Medical Tourism – Thematic intelligence

Medical Tourism Market Overview

Medical tourism is a key market for both the medical devices industry and the growth of emerging markets. The availability of lower-cost medical procedures drives the growth of the medical devices industry across many markets. Some of the most common medical procedures that people travel for include dentistry procedures, orthopedic procedures, aesthetic procedures, and fertility procedures.

The medical tourism thematic intelligence report highlights the technology, macroeconomic, and regulatory trends impacting the medical tourism theme. This report is a thematic brief that identifies those companies that are most likely to succeed in a world filled with disruptive threats. Moreover, it predicts how each theme will evolve and identifies the leading and disrupting companies.

Medical Tourism: Key Trends

The key trends that are associated with the medical tourism theme can be classified into three categories: technology trends, macroeconomic trends, and regulatory trends.

Technology trends – Some of the key technology trends impacting the medical tourism theme include Artificial Intelligence (AI), cloud technology, digital health, mobile technology, and telehealth.

Macroeconomic trends – The key macroeconomic trends that will shape the medical tourism theme are the impact of COVID-19 pandemic, rising healthcare costs, and globalization & growth of tourism.

Regulatory trends – The key regulatory trends impacting the medical tourism theme are the rise of non-profit international accreditations and the need to minimize medical & legal risks for physicians treating non-residents and medical tourists.

For more insights on key trends shaping the medical tourism theme, download a free report sample

Medical Tourism – Industry Analysis

Over the years, growth in the medical tourism industry has largely occurred due to several factors including increasing healthcare costs, decreased travel costs, ease of access, and advancements in technology. Two countries where healthcare costs have increased rapidly since 2010 are the US and China resulting in the American and Chinese medical tourists comprising a large portion of total medical tourists globally.

The medical tourism industry analysis also covers:

• Mergers and Acquisitions
• Venture Financing
• Timeline

Medical Tourism - Value Chain Analysis

GlobalData’s medical tourism value chain consists of seven segments: product development, preclinical/clinical trials, manufacturing, market access, supply chain & distribution, marketing & sales, and end users/payers. Medical tourism influences every stage of the medical devices value chain, and each stage of the value chain also impacts the medical tourism industry.

Product Management: Product development is an industry that is profiting from medical tourism. This growth may prompt medical device manufacturers to develop a product to enter or maintain their presence within the market, with that influence carrying through the clinical trials and manufacturing stages.

Medical Tourism Value Chain Analysis

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Public Companies Associated with the Medical Tourism Theme

The leading public companies making their mark within the medical tourism theme are AbbVie, Bausch Health Companies, The Cooper Companies (Cooper Surgical), Danaher, and Establishment Labs, among others.

AbbVie: It is a specialty biopharmaceutical company that discovers, develops, manufactures, and commercializes drugs for the treatment of chronic and complex diseases. With its recent acquisition of Allergan, AbbVie has expanded its portfolio in medical devices to include medical aesthetics, eye care, central nervous system, and gastroenterology.

To know more about the leading public companies associated with the medical tourism theme, download a free report sample

Leading Private Companies Associated with the Medical Tourism Theme

The leading private companies associated with the medical tourism theme are Cook Medical, GC Aesthetics, IvoClar Vivadent, Neoss, and Solta Medical, among others.

Cook Medical: It is a medical device company that develops, manufactures, and distributes devices for minimally invasive medicine. The company offers products and services in various specialty areas such as anesthesiology, bariatrics, burn surgery, cardiothoracic surgery, colorectal surgery, endovascular surgery, general surgery, gynecologic oncology, and gynecology, among others.

To know more about the leading private companies associated with the medical tourism theme, download a free report sample

Medical Devices Sector Scorecard

At GlobalData, we use a scorecard approach to predict tomorrow’s leading companies within each sector. Our sector scorecards have three screens: a thematic screen, a valuation screen, and a risk screen. The medical devices sector scorecard has three screens:

• The thematic screen tells us who are the overall leaders in the 10 themes that matter most, based on our thematic engine.
• The valuation screen ranks our universe of companies within a sector based on selected valuation metrics.
• Our risk screen ranks companies within a sector based on overall investment risk.

Medical Devices Sector Scorecard – Thematic Screen

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Medical Tourism Market Report Overview

Segments Covered in the Report

Medical Tourism Value Chains Outlook

• Product Development
• Preclinical/Clinical Trials
• Manufacturing
• Market Access
• Supply Chain & Distribution
• Marketing & Sales
• End Users/Payers

Reasons to Buy

• GlobalData’s thematic research ecosystem is a single, integrated global research platform that provides an easy-to-use framework for tracking all themes across all companies in all sectors. It has a proven track record of identifying important themes early, enabling companies to make the right investments ahead of the competition and secure that all-important competitive advantage.
• Develop and design your corporate strategies through an in-house expert analysis of medical tourism by understanding the primary ways in which this theme is impacting the healthcare industry.
• Stay up to date on the industry’s major players and where they sit in the value chain.
• Identify emerging industry trends to gain a competitive advantage.