figure 11: Indonesia, Medical Tourism Market, Segmentation By Treatment Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Figure 12: South Korea, Medical Tourism Market, Segmentation By Treatment Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Figure 13: Western Europe, Medical Tourism Market, Segmentation By Treatment Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Figure 14: UK, Medical Tourism Market, Segmentation By Treatment Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Figure 15: Germany, Medical Tourism Market, Segmentation By Treatment Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Figure 16: France, Medical Tourism Market, Segmentation By Treatment Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Figure 17: Eastern Europe, Medical Tourism Market, Segmentation By Treatment Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Figure 18: Russia, Medical Tourism Market, Segmentation By Treatment Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Figure 19: North America, Medical Tourism Market, Segmentation By Treatment Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Figure 20: USA, Medical Tourism Market, Segmentation By Treatment Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Figure 21: South America, Medical Tourism Market, Segmentation By Treatment Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Figure 22: Brazil, Medical Tourism Market, Segmentation By Treatment Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Figure 23: Middle East, Medical Tourism Market, Segmentation By Treatment Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Figure 24: Africa, Medical Tourism Market, Segmentation By Treatment Type, Historic and Forecast, 2015-2019, 2023F, 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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