The North America Outbound Medical Tourism Services Industry is on the verge of a significant breakthrough, with projections indicating a staggering value of over US$65 billion in 2022. Anticipating a momentous leap forward, the market is poised to achieve an impressive 25% Compound Annual Growth Rate (CAGR) by 2032, reaching an astounding US$605.36 billion.
A comprehensive report from Future Market Insights titled “North America Outbound Medical Tourism Services Industry” Analysis and Opportunity Assessment, 2016-2026″ sheds light on the dynamic landscape of the North America Outbound Medical Tourism Services Industry. The report, which foresees a robust trajectory for the industry, predicts a noteworthy increase in market valuation from US$15.53 billion in 2016 to a projected US$150.36 billion by 2026.
Request a Sample of this Report Now!
https://www.futuremarketinsights.com/reports/sample/rep-na-2158
Economic factors such as the rising rate of health insurance premiums, the high cost of medical treatments in the U.S., and parallel tourism with medical treatment are expected to boost the growth of the North American outbound medical tourism services market between 2016 and 2026. The other factors impacting the North American outbound medical tourism services markets are long waiting times for specialist appointments in the U.S. and increasing preference for non-conventional treatment options.
The demand for cosmetic correction procedures and dental treatments has been significantly high in the U.S. market in recent years, making North America the most lucrative regional market for outbound medical tourism services. According to the International Society of Aesthetic Plastic Surgery, the U.S. was the largest market for cosmetic procedures in 2015.
Lack of effective follow-up care on returning home, rampant medical malpractices in medical tourism destinations, proliferation of superbugs in medical tourism destinations, problems associated with language barriers, and privacy concerns are some of the challenges anticipated to restrict revenue growth of the North American outbound medical tourism services markets over the forecast period.
Reach Out to Our Analyst For Your Queries
https://www.futuremarketinsights.com/ask-question/rep-na-2158
Segmentation highlights
The North American outbound medical tourism services market is segmented into the following therapeutic applications – Cosmetic Surgery Treatment, Dental Treatment, Cardiovascular Treatment, Orthopaedic Treatment, Cancer Treatment, Fertility Treatment, Weight Loss Treatment, Spinal Surgery Treatment, Neurology Treatment, and Other General Treatment.
The Cosmetic Surgery Treatment segment is estimated to be valued at US$ 3,760.9 Mn by 2016 end The Cancer Treatment segment is anticipated to register a CAGR of 22.0% over the forecast period The Orthopaedic Treatment segment is estimated to create an absolute $ opportunity of US$ 1,658.9 Mn in 2017 over 2016
Regional forecast:
The North American outbound medical tourism services market is segmented into the two top countries of the U.S. and Canada. The U.S. is projected to occupy a major share in the North American outbound medical tourism services markets in terms of value.
The U.S. market is anticipated to be valued at US$ 14.98 Bn by the end of 2016. In terms of value, the U.S. is expected to be the dominant regional market by 2026 end and is expected to register a CAGR of 25.7% over the forecast period.
Canada is expected to have comparatively less market potential for outbound medical tourism services, registering a CAGR of 18.1% over the forecast period.
Request Your Customized Report Now!
https://www.futuremarketinsights.com/customization-available/rep-na-2158
Vendor insights:
The report profiles some of the top companies operating in the North American outbound medical tourism services market.
Leading market players featured in the report are Apollo Hospital Enterprise Limited, Bumrungrad International Hospital, KPJ Healthcare Berhad, Christus Muguerza Hospital, WorldMed Assist, Mednamaste, and Global Medical Tourism Inc.
Major market players are adopting strategies such as market expansion and strategic alliances to maintain their market share.
Some of these companies are also adopting strategies such as backward integration to support their core business of medical tourism.
Companies are offering services such as insurance and financing for medical tourism and are looking to expand their global footprint by enhancing their foreign customer base.
Market segmentation
By Therapeutic Application:
- Cosmetic Surgery Treatment
- Dental Treatment
- Cardiovascular Treatment
- Orthopaedic Treatment
- Cancer Treatment
- Fertility Treatment
- Weight Loss Treatment
- Spinal Surgery Treatment
- Neurology Treatment
- Other General Treatment
Buy a Complete Research Report
https://www.futuremarketinsights.com/checkout/2158
By Region:
- U.S
- Canada
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient 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 based on Source, Application, Sales Channel, and End Use over the next 10 years.
Contact Us:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube