North America Outbound Medical Tourism Services Market
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<strong>North</strong> <strong>America</strong> <strong>Outbound</strong> <strong>Medical</strong> <strong>Tourism</strong> <strong>Services</strong> <strong>Market</strong><br />
<strong>North</strong> <strong>America</strong> <strong>Outbound</strong> <strong>Medical</strong> <strong>Tourism</strong> <strong>Services</strong> <strong>Market</strong> Anticipated to Register a CAGR of<br />
25.5% Between 2016 and 2026<br />
According to a new report published by Future <strong>Market</strong> Insights titled “<strong>Outbound</strong> <strong>Medical</strong> <strong>Tourism</strong><br />
<strong>Services</strong> <strong>Market</strong>: <strong>North</strong> <strong>America</strong> Industry Analysis and Opportunity Assessment, 2016–2026”,<br />
the <strong>North</strong> <strong>America</strong> outbound medical tourism services market is expected to reach a market<br />
valuation of US$ 15.53 Bn by 2016 end and this is likely to increase to US$ 150.36 Bn by 2026.<br />
According to Future <strong>Market</strong> Insights, factors such as a large ageing baby boomer population, large<br />
uninsured population, and better technology and wider treatment options are expected to drive<br />
the revenue growth of the <strong>North</strong> <strong>America</strong> outbound medical tourism services market over the<br />
forecast period. Economic factors such as rising rate of health insurance premiums, high cost of<br />
medical treatments in the U.S., and parallel tourism with medical treatment are expected to boost<br />
the growth of the <strong>North</strong> <strong>America</strong> outbound medical tourism services market between 2016 and<br />
2026. The other factors impacting the <strong>North</strong> <strong>America</strong> outbound medical tourism services market<br />
are long waiting time for specialist appointments in the U.S. and increasing preference for nonconventional<br />
treatment options. The demand for cosmetic correction procedures and dental<br />
treatments has been significantly high in the U.S. market in recent years, making <strong>North</strong> <strong>America</strong><br />
the most lucrative regional market for outbound medical tourism services. According to the<br />
International Society of Aesthetic Plastic Surgery, the U.S. was the largest market for cosmetic<br />
procedures in 2015.<br />
©2015 Future <strong>Market</strong> Insights, All Rights Reserved 4
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