The global “medical tourism market” is rising at a fast pace, driven by governments support across various n. This information has been shared by Fortune Business Insights in its report, titled “Medical Tourism Market Size, Share and Global Trend By Type (Domestic, International), By Treatment (Cosmetology, Dentistry, Cardiology, Orthopaedic surgery, Neurology, Oncology, Other), and Geography Forecast till 2026”. The report highlights the various aspects and advantages of the fledgling global medical tourism market. Medical tourism can be understood as a form of globalisation which involves travel across international borders to avail medical facilities in foreign destinations. Medical tourism or travel has grabbed the interest of governments and medical professionals alike.
Governments view medical exploratory activities as an opportunity to showcase their unique healthcare services; medical professionals seek newer frontiers to research alternative medicines and treatments for prevailing diseases. For example, homeopathy and Ayurveda in India offer effective alternative remedies to western allopathy. In the end, both parties inject the necessary fuel that will propel growth of the global medical tourism market.
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Dynamic Competition Accelerating Growth
Competition among key players to capitalize on the existing opportunities in the rapidly advancing global medical tourism market has grown exponentially. Research and development activities are being funded by private companies to maintain their competitive edge in the market. For example, Clearbridge Health has announced the building of a massive clinic in Hong Kong that will serve as a work floor for visiting medical specialists. In India, the southern state of Kerala is actively promoting health and medical tourism as an integral part of its tourism industry to attract foreign tourists. Such examples are proof that competition in the global medical tourism market is taking place not just between private players, but also in the public sector.
According to the report, some of the major players in the global medical tourism market include Mount Elizabeth Hospital in Singapore, Apollo Hospitals Enterprise Limited and Asian Heart Institute in India, Asklepios Kliniken GmbH in Germany, Bumrungrad International Hospital in Thailand, among others.
Leading Players operating in the Medical Tourism Market are:
Key players are involved in mergers and acquisition to strengthen their market position. Owing to increasing competition frequent innovations are taking place in the market. Some of the companies operating the industry are:
- Bumrungrad International Hospital
- Mount Elizabeth Hospital
- Bangkok Chain Hospital
- KPJ Healthcare Berhad
- Apollo Hospitals Enterprise Limited
- Fortis Healthcare Limited
- Asian Heart Institute
- Asklepios Kliniken GmbH
The Latest Research on Medical Tourism Market highlights leading regions across the world, with an aim to offer a better understanding to the user. Furthermore, the report provides insights into the latest industry trends and analyzes technologies that are being deployed at a rapid pace at a global level. It further highlights some of the growth stimulating factors and restraints, helping the reader to gain an in-depth knowledge about the market.
An Overview of the Impact of COVID-19 on this Market:
The emergence of COVID-19 has brought the world to a standstill. We understand that this health crisis has brought an unprecedented impact on businesses across industries. However, this too shall pass. Rising support from governments and several companies can help in the fight against this highly contagious disease. There are some industries that are struggling and some are thriving. Overall, almost every sector is anticipated to be impacted by the pandemic.
We are taking continuous efforts to help your business sustain and grow during COVID-19 pandemics. Based on our experience and expertise, we will offer you an impact analysis of coronavirus outbreak across industries to help you prepare for the future.
Click here to get the short-term and long-term impact of COVID-19 on this Medical Tourism Market. Please visit: https://www.fortunebusinessinsights.com/industry-reports/medical-tourism-market-100681