Medical Tourism Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Medical Tourism Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

The global medical tourism market reached a value of US$ 81.1 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 273.7 Billion by 2027, exhibiting a CAGR of 22.98% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic. These insights are included in the report as a major market contributor.

Medical tourism refers to organized travel across countries to receive medical treatment. It usually involves traveling abroad for maintenance, enhancement or restoration of health through advanced healthcare facilities and treatment methods. The services are often availed for elective surgeries and the treatment of various dental, cosmetic, cardiovascular, orthopaedic and neurological diseases, along with other critical ailments, such as cancer. They also enable the patients to receive high-quality treatment and other healthcare facilities at affordable costs.

The thriving medical industry across the globe is one of the key factors driving the growth of the market. Patients are increasingly adopting medical migration, owing to high treatment expenditures for chronic ailments in several developed nations. Furthermore, the availability of state-of-the-art medical facilities at affordable costs in various developing countries is attracting patients from all over the world. Healthcare centers are focusing on providing improved healthcare, innovative medicines, modern devices and personalized care to patients, thereby providing a boost to the market. Additionally, healthcare organizations and centers are also offering comprehensive medical tourism packages to patients, which include all travel-related services ranging from ticket booking to accommodation and medical insurance. Moreover, growing consumer awareness regarding the availability of advanced medical facilities is another factor favoring the market growth. Other factors, including the implementation of favourable government policies promoting the growth of the medical infrastructure and extensive research and development (R&D) activities, are projected to drive the market further.

Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global medical tourism market, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on treatment type.

Breakup by Treatment Type:

Cosmetic Treatment
Dental Treatment
Cardiovascular Treatment
Orthopaedic Treatment
Bariatric Surgery
Fertility Treatment
Ophthalmic Treatment

Among these, cosmetic treatment represents the dominant market segment, accounting for the majority of the total market share. Since cosmetic treatments are considered to be elective procedures, their costs are not covered by medical insurance plans. The cost of cosmetic procedures, however, are considerably lower in numerous developing countries, which has impelled individuals to opt for medical tourism in order to access better quality healthcare services at affordable prices.

Breakup by Region:

North America
United States
Asia Pacific
South Korea
United Kingdom
Czech Republic
Latin America
Costa Rica
Middle East and Africa

At present, Asia Pacific holds the leading position in the market.

Competitive Landscape:
The competitive landscape of the industry has also been examined with some of the medical tourism compaines being Aditya Birla Memorial Hospital, Apollo Hospitals Enterprise Limited, Asian Heart Institute, Barbados Fertility Center, BB Healthcare Solutions., Fortis Healthcare, Healthbase, KPJ Healthcare Berhad, Prince Court Medical Centre, Samitivej, Seoul National University Hospital, UZ Leuven, etc.
Key Questions Answered in This Report
1. What is the global medical tourism market growth?
2. What are the global medical tourism market drivers?
3. What are the key industry trends in the global medical tourism market?
4. What is the impact of COVID-19 on the global medical tourism market?
5. What is the global medical tourism market breakup by treatment type?
6. What are the major regions in the global medical tourism market?
7. Who are the key companies/players in the global medical tourism market?

1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Medical Tourism Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Treatment Type
6.1 Cosmetic Treatment
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Dental Treatment
6.2.1 Market Trends
6.2.2 Market Forecast
6.3 Cardiovascular Treatment
6.3.1 Market Trends
6.3.2 Market Forecast
6.4 Orthopaedic Treatment
6.4.1 Market Trends
6.4.2 Market Forecast
6.5 Bariatric Surgery
6.5.1 Market Trends
6.5.2 Market Forecast
6.6 Fertility Treatment
6.6.1 Market Trends
6.6.2 Market Forecast
6.7 Ophthalmic Treatment
6.7.1 Market Trends
6.7.2 Market Forecast
6.8 Others
6.8.1 Market Trends
6.8.2 Market Forecast
7 Market Breakup by Region
7.1 North America
7.1.1 Market Performance
7.1.2 Market Breakup by Treatment Type
7.1.3 Market Breakup by Country United States Market Trends Market Forecast Canada Market Trends Market Forecast
7.1.4 Market Forecast
7.2 Asia Pacific
7.2.1 Market Performance
7.2.2 Market Breakup by Treatment Type
7.2.3 Market Breakup by Country India Market Trends Market Forecast China Market Trends Market Forecast Indonesia Market Trends Market Forecast Thailand Market Trends Market Forecast Singapore Market Trends Market Forecast Malaysia Market Trends Market Forecast South Korea Market Trends Market Forecast Taiwan Market Trends Market Forecast
7.2.4 Market Forecast
7.3 Europe
7.3.1 Market Performance
7.3.2 Market Breakup by Treatment Type
7.3.3 Market Breakup by Country Germany Market Trends Market Forecast Italy Market Trends Market Forecast United Kingdom Market Trends Market Forecast Spain Market Trends Market Forecast France Market Trends Market Forecast Russia Market Trends Market Forecast Czech Republic Market Trends Market Forecast
7.3.4 Market Forecast
7.4 Latin America
7.4.1 Market Performance
7.4.2 Market Breakup by Treatment Type
7.4.3 Market Breakup by Country Mexico Market Trends Market Forecast Brazil Market Trends Market Forecast Costa Rica Market Trends Market Forecast Colombia Market Trends Market Forecast
7.4.4 Market Forecast
7.5 Middle East and Africa
7.5.1 Market Performance
7.5.2 Market Breakup by Treatment Type
7.5.3 Market Breakup by Country
7.5.4 Market Forecast
8 SWOT Analysis
8.1 Overview
8.2 Strengths
8.3 Weaknesses
8.4 Opportunities
8.5 Threats
9 Value Chain Analysis
10 Porters Five Forces Analysis
10.1 Overview
10.2 Bargaining Power of Buyers
10.3 Bargaining Power of Suppliers
10.4 Degree of Competition
10.5 Threat of New Entrants
10.6 Threat of Substitutes
11 Competitive Landscape
11.1 Market Structure
11.2 Key Players
11.3 Profiles of Key Players
11.3.1 Aditya Birla Memorial Hospital Company Overview Product Portfolio
11.3.2 Apollo Hospitals Enterprise Limited Company Overview Product Portfolio Financials SWOT Analysis
11.3.3 Asian Heart Institute Company Overview Product Portfolio
11.3.4 Barbados Fertility Center Company Overview Product Portfolio
11.3.5 BB Healthcare Solutions Company Overview Product Portfolio
11.3.6 Fortis Healthcare Company Overview Product Portfolio Financials SWOT Analysis
11.3.7 Healthbase Company Overview Product Portfolio
11.3.8 KPJ Healthcare Berhad Company Overview Product Portfolio Financials
11.3.9 Prince Court Medical Centre Company Overview Product Portfolio
11.3.10 Samitivej Company Overview Product Portfolio Financials
11.3.11 Seoul National University Hospital Company Overview Product Portfolio
11.3.12 UZ Leuven Company Overview Product Portfolio

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