Asia-Pacific Medical Tourism Market to reach USD 15.15 billion by 2021.


Posted February 16, 2018 by Mounika

Medical Tourism Market by Treatment Type & by Region- Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts (2016–2021).
 
Asia-Pacific Medical Tourism Market was worth USD 5.52 billion in 2016 and estimated to be growing at a CAGR of 22.4%, to reach USD 15.15 billion by 2021.

Medical Tourism refers to people who travel to different places for the medical treatment at affordable costs that they receive at home. Medicinal tourism is the most developing business today. As developing countries are progressively heading toward technological advancements and quality administrations in the medical and healthcare area, the Asia-Pacific medical tourism market is foreseen to witness powerful development during the forecast period. Developing healthcare services by different private and government sectors are likewise expected to further support the market development. Currently, an extensive flow of patients is towards Asia, particularly Thailand, South Korea, India, and Malaysia. Most patients are from the U.S. Europe who is searching for good quality services at reasonable costs, this is considered as the major driver for Asia-pacific region.


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Drivers such as high treatment costs and long waiting time’s circumstances for medical procedures, advancements in technology, and development of market are propeeling the market. Stringent documentation forms, issues related with visa endorsement, and limited protection scope are the hindering the market.


Market Segmentation:

1 Treatment Type

1.1 Introduction

1.2 Orthopedic

1.3 Neurological

1.4 Cardiovascular

1.5 Fertility

1.6 Cancer Treatment

1.7 Y-o-Y Growth Analysis, By Treatment Type

1.8 Market Attractiveness Analysis, By Treatment Type

1.9 Market Share Analysis, By Treatment Type



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The Asia-Pacific Medical Tourism Market is broadly segmented into type of treatment. On the basis of the type of treatment, the market is further segmented into Orthopedic Treatment, Neurological Treatment, Cardiovascular Treatment, Dental Treatment, Fertility Treatment, Cancer Treatment, Cosmetic Treatment, and Others. On the basis of geography, the Asia-Pacific market is analyzed under various regions namely India, China, Japan, Australia and South Korea.


Some of the major players influencing the market are Min-Sheng General Hospital, KPJ Healthcare Berhad, Samitivej Sukhumvit, Fortis Healthcare Ltd., Apollo Hospitals Enterprise Limited, Prince Court Medical Center, Bangkok Hospital Medical Center, Asian Heart Institute, Raffles Medical Group, and Bumrungrad International Hospital.


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Last Updated February 16, 2018