The provided market analysis and size report focuses on the Europe health tourism market, which encompasses various aspects of the industry. Here are some key insights from the report:
Market Growth:
The Europe health tourism market is expected to reach a value of USD 189.68 billion by 2029, with a remarkable Compound Annual Growth Rate (CAGR) of 34.4% during the forecast period, highlighting the significant growth potential in this sector.
Market Segmentation:
The market is segmented based on several factors, including service, type of treatment, age group, and service provider. These segments provide a deeper understanding of the industry dynamics.
Service Segmentation:
The market is categorized into services such as transport, accommodation, hospitality, and others. Transport is identified as the largest service segment in the health tourism market.
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Type of Treatment:
Various treatment types are covered, including cosmetic treatment, dental treatment, cardiovascular treatment, orthopedic treatment, bariatric treatment, fertility treatment, cancer treatment, ophthalmic treatment, neurological treatment, and others.
Age Group:
Patients are categorized into age groups, including senior citizens, minors, and adults, based on their medical tourism needs.
Service Provider:
The market considers service providers as either private or public, indicating the choice of healthcare facilities for medical tourists.
Market Dynamics:
The report provides insights into the drivers and challenges influencing the Europe health tourism market:
Drivers:
Rise in globalization trend, enabling patients to access high-quality healthcare treatments at lower costs across international borders.
Increasing demand for online medical agencies (OMA) and digitalization of healthcare services.
Long waiting lists in developed countries prompt patients to seek timely and cost-effective treatment abroad.
Challenges:
Complications in the transfer of medical records and data.
Delays and complexities in visa management for medical tourists.
Impact of traveling restrictions due to global events, such as the COVID-19 pandemic.
Post-COVID-19 Impact:
The COVID-19 pandemic significantly affected the health tourism market. Travel restrictions, lockdowns, and economic challenges led to a temporary halt in medical tourism operations. The report highlights the adverse impact of the pandemic on the industry.
Recent Developments:
Notable developments in the health tourism sector, such as awards and recognitions received by companies like Apollo Hospitals Enterprise Ltd. and initiatives like COVID testing centers by UZ LEUVEN, are mentioned to showcase industry advancements.
Regional Analysis:
The report covers several European countries, including Germany, France, the U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Austria, Luxemburg, and the rest of Europe. It discusses the dominant role of the U.K. in the Europe health tourism market, driven by increasing awareness of healthcare services.
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TABLE OF CONTENTS:
- Part 01: Executive Summary
- Part 02: Scope of the Report
- Part 03: Research Methodology
- Part 04: Market Landscape
- Part 05: Pipeline Analysis
- Part 06: Market Sizing
- Part 07: Five Forces Analysis
- Part 08: Market Segmentation
- Part 09: Customer Landscape
- Part 10: Regional Landscape
Competitive Landscape:
Major players in the health tourism market are identified, along with details about their company profiles, financials, market potential, research and development activities, and more. Key players include UZ LEUVEN, AMTA Health, Apollo Hospitals Enterprise Ltd., Samitivej PCL, and others.
Overall, this report offers valuable insights into the Europe health tourism market, its growth drivers, challenges, and recent developments. It provides a comprehensive view of the industry, helping stakeholders make informed decisions in this rapidly evolving sector.
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