The medical tourism market is set to grow at 12% CAGR in 2021. While healthcare efforts remained focused on managing the COVID-19 crisis, reversing growth projections to an extent for 2020, with the situation stabilizing, treatment of life-threatening diseases and chronic ailments will begin gaining traction 2021 onwards.
Medical tourism is receiving increasing attention in the U.K. The confluence of affordable air travel, increasing need for out-of-pocket expenditure, and internet-based marketing campaigns undertaken by healthcare service providers is creating prospects for medical tourism expansion in the country. Against this backdrop, the U.K. National Health Service (NHS) has suggested that increasing number of patients might consider travelling for treatment.
Request for Sample:
https://www.futuremarketinsights.com/reports/sample/rep-gb-249
key takeaways :
- The U.S. is expected to lead in terms of healthcare travel spending, however, in the coming years China’s spending is forecast to surge considerably
- Among services offered under medical tourism, therapeutic services are highly sought-after. Wellness services too are gaining traction as an increasing number of medical tourists are seeking meditation and wellness retreats
- Phone and online booking will remain more preferred modes of booking for medical tourism
- Medical tourism is often sought for cancer and cardiovascular treatment. Besides this, cosmetics and bariatric procedures are very popular among medical tourists
Medical Tourism Shows Resilience amid COVID-19
While the unprecedented COVID-19 outbreak might have caused significant disruptions, recovery is on card, thanks to prompt response by governments around the world. Thailand’s response to the ongoing pandemic, for instance, has won praise from the United Nations, the World Health Organization, and other experts around the world. Thailand has been ranked among the top five countries among 184 in terms of the effectiveness of their battle against the virus.
According to the Thailand Board of Investment, more than 50 applications for investments, worth over US$ 400 million were submitted during the first half of 2020 to introduce a range of novel measures, accelerating investment in the medical sector. Proactive steps taken by government and non-government organizations will enable the medical tourism market sail despite losses incurred during COVID-19.
Who is winning?
Medical tourism market is expanding at a fast rate. Tier 1 companies such as AsklepiosKlinikenGmbH, Bangkok DusitMedical Services, Fortis Healthcare Limited, Apollo Healthcare, BumrugrandInternational Hospitals, ChristusMughuerza, and others contribute nearly 6% to 17% of revenue generated by the market.
Tier 2 companies operating in the market include Asian Heart Institute, Prince Court Medical Center, ShouldiceHospital, Gleneagles Hospital, ClemenceuMedical Centre, AnadoluMedical Centre, and others. These companies account for the lion’s share of the global market.
Inquire Before Buying Research Report:
https://www.futuremarketinsights.com/ask-question/rep-gb-249
Key Segments
Americas
- Global Healthcare Connections, Inc.
- Christus Muguerza S.A.P.I De CV
- Shouldice Hospital
Europe
- Asklepios Kliniken GmbH
Asia-Pacific
- Fortis Healthcare Ltd
- Apollo Hospitals
- Gleneagles Hospital
- Bumrungrad international Hospital
- Bangkok Dusit Medical Services
- Asian Heart Institute
- Prince Court Medical Center
Read Related Reports:
https://cipmo-system.mn.co/posts/24035792?utm_source=manual
https://network-759413.mn.co/posts/24035793?utm_source=manual
https://shangwich.mn.co/posts/24035794?utm_source=manual
https://stemfemmes.mn.co/posts/24035795?utm_source=manual
About Future Market Insights (FMI)
Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
Contact Us:
Future Market Insights,
Unit No: 1602-006
Jumeirah Bay 2
Plot No: JLT-PH2-X2A
Jumeirah Lakes Towers
Dubai
United Arab Emirates
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs