BIRTH TOURISM MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024-2031)

Global birth tourism market is estimated to be valued at USD 277.6 Mn in 2024, exhibiting a compound annual growth rate (CAGR) of 6.3% from 2024 to 2031.  Increasing number of pregnant women from various economically developed countries such as the U.S., Canada, Australia, and others travel to certain destinations globally primarily for the purpose of obtaining citizenship for their child. Factors such as higher cost of childbirth in home country, easier immigration policies of destination countries for children born locally, and cheaper healthcare costs can drive the growth of birth tourism market. However, strict regulations by certain governments to curb this practice can hamper the market growth in the near future.

 Market Dynamics:

Global birth tourism market growth is driven by  factors like lower medical costs for childbirth in many international destinations as compared to developed home countries of expecting mothers, easier immigration policies for babies born in countries like U.S. granting citizenship by birthright, and desire of families to secure dual citizenship for their child. However, stern actions by governments to restrict birthright citizenship and impose travel restrictions on pregnant foreigners can hamper the market growth. Coming up of new birth tourism destinations offering affordable packages is expected to offer opportunities for the market players.

 Key Features of the Study:

• This report provides in-depth analysis of the global birth tourism market, and provides market size (US$ Mn) and compound annual growth rate (CAGR%) for the forecast period (2024–2031), considering 2023 as the base year.
• It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market.
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players.
• It profiles key players in the global birth tourism market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies.
• Key companies covered as a part of this study include Memorial Healthcare System, Texas Medical Center, Cleveland Clinic, Johns Hopkins Hospital, Mayo Clinic, Cedars-Sinai Medical Center, Massachusetts General Hospital, NewYork-Presbyterian Hospital, Fortis La Femme, Lilavati Hospital and Research Centre, Motherhood Hospitals.
• Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics.
• Global birth tourism market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
• Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global birth tourism market.

Detailed Segmentation-

• By Birthplace:
  • Hospitals
  • Birthing Centers
  • Home Births
  • Others
• By Package:
  • Basic Package
  • Luxury Package
  • All-inclusive Package
  • Others
• By Mode of Delivery:
  • Vaginal Delivery
  • C-section
  • Others
• By Region:
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa

Company Profiles:

• Memorial Healthcare System
• Texas Medical Center
• Cleveland Clinic
• Johns Hopkins Hospital
• Mayo Clinic
• Cedars-Sinai Medical Center
• Massachusetts General Hospital
• NewYork-Presbyterian Hospital
• Fortis La Femme
• Lilavati Hospital and Research Centre
• Motherhood Hospitals