According to IMARC Group, the global medical tourism market size reached US$ 46 Billion in 2019. Leading healthcare providers in the global medical tourism industry are currently focusing on providing innovative medicines and improved healthcare services to patients. Besides this, they are also offering comprehensive medical tourism packages to patients, which include all travel-related services ranging from ticket booking to accommodation and medical insurance. Furthermore, governing agencies of numerous countries have implemented stringent regulations to promote the growth of the medical infrastructure. This, in confluence with extensive research and development (R&D) activities, is anticipated to provide lucrative opportunities for leading healthcare providers across the globe. Looking forward, the market is expected to grow at a CAGR of around 8% during 2020-2025.
The numerous benefits offered by the medical facilities in certain countries, including personalized care, modern devices, innovative medicines and latest technologies, represent the primary factor propelling the global medical tourism industry. These advancements have prompted Individuals to travel from developing to developed economies for receiving medical treatment of improved quality. They are also seeking medical care for rare conditions, including stem-cell transplants and gender-reassignment operations, that are not available in their home country.
- Aditya Birla Health Services Limited
- Apollo Hospitals Enterprise Limited
- Asian Heart Institute & Research Centre Pvt. Ltd.
- Barbados Fertility Center
- BB Healthcare Solutions Ltd.
- Fortis Healthcare Limited
- KPJ Healthcare Berhad
- Prince Court Medical Centre Sdn Bhd
- Samitivej Hospital Group
- Seoul National University Hospital
- UZ Leuven