Discover trends, market shifts, and competitive outlooks for the medical tourism industry through 2025-2034 with The Business Research Company’s reliable data and in-depth research

#What Are the Key Milestones in the Medical Tourism Market’s Growth Trajectory From 2025 To 2034?

The size of the medical tourism market has seen a swift expansion in the past few years. Its growth is projected to rise from $82.69 billion in 2024 to $92.63 billion in 2025, representing a compound annual growth rate (CAGR) of 12.0%. Factors such as the growth of emerging markets, an increase in cardiovascular disease occurrences, a surge in cosmetic procedures, a heightened demand for body contouring, and a rise in disposable personal income can be credited for the growth experienced in the historical period.

The anticipated expansion of the medical tourism market is projected to be significant in the forthcoming years, potentially reaching a worth of $186.99 billion by 2029, fueled by a compound annual growth rate (CAGR) of 19.2%. Factors that will contribute to this growth during the forecast period include government strategies, affordable surgery options, a surge in the elderly populace, increased quantity of medical tourists, and advancements in technology. Key market trends to watch out for in the forecast period involve the integration of metaverse in medical tourism, utilization of mobile technology, adoption of precision medicine, various mergers and acquisitions, implementation of artificial intelligence, and establishment of partnerships and collaborations.

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How Are Key Drivers in the Industry Acting as Catalysts for the Growth of theMedical Tourism Market?

The escalation of healthcare expenses in developed nations is fuelling expansion in the medical tourism sector as less developed nations can provide more affordable treatments. Patients typically journey to nations with a robust healthcare system and lower healthcare expenses. The Centers for Disease Control and Prevention discovered in a study that about 0.75 – 1.6 million individuals from the USA seek medical assistance abroad to circumvent high treatment costs. For example, a hip replacement surgery in the USA is around $39,299, but the same operation in India, Costa Rica or other developing countries could range from $7000 to $15,000, inclusive of logistics.

Which Segments in the Medical Tourism Offer the Most 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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What Are the Fastest-Growing Geographies in the #How Are Key Drivers in the Industry Acting as Catalysts for the Growth of theMedical Tourism Market?# 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

What Are the Current Market Growth and Trends in the Medical Tourism Industry?

The trend of patients traversing international borders for medical treatment has led to a rise in the use of electronic health records for storing health-related details in a digital manner. Essentially, an electronic health record equates to a systematic accumulation of patient’s health details and medical test results, recorded electronically. These digital records can be accessed promptly and securely by those who have authorization. The usage of electronic health records eradicates the need for patients to lug around extensive medical reports whilst journeying sizable distances for treatment. Amongst the foremost electronic health record applications are eClinicalWorks, Allscripts, and Cerner.

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What Are the Key Elements That Define the Medical Tourism Market?

Medical tourism is the process of travelling to another country solely for the reasons of medical treatment. It is useful for people living in countries where appropriate medical facilities are not available.

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