Pune, India -- (SBWIRE) -- 01/10/2019 -- Market Scenario
Medical tourism involves travelling out of one's nation to seek medical services. Availability of cost effective medical treatment and highly professional doctors in developing countries are gathering attention to carry out medical treatment in these countries. Rising health related expenditure and proved medical treatment benefit of medical tourism is propels the growth of the market. Increasing government support for medical tourism industry is an add-on benefit to the market.
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Rising aging population, lack of access to quality healthcare services, increasing healthcare cost, long wait times to seek medical treatment and ease of travel are driving the growth of the medical tourism market. International accreditation and medical excellence are fuelling the growth of the market.
Rapidly increasing private hospital and quality of services they offers in developing economies of Asia Pacific region are boost the market. Aggressive advertising and marketing of medical facilities are supports the medical tourism market. Poor post operative care and risk of wide variety of healthy issue after patient return are some of the major challenge to the market. Stringent documentation processes, limited insurance coverage and problems related visa approval are restraining the growth of the medical tourism market.
Segmentation
The global medical tourism market is segmented on the basis of treatment type.
On the basis of treatment type, the market is segmented into cardiovascular treatment, orthopedic treatment, neurological treatment, cancer treatment, fertility treatment, dental treatment, cosmetic treatment and others.
Regional Analysis
Developing healthcare infrastructure, presence of high profile doctors, government support to the medical tourist industry and cost effective treatment are driving the growth of the market in developing countries of Asia-Pacific region.
Key Players
The key players in the market are: Fortis Healthcare Ltd., Apollo Hospitals Enterprise Limited, Asian Heart Institute and Research Centre Private Limited, KPJ Healthcare Berhad, NTT Medical Center Tokyo, Seoul National University Hospital, Infectious Diseases Partners Pte. Ltd., Aditya Birla Memorial Hospital, Barbados Fertility Centre, Prince Court Medical Centre, and Samitivej Public Company Limited.
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Segmentation
By Treatment Type:
- Cardiovascular Treatment
- Orthopedic Treatment
- Neurological Treatment
- Cancer Treatment
- Fertility Treatment
- Dental Treatment
- Cosmetic
- Others
By Region:
- North America
- Europe
- Asia-Pacific
- LAMEA
Last, It offers in-depth information obtained through extensive primary and secondary research methods. The information has been further assessed using various effective analytical tools.