Asia-Pacific Inbound Medical Tourism Market Outlook, 2028

The Asia-Pacific Medical Tourism Market is a rapidly expanding industry that involves people traveling abroad to receive medical care. The market comprises nations like Thailand, India, Malaysia, Singapore, and South Korea, which are renowned for their top-notch medical services and reasonably affordable cost of care. Several factors, including rising healthcare expenses in industrialized nations, growing knowledge of the accessibility of medical treatments overseas, and improvements in medical technology, are driving the region's medical tourism business. Government programs to promote medical tourism, such as lowering visa requirements and offering incentives to healthcare professionals, have contributed to the market's expansion. Some of the most popular medical operations in the Asia-Pacific medical tourism sector include cosmetic surgery, dental work, and fertility treatments. Additionally, the region is becoming more well-known for medical operations like cancer treatments, orthopedic surgeries, and heart surgeries. Medical tourism is gaining popularity as a cost-effective healthcare option as healthcare expenses in wealthy nations rise. By traveling to developing nations for treatment, medical tourists from rich nations can save up to 90% on medical costs. The thriving global medical business is one of the key factors propelling market growth. Patients choose medical migration more frequently since many wealthy nations charge hefty prices for treating chronic ailments. Additionally, people from all over the world are attracted to the cutting-edge medical facilities available at affordable rates in a number of developing countries. Healthcare institutions are providing individuals with improved healthcare, cutting-edge pharmaceuticals, cutting-edge equipment, and personalized therapy to stimulate the market.

According to the research report, “Asia-Pacific Inbound Medical Tourism Market Outlook, 2028” the market is anticipated to grow at 25% CAGR from 2023 to 2028. The Asia-Pacific inbound medical tourism market is expanding as a result of patients increased knowledge of medical tourism and the region's expanding accessibility to and availability of cutting-edge treatment alternatives. The region's developing nations place a strong emphasis on creating an efficient healthcare system. For instance, because of its expertise in heavy particle radiation, regenerative medicine, and robot-assisted surgeries, Japan is regarded as the most popular location for oncology treatments. Thailand, India, Singapore, Malaysia, South Korea, and the Philippines are a few of the well-known nations in the Asia-Pacific region that draw medical tourists. These nations have built up a robust medical infrastructure and actively encourage medical travel. The region's rich cultural legacy, stunning natural surroundings, and tourist attractions are among the reasons that medical tourists frequently choose Asia-Pacific locations for their medical procedures. As a result, medical care and a vacation experience are uniquely combined. According to the World Health Organization, Singapore has one of the best healthcare systems in Asia and ranks sixth globally, thanks to its successful socialist health care system. Malaysia's well-developed infrastructure and easy access to services like in vitro fertilization and cutting-edge burn treatment draw more than half a million medical tourists there each year. In addition, many nations in the region have established organizations to attract people seeking medical operations abroad and raise patient awareness of medical tourism.

Based on the countries, China is leading the market with significant market share in Asia-Pacific Inbound Medical Tourism Market in 2022.

Travellers looking for traditional Chinese medicine have long made China their first choice. In addition to state hospitals with departments specifically dedicated for overseas patients, the nation with the most people in the world has a variety of private facilities that accept patients from outside. China has become a well-known destination for medical tourism as a result of significant government investments in rehabilitating medical facilities for the best standard of service. Healthcare facilities and funding are provided by China's communist government. To encourage improved health services throughout the nation, the healthcare system is organized into a number of sub-systems, including medical services, preventive care, primary and public health, pharmaceuticals, and medical equipment. China has made significant investments in its medical technologies and infrastructure. The nation has made important advancements in its capacity for medical research, innovation, and treatment. Patients looking for specialist treatments may be drawn to modern medical facilities and knowledgeable medical staff. Because of its geographic accessibility to a major portion of Asia, including its neighbours, China may see an increase in inbound medical tourism. Holistic healthcare methods and Traditional Chinese Medicine (TCM) have grown in popularity worldwide. TCM therapies, acupuncture, herbal medicine, and other holistic methods may lure patients seeking alternative or complementary treatments to China.

Based on the treatment type, dental treatment is expected to grow at the fastest rate during the forecast period in market of Asia-Pacific Inbound Medical Tourism Market.

In several Asia-Pacific nations, dental procedures are frequently less expensive than in Western nations. Patients from nations with expensive healthcare, including the United States, Europe, and Australia, may travel for dental care to save money while still receiving top-notch care. Several Asia-Pacific nations have made investments in cutting-edge dental equipment and facilities, offering top-notch dental surgeries and treatments. The quality of care provided by dental clinics in these nations is frequently on par with or even better than that available to patients in their own countries, as they frequently follow worldwide norms and recommendations. Specialized dental operations like cosmetic dentistry, dental implants, and orthodontics are available in some Asia-Pacific nations. Patients looking for these particular treatments can be lured to the area because of the expertise there. Since dental procedures may necessitate many visits or a longer stay, patients may have the chance to see the local customs and attractions. For medical tourists, a package that includes dental care and a vacation can be appealing. A wide range of dental services, from routine check-ups and cleanings to complicated operations like dental implants, oral surgery, and cosmetic dentistry, are provided by the comprehensive dental facilities that have been created in Asia-Pacific nations. International airports with good connections and enhanced transportation infrastructure have made the Asia-Pacific area more and more accessible. This made it easy for patients to go for dental treatments in different regions of the world.

Based on the service providers, private service providers are dominating the market of Asia-Pacific Inbound Medical Tourism Market.

Private Service providers in the Asia-Pacific region have made major investments in cutting-edge technology and modern medical facilities. These facilities feature cutting-edge technology, sophisticated diagnostic instruments, and specialized treatment facilities that may meet a wide range of medical requirements. This dedication to innovation not only ensures the accessibility of top-notch medical care but also establishes private service providers as centers of excellence capable of handling complex and specific healthcare requirements. Private service providers are well-known for their simplified and effective business practices, which support their market dominance. Private service providers are well-equipped to facilitate quick consultations, appointments, and operations because patients from other countries frequently seek prompt medical assistance. With the use of technology, including telemedicine and digital health platforms, it is now possible to provide remote consultations and seamless contact to patients from across the world, regardless of their location. Additionally benefited by their adaptability and flexibility. They are able to act quickly in response to shifting patient demand, market conditions, and developing medical trends. Because of their flexibility, they are able to consistently improve the standards of their services, research new therapies, and establish themselves as leaders in medical innovation. Patients are often drawn to private service providers due to the appeal of privacy and confidentiality. Many people who seek medical care overseas prefer the secluded settings that private clinics offer, especially for delicate procedures like cosmetic surgery or fertility treatments.

Market Dynamics

• Market Drivers: Ayurveda, Traditional Chinese Medicine (TCM), and other traditional medical techniques, as well as indigenous healing systems, have a long history of use in many nations in the Asia-Pacific region. These holistic methods of wellness and preventive care, which can supplement traditional medical treatments, are drawing in patients from throughout the world. The Asia-Pacific area is a desirable location for medical tourists because of its various landscapes, rich cultural heritage, and lively traditions. Patients have the chance to travel and explore local sights while receiving medical treatment, learning about the history and culture of the area.
• Market Restraints: For international patients seeking medical care in the Asia-Pacific region, language limitations might be a problem. Accurate diagnosis, treatment, and postoperative care depend on effective patient and healthcare provider communication. Misunderstandings, delays, or even medical consequences can result from poor communication. Extended recuperation times are necessary for some medical procedures, and patients who have returned home may find it difficult to arrange for post-operative care and follow-up sessions. Long travel times might also make patients uncomfortable and present practical difficulties.
• Market Trends: A developing trend is the inclusion of wellness and holistic health therapies in medical tourism packages in addition to medical treatments. Offering a variety of medical procedures, spa services, yoga retreats, and dietary advice, many Asia-Pacific locations cater to travellers looking for a complete approach to health and wellness. International patients were becoming more and more interested in fertility treatments as assisted reproductive technology advanced. Thailand and India are becoming popular choices for couples looking for high-quality, affordable fertility treatments in the Asia-Pacific region.

Market Players Insights

Bumrungrad International Hospital, Seoul National University Hospital, KPJ Healthcare , NTT Medical Center Tokyo, Peking Union Medical College Hospital, Global Health Limited.

Considered in this report

• Geography: Asia-Pacific
• Historic year: 2017
• Base year: 2022
• Estimated year: 2023
• Forecast year: 2028

Aspects covered in this report

• Asia-Pacific Inbound Medical Tourism with its value and forecast along with its segments
• Country-wise Inbound Medical Tourism market analysis
• Various drivers and challenges
• On-going trends and developments
• Top profiled companies
• Strategic recommendation

Countries covered in the report

• China
• Japan
• India
• Australia
• South Korea
• Thailand
• Singapore
• Malaysia
• Taiwan

By Treatment Type

• Cancer Treatment / Oncology
• Cosmetic Treatment
• Orthopedics Treatment / Spine Treatment
• Cardiovascular Treatment
• Fertility Treatment / IVF Treatments
• Neurological Treatment
• Organ Transplant
• Bariatric Treatment
• Dental Treatment
• Alternative Treatment (Acupuncture, Ayurveda, Homeopathy, Naturopathy, Chinese or Oriental medicine, Chiropractic and osteopathic medicine, Massage, Body movement therapies, Tai chi, Yoga, Dietary supplements, Herbal medicine, Nutrition/diet, Electromagnetic therapy, Reiki, Qigong, Meditation, Biofeedback, Hypnosis, Art, dance, and music, Visualization and guided imagery, etc.)
• Ophthalmology Treatment
• Other Treatments (Dermatological treatments, ENT (Ear, Nose, and Throat) treatments, Allergy and Immunology treatments, Sleep disorder treatments, Mental health and psychological treatments, Urology, diabetology, Proctology, Vascular Surgery, etc.)

By Service Providers

• Private
• Public

The approach of the report

This report consists of a combined approach of primary and secondary research. Initially, secondary research was used to get an understanding of the market and list the companies that are present in it. The secondary research consists of third-party sources such as press releases, annual reports of companies, and government-generated reports and databases. After gathering the data from secondary sources, primary research was conducted by conducting telephone interviews with the leading players about how the market is functioning and then conducting trade calls with dealers and distributors of the market. Post this; we have started making primary calls to consumers by equally segmenting them in regional aspects, tier aspects, age group, and gender. Once we have primary data with us, we can start verifying the details obtained from secondary sources.

Intended audience

This report can be useful to industry consultants, manufacturers, suppliers, associations and organisations related to the Inbound Medical Tourism industry, government bodies, and other stakeholders to align their market-centric strategies. In addition to marketing and presentations, it will also increase competitive knowledge about the industry.