Medical Tourism Market

Medical Tourism Market - Global Market Share, Trends, Analysis and Forecast, 2023-2032
Frequently asked questions about this report

The medical tourism market was estimated to be US$ 29.1 Billion in 2022.

The medical tourism market is expected grow at a CAGR of 9.6% between 2023 to 2032.

The global medical tourism market is driven by various factors such as the high cost of medical treatment in developed countries, increasing demand for cosmetic and dental procedures, and the availability of skilled healthcare professionals in developing countries.

The Asia-Pacific is the largest and fastest-growing market for medical tourism, with countries such as India, Thailand, and Malaysia leading the market. The region offers high-quality medical treatments at a fraction of the cost of developed countries, attracting patients from around the world.

Anavara Limited, Apollo Hospitals Enterprise Ltd., Asian Heart Institute, Bumrungrad International Hospital, Fortis Healthcare Ltd., Gleneagles Hospital, KPJ Healthcare Berhad, Prince Court Medical Centre, Raffles Medical Group, Samitivej Hospital, Seoul National University Hospital, Singapore General Hospital, Thai Medical Vacation Co., Ltd., Wooridul Spine Hospital, Yanhee International Hospital among others, are the leading players in this market.

The outbound medical tourism is the largest segment in the market. This is the largest segment as it is more common for patients to travel abroad for medical treatment rather than for foreign patients to travel to their country for medical treatment.

Based on treatment, the medical tourism market is segmented into Cosmetic Surgery, Dental Treatment, Cardiovascular Treatment, Orthopedic Treatment, Cancer Treatment, Fertility Treatment, Neurological Treatment and Others.