North America Outbound Medical Tourism Services Market

North America Outbound Medical Tourism Services Market, By Therapeutic Application (Cosmetic Surgery Treatment, Dental Treatment, Cardiovascular Treatment, Orthopedic Treatment, Cancer Treatment, Fertility Treatment, Weight Loss Treatment, Spinal Surgery Treatment, Neurology Treatment, Other General Treatment), and By Countries (U.S., Canada)- Size, Share, Outlook, and Opportunity Analysis, 2023 - 2030
Medical tourists travel internationally to improve their health and access low-cost healthcare services unavailable in their home country. Tourists can receive various medical services, including dental, neurological, or cardiovascular treatments. Medical tourism offers many benefits, including improved hospitality, personalized care, cutting-edge technology, and novel medicines. It also provides better healthcare. The world is becoming more open to utilizing advanced medical technology in surgery, medical devices, and related healthcare. Patients can now access information and communication technology, telemedicine, and telehealth worldwide. As a result, they can consult, book appointments with specialists, and receive high-quality care without hesitation. This has resulted in an increase in inbound tourism to developing North America. In addition, the availability of quality medical structures and lower costs have led to a greater demand for affordable treatment, helping the market grow.

Market Dynamics

The key market players are focusing on the adoption of growth strategies such as partnerships, which is attributed to the growth of the North America outbound medical tourism services market. For instance, in October 2020, Royal Philips,is health technology manufacturing company in U.S., announced a collaboration with Singapore General Hospital (SGH) to establish the Singapore General Hospital Digital and Computational Pathology Center of Excellence. The SGH Center of Excellence aims to advance pathology practice by implementing a fully digital histopathology workflow and deploying Artificial Intelligence (AI) to increase productivity and enhance patient care. Situated within SGH’s Division of Pathology, the centre has use the Philips IntelliSite Pathology Solution to establish ASEAN’s fully digitized histopathology laboratory by maximising its digital skills for primary diagnosis, training and R&D.

Key features of the study:This report provides an in-depth analysis of North America outbound medical tourism services market and provides market size (US$ Billion) and compound annual growth rate (CAGR) for the forecast period (2023–2030), considering 2022 as the base yearIt elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this marketThis study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key playersIt profiles key players in the North America Outbound Medical Tourism Services market based on the following parameters–Company highlights, products portfolio, key highlights, financial performance, and strategiesKey companies covered as a part of this study include include Apollo Hospital Enterprise Limited, Bumrungrad International Hospital, KPJ Healthcare Berhad, Christus Muguerza Hospital, WorldMed Assist, Mednamaste, and Global Medical Tourism Inc.Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tacticsNorth America Outbound Medical Tourism Services market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analystsStakeholders would have ease in decision-making through various strategy matrices used in analyzing the North America Outbound Medical Tourism Services marketDetailed Segmentation:North America Outbound Medical Tourism Services Market, By Therapeutic Application:Cosmetic Surgery TreatmentDental TreatmentCardiovascular TreatmentOrthopedic TreatmentCancer TreatmentFertility TreatmentWeight Loss TreatmentSpinal Surgery TreatmentNeurology TreatmentOther General TreatmentNorth America Outbound Medical Tourism Services Market, By Country:U.S.CanadaCompany ProfilesApollo Hospital Enterprise Limited Bumrungrad International HospitalKPJ Healthcare BerhadChristus Muguerza HospitalWorldMed AssistMednamasteGlobal Medical Tourism Inc.