As per the syndicated report published by Market Data Forecast “Europe Medical Tourism Market” which is estimated to be USD 4.33 billion in 2016 is poised to reach USD 10.30 billion by 2021, at a CAGR of 18.9% from 2016 to 2021.
The driving factors for the growth of this market are high treatment cost, technological development, and better care facilities are the factors driving the market. Also , government providing policies and funding to organisation are also contributing to the growth of the market. Stringent documentation forms, issues related with visa endorsement, and limited protection scope are the limiting the growth of the market.
Medical tourism is defined as travel across international borders with the purpose of availing medical treatment of some form, which may or may not be available in the travellers’ home country. Most of these treatments include a variety of medical surgeries such as incudes cancer therapies, neurosurgery, dental implants, transplantations and cosmetic and elective surgeries which are not available in developing countries.
Medical tourism in Europe is booming owing to direct impact of globalization and technical advancement that this region provides. Majority of the people that travels for medical tourism are to find low, better facilitated and care, or high quality surgeries.
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Europe Medical Tourism Market is segmented based on mode of type as mentioned below for attaining a more granular perspective of the market. In the report each sub segment is provided with Market Size Estimations and Y-o-Y Forecasts.
Segmentation
Based on Type:
- Fertility Treatment.
- Orthopaedic Treatment.
- Cardiovascular Treatment.
- Dental Treatment.
- Cancer Treatment.
- Neurological Treatment.
- Cosmetic Treatment.
Geographically, the market is segmented into U.K., Italy, France, Germany and Spain.The report justifies this by offering country wise data for the EU5 countries while taking some other predominant economies into consideration as well. Germany is becoming an attractive market for medical tourism for its excellent healthcare system and high quality care.
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Some of the key players dominating the market by their products and services are Min-Sheng General Hospital, Apollo Hospitals Enterprise Limited, Fortis Healthcare Ltd., Asian Heart Institute, Samitivej Sukhumvit, Prince Court Medical Center, Raffles Medical Group, Bangkok Hospital Medical Center, KPJ Healthcare Berhad, and Bumrungrad International Hospital.
The Medical Tourism Market study offers the following deliverables:
- Regional and country-level analysisthat provides an innate perspective of European region and the aforementioned countries
- Meticulously identifying the key areas of market growth by providing market size forecasts and y-o-y estimations at a Segment-level analysis
- Explanations of key drivers, restraints, opportunities, and challenges(DROC) in the market and their impact on shifting market dynamics
- Study of macro and micro environmental factors that affect the European market presented in the form of PESTLE and Porter’s Five Forces Analyses
- Company overview, product portfolios, key financial information (subjected to availability), SWOT analysis and analyst overview of the key market playersoperating in the region
- Competitive landscape analysislisting out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
- Expertly devised Market Outlook – Investment opportunitiesto provide both individuals and organizations a strong financial foothold in the market.
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