UAE Medical Tourism Market is projected to grow from $xx Mn in 2023 to $xx Mn by 2030, registering a CAGR of xx% during the forecast period of 2023 - 2030. The market for Medical Tourism is expanding as a result of advanced medical technologies and comparatively lower costs of treatment in developing countries than in developed countries. Advancements in medical technology and high-quality treatment facilities are also driving the growth of the Medical Tourism market globally. Some of the key players in the medical tourism Market include Apollo Hospitals (India), Bumrungrad International Hospital (Thailand), Bangkok Hospital (Thailand), Fortis Healthcare (India), KPJ Healthcare Berhad (Malaysia), Asklepios Kliniken GmbH (UAE), Anadolu Medical Center (Turkey), Gleneagles Hospital (Singapore), Wooridul Spine Hospital (South Korea), Clemenceau Medical Center (Lebanon).
UAE Medical Tourism Market is valued at around $26.5 Bn in 2022 and is projected to reach $267.4 Bn by 2030, exhibiting a CAGR of 33.5% during the forecast period 2023-2030.
Medical Tourism Market refers to the market for traveling to another country for medical treatment or healthcare services. The main driver of the market's expansion is the high expense of healthcare in home countries. The sector is also being fueled by an increase in demand for services like gender reassignment surgery, reproductive therapy, dental reconstruction, and cosmetic surgery that are not covered by insurance.
According to Medical Tourism Association (MTA), around 14 Mn people globally travel every year for treatment of different medical conditions. Medical services like cosmetic surgery, dental treatment, knee replacement, hip replacement, and heart surgery are the most common services for which people prefer medical tourism.
Some of the major key players in global medical tourism include Apollo Hospitals (India), Bumrungrad International Hospital (Thailand), Bangkok Hospital (Thailand), Fortis Healthcare (India), KPJ Healthcare Berhad (Malaysia), Asklepios Kliniken GmbH (UAE), Anadolu Medical Center (Turkey), Gleneagles Hospital (Singapore), Wooridul Spine Hospital (South Korea), and Clemenceau Medical Center (Lebanon).
Investments in healthcare technologies and medical facilities are increasing in developing countries which has led to the growth of the market in medical tourism. Accessibility for traveling is increased and people are having higher disposable income which has led to increased travel for medical treatment. Increasing waiting times and higher costs of treatment in their own countries are also fueling the growth of the medical tourism market.
Lower cost of treatment, highly skilled healthcare professionals and improved quality of care, and advanced technology are projected to fuel the market in coming years. There are still many challenges like insurance coverage issues, regulatory challenges, and patient safety and quality concerns which may poise the growth of the market for medical tourism.
Drivers of UAE Medical Tourism Market:
Lower Cost of Treatment in Developing Countries: Both patients and healthcare providers are feeling the effects of the increase in healthcare costs in developed countries. Additionally, in many nations, government rules imposed on the healthcare system cause process delays. This has encouraged many to seek medical care abroad. A rise in the number of procedures is being attributed to a higher rate of inbound medical tourism to places like Thailand and India for speedy and inexpensive medical care. The key factor contributing to the market expansion is the lower cost of modern operations.
Skilled Healthcare Professionals: Developing countries are known for their skilled and highly talented healthcare professionals and patient outcomes are also satisfactory, leading to a growth of the medical tourism market.
Quality of Care and Advanced Technology: Countries providing medical tourism services have invested in highly advanced medical technology, healthcare infrastructure, and highly skilled medical professionals providing top-notch quality care services. All these factors are driving the market for medical tourism.
Accessibility and Reduced Waiting Time: Some nations, especially those with public healthcare systems, have lengthy waiting lists for medical treatments, which pushes people to seek prompt treatment abroad. By lowering waiting times and enabling patients to undertake procedures without delay, medical tourism gives patients the chance to get healthcare services more quickly.
Restraints of UAE Community Oncology Service Market:
Regulatory Challenges: Medical tourism can get complicated due to variations in legal and regulatory systems between nations. Both patients and healthcare professionals must navigate different laws, rules, licensing criteria, and legal considerations. Regulations that are not standardized and unified might stifle market expansion and make it difficult for patients to find trustworthy treatment abroad.
Patient Safety and Quality Concerns: Medical tourism can make it difficult to ensure patient safety and sustain quality standards across various healthcare systems. Concerns regarding the training, experience, and credentials of healthcare professionals in other nations may arise among patients. To reduce these hazards, it is essential for patients to do extensive research and select accredited hospitals or clinics.
Key players
Dubai Healthcare City Apollo Hospitals Enterprise Ltd. Fortis Healthcare Limited Bumrungrad International Hospital Bangkok Hospital Medical Center Wooridul Spine Hospital Anadolu Medical Center Clemenceau Medical Center Prince Court Medical Centre American Hospital Dubai1. Executive Summary
1.1 Service Overview
1.2 Global Scenario
1.3 Country Overview
1.4 Healthcare Scenario in Country
1.5 Healthcare Services Market in Country
1.6 Recent Developments in the Country
2. Market Size and Forecasting
2.1 Market Size (With Excel and Methodology)
2.2 Market Segmentation (Check all Segments in Segmentation Section)
3. Market Dynamics
3.1 Market Drivers
3.2 Market Restraints
4. Competitive Landscape
4.1 Major Market Share
4.2 Key Company Profile (Check all Companies in the Summary Section)
4.2.1 Company
4.2.1.1 Overview
4.2.1.2 Product Applications and Services
4.2.1.3 Recent Developments
4.2.1.4 Partnerships Ecosystem
4.2.1.5 Financials (Based on Availability)
5. Reimbursement Scenario
5.1 Reimbursement Regulation
5.2 Reimbursement Process for Services
5.3 Reimbursement Process for Treatment
6. Methodology and Scope
By Treatment Type:
Cardiovascular treatment
Orthopedic treatment
Cosmetic treatment
Bariatric treatment
Dental treatment
Ophthalmology treatment
Infertility treatment
Alternative medicine
Others
By Service Provider:
Methodology for Database Creation
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How Do We Get It?
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1. Secondary Research
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2. Primary Research
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Combining Secondary and Primary Research
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