According to the report North America Medical Tourism Market, published by Market Data Forecast, the global market is projected to reach USD 11.85 billion by 2021, at a CAGR of 19.2% from 2016 to 2021.



Medical Tourism refers to people who travel to different places for the medical treatment at an affordable cost that they receive at home which may or may not be available in the travellers’ home country. Medicinal tourism is the most developing business today. This treatment may include a wide array of medical services; however, the most frequently availed services include dental care, cosmetic surgery, elective surgery, and fertility treatment.



The motives for making the travel could be one or more among the following major factors like High cost or affordability of medical services including the one the customer needs to avail. Non-availability or low quality of the necessary treatment due to lack of healthcare infrastructure or skilled service providers. Less waiting time for the available treatment such as organ transplant.



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North America Medical Tourism Market: Drivers & Restraints

Long waiting time’s circumstances for medical procedures, high treatment costs, advancements in technology, and development of market are the major factors boosting the growth of the market. Stringent documentation forms, issues related with visa endorsement, and limited protection scope are the restraining the growth of the market. Developing countries with evolving innovation and technology is fueling the market.



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North America Medical Tourism Market: Segmentation

By Type                                             

Introduction                          
Orthopedic                           
Neurological                          
Cardiovascular                     
Fertility                    
Cancer Treatment                
Y-o-Y Growth Analysis, By Type                   
Market Attractiveness Analysis, By Type                 
Market Share Analysis, By Type 


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North America Medical Tourism Market: Overview

As developing countries are progressively heading toward technological advancements and quality administrations in the medical and healthcare area, the North America medical tourism market is foreseen to witness powerful development during the forecast period. Developing healthcare services by different private and government sectors are likewise expected to further support the market development.



India is known for its specialization in cardiac surgeries while Singapore specializes in complex surgical procedures. Malaysia has been gaining popularity due to the availability of modern healthcare infrastructure and the presence of highly skilled medical professionals. Government support and cost-effective treatments are likely to make Malaysia the leading destination for medical treatment by the end of the forecast period. In 2016, 671,000 patients were treated in the country, which is expected to grow to 2 million by 2021.



North America Medical Tourism Market: Region-wise Outlook

On the basis of geography, the North America market is analyzed under various regions namely U.S and Canada. North America is anticipated to be the fastest developing regional North America, has the highest market share for Medical Tourism and will hold its position over the forecast period. The USA leads the market in this region with a share of almost 65% in North America.

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