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Trends in the Medical Tourism Market 2014-2020

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Medical tourism is one of the most dynamically growing industries today. Considered to be the direct impact of globalisation of healthcare, medical tourism certainly exhibits strong growth potential globally. However, based on FMI’s research, the market of medical tourism is expected to concentrate within most of the emerging economies of the world.\n\nAs developing nations are increasingly heading toward technological advancement and quality services in the medical and healthcare sector, the global medical tourism market is anticipated to witness robust growth over 2014-2020, predominantly in Asian countries.\n\nThe top treatments people travel abroad for, include cancer therapy, cardiovascular surgeries, orthopaedic treatments, dentistry, cosmetic surgeries, reproductive treatments, weight loss therapies, health screenings, and medical tests and scans. In severe cases, a sizeable patient population also seeks second opinion from specialist doctors out of their countries.

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Global Medical

Tourism Market

Share, Global Trends,

Analysis, Research, Report,


Segmentation and Forecast,

2014 - 2020

Future Market Insights

[email protected]

Report Description

Report Description

Medical tourism is a popular trend that has come about due to advances in the field of medical

technology, growing number of patients and high level of expertise in the medical field. Simply

explained, people travelling from their home country to another country with the intention to

secure medical treatment, which might not be available in their homeland, is known as medical

tourism. Segments such as cosmetic surgery, dental care, fertility treatment, cardiology and

cardiac surgery are the key promoters of medical tourism. Medical tourism has made it easy for

patients to travel to other countries and get much-needed medical treatment and undergo

surgeries. On the other hand, this does have some disadvantages such as low quality medical

treatment. Also people from developed and advanced economies travel to emerging nations,

thus affecting the revenue generation in their respective nation, for instance approximately 1

million Americans travelled outside the US for medical treatment in 2014.

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Medical tourism is rapidly gaining popularity in Asian countries owing to features such as

reasonable cost of medical treatments and surgery, advanced medical technology, hospitality

services, medical professionals and expertise, qualified doctors and nurses, favorable currency

exchange rate etc. Trusted international accreditation and high quality medical services in low

prices are the key drivers of medical tourism. Patients traveling abroad for medical tourism can

save 30 % to 90%.

Report Description

Report Description

As a result, the demand for medical tourism is expected to witness exponential growth over the

forecast period. However, there could be restrains along with the growth drivers such as

unprofessional conduct or false medical practices, inadequate additional medical care etc.

The medical tourism market is segmented on the basis of types of medical treatment provided

and on the basis of geography. On the basis of types of treatment it is segmented into cosmetic

treatment, cardiovascular treatment, fertility treatment, dental treatment, orthopedic

treatment and other general treatments. On the basis of geography, the market has been

segmented into Asia pacific, Eastern Europe, Western Europe,


North America, and South

The major markets having the appreciation for medical tourism consist of Asia pacific, Eastern

Europe, Western Europe,

North America, and South America. Top destinations for medical

tourism are Costa Rica, India, Israel, Malaysia, Mexico, Singapore, South Korea, Taiwan, Thailand,

Turkey, and United States. The growing popularity of medical tourism has also proved beneficial

for the tourism industry. For instance, Thailand in the Asia region is a very popular country for

medical as well as regular tourism.The key players in the medical tourism industry are Prince

Court Medical Centre Malaysia, Gleneagles Hospital Singapore, Clemenceau Medical Centre

Lebanon, Bumrungrad International Hospital Thailand, Fortis Hospital India, Wooridul Spine

Hospital Korea, Anadolu Medical Centre Turkey and Asklepios Klinik Barmbek Germany.

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The strategies used by these companies are, provision of exceptional surgical options, optimum

comfort level to the patients, clinical information, educational articles, expertise and specialist

medical services, best quality and safety services, provision of medical treatments in affordable

prices, creation of strong brand equity to gain competitive advantages. These companies also

adopt strategies such as collaborations, affiliations and joint ventures to expand their business.

For instance, collaboration between Bumrungrad International Hospital, Bangkok, and IBM

Watson to improve the quality of cancer care, collaboration of Anadolu Medical Center with

John Hopkins Medicine, affiliation of Bangkok Hospital with Amari Residences Bangkok Hotel,

joint venture of health berg medical consultancy and health tourism Pvt. Ltd.

These major key players in the medical tourism market offer various medical services such as

medical treatment for gastrointestinal diseases, In vitro fertilization, orthopedics, kidney

diseases, cancers, interventional cardiology, bio-compatible artificial joints, plastic surgery,

pulmonology, joint replacement and many more. However, dental care, cardiology general

surgery, urology, women’s health care services, neurology, organ transplants, plastic surgery and

orthopedic surgery are very widely offered services in medical tourism.

About Us

Report Description

Future Market Insights

Future Market Insights (FMI) is a premier provider of syndicated

research reports, custom research reports, and consulting services.

We deliver a complete packaged solution, which combines current

market intelligence, statistical anecdotes, technology inputs, valuable

growth insights, aerial view of the competitive framework, and


We provide research services at a global as well as regional level;

keyregionsincludeGCC,ASEAN, andBRIC.

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