Medical Tourism Market size was valued at USD 30 Billion in 2024 and is forecasted to grow at a CAGR of 8.5% from 2026 to 2033, reaching USD 60 Billion by 2033.
In 2022, the global medical tourism market was valued at USD 41.30 billion, with projections indicating growth to USD 192.91 billion by 2026, reflecting a compound annual growth rate (CAGR) of 29.29%. The Asia Pacific region held a significant portion of this market, with Thailand emerging as a leading destination, accounting for 24.40% of the global share. Factors contributing to Thailands prominence include an extensive network of over 450 private hospitals offering affordable and high quality healthcare services. India also played a pivotal role, with its medical tourism market valued at USD 1.7 billion in 2022 and projected to reach USD 6.83 billion by 2030, growing at a CAGR of 19%. This growth is largely driven by the countrys emphasis on wellness services such as yoga, Ayurveda, and meditation, attracting individuals seeking alternative treatments. North America is anticipated to experience substantial growth in the medical tourism sector, fueled by the increasing demand for online medical agencies and the digitalization of healthcare services. In Europe, countries like Germany are witnessing significant expansion, with the German medical tourism market valued at USD 0.56 billion in 2022 and expected to reach USD 2.10 billion by 2030, at a CAGR of 18%. This growth is attributed to advancements in healthcare IT infrastructure and the rising accessibility of virtual care. Latin America is also emerging as a notable player, with Mexico offering medical services at costs up to 75% lower than those in the United States, making it an attractive destination for North American patients seeking affordable care.
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Pantai Holdings Berhad
KPJ Healthcare Berhad
Dentalpro
P Inc Court Medical Centre
Island Hospital
IJN Health Institute
Mahkota Medical Centre
Sunway Medical Centre
LohGuanLye Specialists Centre
Tropicana Medical Centre
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Medical Tourism Market
Cosmetic Surgery
Orthopedic Treatment
Cardiology Services
Dental Services
Fertility Treatment
Weight Loss Surgery
Neurological Treatment
Ophthalmic Services
Cardiology
Orthopedics
Neurology
Oncology
Cosmetic and Aesthetic Surgery
Fertility
Ophthalmology
Gastroenterology
Pediatrics
Young Adults
Middle-aged Adults
Senior Citizens
Elective Procedures
Emergent/Non-Emergent Treatments
Medical Checkups
Rehabilitation
Short-Term (Up to 7 days)
Medium-Term (7 to 14 days)
Long-Term (More than 14 days)
US (United States, US and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Medical Tourism Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Medical Tourism Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Medical Tourism Market, By Type
6. Global Medical Tourism Market, By Application
7. Global Medical Tourism Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Global Medical Tourism Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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