The global market for Medical Tourism is estimated at US$108.1 Billion in 2023 and is projected to reach US$264.4 Billion by 2030, growing at a CAGR of 13.6% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.
The growth in the medical tourism market is driven by several factors. Rising healthcare costs in developed countries have pushed patients to seek more affordable options abroad, where they can receive equivalent or even superior care at a fraction of the price. The increasing availability of affordable international travel and the growth of low-cost airlines have made it easier for patients to access global healthcare services. Additionally, long waiting times for certain procedures in public healthcare systems have led patients to look for quicker alternatives overseas.
The expansion of insurance coverage that includes international medical treatment and the growing acceptance of alternative and holistic treatments available in other countries have also played a significant role. Furthermore, the concerted efforts of governments and private sectors in medical tourism destinations to promote their healthcare services through marketing and partnerships have bolstered the industry's growth. These factors, along with the continuous improvement in medical technologies and global healthcare standards, are driving the robust expansion of the medical tourism market, making it a significant segment of the global healthcare landscape.
The growth in the medical tourism market is driven by several factors. Rising healthcare costs in developed countries have pushed patients to seek more affordable options abroad, where they can receive equivalent or even superior care at a fraction of the price. The increasing availability of affordable international travel and the growth of low-cost airlines have made it easier for patients to access global healthcare services. Additionally, long waiting times for certain procedures in public healthcare systems have led patients to look for quicker alternatives overseas.
The expansion of insurance coverage that includes international medical treatment and the growing acceptance of alternative and holistic treatments available in other countries have also played a significant role. Furthermore, the concerted efforts of governments and private sectors in medical tourism destinations to promote their healthcare services through marketing and partnerships have bolstered the industry's growth. These factors, along with the continuous improvement in medical technologies and global healthcare standards, are driving the robust expansion of the medical tourism market, making it a significant segment of the global healthcare landscape.
Key Insights:
- Market Growth: Understand the significant growth trajectory of the Cardiovascular Treatment segment, which is expected to reach US$45.6 Billion by 2030 with a CAGR of a 10.3%. The Cancer Treatment segment is also set to grow at 13.4% CAGR over the analysis period.
- Regional Analysis: Gain insights into the U.S. market, estimated at $30.5 Billion in 2023, and China, forecasted to grow at an impressive 18.7% CAGR to reach $46.7 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.
Why You Should Buy This Report:
- Detailed Market Analysis: Access a thorough analysis of the Global Medical Tourism Market, covering all major geographic regions and market segments.
- Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
- Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Medical Tourism Market.
- Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.
Key Questions Answered:
- How is the Global Medical Tourism Market expected to evolve by 2030?
- What are the main drivers and restraints affecting the market?
- Which market segments will grow the most over the forecast period?
- How will market shares for different regions and segments change by 2030?
- Who are the leading players in the market, and what are their prospects?
Report Features:
- Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030.
- In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
- Company Profiles: Coverage of major players such as Apollo Hospitals Enterprise Ltd., Asklepios Medical Group, Bangkok Dusit Medical Services PLC, and more.
- Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.
Select Competitors (Total 160 Featured):
- Apollo Hospitals Enterprise Ltd.
- Asklepios Medical Group
- Bangkok Dusit Medical Services PLC
- Bumrungrad International Hospital
- Klinikum Medical Link
- KPJ Healthcare Behard.
- Manipal Health Enterprises Pvt. Ltd.
- Medretreat, LLC
- MIOT International
- Prince Court Medical Centre
Table of Contents
I. METHODOLOGYII. EXECUTIVE SUMMARY2. FOCUS ON SELECT PLAYERSIII. MARKET ANALYSISCHINAFRANCEGERMANYITALYUNITED KINGDOMSPAINTURKEYREST OF EUROPEINDIASOUTH KOREATHAILANDREST OF ASIA-PACIFICBRAZILMEXICOREST OF LATIN AMERICAAFRICAIV. COMPETITION
1. MARKET OVERVIEW
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
UNITED STATES
CANADA
JAPAN
EUROPE
ASIA-PACIFIC
LATIN AMERICA
MIDDLE EAST
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Apollo Hospitals Enterprise Ltd.
- Asklepios Medical Group
- Bangkok Dusit Medical Services PLC
- Bumrungrad International Hospital
- Klinikum Medical Link
- KPJ Healthcare Behard.
- Manipal Health Enterprises Pvt. Ltd.
- Medretreat, LLC
- MIOT International
- Prince Court Medical Centre
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 542 |
| Published | August 2024 |
| Forecast Period | 2023 - 2030 |
| Estimated Market Value ( USD | $ 108.1 Billion |
| Forecasted Market Value ( USD | $ 264.4 Billion |
| Compound Annual Growth Rate | 13.6% |
| Regions Covered | Global |
