According to Transparency Market Research’s latest report on the global medical tourism market for the historical period 2017–2018 and forecast period 2019–2027, Low cost medical treatment, Availability of latest medical technologies & wider treatment options are projected to drive the global medical tourism market. According to the report, the global medical tourism market was valued at US$ 61.3 Bn in 2018 and is projected to expand at a CAGR of 10.5% from 2019 to 2027
Availability of latest medical technologies & wider treatment options, rise in compliance to international quality standards: Key Drivers of Global Medical Tourism Market
Hospitals & specialty clinics in some of the countries are backed by sophisticated research infrastructure and doctors are supported by more registered nurses than other developed countries facility. Also lack of technological advancements at home countries have compelled patients to travel abroad for treatments
Patient care is the core focus of the international accreditation standard hospital facility, and a protocol for the continuity of care, with appropriate measures in place for the discharge, referral, follow-up, and transfer of patients are provided in these facilities improving the patient experience
Educated professional from developed western countries, planned hospitals/clinics, procedure accreditation with other aspect of medical tourism sector improvise quality and thus patient prefer such type of center for treatment at half the price . There is also rise in hospitals and clinics which are accredited by JCI. Turkey has 42 JCI accredited hospitals, Saudi Arabia has 39, the UAE has 38, and India has 13
Request Brochure of Report https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=900 Health Insurance Portability Propel Global Medical Tourism Market Growth
In the era of mobility, an increasing number of people are moving across countries for various reasons and one among them is for medical treatment, thereby raising the requirement for insurance portability. Europe countries insurance rules provide portability within the European Union
Globalization of insurance also benefits the provider as insurer could contact with service providers including foreign hospitals and doctors, with far lower prices, in their provider networks creating a win-win situation for both the provider and the patient.
Follow Up Care and Post Procedure to Hamper Global Medical Tourism Market Growth
Most of the patients suffer post procedure complications or side effects. Post-treatment care then becomes the responsibility of the medical care system in the patient’s home country or the patient has to travel back overseas if the physician at home is unwilling to provide the necessary care.