Press Release

Global Medical Tourism Market to Grow Steadily on Account of Active Government Promotion and Support: Fortune Business Insights

Medical Tourism Market by Top International Players are Bumrungrad International Hospital, Mount Elizabeth Hospital, Bangkok Chain Hospital, KPJ Healthcare Berhad, Apollo Hospitals Enterprise Limited, Fortis Healthcare Limited, Asian Heart Institute, Asklepios Kliniken GmbH Forecast to 2026

Medical Tourism Market The global medical tourism market is rising at a fast pace, driven by governments support across various n. This information has been shared by Fortune Business Insights in its report, titled “Medical Tourism Market Size, Share and Global Trend By Type (Domestic, International), By Treatment (Cosmetology, Dentistry, Cardiology, Orthopaedic surgery, Neurology, Oncology, Other), and Geography Forecast till 2026”. The report highlights the various aspects and advantages of the fledgling global medical tourism market. Medical tourism can be understood as a form of globalisation which involves travel across international borders to avail medical facilities in foreign destinations. Medical tourism or travel has grabbed the interest of governments and medical professionals alike. Governments view medical exploratory activities as an opportunity to showcase their unique healthcare services; medical professionals seek newer frontiers to research alternative medicines and treatments for prevailing diseases. For example, homeopathy and Ayurveda in India offer effective alternative remedies to western allopathy. In the end, both parties inject the necessary fuel that will propel growth of the global medical tourism market.

For more information in the analysis of this report, visit:https://www.fortunebusinessinsights.com/industry-reports/medical-tourism-market-100681

some of the key players in the global medical tourism market:

  • Bumrungrad International Hospital
  • Mount Elizabeth Hospital
  • Bangkok Chain Hospital
  • KPJ Healthcare Berhad
  • Apollo Hospitals Enterprise Limited
  • Fortis Healthcare Limited
  • Asian Heart Institute
  • Asklepios Kliniken GmbH

Access to Low Cost Medication a Primary Driver of Medical Tourism Market

Developed countries such as the U.S. are often criticized for their expensive healthcare delivery systems. For example, in the U.S., a Harvard study showed that medical care is the country is unaffordable owing to inflated prices of drugs, high salaries of doctors, and high cost of hospital administration. Therefore, patients from such countries desperately search for destinations where healthcare is more affordable and accessible. Developing countries such as India and Brazil offer the perfect solution and lay the foundation for the global medical tourism market to flourish. The World Health Organization (WHO) recently declared Brazil as having the best healthcare delivery system in Latin America.

Request a Sample Copy of the Global XYZ Market Research Report:https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/medical-tourism-market-100681

In addition to affordable medication, patient waiting time is also a key factor that explains the surge in the global medical tourism market. This rise in demand is mainly witnessed among patients from developed countries where the average patient waiting time is high as compared to countries such as India. Other factors catalyzing the growth of the global medical tourism market include better patient comfort, advanced medical equipment, alternative treatment methods, and customized medical services.

Slow Response Time Impedes the Growth of This Market

The global medical tourism market is affected by poor quality outcomes and poor and slow response times experienced by some of the medical tourists. A lead analyst at Fortune Business Insights cites a research conducted by the Medical Tourism Association which states that about 44.9% of medical tourists reported of slow response time in hospitals. Furthermore, 14.3% of the tourists complained of poor quality outcomes. This does not bode well for the global medical tourism market. The situation is exacerbated by poor communication and transport infrastructure along with barriers posed by language in these developing countries.

More Trending Topics from Fortune Business Insights:

Ultrasound Probe Disinfection Market by Top Companies: GE Healthcare, Nanosonics Ltd, Siemens Healthineers GmbH, Tristel Global and more

Animal Sedatives Market by Top Key Players are Zoetis, Bayer AG, Boehringer Ingelheim International GmbH, Intervet Inc., Elanco Forecast to 2026

Feeding tubes Market Conveys Rigorous Analysis of Industry and Prospects to 2026

Emergency Medical Services Market should see a stand-out year in 2020 | Fortune Business Insights™

About Us:

Fortune Business Insights™ offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them to address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in.

Our reports contain a unique mix of tangible insights and qualitative analysis to help companies achieve sustainable growth. Our team of experienced analysts and consultants use industry-leading research tools and techniques to compile comprehensive market studies, interspersed with relevant data.

At Fortune Business Insights™ we aim at highlighting the most lucrative growth opportunities for our clients. We, therefore, offer recommendations, making it easier for them to navigate through technological and market-related changes. Our consulting services are designed to help organizations identify hidden opportunities and understand prevailing competitive challenges.

Contact Us:

Fortune Business Insights™ Pvt. Ltd.

308, Supreme Headquarters,

Survey No. 36, Baner,

Pune-Bangalore Highway,

Pune – 411045, Maharashtra, India.

Phone:

US :+1 424 253 0390

UK : +44 2071 939123

APAC : +91 744 740 1245

Email:[email protected]

Linkedin | Twitter | BLogs

Tags

Dale Martinez

Dale possesses an engineering degree in Electronics from the Georgia Institute of Technology. She is the sole contributor at the Healthcare IT column. Before opting to write, Dale worked at major firms such as Microsoft, Amazon, GE, Raytheon, and so on. She possesses vast knowledge about a variety of fields like IT, IoT, Telecommunications, Health Dialysis, photovoltaic, and many others. Dale is also a ballet dancer.

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Close