Inbound Medical Tourism Market to Reach US$ 364.7 Million by 2034 Amid Rising Penetration of the Internet Worldwide

Globalization fuels inbound medical tourism, fostering quality healthcare in developing nations. Internet access empowers patients to research and choose healthcare abroad, driving industry growth.

NEWARK, Del, Jan. 01, 2024 (GLOBE NEWSWIRE) — As per Future Market Insights’ latest industry analysis, the global inbound medical tourism market is set to be valued at around US$ 102.8 million in 2024. It is anticipated to exhibit a CAGR of 17.9% over the evaluation period from 2024 to 2034. The market will likely attain a valuation of about US$ 364.7 million by 2034.

Globalization, which can be considered as close integration of countries around the world, has paved the way for the growth of the inbound medical tourism market. It has allowed full trade of several types of medical equipment and biopharmaceutical & pharmaceutical products across different nations.

As a result, the availability of high-quality healthcare facilities has expanded in low and middle-income countries. Apart from this, increasing foreign investments, also driven by globalization, have contributed to the improvement in quality standards concerning medical treatments in developing nations. This has been an eye-catching factor in the growth of the inbound medical tourism market.

Request a Sample of this Report Now: https://www.futuremarketinsights.com/reports/sample/rep-gb-3603

The internet is an important tool when it comes to globalization as it has been extensively used for searching information on medical tourism. As per findings from the Pew Research Center, 93% of American adults have accessed the internet in 2021.

Around 67.5% of American adults have accessed the internet for searching about health-related information, according to the Health Information Trends Survey, 2020. Before consulting any of the professional organizations, people try to gain as much information as they can from the internet about the medical tourism facilities in their targeted nation.

The availability of this information has had a positive impact on the inbound medical tourism industry. It helps medical tourists to weigh the pros and cons of the healthcare services in their targeted nation.

Key Takeaways from the Inbound Medical Tourism Market Study-

  • Europe’s inbound medical tourism market is estimated to expand at a CAGR of 15.6% from 2024 to 2034.
  • Asia’s inbound medical tourism industry is anticipated to showcase a CAGR of 16.9% in the forecast period.
  • By treatment type, the cancer treatment segment is projected to exhibit a CAGR of 22.2% through 2034.
  • Based on service type, the wellness service category will likely expand at a CAGR of 17.0% from 2024 to 2034.
  • In terms of booking channel, the online booking category is estimated to hold a CAGR of 16.9% from 2024 to 2034.

“The desire for affordable, high-quality healthcare as well as access to specialist medical knowledge provided by reputable foreign medical institutes is the driving force behind the global inbound medical tourism services,” says Sabyasachi Ghosh (Associate Vice President at Future Market Insights, Inc.)

Competitive Landscape from the Inbound Medical Tourism Market:

Industry leaders are expected to employ key strategies to enhance their market share and competitiveness in the forecast period. They are expected to do so primarily through company expansions and brand acquisitions.

Request a Methodology Now: https://www.futuremarketinsights.com/request-report-methodology/rep-gb-3603

For instance,

On 13 July 2023, Medipol Education and Health Group increased the number of their representative offices to facilitate better communication with patients who are unable to access domestic healthcare and must travel abroad for diagnosis & treatment.

Get More Insights into Inbound Medical Tourism Market

Future Market Insights (FMI) brings a comprehensive research report on predicted revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2019 to 2034. The global inbound medical tourism market is segmented in detail to cover every aspect of the market and present a complete market intelligence approach to the reader.

The study provides compelling insights into inbound medical tourism market segment based on treatment type (dental treatment, cosmetics treatment, cardiovascular treatment, orthopedic treatment, neurological treatment, cancer treatment, fertility treatment, and others), service type (wellness and therapeutics services), customer orientation (men, women, and children), age group (<15 years, 15 to 30 years, 31 to 45 years, 46 to 60 years, and 60 years & above), booking channel (phone booking, online booking and, in-person booking), and regions.

Top Key Companies Profiled in Inbound Medical Tourism Market

  1. Fortis Healthcare Limited
  2. Medretreat
  3. Apollo Hospitals
  4. KPJ Healthcare Behard
  5. Klinikum Medical Link
  6. BB Health Solutions
  7. Aditya Birla Memorial Hospital
  8. NTT Medical Center Tokyo
  9. Prince Court Medical Centre
  10. Anionia Medical Travel
  11. Careful Trip
  12. MediCzech
  13. Metta Health
  14. PRAGA MEDICA HEALTHCARE S.R.O.
  15. A Health trip
  16. Rockyview General Hospital
  17. Toronto General Hospital
  18. Manipal Hospital
  19. Hospital CIMA Hermosillo
  20. Teknon Medical Center
  21. Anadolu Medical Center

Click Here To Buy Your Full Report: https://www.futuremarketinsights.com/checkout/3603

Inbound Medical Tourism Market Outlook by Category

By Treatment Type:

  • Dental Treatment
  • Cosmetics Treatment
  • Cardiovascular Treatment
  • Orthopedic Treatment
  • Neurological Treatment
  • Cancer Treatment
  • Fertility Treatment
  • Other Treatments

By Service Type:

  • Wellness Service
  • Therapeutic Service

By Customer Orientation:

By Age Group:

  • <15 Years
  • 15 to 30 Years
  • 31 to 45 Years
  • 46 to 60 Years
  • 60 Years & Above

By Booking Channel:

  • Phone Booking
  • Online Booking
  • In Person Booking

By Region:

  • Americas
  • Europe
  • Asia
  • Middle East

About Healthcare Division at Future Market Insights (FMI)

Future Market Insights (FMI) facilitates corporates, government, investors, and associated audiences in the healthcare sector to identify and accentuate vital aspects applicable to product strategy, regulatory landscape, technology evolution, and other crucial issues to achieve sustainable success. Our unique approach to gathering market intelligence equips you in devising innovation-driven trajectories for your business.

Author

Sabyasachi Ghosh (Associate Vice President at Future Market Insights, Inc.) holds over 12 years of experience in the Healthcare, Medical Devices, and Pharmaceutical industries. His curious and analytical nature helped him shape his career as a researcher.

Identifying key challenges faced by clients and devising robust, hypothesis-based solutions to empower them with strategic decision-making capabilities come naturally to him. His primary expertise lies in areas such as Market Entry and Expansion Strategy, Feasibility Studies, Competitive Intelligence, and Strategic Transformation.

Holding a degree in Microbiology, Sabyasachi has authored numerous publications and has been cited in journals, including The Journal of mHealth, ITN Online, and Spinal Surgery News.

Have a Look at the Related Report of Inbound Medical Tourism Market:

North America Outbound Medical Tourism Services Market is expected to surpass US$ 605.36 Bn by 2032. to grow at 25% CAGR through 2032.

X-ray System Market size is projected to cross a valuation of US$ 11,880.4 million in 2024. The industry is likely to hit US$ 15,969.2 million by 2034.

Teeth Desensitizer Market is expected to surge at a CAGR of 6.2% by 2034. The market value is projected to increase from US$ 147.9 million in 2024 to US$ 269.4 million in 2034.

Patient Positioning System Market size is expected to be valued at US$ 508.4 million by 2024. By 2034, the demand for patient positioning systems is expected to garner a significant valuation of US$ 857.4 million.

Pediatric Heart Valve Repair and Replacement Market Size is expected to surge from US$ 3,440.6 million in 2024 to US$ 4,490.5 million by 2034.

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5,000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:      

Nandini Singh Sawlani 

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: [email protected]
Website: https://www.futuremarketinsights.com
LinkedInTwitterBlogs | YouTube


Primary Logo

Originally published at https://www.einpresswire.com/article/678433408/inbound-medical-tourism-market-to-reach-us-364-7-million-by-2034-amid-rising-penetration-of-the-internet-worldwide-future-market-insights-inc