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Pulished Date August, 2019
ID: 1772
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Asia Pacific Medical Tourism Market Research Report – Segmented by Treatment Type, Country (India, China, Japan, South Korea, Australia, New Zealand, Thailand, Malaysia, Vietnam, Philippines, Indonesia, Singapore and Rest of APAC) - Industry Analysis, Size, Share, Growth, Trends, Forecast (2019 - 2024)

Pulished: August, 2019
ID: 1772
Pages: 145

APAC Medical Tourism Market Size & Growth (2019 - 2024)

The size of the Medical Tourism Market in the Asia Pacific was worth USD 7.79 billion in 2019 and estimated to be growing at a CAGR of 22.4%, to reach USD 19.87 billion by 2024.

The different growth variables for the medical tourism market in Asia-Pacific include the availability of state-of-the-art medical techniques, growing compliance with and maintaining international quality standards, high service quality, mobility of medical insurance, and medical tourism advertising.

Despite drivers like the high cost of treatment and conditions of long waiting time for medical procedures, technological advances, and market development are propelling the market, the market is hindered by strict documentation forms, issues related to visa authorization, and limited scope of protection.

The Asia-Pacific medical tourism market is expected to witness powerful development throughout the forecast period as developing nations are progressively moving towards technological advances and quality management in the medical and healthcare sector. It is also expected that the development of healthcare services by different private and government industries will further support the development of the market. There is presently a large flow of patients to Asia, especially Thailand, South Korea, India, and Malaysia. Most of the patients come from the United States. Europe, which seeks high-quality services at affordable rates, and is regarded as one of the Asia-Pacific region's major growth opportunities.

This research report has been segmented and sub-segmented into the following categories:

  • By Treatment Type - Cardiovascular Treatment, Orthopedic Treatment, Fertility Treatment, Neurological Treatment, Dental Treatment, Cancer Treatment, Cosmetic Treatment, and Others
  • By Country – India, China, Japan, South Korea, Australia, New Zealand, Thailand, Malaysia, Vietnam, Philippines, Indonesia, Singapore and Rest of APAC

Regionally, the Asia-Pacific region presently dominates the market for medical tourism and its fortress is projected to continue for some more years. Because of the increased preference of medical tourism across the region's developing countries, this area is projected to increase its market share in the coming years. Asia Pacific is majorly segmented geographically into China, India, Japan, South Korea, Australia, ASEAN countries, and the rest of Asia Pacific. China owns the majority of the Asia-Pacific market and is attributed to China's lower treatment costs and better healthcare facilities.

Medical tourism constitutes a third or more of private hospital income in most members of the Association of Southeast Asian Nations. Competition amongst countries and hospitals is escalating with each country trying to obtain a slice of this pie. The healthcare market in Southeast Asia is growing more rapidly than in other countries, driven in particular by the private sector and, in particular, medical tourism. International tourists are a significant source of revenue for the region's private hospitals. Medical tourism accounted for 25% of revenue in India and 10-15% of revenue in the Philippines, South Korea, and Taiwan.

Following are the companies playing a leading role in the APAC Medical Tourism Market are Min-Sheng General Hospital, Apollo Hospitals Enterprise Limited, Samitivej Sukhumvit, Fortis Healthcare Ltd., Prince Court Medical Center, Bangkok Hospital Medical Center, Asian Heart Institute KPJ Healthcare Berhad, Raffles Medical Group, and Bumrungrad International Hospital.

1.Introduction                                                  

                1.1 Market Definition                                    

                1.2 Study Deliverables                                  

                1.3 Base Currency, Base Year and Forecast Periods                                          

                1.4 General Study Assumptions                                

2. Research Methodology                                                           

                2.1 Introduction                                               

                2.2 Research Phases                                      

                                2.2.1 Secondary Research                           

                                2.2.2 Primary Research                 

                                2.2.3 Econometric Modelling                      

                                2.2.4 Expert Validation                  

                2.3 Analysis Design                                         

                2.4 Study Timeline                                          

3. Overview                                                       

                3.1 Executive Summary                                

                3.2 Key Inferences                                         

                3.3 Epidemology                                              

4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)                                                    

                4.1 Market Drivers                                          

                4.2 Market Restraints                                    

                4.3 Key Challenges                                         

                4.4 Current Opportunities in the Market                                              

5. Market Segmentation                                                              

                5.1 Type                                              

                                5.1.1 Introduction                           

                                5.1.2  Orthopedic                            

                                5.1.3 Neurological                           

                                5.1.4  Cardiovascular                      

                                5.1.5 Fertility                     

                                5.1.6 Cancer Treatment                

                                5.1.7  Y-o-Y Growth Analysis, By Type                    

                                5.1.8  Market Attractiveness Analysis, By Type                  

                                5.1.9  Market Share Analysis, By Type                    

6. Geographical Analysis                                                              

                6.1 Introduction                                               

                                6.1.1 Regional Trends                    

                                6.1.2 Impact Analysis                     

                                6.1.3 Y-o-Y Growth Analysis                        

                                                6.1.3.1 By Geographical Area     

                                                6.1.3.2 By Type 

                                6.1.4  Market Attractiveness Analysis                     

                                                6.1.4.1 By Geographical Area     

                                                6.1.4.2 By Type 

                                6.1.5  Market Share Analysis                      

                                                6.1.5.1 By Geographical Area     

                                                6.1.5.2 By Type 

                6.2 China                                             

                6.3 India                                              

                6.4 Japan                                            

                6.5 South Korea                                               

                6.6 Australia                                      

7.Strategic Analysis                                                        

                7.1 PESTLE analysis                                         

                                7.1.1 Political                     

                                7.1.2 Economic                 

                                7.1.3 Social                         

                                7.1.4 Technological                         

                                7.1.5 Legal                          

                                7.1.6 Environmental                       

                7.2 Porter’s Five analysis                                              

                                7.2.1 Bargaining Power of Suppliers                        

                                7.2.2 Bargaining Power of Consumers                    

                                7.2.3 Threat of New Entrants                     

                                7.2.4 Threat of Substitute Products and Services                              

                                7.2.5 Competitive Rivalry within the Industry                     

8.Market Leaders' Analysis                                                         

                8.1 Apollo Hospitals Enterprise Limited                                  

                                8.1.1 Overview                 

                                8.1.2 Product Analysis                   

                                8.1.3 Financial analysis                  

                                8.1.4 Recent Developments                       

                                8.1.5 SWOT analysis                       

                                8.1.6 Analyst View                          

                8.2 Samitivej Sukhumvit                                               

                8.3 Fortis Healthcare Ltd.                                             

                8.4 Asian Heart Institute                                              

                8.5 Prince Court Medical Center                                               

                8.6 Bangkok Hospital Medical Center                                     

                8.7 KPJ Healthcare Berhad                                          

                8.8 Raffles Medical Group                                           

                8.9 Bumrungrad International Hospital                                  

                8.10 Min-Sheng General Hospital                                             

9.Competitive Landscape                                                            

                9.1 Market share analysis                                            

                9.2 Merger and Acquisition Analysis                                       

                9.3 Agreements, collaborations and Joint Ventures                                         

                9.4 New Product Launches                                         

10.Market Outlook and Investment Opportunities                                                          

Appendix                                                           

                a) List of Tables                                

                b) List of Figures                                              

  • Regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
  • Segment-level analysis in terms of technology, component, and type along with market size forecasts and estimations to detect key areas of industry growth in detail
  • Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
  • Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
  • Study the micro environment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analysing the level of competition and business strategy development
  • A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
  • Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
  • An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions
  • Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
  • Asia-Pacific Medical Tourism Market Market By Treatment Type, From 2019 - 2024 ( USD Million )
  • Asia-Pacific Orthopedic Market By Region, From 2019 - 2024 ( USD Million )
  • Asia-Pacific  Neurological Market By Region, From 2019 - 2024 ( USD Million )
  • Asia-Pacific Cardiovascular Market By Region, From 2019 - 2024 ( USD Million )
  • Asia-Pacific Fertility Market By Region, From 2019 - 2024 ( USD Million )
  • Asia-Pacific Cancer Treatment Market By Region, From 2019 - 2024 ( USD Million )
  • Japan Medical Tourism Market Market By Treatment Type, From 2019 - 2024 ( USD Million )
  • China Medical Tourism Market Market By Treatment Type, From 2019 - 2024 ( USD Million )
  • India Medical Tourism Market Market By Treatment Type, From 2019 - 2024 ( USD Million )
  • Australia Medical Tourism Market Market By Treatment Type, From 2019 - 2024 ( USD Million )
  • South Korea Medical Tourism Market Market By Treatment Type, From 2019 - 2024 ( USD Million )

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