The report states that the global medical tourism market was valued at US$10.5 billion in 2012, and is expected to reach US$32.5 billion in 2019, growing at a CAGR of 17.9% from 2013 to 2019.
The medical tourism market has been growing at a fast pace due to increasing aging population, adoption of newer technologies to treat various medical products, and better exchange rates in the economy as a whole. As the geriatric population will rise in the coming years it will propel the medical tourism market, pushing the healthcare industry to make pricing of the treatments more competitive. The possibility of economic crisis in developed nations which has led to decrease in disposable incomes has also added to the growth of medical tourism market. Better pricing for cosmetic surgeries and shorter waiting period for treatment is also likely to accelerate the growth of global medical tourism market.
TMR is a U.S. based market intelligence company driven by a global team of high-pedigree industry consultants, analysts, and researchers. TMR leverages its worldwide Syndicated Research, Custom Research, and Market Consulting expertise to help businesses make accurate decisions.
source: http://www.indusbusinessjournal.com / IndUS Business Journal / Home> Articles-Archives / March 2014 / posted 12-1-2014
