Absolutely Paramount with rise in Healthcare Technology Showing Huge Progress in the Coming Future

Friday 02 February 2018 by Graciela Rojas
Medical tourism is a rising trend in global healthcare sector which is often defined as the activities to improve the well-being of medical traveller or medical tourist. These activities may involve medical check-ups, various treatments, surgeries, and other wellness practices that require skilled medical interventions. Generally, patients travel to another country mostly due to the advantage of low cost medical services and less waiting time. This market is growing at a tremendous rate and is expected to continue its growth over next few years. The market is forecasted to demonstrate a spectacular growth by 2023.  

The market is going to continue with the same trends of growth during the forecast period. Moreover, another major advantage of medical tourism is to get immediate access to healthcare services. For instance, in the U.S. or the U.K, patients sometimes have to wait for months to get the kind of treatment they need. However, anyone who wants to undergo a procedure or therapy and which is not approved by the healthcare regulating authority in the home country is destined to wait in pain. But in medical tourism institutions abroad, the patient is the priority and he gets the treatment as soon as possible.

According to the Market Research Future analysis, The Medical Tourism Market is forecasted to account for an upsurge accretions of USD 226,762.7 Million by 2023 with a whooping double digit CAGR of 21.4% during 2017 and 2023.

Healthcare cost is continuously increasing in high-income countries of North America and Europe. Hence, the patients shift from developed countries to developing countries to access low cost quality medical services. Rising cost of the treatments and increasing number of uninsured people are leading to the growth of global medical tourism market. It is estimated that around 11% of the American population are without insurance and they cannot afford costly medical services.

The global economic growth, increasing flow of travellers, adoption of advanced technology in healthcare, rising capital funding, internet source of information, government initiatives, and regulatory regimes has propelled market growth enormously.

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Analysts state that Asklepios Kliniken Verwaltungsgesellschaft mbH (Germany), Fortis Healthcare (India), Gleneagles Global Hospitals Group. (Singapore), Prince Court Medical Centre (Malaysia), Samitivej PCL (Thailand), Christus Muguerza (Mexico), and Anadolu Medical Center (Turkey) are some of the major companies operating in this business market.

Taste the market data and market information presented through more than 72 market data tables and 50 figures spread over 71 numbers of pages of the project. Avail the in-depth table of content TOC & market synopsis on “Medical Tourism Market Research Report- Global forecast till 2023”