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The medical tourism market is forecasted to achieve notable growth in the coming few years with a forecast CAGR (compound annual growth rate) of 11%, as per The Business Research Company’s market report!

Read More On The Medical Tourism Market Report 2022 – https://www.thebusinessresearchcompany.com/report/medical-tourisms-global-market-report

The Medical Tourism Market Size In 2022 And Forecast

The global medical tourism market is expected to grow from $32.02 billion in 2021 to $35.77 billion in 2022 at a compound annual growth rate (CAGR) of 11.7%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, surge in commodity prices, and supply chain disruptions, effecting many markets across the globe. The medical tourism market is expected to grow to $54.43 billion in 2026 at a CAGR of 11.1%.

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.

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High Healthcare Cost In Developed Countries Is Driving The Growth Of The Medical Tourism Market

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.

Competitive Landscape And The Regional Analysis Of The Medical Tourism Market

Major players in the 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 and Asian Heart Institute.

The Medical Tourism Global Market Report 2022  covers regional data on key drivers, opportunities, and strategies for the seven major regions of the world that are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the medical tourism market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA. The report includes market size and forecast market shares for all the regions and countries with respect to the major players of the medical tourism market.

Using Electronic Health Records – A Key Trend In The Medical Tourism Market

Patients traveling 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.

Medical Tourism Market Segmentation By The Business Research Company

1) By Treatment Type: Cosmetic Treatment, Dental Treatment, Cardiovascular Treatment, Orthopedics Treatment, Bariatric Treatment, Fertility Treatment, Opthalmic Treatment, Others

2) By Type: Domestic, International

3) By Healthcare Service: Medical Treatment, Wellness, Alternative Treatment

4) By Service Providers: Public, Private

Here Are Some Reports Related To The Medical Tourism Market –

Telehealth Global Market Report 2022

Healthcare Services Global Market Report 2022

Digital Health Market Report 2022

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