Medical Tourism Market

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Medical Tourism Market

Key Takeaways

Introduction

We have provided the three biggest players in the global medical tourism space. The rank was based on how frequently they were mentioned across multiple market research reports. These three biggest players are Apollo Hospitals, KPJ Healthcare, and Fortis Healthcare. Below is a brief overview of each player, as well as an explanation of our research strategy.

Biggest Medical Tourism Companies

#1: Apollo Hospitals

  • Apollo Hospitals provides a wide range of treatments and services in various medical categories, including oncology, orthopedics, spine, neurology and neurosurgery, gastroenterology, cardiology, bariatric surgery, nephrology and urology, transplants, among others.
  • Through its dedicated international patient care segment, Apollo Hospital provides various health and medical services to medical tourists across multiple specialties, including oncology, colorectal surgery, spine, neurology and neurosurgery, robotics, cardiology, bariatric surgery, nephrology and urology, organ transplants, among others.
  • Other services Apollo's international patient care provides include visa facilitation, trip planning, international insurance, online consultation, among others.
  • There's no information surrounding if the hospital engages with tourists' US-based physicians after reviewing the company's website, annual reports, patient testimonials, and other third-party sources.

#2: KPJ Healthcare

  • KPJ Healthcare is located in Malaysia, with a network of 28 hospitals. It also has operations in Indonesia, Thailand, Bangladesh, and Australia.
  • Through its team of 1,022 medical consultants, KPJ Healthcare provides a full range of medical and surgical services from all disciplines, including bariatric surgery, ophthalmology, dental, laboratory, rehabilitation, ancillary services, among others.
  • It also provides health tourism for international patients and medical tourists through its international patient center. It provides various kinds of treatments for many health tourist patients from all over the world.
  • Other services the international patient center provides include travel and visa assistance, interpreter arrangements, local sight-seeing tours, among others.
  • There's no information surrounding if the hospital engages with tourists' US-based physicians after reviewing the company's website, annual reports, patient testimonials, and other third-party sources.

#3: Fortis Healthcare Limited

  • The company offers patient care and various health/medical services across the following core specialties: orthopedics, neurology, cardiac sciences, urology, andrology, oncology, liver transplant, and BMT (bone marrow transplant).
  • Fortis Healthcare also caters to international patients and medical tourists through its international patient services segment, providing various procedures and surgeries, including cardiac sciences, gastro sciences, neurosciences, oncology, organ transplant, and orthopedics.
  • Other services provided by the international patient services segment include medical opinion, trip planning, relationship manager, travel and visa assistance, accommodation, currency exchange, interpretation services, among others.
  • There's no information surrounding if the hospital engages with tourists' US-based physicians after reviewing the company's website, annual reports, patient testimonials, and other third-party sources.
  • While the exact customer base and growth are not available, the occupancy rate was 55% in 2020. As well, its diagnostics business received 11.1 million patients.
  • Since its inception, Fortis Healthcare has treated over 2 million international patients from more than 175 countries.

Research Strategy

To identify the top players in the global medical tourism market, we curated a list of the major players provided by multiple and credible market research reports, including IMARC Group, Grandview Research, Market Data Forecast, Allied Market Research, and Mordor Intelligence. The list can be found in the attached spreadsheet. We attempted to rank the players by the number of medical tourists they receive annually or their annual revenue from medical tourism but found that such levels of data are not readily available for each company. Therefore, we ranked the list based on the companies that were frequently mentioned in multiple credible market research reports. With this, the biggest players were determined as Apollo Hospitals (five mentions), KPJ Healthcare (four mentions), and Fortis healthcare (four mentions). The list/ranking can be found in the attached spreadsheet.

To provide the requested overview of each company or players, we primarily leveraged their corporate websites and annual reports. We also extended to review other third-party sources to find some data points and niche pieces of information, such as customer base/growth and how or if they engage with the tourists' US-based physicians, respectively. However, we found that they are mostly unavailable in the public domain.

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