north america outbound medical tourism services market to grow at a cagr of 25.5% through 2026

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  • Outbound Medical Tourism Services Market: North America Industry Analysis and Opportunity Assessment, 20162026

    December 2016

    2015 Future Market Insights, All Rights Reserved

    Report Id : REP-NA-2158

    Status : Nov-2016

    Category : Healthcare, Pharmaceuticals & Medical Devices

  • AboutFuture Market Insights

    2015 Future Market Insights, All Rights Reserved

    Future Market Insights (FMI) is a premier provider of syndicated research reports, customresearch reports, and consulting services. We deliver a complete packaged solution, whichcombines current market intelligence, statistical anecdotes, technology inputs, valuable growthinsights, aerial view of the competitive framework, and future market trends.

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  • Research Methodology (1/2)

    Systematic Research Approach

    In-depth secondary research is used to ascertain overall market size, top industry players, top products, industry associations, etc.

    PMR formulates a detailed discussion guide to conduct expert and industry interviews

    PMR develops a list of industry players (manufacturers), distributors, retailers and industry experts

    PMR conducts interviews with industry experts, industry players, distributors and retailers

    Data is validated by triangulation method, wherein secondary, primary and PMR analysis contribute to the final data

    Data is scrutinized using MS-Excel to obtain qualitative and quantitative insights about the industry

    PMR delivers industry insights and information in the required format (PDF)

    Data Collection

    Data Filter& Analysis

    Research &Intelligence

    ActionableInsights

    BusinessSolution

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    Primary Research

    Company Analysis

    Desk Research

    Identifying key opinion leaders

    Questionnaire design

    In-depth interviews

    Coverage across value chain

    Market participants

    Key strengths

    Product portfolio

    Mapping as per value chain

    Key focus segments

    Key industry experts

    Channel study

    Developments

    Market dynamics

    Products

    Conclusions

    SOLUTION

    Primary Research #

    Linkedin Zoominfo Salesforce Avention

    Factiva GBI Genios Meltwater

    Company websites Company annual

    reports White papers Financial reports

    2015 Future Market Insights, All Rights Reserved

    Secondary Research # Paid Publications#

    Insights

    Market profiling

    Formulating discussion guide

    Developing list of respondents

    Data analysis

    Data validation

    Data collection

    1

    2

    3

    4

    5

    6

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    # includes sources of databases

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  • North America Outbound Medical Tourism Services Market Anticipated to Register a CAGR of 25.5% Between 2016 and 2026

    According to a new report published by Future Market Insights titled Outbound Medical TourismServices Market: North America Industry Analysis and Opportunity Assessment, 20162026,the North America outbound medical tourism services market is expected to reach a marketvaluation of US$ 15.53 Bn by 2016 end and this is likely to increase to US$ 150.36 Bn by 2026.

    According to Future Market Insights, factors such as a large ageing baby boomer population, largeuninsured population, and better technology and wider treatment options are expected to drivethe revenue growth of the North America outbound medical tourism services market over theforecast period. Economic factors such as rising rate of health insurance premiums, high cost ofmedical treatments in the U.S., and parallel tourism with medical treatment are expected to boostthe growth of the North America outbound medical tourism services market between 2016 and2026. The other factors impacting the North America outbound medical tourism services marketare long waiting time for specialist appointments in the U.S. and increasing preference for non-conventional treatment options. The demand for cosmetic correction procedures and dentaltreatments has been significantly high in the U.S. market in recent years, making North Americathe most lucrative regional market for outbound medical tourism services. According to theInternational Society of Aesthetic Plastic Surgery, the U.S. was the largest market for cosmeticprocedures in 2015.

    North America Outbound Medical Tourism Services Market

    2015 Future Market Insights, All Rights Reserved 4

    http://www.futuremarketinsights.com/reports/north-america-outbound-medical-tourism-services-market

  • Lack of effective follow-up care on returning home, rampant medical malpractices in medicaltourism destinations, proliferation of superbugs in medical tourism destinations, problemsassociated with language barriers, and privacy concerns are some of the challenges anticipated torestrict revenue growth of the North America outbound medical tourism services market over theforecast period.

    Segmentation highlights

    The North America outbound medical tourism services market is segmented into the followingtherapeutic applications Cosmetic Surgery Treatment, Dental Treatment, CardiovascularTreatment, Orthopaedic Treatment, Cancer Treatment, Fertility Treatment, Weight Loss Treatment,Spinal Surgery Treatment, Neurology Treatment, and Other General Treatment.

    The Cosmetic Surgery Treatment segment is estimated to be valued at US$ 3,760.9 Mn by 2016end

    The Cancer Treatment segment is anticipated to register a CAGR of 22.0% over the forecastperiod

    The Orthopaedic Treatment segment is estimated to create absolute $ opportunity of US$1,658.9 Mn in 2017 over 2016

    North America Outbound Medical Tourism Services Market

    2015 Future Market Insights, All Rights Reserved 5

  • Regional forecast

    The North America outbound medical tourism services market is segmented into the two top countries ofU.S and Canada. U.S. is projected to occupy a major share in the North America outbound medicaltourism services market in terms of value. The U.S market is anticipated to be valued at US$ 14.98 Bn bythe end of 2016. In terms of value, U.S. is expected to be the dominant regional market by 2026 end andis expected to register a CAGR of 25.7% over the forecast period. Canada is expected to havecomparatively less market potential for outbound medical tourism services, registering a CAGR of 18.1%over the forecast period.

    Vendor insights

    The report profiles some of the top companies operating in the North America outbound medical tourismservices market. Leading market players featured in the report are Apollo Hospital Enterprise Limited,Bumrungrad International Hospital, KPJ Healthcare Berhad, Christus Muguerza Hospital, WorldMedAssist, Mednamaste, and Global Medical Tourism Inc. Major market players are adopting strategies suchas market expansion and strategic alliances to maintain their market share. Some of these companies arealso adopting strategies such as backward integration to support their core business of medical tourism.Companies are offering services such as insurance and financing for medical tourism and are looking toexpand their global footprint by enhancing their foreign customer base.

    North America Outbound Medical Tourism Services Market

    2015 Future Market Insights, All Rights Reserved 6

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  • 2015 Future Market Insights, All Rights Reserved

    Table of Content

    1. North America Outbound Medical Tourism Services Market - Executive Summary

    2. Research Methodology

    3. Assumptions and Acronyms Used

    4. North America Medical Tourism Services Market Overview

    4.1. Introduction4.1.1. North America Outbound Medical Tourism Services Market Taxonomy4.1.2. North America Outbound Medical Tourism Services Market Definition

    4.2. North America Outbound Medical Tourism Services Market Size and Forecast4.2.1. North America Outbound Medical Tourism Services Market Y-o-Y Growth4.2.2. North America Outbound Medical Tourism Services Market Absolute $ Opportunity

    4.3. Pricing Analysis

    4.3.1. Average Treatment Cost by Therapeutic Application

    7

  • 2015 Future Market Insights, All Rights Reserved

    Table of Content

    4.4. North America Outbound Medical Tour