North America medical tourism market is projected to grow by 19.9% annually in the forecast period and reach $29,251.0 million by 2032, 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 28 tables and 56 figures, this 118-page report “North America Medical Tourism Market 2022-2032 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 2020-2022 and provides forecast from 2023 till 2032 with 2022 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 2022-2032 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 2022-2032 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 2022-2032 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 2022-2032 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 2022-2032. The breakdown of national markets by Specialty Type, Consumer Group, and Tour Type over the forecast years is also included.
The report also covers the 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 22
2.1.3 Impact of Russia-Ukraine Conflict: War Slows Economic Recovery 24
2.2 Major Growth Drivers 28
2.3 Market Restraints and Challenges 33
2.4 Emerging Opportunities and Market Trends 36
2.5 Porter’s Fiver Forces Analysis 40
3 Segmentation of North America Market by Specialty Type 44
3.1 Market Overview by Specialty Type 44
3.2 Cosmetic Surgery 46
3.2.1 Breast Surgery 51
3.2.2 Face Surgery 52
3.2.3 Liposuction 53
3.2.4 Other Cosmetic Surgeries 54
3.3 Cardiac Surgery 55
3.3.1 Coronary Artery Bypass Surgery (CABG) 56
3.3.2 Angioplasty 57
3.3.3 Other Cardiac Surgeries 58
3.4 Orthopedic Treatment 59
3.4.1 Knee Replacement 60
3.4.2 Hip Replacement 61
3.4.3 Other Orthopedic Treatments 62
3.5 Dental Treatment 63
3.6 Fertility Treatment 64
3.7 Organ Transplant 65
3.7.1 Liver Transplant 66
3.7.2 Kidney Transplant 67
3.7.3 Bone Marrow Transplant 68
3.7.4 Other Organ Transplants 69
3.8 Bariatric Surgery 70
3.9 Other Specialty Types 71
4 Segmentation of North America Market by Tourism Type 72
4.1 Market Overview by Tourism Type 72
4.2 International Tourism 74
4.3 Domestic Tourism 75
5 Segmentation of North America Market by Consumer Group 76
5.1 Market Overview by Consumer Group 76
5.2 Men 78
5.3 Women 79
5.4 Kids 80
6 Segmentation of North America Market by Tour Type 81
6.1 Market Overview by Tour Type 81
6.2 Independent Travelers 83
6.3 Tour Group 84
6.4 Package Travelers 85
7 North America Market 2022-2032 by Country 86
7.1 Overview of North America Market 86
7.2 U.S. 89
7.3 Canada 92
7.4 Mexico 94
8 Competitive Landscape 96
8.1 Overview of Key Vendors 96
8.2 New Product Launch, Partnership, Investment, and M&A 99
8.3 Company Profiles 100
Aditya Birla Memorial Hospital 100
Anadolu Medical Center 102
Apollo Hospital Enterprise Limited 103
Asian Heart Institute 104
Asklepios Kliniken GmbH and Co. KGaA 105
Bangkok Hospital Medical Center 106
Barbados Fertility Center 107
Bumrungrad International Hospital 108
Clemenceau Medical Center 109
Fortis Healthcare 110
Gleneagles Hospital 111
KPJ Healthcare Berhad 112
Prince Court Medical Center 113
Raffles Medical Group 114
Samitivej Plc 115
Seoul National University Hospital 116
UZ Leuven 117
RELATED REPORTS 118
List of Tables:
Table 1. Snapshot of North America Medical Tourism Market in Balanced Perspective, 2022-2032 17
Table 2. World Economic Outlook, 2021-2031 20
Table 3. World Economic Outlook, 2021-2023 21
Table 4. Scenarios for Economic Impact of Ukraine Crisis 25
Table 5. World Health Spending by Region, $ bn, 2013-2020 32
Table 6. Main Product Trends and Market Opportunities in North America Medical Tourism Market 36
Table 7. North America Medical Tourism Market by Specialty Type, 2022-2032, $ mn 44
Table 8. North America Medical Tourism Market: Cosmetic Surgery by Type, 2022-2032, $ mn 46
Table 9. Worldwide Most Popular Cosmetic Surgeries by Type, 2022 49
Table 10. North America Medical Tourism Market: Cardiac Surgery by Type, 2022-2032, $ mn 55
Table 11. North America Medical Tourism Market: Orthopedic Treatment by Type, 2022-2032, $ mn 59
Table 12. North America Medical Tourism Market: Organ Transplant by Type, 2022-2032, $ mn 65
Table 13. North America Medical Tourism Market by Tourism Type, 2022-2032, $ mn 72
Table 14. North America Medical Tourism Market by Consumer Group, 2022-2032, $ mn 76
Table 15. North America Medical Tourism Market by Tour Type, 2022-2032, $ mn 81
Table 16. North America Medical Tourism Market by Country, 2022-2032, $ mn 87
Table 17. U.S. Medical Tourism Market by Specialty Type, 2022-2032, $ mn 91
Table 18. U.S. Medical Tourism Market by Consumer Group, 2022-2032, $ mn 91
Table 19. U.S. Medical Tourism Market by Tour Type, 2022-2032, $ mn 91
Table 20. Canada Medical Tourism Market by Specialty Type, 2022-2032, $ mn 93
Table 21. Canada Medical Tourism Market by Consumer Group, 2022-2032, $ mn 93
Table 22. Canada Medical Tourism Market by Tour Type, 2022-2032, $ mn 93
Table 23. Mexico Medical Tourism Market by Specialty Type, 2022-2032, $ mn 95
Table 24. Mexico Medical Tourism Market by Consumer Group, 2022-2032, $ mn 95
Table 25. Mexico Medical Tourism Market by Tour Type, 2022-2032, $ mn 95
Table 26. Aditya Birla Memorial Hospital: Company Snapshot 100
Table 27. Aditya Birla Memorial Hospital: Business Segmentation 101
Table 28. Aditya Birla Memorial Hospital: Product Portfolio 101
