Expanding medical tourism industry is fostering the growth of the North America outbound medical tourism services market
The growing rate of health insurance premiums is driving the growth of the North America outbound medical tourism services market. For instance, according to The National Conference of State Legislatures, in 2018 the average annual premium for employer-based family coverage increased 5% to US$ 19,616 for single coverage, premiums increased 3% to US$ 6,896 compared to that in 2017. Increasing investment in the U.S. is expected to propel the market growth of the North America outbound medical tourism services in the near future. For instance, according to American Heart Association 2019 Heart Disease and Stroke Statistics, the mean hospital charge for a heart transplant in the U.S. was US$ 808,770. Expansion of medical tourism in the region is projected to foster the growth of the North America outbound medical tourism services market over the forecast period. On the other hand, lack of effective follow-up care on returning home is expected to hinder the growth of the North Ameri...