The medical tourism market is expected to grow significantly over the next few years, according to a report from Market Research Store.
Here are five key trends:
1. The global medical tourism market is expected to grow at a compound annual growth rate of 19.38 percent through 2019.
2. The high healthcare costs in the United States drives patients to search for affordable and low-cost treatment overseas. Patients may also travel for medical care to achieve better quality, shorter wait times and more personalized care.
3. The medical tourism market is in nascent stage and expected to gain momentum over the next four years.
4. The growing number in the aging population in the United States is expected to increase the number of people considering medial tourism.
5. Leading vendors in the market are Bangkok Dusit Medical Services, Bumrungrad Hospital and KPJ Healthcare Berhad, which offer competitively priced packages for international medical tourists.