UK Medical Tourism Market is Estimated to Reach US$ 23.4 Bn by 2032
NEWARK, DE / ACCESSWIRE / October 11, 2022 / As per Future Market Insights’ latest industry analysis, The UK medical tourism market to reach a valuation of US$ 6 Billion in 2022 and it is anticipated to reach US $23.44 Bn by 2032. The sales in UK medical tourism are projected to increase at a 14.6% CAGR.
The UK medical tourism market is expected to grow at a steady rate during the forecast period. Multiple factors are assisting the demand for medical tourism in UK from low and middle-income regions, where the healthcare infrastructure is not advanced enough. As a result, these factors are anticipated to remain the major drivers for the growth of the UK medical tourism market share during the forecast period.
The rise of health concierge services across the UK has massively assisted in the growth of the UK medical tourism market size in last couple of years. The convenience provided by these services and the eminent quality of the private medical infrastructure in the UK are attracting consumers from across the globe.
Better standards, along with these factors are attracting high-net-worth medical tourists seeking treatment for a variety of conditions in the UK, encouraging the adoption of medical tourism and offering lucrative growth opportunities.
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The growing trend of privatized healthcare across the globe has presented various opportunities for the key players in UK medical tourism sector. The prevalence of private healthcare infrastructure with rising demand for medical tourism in UK is expected to surge further and boost the revenue of the market.
The UK medical tourism market growth had a negative impact of COVID-19 and experienced a halt for one year due to the absolute lack of demand and travel restrictions. However, UK has always been a pioneer in the field of medical research, with great facilities that are worldwide renowned. This has led to the availability of highly skilled professionals from several sectors of medicine, including well-known medical tourism companies in the United Kingdom.
“Efficiency, comfort, and privatized attention are likely to be the key factors in driving the UK medical tourism market forward. “– FMI analyst.
Due to the presence of world-renowned experts, the orthopaedic treatments segment is anticipated to dominate the UK medical tourism market.
Due to early mental health awareness, the therapeutic service sector in the UK is expected to grow significantly.
Independent tourists are the most popular among medical tourists, owing to the rise of digital technologies.
Due to the prevalence of common orthopaedic and cardiovascular issues in men, male medical tourists are more likely to visit the UK on a regular basis.
The 45-54 age group is expected to dominate the UK Medical Tourism Market.
Online booking is the preferred route due to the wide choice of alternatives and the hassle-free experience.
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Competitive Landscape of UK Medical Tourism Market
Leading players in the UK Medical Tourism Market are looking to expand their revenue by catering to VIP consumer needs by offering all-inclusive packages. They are also focused on ramping up their service reach by adding more healthcare facilities under their umbrella while trying to further expand their presence.
Major players present in the UK Medical Tourism market are Med Journeys, Metta Health Ltd., HexTransforma Healthcare Ltd., Balsamee, International Health Plus, Maya Medical Group, Global Health Manager Limited, HCA International Limited, Imperial Private Healthcare, and Best Health Care Services.
Recent Developments in the UK Medical Tourism Market:
HCA International Limited, a health concierge service in the United Kingdom, provides VIP service packages that include services such as arranging up consultant appointments, travel, stay accommodation, and so on.
MedicalHealthCare is a medical tourism company based in the United Kingdom that can assist travellers seeking medical treatment in Turkey, Belgium, Croatia, the Czech Republic, Hungary, and Poland. They are committed to providing you with the greatest clinic for your aesthetic, dental, and fertility requirements.
Medical tourism agency in the United Kingdom are open 24 hours a day, seven days a week. This organisation provides a communication system with partners such as hospitals, clinics, SPAs, and hotels, among others. They collaborate with the best clinics and hotels in the country.
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UK Medical Tourism Market by Category
By Treatment Type:
By Tour Type:
By Consumer Orientation:
By Age Group:
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Table of Content
1. Executive Summary
1.1. UK Medical Tourism Market Outlook
1.1.1. Who Is Travelling?
1.1.2. How Much Do They Spend?
1.1.3. Direct Contribution of Tourism To GDP
1.1.4. Direct Contribution of Tourism To Employment
1.2. Medical Tourism Evolution Analysis
1.3. FMI Analysis and Recommendations
2. Market Introduction
2.1. Total Spending (US$ Mn) and Forecast (2022-2032)
2.2. Number of Tourists (Mn) and Forecast (2022-2032)
2.3. Total Spending Y-o-Y Growth Projections (2022-2032)
2.4. Number of Tourists Y-o-Y Growth Projections
3. Medical Tourism Industry Analysis
3.1. Medical Tourism Industry Overview
3.1.1. Medical Tourism Industry Contribution to UK GDP
3.1.2. Medical Tourism Sector Contribution to UK’s Overall Employment
3.1.3. Impact of Covid-19
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About Future Market Insights, Inc.
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