Medical Tourism Market Size, Share, and Trends Report, 2030

Massive Cost Benefits to Healthcare Promotes Medical Tourism Market

The global medical tourism market has remained bullish through the years as it continues to facilitate medical solutions at an affordable rate. Cost benefits to healthcare have triggered a shift in way emerging economies are being perceived. The global rise in the number of patients and growing cost of healthcare at a simultaneous pace have fuelled the demand for medical tourism in recent years.

According to Patients Beyond Borders, medical tourism industry is projected to grow by 25% per year over the next decade. In 2018, 14 million medical tourists travelled countries around the world in pursuit of affordable healthcare.

COVID-19 Outbreak Anticipated to be Blessing in Disguise for Long-term Growth of Medical Tourism

The novel Coronavirus has put enormous strain on the healthcare systems world over, completely altering the shape and size of the medical tourism market in erratic ways. Many countries have announced temporary international travel restrictions, which shall completely hamper the growth momentum of health-related tourism and travel.

Many experts feel that once this initial wave of Coronavirus subsides and travel bans are lifted, medical tourism will continue its upward trajectory as a rapidly growing sector. This might come as blessing in disguise for depressed economies by pushing more travellers out the door in search of affordable and accessible healthcare options. Countries that handled the Coronavirus pandemic better will emerge as more desirable medical travel destinations over those that failed to have a timely response.

Globalization to Play a Key Role in Transforming Medical Tourism Industry into a Viable Alternative

All aspects of globalisation viz. economic, social, cultural, and technological have contributed to the growth of medical tourism market. The emergence of patient’s choice and changing forms of consumerism, even in countries that traditionally have public-funded services, have given the medical tourism industry a sizeable impetus. Open access to information and growth of diverse providers competing on quality and price have led to development of solutions for all kinds of medical demands. Also, the lack of availability of treatment in home countries, better quality of treatment overseas, provision of services by specialty medical professionals, faster treatment, and affordability of care are among the key drivers that motivate citizens to seek treatment outside.

There are many “market pull” factors instrumental in shaping patient’s decision to choose health tourism destination. Primary variables are abundance of good doctors and absence of political instability that drives such decision in combination with factors like tourist popularity, medical facility quality, hospital accreditation, healthcare costs, economic stability, and the overall environment of the destination.

Favourable Government Policies Supporting Medical Tourism Destinations

Worldwide, increasing number of governments are recognising the benefits that medical tourism can bring to their economies. They are devising favourable travel and tourism policies to integrate medical tourism as a vital sub-sector.

The Mexican state, of Baja California has implemented a public policy on Health and Wellness, aiming to promote health tourism in a responsible manner, protect patients’ rights and to ensure that all providers of health services are certified. India’s Ministry of Tourism has developed a policy focusing on medical tourism and has introduced a new category of ‘medical visa’. In the United Kingdom, the Medical Tourism Association (MTA) and Online Travel Training (OTT) have signed a partnership agreement with a goal to educate and engage the country’s travel agents in medical tourism.

Medical Tourism Brings Wealth to Developed As Well As Developing Economies Across Continents

The United States is the largest destination market for inbound medical tourism spending in 2019. The U.S. accounts for 36% of global medical tourism spending. France stood second with tourists spending US$800 Mn for medical purposes in 2019. Turkey, Thailand, Jordan, and Costa Rica are also among the largest countries in terms of total inbound medical tourism spending.

Turkey’s strong performance has been supported by sustained government investment into the healthcare sector, low-cost services, well-educated personnel, and focussed marketing campaigns. Similarly, the government in Thailand is boosting medical tourism through investment initiatives including tax exemptions for investment into new health facilities.

The aforementioned six countries, along with Belgium and the United Kingdom, contributed nearly 3/4^th of total global medical tourism spending in 2019, indicating the highly concentrated nature of the market dominated by a small number of destination markets.

Key Players in the Global Medical Tourism Market are:

Aditya Birla Health Services Limited, Apollo Hospitals Enterprise Limited, Asian Heart Institute & Research Centre Pvt. Ltd., Barbados Fertility Center, BB Healthcare Solutions Ltd., Fortis Healthcare Limited, Healthbase, KPJ Healthcare Berhad, Prince Court Medical Centre Sdn Bhd, Samitivej Hospital Group, Seoul National University Hospital, UZ Leuven, Gleneagles Hospital, and Hospital Universitario de Madrid.

Key Elements Included In The Study: Global Medical Tourism Market

Medical Tourism Market by Product/Technology/Grade, Application/End-user, and Region
Executive Summary (Opportunity Analysis and Key Trends)
Historical Market Size and Estimates, Value, 2019 - 2022
Market Value at Regional and Country Level, 2023 - 2030
Market Dynamics and Economic Overview
Market Size in Value, Growth Rates, and Forecast Figures, 2023 - 2030
Competitive Intelligence with Financials, Key Developments, and Portfolio of Leading Companies
Regional and Product/Grade/Application/End-user Price Trends Analysis
Value Chain and Five Force’s Analysis
Regional/Sub-region/Country Market Size and Trend Analysis
Company Market Share Analysis and Key Player Profiles

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1. Executive Summary
1.1. Global Medical Tourism Market Outlook, 2019 - 2030 (US$ Million and Number of Patients in Thousand)
1.2. Global Medical Tourism Market Incremental Opportunity, 2019 - 2030 (US$ Million)
1.3. Key Industry Trends

2. Market Overview
2.1. Market Definitions and Segmentations
2.2. Market Dynamics
2.2.1. Drivers
2.2.1.1. Driver 1
  2.2.1.2. Driver 2
  2.2.2. Restraints
  2.2.2.1. Restraint 1
  2.2.2.2. Restraint 2
  2.2.3. Market Opportunities Matrix
2.3. Regulatory Guidelines
2.4. Reimbursement Scenario
2.5. Covid-19 Impact Analysis

3. Medical Tourism Prices in Selected Countries, 2022

4. Global Medical Tourism Market Outlook, 2019 - 2030
4.1. Global Medical Tourism Market Outlook, by Treatment, Value (US$ Mn) and Volume (No. of Patients in Thousand), 2019 - 2030
  4.1.1. Key Highlights
  4.1.1.1. Cosmetic surgery
  4.1.1.2. Dentistry
  4.1.1.3. Cardiac Surgery
  4.1.1.4. Orthopedic Surgery
  4.1.1.5. Neurology
  4.1.1.6. Oncology
  4.1.1.7. Fertility
  4.1.1.8. Eye Surgery
  4.1.1.9. Others
  4.1.2. BPS Analysis/Market Attractiveness Analysis

5. Global Medical Tourism Market Outlook, 2019 - 2030
5.1. Global Medical Tourism Market Outlook, by Service Type, Value (US$ Mn) and Volume (No. of Patients in Thousand), 2019 - 2030
  5.1.1. Key Highlights
  5.1.1.1. Wellness Treatment
  5.1.1.2. Medical Treatment
  5.1.1.3. Alternative Medicine
  5.1.1.4. Others
  5.1.2. BPS Analysis/Market Attractiveness Analysis
5.2. Global Medical Tourism Market Outlook, by Service Provider, Value (US$ Mn) and Volume (No. of Patients in Thousand), 2019 - 2030
  5.2.1. Key Highlights
  5.2.1.1. Private
  5.2.1.2. Public
  5.2.2. BPS Analysis/Market Attractiveness Analysis
5.3. Global Medical Tourism Market Outlook, by Region, Value (US$ Mn) and Volume (No. of Patients in Thousand), 2019 - 2030
  5.3.1. Key Highlights
  5.3.1.1. North America
  5.3.1.2. Europe
  5.3.1.3. Asia Pacific
  5.3.1.4. Latin America
  5.3.1.5. Middle East & Africa
  5.3.2. BPS Analysis/Market Attractiveness Analysis

6. North America Medical Tourism Market Outlook, 2019 - 2030
6.1. North America Medical Tourism Market Outlook, by Treatment, Value (US$ Mn) and Volume (No. of Patients in Thousand), 2019 - 2030
  6.1.1. Key Highlights
  6.1.1.1. Cosmetic surgery
  6.1.1.2. Dentistry
  6.1.1.3. Cardiac Surgery
  6.1.1.4. Orthopedic Surgery
  6.1.1.5. Neurology
  6.1.1.6. Oncology
  6.1.1.7. Fertility
  6.1.1.8. Eye Surgery
  6.1.1.9. Others
  6.1.2. BPS Analysis/Market Attractiveness Analysis
6.2. North America Medical Tourism Market Outlook, by Service Type, Value (US$ Mn) and Volume (No. of Patients in Thousand), 2019 - 2030
  6.2.1. Key Highlights
  6.2.1.1. Wellness Treatment
  6.2.1.2. Medical Treatment
  6.2.1.3. Alternative Medicine
  6.2.2. BPS Analysis/Market Attractiveness Analysis
6.3. North America Medical Tourism Market Outlook, by Service Provider, Value (US$ Mn) and Volume (No. of Patients in Thousand), 2019 - 2030
  6.3.1. Key Highlights
  6.3.1.1. Private
  6.3.1.2. Public
  6.3.2. BPS Analysis/Market Attractiveness Analysis
6.4. North America Medical Tourism Market Outlook, by Country, Value (US$ Mn) and Volume (No. of Patients in Thousand), 2019 - 2030
  6.4.1. Key Highlights
  6.4.1.1. U.S.
  6.4.1.2. Canada
  6.4.2. BPS Analysis/Market Attractiveness Analysis

7. Europe Medical Tourism Market Outlook, 2019 - 2030
7.1. Europe Medical Tourism Market Outlook, by Treatment, Value (US$ Mn) and Volume (No. of Patients in Thousand), 2019 - 2030
  7.1.1. Key Highlights
  7.1.1.1. Cosmetic surgery
  7.1.1.2. Dentistry
  7.1.1.3. Cardiac Surgery
  7.1.1.4. Orthopedic Surgery
  7.1.1.5. Neurology
  7.1.1.6. Oncology
  7.1.1.7. Fertility
  7.1.1.8. Eye Surgery
  7.1.1.9. Others
  7.1.2. BPS Analysis/Market Attractiveness Analysis
7.2. Europe Medical Tourism Market Outlook, by Service Type, Value (US$ Mn) and Volume (No. of Patients in Thousand), 2019 - 2030
  7.2.1. Key Highlights
  7.2.1.1. Wellness Treatment
  7.2.1.2. Medical Treatment
  7.2.1.3. Alternative Medicine
  7.2.2. BPS Analysis/Market Attractiveness Analysis
7.3. Europe Medical Tourism Market Outlook, by Service Provider, Value (US$ Mn) and Volume (No. of Patients in Thousand), 2019 - 2030
  7.3.1. Key Highlights
  7.3.1.1. Private
  7.3.1.2. Public
  7.3.2. BPS Analysis/Market Attractiveness Analysis
7.4. Europe Medical Tourism Market Outlook, by Country, Value (US$ Mn) and Volume (No. of Patients in Thousand), 2019 - 2030
  7.4.1. Key Highlights
  7.4.1.1. Germany
  7.4.1.2. France
  7.4.1.3. U.K.
  7.4.1.4. Italy
  7.4.1.5. Spain
  7.4.1.6. Rest of Europe
  7.4.2. BPS Analysis/Market Attractiveness Analysis

8. Asia Pacific Medical Tourism Market Outlook, 2019 - 2030
8.1. Asia Pacific Medical Tourism Market Outlook, by Treatment, Value (US$ Mn) and Volume (No. of Patients in Thousand), 2019 - 2030
  8.1.1. Key Highlights
  8.1.1.1. Cosmetic surgery
  8.1.1.2. Dentistry
  8.1.1.3. Cardiac Surgery
  8.1.1.4. Orthopedic Surgery
  8.1.1.5. Neurology
  8.1.1.6. Oncology
  8.1.1.7. Fertility
  8.1.1.8. Eye Surgery
  8.1.1.9. Others
  8.1.2. BPS Analysis/Market Attractiveness Analysis
8.2. Asia Pacific Medical Tourism Market Outlook, by Service Type, Value (US$ Mn) and Volume (No. of Patients in Thousand), 2019 - 2030
  8.2.1. Key Highlights
  8.2.1.1. Wellness Treatment
  8.2.1.2. Medical Treatment
  8.2.1.3. Alternative Medicine
  8.2.2. BPS Analysis/Market Attractiveness Analysis
8.3. Asia Pacific Medical Tourism Market Outlook, by Service Provider, Value (US$ Mn) and Volume (No. of Patients in Thousand), 2019 - 2030
  8.3.1. Key Highlights
  8.3.1.1. Private
  8.3.1.2. Public
  8.3.2. BPS Analysis/Market Attractiveness Analysis
8.4. Asia Pacific Medical Tourism Market Outlook, by Country, Value (US$ Mn) and Volume (No. of Patients in Thousand), 2019 - 2030
  8.4.1. Key Highlights
  8.4.1.1. China
  8.4.1.2. India
  8.4.1.3. Indonesia
  8.4.1.4. Thailand
  8.4.1.5. Malaysia
  8.4.1.6. Taiwan
  8.4.1.7. Singapore
  8.4.1.8. South Korea
  8.4.1.9. Rest of Asia Pacific
  8.4.2. BPS Analysis/Market Attractiveness Analysis

9. Latin America Medical Tourism Market Outlook, 2019 - 2030
9.1. Latin America Medical Tourism Market Outlook, by Treatment, Value (US$ Mn) and Volume (No. of Patients in Thousand), 2019 - 2030
  9.1.1. Key Highlights
  9.1.1.1. Cosmetic surgery
  9.1.1.2. Dentistry
  9.1.1.3. Cardiac Surgery
  9.1.1.4. Orthopedic Surgery
  9.1.1.5. Neurology
  9.1.1.6. Oncology
  9.1.1.7. Fertility
  9.1.1.8. Eye Surgery
  9.1.1.9. Others
  9.1.2. BPS Analysis/Market Attractiveness Analysis
9.2. Latin America Medical Tourism Market Outlook, by Service Type, Value (US$ Mn) and Volume (No. of Patients in Thousand), 2019 - 2030
  9.2.1. Key Highlights
  9.2.1.1. Wellness Treatment
  9.2.1.2. Medical Treatment
  9.2.1.3. Alternative Medicine
  9.2.2. BPS Analysis/Market Attractiveness Analysis
9.3. Latin America Medical Tourism Market Outlook, by Service Provider, Value (US$ Mn) and Volume (No. of Patients in Thousand), 2019 - 2030
  9.3.1. Key Highlights
  9.3.1.1. Private
  9.3.1.2. Public
  9.3.2. BPS Analysis/Market Attractiveness Analysis
9.4. Latin America Medical Tourism Market Outlook, by Country, Value (US$ Mn) and Volume (No. of Patients in Thousand), 2019 - 2030
  9.4.1. Key Highlights
  9.4.1.1. Brazil
  9.4.1.2. Mexico
  9.4.1.3. Colombia
  9.4.1.4. Others
  9.4.2. BPS Analysis/Market Attractiveness Analysis

10. Middle East & Africa Medical Tourism Market Outlook, 2019 - 2030
10.1. Middle East & Africa Medical Tourism Market Outlook, by Treatment, Value (US$ Mn) and Volume (No. of Patients in Thousand), 2019 - 2030
  10.1.1. Key Highlights
  10.1.1.1. Cosmetic surgery
  10.1.1.2. Dentistry
  10.1.1.3. Cardiac Surgery
  10.1.1.4. Orthopedic Surgery
  10.1.1.5. Neurology
  10.1.1.6. Oncology
  10.1.1.7. Fertility
  10.1.1.8. Eye Surgery
  10.1.1.9. Others
  10.1.2. BPS Analysis/Market Attractiveness Analysis
10.2. Middle East & Africa Medical Tourism Market Outlook, by Service Type, Value (US$ Mn) and Volume (No. of Patients in Thousand), 2019 - 2030
  10.2.1. Key Highlights
  10.2.1.1. Wellness Treatment
  10.2.1.2. Medical Treatment
  10.2.1.3. Alternative Medicine
  10.2.2. BPS Analysis/Market Attractiveness Analysis
10.3. Middle East & Africa Medical Tourism Market Outlook, by Service Provider, Value (US$ Mn) and Volume (No. of Patients in Thousand), 2019 - 2030
  10.3.1. Key Highlights
  10.3.1.1. Private
  10.3.1.2. Public
  10.3.2. BPS Analysis/Market Attractiveness Analysis
10.4. Middle East & Africa Medical Tourism Market Outlook, by Country, Value (US$ Mn) and Volume (No. of Patients in Thousand), 2019 - 2030
  10.4.1. Key Highlights
  10.4.1.1. GCC Countries
  10.4.1.2. South Africa
  10.4.1.3. Rest of Middle East & Africa
  10.4.2. BPS Analysis/Market Attractiveness Analysis

11. Competitive Landscape
11.1. Company Market Share Analysis
11.2. Company Profiles
  11.2.1. Apollo Hospitals
  11.2.1.1. Overview
  11.2.1.2. Financial Overview
  11.2.1.3. Services/Treatment Offerings
  11.2.1.4. Recent Developments
*Above details will include, but not be limited to below list of companies based on availability
  11.2.2. Curotrip
  11.2.3. Euromedical Tours
  11.2.4. Teknon Medical Center
  11.2.5. Prince Court Medical Centre
  11.2.6. NTT Medical Center Tokyo
  11.2.7. Sourasky Medical Center (Ichilov)
  11.2.8. Samsung Medical Center
  11.2.9. KPJ Healthcare Berhad
  11.2.10. Bangkok Chain Hospitals
  11.2.11. Asian Heart Institute
  11.2.12. Others

12. Appendix
12.1. Research Methodology
12.2. Report Assumptions
12.3. Acronyms and Abbreviations

BASE YEAR		HISTORICAL DATA		FORECAST PERIOD		UNITS
	2022		2018 - 2022		2023 - 2030	Value: US$ Million Volume: Thousands

REPORT FEATURES	DETAILS
Treatment	Cosmetic Surgery Dentistry Cardiac Surgery Neurology Oncology Fertility Eye Surgery Others
Service Type	Wellness Treatment Medical Treatment Alternative Medicine Other
Service Provider	Private Public
Geographic Coverage	North America United States Canada Europe United Kingdom Germany France Italy Spain Rest of Europe Asia Pacific China India Indonesia Thailand Malaysia Taiwan Singapore South Korea Rest of Asia Pacific Latin America Brazil Mexico Colombia Rest of Latin America Middle East & Africa GCC Countries South Africa Rest of Middle East & Africa
Leading Companies	Apollo Hospitals Curotrip Euromedical Tours Teknon Medical Center NTT Medical Center Tokyo Sourasky Medical Center (Ichilov) Samsung Medical Center KPJ Healthcare Berhad Bangkok Chain Hospitals Asian Heart Institute Others
Report Highlights	Key Market Indicators, Market Estimates and Forecast Value, Market Dynamics, Regulatory Guidelines, COVID-19 Impact Analysis, Regional and Country Insights, Competitive Landscape, Company Profiles

Medical Tourism Market

Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2023-2030 - By Product, Technology, Grade, Application, End-user, Region: (North America, Europe, Asia Pacific, Latin America and Middle East and Africa)

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