South Korea Medical Tourism Market 2022: Size, Share, Comprehensive Industry And Vendor Landscape 2031

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Kenneth Research added a report on South Korea Medical tourism market into the repository of market research reports. The report includes in-depth analysis on the growth drivers, expansion opportunities, restraints and challenges and the recent trends in the market

U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) average exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilst imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for South Korea Medical Tourism Market Products.

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According to the data by the World Bank, services attributed to 64.334% of the global gross domestic product (GDP) in 2019, up from 63.823% in 2018. Moreover, the service sector valued at USD 56.748 trillion in 2019. Service sector is the third tier of the three-sector economy. On the other hand, the rapid penetration of internet services, is further estimated to boost the market growth. According to the other World Bank data, 56.727% of the global population is using internet services, up from 49.907% in 2018.

South Korea Medical Tourism Market is likely to reach nearly USD 2 Billion by the year end of 2022 growing at a CAGR of around 15% from 2017 to 2022.

Market growth can be attributed to factors such as technologically advanced treatments and medical procedures, pioneer in plastic/cosmetic surgery and dentistry, excellent medical practitioners & medical facilities, affordable medical costs and strong government support and initiatives.

Chinese medical tourists play a significant role in contributing revenue to the South Korea economy. China contributed more than 35% share in 2016. China is likely to maintain dominance in South Korea Medical Tourism revenue share by the year end of 2022. United States spot at second position in the revenue share with XX% share. Other countries such as Japan, Russia, Kazakhstan and UAE emerge as the largest revenue generators in the South Korea Medical Tourism Market.

The research report titled“South Korea Medical Tourism Market Insights, Opportunity, Analysis, Market Shares & Forecast 2017 – 2022” provides detailed information on the South Korea Medical Tourism Market. This report analyzes market data and provides a better understanding of medical tourists flow and revenue to South Korea. Market outlook in value terms for the forecasted period for South Korea Medical Tourism Market has been detailed in the report. Key industry news and medical procedures cost comparision are analyzed with details. This report also entails a detailed description of growth drivers and inhibitors of the South Korea Medical Tourism Market.

Key Topics Covered in the Report

• South Korea Medical Tourism Market Environment & Trend (2009 – 2022)
• South Korea Medical Tourism Market Share & Forecast (2009 – 2022)
• South Korea Medical Tourism Market – Countrywise Analysis
• Medical Procedures – Cost Comparison Analysis
• Industry News from South Korea Medical Tourism
• Key Drivers and Inhibitors of the South Korea Medical Tourism Market

South Korea Medical Tourism Market – 12 Countries Covered

1) United States
2) China
3) Japan
4) Russia
5) Mongolia
6) Vietnam
7) Philippines
8) Kazakhstan
9) Saudi Arabia
10) Uzbekistan
11) Indonesia
12) United Arab Emirates

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The Market report answers the following questions:

What is the aim of the report?

• The South Korea Medical Tourism Market report presents the estimated market size of Market by the end of forecast period. Additionally, the historical and current market size is also examined in the report.
• Based on various indicators, the Year-on-Year growth (%) and compound annual growth rate (CAGR) for the given forecast period is offered.
• An overview of the Market based on geographical scope, market segmentation and financial performance of key players is presented in the report.
• The report presents current trends in the industry and future scope of the Market in North America, Asia Pacific, Europe, Latin America and Middle East and Africa.
• The various parameters accelerating the growth of Market are incorporated in the research report.
• The report analyzes growth rate, market size and valuation of the Market during the forecast period.

What aspects regarding the regional analysis Market are included in this report?

• Geographical regions covered in the report include North America, Europe, Asia Pacific, Latin America and Middle East & Africa region.
• The report consists of detailed region-wise analysis of current and future market trends, providing information on product usage and consumption.
• The growth rate of the market in every region, including their countries over the forecast period is included in the market report.

Based on what factors are the key market players assessed in this report?

• The report offers detailed analysis of leading companies in the market across the globe.
• It provides details of the major vendors involved in the Market including Key Players
• A comprehensive overview of each company including the company profile, generated revenue, pricing of goods and the manufactured products is incorporated in the report.
• The facts and figures about market competitors along with standpoints of leading market players are presented in the report.
• The recent developments, mergers and acquisitions related to mentioned key players are provided in the market report.

What is the key information extracted from the report?

• Extensive information on factors estimated to affect the Market growth and market share during the forecast period is presented in the report.
• The report offers the present scenario and future growth prospects Market in various geographical regions.
• The competitive landscape analysis on the market as well as the qualitative and quantitative information is delivered.
• The SWOT analysis is conducted along with Porter's Five Force analysis.
• The in-depth analysis provides an insight into the Market, underlining the growth rate and opportunities offered in the business.

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About Kenneth Research:

Kenneth Research provides scheduled syndicated reports that help industry professionals and organizations decipher market trends to take significant decisions and plan strategies. We cater to a wide range of industries including healthcare & pharmaceuticals, ICT & telecom, automotive & transportation, energy & power, chemicals, FMCG & food, aerospace & defense, among others. Our research team ensures to track and analyze the industry on a regular basis to offer strategic business consultancy services on a global level. We, at Kenneth Research are adept at capturing descriptive insights on crucial topics to help our clients make their informed decisions.

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