Medical Tourism Market Share Projected to Surpass a Valuation of USD 93.9 Billion by 2030 Growing at a 23.5% CAGR
Research Reports
May 08, 2023
Medical Tourism Market by Treatment Type (Orthopedic/Spine Treatments, Oncology/Cancer Treatments, Cosmetic Treatments, Cardiovascular Treatments, Dental Treatments, Fertility/IVF Treatments, others), by Regions – Forecast Till 2030
According to MRFR analysis, Global Medical Tourism market is expected to register a CAGR of 23.5% from 2022 to 2030 and hold a value of over 93.9 billion by 2030. The global medical tourism market refers to the industry of people traveling to different countries to receive medical treatment, procedures, or surgeries. This market has been growing rapidly over the past few years due to several factors, including the rising cost of healthcare in developed countries, advancements in medical technology, and the availability of low-cost, high-quality medical facilities in developing countries.
The market is divided into two main categories: inbound medical tourism and outbound medical tourism. Inbound medical tourism involves patients traveling from their home country to another country to receive medical treatment, while outbound medical tourism refers to patients traveling from their home country to another country to receive medical treatment that may not be available in their home country.
The market includes a wide range of medical treatments and procedures, including cosmetic surgeries, dental treatments, fertility treatments, cardiac surgeries, orthopedic surgeries, and many more. Countries such as Thailand, India, Singapore, Malaysia, and Mexico are among the most popular medical tourism destinations due to their high-quality medical facilities, skilled healthcare professionals, and affordable prices.
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Key Players
Bumrungrad International Hospital (Thailand), CHRISTUS MUGUERZA (Mexico), Samitivej PCL (Thailand), Schön-Kliniken (Germany), Gleneagles Global Hospitals Group (India), Prince Court Medical Centre (Malaysia), Anadolu Medical Center (Turkey), Shouldice Hospital (Canada), Bangkok Hospital (Thailand), Fortis Healthcare (India), Clemenceau Medical Center (Lebanon), Asklepios Kliniken Verwaltungsgesellschaft mbH (Germany)
Market Segmentation
Global Medical Tourism market has been segmented into By Product Type.
Type Outlook : Orthopedic/Spine Treatments, Oncology/Cancer Treatments, Cosmetic Treatments, Cardiovascular Treatments, Dental Treatments ,Fertility/IVF Treatments
Regional Analysis
North America: The North American medical tourism market is expected to witness significant growth during the forecast period due to the high quality of healthcare facilities and the availability of advanced medical technologies. The United States is the largest contributor to the North American medical tourism market.
Europe: The European medical tourism market is also expected to grow significantly due to the increasing demand for cosmetic surgeries and dental treatments. Countries like Germany, Turkey, and Hungary are popular destinations for medical tourism due to their affordable medical treatments and high-quality healthcare services.
Asia Pacific: The Asia Pacific medical tourism market is expected to grow at a rapid pace during the forecast period due to the availability of low-cost medical treatments and skilled healthcare professionals. Countries like India, Thailand, and Malaysia are the major contributors to the medical tourism market in the region.
Browse In-depth Market Research Report (90 Pages) on Medical Tourism: https://www.marketresearchfuture.com/reports/medical-tourism-market-1975
Latin America: The Latin American medical tourism market is expected to witness significant growth due to the availability of affordable healthcare services and the increasing demand for cosmetic surgeries. Countries like Brazil, Costa Rica, and Mexico are popular medical tourism destinations in the region.
Middle East & Africa: The Middle East & Africa medical tourism market is expected to grow significantly due to the availability of advanced medical technologies and the increasing number of medical facilities in the region. Countries like Dubai and South Africa are emerging as popular destinations for medical tourism due to their state-of-the-art healthcare facilities and skilled healthcare professionals.
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