About Outbound Medical Tourism Services
Outbound Medical Tourism Services is defined as cross-border mobility with the goal of obtaining medical treatment in some form or another, depending on treatment availability in the travelerís home country. Travelers in this type of tourism are people who prefer to travel to different regions to receive treatment for any disease, ailment, or to undergo cosmetic surgery.
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The key players in the market such as Apollo Hospital Enterprise Limited, T Global Medical Tourism Inc., Christus Muguerza Hospital Mednamaste, KPJ Healthcare Berhad, Bumrungrad International Hospital, and World Med Assist are some of the major players in the global outbound medical tourism services market. Some of these medical centres are implementing strategies such as medical insurance provision and simple financing schemes to attract outbound medical tourism patients. Analyst at AMA Research estimates that Indians Players will contribute the maximum growth to Global Outbound Medical Tourism Services market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Bumrungrad International Hospital (Southeast Asian), KPJ Healthcare Berhad (Malaysia), Christus Muguerza Hospital (United States), WorldMed Assist (Canada), Mednamaste (United Kingdom), Clinicspots (India), We Care Health Services (India), Alphine Life Solutions (India), TransEarth Medical Tourism (India), MediConnect India (India), Vaidam (India), MedMonks (India), Forerunners Healthcare (India), Mediniq (India) and Global Treatment Services (India) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Health Opinion (India), ARINAA Medical Tourism (India), ANAVARA (India) and Others.
AMA Research has segmented the market of Global Outbound Medical Tourism Services market by , Application (Adult and Children) and Region.
On the basis of geography, the market of Outbound Medical Tourism Services has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Service Provider, the sub-segment i.e. Public will boost the Outbound Medical Tourism Services market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Service, the sub-segment i.e. Medical VISA will boost the Outbound Medical Tourism Services market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Leaders and their expansionary development strategies
On 8th October 2021, Agarwals Eye Hospitals has announced a merger with city-based Aditya Jyot Eye Hospital, as well as plans to invest Rs 300 crore in Maharashtra over the next two years to expand its network. The merger with Aditya Jyot, a facility that has been in operation for over three decades, will bring Agarwals total network to 100 hospitals.
On 2021, The Indian government launched a medical tourism portal to provide patients with access to their network of healthcare facilities and a list of medical services available in the country. This allows patients schedule appointments with healthcare providers and even book for other services including accommodation and recreational activities before their arrival.
There are no regulations to govern MVT sector, which leaves the sector unorganized and lack of monitoring the quality of services by the Stakeholders such as MVT facilitators and Service Providers. There is need for greater support from the Government towards regulation, facilitation and marketing India as Medical Value Travel destination.
- Availability As Well As Affordable Of Quality Care
- Accessible Information & Care
- Assistance & Support from Government Agencies & Associations
- Widespread Hospital Network under Insurance Coverage for Cashless Transactions
- Problems Associated With Travel, Availability, Language Barriers, Documentation, & VISA Approval Issues
- Restricted Coverage & Lengthy Fractional Reimbursement by Payers
- Ethical Concerns for Outbound Medical Tourism Services
Key Target Audience
New Entrants/Investors, Medical Service Providers, Research Organizations and Universities, Hospitals, Consulting Companies, Investors and Venture Capitalists, Government Bodies and End Users
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have the better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with purpose to understand companys positioning regarding market value, volume and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders etc. and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, analyst team keeps preparing set of questionnaires and after getting appointee list; the target audience are then tapped and segregated with various mediums and channels that are feasible for making connection that includes email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey etc.
Frequently Asked Questions (FAQ):1. What all players are profiled in the study?
The standard version of the report profiles players such as Bumrungrad International Hospital (Southeast Asian), KPJ Healthcare Berhad (Malaysia), Christus Muguerza Hospital (United States), WorldMed Assist (Canada), Mednamaste (United Kingdom), Clinicspots (India), We Care Health Services (India), Alphine Life Solutions (India), TransEarth Medical Tourism (India), MediConnect India (India), Vaidam (India), MedMonks (India), Forerunners Healthcare (India), Mediniq (India) and Global Treatment Services (India) etc.2. Can we have customized study for Outbound Medical Tourism Services Market?
The Study can be customized subject to feasibility and data availability. Please connect with our sales representative for further information.3. What trending factors would impact Outbound Medical Tourism Services Market growth most?
"Increasing Preference for Aesthetics Outbound Medical Tourism Services" is seen as one of major influencing trends for Outbound Medical Tourism Services Market during projected period 2021-2027.