Global medical tourism market is huge and growing emerging. This chapter describes twentyseven reported cases of medical tourists who died during or shortly after undergoing cosmetic surgery or bariatric surgery abroad since 1993. According to the international healthcare research center ihrc, medical tourism is. Medical tourism market by treatment type and region. Medical tourism is a global health practice where patients travel internationally with the intention of receiving medical services. By 2017, over 15 million americans are expected to travel overseas each year to have at least one medical procedure completed. In 20, the global wellness institute gwi unveiled the inaugural edition of the global wellness tourism economy report a landmark study that defined the parameters and characteristics of the emerging wellness tourism sector, estimated its global size. Amy max 33 was on a long waiting list in the united states to receive stem cell treatment for her lymes disease. Medical tourism market 2019 global industry share, demand. Medical tourism is a rapidly growing global market which is now being actively developed by both public and private sector tourism and healthcare organisations. Global medical tourism market size and share analysis to 2025. The global medical tourism market is affected by poor quality outcomes and poor and slow response times experienced by medical tourists.
The leading players in the global medical tourism market are mainly concentrated on the program development, which can be highly attractive for patients from different regions. 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. Best practices in medical tourism are few and far between global. Broadly speaking, medical tourism is the act of traveling to obtain medical care. Pdf medical tourism is considered as one of the tourism dimensions and it can. Medical tourism generates direct foreign exchange income and contributes to the overall development of any economy. Prnewswire the medical tourism global market and figures 2018 report has been added to s offering.
The global medical tourism market is among the fastestgrowing and also the most profitable in the healthcare sector. Medical tourism market 2020 trends, size, growth, merger. Risks and benefits of medical tourism verywell health. Following 31 reports of vimcrpa infections in the united states during the fall of 2018 to the cdcs antibiotic resistance laboratory networkincluding 6 linked to medical tourists who received care in mexicothe agency sent out an alert.
It provides employment and business opportunities for residents. In october 2016, the global healthcare policy and management forum was held at yonsei university, seoul, south korea. Medical tourism market 2019 global industry analysis. South africa has emerged as the clear leader as a medical tourist destination on the african continent, with morocco and tunisia well positioned. Medical tourism in the global context is at the rising trend in the third world because of affordability, cost, facility and expertise of some countries from the first world and also from the. High treatment costs and long waiting times versus better. Although physician executives are certainly aware that some patients bypass their hospital, clinic or ambulatory surgery center on the way to the airport to have care in other cities, they may be somewhat surprised to learn that an increasing number of patients are traveling to a wide variety of destinations around the world for medical, surgical and dental care. Medical tourism comprises of two different segments. Oct 25, 2011 health tourism, which includes medical tourism, is generally defined as organised travel outside ones local environment for the maintenance, enhancement, or restoration of an individuals wellbeing in mind and body. Medical tourismlinked infections global health jama.
We conducted a qualitative case study of the medical. Sep 26, 2019 the global medical tourism market is one of the fastest emerging markets and governments all over the world are actively promoting its expansion. Understanding the impacts of medical tourism on health. According to medical tourism market 2020 global industry analysis report published by fortune business insights, the global medical tourism market size is to expand at highest cagr and will. Medical tourism can be understood as a form of globalization which involves travel across. Medical tourism is related to the travel of patients from one country to another in order to obtain medical treatment in that country. An introduction to medical tourism whitehead agency group. According to the report, global medical tourism market was valued at approximately usd 15. However, in the past few years the world has seen a boom in medical tourism, both in practice and in the press. The treatment might incorporate a wide cluster of therapeutic services. Global medical tourism market 2019 insights on treatment. Conceptualizing the global and local social responsibilities of medical tourists and physician voluntourists. As the analysis of this complex field shows, there are many. Medical tourism is related to the travel of patients from one country to another in order to.
Pdf medical tourism is a modern concept, but not a new tourism practice. The medical tourism index measures and compares the consumer perception of medical tourism among leading destinations. Medical tourism market growth, trends, forecast 2020. By sharing performance and stories of sustainability initiatives, destinations around the world contribute to improving the consumers perception and opportunity to seek medical travel services around the world. Global share of medical tourism market size to reach usd. It limits the analysis to news media reports that were in the public domain and were intended for public consumption. Whether you are receiving surgery in the us or abroad, there are always risks involved. Global healthcare medical tourism since 2010, running by the global healthcare charitable trust, the medical tourism promoted by a group of medical professionals with over three decades of experience and distinguished medical practice, global healthcare tourism has been providing high quality and costeffective healthcare solutions on par with international standards in india for well over a. Medical tourism association a global platform for the. The case of guatemala is used to explore how the regulatory challenges posed by medical tourism should be dealt with in countries seeking to grow this sector. Medical tourism market size, global industry report, 2027. Pdf medical tourism is related to the travel of patients from one country to another in order to obtain medical treatment in that country. Medical tourism occurs when consumers elect to travel across international borders with the intention of receiving some form of medical treatment.
History of medical tourism the postrenaissance period. The upcoming market report contains data for historic years 2015, the base year of calculation is 2017 and the forecast period is 2018 to 2025. Although these medical tourism statistics show favorable figures, patients traveling abroad should research facts about the facilities and services regarding u. Accordin g to the global tourism moni tor survey, india is on the 60 th place. Department of psychology, university of cambridge, downing street, cambridge, cb2 3eb, england. Destination india 7 growth of middleincome class, with about 62 per cent households falling in this category in 20092010.
The 50% discount is offered for all ebooks and ejournals purchased on igi globals online bookstore. Reflections on medical tourism from the 2016 global. Medical tourism is a global health practice where patients travel abroad to receive health care. In earlier days, wealthy patients from developing countries have long traveled to developed countries for high quality medical care. As wonderful as medical tourism sounds, there are some issues that should be considered prior to signing up to have your medical or surgical treatment in a foreign country. Medical tourists elect to travel across international borders to receive some form of medical treatment treatments may span the full range of medical services most common.
He helped write the earliest documented spa guide in medical tourism history. Medical tourism market size, share, key segmentation. Medical tourism market to grow exponentially over 20142020. Research and marketing has published the first report on the global medical tourism market. The competitive landscape of the global medical tourism market is a consolidated one. Medical tourism is a rapidly growing global market which is now. Care and management of traveling international patients. Urbanisation and spread of economic prosperity in the small and large urban areas, employment guarantee programmes for rural population, good telecommunication infrastructure and improved infrastructure such as roads and electricity. Monitoring medical tourism trends only a few years ago, medical tourism was a blip in overall global tourism spending. Global medical tourism market size is touted to exhibit an impressive 21. A lead analyst at fortune business insights cites a research conducted by the medical tourism association which states that about 44. B2b meetings are the key to success in building long term. Tourism industry, as the biggest service industry in the world, has received. He was the french inventor of the essay, and was believed to be the father of luxury travel.
The 1st global medical tourism forum in lebanon, the port of entry to the middle east and europe. Introduction to medical tourism medical tourism is not a new concept. Electronic pdf the global medical tourism market size is expected to reach usd 207. Fortune business insights has published a premium research report on, titled, medical tourism market size, share and global trend by type domestic. The global growth in the flow of patients and health professionals as well as. It is estimated that the global medical tourism industry will grow at a compound annual growth rate of 17. Regulation of the medical tourism and public health sectors overlap in many instances, raising questions of how patient safety, economic growth, and health equity can be protected. The global medical tourism market is expected to grow with a cagr of 8. Medical tourism is transitioning towards medical value travel mvt medical tourism may be defined as activities related to travel and hosting a foreign tourist who stays at least one night at the destination region for the purpose of maintaining, improving or restoring health through medical intervention3. Emergence of developing economies of asia pacific as major hubs for medical tourism, posing themselves as affordable healthcare centers is a characteristic feature of this market. Global medical tourism market figures 2018 supply chain.
I am a regular speaker and commentator on medical tourism and the independent healthcare sector. The medical tourism association is a global nonprofit association for the medical tourism and international patient industry. Medical tourism chapter 9 2020 yellow book travelers. The financial benefits are well known, but the downsides can be significant, even deadly in some cases. Pdf medical tourismhealth care in the global economy. The global health tourism market accounted to usd 64,000. A range of low, middle, and high income countries are encouraging investment in the medical tourism sector, including countries in the caribbean targeting patients in north america and europe. One segment comprises of people who travel to other countries for rejuvenation purposes and the other comprises of people who. Jul, 2017 in october 2016, the global healthcare policy and management forum was held at yonsei university, seoul, south korea. The global medical tourism market size was valued at usd 44. 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.
Good public policies are needed to help make it happen. Voluntourism is a practice where physicians travel abroad to deliver health care. The global medical tourism market is mainly influenced by high medical treatment costs at native countries and easier treatment accessibility for health tourism patients. Medical tourism market size, industry share and growth. Medical tourism market industry trends, opportunities. Health tourism market global industry trends and forecast. This consolidation of the global market is due to the presence of only of handful of notable players. The factors associated with the growth of the market include higher treatment cost in developed countries, availability of the latest medical technologies, growing compliance on international quality standards, high quality of service, health insurance portability, and advertising and. Health tourism is to travel across different countries for the benefit of medical treatment of the diseases which may not be accessible in the patients nation of origin. Medical tourism market growth, trends, forecast 2020 2025.
Medical tourism market size,share forecast,industry report. Today, it is a multibillion dollar industry that is expected to increase by up to 25 percent per year over the next 10 years using visa transaction data we can see how much medical tourism has. Pdf medical tourism market trendsan exploratory research. Global healthcare medical tourism since 2010, running by the global healthcare charitable trust, the medical tourism promoted by a group of medical professionals with over three decades of experience and distinguished medical practice, global healthcare tourism has been providing high quality and costeffective healthcare solutions on par with. This treatment may span the full range of medical services, but most commonly includes dental. Medical tourism market size,share forecast,industry. Outbound medical tourism in 2007, an estimated 750,000 americans traveled abroad for medical care.
In 20, the global wellness institute gwi unveiled the inaugural edition of the global wellness tourism economy report a landmark study that defined the parameters and characteristics of the emerging wellness tourism sector, estimated its global size, and highlighted its far reaching economic impacts. With the expansion on our global community, it is easier. Although physician executives are certainly aware that some patients bypass their hospital. Attend the 1st global medical tourism forum and tradeshow, with unlimited networking opportunities. This discount cannot be combined with any other discount or promotional offer. Based on mtas recently released medical tourism index, there are 41 countries participating in the global medical tourism market. Medical tourism, also known as medical travel, surgical tourism or health tourism is promoted by governments of different countries to promote exceptional healthcare services provided by them. The world medical tourism and global healthcare congresss vip program allowed me the opportunity to explore many new programs to help my clients cut benefit costs and offer their employees more choices in getting the best healthcare possible. Our websites include international medical travel journal, treatment abroad, the medical tourism portal, doctorinternet, the arabic medical tourism portal and private healthcare uk, the uks leading site for private healthcare services.