Medical Tourism Market 2015 to grow at a CAGR of 19.38% By 2019: Market Research Store

Deerfield Beach, FL -- (SBWire) -- 09/16/2015 --Global Medical Tourism Market 2014-2018

About the Report
In recent years, the Global Medical Tourism Market has witnessed an increase in the number of US patients traveling abroad for medical treatment. Global Medical Tourism market to grow at a CAGR of 19.38 percent over the period 2014-2019. High healthcare costs have compelled patients to search for affordable and low-cost treatments overseas. Medical Tourism is defined as when patient is travelling abroad in order to receive medical treatment. The medical treatment include medicinal or surgical such as heart bypass, heart valve replacement, hip replacement, dental implant, spinal fusion, tummy tuck, breast implant, cosmetic surgery, angioplasty, and other treatment. The patients travel abroad to get the medical treatment because of cost-saving, better quality care, affordability, no waiting time, and more personalized care. Medical tourism is a form of outsourcing medical services to low-cost countries. The medical tourism market is in nascent stage and is expected to gain momentum during the forecast period.

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"Approximately 19 million people in the US are either uninsured or underinsured, which makes them unable to bear the high cost of treatment in the US,".

"The growing aging population in the US is also expected to contribute to an increase in the number of citizens ready to avail treatment through medical tourism."

Covered in this Report

This report covers the present scenario and the growth prospects of the Global Medical Tourism market for the period 2015-2019. To calculate market size, the report takes into account the amount spend by the medical tourists for medical services and treatment while traveling abroad. The report does not include the amount spent on food, lodging, visiting sightseeing places, and air fares.

Global Medical Tourism Market 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the Americas, and the EMEA and APAC regions; it also covers the Global Medical Tourism market landscape and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.

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Many high-cost treatments like cosmetic surgery are not covered by insurers, which encourages patients to travel abroad for treatment. This growing number of patients traveling overseas to seek treatment is expected to boost market growth in the coming years.

Some key leading vendors like Bangkok Dusit Medical Services, Bumrungrad Hospital and KPJ Healthcare Berhad are offering competitively priced packages for international medical tourists so as to gain a competitive edge in the market.

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