Medical Tourism Market: By Treatment Type and Region Forecast 2019-2030

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Medical Tourism Market Size, Share, Growth, Trends, and Global Industry Analysis: By Treatment Type (Cosmetic Treatment, Dental Treatment, Cardiovascular Treatment, Orthopedics Treatment, Bariatric Treatment, Fertility Treatment, Ophthalmic Treatment, and Others) and Region Forecast 2019-2030

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Medical Tourism Market size was valued at US$ 22,306.9 million in 2023 and is poised to grow at a significant CAGR of 12.5% from 2024-2030. People who travel overseas for medical treatment are known as medical tourists. This used to refer to people who traveled from underdeveloped nations to major medical centers in rich countries seeking treatment that was not available at home. The fertility segment of the market is anticipated to show the fastest growth in the forecasting period. One of the most frequent therapies for which medical tourists choose to go across foreign boundaries is fertility therapy.

According to internal records from Nova IVF Fertility, roughly 49% of overseas patients came from various regions of Asia, and 23% were from Africa. The percentage of patients from Africa increased by 44% last year compared to the previous year. In Turkey, an IVF treatment package costs $2,650, much cheaper than in the US. Turkey is a prominent center for modern medical treatments and procedures. People from many nations visit this country for superior medical care since it has sections on two continents Europe and Asia and is close to the Middle East. The market is growing due to factors such as immediate treatment, affordability and cost-effectiveness, travel opportunities, availability of medical experts, no or limited insurance coverage, and availability of advanced equipment.

Key Developments

  • In July 2020 Medical Tourism Association Partners with Korea Tourism Organization to extend South Korean Global Medical Services after Successful COVID-19 Containment
  • In July 2021, the Ministry of Tourism established the National Medical & Wellness Tourism Board to promote Medical and Wellness Tourism in India.  

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Medical Tourism Market Summary

Study Period

2024-2030

Base Year

2023

CAGR

12.5%

Largest Market

Asia-Pacific

Fastest Growing Market

Europe

Medical Tourism Market Dynamics

The market is expected to offer lucrative opportunities due to the availability of lower-cost treatment options mixed with higher-quality care. The cheap cost and easy availability of people is the main factor for lower treatment costs in the market. According to a report, the total fare for the heart bypass surgery is $7,000 in India, $12,100 in Malaysia, $13,900 in turkey, $15,000 in Thailand, $17,000 in Singapore in addition many hospitals have a more extensive network to engage with pay reimbursement activities through medical claims and insurance which is the advantage factor of medical tourism. In addition, the availability of low-cost cosmetic surgery and treatment facilities is increasing the region's medical tourism boom due to cosmetic procedures are not covered by health insurance, consumers are increasingly turning to the Asia Pacific for low-cost cosmetic treatments.

Medical Tourism Market Segmentation Analysis

Report Benchmarks

Details

Report Study Period

2024-2030

Market Size in 2023

US$ 22,306.9 million

Market CAGR

12.5%

By Treatment Type

  • Cosmetic Treatment
  • Dental Treatment
  • Cardiovascular Treatment
  • Orthopedics Treatment
  • Bariatric Treatment
  • Fertility Treatment
  • Ophthalmic Treatment
  • Others

By Region

  • North America (U.S., Canada)
  • Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
  • Asia-Pacific (China, India, Japan, Australia, Southeast Asia, Rest of Asia Pacific)
  • Latin America (Mexico, Brazil, Argentina, Columbia, Rest of Latin America)
  • Middle East & Africa (GCC, Egypt, Nigeria, South Africa, Rest of Middle East and Africa)

Key Features of the Report

  • The medical tourism market report provides granular level information about the market size, regional market share, historic market (2019-2023), and forecast (2024-2030)
  • The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and their key strategies
  • The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
  • The report tracks recent innovations, key developments, and start-up details that are actively working in the market
  • The report provides a plethora of information about market entry strategies, regulatory framework, and reimbursement scenario
  • The report analyses the impact of the socio-political environment through PESTLE Analysis and competition through Porter's Five Force Analysis.

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Frequently Asked Questions

The medical tourism market size was valued at US$ 22,306.9 million in 2023 and is set to grow at a significant CAGR of 12.5% from 2024-2030.

Apollo Hospitals Enterprise Limited, Asian Heart Institute, Barbados Fertility Center, Fortis Healthcare Limited,, KPJ Healthcare Berhad, NTT Medical Center Tokyo, Prince Court Medical Centre,

Europe is the fastest-growing region in the market

Author image

Author

Muni Kumar Meravath

Muni Kumar Meravath is a seasoned Healthcare Market Research Analyst with over 6 years of experience in the healthc.....

1. Executive Summary
2. Global Medical Tourism Market Introduction 
2.1.Global Medical Tourism Market  - Taxonomy
2.2.Global Medical Tourism Market  - Definitions
2.2.1.Treatment Type
2.2.2.Region
3. Global Medical Tourism Market Dynamics
3.1. Drivers
3.2. Restraints
3.3. Opportunities/Unmet Needs of the Market
3.4. Trends
3.5. Product Landscape
3.6. New Product Launches
3.7. Impact of COVID 19 on Market
4. Global Medical Tourism Market Analysis, 2019 - 2023 and Forecast 2024 - 2030
4.1.  Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
4.2.  Year-Over-Year (Y-o-Y) Growth Analysis (%) 
4.3.  Market Opportunity Analysis 
5. Global Medical Tourism Market  By Treatment Type, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
5.1. Cosmetic Treatment
5.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
5.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.1.3. Market Opportunity Analysis 
5.2. Dental Treatment
5.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
5.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.2.3. Market Opportunity Analysis 
5.3. Cardiovascular Treatment
5.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
5.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.3.3. Market Opportunity Analysis 
5.4. Orthopedics Treatment
5.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
5.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.4.3. Market Opportunity Analysis 
5.5. Bariatric Treatment
5.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
5.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.5.3. Market Opportunity Analysis 
5.6. Fertility Treatment
5.6.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
5.6.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.6.3. Market Opportunity Analysis 
5.7. Ophthalmic Treatment
5.7.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
5.7.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.7.3. Market Opportunity Analysis 
5.8. Others
5.8.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
5.8.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.8.3. Market Opportunity Analysis 
6. Global Medical Tourism Market  By Region, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
6.1. North America
6.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
6.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.1.3. Market Opportunity Analysis 
6.2. Europe
6.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
6.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.2.3. Market Opportunity Analysis 
6.3. Asia Pacific (APAC)
6.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
6.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.3.3. Market Opportunity Analysis 
6.4. Middle East and Africa (MEA)
6.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
6.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.4.3. Market Opportunity Analysis 
6.5. Latin America
6.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
6.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.5.3. Market Opportunity Analysis 
7. North America Medical Tourism Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
7.1. Treatment Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
7.1.1.Cosmetic Treatment
7.1.2.Dental Treatment
7.1.3.Cardiovascular Treatment
7.1.4.Orthopedics Treatment
7.1.5.Bariatric Treatment
7.1.6.Fertility Treatment
7.1.7.Ophthalmic Treatment
7.1.8.Others
7.2.  Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
7.2.1.United States of America (USA)
7.2.2.Canada
8. Europe Medical Tourism Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
8.1. Treatment Type Analysis  and Forecast  by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
8.1.1.Cosmetic Treatment
8.1.2.Dental Treatment
8.1.3.Cardiovascular Treatment
8.1.4.Orthopedics Treatment
8.1.5.Bariatric Treatment
8.1.6.Fertility Treatment
8.1.7.Ophthalmic Treatment
8.1.8.Others
8.2.  Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
8.2.1.Germany
8.2.2.France
8.2.3.Italy
8.2.4.United Kingdom (UK)
8.2.5.Spain
8.2.6.Rest of EU
9. Asia Pacific (APAC) Medical Tourism Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
9.1. Treatment Type Analysis  and Forecast  by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
9.1.1.Cosmetic Treatment
9.1.2.Dental Treatment
9.1.3.Cardiovascular Treatment
9.1.4.Orthopedics Treatment
9.1.5.Bariatric Treatment
9.1.6.Fertility Treatment
9.1.7.Ophthalmic Treatment
9.1.8.Others
9.2.  Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
9.2.1.China
9.2.2.India
9.2.3.Australia and New Zealand (ANZ)
9.2.4.Japan
9.2.5.Rest of APAC
10. Middle East and Africa (MEA) Medical Tourism Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
10.1. Treatment Type Analysis  and Forecast  by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
10.1.1.Cosmetic Treatment
10.1.2.Dental Treatment
10.1.3.Cardiovascular Treatment
10.1.4.Orthopedics Treatment
10.1.5.Bariatric Treatment
10.1.6.Fertility Treatment
10.1.7.Ophthalmic Treatment
10.1.8.Others
10.2.  Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
10.2.1.GCC Countries
10.2.2.South Africa
10.2.3.Rest of MEA
11. Latin America Medical Tourism Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
11.1. Treatment Type Analysis  and Forecast  by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
11.1.1.Cosmetic Treatment
11.1.2.Dental Treatment
11.1.3.Cardiovascular Treatment
11.1.4.Orthopedics Treatment
11.1.5.Bariatric Treatment
11.1.6.Fertility Treatment
11.1.7.Ophthalmic Treatment
11.1.8.Others
11.2.  Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
11.2.1.Brazil
11.2.2.Mexico
11.2.3.Rest of LA
12. Competition Landscape
12.1.  Market Player Profiles (Introduction, Brand/Product Sales, Financial Analysis, Product Offerings, Key Developments, Collaborations, M & A, Strategies, and SWOT Analysis) 
12.2.1.Aditya Birla Memorial Hospital,
12.2.2.Apollo Hospitals Enterprise Limited,
12.2.3.Asian Heart Institute,
12.2.4.Barbados Fertility Center,
12.2.5.Fortis Healthcare Limited,
12.2.6.KPJ Healthcare Berhad,
12.2.7.NTT Medical Center Tokyo,
12.2.8.Prince Court Medical Centre,
12.2.9.Samitivej PCL,
12.2.10.Seoul National University Hospital,
12.2.11.Wooridul Spine Hospital.
13. Research Methodology 
14. Appendix and Abbreviations 

Key Market Players

  • Aditya Birla Memorial Hospital,
  • Apollo Hospitals Enterprise Limited,
  • Asian Heart Institute,
  • Barbados Fertility Center,
  • Fortis Healthcare Limited,
  • KPJ Healthcare Berhad,
  • NTT Medical Center Tokyo,
  • Prince Court Medical Centre,
  • Samitivej PCL,
  • Seoul National University Hospital,
  • Wooridul Spine Hospital.

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