COVID-19 Impact: What Challenges Medical Tourism Market May See In Next 5 Years?

The COVID-19 crisis has affected the global medical tourism market in a negative way. The governments are taking initiatives to help patients seek healthcare treatment and the market is likely to recover by Q1/Q2 of 2022.

The COVID-19 pandemic has hugely impacted the global medical tourism market and a slight downfall is witnessed in the growth rate as compared to the former predictions. As per new Research Dive published report, the global medical tourism market is anticipated to rise at a CAGR of 11.7% by 2026, generating a revenue of $142.2 billion in the period of forecast from 2019 to 2026. While there is a decrease in the growth rate due to the COVID-19 outbreak, the market is likely to recover by Q1/Q2 of 2022.

For More Detail Insights, Download FREE Sample at: https://www.researchdive.com/download-sample/248

Highlights of the Report

As per our analysts, the increasing interests amongst people coupled with technological advancements in healthcare treatment is a significant factor impelling the growth of global medical tourism market.

The projected market size for the medical tourism industry prior to COVID-19 chaos was $73.7 billion in 2020 and this number is expected to drop down to $44.2 billion post-coronavirus pandemic. The risk associated with travel after surgery, language barrier, and quality of staff members will hinder the market growth in the coming years.

Conversely, the rising interests of people towards better quality healthcare coupled with advanced technology and low cost will propel the demand for medical tourism during the forecast period.

Sustaining in the Pandemic Situation

A number of countries all over the world are inviting well known medical specialists Cleveland Clinic, Mayo Clinic, and Harvard Medical International by investing more to develop medical tourism facilities.

Furthermore, other countries are adopting diverse strategies in order to fuel the growth of medical tourism market. For instance, India launched visa facilities for foreigners namely, ‘M-visa,’ to allow foreigners to enter the country for healthcare treatment.

In addition, the doctors in Singapore are treating people to maximum of three diverse locations, which is based on the guidelines of Ministry of Health (MOH) to stop the spread of COVID-19 virus.

Connect with Our Analyst to Contextualize Our Insights for Your Business: https://www.researchdive.com/connect-to-analyst/248

The leading players of the medical tourism industry include Anadolu Medical Centre, Shouldice Hospital, Clemenceau Medical Centre, Prince Court Medical Centre, Gleneagles Global Hospitals Group, and Bangkok Hospital.

Global Industry to Witness Significant Growth Post-Coronavirus Chaos

Research Dive states that the global medical tourism market is projected to witness considerable growth post-COVID-19 pandemic. There are various benefits associated with medical travel such as availability of better-quality medical treatment, accessibility of medication, and low costs, which will surge the demand for medical tourism during the forecast period.

Moreover, various countries such as Thailand, India, and Singapore are gaining importance due to availability of low-cost healthcare treatment, which is predicted to propel the market growth after COVID-19 pandemic.

Contact Us:

Mr. Abhishek Paliwal
Research Dive
30 Wall St. 8th Floor, New York
NY 10005 (P)
+ 91 (788) 802-9103 (India)
Toll Free : +1 -888-961-4454
Email: support@researchdive.com
LinkedIn: https://www.linkedin.com/company/research-dive
Twitter: https://twitter.com/ResearchDive
Facebook: https://www.facebook.com/Research-Dive
Blog: https://www.researchdive.com/blog
Follow us on: https://covid-19-market-insights.blogspot.com

How COVID-19 Pandemic Will Impact on Organ Care System Market For Lungs Growth in 2020 and Coming Future?

The spread of the COVID-19 pandemic has brought a positive impact on the global organ care system for the lungs industry. Lung transplantation is still witnessing newer heights in the global market. Key players are highlighting mainly on the newer and innovative business strategies to strengthen the footprint in the market during and post-pandemic period. The recently published research report by Research Dive reflects on the influence of COVID-19 pandemic on the present and forthcoming growth of the global organ care system for lungs industry. This is professional and all-inclusive research articulated by specialists by evaluating the major growth driving factors, important regional market situations, future opportunities and scope, and trends & developments in the market during the COVID-19 outbreak. Download FREE Sample at: https://www.researchdive.com/download-sample/341 Highlights of the Report: The market is anticipated to perceive growth owing to the mounting demand for

Why Dynamics of Laboratory Temperature Control Units Market Is Changing Drastically? What If History Is Any Guide?

The worldwide spread of COVID-19 has positively impacted the global laboratory temperature control units market. This is mainly because various market players are taking initiatives to such as new innovations and novel technologies to fight the challenges created by COVID-19 outbreak. Furthermore, the global market is expected to observe substantial growth even after the pandemic owing to increasing adoption of laboratory temperature control units in the various industries such as pharmaceuticals, food & beverages, and cosmetics. The global laboratory temperature control units market is likely to experience an increase in the growth rate during the COVID-19 pandemic. As per a new report added by Research Dive, the global laboratory temperature control units market is anticipated to reach up to $833.83 million during the forecast period from 2019 to 2026. Comprehensive analysis on drivers, challenges, growth opportunities, major segments, and key strategies executed by major ma

Why Dynamics of Organ Care System Market for Liver Is Changing Drastically? What If History Is Any Guide?

The COVID-19 outbreak has helped the global organ care system market to grow at a positive rate. The manufactures of the industry are investing more in R&D activities to grow exponentially during the forecast period. The COVID-19 pandemic has positively impacted the global Organ care system (OCS) for liver market and a slight increase in the growth rate is observed from the previous predictions. As per new Research Dive published report, the global OCS for liver market is anticipated to grow at a CAGR of 9.3% by 2026, generating a revenue of $42.7 million in the period of forecast from 2019 to 2026. To better understand the pandemic effect on the global market, the report includes comprehensive analysis on growth opportunities, restraints, drivers, vital segments, and strategies adopted by major market players. For More Detail Insights, Download FREE Sample at: https://www.researchdive.com/download-sample/253 Highlights of the Report As per our analysts, the rising cases of en

MyTrade-Insights

Search This Blog