Increasing healthcare costs in developed countries are expected to impact the Global Medical Tourism Market, which will grow at a CAGR of 19.38 percent from 2015-2019, says research firm TechNavio.
About the Report
In recent years, the Global Medical Tourism Market has witnessed an increase in the number of US patients traveling abroad for medical treatment. High healthcare costs have compelled patients to search for affordable and low-cost treatments overseas.
"Approximately 19 million people in the US are either uninsured or underinsured, which makes them unable to bear the high cost of treatment in the US," says Faisal Ghaus, Vice President of TechNavio.
"The growing aging population in the US is also expected to contribute to an increase in the number of citizens ready to avail treatment through medical tourism."
Many high-cost treatments like cosmetic surgery are not covered by insurers, which encourages patients to travel abroad for treatment. This growing number of patients traveling overseas to seek treatment is expected to boost market growth in the coming years.
Some key leading vendors like Bangkok Dusit Medical Services, Bumrungrad Hospital and KPJ Healthcare Berhad are offering competitively priced packages for international medical tourists so as to gain a competitive edge in the market.
Key Information Covered in the Report:
- Market segmentation, size and forecast through 2019
- Market Growth Drivers:
- Increased Healthcare Costs
- For a full detailed list, view our report.
- Market Challenges:
- Lack of Proper Medical Infrastructure
- For a full detailed list, view our report.
- Market Trends:
- Increase in Number of US Medical Tourists
- For a full detailed list, view our report.
- Key Vendors:
- Bumrungrad Hospital plc
- IHH Healthcare Berhad plc
- KPJ Healthcare Berhad
- Other Prominent Vendors:
- Asian Heart Institute
- Fortis Healthcare
- Medanta
TechNavio currently has more than 3000 market research reports on a huge range of topics, including 50+ reports on the tourism market:
- Global Islamic Travel Market 2014-2018
- Global Travel Agencies Market 2015-2019
If you are interested in more information, please contact our media team at media@technavio.com
Contacts:
TechNavio Research
Jes Ellacott
Media Marketing Executive
US: +1 630-333-9501
UK: +44 208 123 1770
www.technavio.com
media@technavio.com
