Medical Tourism Market Growth: Industry Dynamics and Trends

 

Medical Tourism Market size was valued at USD 4.97 billion in 2022 and is expected to reach at USD 43.17 billion by 2030, and grow at a CAGR of 31% over the forecast period of 2023-2030.

The Medical Tourism Market Report provides a comprehensive analysis of the global Medical Tourism market, highlighting key trends, growth drivers, challenges, and opportunities. The report aims to assist industry stakeholders in making informed decisions and formulating effective strategies.

The medical tourism market has been rapidly growing in recent years, with more and more people traveling abroad to seek affordable and high-quality medical treatments. This trend can be attributed to several factors that have contributed to the rise of medical tourism as a viable option for patients worldwide.

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One of the primary drivers of the medical tourism market is the rising cost of healthcare in many developed countries. Patients from countries like the United States, Canada, and parts of Europe often face exorbitant prices for medical procedures, making it financially burdensome for them to receive necessary treatments. As a result, they are increasingly turning to countries where healthcare costs are significantly lower without compromising on quality.

Another factor fueling the growth of medical tourism is the increasing availability of advanced medical technologies and highly skilled healthcare professionals in developing countries. Many emerging economies have made substantial investments in their healthcare infrastructure, attracting top-notch doctors and specialists who offer world-class treatments at a fraction of the cost compared to their counterparts in developed nations.

KEY MARKET SEGMENTS

By Service

·         Medical Treatment

·         Wellness Treatment

·         Alternative Treatment

By Service Provider

·         Public

·         Private

Major Players Listed in the Report are as Follows:

Apollo hospitals, Fortis Healthcare, Asian heart Institute, KPJ Healthcare Berhad, Livonta Global, Gleneagles hospitals and others.

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