Medical Tourism

Global Medical Tourism Market to Reach US$272.2 Billion by 2030

The global market for Medical Tourism estimated at US$129.6 Billion in the year 2024, is expected to reach US$272.2 Billion by 2030, growing at a CAGR of 13.2% over the analysis period 2024-2030. Cardiovascular, one of the segments analyzed in the report, is expected to record a 9.7% CAGR and reach US$47.1 Billion by the end of the analysis period. Growth in the Cancer segment is estimated at 12.9% CAGR over the analysis period.

The U.S. Market is Estimated at US$35.1 Billion While China is Forecast to Grow at 18.2% CAGR

The Medical Tourism market in the U.S. is estimated at US$35.1 Billion in the year 2024. China, the world`s second largest economy, is forecast to reach a projected market size of US$46.7 Billion by the year 2030 trailing a CAGR of 18.2% over the analysis period 2024-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 9.0% and 10.9% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 11.4% CAGR.

Global Medical Tourism Market - Key Trends & Drivers Summarized

Medical tourism involves traveling across international borders to obtain healthcare services, encompassing a wide range of treatments from elective procedures like cosmetic surgery to essential medical interventions such as cardiac surgery and cancer treatment. Patients opt for medical tourism primarily due to cost savings, the availability of advanced treatments, or shorter waiting times compared to their home countries. Popular destinations for medical tourism include countries like Thailand, India, Mexico, and Turkey, which are known for their high-quality healthcare facilities and skilled medical professionals. These countries often provide comprehensive packages that include medical procedures, accommodations, and even post-operative care, making the overall experience more convenient and attractive to international patients. The treatments range from a complete health check, to elective procedures including liposuction, rhinoplasty, breast augmentation and orthodontics and life-saving procedures including bone marrow transplants, joint replacements and bypass surgery.

Technological advancements and improvements in global healthcare standards have significantly contributed to the rise of medical tourism. Enhanced medical equipment, innovative surgical techniques, and improved patient care protocols have boosted the reputation of healthcare facilities in medical tourism hotspots. The integration of telemedicine and digital health records has further facilitated pre-treatment consultations and follow-up care, allowing for seamless communication between patients and healthcare providers across borders. Further, many medical tourism destinations are accredited by international healthcare organizations, ensuring that the facilities meet rigorous quality and safety standards. This assurance of quality, combined with the allure of receiving treatment while exploring new cultures and locations, has fueled the growth of the medical tourism industry.

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.

SCOPE OF STUDY:

The report analyzes the Medical Tourism market in terms of units by the following Segments, and Geographic Regions/Countries:

Segments:
Treatment Type (Cardiovascular, Cancer, Cosmetic, Orthopedic, Fertility, Other Treatment Types); Service Provider (Private, Public)

Geographic Regions/Countries:
World; USA; Canada; Japan; China; Europe; France; Germany; Italy; UK; Spain; Russia; Rest of Europe; Asia-Pacific; Australia; India; South Korea; Rest of Asia-Pacific; Latin America; Argentina; Brazil; Mexico; Rest of Latin America; Middle East; Iran; Israel; Saudi Arabia; UAE; Rest of Middle East; Africa.

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

TARIFF IMPACT FACTOR

Our new release incorporates impact of tariffs on geographical markets as we predict a shift in competitiveness of companies based on HQ country, manufacturing base, exports and imports (finished goods and OEM). This intricate and multifaceted market reality will impact competitors by artificially increasing the COGS, reducing profitability, reconfiguring supply chains, amongst other micro and macro market dynamics.

We are diligently following expert opinions of leading Chief Economists (14,949), Think Tanks (62), Trade & Industry bodies (171) worldwide, as they assess impact and address new market realities for their ecosystems. Experts and economists from every major country are tracked for their opinions on tariffs and how they will impact their countries.

We expect this chaos to play out over the next 2-3 months and a new world order is established with more clarity. We are tracking these developments on a real time basis.

As we release this report, U.S. Trade Representatives are pushing their counterparts in 183 countries for an early closure to bilateral tariff negotiations. Most of the major trading partners also have initiated trade agreements with other key trading nations, outside of those in the works with the United States. We are tracking such secondary fallouts as supply chains shift.

To our valued clients, we say, we have your back. We will present a simplified market reassessment by incorporating these changes!

APRIL 2025: NEGOTIATION PHASE

Our April release addresses the impact of tariffs on the overall global market and presents market adjustments by geography. Our trajectories are based on historic data and evolving market impacting factors.

JULY 2025 FINAL TARIFF RESET

Complimentary Update: Our clients will also receive a complimentary update in July after a final reset is announced between nations. The final updated version incorporates clearly defined Tariff Impact Analyses.

Reciprocal and Bilateral Trade & Tariff Impact Analyses:

USA
CHINA
MEXICO
CANADA
EU
JAPAN
INDIA
176 OTHER COUNTRIES.

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