The Europe Medical Tourism Market was worth USD 4.33 billion in 2016 and estimated to be growing at a CAGR of 18.9%, to reach USD 10.30 billion by 2021.
Hyderabad, India -- (SBWIRE) -- 03/16/2018 -- Medical tourism can be outlined as travel across international borders with the aim of availing medical treatment of some type, which may or may not be offered within the travelers' home country. This treatment might embrace a large array of medical services, but the foremost often availed services embody cancer treatment, orthopedic treatment, neurological disease treatment, elective surgery, fertility treatment etc.
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The Europe Medical Tourism Market was valued at USD 4.33 billion in 2016 and is predicted to be growing at a CAGR of 18.9%, to achieve USD 10.30 billion by 2021.
High treatment prices, advancements in technology, long waiting time circumstances for medical procedures, and development of market are promoting the expansion of the market.
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This business is quickly gaining popularity due to soaring health-related expenditure within the western countries. Developing economies are, moreover, providing efficient medical treatments. Expensive health care treatments within the developed countries are taken into account as the main reason that is compelling several of the patients to look for treatment elsewhere in developing nationalities thereby boosting medical tourism in the European countries.
In addition, the provision of the newest medical technologies and a growing compliance with international quality standards drive this market. The utilization of English as the main operating language solves the matter of communication and patient satisfaction adding to the expansion of this market. Insurance movability, advertising, and marketing are various factors that augment the fast growth of the medical tourism market.
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Based on geography, Europe market is examined under various regions like the U.K., Germany, France, Spain and Italy. The modernization of specific health care procedures in specific countries of Europe is the main promoter of the market growth.
The top companies in the present market are Samitivej Sukhumvit, Prince Court Medical Center, Raffles Medical Group, Bangkok Hospital Medical Center, KPJ Healthcare Berhad, and Bumrungrad International Hospital.
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