How the Medical Tourism Market is Positioned for Growth: Trends, Market Size, and Future Opportunities (2025-2034)
2025 Market Reports Update: Market Size Forecasts to 2034, Key Trends, Leading Players, and Top Regions – Get Ahead of the Competition Today!
Which Primary Drivers Are Supporting the Continued Market Growth of theMedical Tourism Market?
The high cost of healthcare in developed nations is providing a growth stimulus to the medical tourism market, as developing nations can offer more affordable treatment options. In search of low-cost, high-quality healthcare, patients often travel to developing countries. Based on the Centers for Disease Control and Prevention’s research, nearly 0.75 -1.6 million U.S. residents leave the country to access healthcare at lower costs. For instance, whereas hip replacement surgery might cost around $39,299 in the U.S., the same procedure in India, Costa Rica or other developing nations could be $7000 to $15,000, inclusive of logistical expenses.
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#What Long-Term Growth Rate is Expected for theMedical Tourism Market Between 2025 and 2034?
The size of the medical tourism market has witnessed a significant increase over the past years. It is predicted to rise from $82.69 billion in 2024 to $92.63 billion in 2025, at a compound annual growth rate (CAGR) of 12.0%. The notable growth during the historic period is credited to factors such as the expansion of emerging markets, a rising number of cardiovascular diseases, the growing trend of cosmetic procedures, an increase in the demand for body contouring, and a rise in disposable personal income.
In the upcoming years, the size of the medical tourism market is predicted to experience swift expansion, with a projection to reach $186.99 billion by 2029 at a Compound Annual Growth Rate (CAGR) of 19.2%. This anticipated growth within the forecast period can be associated with factors like government schemes, affordable surgical procedures, a surge in elderly population, a growing count of medical tourists, and progression in technology. Notable trends for the forecast period encompass the application of metaverse in medical tourism, utilization of mobile technology, the integration of precision medicine, mergers and business collaborations, along with the adoption of artificial intelligence.
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How Are Consumer Market Innovations Shaping the Current and Future Landscape of theMedical Tourism Market?
An increasing number of patients seeking medical treatment abroad are turning to electronic health records to store their health and medical information digitally. Essentially, an electronic health record is a digital repository of a patient’s health and medical examination data that can be quickly and securely accessed by authorized individuals. By using electronic health records, patients no longer need to carry cumbersome hard copies of medical reports when traveling for treatment. Some major software platforms for electronic health records include eClinicalWorks, Allscripts, and Cerner.
Who Are the Key Market Players Influencing the Growth of the Corn and Medical Tourism Industry?
Major companies operating in the medical tourism market include Bumrungrad International Hospital, Asklepios Kliniken Verwaltungsgesellschaft mbH, Apollo Hospitals Enterprise Ltd, Fortis Healthcare, Bangkok Dusit Medical Services PCL, Saudi German Hospitals Group, Asian Heart Institute, Gleneagles Hospital, KPJ Healthcare Behard, Samitivej Hospitals, NTT Medical Center Tokyo, Seoul National University Hospital, Beijing Saint Lucia Consulting Ltd, China Medical Tourism Inc, Clifford Hospital, German International Clinic, Bonn Medical Partners, University Medical Center, Intermed Consult, International Diagnostic Center Frankfurt, Medical Concierge France, ZagrebMed, Specijalna bolnica Sv. Katarina, Carlsbad Clinic, Elite Skin Rejuvenation, CubaHeal Medical Tourism, Inc, North American Specialty Hospital, Shouldice Hospital, CHRISTUS MUGUERZA, Clinica Sao Vicente, Hospital Barra d’Or, Hospital Do Coracao, Hospital de Clinicas Carcas, Sigamadental Venezuela, Centro Medico Maracay, Medipol Mega University Hospital, Medicana Haznedar Hospital. Istanbul, Anadolu Medical Center. Kocaeli, Estetik International, Istanbul, I.A.U VM Medical Park Florya Hospital, Medical Park Bahcelievler Hospital, AL Rayyan Medical Centre, Al Shifa Al Khaleeji Medical Centre, Emsey Hospital, Medistanbul Hospital, Kolan International Hospital, Hisar Hospital Intercontinental, Travcure Medical Tourism Consultants, Beaconhill Smile clinics, Agho Clinic Benin City
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Which Key Market Segments Comprise the Medical Tourism Market and Drive Its Revenue Growth?
The medical tourism market covered in this report is segmented –
1) By Treatment Type: Cosmetic Treatment, Dental Treatment, Cardiovascular Treatment, Orthopedics Treatment, Cancer Treatment, Fertility Treatment, Neurological Treatment, Other Treatment Types
2) By Type: Domestic, International
3) By Healthcare Service: Medical Treatment, Wellness, Alternative Treatment
4) By Service Provider: Public, Private
Subsegments:
1) By Cosmetic Treatment: Plastic Surgery, Breast Augmentation, Facelifts And Botox Injections, Hair Transplant, Skin Rejuvenation And Laser Treatments
2) By Dental Treatment: Dental Implants, Cosmetic Dentistry, Orthodontic Procedures, Oral Surgery, Periodontal Treatments
3) By Cardiovascular Treatment: Coronary Artery Bypass Graft (CABG), Angioplasty And Stent Insertion, Heart Valve Replacement, Cardiac Rehabilitation, Electrophysiology
4) By Orthopedics Treatment: Joint Replacement, Spinal Surgery, Arthroscopy, Fracture Repair, Sports Injury Treatment
5) By Cancer Treatment: Chemotherapy, Radiation Therapy, Immunotherapy, Surgery For Tumor Removal, Targeted Therapy
6) By Fertility Treatment: In Vitro Fertilization (IVF), Egg And Sperm Donation, Surrogacy, Intrauterine Insemination (IUI), Fertility Preservation
7) By Neurological Treatment: Brain Surgery, Spinal Cord Surgery, Deep Brain Stimulation, Epilepsy Treatment, Stroke Rehabilitation
8) By Other Treatment Types: Organ Transplantation, Bariatric Surgery (Weight Loss Surgery), Ophthalmic Treatments, Dermatology Treatments, ENT Treatments
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Which Regions Are Emerging as Leaders in the Medical Tourism Market?
North America was the largest region in the medical tourism market in 2024. Western Europe was the second largest region in the global medical tourism market share. The regions covered in the medical tourism market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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