View Report Details Medical Tourism Market Report ----------------------------------------2014
View Report Details Executive Summary Medical treatment abroad, also called ‘medical tourism’, is a booming international industry where patients seek healthcare services from sources outside their country. Usually every type of medical treatment is available abroad with over 50 countries identifying as destinations in medical tourism. Medical tourism is a high-value sector that generates revenue for multiple industries. Given the lucrative potential fees, more governments are dedicating resources to boost the sector in their respective countries. Medical tourists are presently traveling to faraway countries for cosmetic surgery, dental procedures, bariatric surgery, assisted reproductive technology, ophthalmologic care, orthopaedic surgery, cardiac surgery, organ and cellular transplantation, gender reassignment procedures, and even executive health evaluations. The report cites that rise in healthcare costs, long wait times, an ageing population, and increasing demand for cosmetic and dental surgery not covered by insurance in developed countries, coupled with the availability of high quality, low cost medical services in developing countries are the key drivers for the rise in medical tourism industry. Patients travelling abroad can save upto 85% of the cost of a procedure by travelling abroad. The world’s top four medical tourism destinations: Thailand, Singapore, India and Malaysia are seeing a steady increase in medical tourists every year. India is one of the lowest cost and highest quality medical tourism destination. It offers low-cost cardiovascular and orthopedic procedures, at about one-tenth the cost of similar surgeries in the US. The report “Medical Tourism Market: 2014 Edition” analyzes the development of the medical tourism market globally. The global market as well as emerging markets including Thailand, Singapore, Malaysia, India, Korea and Turkey are being discussed in the report. The major trends, growth drivers as well as issues being faced by the industry are being presented in this report. The five major players in the industry, Bumrungrad Hospital Public Company Limited, IHH Healthcare Berhad, Raffles Medical Group, Bangkok Dusit Medical Services and KPJ Healthcare Berhad, are being profiled, along with their key financials and strategies for growth
Medical tourism, medical travel or health tourism is the process of planning a trip to another country, or a city with regards to procedures and treatments. Global Medical Tourism Market Size (2008-2013) The global medical tourism market is growing fast, from US$... billion in 2011 to US$.. billion in 2012 and to US$... billion in 2013.
US$ Billion
Medical tourism is tremendously increasing in Asia with approximately … million medical tourists arriving in the region in 2013. The Asian medical tourism market is expected to expand at a CAGR of nearly …% to reach approximately US$... billion by 2017 from US$... billion in 2013.
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Thailand, India, and Singapore are expected to control more than …% market share of medical tourism market in Asia in 2015.
2013
Asian Medical Tourism Market (2013-2017E)
US$ Billion
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Number of Medical Tourists in Asia (2009-2013)
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The global demand for low-cost, sophisticated medical treatment has driven opportunities in the medical tourism market… Medical Tourism Market Size, Thailand (2010-2013E)
In 2013, medical tourism in Thailand generated approximately US$... billion of revenue as compared to US$...billion in 2012.
US$ Billion
In 2013, nearly … medical tourists visited Thailand which accounts for about ..% of the country’s total annual visitors and makes Thailand the world’s most visited medical tourism destination. In 2013, approximately US$...million were spent in Singapore by foreigners on medical goods and services and this spending by foreigners is anticipated to reach US$.... million in 2014, representing a growth of …%. It is estimated that Malaysia has received … medical tourists in 2013 and this number will grow to nearly … in 2014.
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The healthcare tourism in Malaysia contributed US$.. million in 2012 to its economy, in terms of revenue and this figure is estimated to have reached US$...million in 2013.
Medical Tourism Market Size, Singapore (2007-2014E)
US$ M illion
US$ M illion
Medical Tourism Market Size, Malaysia (2007-2014E)
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Asia is one of the first regions in the world to promote medical tourism and has created a brand name for itself for having affordable and high quality healthcare… Medical Tourism Market Size, India (2006-2014E)
The medical tourism market in India stood at US$1,100 million in 2013 and is estimated to touch US$... million by 2014, witnessing a growth of …%.
US$ M illion
The inflow of medical tourists in India is likely to cross …. by the end of 2014 from …. in 2013, due to the availability of world class medical treatment at a fraction of the cost. Korea’s medical tourism market has grown from nearly US$... million in 2012 to US$... million in 2013, displaying a growth of … %. The number of medical tourists in Korea jumped from …. in 2009 to … in 2012 and this number is estimated to have further surged to …. in 2013.
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The medical tourism market in Turkey stood at nearly US$.... million in 2012 and is estimated to have increased ….%, to approximately US$...million in 2013.
2014E
Medical Tourism Market Size, Korea (2007-2014E)
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Medical Tourism Market Size, Turkey (2007-2014E)
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View Report Contact Us:Details These are abridged and sanitized sample pages from the comprehensive report on the “ Medical Tourism Market Report ”. To know more about this report or for any customized research requirement, please contact the following:
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