North America Health Tourism Market, By Treatment (Cosmetic Surgery, Dentistry, Cardiac Surgery, Orthopaedic Surgery, Bariatric Surgery, Reproductive, Oncology, Transplantation, Eye Surgery, Diagnostics and Others), Type of Intervention (Hospitals, Clinics, Bio-Medicine, Medicaments & Medical Devices, Complementary Medicines, Non-Medical Facilities and Others), Country (U.S., Canada and Mexico) Industry Trends and Forecast to 2028.
Data Bridge Market Research analyses that the health tourism market will exhibit a CAGR of around 16.85% for the forecast period of 2021-2028. Rising prevalence of chronic disorders, increased focus on research and development proficiencies in regards to medical devices and on the adoption of advanced healthcare technologies, growing geriatric population base and rising expenditure for the development of healthcare infrastructure especially in the developing economies are the major factors attributable to the growth of health tourism market.
Health tourism refers to travelling out of domestic territory for maintenance, enhancement or restoration of health to avail advanced, better and improved healthcare services. Many individual travel to the international territories for complicated surgeries and medical treatments.
The thriving medical industry across the globe is one of the major factors fostering the growth of the market. Rise in the healthcare infrastructure in advanced countries and growing prevalence of advanced cardiology, urology, dermatology medical treatment are other market growth determinants. Rising westernization, growing demand for aesthetic surgeries and maintaining aesthetic looks, availability of state-of-the-art medical facilities at affordable costs in various developing countries, surging awareness about the benefits of minimally invasive surgeries and rising medical tourism are other important factors that will further generate lucrative market growth opportunities.
However, travel related difficulties such as carrying documents and visa approvals will derail the market growth rate. Also, high costs associated with research and development proficiencies and rising concerns associated with the visitor’s safety will further pose challenges for the market. High costs of tours and uncertainty about treatment centres will also hamper the market growth rate.
This health tourism market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on health tourism market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
North America Health Tourism Market Scope and Market Size
The health tourism market is segmented on the basis of treatment, type of intervention and patient mobility. The growth amongst these segments will help you analyse meagre growth segments in the industries, and provide the users with valuable market overview and market insights to help them in making strategic decisions for identification of core market applications.
- On the basis of treatment, the health tourism market is segmented into cosmetic surgery, dentistry, cardiac surgery, orthopedic surgery, bariatric surgery, reproductive, oncology, transplantation, eye surgery, diagnostics and others.
- On the basis of type of intervention, the health tourism market is segmented into hospitals, clinics, bio-medicine, medicaments & medical devices, complementary medicines, non-medical facilities and others.
- On the basis of Patient mobility, the health tourism market is segmented into temporary visitors, long term residents, outsourced patients and common borders.
North America Health Tourism Market Country Level Analysis
The health tourism market is analysed and market size insights and trends are provided by country, treatment, type of intervention and patient mobility as referenced above.
The countries covered in the health tourism market report are U.S., Canada and Mexico.
U.S. in North America region dominates the health tourism market owing to the prevalence of advanced healthcare facilities, growing prevalence of chronic diseases and disorders, ever-rising geriatric population base and cheaper healthcare facilities in this country.
The country section of the health tourism market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Healthcare Infrastructure Growth Installed base and New Technology Penetration
The health tourism market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment, installed base of different kind of products for digital health technologies market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the health tourism market. The data is available for historic period 2010 to 2019.
Competitive Landscape and North America Health Tourism Market Share Analysis
The health tourism market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to health tourism market.
The major players covered in the health tourism market report are KPJ Healthcare Berhad, Apollo Hospitals Enterprise Ltd., Bumrungrad International Hospital, IHH Healthcare Berhad, Raffles Medical Group, BANGKOK CHAIN HOSPITAL PUBLIC COMPANY LIMITED, Prince Court Medical Centre, University Hospital Motol, Clinical Centre of Serbia, Columbia Asia, Wockhardt Hospitals, Asklepios Kliniken GmbH & Co. KGaA, Asian Heart Institute, Min-Sheng Hospital, Apex Heart Institute, Medical Star, Hospital CMQ, Sani Dental Group, Bravo Development Group, LLC and Angeles Health International among other. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Customization Available : North America Health Tourism Market
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