PUBLISHER: Grand View Research | PRODUCT CODE: 1493323
PUBLISHER: Grand View Research | PRODUCT CODE: 1493323
The Asia Pacific medical tourism market size is anticipated to reach USD 60.66 billion by 2030, expanding at a CAGR of 26.4% from 2024 to 2030, according to a new report by Grand View Research, Inc. The market is expected to experience significant growth due to several factors, including the increasing prevalence of chronic diseases, improved infrastructure in the region, and access to affordable healthcare with skilled medical professionals for specialized treatments available in Asia Pacific region. India, Thailand, and Singapore are the most popular medical tourism destinations in the Asia Pacific region.
Medical tourism is becoming increasingly popular among international patients who seek to avoid long queues and explore alternative treatment options by traveling abroad for diagnosis. Governments around the world are also promoting health and wellness tourism to stimulate market growth. The availability of immediate procedures and strong government support are key factors in the growth of medical tourism.
In November 2022, TravoCure Healthcare based in India partnered with Ethiopian Airlines and announced a new collaboration to assist travelers from Africa who are seeking medical treatment in India. Both organizations aim to work together to promote India as a medical tourism destination, showcasing its modern medical technologies and internationally accredited hospitals and clinics through joint promotional activities.