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North America Outbound Medical Tourism Services Market

Market Insights on North America Outbound Medical Tourism Services covering sales outlook, demand forecast & up-to-date key trends

North America Outbound Medical Tourism Services Market by Therapeutic Application (Cosmetic Surgery Treatment, Dental Treatment, Cardiovascular Treatment, Orthopaedic Treatment, Cancer Treatment, Fertility Treatment, Weight Loss Treatment, Spinal Surgery Treatment, Neurology Treatment) & Region - Forecast to 2016-2026

Introduction

Outbound medical tourism in North America is rising substantially as a result of an increasing number of people from the region opting for cross border treatment. Cross border countries offer medical treatments at significantly low costs. According to a 2014 International Medical Tourism Journal study, the cost of treatment in the U.S. is 85% higher than that offered in countries like India, Mexico, etc. For instance, treatments such as knee replacement costing around US$ 35,000 to US$ 60,000 in the U.S. cost less than US$ 20,000 in Costa Rica and India, inclusive of lodging and airfare costs.

This is prominently leading to a rise in potential for the North America outbound medical tourism services market. In terms of revenue, the North America outbound medical tourism services market is projected to register a CAGR of 25.5% during the forecast period and is expected to be valued at US$ 150.36 Bn by the end of 2026.

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Rising patient preference for outbound medical services expected to boost market growth

Rising rate of health insurance premiums, high cost of medical treatments in the U.S, and parallel tourism with medical treatment are some of the main factors anticipated to drive revenue growth of the North America outbound medical tourism services market over the forecast period (2016 – 2026). Growth of the North America outbound medical tourism services market is further driven by a large ageing baby boomer population and a large uninsured population, long waiting time for appointments with specialists in the U.S, and an increasing preference for non-conventional treatment options.

However, lack of effective follow-up care on returning home, rampant medical malpractices in medical tourism destinations, proliferation of superbugs in medical tourism destinations, problems associated with language barriers, and privacy concerns are some of the challenges anticipated to restrict market growth of the North America outbound medical tourism services market over the forecast period.

Cosmetic Surgery Treatment therapeutic application segment anticipated to occupy a significant share of the North America outbound medical tourism services market through 2026

In terms of revenue share, the Cosmetic Surgery Treatment segment dominated the North America outbound medical tourism services market in 2015 and is expected to dominate throughout the forecast period, registering a high value CAGR of 32.9%. The Dental Treatment segment is expected to occupy substantial share in terms of volume in the North America outbound medical tourism services market and is anticipated to witness a CAGR of 27.2% in terms of value over the forecast period.

Sabyasachi Ghosh
Principal Consultant
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U.S. projected to occupy a major share in the North America outbound medical tourism services market in terms of value

In terms of value, U.S. is expected to be the dominant regional market by 2026 end and is estimated to register a CAGR of 25.7% over the forecast period. Canada is expected to have comparatively less market potential for outbound medical tourism services, registering a CAGR of 18.1% over the forecast period.

North America Outbound Medical Tourism Services Market Download Report Brochure

Top market players are focussing on increasing market penetration in emerging markets through strategic alliances with local healthcare providers

Some of the key players operating in the North America outbound medical tourism services market are Apollo Hospital Enterprise Limited, Bumrungrad International Hospital, KPJ Healthcare Berhad, Christus Muguerza Hospital, WorldMed Assist, Mednamaste, and Global Medical Tourism Inc. Some of these companies are adopting strategies such as backward integration to support their core business of medical tourism. Companies are offering services such as insurance and financing for medical tourism and are looking to expand their global footprint by enhancing their foreign customer base.

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Market segmentation

By Therapeutic Application:

  • Cosmetic Surgery Treatment
  • Dental Treatment
  • Cardiovascular Treatment
  • Orthopaedic Treatment
  • Cancer Treatment
  • Fertility Treatment
  • Weight Loss Treatment
  • Spinal Surgery Treatment
  • Neurology Treatment
  • Other General Treatment

By Region:

  • U.S
  • Canada

Frequently Asked Questions

The XYZ market is predicted to grow at 25% CAGR through 2032.

Therapeutic application category for cosmetic surgery is predicted to dominate outbound medical tourism services in North America.

The XYZ market size is anticipated to be over US$ 65.0 Bn in 2022.

Table of Content

1. North America Outbound Medical Tourism Services Market - Executive Summary

2. Research Methodology

3. Assumptions and Acronyms Used

4. North America Medical Tourism Services Market Overview

4.1. Introduction

4.1.1. North America Outbound Medical Tourism Services Market Taxonomy

4.1.2. North America Outbound Medical Tourism Services Market Definition

4.2. North America Outbound Medical Tourism Services Market Size and Forecast

4.2.1. North America Outbound Medical Tourism Services Market Y-o-Y Growth

4.2.2. North America Outbound Medical Tourism Services Market Absolute $ Opportunity

4.3. Pricing Analysis

4.3.1. Average Treatment Cost by Therapeutic Application

4.4. North America Outbound Medical Tourism Services Market Overview

4.4.1. Number of In-patients in US opting for Medical Tourism Services

4.4.2. Reimbursement Scenario

4.4.3. Major Countries for Medical Tourism opting by US In-patients

4.5. North America Outbound Medical Tourism Services Market Dynamics

4.5.1. Drivers

4.5.1.1. Supply Side

4.5.1.2. Demand Side

4.5.2. Restraints

4.5.3. Market Trends

5. North America Outbound Medical Tourism Services Market Analysis and Forecast By Therapeutic Application

5.1. Introduction

5.2. North America Outbound Medical Tourism Services Market Size and Forecast By Therapeutic Application

5.2.1. BPS Analysis, By Therapeutic Application

5.2.2. Y-o-Y growth comparison, By Therapeutic Application

5.3. North America Outbound Medical Tourism Services Market Size (US$ Mn) Forecast By Therapeutic Application

5.3.1. Cosmetic Surgery Treatment 

5.3.2. Dental Treatment 

5.3.3. Cardiovascular Treatment 

5.3.4. Orthopedic Treatment 

5.3.5. Cancer Treatment 

5.3.6. Fertility Treatment 

5.3.7. Weight Loss Treatment 

5.3.8. Spinal Surgery Treatment 

5.3.9. Neurology Treatment 

5.3.10. Other General Treatment

5.4. North America Outbound Medical Tourism Services Market ('000 Procedures) Volume Forecast By Therapeutic Application

5.4.1. Cosmetic Surgery Treatment 

5.4.2. Dental Treatment 

5.4.3. Cardiovascular Treatment 

5.4.4. Orthopedic Treatment 

5.4.5. Cancer Treatment 

5.4.6. Fertility Treatment 

5.4.7. Weight Loss Treatment 

5.4.8. Spinal Surgery Treatment 

5.4.9. Neurology Treatment 

5.4.10. Other General Treatment

5.5. North America Outbound Medical Tourism Services Market Size (US$ Mn) Forecast By Country

5.5.1. US

5.5.2. Canada

5.6. North America Outbound Medical Tourism Market ('000 Procedures) Volume Forecast By Country

5.6.1. US

5.6.2. Canada

5.7. Market Attractiveness Analysis By Therapeutic Application

5.8. Prominent Trends

6. US Outbound Medical Tourism Services Market Analysis and Forecast By Therapeutic Application

6.1. Introduction

6.2. US Outbound Medical Tourism Services Market Size and Forecast By Therapeutic Application

6.2.1. BPS Analysis, By Therapeutic Application

6.2.2. Y-o-Y growth comparison, By Therapeutic Application

6.3. US Outbound Medical Tourism Services Market ('000 Procedures) Volume Forecast By Therapeutic Application

6.3.1. Cosmetic Surgery Treatment 

6.3.2. Dental Treatment 

6.3.3. Cardiovascular Treatment 

6.3.4. Orthopedic Treatment 

6.3.5. Cancer Treatment 

6.3.6. Fertility Treatment 

6.3.7. Weight Loss Treatment 

6.3.8. Spinal Surgery Treatment 

6.3.9. Neurology Treatment 

6.3.10. Other General Treatment

6.4. US Outbound Medical Tourism Services Market Size (US$ Mn) Forecast By Therapeutic Application

6.4.1. Cosmetic Surgery Treatment 

6.4.2. Dental Treatment 

6.4.3. Cardiovascular Treatment 

6.4.4. Orthopedic Treatment 

6.4.5. Cancer Treatment 

6.4.6. Fertility Treatment 

6.4.7. Weight Loss Treatment 

6.4.8. Spinal Surgery Treatment 

6.4.9. Neurology Treatment 

6.4.10. Other General Treatment

6.5. Market Attractiveness Analysis By Therapeutic Application

6.6. Prominent Trends

7. Canada Outbound Medical Tourism Services Market Analysis and Forecast By Therapeutic Application

7.1. Introduction

7.2. Canada Outbound Medical Tourism Services Market Size and Forecast By Therapeutic Application

7.2.1. BPS Analysis, By Therapeutic Application

7.2.2. Y-o-Y growth comparison, By Therapeutic Application

7.3. Canada Outbound Medical Tourism Services Market ('000 Procedures) Volume Forecast By Therapeutic Application

7.3.1. Cosmetic Surgery Treatment 

7.3.2. Dental Treatment 

7.3.3. Cardiovascular Treatment 

7.3.4. Orthopedic Treatment 

7.3.5. Cancer Treatment 

7.3.6. Fertility Treatment 

7.3.7. Weight Loss Treatment 

7.3.8. Spinal Surgery Treatment 

7.3.9. Neurology Treatment 

7.3.10. Other General Treatment

7.4. Canada Outbound Medical Tourism Services Market Size (US$ Mn) Forecast By Therapeutic Application

7.4.1. Cosmetic Surgery Treatment 

7.4.2. Dental Treatment 

7.4.3. Cardiovascular Treatment 

7.4.4. Orthopedic Treatment 

7.4.5. Cancer Treatment 

7.4.6. Fertility Treatment 

7.4.7. Weight Loss Treatment 

7.4.8. Spinal Surgery Treatment 

7.4.9. Neurology Treatment 

7.4.10. Other General Treatment

7.5. Market Attractiveness Analysis By Therapeutic Application

7.6. Prominent Trends 

8. Competitive Landscape

8.1. Apollo Hospital Enterprise Limited

8.1.1. Revenue

8.1.2. Products/Brand Offerings

8.1.3. Company Highlights

8.2. Bumrungrad International Hospital

8.3. KPJ Healthcare Berhad

8.4. Christus Muguerza Hospital

8.5. WorldMed Assist 

8.6. Mednamaste 

8.7. Global Medical Tourism Inc.

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List of Tables

Table 01: North America Outbound Medical Tourism Services Market Value (US$ Mn) Forecast By Therapeutic Application, 2016–2026

Table 02: North America Outbound Medical Tourism Services Market Volume ('000 Procedures) Forecast By Therapeutic Application, 2016–2026

Table 03: North America Outbound Medical Tourism Services Market Value (US$ Mn) Forecast By Country, 2016–2026

Table 04: North America Outbound Medical Tourism Services Market Volume ('000 Procedures) Forecast By Country, 2016–2026

Table 05: US Outbound Medical Tourism Services Market Value (US$ Mn) Forecast By Therapeutic Application, 2015–2026

Table 06: US Outbound Medical Tourism Services Market Volume ('000 Procedures) Forecast By Therapeutic Application, 2015–2026

Table 07: Canada Outbound Medical Tourism Services Market Value (US$ Mn) Forecast By Therapeutic Application, 2016–2026

Table 08: Canada Outbound Medical Tourism Services Market Volume (In Procedures) Forecast By Therapeutic Application, 2016–2026

Sabyasachi Ghosh
Principal Consultant
LinkedIn
Talk to Analyst

Find your sweet spots for generating winning opportunities in this market.

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List of Charts

Figure 1: North America Outbound Medical Tourism Services Market Value (US$ Mn) & Volume ('000 Procedures) Forecast, 2015–2026 

Figure 2: North America Outbound Medical Tourism Services Market value (US$ Mn) Incremental Opportunity, 2015–2026 

Figure 3: North America Outbound Medical Tourism Services Market Y-o-Y Growth, 2015–2026 

Figure 4: North America Outbound Medical Tourism Services Market – Scenario Forecast, 2016–2026 (US$ Mn)

Figure 5: North America Outbound Medical Tourism Services Market Volume ('000 Unit) Forecast, 2015–2026 

Figure 6: Cosmetic Surgery Treatment Price Difference (US$) By Country, 2015

Figure 7: Cosmetic Surgery Treatment Price (US$) By Country, 2015

Figure 8: Dental Treatment Price Difference (US$) By Country, 2015

Figure 9: Dental Treatment Price (US$) By Country, 2015

Figure 10: Cardiovascular Treatment Price Difference (US$) By Country, 2015

Figure 11: Cardiovascular Treatment Price (US$) By Country, 2015

Figure 12: Orthopedic Treatment Price Difference (US$) By Country, 2015

Figure 13: Orthopedic Treatment Price (US$) By Country, 2015

Figure 14: Cancer Treatment Price Difference (US$) By Country, 2015

Figure 15: Cancer Treatment Price (US$) By Country, 2015

Figure 16: Fertility Treatment Price Difference (US$) By Country, 2015

Figure 17: Fertility Treatment Price (US$) By Country, 2015

Figure 18: Weight Loss Treatment Price Difference (US$) By Country, 2015

Figure 19: Weight Loss Treatment Price (US$) By Country, 2015

Figure 20: Spinal Surgery Treatment Price Difference (US$) By Country, 2015

Figure 21: Spinal Surgery Treatment Price (US$) By Country, 2015

Figure 22: Neurology Treatment Price Difference (US$) By Country, 2015

Figure 23: Neurology Treatment Price (US$) By Country, 2015

Figure 24: Other General Treatment Price Difference (US$) By Country, 2015

Figure 25: Other General Treatment Price (US$) By Country, 2015

Figure 26: Major Countries for North America Outbound Medical Tourism Service by Therapeutic application

Figure 27: North America Outbound Medical Tourism Services Market Share Analysis (%) By Therapeutic Application, 2016 & 2026

Figure 28: North America Outbound Medical Tourism Services Market Y-o-Y Growth (%) By Therapeutic Application, 2016–2026

Figure 29: North America Outbound Medical Tourism Services Market Attractiveness Analysis By Therapeutic Application, 2016–2026

Figure 30: North America Outbound Medical Tourism Services Market Absolute $ Opportunity (US$ Mn) By Cosmetic Surgery Treatment, 2016–2026

Figure 31: North America Outbound Medical Tourism Services Market Absolute $ Opportunity (US$ Mn) By Dental Treatment, 2016–2026

Figure 32: North America Outbound Medical Tourism Services Market Absolute $ Opportunity (US$ Mn) By Cardiovascular Treatment, 2016–2026

Figure 33: North America Outbound Medical Tourism Services Market Absolute $ Opportunity (US$ Mn) By Orthopedic Treatment, 2016–2026

Figure 34: North America Outbound Medical Tourism Services Market Absolute $ Opportunity (US$ Mn) By Cancer Treatment, 2016–2026

Figure 35: North America Outbound Medical Tourism Services Market Absolute $ Opportunity (US$ Mn) By Fertility Treatment, 2016–2026

Figure 36: North America Outbound Medical Tourism Services Market Absolute $ Opportunity (US$ Mn) By Weight Loss Treatment, 2016–2026

Figure 37: North America Outbound Medical Tourism Services Market Absolute $ Opportunity (US$ Mn) By Spinal Surgery Treatment, 2016–2026

Figure 38: North America Outbound Medical Tourism Services Market Absolute $ Opportunity (US$ Mn) By Neurology Treatment, 2016–2026

Figure 39: North America Outbound Medical Tourism Services Market Absolute $ Opportunity (US$ Mn) By Other General Treatment, 2016–2026

Figure 40: North America Outbound Medical Tourism Services Market Share Analysis (%) By Country, 2016 & 2026

Figure 41: North America Outbound Medical Tourism Services Market Y-o-Y Growth (%) By Country, 2016–2026

Figure 42: North America Outbound Medical Tourism Services Market Attractiveness Analysis By Country, 2016–2026

Figure 43: North America Outbound Medical Tourism Services Market Absolute $ Opportunity (US$ Mn) By US, 2016–2026

Figure 44: North America Outbound Medical Tourism Services Market Absolute $ Opportunity (US$ Mn) By Canada, 2016–2026

Figure 45: US Outbound Medical Tourism Services Market Share Analysis (%) By Therapeutic Application, 2016 & 2026

Figure 46: US Outbound Medical Tourism Services Market Y-o-Y Growth (%) By Therapeutic Application, 2016–2026

Figure 47: US Outbound Medical Tourism Services Market Attractiveness Analysis By Therapeutic Application, 2016–2026

Figure 48: US Outbound Medical Tourism Services Market Absolute $ Opportunity (US$ Mn) By Cosmetic Surgery Treatment, 2016–2026

Figure 49: US Outbound Medical Tourism Services Market Absolute $ Opportunity (US$ Mn) By Dental Treatment, 2016–2026

Figure 50: US Outbound Medical Tourism Services Market Absolute $ Opportunity (US$ Mn) By Cardiovascular Treatment, 2016–2026

Figure 51: US Outbound Medical Tourism Services Market Absolute $ Opportunity (US$ Mn) By Orthopedic Treatment, 2016–2026

Figure 52: US Outbound Medical Tourism Services Market Absolute $ Opportunity (US$ Mn) By Cancer Treatment, 2016–2026

Figure 53: US Outbound Medical Tourism Services Market Absolute $ Opportunity (US$ Mn) By Fertility Treatment, 2016–2026

Figure 54: US Outbound Medical Tourism Services Market Absolute $ Opportunity (US$ Mn) By Weight Loss Treatment, 2016–2026

Figure 55: US Outbound Medical Tourism Services Market Absolute $ Opportunity (US$ Mn) By Spinal Surgery Treatment, 2016–2026

Figure 56: US Outbound Medical Tourism Services Market Absolute $ Opportunity (US$ Mn) By Neurology Treatment, 2016–2026

Figure 57: US Outbound Medical Tourism Services Market Absolute $ Opportunity (US$ Mn) By Other General Treatment, 2016–2026

Figure 58: Canada Outbound Medical Tourism Services Market Share Analysis (%) By Therapeutic Application, 2016 & 2026

Figure 59: Canada Outbound Medical Tourism Services Market Y-o-Y Growth (%) By Therapeutic Application, 2016–2026

Figure 60: Canada Outbound Medical Tourism Services Market Attractiveness Analysis By Therapeutic Application, 2016–2026

Figure 61: Canada Outbound Medical Tourism Services Market Absolute $ Opportunity (US$ Mn) By Cosmetic Surgery Treatment, 2016–2026

Figure 62: Canada Outbound Medical Tourism Services Market Absolute $ Opportunity (US$ Mn) By Dental Treatment, 2016–2026

Figure 63: Canada Outbound Medical Tourism Services Market Absolute $ Opportunity (US$ Mn) By Cardiovascular Treatment, 2016–2026

Figure 64: Canada Outbound Medical Tourism Services Market Absolute $ Opportunity (US$ Mn) By Orthopedic Treatment, 2016–2026

Figure 65: Canada Outbound Medical Tourism Services Market Absolute $ Opportunity (US$ Mn) By Cancer Treatment, 2016–2026

Figure 66: Canada Outbound Medical Tourism Services Market Absolute $ Opportunity (US$ Mn) By Fertility Treatment, 2016–2026

Figure 67: Canada Outbound Medical Tourism Services Market Absolute $ Opportunity (US$ Mn) By Weight Loss Treatment, 2016–2026

Figure 68: Canada Outbound Medical Tourism Services Market Absolute $ Opportunity (US$ Mn) By Spinal Surgery Treatment, 2016–2026

Figure 69: Canada Outbound Medical Tourism Services Market Absolute $ Opportunity (US$ Mn) By Neurology Treatment, 2016–2026

Figure 70: Canada Outbound Medical Tourism Services Market Absolute $ Opportunity (US$ Mn) By Other General Treatment, 2016–2026

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North America Outbound Medical Tourism Services Market