With a CAGR of 19.1%, the medical tourism market will reach USD 98.5

Dallas, Texas, Oct. 20, 2022 (GLOBE NEWSWIRE) — Medical tourism has become a mainstream phenomenon over the past few decades. Innovative and cutting-edge innovations in medical technology have led to an increased importance of medical tourism. The significant element contributing to the growth of medical tourism industry is the patient’s journey abroad in search of medical care and treatment. This is due to the shift to patients from developed countries and the wealthier classes traveling to less developed countries to access cheaper health services and low cost treatments.

The global medical tourism market is estimated to reach USD 98.5 billion by 2030 with a CAGR of 19.1% during the forecast years 2022-2030.

In addition, new infrastructure has enabled affordable and accessible travel, and readily available sources of information have made medical tourism more important worldwide. In addition, the private and public corporate sectors have been instrumental in promoting and investing in medical tourism. Medical tourism is valued more by government and private investors as a potentially lucrative source of foreign revenue. These developments indicate a positive trend in the global medical tourism market.

Scope of the Global Medical Tourism Market:

Metric Details
Study period 2020-2030
Market size in 2030 $98.5 billion
Segment covered by type of treatment, by region,
by type of treatment covered Cardiovascular treatment, Cancer treatment, Fertility treatment, Neurological treatment, Orthopedic treatment, Aesthetic treatment, Dental treatment, Other treatments
Regions covered North America, Europe, Asia-Pacific, South America, Middle East and Africa
Profiled Key Players Bumrungrad International Hospital, Asian Heart Association, Bangkok Hospital, Samitivej PCL, Yanhee International Hospital, Apollo Hospitals Enterprise Ltd., Fortis Hospital, Artemis Hospitals, Mexicali Bariatric Center, Sunway Medical Center, NTT Medical Center Tokyo, Singapore Vita Agency and Wooridul Spine Hospital among others

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Despite considerable interest and coverage, global medical tourism is affected by various factors. Quality of care, safety, risk, patient dissatisfaction, unexpected clinical outcomes and lack of continuity of care are the key factors. Additionally, privacy and confidentiality, infections, cross-border spread of antimicrobial resistance and dangerous pathogens, inconsistencies in external quality assessment and accreditation are also impacting the market growth world of medical tourism.

However, developing industry regulatory regimes, transnational disease patterns, increasing patient mobility due to low cost airlines, advances in medical technology, changing cultural attitudes and the development of the industry are key forces that are expected to be a growth opportunity for the global medical tourism market.. In addition, innovative and pioneering forms of treatment, significant bilateral trade between countries, advertising practices and geopolitical changes are all other factors that have made the medical tourism industry dynamic and volatile.

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The global medical tourism market is categorized into eye surgery, organ, cell and tissue transplantation, fertility, bariatric surgery, orthopedic surgery, cardiology, dentistry, cosmetic surgery and others on the basis of treatment type.. Among these, the cosmetic surgery segment is the largest segment of the medical tourism segment that generates the highest revenue.

Overall, the medical tourism market is dominated by North America. Key drivers are changing consumer preferences, and governments promoting their healthcare institutions to emerging consumers are helping North America grow. In addition, attempts are made to promote cultural, heritage and recreational opportunities. Interestingly, some destinations have been marketed as healthcare cities, which has made North American countries, especially the United States, more popular in the medical tourism industry.

Here are the most innovative and forward-thinking trends in the medical tourism market:

  • Recent 5G technology has intensified the progress of the global medical tourism market. The adoption of IR 4.0 technologies is likely to make treatment abroad more affordable and accessible. Health records are expected to be easily accessible, secure and in real time.

Important points from the table of contents:

1. Introduction
2. Research methodology
3. Market Outlook
4. Global thermal paper market by applications, 2019-2029 (USD billion)
5. Global thermal paper market by region, 2019-2029 (USD Billion)
8.1. North America
8.1.1. United States
8.1.2. Canada
8.2. Europe
8.2.1. Great Britain
8.2.2. Germany
8.2.3. France
8.2.4. The rest of Europe
8.3. Asia Pacific
8.3.1. China
8.3.2. Japan
8.3.3. India
8.3.4. Rest of Asia-Pacific
8.4. South America
8.4.1. Brazil
8.4.2. Mexico
8.4.3. Rest of South America
8.5. The Middle East and Africa
9. Competitive landscape
10. Company Profiles
11. Appendix

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