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Asia-Pacific Medical Tourism Market Size, Share & Trends Analysis Report by Treatment Type (Neurosurgery & Spine Surgery, ENT Surgery, Oncology, Plastic & Reconstructive Surgeries), Country, and Segment Forecasts, 2024-2030

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    Report

  • 88 Pages
  • May 2024
  • Region: Asia Pacific
  • Grand View Research
  • ID: 5976489
Description Jump to:
The Asia Pacific medical tourism market size is anticipated to reach USD 60.66 billion by 2030, expanding at a CAGR of 26.4% from 2024 to 2030. The market is expected to experience significant growth due to several factors, including the increasing prevalence of chronic diseases, improved infrastructure in the region, and access to affordable healthcare with skilled medical professionals for specialized treatments available in Asia Pacific region. India, Thailand, and Singapore are the most popular medical tourism destinations in the Asia Pacific region.

Medical tourism is becoming increasingly popular among international patients who seek to avoid long queues and explore alternative treatment options by traveling abroad for diagnosis. Governments around the world are also promoting health and wellness tourism to stimulate market growth. The availability of immediate procedures and strong government support are key factors in the growth of medical tourism.

In November 2022, TravoCure Healthcare based in India partnered with Ethiopian Airlines and announced a new collaboration to assist travelers from Africa who are seeking medical treatment in India. Both organizations aim to work together to promote India as a medical tourism destination, showcasing its modern medical technologies and internationally accredited hospitals and clinics through joint promotional activities.

Asia Pacific Medical Tourism Market Report Highlights

  • Based on the type of treatment segment, oncology dominated the market and accounted for a share of 25.5% in 2023 owing to the skilled oncologists and high-quality healthcare infrastructure at lower cost in the region
  • Neurosurgery and spine surgery is expected to register the fastest CAGR during the forecast period due to the availability of skilled healthcare professionals, holistic approach and cost effective treatments
  • India dominated the market and accounted for around 30% share in 2023. This dominance can be attributed to several factors such as cost-effective healthcare services, quality healthcare infrastructure, cultural and language compatibility

Table of Contents

Chapter 1. Methodology and Scope
1.1. Market Segmentation & Scope
1.2. Segment Definitions
1.2.1. Treatment Type
1.2.2. Estimates and Forecasts Timeline
1.3. Research Methodology
1.4. Information Procurement
1.4.1. Purchased Database
1.4.2. Internal Database
1.4.3. Secondary Sources
1.4.4. Primary Research
1.5. Information or Data Analysis
1.5.1. Data Analysis Models
1.6. Market Formulation & Validation
1.7. Model Details
1.7.1. Commodity Flow Analysis (Model 1)
1.7.2. Volume Price Analysis (Model 2)
1.8. List of Secondary Sources
1.9. List of Primary Sources
1.10. Objectives
Chapter 2. Executive Summary
2.1. Market Outlook
2.2. Segment Outlook
2.2.1. Treatment Type
2.3. Competitive Insights
Chapter 3. Asia-Pacific Medical Tourism Market Variables, Trends & Scope
3.1. Market Lineage Outlook
3.1.1. Parent Market Outlook
3.1.2. Related/ancillary Market Outlook
3.2. Market Dynamics
3.2.1. Market Driver Analysis
3.2.2. Market Restraint Analysis
3.3. Asia-Pacific Medical Tourism Market Analysis Tools
3.3.1. Industry Analysis - Porter’s
3.3.1.1. Supplier Power
3.3.1.2. Buyer Power
3.3.1.3. Substitution Threat
3.3.1.4. Threat of New Entrant
3.3.1.5. Competitive Rivalry
3.3.2. PESTEL Analysis
3.3.2.1. Political Landscape
3.3.2.2. Technological Landscape
3.3.2.3. Economic Landscape
Chapter 4. Asia-Pacific Medical Tourism Market: Treatment Type Estimates & Trend Analysis
4.1. Treatment Type Market Share, 2023 & 2030
4.2. Segment Dashboard
4.3. Global Asia-Pacific Medical Tourism Market by Treatment Type Outlook
4.4. Market Size & Forecasts and Trend Analyses, 2018 to 2030 for the Following
4.4.1. Neurosurgery and Spine Surgery
4.4.1.1. Market Estimates and Forecasts 2018 to 2030 (USD Million)
4.4.2. ENT Surgery
4.4.2.1. Market Estimates and Forecasts 2018 to 2030 (USD Million)
4.4.3. Dentistry
4.4.3.1. Market Estimates and Forecasts 2018 to 2030 (USD Million)
4.4.4. Oncology
4.4.4.1. Market Estimates and Forecasts 2018 to 2030 (USD Million)
4.4.5. Gynecology
4.4.5.1. Market Estimates and Forecasts 2018 to 2030 (USD Million)
4.4.6. Urology
4.4.6.1. Market Estimates and Forecasts 2018 to 2030 (USD Million)
4.4.7. Ophthalmology
4.4.7.1. Market Estimates and Forecasts 2018 to 2030 (USD Million)
4.4.8. Plastic & Reconstructive Surgeries
4.4.8.1. Market Estimates and Forecasts 2018 to 2030 (USD Million)
4.4.9. Other Surgeries
4.4.9.1. Market Estimates and Forecasts 2018 to 2030 (USD Million)
Chapter 5. Competitive Landscape
5.1. Recent Developments & Impact Analysis, by Key Market Participants
5.2. Company Profiles
5.2.1. Singapore General Hospital
5.2.1.1. Company Overview
5.2.1.2. Financial Performance
5.2.1.3. Product Benchmarking
5.2.1.4. Strategic Initiatives
5.2.2. Mount Elizabeth Hospital
5.2.2.1. Company Overview
5.2.2.2. Financial Performance
5.2.2.3. Product Benchmarking
5.2.2.4. Strategic Initiatives
5.2.3. Gleneagles Hospital
5.2.3.1. Company Overview
5.2.3.2. Financial Performance
5.2.3.3. Product Benchmarking
5.2.3.4. Strategic Initiatives
5.2.4. Apollo Hospitals
5.2.4.1. Company Overview
5.2.4.2. Financial Performance
5.2.4.3. Product Benchmarking
5.2.4.4. Strategic Initiatives
5.2.5. Bumrungrad International Hospital
5.2.5.1. Company Overview
5.2.5.2. Financial Performance
5.2.5.3. Product Benchmarking
5.2.5.4. Strategic Initiatives
5.2.6. Raffles Medical Group
5.2.6.1. Company Overview
5.2.6.2. Financial Performance
5.2.6.3. Product Benchmarking
5.2.6.4. Strategic Initiatives
5.2.7. Fortis Hospitals
5.2.7.1. Company Overview
5.2.7.2. Financial Performance
5.2.7.3. Product Benchmarking
5.2.7.4. Strategic Initiatives
5.2.8. Asan Medical Center
5.2.8.1. Company Overview
5.2.8.2. Financial Performance
5.2.8.3. Product Benchmarking
5.2.8.4. Strategic Initiatives
5.2.9. Seoul National University Hospital
5.2.9.1. Company Overview
5.2.9.2. Financial Performance
5.2.9.3. Product Benchmarking
5.2.9.4. Strategic Initiatives
List of Tables
Table 1 List of Abbreviations
Table 2 Asia-Pacific Medical Tourism Market, by Treatment Type, 2018-2030 (USD Billion)
List of Figures
Figure 1 Market Research Process
Figure 2 Data Triangulation Techniques
Figure 3 Primary Research Pattern
Figure 4 Market Research Approaches
Figure 5 Value-chain-based Sizing & Forecasting
Figure 6 QFD Modeling for Market Share Assessment
Figure 7 Market Formulation & Validation
Figure 8 Asia-Pacific Medical Tourism Market: Market Outlook
Figure 9 Asia-Pacific Medical Tourism Competitive Insights
Figure 10 Parent Market Outlook
Figure 11 Related/ancillary Market Outlook
Figure 12 Penetration and Growth Prospect Mapping
Figure 13 Asia-Pacific Medical Tourism Market Driver Impact
Figure 14 Asia-Pacific Medical Tourism Market Restraint Impact
Figure 15 Asia-Pacific Medical Tourism Market: Treatment Type Movement Analysis
Figure 16 Neurosurgery and Spine Surgery Market Estimates and Forecast, 2018-2030 (USD Million)
Figure 17 ENT Surgery Estimates and Forecast, 2018-2030 (USD Million)
Figure 18 Dentistry Market Estimates and Forecast, 2018-2030 (USD Million)
Figure 19 Oncology Estimates and Forecast, 2018-2030 (USD Million)
Figure 20 Gynecology Market Estimates and Forecast, 2018-2030 (USD Million)
Figure 21 Urology Estimates and Forecast, 2018-2030 (USD Million)
Figure 22 Ophthalmology Market Estimates and Forecast, 2018-2030 (USD Million)
Figure 23 Plastic & Reconstructive Surgeries Estimates and Forecast, 2018-2030 (USD Million)
Figure 24 Others Market Estimates and Forecast, 2018-2030 (USD Million)

Companies Mentioned

  • Singapore General Hospital
  • Mount Elizabeth Hospital
  • Gleneagles Hospital
  • Apollo Hospitals
  • Bumrungrad International Hospital
  • Raffles Medical Group
  • Fortis Hospitals
  • Asan Medical Center
  • Seoul National University Hospital

Methodology

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Table Information

Report AttributeDetails
No. of Pages88
PublishedMay 2024
Forecast Period2023 - 2030
Estimated Market Value ( USD ) in 2023 $ 10.32 Billion
Forecasted Market Value ( USD ) by 2030 $ 60.66 Billion
Compound Annual Growth Rate26.4%
Regions CoveredAsia Pacific
No. of Companies Mentioned9

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About the Medical Tourism Market

Medical Tourism is the practice of travelling to another country for medical care. It is a growing industry, with people travelling to receive treatments that may not be available in their home country, or to take advantage of lower costs. Patients may also be attracted to the quality of care, or the opportunity to combine medical treatment with a holiday. Medical Tourism companies provide services such as arranging medical appointments, coordinating travel and accommodation, and providing language and cultural support. They may also offer additional services such as medical insurance and post-treatment follow-up. Examples of Medical Tourism companies include Medigo, MediTour, and Medical Departures. These companies offer a range of services to help patients find the best medical care for their needs. Show Less Read more

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