Infinium Global Research Medical Tourism Market | Page 2
Medical Tourism Market: Trends and Forecast -2023
The Infinium Global Research analyzes the report of Medical Tourism Market over
the period of 2017 to 2023. This report also provides detailed qualitative and
quantitative analyses of the market dynamics, market size and future trends in
Global Medical Tourism Market. It will help a lot of decision makers to develop
strategies and find new opportunities in the Global markets of Medical Tourism.
The report covers market changing aspects including drivers, restraints,
opportunities, and trends expected to encouragement the expansion of the
Medical Tourism Market during the said period. The report also provides market
attractiveness analysis, by geography, and market share analysis, by key players
respectively. Some of the prominent participants in the Global Medical Tourism
Market are Apollo Hospitals Enterprise Limited, Prince Court Medical Centre, KPJ
Healthcare Berhad, Barbados Fertility Centre, UZ Leuven (University Hospitals
Leuven), Asian Heart Institute and Seoul National University Hospital. According to
report the global medical tourism market is projected to grow at a CAGR of 14.5%
over the forecast period of 2017-2023.
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The global growth in the flow of patients and health professionals as well as
medical technology, capital funding and regulatory regimes across national borders
has given rise to new patterns of consumption and production of healthcare
services over recent decades. Moreover, as healthcare treatment turns costlier in
developed countries, the people travel from one country to another to receive a
medical treatment, which is referred as medical tourism. These medical treatments
could be either sophisticated treatments, which include cardiac, orthopedic, dental,
and neurosurgeries; or non-compulsory treatments such as cosmetic surgeries.
Costa Rica, India, Israel, Malaysia, Mexico, Thailand, Turkey, Singapore, South
Korea, Taiwan and United States are some of the key destination countries for the
medical tourism patients.
High cost of treatments, rise in base of geriatric population, increasing adoption of
sophisticated technology, increasing awareness about cost effective treatments
available in developing countries, and favorable exchange rates are key factors
driving the market growth. In addition, long waiting time for treatment in some
countries, and employers, insurers and health insurance agents who are seeking
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