DUBLIN–(BUSINESS WIRE)–The “Medical Tourism In A Changing World – A Global Market Report” report has been added to ResearchAndMarkets.com’s offering.
Medical tourism is again booming. Medical tourists may number an estimated 14 million and rising so they are increasingly being courted by nations. The world has changed so medical tourism destinations and businesses risk being left behind. Medical tourism represents a promising growth market within tourism. Medical tourism will grow by 10% a year and as economies recover this will reach 20%. Outward medical travel is a global industry valued at hundreds of billions of dollars and is projected to grow dramatically over the next five years.
Ian Youngman has spent the last 20 years writing on, researching, collecting information and analysing global medical tourism.
“I expected a slow medical tourism recovery after the pandemic closed borders but have been surprised how quickly the business has rebounded.
But those expecting to carry on as if in 2019 will be in for a nasty shock as not only has the world and customer expectations changed but despite some countries exiting the market, new players have the potential to take on existing top destinations”.
This report has the latest information, facts and figures on medical tourism and predicts future trends.
Ten Key Trends
- The greater proportion of medical travel is regional or domestic within a country.
- The increasing cost of air travel and decreased wish to travel a long distance combined means long distance medical tourism is fading.
- Many medical tourists do not seek out the cheapest destination.
- Much medical tourism is for cosmetic, fertility or dental treatment.
- Medical tourists are increasingly being courted by nations in an organised way.
- The key drivers for medical tourism are the lack of insurance and services (in the patients’ home country), lower costs, better quality care, procedures unavailable at home and shorter waiting periods.
- Practices like opening offices in source markets; raising awareness about their competitive edge, effective communication, offering ease of visa and travel bundled with tourism-and-treatment were popular strategies.
- Healthcare businesses are setting up physically in another country.
- Some countries have exited the market but others known as suppliers- are becoming destinations.
- Electronic telemedicine is where a patient gets help from a doctor in another country without either travelling.
Dynamic market
- The medical tourism market is a dynamic one that is fast moving and changing quickly.
Who the report is for
- Medical tourism destinations
- Global healthcare providers
- Medical tourism agents
- Medical tourism trainers and consultants
- Management consultants
- Insurance companies and brokers
- Professionals working in global healthcare markets
- Hospital and clinic groups operating internationally
- Travel agents
- Banks and other financial institutions
- Investors and private equity
- National and local government policy makers
- Lawyers
- Policy advisors
- Think tanks
- Assistance companies
- Travel managers
Why buy this report?
- Keep up to date with trends in medical tourism and how the market is changing
- Understand the impact of political and economic changes.
- See an overview of what key countries are doing.
- Find out which countries are succeeding in promoting medical tourism.
Key Topics Covered:
- Market definitions
- Ten key trends
- Top ten destinations by revenue
- Top ten sources of medical tourism
- Global medical tourism in a changing world
- Medical tourism in 2023 and beyond
- Tourism and medical tourism in 2023
- Medical tourism traditional
- Medical tourism new definitions
- How medical tourism is changing
- How medical tourism needs to change
- Medical tourism strategy and planning
- Global figures on medical tourism
- International patients
- Why migration affects figures
- Global medical tourism figures by country
- Regional promotion
- Diasporic medical tourism
- High value state paid patients
- Taking hospitals to the patients
- How medical tourism will evolve
- Dental care in Europe
- Hair transplant surgery
- Spa customers
- Spas and medical tourism
- Global medical costs
- How to build a medical tourism destination
- Moving away from price
- Price versus quality
- Domestic medical tourism
- Hotels and medical tourism
- Sanctions against Russia
- Asia-Pacific
- Caribbean
- Europe
- Gulf and Middle East
- Future of top medical tourism countries
- Country news and plans
- New from leading accreditor organisations
For more information about this report visit https://www.researchandmarkets.com/r/bmeic3
About ResearchAndMarkets.com
ResearchAndMarkets.com is the world’s leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.
Contacts
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
For U.S./ CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
