Medical Tourism Market Size, Share, Development, Growth and Demand Forecast to 2020.pdf

Global Medical Tourism Market Size, Share, Development,Growth and Demand Forecast to 2020The global medical tourism market is growing significantly due to high cost of healthcare expenditure in developedcountries. According to Centers for Disease Control and Prevention, approximately 750,000 U.S. people travel outof the country for medical care each year. In addition, rise in aging population, reduced cost of procedure indeveloping countries, and high standards of medical care at a reasonable price are expected to support themedical tourism market to grow in the coming years. Aging increases the risk of diseases, such as heart disease,gastrointestinal diseases and lifestyle associated diseases. According to the World Health Organization, thepopulation of 60 years and above is expected to rise to 15% in 2050.Explore More About Medical Tourism Market: https://www.psmarketresearch.com/market-analysis/medicaltourism-marketMoreover, government is taking various initiates to improve healthcare infrastructure and improve healthcareservices in developing countries. So, government support and health insurance portability is further expected tosupport the medical tourism market to grow in the coming years. In addition, trusted international accreditation ofclinics and hospitals are also supporting the growth of the global medical tourism market.Medical tourism refers to travelling to another country for medical treatment. Patients may go for medical care toanother country for a range of reason, such as decreased cost, or to receive a procedure or therapy not availablein their country. Services ranging from essential treatment to different kind of alternative treatments are providedthrough medical tourism. Cosmetic surgery, orthopedic surgery, weight loss surgery, heart surgery, oncologiccare, reproductive treatment and dental treatment are some of the common procedures that people undergo onmedical tourism.On the basis of treatment, the medical tourism market can be categorized as dental treatment, orthopedictreatment, cosmetic treatment, cardiovascular treatment, fertility treatment, and general treatment. Cosmetictreatment leads the medical tourism market by treatment type, as cosmetic surgery is costly and is not coveredunder the health insurance. The oncologic care segment is expected to grow with the highest rate in the comingyears, due to rising incidence of cancer cases all over the world.Some of the factors driving the growth of medical tourism market are long waiting time for the specialistappointment, geographic proximity, cultural similarities, and wider treatment options available in developingcountries. However, medical mal-practice, problem in transfer of medical records and follow up care are some ofthe factors restraining the growth of the medical tourism market to some extent.Medical tourism is promoted in countries such as Taiwan, Malaysia, Brazil, India, Singapore, Turkey, SouthKorea, and Mexico. India and Malaysia are expected to grow with the highest rate in the coming years, due toimproving healthcare infrastructure, high healthcare standards with low cost, highly skilled professionals, cost© P&S Market Research. All rights reserved 2