Medical Tourism Market by Treatment Type (Orthopedic/Spine Treatments, Oncology/Cancer Treatments, Cosmetic Treatments, Cardiovascular Treatments, Dental Treatments, Fertility/IVF Treatments, others), by Regions – Forecast Till 2032

Market Research Future Insights

According to MRFR analysis, Global Medical Tourism market is expected to register a CAGR of ~ 21.2% from 2023 to 2032 and hold a value of over USD 121.8 billion by 2032.

Medical tourism is known as a planned trip across international borders to receive medical care in any way that may or may not be available in the travelers’ home country. Medical tourists cross international borders to improve, maintain, or restore their health using reasonably priced medical supplies and procedures that are available in other nations but quite expensive. An innovative idea called “medical tourism” is gaining popularity online as a healthcare choice for people worldwide. From a marketing perspective, the internet is a dynamic platform for healthcare service providers and operators to spread knowledge about numerous choices for medical travel.

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The key elements influencing the growth of the global medical tourism market include accessibility, affordability, and convenience of high-quality medical equipment, as well as assistance from local governments and tourism bureaus. Furthermore, the availability of the most advanced medical technology in medical tourism hotspots around the globe is anticipated to fuel market expansion. The key reason for the rise in popularity of offshore medical tourism is the availability of more affordable treatment choices with higher-quality care.

Segmentation

Global Medical Tourism market has been segmented into type.

Type Outlook : Orthopedic/Spine Treatments , Oncology/Cancer Treatments ,Cosmetic Treatments ,Cardiovascular Treatments , Dental Treatments , Fertility/IVF Treatments

Key Players

Some of the key market players are:

Bumrungrad International Hospital (Thailand), CHRISTUS MUGUERZA (Mexico),Samitivej PCL (Thailand), Schön-Kliniken (Germany), Gleneagles Global Hospitals Group (India), Prince Court Medical Centre (Malaysia), Anadolu Medical Center (Turkey)

Regional Analysis

The Global Medical Tourism Market is divided into North America, Europe, Asia Pacific, and the Rest of the World based on the regional analysis. The largest market share belongs to Europe. The European region’s market will grow due to continuing initiatives, availability of cutting-edge technologies, and medical equipment that is uncommon in emerging nations. The Asia Pacific is quickly becoming the center for accessible, high-quality healthcare. Additionally, putting more of a focus on hospitality and speeding up official processes has greatly aided market expansion. Expanding pharmaceutical companies and medical research institutions are boosting this region’s market.

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The North American region holds the second-largest market share. The main drivers of growth in this area are the quick developments in medical technology for treating specific illnesses. Additionally, this region attracts tourists because of its improved friendliness and shorter wait times.

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