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Medical Tourism Market
Medical Tourism Market
The Medical Tourism Market is predicted to touch a touch a value USD 137 billion by 2026, exhibiting a CAGR of 7.9% over the forecast period. The availability and affordability of high-quality healthcare services and encouragement from tourism departments and local government will bolster the medical tourism market growth.
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Medical Tourism Market Dynamics
Medical tourism is when people across one nation commute to other country with the main motive to seek cure of any form, if the treatment is not available, affordable or accessible in the home country. The increasing awareness regarding medical tourism among patients is one of the major forces strengthening the growth of the medical tourism market. Also, low-cost of medical procedures in emerging nations will bolster the Medical Tourism market share as patients from different countries flew to emerging nations to save money. The outbreak of coronavirus has left a significant impact on the market, as patients were restricted to travel to their medical destination for the treatment.
Cardiovascular Treatment segment is anticipated to lead the market during the forecast period. The ongoing technological innovation and reduced cost in the field of healthcare services across developed and under-developed nations will bolster the market growth. However, the Dental care speciality segment is expected to witness a faster growth over the forecast period owing to the increasing adoption of Medical Tourism services among healthcare professionals and patients. Additionally, as per the Medical Tourism market research, the increasing availability of advanced Medical Tourism services and rising demand for cheaper treatment will fuel the market growth.
Market Segmentation
Medical Tourism Market by Speciality
· Cardiovascular Treatment
· Orthopedic Treatment
· Neurological Treatment
· Cancer Treatment
· Fertility Treatment
· Cosmetic Surgery
· Dental Care
· Other Surgery
Smart Glass Market by Region:
· Asia Pacific
o China
o Japan
o India
o Rest of APAC
· North America
o United States of America
o Canada
· Europe
o United Kingdom
o Germany
o France
o Spain
o Rest of Europe
· RoW
o Brazil
o South Africa
o Saudi Arabia
o UAE
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