The global Medical Tourism Market size was valued at USD 44.9 billion in 2020 and is expected to grow at a compound annual growth rate CAGR of 21.2% from 2021 to 2027. Medical tourism is one of the world’s fastest-growing industries. People go to other countries for medical treatment and to be treated for health issues. Additionally, during the forecast period, greater awareness of sophisticated medical facilities is likely to be the most important driver driving the growth of the medical tourism market. In the medical and healthcare fields, developing countries are increasingly focused on technical advancements and high-quality services. cosmetic surgery operations are deemed elective, they are not covered by health insurance. Because cosmetic surgery is not covered by most health insurance policies and must be paid for out of cash, cheaper costs in other countries appeal to international patients. They save money by travelling to places and taking advantage of lower-cost therapy while enjoying leisure activities in the destination country. The availability of lower-cost treatment choices combined with higher-quality care is the key reason for the growing popularity of offshore medical tourism. Patients can save anywhere from 30% to 80% on their entire treatment expenditures. The key reason for lower treatment costs in medical tourism locations is the low cost and simple availability of manpower. Patients’ urgent medical needs prompt them to look for medical tourism destinations as a viable alternative. Advances in hospital administration have resulted in beneficial developments in the medical tourism industry. Hospitals are luring medical tourists by offering lavish accommodations and comfortable treatment alternatives. Following treatment, patients can take use of tourism amenities. Moreover, higher costs of treatments, longer time of waiting for medical procedures, availability of the improved medical technologies, increasing compliance on international quality standards, high quality of service, health insurance acceptance, low costs offered by the medical tourism, increase in awareness regarding the medical tourism due to marketing and advertisements are the major factors that are driving the growth of the global medical tourism market over the forecast timeframe.