Summary

The North America Inbound Medical Tourism Market exemplifies the excellence of healthcare excellence and worldwide travel prospects. North America has emerged as a beacon of cutting-edge medical expertise, attracting an ever-increasing influx of international patients seeking world-class healthcare solutions thanks to its expanding reputation as a leading destination for medical treatment. This dynamic market intersection not only highlights the region's cutting-edge medical facilities, top-tier practitioners, and cutting-edge technological innovations but also captures the rich tapestry of cultural diversity and unparalleled hospitality that North America provides to medical tourists. As people travel across borders in search of better medical care, the North American landscape emerges as a place where health and wellbeing coexist with exploration and discovery, laying the groundwork for the future. The geographical convenience of Mexico for patients traveling from South, North, and Central America and the Caribbean, recent Joint Commission International (JCI) accreditations in Mexico, government support for the expansion of medical tourism in Mexico, lower costs for treatment there, and technological advancements in healthcare facilities are some of the factors driving the growth of the North American medical tourism market. The variety of medical specializations available to international medical tourists has significantly increased in North America. Despite the region's longstanding reputation for excellence in subjects like oncology, orthopedics, and cardiology, there has been a diversification into new ones, including regenerative medicine, stem cell therapy, and personalized genetic therapies. This growth enables the area to serve a wider range of medical requirements, drawing in a wider range of foreign patients. Comprehensive healthcare networks have been created as a result of the growing prevalence of partnerships between medical institutions, research institutions, and governmental organizations. These collaborations make it possible for the seamless flow of medical expertise, best practices, and cutting-edge technologies, guaranteeing that foreign patients in North America receive the finest possible care. These partnerships aid in the growth of medical tourism hubs where patients may conveniently access a variety of specialist treatments.

According to the research report, “North America Inbound Medical Tourism Market Outlook, 2028” published by Bonafide Research, the market was valued at USD 17.49 Billion in 2022. A significant divergence among North American countries is the variety of medical specializations available. The region provides care for a wide range of medical requirements, from intricate operations and organ transplants to specialty therapies like cutting-edge cancer therapy and regenerative medicine. In addition, the use of holistic and multidisciplinary techniques guarantees that patients receive thorough care that addresses both their medical ailments and their entire well-being. To guarantee patient safety and consistent, high-quality healthcare delivery, North American nations uphold strict regulatory standards and quality assurance methods. Patients can have peace of mind when seeking treatment in the area since they can be sure that medical institutions abide by stringent regulations and moral standards. The medical tourism industry in North America has seen significant growth in the integration of telemedicine and virtual care services. The necessity for physical presence is no longer necessary for patients to obtain pre- and post-operative consultations, follow-up appointments, and medical advice; this preserves the patient-provider relationship. This trend has been especially important for guaranteeing continuity of care and lowering travel-related uncertainty during global health crises. Concierge services, individualized treatment plans, and committed patient coordinators are some of the ways that healthcare providers in North America are focused on providing great patient experiences. By offering comprehensive support, setting up travel logistics, and taking care of non-medical needs to ensure a seamless and comfortable trip, this trend strives to improve the overall journey for medical tourists.

Based on the countries, United States is dominating the market with significant market share in North America Inbound Medical Tourism Market in 2022.

The majority of media coverage on medical tourism is concentrated on the growing tendency of Americans to seek out more affordable medical care abroad as a result of rising healthcare costs in the US. However, people looking for cutting-edge medical care and technology have long looked to the US as a top destination. The US gives patients highly educated and skilled medical professionals who can manage complex and challenging medical situations. Tourists who are looking for top-notch medical care at a lower cost are now increasingly attracted as a result of the recession and the concurrent drop in the value of the US dollar. As wealthy patients from around the world seek medical care at the best institutions in the world, the medical tourism industry in the US is expanding. The country offers unrivaled, innovation-driven, advanced healthcare. Various people travel here to test out novel therapies that have been created in the various research facilities of the leading pharmaceutical companies around the globe. Heart surgery, dentistry, cosmetic surgery, weight reduction, IVF, kidney and liver transplants, spine surgery, oncology, neurology, and dentistry are the top medical specialties used to treat international patients in the US. Furthermore, Mexico has experienced significant growth for inbound medical tourism. Numerous Americans have travelled over the border to Mexico to acquire medical care due to the high expense of healthcare in the US and the rising number of uninsured people. Although its orthopedic procedures and Mexico medical tourism packages have recently become more popular, the country was once known for its cosmetic surgery and dentistry. According to estimates on medical tourism in Mexico, there are between 2 lac and 1 million patients who fly there, with many Hispanics receiving unreported home-bound retreat aftercare. The majority of the population of Mexico, however, comes from nearby nations like Texas, Arizona, Nevada, and Southern California.

Based on the treatment type, Cancer Treatment / Oncology treatment is dominating the market of North America Inbound Medical Tourism Market.

In oncology, North America is famous for having top-notch medical knowledge and cutting-edge technology. The area has a significant concentration of world-class cancer treatment facilities, well-known oncologists, and interdisciplinary teams with expertise in numerous cancer types. There are numerous specialist cancer treatment centers in North America that can accommodate various cancer kinds, phases of the disease, and therapeutic modalities. In the area, patients can get comprehensive and specialized treatments for cutting-edge surgical procedures, chemotherapy, targeted therapies, immunotherapy, and precision medicine. Patients looking for access to novel therapies and experimental cancer treatments frequently go to the area because of its strong research infrastructure and substantial participation in clinical trials. North American institutions often lead groundbreaking research efforts, offering medical tourists the opportunity to participate in cutting-edge studies that could potentially lead to improved treatment outcomes. Advanced diagnostic methods, such as molecular testing and genomic profiling, which enable personalized treatment approaches catered to each patient's unique cancer, are strength of North American oncology institutions. This individualized approach frequently produces more precise, tailored therapies with fewer side effects. Collaboration between a variety of medical specialties, including oncologists, surgeons, radiologists, pathologists, and other healthcare providers, is common in oncology therapy in North America. Through the use of a multidisciplinary approach, patients are guaranteed to receive thorough and well-coordinated care, improving both treatment results and patient experiences.

Based on the service providers, private service providers are leading the market with significant market share in North America Inbound Medical Tourism Market.

Private Service providers frequently excel at providing specialized medical treatment of the highest caliber. They make investments in cutting-edge facilities, cutting-edge medical equipment, and qualified medical personnel to make sure they can provide a variety of specialized treatments and procedures to fulfill the various needs of medical tourists. Private Service providers are renowned for their capacity to provide timely and effective services. The wait times for consultations, diagnostic procedures, and treatments can frequently be minimized by accommodating the schedule preferences of medical tourists. International patients who may have a restricted amount of time for their medical travel will find this flexibility particularly intriguing. Private healthcare providers regularly make investments in cutting-edge medical equipment and novel therapeutic approaches. They frequently pioneer medical discoveries and research, drawing patients looking for access to cutting-edge therapies and treatments.

Market Dynamics

• Market Drivers: Medical tourists travel to North America in search of access to specialized treatments, novel procedures, and cutting-edge medical interventions that provide better outcomes and higher success rates. This is due to the region's unmatched medical knowledge, cutting-edge technology, and world-class healthcare institutions. Additionally, the region's broad spectrum of medical specialties-from oncology and cardiology to regenerative medicine and advanced surgeries-cater to a wide range of healthcare demands, making it a desirable location for people with a variety of medical issues.
• Market Restraints: In comparison to other medical tourism destinations, North America, and particularly the United States, frequently has higher medical treatment costs. Potential medical tourists looking for affordable solutions may be discouraged by the cost of medical procedures, operations, diagnostics, and post-operative care. The process of getting visas, travel authorizations, and negotiating immigration laws can be difficult for medical tourists. Long and difficult visa applications can put off potential patients, particularly those who need emergency medical care.
• Market Trends: The market has seen a noticeable increase in the variety of medical specializations available to visiting medical tourists. Specialized specialties like regenerative medicine, stem cell therapy, and personalized genomic therapies have emerged outside of conventional areas like cardiology and orthopedics. This diversification provides for a wider range of medical requirements and draws a wider spectrum of foreign patients looking for cutting-edge therapies. Innovative therapeutics and regenerative medicine are gaining popularity on the market. Innovative therapies, including stem cell therapy, gene therapy, and other regenerative methods that could treat chronic ailments and degenerative diseases, are luring medical tourists to the area.

Market Players Insights
MD Anderson Cancer Center, Dana–Farber Cancer Institute, The Toronto General Hospital, Galenia Hospital, Johns Hopkins Hospital, Massachusetts General Hospital (MGH)

Considered in this report
• Geography: North America
• Historic year: 2017
• Base year: 2022
• Estimated year: 2023
• Forecast year: 2028

Aspects covered in this report
• North America Inbound Medical Tourism with its value and forecast along with its segments
• Country-wise Inbound Medical Tourism market analysis
• Various drivers and challenges
• On-going trends and developments
• Top profiled companies
• Strategic recommendation

Countries covered in the report
• United States
• Canada
• Mexico

By Treatment Type
• Cancer Treatment / Oncology
• Cosmetic Treatment
• Orthopedics Treatment / Spine Treatment
• Cardiovascular Treatment
• Fertility Treatment / IVF Treatments
• Neurological Treatment
• Organ Transplant
• Bariatric Treatment
• Dental Treatment
• Alternative Treatment (Acupuncture, Ayurveda, Homeopathy, Naturopathy, Chinese or Oriental medicine, Chiropractic and osteopathic medicine, Massage, Body movement therapies, Tai chi, Yoga, Dietary supplements, Herbal medicine, Nutrition/diet, Electromagnetic therapy, Reiki, Qigong, Meditation, Biofeedback, Hypnosis, Art, dance, and music, Visualization and guided imagery, etc.)
• Ophthalmology Treatment
• Other Treatments (Dermatological treatments, ENT (Ear, Nose, and Throat) treatments, Allergy and Immunology treatments, Sleep disorder treatments, Mental health and psychological treatments, Urology, diabetology, Proctology, Vascular Surgery, etc.)

By Service Providers
• Private
• Public

The approach of the report
This report consists of a combined approach of primary and secondary research. Initially, secondary research was used to get an understanding of the market and list the companies that are present in it. The secondary research consists of third-party sources such as press releases, annual reports of companies, and government-generated reports and databases. After gathering the data from secondary sources, primary research was conducted by conducting telephone interviews with the leading players about how the market is functioning and then conducting trade calls with dealers and distributors of the market. Post this; we have started making primary calls to consumers by equally segmenting them in regional aspects, tier aspects, age group, and gender. Once we have primary data with us, we can start verifying the details obtained from secondary sources.

Intended audience
This report can be useful to industry consultants, manufacturers, suppliers, associations and organisations related to the Inbound Medical Tourism industry, government bodies, and other stakeholders to align their market-centric strategies. In addition to marketing and presentations, it will also increase competitive knowledge about the industry.





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