Global medical tourism market expected to grow and reach US$ 46.6 billion by 2021

Published on : Wednesday, June 28, 2017

medical-tourismAccording to the report “Global Medical Tourism Market,” published by Market Data Forecast, the global market is projected to reach USD 46.6 billion by 2021 from USD 19.7 billion in 2016, at a CAGR of 18.8% from 2016 to 2021.

 
Medical tourism involves travelling outside the country of residence for the purpose of receiving medical care. Growth in the popularity of medical tourism has captured the attention of policy-makers, researchers and the media. Originally, the term referred to the travel of patients from less-developed countries to developed nations in pursuit of the treatments not available in their homeland.

 
But now, we are experiencing both qualitative and quantitative shifts in patient mobility, as people travel from richer to less-developed countries in order to access health services. This is due to relative low-cost of treatments in less developed nations, the availability of inexpensive flights and increased marketing and online consumer information about the availability of medical services.

 
In tourism context, people often stay in the foreign country even after the medical procedure gets over. Travelers can thus take advantage of their visit by sightseeing, taking day trips or participating in any other traditional tourism activities.

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