Medical Tourism Market Was Worth US$ 17.69 Billion In 2023 And Is Projected To Reach US$ 48.66 Billion By 2032

(MENAFN- EIN Presswire)

CHICAGO, CA, UNITED STATES, September 16, 2024 /EINPresswire / -- The global medical tourism market is poised for significant growth, with its valuation expected to rise from US$ 17.69 billion in 2023 to an impressive US$ 48.66 billion by 2032. This growth trajectory represents a robust compound annual growth rate (CAGR) of 11.9% from 2024 to 2032. The increasing affordability of medical procedures abroad, coupled with the rising demand for advanced healthcare services in countries with cost-effective options, is driving this market expansion.

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Medical tourism has seen a surge in popularity as more individuals seek specialized treatments, surgical procedures, and wellness therapies abroad. Factors contributing to this trend include high-quality care, reduced waiting times, and the opportunity for patients to combine medical treatment with travel. Countries such as Thailand, India, Mexico, and Turkey have emerged as prominent destinations, attracting patients from across the globe for their advanced healthcare infrastructures at competitive costs.

The market's growth is further bolstered by advancements in telemedicine, improving access to pre- and post-operative care for international patients. Moreover, healthcare providers and governments in key regions are investing in infrastructure and marketing to cater to foreign patients, enhancing the appeal of medical tourism.

Top Players in the Global Medical Tourism Market

.Fortis Healthcare Ltd.
.Apollo Hospitals Enterprise Limited
.KPJ Healthcare Behard
.Klinikum Medical Link
.Booking
.Agoda
.Lastminute
.Expedia
.Hotwire
.Bookmundi
.Skyscanner
.Kiwi
.Marriott International
.Jin Jiang
.Hilton Hotels
.InterContinental Hotels Group (IHG)
.Wyndham Hotels and Resorts, Inc.
.Accor Group
.Huazhu Hotels Group
.Other Prominent Players

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Market Segmentation Overview:

By Treatment Type

.Cosmetic Treatment
.Dental Treatment
.Cardiovascular Treatment
.Orthopedics Treatment
.Bariatric Surgery
.Fertility Treatment
.Ophthalmic Treatment
.Other Treatments

By Service Provider

.Public
.Private

By Region

.North America

oUS
oCanada
oMexico

.Europe

oUK
oGermany
oFrance
oItaly
oBelgium
oSpain
oPoland
oRussia
oRest of Europe

.Asia Pacific

oChina
oIndia
oJapan
oSouth Korea
oAustralia & New Zealand
oASEAN
Thailand
Rest of ASEAN
oRest of Asia Pacific

.Middle East & Africa (MEA)

oUAE
oTurkey
oSaudi Arabia
oJordan
oRest of MEA

.South America

oArgentina
oBrazil
oRest of South America

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