North America medical tourism market is projected to grow by 22.4% annually in the forecast period and reach $24,979.5 million by 2031, driven by the growing healthcare expenses in developed countries, inadequate insurance benefits and a lack of healthcare insurance in the local market, increased demand for non-covered operations such as gender reassignment surgery and reproductive therapy, the rising accessibility to the most recent and technologically radical procedures of treatment, and the growing lifestyle-related disorders along with the aging population.
Highlighted with 26 tables and 56 figures, this 113-page report “North America Medical Tourism Market 2021-2031 by Specialty Type (Cosmetic, Cardiac, Orthopedic, Dental, Fertility, Organ Transplant, Bariatric), Tourism Type, Consumer Group, Tour Type, and Country: Trend Forecast and Growth Opportunity” is based on a comprehensive research of the entire North America medical tourism market and all its sub-segments through extensively detailed classifications. Profound analysis and assessment are generated from premium primary and secondary information sources with inputs derived from industry professionals across the value chain. The report is based on studies on 2019-2021 and provides forecast from 2022 till 2031 with 2021 as the base year. (Please note: The report will be updated before delivery so that the latest historical year is the base year and the forecast covers at least 5 years over the base year.)
In-depth qualitative analyses include identification and investigation of the following aspects:
• Market Structure
• Growth Drivers
• Restraints and Challenges
• Emerging Product Trends & Market Opportunities
• Porter’s Fiver Forces
The trend and outlook of North America market is forecast in optimistic, balanced, and conservative view by taking into account of COVID-19 and Russia-Ukraine conflict. The balanced (most likely) projection is used to quantify North America medical tourism market in every aspect of the classification from perspectives of Specialty Type, Tourism Type, Consumer Group, Tour Type, and Country.
Based on Specialty Type, the North America market is segmented into the following sub-markets with annual revenue ($ mn) for 2021-2031 included in each section.
• Cosmetic Surgery
o Breast Surgery
o Face Surgery
o Liposuction
o Other Cosmetic Surgeries
• Cardiac Surgery
o Coronary Artery Bypass Surgery (CABG)
o Angioplasty
o Other Cardiac Surgeries
• Orthopedic Treatment
o Knee Replacement
o Hip Replacement
o Other Orthopedic Treatments
• Dental Treatment
• Fertility Treatment
• Organ Transplant
o Liver Transplant
o Kidney Transplant
o Bone Marrow Transplant
o Other Organ Transplants
• Bariatric Surgery
• Other Specialty Types
Based on Tourism Type, the North America market is segmented into the following sub-markets with annual revenue ($ mn) for 2021-2031 included in each section.
• International Tourism
• Domestic Tourism
By Consumer Group, the North America market is segmented into the following sub-markets with annual revenue ($ mn) for 2021-2031 included in each section.
• Men
• Women
• Kids
By Tour Type, the North America market is segmented into the following sub-markets with annual revenue ($ mn) for 2021-2031 included in each section.
• Independent Travelers
• Tour Group
• Package Travelers
Geographically, the following national/local markets are fully investigated:
• U.S.
• Canada
• Mexico
For each key country, detailed analysis and data for annual revenue ($ mn) are available for 2021-2031. The breakdown of national markets by Specialty Type, Tourism Type and Consumer Group over the forecast years are also included.
The report also covers current competitive scenario and the predicted trend; and profiles key vendors including market leaders and important emerging players.
Selected Key Players:
Aditya Birla Memorial Hospital
Anadolu Medical Center
Apollo Hospital Enterprise Limited
Asian Heart Institute
Asklepios Kliniken GmbH and Co. KGaA
Bangkok Hospital Medical Center
Barbados Fertility Center
Bumrungrad International Hospital
Clemenceau Medical Center
Fortis Healthcare
Gleneagles Hospital
KPJ Healthcare Berhad
Prince Court Medical Center
Raffles Medical Group
Samitivej Plc
Seoul National University Hospital
UZ Leuven
(Please note: The report will be updated before delivery so that the latest historical year is the base year and the forecast covers at least 5 years over the base year.)
1 Introduction 7
1.1 Industry Definition and Research Scope 7
1.1.1 Industry Definition 7
1.1.2 Research Scope 8
1.2 Research Methodology 11
1.2.1 Overview of Market Research Methodology 11
1.2.2 Market Assumption 12
1.2.3 Secondary Data 12
1.2.4 Primary Data 12
1.2.5 Data Filtration and Model Design 13
1.2.6 Market Size/Share Estimation 14
1.2.7 Research Limitations 15
1.3 Executive Summary 16
2 Market Overview and Dynamics 18
2.1 Market Size and Forecast 18
2.1.1 Impact of COVID-19 on World Economy 19
2.1.2 Impact of COVID-19 on the Market 21
2.2 Major Growth Drivers 23
2.3 Market Restraints and Challenges 28
2.4 Emerging Opportunities and Market Trends 31
2.5 Porter’s Fiver Forces Analysis 35
3 Segmentation of North America Market by Specialty Type 39
3.1 Market Overview by Specialty Type 39
3.2 Cosmetic Surgery 41
3.2.1 Breast Surgery 46
3.2.2 Face Surgery 47
3.2.3 Liposuction 48
3.2.4 Other Cosmetic Surgeries 49
3.3 Cardiac Surgery 50
3.3.1 Coronary Artery Bypass Surgery (CABG) 51
3.3.2 Angioplasty 52
3.3.3 Other Cardiac Surgeries 53
3.4 Orthopedic Treatment 54
3.4.1 Knee Replacement 55
3.4.2 Hip Replacement 56
3.4.3 Other Orthopedic Treatments 57
3.5 Dental Treatment 58
3.6 Fertility Treatment 59
3.7 Organ Transplant 60
3.7.1 Liver Transplant 61
3.7.2 Kidney Transplant 62
3.7.3 Bone Marrow Transplant 63
3.7.4 Other Organ Transplants 64
3.8 Bariatric Surgery 65
3.9 Other Specialty Types 66
4 Segmentation of North America Market by Tourism Type 67
4.1 Market Overview by Tourism Type 67
4.2 International Tourism 69
4.3 Domestic Tourism 70
5 Segmentation of North America Market by Consumer Group 71
5.1 Market Overview by Consumer Group 71
5.2 Men 73
5.3 Women 74
5.4 Kids 75
6 Segmentation of North America Market by Tour Type 76
6.1 Market Overview by Tour Type 76
6.2 Independent Travelers 78
6.3 Tour Group 79
6.4 Package Travelers 80
7 North America Market 2021-2031 by Country 81
7.1 Overview of North America Market 81
7.2 U.S. 84
7.3 Canada 87
7.4 Mexico 89
8 Competitive Landscape 91
8.1 Overview of Key Vendors 91
8.2 New Product Launch, Partnership, Investment, and M&A 94
8.3 Company Profiles 95
Aditya Birla Memorial Hospital 95
Anadolu Medical Center 97
Apollo Hospital Enterprise Limited 98
Asian Heart Institute 99
Asklepios Kliniken GmbH and Co. KGaA 100
Bangkok Hospital Medical Center 101
Barbados Fertility Center 102
Bumrungrad International Hospital 103
Clemenceau Medical Center 104
Fortis Healthcare 105
Gleneagles Hospital 106
KPJ Healthcare Berhad 107
Prince Court Medical Center 108
Raffles Medical Group 109
Samitivej Plc 110
Seoul National University Hospital 111
UZ Leuven 112
RELATED REPORTS 113
List of Tables:
Table 1. Snapshot of North America Medical Tourism Market in Balanced Perspective, 2021-2031 17
Table 2. World Economic Outlook, 2021-2031 20
Table 3. World Health Spending by Region, $ bn, 2013-2020 27
Table 4. Main Product Trends and Market Opportunities in North America Medical Tourism Market 31
Table 5. North America Medical Tourism Market by Specialty Type, 2021-2031, $ mn 39
Table 6. North America Medical Tourism Market: Cosmetic Surgery by Type, 2021-2031, $ mn 41
Table 7. Worldwide Most Popular Cosmetic Surgeries by Type, 2022 44
Table 8. North America Medical Tourism Market: Cardiac Surgery by Type, 2021-2031, $ mn 50
Table 9. North America Medical Tourism Market: Orthopedic Treatment by Type, 2021-2031, $ mn 54
Table 10. North America Medical Tourism Market: Organ Transplant by Type, 2021-2031, $ mn 60
Table 11. North America Medical Tourism Market by Tourism Type, 2021-2031, $ mn 67
Table 12. North America Medical Tourism Market by Consumer Group, 2021-2031, $ mn 71
Table 13. North America Medical Tourism Market by Tour Type, 2021-2031, $ mn 76
Table 14. North America Medical Tourism Market by Country, 2021-2031, $ mn 82
Table 15. U.S. Medical Tourism Market by Specialty Type, 2021-2031, $ mn 86
Table 16. U.S. Medical Tourism Market by Tourism Type, 2021-2031, $ mn 86
Table 17. U.S. Medical Tourism Market by Consumer Group, 2021-2031, $ mn 86
Table 18. Canada Medical Tourism Market by Specialty Type, 2021-2031, $ mn 88
Table 19. Canada Medical Tourism Market by Tourism Type, 2021-2031, $ mn 88
Table 20. Canada Medical Tourism Market by Consumer Group, 2021-2031, $ mn 88
Table 21. Mexico Medical Tourism Market by Specialty Type, 2021-2031, $ mn 90
Table 22. Mexico Medical Tourism Market by Tourism Type, 2021-2031, $ mn 90
Table 23. Mexico Medical Tourism Market by Consumer Group, 2021-2031, $ mn 90
Table 24. Aditya Birla Memorial Hospital: Company Snapshot 95
Table 25. Aditya Birla Memorial Hospital: Business Segmentation 96
Table 26. Aditya Birla Memorial Hospital: Product Portfolio 96
