Medical Tourism Industry

Medical tourists spend between 7475 and 15833 per medical travel trip.

Emploi tourisme martiniqueworld travel and tourism council myanmar. Importance and benefits of medical tourism are following as. Global medical tourism market to reach 143. Global healthcare resources ghr research for 2016 2017 shows that 277 of the medical tourism patients live in the usa.

Amid the covid 19 crisis the global market for medical tourism estimated at us66. A large number of people traveling for treatment every year. The medical tourism market size was valued at usd 448 billion in 2019 and is expected to grow at a compound annual growth rate cagr of 211 from 2020 to 2027.

The medical tourism association is a global non profit association for the medical tourism and international patient industry. With health care costs continuing to rise and wait times sometimes too long for a serious illness overseas medical treatment is a forced option. Currently growth rate of medical tourism is predicted to go up to 25 annually for the next 10 years.

Even with the affordable care act providing more insurance options costs continue to rise. Medical tourism industry has a promising future. The availability of additional benefits including better healthcare latest technologies innovative medicines modern devices better hospitality and personalized care are some of the drivers of this market.

Indias medical tourism industry has been on the rise in recent years and could grow to be a 9 billion industry by 2020. 6 billion by 2027. It plays an important role in the tourism sector.

The medical tourism industry lies at the intersection of tourism travel and medical care. The mta works with healthcare providers governments insurance companies employers and other buyers of healthcare in their medical tourism international patient and healthcare initiatives with a focus on providing the highest quality transparent healthcare. Almost 16 are from the united arab emirates.

Medical tourism is a unique concept in the travel and tourism industry. As such you must collaborate with staff from travel and tourism agencies and with medical institutions and maintain an extensive network of contacts ranging from embassy staff translators and insurance providers to airlines hotels travel agencies and your competitors in the medical tourism industry. 7 billion in the year 2020 is projected to.

Collaboration a must in the medical tourism industry.