Published By : 23 Aug 2016 | Published By : QYRESEARCH
The medical tourism industry is growing dynamically in the last few years and is estimated to witness rapid development in the near future. The fast growth of this market can be attributed to globalization and improved healthcare services and infrastructure in several developing economies. In addition, technological developments and growing awareness among the population regarding a healthy lifestyle are some of the elements expected to fuel the growth of the global medical tourism market in the coming few years.
Some of the key treatment provided by healthcare institutions under the medical tourism market are mentioned as below:
Patients, across the globe, travel abroad to avail these treatments at a comparatively low cost or seek second opinions from medical experts or doctors out of their countries. Lengthy waiting lines and high treatment costs are the primary factors that are propelling the global medical tourism market. In addition, easy and cheap international travel are encouraging the growth of the market in the next few years.
Furthermore, developing countries across the globe are focusing on improvement of the healthcare infrastructure in order to attract a large number of patients and boost the sales figures in the coming years. Moreover, increased participation of NGOs, Governments, and market players are estimated to augment the growth of the market across the globe. The leading players in the market are making efforts to advertise its services on a global level in order to boost the demand for medical tourism in the next few years.
The growing popularity of the medical tourism worldwide has encouraged the participation of several players in the global market. As a result, the competitive scenario in this market is expected to get intense in the coming years. Some of the key players operating in the global market for medical tourism are Clemenceau Medical Centre, Prince Court Medical Centre, Raffles Medical Group, Anadolu Medical Centre, Wooridul Spine Hospital, Apollo Hospitals, Min-Sheng General Hospital, Asklepios Klinik Barmbek, Bumrungrad International Hospital, Samitivej Sukhumvit Hospital, Asian Heart Institute, Bangkok Hospital, KPJ Healthcare Berhad, Fortis Healthcare Ltd., and Gleneagles Hospital.