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(I-TravelNewswire.Com, October 11, 2017 ) The Middle East and Africa Medical Tourism Market was worth USD 1.97 billion in 2016 and estimated to be growing at a CAGR of 8.17%, to reach USD 2.92 billion by 2021.
Medicinal tourism is a most developing business today. Considered to be the immediate effect of globalization of healthcare, medical tourism positively displays strong development potential all around the region. This industry is recognized to have an immense growth potential in numerous economies, as large number of countries are striving to become major exporters of the medical services.
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High treatment costs, long waiting time’s circumstances for medical procedures, advancements in technology, and development of market are the major factors pushing the growth of the market. Factors such as stringent documentation forms, issues related with visa endorsement, and limited protection scope are the hindering the growth of the market. Developing countries with evolving innovation and technology is fueling the market.
The Middle East and Africa Medical Tourism Market is broadly segmented into type of treatment. On the basis of the type of treatment, the market is further segmented into Neurological Treatment, Orthopedic Treatment, Cardiovascular Treatment, Cancer Treatment, Cosmetic Treatment, Fertility Treatment, Dental Treatment and Others. On the basis of geography, the Middle east and Africa market is analyzed under various regions namely middle east and Africa.
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Key players influencing the market, by their products and services are KPJ Healthcare Berhad, Min-Sheng General Hospital, Bumrungrad International Hospital, Apollo Hospitals Enterprise Limited, Samitivej Sukhumvit, Fortis Healthcare Ltd., Asian Heart Institute, Prince Court Medical Center, Bangkok Hospital Medical Center, and Raffles Medical Group.
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Source: EmailWire.Com
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