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PUBLISHER: Grand View Research | PRODUCT CODE: 1553955

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PUBLISHER: Grand View Research | PRODUCT CODE: 1553955

U.S. Medical Tourism Market Size, Share & Trends Analysis Report By Type (Inbound Medical Tourism, Outbound Medical Tourism), And Segment Forecasts, 2024 - 2030

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U.S. Medical Tourism Market Growth & Trends:

The U.S. medical tourism market size is anticipated to reach USD 18.21 billion by 2030 and is anticipated to expand at a CAGR of 13.02% from 2024 to 2030, according to a new report by Grand View Research, Inc. The market has experienced significant growth in recent times, driven by the increasing presence of internationally accredited hospitals and the reputation for providing cutting-edge medical treatments.

The growing emphasis on personalized and patient-centric care in U.S. healthcare facilities is significantly driving the medical tourism industry in the country. Hospitals and clinics increasingly focus on tailored treatments to individual patient needs, providing personalized care plans, and enhancing the overall patient experience. This high-quality, patient-centered care is expected to witness high demand from international patients seeking an advanced and customized approach to their health.

Moreover, American patients are increasingly traveling to international destinations for various medical procedures, including elective surgeries, dental care, and cosmetic treatments. International medical providers are responding to this demand by offering comprehensive healthcare packages that include medical treatments, travel arrangements, accommodation, and concierge services. These all-inclusive packages simplify the patient process, making it easier to manage their medical journey and ensuring a smooth and supportive experience.

U.S. Medical Tourism Market Report Highlights:

  • The inbound medical tourism segment dominated the market with a revenue share of 50.63% in 2023 and is expected to grow at the fastest CAGR over the forecast period. The segment's growth is attributed to the presence of accredited hospitals and specialized centers ensuring high-quality, reliable healthcare that appeals to patients seeking top-tier medical services..
  • The outbound medical tourism segment is expected to witness significant growth over the forecast period. This is attributed to the rising healthcare costs in the U.S. & demand for affordable & accessible medical treatments with low waiting times.
Product Code: GVR-4-68038-096-5

Table of Contents

Chapter 1. Methodology and Scope

  • 1.1. Market Segmentation & Scope
  • 1.2. Market Definitions
    • 1.2.1. Type
  • 1.3. Estimates and Forecast Timeline
  • 1.4. Research Methodology
  • 1.5. Information Procurement
    • 1.5.1. Purchased Database
    • 1.5.2. GVR's Internal Database
    • 1.5.3. Secondary Sources & Third-Party Perspectives
    • 1.5.4. Primary Research
  • 1.6. Information Analysis
    • 1.6.1. Data Analysis Models
  • 1.7. Market Formulation & Data Visualization
  • 1.8. Model Details
    • 1.8.1. Volume Price Analysis
  • 1.9. List of Secondary Sources
  • 1.10. Objectives

Chapter 2. Executive Summary

  • 2.1. Market Snapshot
  • 2.2. Segment Snapshot
  • 2.3. Competitive Landscape Snapshot

Chapter 3. U.S. Inbound Medical Tourism: Market Variables, Trends, & Scope

  • 3.1. Market Lineage Outlook
    • 3.1.1. Parent Market Outlook
    • 3.1.2. Related/Ancillary Market Outlook
  • 3.2. Market Trends and Outlook
  • 3.3. Market Dynamics
    • 3.3.1. Market Driver Analysis
      • 3.3.1.1. Presence of international accreditation hospitals
      • 3.3.1.2. Internationally trained physicians
    • 3.3.2. Market Restraint Analysis
      • 3.3.2.1. High cost of procedures
      • 3.3.2.2. Follow-Up Problems
    • 3.3.3. Industry Opportunity Analyss
    • 3.3.4. Industry Challenges Analysis
  • 3.4. Business Environment Analysis
    • 3.4.1. Industry Analysis - Porter's Five Forces Analysis
      • 3.4.1.1. Supplier power
      • 3.4.1.2. Buyer power
      • 3.4.1.3. Substitution threat
      • 3.4.1.4. Threat of new entrant
      • 3.4.1.5. Competitive rivalry
    • 3.4.2. PESTEL Analysis

Chapter 4. U.S. Inbound Medical Tourism Market Analysis

  • 4.1. U.S. Inbound Medical Tourism Market Estimates & Forecasts, 2018 to 2030 (USD Million)
  • 4.2. Inbound Treatments/Procedures Analysis, 2023 (Type of Procedures)
  • 4.3. Inbound Patient Analysis, 2023 (%) (Patient Origin)
  • 4.4. Inbound Patient Traffic Analysis, 2018 - 2030 (Number of Patients)
  • 4.5. Average Spend Per Patient, 2023
  • 4.6. Regulatory & Reimbursement Scenario

Chapter 5. U.S. Inbound Medical Tourism Market: Competitive Landscape

  • 5.1. Company Categorization
  • 5.2. Company Market Position Analysis
  • 5.3. Strategy Mapping
  • 5.4. List of Few Hospitals in the U.S.
  • 5.5. Company Profiles/Listing
    • 5.5.1. Cleveland Clinic
      • 5.5.1.1. Overview
      • 5.5.1.2. Financial Performance
      • 5.5.1.3. Service Benchmarking
      • 5.5.1.4. Strategic Initiatives
    • 5.5.2. Mayo Clinic
      • 5.5.2.1. Overview
      • 5.5.2.2. Financial Performance
      • 5.5.2.3. Service Benchmarking
      • 5.5.2.4. Strategic Initiatives
    • 5.5.3. The Johns Hopkins Hospital
      • 5.5.3.1. Overview
      • 5.5.3.2. Financial Performance
      • 5.5.3.3. Service Benchmarking
      • 5.5.3.4. Strategic Initiatives
    • 5.5.4. Cedars-Sinai
      • 5.5.4.1. Overview
      • 5.5.4.2. Financial Performance
      • 5.5.4.3. Service Benchmarking
      • 5.5.4.4. Strategic Initiatives
    • 5.5.5. Massachusetts General Hospital
      • 5.5.5.1. Overview
      • 5.5.5.2. Financial Performance
      • 5.5.5.3. Service Benchmarking
      • 5.5.5.4. Strategic Initiatives
    • 5.5.6. UCSF Health
      • 5.5.6.1. Overview
      • 5.5.6.2. Financial Performance
      • 5.5.6.3. Service Benchmarking
      • 5.5.6.4. Strategic Initiatives
    • 5.5.7. NewYork-Presbyterian Hospital
      • 5.5.7.1. Overview
      • 5.5.7.2. Financial Performance
      • 5.5.7.3. Service Benchmarking
      • 5.5.7.4. Strategic Initiatives
    • 5.5.8. Brigham and Women's Hospital
      • 5.5.8.1. Overview
      • 5.5.8.2. Financial Performance
      • 5.5.8.3. Service Benchmarking
      • 5.5.8.4. Strategic Initiatives
    • 5.5.9. Ronald Regan UCLA Medical Center
      • 5.5.9.1. Overview
      • 5.5.9.2. Financial Performance
      • 5.5.9.3. Service Benchmarking
      • 5.5.9.4. Strategic Initiatives
    • 5.5.10. Northwestern Memorial Hospital
      • 5.5.10.1. Overview
      • 5.5.10.2. Financial Performance
      • 5.5.10.3. Service Benchmarking
      • 5.5.10.4. Strategic Initiatives

Chapter 6. U.S. Outbound Medical Tourism: Market Variables, Trends, & Scope

  • 6.1. Market Lineage Outlook
    • 6.1.1. Parent Market Outlook
    • 6.1.2. Related/Ancillary Market Outlook
  • 6.2. Market Trends and Outlook
  • 6.3. Market Dynamics
    • 6.3.1. Market Driver Analysis
      • 6.3.1.1. High cost of medical treatments
      • 6.3.1.2. Longer waiting time
      • 6.3.1.3. Limited insurance coverage for some procedures
    • 6.3.2. Market Restraint Analysis
      • 6.3.2.1. Medical risks associated with medical tourism
      • 6.3.2.2. Follow-Up Problems
    • 6.3.3. Industry Opportunity Analyss
    • 6.3.4. Industry Challenges Analysis
  • 6.4. Business Environment Analysis
    • 6.4.1. Industry Analysis - Porter's Five Forces Analysis
      • 6.4.1.1. Supplier power
      • 6.4.1.2. Buyer power
      • 6.4.1.3. Substitution threat
      • 6.4.1.4. Threat of new entrant
      • 6.4.1.5. Competitive rivalry
    • 6.4.2. PESTEL Analysis

Chapter 7. U.S. Outbound Medical Tourism Market Analysis

  • 7.1. U.S. Outbound Medical Tourism Market Estimates & Forecasts, 2018 to 2030 (USD Million)
  • 7.2. Outbound Treatments/Procedures Analysis, 2023 (Type Of Procedures)
  • 7.3. Outbound Patient Traffic Analysis, 2023 (Number Of Patients)

Chapter 8. U.S. Outbound Medical Tourism Market: Insurance Coverage

  • 8.1. Medicare Coverage for Outbound Medical Tourism: Qualitative Analysis
    • 8.1.1. Medicare Coverage For Healthcare Services In Foreign Hospitals
    • 8.1.2. Services Covered By Medicare
    • 8.1.3. Services Not Covered By Medicare
    • 8.1.4. Medicare Supplement Insurance (MEDIGAP)
    • 8.1.5. Medicare Health Plans Other Than Original Medicare

Chapter 9. U.S. Outbound Medical Tourism Market: Strategic Framework

  • 9.1. Strategic Initiatives
  • 9.2. Partnerships & Collaborations Encouraging Outbound Medical Tourism
  • 9.3. Leading Non-U.S. Based International Hospitals Attracting U.S. Patients
Product Code: GVR-4-68038-096-5

List of Tables

  • Table 1 List of secondary sources
  • Table 2 List of abbreviations
  • Table 3 U.S. medical tourism market, by type 2018 - 2030 (USD Million)
  • Table 4 U.S. inbound patient traffic analysis, 2018 - 2030
  • Table 5 U.S. outbound patient traffic analysis, 2023

List of Figures

  • Fig 1. Market research process
  • Fig 2. Information procurement
  • Fig 3. Primary research pattern
  • Fig 4. Market research approaches
  • Fig 5. Value chain based sizing & forecasting
  • Fig 6. QFD modeling for market share assessment
  • Fig 7. Market formulation & validation
  • Fig 8. Market Snapshot
  • Fig 9. Segment Snapshot
  • Fig 10. Competitive Landscape
  • Fig 11. Market dynamics
  • Fig 12. Market driver relevance analysis (Current & future impact)
  • Fig 13. Market restraint relevance analysis (Current & future impact)
  • Fig 14. U.S. inbound medical tourism market, 2018 - 2030 (USD Million)
  • Fig 15. U.S. inbound treatments/procedures analysis, 2023 (Type of procedures)
  • Fig 16. U.S. inbound patient analysis, 2023 (%) (Patient origin)
  • Fig 17. Strategy framework
  • Fig 18. Company market position analysis
  • Fig 19. Company categorization
  • Fig 20. U.S. outbound medical tourism market outlook, 2018
  • Fig 21. Market dynamics
  • Fig 22. Market driver relevance analysis (Current & future impact)
  • Fig 23. Market restraint relevance analysis (Current & future impact)
  • Fig 24. U.S. outbound medical tourism market, 2018 - 2030 (USD Million)
  • Fig 25. U.S. outbound treatments/procedures analysis, 2023 (Type of procedures)
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Jeroen Van Heghe

Manager - EMEA

+32-2-535-7543

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Christine Sirois

Manager - Americas

+1-860-674-8796

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