Medical Tourism Market Size, Share, Growth, and Forecast to 2025

Posted by rekha on September 17th, 2019

Precision Business Insights (PBI) in its report titled “Global Medical Tourism Market: Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2013-2017 and Forecast 2018-2024” assesses the market performance over seven years forecast period over 2018-2024. The report analyses the market value forecast and provides the strategic insights into the market driving factors, challenges that are hindering the market revenue growth over forecast period.

The global medical tourism market was valued at US$ XX Mn in 2018 and increasing at a significant CAGR over the forecast timeframe owing to surge in the incidence of various life threatening diseases which require sophisticated treatment,, higher costs of treatments, longer time of waiting for medical procedures, availability of the improved medical technologies, increasing compliance on international quality standards, high quality of service, health insurance acceptance, low costs offered by the medical tourism, increase in awareness regarding the medical tourism due to marketing and advertisements, availability of latest medical technologies in medical tourism hubs and strategic collaborations between the market players are expected to enhance the sales of the medical tourism market. However, travelling difficulties, problems in VISA approval, language problems, documentation issues, limited insurance coverage are expected to hamper the growth of the market

Global medical tourism market segmented on the basis of treatment type and region

For request sample:

Orthopedic Treatment Dominates the Global Medical Tourism Market

Based on type of treatments, global medical tourism market segmented into Cosmetic Treatment, Dental Treatment, Cardiovascular Treatment, Orthopedics Treatment, Neurological Treatment, Fertility Treatment, Ophthalmic Treatment, and Other Treatments.Among them Orthopedic treatment dominated the global medical tourism market in 2018 and estimated to dominate over the forecast period owing to increase in prevalence of various types of orthopedic problems, increasing cases of bone fractures due to accidents and games. However, significant increase in growth rate observed for the cosmetic surgeries due to increasing interest towards the external appearance, increase in prevalence of skin related diseases.

Asia Pacific Leads the Global Medical Tourism Market


PBI’s global medical tourism market report analyses the market in different regions such as North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. According to regional analysis, Asia Pacific accounted for larger revenue share through 2013-2017 and expected to dominate over 2018-2024 owing to increase in prevalence of cancer and other life threatening diseases, rise in R&D activities, increased interest on the medical tourism, considerably low treatment costs, high quality standard treatment, are anticipated to propel the market. Europe region are expected to grow at a significant growth rate over the forecast years.


Launch of newer products, frequent product approvals, and strategic alliances are the key strategies adopted by market players


Global medical tourism market further reveals that the key players increasingly adopting strategies such as launch of newer products, frequent product approvals, and long term alliance to improve market revenue share and gaining significant geographic presence across the region.

Key player’s profiles in the report are

  • Asklepios Kliniken GmbH (Germany),
  • Apollo Hospitals Enterprise Limited (India),
  • Cosmedic Travel (Australia)
  • BB Health Solutions (UK)
  • Fortis Healthcare Limited (India)
  • NTT Medical Center Tokyo (Japan)
  • Seoul National University Hospital. (South Korea)
  • Prince Court Medical Centre (Malaysia)
  • Min-Sheng General Hospital (Taiwan)
  • Bumrungrad International Hospital (Thailand).

Detailed Segmentation


By Treatment Type


o   Dental Treatment

o   Cosmetic Treatment

o   Cardiovascular Treatment

o   Orthopedic Treatment

o   Neurological Treatment

o   Cancer Treatment

o   Fertility Treatment

o   Other Treatments


o     North America

  • U.S
  • Canada

o     Europe

  • Germany
  • France
  • U.K
  • Italy
  • Spain
  • Russia
  • Poland
  • Rest of Europe

o     Asia-Pacific

  • Japan
  • China
  • India
  • Australia & New Zealand
  • ASEAN (Includes Indonesia, Thailand, Vietnam, Philippines, Malaysia, and Others)
  • South Korea
  • Rest of Asia-Pacific

o     Latin America

  • Brazil
  • Mexico
  • Argentina
  • Venezuela
  • Rest of Latin America

o     Middle East and Africa (MEA)

  • Gulf Cooperation Council (GCC) Countries
  • Israel
  • South Africa
  • Rest of MEA

For more information:

Like it? Share it!


About the Author

Joined: July 26th, 2019
Articles Posted: 219

More by this author