North America Outbound Medical Tourism Services Market

Introduction

According to a 2014 International Medical Tourism Journal study, the cost of treatment in the USA. is 85% higher than that offered in countries like India, Mexico, etc. For instance, treatments such as knee replacement costing around USD 35,000 to USD 60,000 in the USA. cost less than USD 20,000 in Costa Rica and India, inclusive of lodging and airfare costs.

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.

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% during the forecast period and is expected to be valued at USD 605.3 Billion by the end of 2032.

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 USA, 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 (2022 to 2032).

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 USA, 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 2032

In terms of revenue share, the Cosmetic Surgery Treatment segment dominated the North America outbound medical tourism services market in 2022 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.

USA projected to occupy a major share in the North America outbound medical tourism services market in terms of value

In terms of value, USA. is expected to be the dominant regional market by 2032 end and is estimated to register a CAGR of 25% 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.

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.

Table of Content

• 1. North America Market - Executive Summary
• 2. Research Methodology
• 3. Assumptions and Acronyms Used
• 4. North America Market Overview
  • 4.1. Introduction
    • 4.1.1. North America Market Taxonomy
    • 4.1.2. North America Market Definition
  • 4.2. North America Market Size and Forecast
    • 4.2.1. North America Market Y-o-Y Growth
    • 4.2.2. North America Market Absolute $ Opportunity
  • 4.3. Pricing Analysis
    • 4.3.1. Average Treatment Cost by Therapeutic Application
  • 4.4. North America Market Overview
    • 4.4.1. Number of In-patients in USA opting for Medical Tourism Services
    • 4.4.2. Reimbursement Scenario
    • 4.4.3. Major Countries for Medical Tourism opting by USA In-patients
  • 4.5. North America 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 Market Analysis and Forecast By Therapeutic Application
  • 5.1. Introduction
  • 5.2. North America 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 Market Size (USD Million) 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 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 Market Size (USD Million) Forecast By Country
    • 5.5.1. USA
    • 5.5.2. Canada
  • 5.6. North America Outbound Medical Tourism Market ('000 Procedures) Volume Forecast By Country
    • 5.6.1. USA
    • 5.6.2. Canada
  • 5.7. Market Attractiveness Analysis By Therapeutic Application
  • 5.8. Prominent Trends
• 6. USA Market Analysis and Forecast By Therapeutic Application
  • 6.1. Introduction
  • 6.2. USA 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. USA 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. USA Market Size (USD Million) 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 Market Analysis and Forecast By Therapeutic Application
  • 7.1. Introduction
  • 7.2. Canada 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 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 Market Size (USD Million) 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
  • 8.2. 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.

List of Tables

Table 01: North America Market Value (US$ Mn) Forecast By Therapeutic Application, 2022 to 2032

Table 02: North America Market Volume ('000 Procedures) Forecast By Therapeutic Application, 2022 to 2032

Table 03: North America Market Value (US$ Mn) Forecast By Country, 2022 to 2032

Table 04: North America Market Volume ('000 Procedures) Forecast By Country, 2022 to 2032

Table 05: US Market Value (US$ Mn) Forecast By Therapeutic Application, 2022 to 2032

Table 06: US Market Volume ('000 Procedures) Forecast By Therapeutic Application, 2022 to 2032

Table 07: Canada Market Value (US$ Mn) Forecast By Therapeutic Application, 2022 to 2032

Table 08: Canada Market Volume (In Procedures) Forecast By Therapeutic Application, 2022 to 2032

List of Figures

Figure 1: North America Market Value (US$ Mn) & Volume ('000 Procedures) Forecast, 2022 to 2032

Figure 2: North America Market value (US$ Mn) Incremental Opportunity, 2022 to 2032

Figure 3: North America Market Y-o-Y Growth, 2022 to 2032

Figure 4: North America Market – Scenario Forecast, 2022 to 2032 (US$ Mn)

Figure 5: North America Market Volume ('000 Unit) Forecast, 2022 to 2032

Figure 6: Cosmetic Surgery Treatment Price Difference (US$) By Country, 2022

Figure 7: Cosmetic Surgery Treatment Price (US$) By Country, 2022

Figure 8: Dental Treatment Price Difference (US$) By Country, 2022

Figure 9: Dental Treatment Price (US$) By Country, 2022

Figure 10: Cardiovascular Treatment Price Difference (US$) By Country, 2022

Figure 11: Cardiovascular Treatment Price (US$) By Country, 2022

Figure 12: Orthopedic Treatment Price Difference (US$) By Country, 2022

Figure 13: Orthopedic Treatment Price (US$) By Country, 2022

Figure 14: Cancer Treatment Price Difference (US$) By Country, 2022

Figure 15: Cancer Treatment Price (US$) By Country, 2022

Figure 16: Fertility Treatment Price Difference (US$) By Country, 2022

Figure 17: Fertility Treatment Price (US$) By Country, 2022

Figure 18: Weight Loss Treatment Price Difference (US$) By Country, 2022

Figure 19: Weight Loss Treatment Price (US$) By Country, 2022

Figure 20: Spinal Surgery Treatment Price Difference (US$) By Country, 2022

Figure 21: Spinal Surgery Treatment Price (US$) By Country, 2022

Figure 22: Neurology Treatment Price Difference (US$) By Country, 2022

Figure 23: Neurology Treatment Price (US$) By Country, 2022

Figure 24: Other General Treatment Price Difference (US$) By Country, 2022

Figure 25: Other General Treatment Price (US$) By Country, 2022

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

Figure 27: North America Market Share Analysis (%) By Therapeutic Application, 2022 to 2032

Figure 28: North America Market Y-o-Y Growth (%) By Therapeutic Application, 2022 to 2032

Figure 29: North America Market Attractiveness Analysis By Therapeutic Application, 2022 to 2032

Figure 30: North America Market Absolute $ Opportunity (US$ Mn) By Cosmetic Surgery Treatment, 2022 to 2032

Figure 31: North America Market Absolute $ Opportunity (US$ Mn) By Dental Treatment, 2022 to 2032

Figure 32: North America Market Absolute $ Opportunity (US$ Mn) By Cardiovascular Treatment, 2022 to 2032

Figure 33: North America Market Absolute $ Opportunity (US$ Mn) By Orthopedic Treatment, 2022 to 2032

Figure 34: North America Market Absolute $ Opportunity (US$ Mn) By Cancer Treatment, 2022 to 2032

Figure 35: North America Market Absolute $ Opportunity (US$ Mn) By Fertility Treatment, 2022 to 2032

Figure 36: North America Market Absolute $ Opportunity (US$ Mn) By Weight Loss Treatment, 2022 to 2032

Figure 37: North America Market Absolute $ Opportunity (US$ Mn) By Spinal Surgery Treatment, 2022 to 2032

Figure 38: North America Market Absolute $ Opportunity (US$ Mn) By Neurology Treatment, 2022 to 2032

Figure 39: North America Market Absolute $ Opportunity (US$ Mn) By Other General Treatment, 2022 to 2032

Figure 40: North America Market Share Analysis (%) By Country, 2022 to 2032

Figure 41: North America Market Y-o-Y Growth (%) By Country, 2022 to 2032

Figure 42: North America Market Attractiveness Analysis By Country, 2022 to 2032

Figure 43: North America Market Absolute $ Opportunity (US$ Mn) By US, 2022 to 2032

Figure 44: North America Market Absolute $ Opportunity (US$ Mn) By Canada, 2022 to 2032

Figure 45: US Market Share Analysis (%) By Therapeutic Application, 2022 to 2032

Figure 46: US Market Y-o-Y Growth (%) By Therapeutic Application, 2022 to 2032

Figure 47: US Market Attractiveness Analysis By Therapeutic Application, 2022 to 2032

Figure 48: US Market Absolute $ Opportunity (US$ Mn) By Cosmetic Surgery Treatment, 2022 to 2032

Figure 49: US Market Absolute $ Opportunity (US$ Mn) By Dental Treatment, 2022 to 2032

Figure 50: US Market Absolute $ Opportunity (US$ Mn) By Cardiovascular Treatment, 2022 to 2032

Figure 51: US Market Absolute $ Opportunity (US$ Mn) By Orthopedic Treatment, 2022 to 2032

Figure 52: US Market Absolute $ Opportunity (US$ Mn) By Cancer Treatment, 2022 to 2032

Figure 53: US Market Absolute $ Opportunity (US$ Mn) By Fertility Treatment, 2022 to 2032

Figure 54: US Market Absolute $ Opportunity (US$ Mn) By Weight Loss Treatment, 2022 to 2032

Figure 55: US Market Absolute $ Opportunity (US$ Mn) By Spinal Surgery Treatment, 2022 to 2032

Figure 56: US Market Absolute $ Opportunity (US$ Mn) By Neurology Treatment, 2022 to 2032

Figure 57: US Market Absolute $ Opportunity (US$ Mn) By Other General Treatment, 2022 to 2032

Figure 58: Canada Market Share Analysis (%) By Therapeutic Application, 2022 to 2032

Figure 59: Canada Market Y-o-Y Growth (%) By Therapeutic Application, 2022 to 2032

Figure 60: Canada Market Attractiveness Analysis By Therapeutic Application, 2022 to 2032

Figure 61: Canada Market Absolute $ Opportunity (US$ Mn) By Cosmetic Surgery Treatment, 2022 to 2032

Figure 62: Canada Market Absolute $ Opportunity (US$ Mn) By Dental Treatment, 2022 to 2032

Figure 63: Canada Market Absolute $ Opportunity (US$ Mn) By Cardiovascular Treatment, 2022 to 2032

Figure 64: Canada Market Absolute $ Opportunity (US$ Mn) By Orthopedic Treatment, 2022 to 2032

Figure 65: Canada Market Absolute $ Opportunity (US$ Mn) By Cancer Treatment, 2022 to 2032

Figure 66: Canada Market Absolute $ Opportunity (US$ Mn) By Fertility Treatment, 2022 to 2032

Figure 67: Canada Market Absolute $ Opportunity (US$ Mn) By Weight Loss Treatment, 2022 to 2032

Figure 68: Canada Market Absolute $ Opportunity (US$ Mn) By Spinal Surgery Treatment, 2022 to 2032

Figure 69: Canada Market Absolute $ Opportunity (US$ Mn) By Neurology Treatment, 2022 to 2032

Figure 70: Canada Market Absolute $ Opportunity (US$ Mn) By Other General Treatment, 2022 to 2032