North America Medical Tourism Market 2016 - Insights, Analysis, Opportunities Segmentation and Forecast to 2021

(I-TravelNewswire.Com, December 12, 2017 ) North America Medical Tourism Market was worth USD 4.93 billion in 2016 and is estimated to be growing at a CAGR of 19.2%, to reach USD 11.85 billion by 2021.

Medicinal tourism refers to individuals that are heading out to a nation other than their own to acquire medical treatment. In the past, this usually referred to the people who went from less-developed nations to major healthcare centers in highly developed nations for treatment inaccessible at home. Recently, many people are heading towards Asia from this region due to good quality of healthcare at affordable cast.

The motives for making the travel could be one or more among the following major factors like High cost or affordability of medical services including the one the customer needs to avail. Non-availability or low quality of the necessary treatment due to lack of healthcare infrastructure or skilled service providers. Less waiting time for the available treatment such as organ transplant.

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Long waiting time’s circumstances for medical procedures, high treatment costs, advancements in technology, and development of market are the major factors boosting the growth of the market. Stringent documentation forms, issues related with visa endorsement, and limited protection scope are the restraining the growth of the market. Developing countries with evolving innovation and technology is fueling the market.

Market Segmentation:

1 Treatment Type

1.1 Introduction

1.2 Orthopedic

1.3 Neurological

1.4 Cardiovascular

1.5 Fertility

1.6 Cancer Treatment

1.7 Y-o-Y Growth Analysis, By Treatment Type

1.8 Market Attractiveness Analysis, By Treatment Type

1.9 Market Share Analysis, By Treatment Type

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The North America Medical Tourism Market is broadly segmented into type of treatment. On the basis of the type of treatment, the market is further segmented into Cardiovascular Treatment, Orthopedic Treatment, Fertility Treatment, Neurological Treatment, Dental Treatment, Cancer Treatment, Cosmetic Treatment, and Others. On the basis of geography, the North America market is analyzed under various regions namely U.S and Canada.

Scope of the report:

• Global, regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped

• Segment-level analysis in terms of technology, component, and type along with market size forecasts and estimations to detect key areas of industry growth in detail

• Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics

• Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis

• Study the micro environment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analysing the level of competition and business strategy development

• A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment

• Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies

• An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions

• Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market.

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Major players in the market are Min-Sheng General Hospital, Apollo Hospitals Enterprise Limited, Samitivej Sukhumvit, Fortis Healthcare Ltd., Prince Court Medical Center, Bangkok Hospital Medical Center, Asian Heart Institute KPJ Healthcare Berhad, Raffles Medical Group, and Bumrungrad International Hospital.

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