North America Medical Tourism Market by Treatment Type (Cardiovascular Treatment, Orthopedic Treatment, Neurological Treatment, Cancer Treatment, Fertility Treatment, and Others): Opportunity Analysis and Industry Forecast, 2017 - 2023
North America Medical Tourism Market Overview:
Medical tourism can be defined as an organized travel across international borders with the purpose of availing medical treatment of some form, which may or may not be available in the travelers’ home country. The North America medical tourism market accounted for $20,279 million in 2016, and is estimated to reach $52,786 million by 2023, registering a CAGR of 14.4% from 2017 to 2023.
Medical tourists travel abroad for the maintenance, enhancement, or restoration of their health through affordable healthcare facilities & treatments available in other countries, which are comparatively expensive in their own country. It is also linked with leisure and business travel. Therefore, there are several definitions of medical tourism in the market. Some of them include cosmetic, dental, wellness, and spa services. However, for the purpose of this report, wellness, spa, cosmetic, and dental treatment are excluded from the scope of this study.
Geographical convenience of Mexico for Mexico-bound health travelers who reside in South, North & Central America, and the Caribbean drive the market. In addition, recent Joint Commission International (JCI) accreditations in Mexico, government involvement for the growth of medical tourism in Mexico, lower costs in Mexico, and technological advancements in healthcare facilities in North America further augment market growth. However, difficulties associated with travel, language barriers, documentation, and VISA approval issues, and lack of medical training and non-acceptance of healthcare insurances in Mexico restrict the market growth. Furthermore, rise in geriatric population due to baby boomers in North America, and increase in R&D activities in the field of healthcare provide lucrative opportunities to the market players.
The North America medical tourism market is segmented based treatment type and country. By treatment type, the market is divided into cardiovascular treatment, orthopedic treatment, neurological treatment, cancer treatment, fertility treatment, and other treatments. By country, the market is analyzed across U.S., Canada, and Mexico.
Key Benefits For North America Medical Tourism Market:
Medical tourism can be defined as an organized travel across international borders with the purpose of availing medical treatment of some form, which may or may not be available in the travelers’ home country. The North America medical tourism market accounted for $20,279 million in 2016, and is estimated to reach $52,786 million by 2023, registering a CAGR of 14.4% from 2017 to 2023.
Medical tourists travel abroad for the maintenance, enhancement, or restoration of their health through affordable healthcare facilities & treatments available in other countries, which are comparatively expensive in their own country. It is also linked with leisure and business travel. Therefore, there are several definitions of medical tourism in the market. Some of them include cosmetic, dental, wellness, and spa services. However, for the purpose of this report, wellness, spa, cosmetic, and dental treatment are excluded from the scope of this study.
Geographical convenience of Mexico for Mexico-bound health travelers who reside in South, North & Central America, and the Caribbean drive the market. In addition, recent Joint Commission International (JCI) accreditations in Mexico, government involvement for the growth of medical tourism in Mexico, lower costs in Mexico, and technological advancements in healthcare facilities in North America further augment market growth. However, difficulties associated with travel, language barriers, documentation, and VISA approval issues, and lack of medical training and non-acceptance of healthcare insurances in Mexico restrict the market growth. Furthermore, rise in geriatric population due to baby boomers in North America, and increase in R&D activities in the field of healthcare provide lucrative opportunities to the market players.
The North America medical tourism market is segmented based treatment type and country. By treatment type, the market is divided into cardiovascular treatment, orthopedic treatment, neurological treatment, cancer treatment, fertility treatment, and other treatments. By country, the market is analyzed across U.S., Canada, and Mexico.
Key Benefits For North America Medical Tourism Market:
- The study provides an in-depth analysis of the market along with current trends and future estimations to elucidate the imminent investment pockets.
- The report provides a quantitative analysis for the period of 2016–2023 to enable stakeholders to capitalize on the prevailing market opportunities.
- Extensive analysis of the market based on treatment type helps to understand the popular treatments for medical tourism.
- By Treatment Type
- Cardiovascular Treatment
- Orthopedic Treatment
- Neurological Treatment
- Cancer Treatment
- Fertility Treatment
- Others
- By Country
- U.S.
- Canada
- Mexico
- Angeles en Lнnea
- Centro Mйdico ABC
- Galenia Hospital
- Hospital San Josй
- Mйdica Sur
- SA de CV
- Star Mйdica
CHAPTER 1: INTRODUCTION
1.1. Report Description
1.2. Key Benefits
1.3. Key Market Segments
1.4. Research Methodology
1.4.1. Secondary research
1.4.2. Primary research
1.4.3. Analyst tools and models
CHAPTER 2: EXECUTIVE SUMMARY
2.1. CXO Perspective
CHAPTER 3: MARKET OVERVIEW
3.1. Market definition and scope
3.2. Key findings
3.2.1. Top investment pockets
3.2.2. Mexico in the global medical tourism market
3.3. Reimbursement scenario
3.4. Market dynamics
3.4.1. Drivers
3.4.1.1. Geographical convenience of Mexico
3.4.1.2. Recent Joint Commission International accreditations in Mexico
3.4.1.3. Government involvement in Mexico
3.4.1.4. Lower costs in Mexico
3.4.1.5. Technological advancements in healthcare
3.4.2. Restraints
3.4.2.1. Difficulties associated with travel, language barriers, documentation, and VISA approval issues
3.4.2.2. Lack of medical training and nonacceptance of healthcare insurances in Mexico
3.4.3. Opportunities
3.4.3.1. Rise in geriatric population due to baby boomers
3.4.3.2. Increase in R&D activities in the field of healthcare
3.4.4. Impact analyses
CHAPTER 4: NORTH AMERICA MEDICAL TOURISM MARKET, BY COUNTRY
4.1. Overview
4.1.1. Key market trends, growth factors and opportunities
4.1.2. Market size and forecast
4.1.3. Market volume and forecast
4.2. U.S.
4.2.1. Market size and forecast
4.2.2. Market volume and forecast
4.3. Canada
4.3.1. Market size and forecast
4.3.2. Market volume and forecast
4.4. Mexico
4.4.1. Market size and forecast
4.4.2. Market volume and forecast
CHAPTER 5: NORTH AMERICA MEDICAL TOURISM MARKET, BY TREATMENT TYPE
5.1. Overview
5.1.1. Market size and forecast
5.1.2. Market volume and forecast
5.2. Cardiovascular Treatment
5.2.1. Key market trends, growth factors and opportunities
5.2.2. Market size and forecast
5.2.3. Market volume and forecast
5.3. Orthopedic Treatment
5.3.1. Key market trends, growth factors and opportunities
5.3.2. Market size and forecast
5.3.3. Market volume and forecast
5.4. Neurological Treatment
5.4.1. Key market trends, growth factors and opportunities
5.4.2. Market size and forecast
5.4.3. Market volume and forecast
5.5. Cancer Treatment
5.5.1. Key market trends, growth factors and opportunities
5.5.2. Market size and forecast
5.5.3. Market volume and forecast
5.6. Fertility Treatment
5.6.1. Key market trends, growth factors and opportunities
5.6.2. Market size and forecast
5.6.3. Market volume and forecast
5.7. Other General Treatments
5.7.1. Key market trends, growth factors and opportunities
5.7.2. Market size and forecast
5.7.3. Market volume and forecast
CHAPTER 6: COMPANY PROFILES
6.1. Galenia Hospital
6.1.1. Company overview
6.1.2. Company snapshot
6.1.3. Product Portfolio
6.2. Centro Mdico ABC
6.2.1. Company overview
6.2.2. Company snapshot
6.2.3. Product Portfolio
6.3. Mdica Sur
6.3.1. Company overview
6.3.2. Company snapshot
6.3.3. Product Portfolio
6.4. Star Mdica
6.4.1. Company overview
6.4.2. Company snapshot
6.4.3. Product portfolio
6.5. Angeles en Lnea, SA de CV
6.5.1. Company overview
6.5.2. Company snapshot
6.5.3. Product portfolio
6.6. Hospital San Jos.
6.6.1. Company overview
6.6.2. Company snapshot
6.6.3. Product Portfolio
1.1. Report Description
1.2. Key Benefits
1.3. Key Market Segments
1.4. Research Methodology
1.4.1. Secondary research
1.4.2. Primary research
1.4.3. Analyst tools and models
CHAPTER 2: EXECUTIVE SUMMARY
2.1. CXO Perspective
CHAPTER 3: MARKET OVERVIEW
3.1. Market definition and scope
3.2. Key findings
3.2.1. Top investment pockets
3.2.2. Mexico in the global medical tourism market
3.3. Reimbursement scenario
3.4. Market dynamics
3.4.1. Drivers
3.4.1.1. Geographical convenience of Mexico
3.4.1.2. Recent Joint Commission International accreditations in Mexico
3.4.1.3. Government involvement in Mexico
3.4.1.4. Lower costs in Mexico
3.4.1.5. Technological advancements in healthcare
3.4.2. Restraints
3.4.2.1. Difficulties associated with travel, language barriers, documentation, and VISA approval issues
3.4.2.2. Lack of medical training and nonacceptance of healthcare insurances in Mexico
3.4.3. Opportunities
3.4.3.1. Rise in geriatric population due to baby boomers
3.4.3.2. Increase in R&D activities in the field of healthcare
3.4.4. Impact analyses
CHAPTER 4: NORTH AMERICA MEDICAL TOURISM MARKET, BY COUNTRY
4.1. Overview
4.1.1. Key market trends, growth factors and opportunities
4.1.2. Market size and forecast
4.1.3. Market volume and forecast
4.2. U.S.
4.2.1. Market size and forecast
4.2.2. Market volume and forecast
4.3. Canada
4.3.1. Market size and forecast
4.3.2. Market volume and forecast
4.4. Mexico
4.4.1. Market size and forecast
4.4.2. Market volume and forecast
CHAPTER 5: NORTH AMERICA MEDICAL TOURISM MARKET, BY TREATMENT TYPE
5.1. Overview
5.1.1. Market size and forecast
5.1.2. Market volume and forecast
5.2. Cardiovascular Treatment
5.2.1. Key market trends, growth factors and opportunities
5.2.2. Market size and forecast
5.2.3. Market volume and forecast
5.3. Orthopedic Treatment
5.3.1. Key market trends, growth factors and opportunities
5.3.2. Market size and forecast
5.3.3. Market volume and forecast
5.4. Neurological Treatment
5.4.1. Key market trends, growth factors and opportunities
5.4.2. Market size and forecast
5.4.3. Market volume and forecast
5.5. Cancer Treatment
5.5.1. Key market trends, growth factors and opportunities
5.5.2. Market size and forecast
5.5.3. Market volume and forecast
5.6. Fertility Treatment
5.6.1. Key market trends, growth factors and opportunities
5.6.2. Market size and forecast
5.6.3. Market volume and forecast
5.7. Other General Treatments
5.7.1. Key market trends, growth factors and opportunities
5.7.2. Market size and forecast
5.7.3. Market volume and forecast
CHAPTER 6: COMPANY PROFILES
6.1. Galenia Hospital
6.1.1. Company overview
6.1.2. Company snapshot
6.1.3. Product Portfolio
6.2. Centro Mdico ABC
6.2.1. Company overview
6.2.2. Company snapshot
6.2.3. Product Portfolio
6.3. Mdica Sur
6.3.1. Company overview
6.3.2. Company snapshot
6.3.3. Product Portfolio
6.4. Star Mdica
6.4.1. Company overview
6.4.2. Company snapshot
6.4.3. Product portfolio
6.5. Angeles en Lnea, SA de CV
6.5.1. Company overview
6.5.2. Company snapshot
6.5.3. Product portfolio
6.6. Hospital San Jos.
6.6.1. Company overview
6.6.2. Company snapshot
6.6.3. Product Portfolio
LIST OF TABLES
TABLE 01. NORTH AMERICA MEDICAL TOURISM MARKET, BY COUNTRY, 20162023 ($MILLION)
TABLE 02. NORTH AMERICA MEDICAL TOURISM MARKET, BY COUNTRY, 20162023 (NUMBER OF VISITS IN THOUSANDS)
TABLE 03. U.S. MEDICAL TOURISM MARKET, BY TREATMENT TYPE, 20162023 ($MILLION)
TABLE 04. U.S. MEDICAL TOURISM MARKET, BY TREATMENT TYPE, 20162023 (NUMBER OF VISITS IN THOUSANDS)
TABLE 05. CANADA MEDICAL TOURISM MARKET, BY TREATMENT TYPE, 20162023 ($MILLION)
TABLE 06. CANADA MEDICAL TOURISM MARKET, BY TREATMENT TYPE, 20162023 (NUMBER OF VISITS IN THOUSANDS)
TABLE 07. MEXICO MEDICAL TOURISM MARKET, BY TREATMENT TYPE, 20162023 ($MILLION)
TABLE 08. MEXICO MEDICAL TOURISM MARKET, BY TREATMENT TYPE, 20162023 (NUMBER OF VISITS IN THOUSANDS)
TABLE 09. NORTH AMERICA MEDICAL TOURISM MARKET, BY TREATMENT TYPE, 20162023 ($MILLION)
TABLE 10. NORTH AMERICA MEDICAL TOURISM MARKET, BY TREATMENT TYPE, 20162023 (NUMBER OF VISITS IN THOUSANDS)
TABLE 11. NORTH AMERICA MEDICAL TOURISM MARKET FOR CARDIOVASCULAR TREATMENT, BY COUNTRY, 20162023 ($MILLION)
TABLE 12. NORTH AMERICA MEDICAL TOURISM MARKET FOR CARDIOVASCULAR TREATMENT, BY COUNTRY, 20162023 (NUMBER OF VISITS IN THOUSANDS)
TABLE 13. NORTH AMERICA MEDICAL TOURISM MARKET FOR ORTHOPEDIC TREATMENT, BY COUNTRY, 20162023 ($MILLION)
TABLE 14. NORTH AMERICA MEDICAL TOURISM MARKET FOR ORTHOPEDIC TREATMENT, BY COUNTRY, 20162023 (NUMBER OF VISITS IN THOUSANDS)
TABLE 15. NORTH AMERICA MEDICAL TOURISM MARKET FOR NEUROLOGICAL TREATMENT, BY COUNTRY, 20162023 ($MILLION)
TABLE 16. NORTH AMERICA MEDICAL TOURISM MARKET FOR NEUROLOGICAL TREATMENT, BY COUNTRY, 20162023 (NUMBER OF VISITS IN THOUSANDS)
TABLE 17. NORTH AMERICA MEDICAL TOURISM MARKET FOR CANCER TREATMENT, BY COUNTRY, 20162023 ($MILLION)
TABLE 18. NORTH AMERICA MEDICAL TOURISM MARKET FOR CANCER TREATMENT, BY COUNTRY, 20162023 (NUMBER OF VISITS IN THOUSANDS)
TABLE 19. NORTH AMERICA MEDICAL TOURISM MARKET FOR FERTILITY TREATMENT, BY COUNTRY, 20162023 ($MILLION)
TABLE 20. NORTH AMERICA MEDICAL TOURISM MARKET FOR FERTILITY TREATMENT, BY COUNTRY, 20162023 (NUMBER OF VISITS IN THOUSANDS)
TABLE 21. NORTH AMERICA MEDICAL TOURISM MARKET FOR OTHER GENERAL TREATMENT, BY COUNTRY, 20162023 ($MILLION)
TABLE 22. NORTH AMERICA MEDICAL TOURISM MARKET FOR OTHER GENERAL TREATMENTS, BY COUNTRY, 20162023 (NUMBER OF VISITS IN THOUSANDS)
TABLE 23. GALENIA HOSPITAL: COMPANY SNAPSHOT
TABLE 24. GALENIA HOSPITAL: PRODUCT PORTFOLIO
TABLE 25. CENTRO MDICO ABC: COMPANY SNAPSHOT
TABLE 26. CENTRO MDICO ABC: SERVICES PORTFOLIO
TABLE 27. MDICA SUR: COMPANY SNAPSHOT
TABLE 28. MDICA SUR: SERVICE PORTFOLIO
TABLE 29. STAR MDICA: COMPANY SNAPSHOT
TABLE 30. STAR MDICA: SERVICES PORTFOLIO
TABLE 31. ANGELES EN LNEA, SA DE CV: COMPANY SNAPSHOT
TABLE 32. ANGELES EN LNEA, SA DE CV: PRODUCT PORTFOLIO
TABLE 33. HOSPITAL SAN JOS.: COMPANY SNAPSHOT
TABLE 34. HOSPITAL SAN JOS.: SERVICES PORTFOLIO
TABLE 01. NORTH AMERICA MEDICAL TOURISM MARKET, BY COUNTRY, 20162023 ($MILLION)
TABLE 02. NORTH AMERICA MEDICAL TOURISM MARKET, BY COUNTRY, 20162023 (NUMBER OF VISITS IN THOUSANDS)
TABLE 03. U.S. MEDICAL TOURISM MARKET, BY TREATMENT TYPE, 20162023 ($MILLION)
TABLE 04. U.S. MEDICAL TOURISM MARKET, BY TREATMENT TYPE, 20162023 (NUMBER OF VISITS IN THOUSANDS)
TABLE 05. CANADA MEDICAL TOURISM MARKET, BY TREATMENT TYPE, 20162023 ($MILLION)
TABLE 06. CANADA MEDICAL TOURISM MARKET, BY TREATMENT TYPE, 20162023 (NUMBER OF VISITS IN THOUSANDS)
TABLE 07. MEXICO MEDICAL TOURISM MARKET, BY TREATMENT TYPE, 20162023 ($MILLION)
TABLE 08. MEXICO MEDICAL TOURISM MARKET, BY TREATMENT TYPE, 20162023 (NUMBER OF VISITS IN THOUSANDS)
TABLE 09. NORTH AMERICA MEDICAL TOURISM MARKET, BY TREATMENT TYPE, 20162023 ($MILLION)
TABLE 10. NORTH AMERICA MEDICAL TOURISM MARKET, BY TREATMENT TYPE, 20162023 (NUMBER OF VISITS IN THOUSANDS)
TABLE 11. NORTH AMERICA MEDICAL TOURISM MARKET FOR CARDIOVASCULAR TREATMENT, BY COUNTRY, 20162023 ($MILLION)
TABLE 12. NORTH AMERICA MEDICAL TOURISM MARKET FOR CARDIOVASCULAR TREATMENT, BY COUNTRY, 20162023 (NUMBER OF VISITS IN THOUSANDS)
TABLE 13. NORTH AMERICA MEDICAL TOURISM MARKET FOR ORTHOPEDIC TREATMENT, BY COUNTRY, 20162023 ($MILLION)
TABLE 14. NORTH AMERICA MEDICAL TOURISM MARKET FOR ORTHOPEDIC TREATMENT, BY COUNTRY, 20162023 (NUMBER OF VISITS IN THOUSANDS)
TABLE 15. NORTH AMERICA MEDICAL TOURISM MARKET FOR NEUROLOGICAL TREATMENT, BY COUNTRY, 20162023 ($MILLION)
TABLE 16. NORTH AMERICA MEDICAL TOURISM MARKET FOR NEUROLOGICAL TREATMENT, BY COUNTRY, 20162023 (NUMBER OF VISITS IN THOUSANDS)
TABLE 17. NORTH AMERICA MEDICAL TOURISM MARKET FOR CANCER TREATMENT, BY COUNTRY, 20162023 ($MILLION)
TABLE 18. NORTH AMERICA MEDICAL TOURISM MARKET FOR CANCER TREATMENT, BY COUNTRY, 20162023 (NUMBER OF VISITS IN THOUSANDS)
TABLE 19. NORTH AMERICA MEDICAL TOURISM MARKET FOR FERTILITY TREATMENT, BY COUNTRY, 20162023 ($MILLION)
TABLE 20. NORTH AMERICA MEDICAL TOURISM MARKET FOR FERTILITY TREATMENT, BY COUNTRY, 20162023 (NUMBER OF VISITS IN THOUSANDS)
TABLE 21. NORTH AMERICA MEDICAL TOURISM MARKET FOR OTHER GENERAL TREATMENT, BY COUNTRY, 20162023 ($MILLION)
TABLE 22. NORTH AMERICA MEDICAL TOURISM MARKET FOR OTHER GENERAL TREATMENTS, BY COUNTRY, 20162023 (NUMBER OF VISITS IN THOUSANDS)
TABLE 23. GALENIA HOSPITAL: COMPANY SNAPSHOT
TABLE 24. GALENIA HOSPITAL: PRODUCT PORTFOLIO
TABLE 25. CENTRO MDICO ABC: COMPANY SNAPSHOT
TABLE 26. CENTRO MDICO ABC: SERVICES PORTFOLIO
TABLE 27. MDICA SUR: COMPANY SNAPSHOT
TABLE 28. MDICA SUR: SERVICE PORTFOLIO
TABLE 29. STAR MDICA: COMPANY SNAPSHOT
TABLE 30. STAR MDICA: SERVICES PORTFOLIO
TABLE 31. ANGELES EN LNEA, SA DE CV: COMPANY SNAPSHOT
TABLE 32. ANGELES EN LNEA, SA DE CV: PRODUCT PORTFOLIO
TABLE 33. HOSPITAL SAN JOS.: COMPANY SNAPSHOT
TABLE 34. HOSPITAL SAN JOS.: SERVICES PORTFOLIO
LIST OF FIGURES
FIGURE 01. NORTH AMERICA MEDICAL TOURISM MARKET SEGMENTATION
FIGURE 02. TOP INVESTMENT POCKETS, BY TREATMENT TYPE
FIGURE 03. MEXICO REVENUE SHARE IN THE GLOBAL MEDICAL TOURISM MARKET (%), 2016
FIGURE 04. MEXICO VOLUME SHARE IN THE GLOBAL MEDICAL TOURISM MARKET (%), 2016
FIGURE 05. IMPACT ANALYSES
FIGURE 06. NORTH AMERICA MEDICAL TOURISM MARKET, BY TREATMENT TYPE
FIGURE 01. NORTH AMERICA MEDICAL TOURISM MARKET SEGMENTATION
FIGURE 02. TOP INVESTMENT POCKETS, BY TREATMENT TYPE
FIGURE 03. MEXICO REVENUE SHARE IN THE GLOBAL MEDICAL TOURISM MARKET (%), 2016
FIGURE 04. MEXICO VOLUME SHARE IN THE GLOBAL MEDICAL TOURISM MARKET (%), 2016
FIGURE 05. IMPACT ANALYSES
FIGURE 06. NORTH AMERICA MEDICAL TOURISM MARKET, BY TREATMENT TYPE
