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PUBLISHER: Polaris Market Research | PRODUCT CODE: 1478676
PUBLISHER: Polaris Market Research | PRODUCT CODE: 1478676
Medical Tourism Market Share, Size, Trends, Industry Analysis Report By Treatment Type; By Regions, Segment Forecast, 2024 - 2032
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The global medical tourism market size is expected to reach USD 80.07 billion by 2032, according to a new study by Polaris Market Research. The report "Medical Tourism Market Share, Size, Trends, Industry Analysis Report, By Treatment Type (Cosmetic Treatment, Bariatric Treatment, Dental Treatment, Cardiovascular Treatment); By Service Provider; By Region; Segment Forecast, 2024 - 2032" gives a detailed insight into current market dynamics and provides analysis on future market growth.
Improved communication and transportation networks have revolutionized healthcare accessibility globally, allowing patients to seek medical treatments and specialized care across borders. This has been especially advantageous for the increasing geriatric population, leading to a notable rise in demand for such services. Medical tourism offers cost-saving opportunities and additional perks.
Many countries provide cutting-edge treatments, advanced medical equipment, and superior healthcare services at reduced costs compared to patients' home nations, coupled with personalized attention and top-notch hospitality, enhancing the overall medical tourism experience. Moreover, the escalating healthcare expenses in developed countries have spurred the growth of medical tourism, as patients often opt for procedures abroad due to a lack of insurance coverage or exorbitant costs domestically. This surge in demand for affordable medical treatments in countries offering more cost-effective options further propels the expansion of the global medical tourism market.
As access to affordable medical care in other countries increases, global medical tourism is experiencing rapid growth. The physical and mental distance between customers and healthcare providers presents challenges, leading customers to rely heavily on Internet resources for information. As a result, a number of new companies have appeared to assist travelers in choosing the finest international healthcare destinations for top-notch medical treatment and procedures.
These companies also facilitate medical travel arrangements, including accommodations and airfare. Doctors, an online travel and dental care booking platform based in Los Angeles, is a logistics supply chain regarding medical tourism. Patients can connect with doctors, compare operation costs, and schedule procedures such as plastic surgery, weight reduction surgery, dental work, in vitro fertilization, and Lasik eye surgery through the website. Other startups, such as BookDoc, partnered with established companies such as Agoda, Uber, TripAdvisor, and Grab to arrange accommodations. While there are currently multiple online startups focused on medical tourism, this number is expected to increase as the industry grows in importance.
Medical Tourism Market Report Highlights
The cosmetic segment dominated the market in 2023, driven by increasing patient awareness, a greater demand for anti-aging treatments, and the high cost of cosmetic implants in developed countries.
The private segment led the market in 2023 and is expected to maintain its dominance due to advancements in healthcare technologies and the availability of privately owned, internationally recognized, and accredited providers.
Asia Pacific holds a significant revenue share in the global Medical Tourism market, driven by cheaper medical care compared to private healthcare facilities in the United States.
The global key market players include MOHW Hengchun Tourism Hospital, Apollo Hospitals Enterprise Ltd., Bumrungrad International Hospital, Mount Elizabeth Hospitals, Raffles Medical Group, Dr. B. L. Kapur Memorial Hospital, Kasemrad Hospital International Rattanathibet, Mission Hospital, Bangkok Hospital, Miot Hospital and Penang Adventist Hospital.
Polaris Market Research has segmented the Medical Tourism market report based on treatment type, service provider, and region:
Medical Tourism, Treatment Type Outlook (Revenue - USD Billion, 2019 - 2032)
- Cosmetic Treatment
- Bariatric Treatment
- Dental Treatment
- Cardiovascular Treatment
- Orthopedic Treatment
- Ophthalmology Treatment
- Infertility Treatment
- Alternative Medicine
- Others
Medical Tourism, Service Provider Outlook (Revenue - USD Billion, 2019 - 2032)
- Private
- Public
Medical Tourism, Regional Outlook (Revenue - USD Billion, 2019 - 2032)
- North America
- U.S.
- Canada
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Netherlands
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- South Korea
- Indonesia
- Malaysia
- Australia
- Rest of Asia Pacific
- Latin America
- Argentina
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- UAE
- Saudi Arabia
- Israel
- South Africa
- Rest of Middle East & Africa
Product Code: PM1523
Table of Contents
1. Introduction
- 1.1. Report Description
- 1.1.1. Objectives of the Study
- 1.1.2. Market Scope
- 1.1.3. Assumptions
- 1.2. Stakeholders
2. Executive Summary
- 2.1. Market Highlights
3. Research Methodology
- 3.1. Overview
- 3.1.1. Data Mining
- 3.2. Data Sources
- 3.2.1. Primary Sources
- 3.2.2. Secondary Sources
4. Global Medical Tourism Market Insights
- 4.1. Medical Tourism Market - Industry Snapshot
- 4.2. Medical Tourism Market Dynamics
- 4.2.1. Drivers and Opportunities
- 4.2.1.1. Elevated medical expenses in advanced economies
- 4.2.1.2. Absence of insurance coverage in nations
- 4.2.2. Restraints and Challenges
- 4.2.2.1. Concerns regarding Medical Tourism from Medical and Ethical Perspectives
- 4.2.1. Drivers and Opportunities
- 4.3. Porter's Five Forces Analysis
- 4.3.1. Bargaining Power of Suppliers (Moderate)
- 4.3.2. Threats of New Entrants: (Low)
- 4.3.3. Bargaining Power of Buyers (Moderate)
- 4.3.4. Threat of Substitute (Moderate)
- 4.3.5. Rivalry among existing firms (High)
- 4.4. PESTLE Analysis
- 4.5. Medical Tourism Industry trends
- 4.6. Value Chain Analysis
- 4.7. COVID-19 Impact Analysis
5. Global Medical Tourism Market, by Treatment Type
- 5.1. Key Findings
- 5.2. Introduction
- 5.2.1. Global Medical Tourism, by Treatment Type, 2019-2032 (USD Billion)
- 5.3. Cosmetic Treatment
- 5.3.1. Global Medical Tourism Market, by Cosmetic Treatment, by Region, 2019-2032 (USD Billion)
- 5.4. Bariatric Treatment
- 5.4.1. Global Medical Tourism Market, by Bariatric Treatment, by Region, 2019-2032 (USD Billion)
- 5.5. Dental Treatment
- 5.5.1. Global Medical Tourism Market, by Dental Treatment, by Region, 2019-2032 (USD Billion)
- 5.6. Cardiovascular Treatment
- 5.6.1. Global Medical Tourism Market, by Cardiovascular Treatment, by Region, 2019-2032 (USD Billion)
- 5.7. Orthopedic Treatment
- 5.7.1. Global Medical Tourism Market, by Orthopedic Treatment, by Region, 2019-2032 (USD Billion)
- 5.8. Ophthalmology Treatment
- 5.8.1. Global Medical Tourism Market, by Ophthalmology Treatment, by Region, 2019-2032 (USD Billion)
- 5.9. Infertility Treatment
- 5.9.1. Global Medical Tourism Market, by Infertility Treatment, by Region, 2019-2032 (USD Billion)
- 5.10. Alternative Medicine
- 5.10.1. Global Medical Tourism Market, by Alternative Medicine, by Region, 2019-2032 (USD Billion)
- 5.11. Others
- 5.11.1. Global Medical Tourism Market, by Others, by Region, 2019-2032 (USD Billion)
6. Global Medical Tourism Market, by Service Provider
- 6.1. Key Findings
- 6.2. Introduction
- 6.2.1. Global Medical Tourism Market, by Service Provider, 2019-2032 (USD Billion)
- 6.3. Private
- 6.3.1. Global Medical Tourism Market, by Private, by Region, 2019-2032 (USD Billion)
- 6.4. Public
- 6.4.1. Global Medical Tourism Market, by Public, by Region, 2019-2032 (USD Billion)
7. Global Medical Tourism Market, by Geography
- 7.1. Key findings
- 7.2. Introduction
- 7.2.1. Medical Tourism Market Assessment, By Geography, 2019-2032 (USD Billion)
- 7.3. Medical Tourism Market - North America
- 7.3.1. North America: Medical Tourism Market, by Service Provider, 2019-2032 (USD Billion)
- 7.3.2. North America: Medical Tourism Market, by Treatment Type, 2019-2032 (USD Billion)
- 7.3.3. Medical Tourism Market - U.S.
- 7.3.3.1. U.S.: Medical Tourism Market, by Service Provider, 2019-2032 (USD Billion)
- 7.3.3.2. U.S.: Medical Tourism Market, by Treatment Type, 2019-2032 (USD Billion)
- 7.3.4. Medical Tourism Market - Canada
- 7.3.4.1. Canada: Medical Tourism Market, by Service Provider, 2019-2032 (USD Billion)
- 7.3.4.2. Canada: Medical Tourism Market, by Treatment Type, 2019-2032 (USD Billion)
- 7.4. Medical Tourism Market - Europe
- 7.4.1. Europe: Medical Tourism Market, by Service Provider, 2019-2032 (USD Billion)
- 7.4.2. Europe: Medical Tourism Market, by Treatment Type, 2019-2032 (USD Billion)
- 7.4.3. Medical Tourism Market - UK
- 7.4.3.1. UK: Medical Tourism Market, by Service Provider, 2019-2032 (USD Billion)
- 7.4.3.2. UK: Medical Tourism Market, by Treatment Type, 2019-2032 (USD Billion)
- 7.4.4. Medical Tourism Market - France
- 7.4.4.1. France: Medical Tourism Market, by Service Provider, 2019-2032 (USD Billion)
- 7.4.4.2. France: Medical Tourism Market, by Treatment Type, 2019-2032 (USD Billion)
- 7.4.5. Medical Tourism Market - Germany
- 7.4.5.1. Germany: Medical Tourism Market, by Service Provider, 2019-2032 (USD Billion)
- 7.4.5.2. Germany: Medical Tourism Market, by Treatment Type, 2019-2032 (USD Billion)
- 7.4.6. Medical Tourism Market - Italy
- 7.4.6.1. Italy: Medical Tourism Market, by Service Provider, 2019-2032 (USD Billion)
- 7.4.6.2. Italy: Medical Tourism Market, by Treatment Type, 2019-2032 (USD Billion)
- 7.4.7. Medical Tourism Market - Spain
- 7.4.7.1. Spain: Medical Tourism Market, by Service Provider, 2019-2032 (USD Billion)
- 7.4.7.2. Spain: Medical Tourism Market, by Treatment Type, 2019-2032 (USD Billion)
- 7.4.8. Medical Tourism Market - Netherlands
- 7.4.8.1. Netherlands: Medical Tourism Market, by Service Provider, 2019-2032 (USD Billion)
- 7.4.8.2. Netherlands: Medical Tourism Market, by Treatment Type, 2019-2032 (USD Billion)
- 7.4.9. Medical Tourism Market - Russia
- 7.4.9.1. Russia: Medical Tourism Market, by Service Provider, 2019-2032 (USD Billion)
- 7.4.9.2. Russia: Medical Tourism Market, by Treatment Type, 2019-2032 (USD Billion)
- 7.5. Medical Tourism Market - Asia Pacific
- 7.5.1. Asia Pacific: Medical Tourism Market, by Service Provider, 2019-2032 (USD Billion)
- 7.5.2. Asia Pacific: Medical Tourism Market, by Treatment Type, 2019-2032 (USD Billion)
- 7.5.3. Medical Tourism Market - China
- 7.5.3.1. China: Medical Tourism Market, by Service Provider, 2019-2032 (USD Billion)
- 7.5.3.2. China: Medical Tourism Market, by Treatment Type, 2019-2032 (USD Billion)
- 7.5.4. Medical Tourism Market - India
- 7.5.4.1. India: Medical Tourism Market, by Service Provider, 2019-2032 (USD Billion)
- 7.5.4.2. India: Medical Tourism Market, by Treatment Type, 2019-2032 (USD Billion)
- 7.5.5. Medical Tourism Market - Malaysia
- 7.5.5.1. Malaysia: Medical Tourism Market, by Service Provider, 2019-2032 (USD Billion)
- 7.5.5.2. Malaysia: Medical Tourism Market, by Treatment Type, 2019-2032 (USD Billion)
- 7.5.6. Medical Tourism Market - Japan
- 7.5.6.1. Japan: Medical Tourism Market, by Service Provider, 2019-2032 (USD Billion)
- 7.5.6.2. Japan: Medical Tourism Market, by Treatment Type, 2019-2032 (USD Billion)
- 7.5.7. Medical Tourism Market - Indonesia
- 7.5.7.1. Indonesia: Medical Tourism Market, by Service Provider, 2019-2032 (USD Billion)
- 7.5.7.2. Indonesia: Medical Tourism Market, by Treatment Type, 2019-2032 (USD Billion)
- 7.5.8. Medical Tourism Market - South Korea
- 7.5.8.1. South Korea: Medical Tourism Market, by Service Provider, 2019-2032 (USD Billion)
- 7.5.8.2. South Korea: Medical Tourism Market, by Treatment Type, 2019-2032 (USD Billion)
- 7.6. Medical Tourism Market - Middle East & Africa
- 7.6.1. Middle East & Africa: Medical Tourism Market, by Service Provider, 2019-2032 (USD Billion)
- 7.6.2. Middle East & Africa: Medical Tourism Market, by Treatment Type, 2019-2032 (USD Billion)
- 7.6.3. Medical Tourism Market - Saudi Arabia
- 7.6.3.1. Saudi Arabia: Medical Tourism Market, by Service Provider, 2019-2032 (USD Billion)
- 7.6.3.2. Saudi Arabia: Medical Tourism Market, by Treatment Type, 2019-2032 (USD Billion)
- 7.6.4. Medical Tourism Market - UAE
- 7.6.4.1. UAE: Medical Tourism Market, by Service Provider, 2019-2032 (USD Billion)
- 7.6.4.2. UAE: Medical Tourism Market, by Treatment Type, 2019-2032 (USD Billion)
- 7.6.5. Medical Tourism Market - Israel
- 7.6.5.1. Israel: Medical Tourism Market, by Service Provider, 2019-2032 (USD Billion)
- 7.6.5.2. Israel: Medical Tourism Market, by Treatment Type, 2019-2032 (USD Billion)
- 7.6.6. Medical Tourism Market - South Africa
- 7.6.6.1. South Africa: Medical Tourism Market, by Service Provider, 2019-2032 (USD Billion)
- 7.6.6.2. South Africa: Medical Tourism Market, by Treatment Type, 2019-2032 (USD Billion)
- 7.7. Medical Tourism Market - Latin America
- 7.7.1. Latin America: Medical Tourism Market, by Service Provider, 2019-2032 (USD Billion)
- 7.7.2. Latin America: Medical Tourism Market, by Treatment Type, 2019-2032 (USD Billion)
- 7.7.3. Medical Tourism Market - Mexico
- 7.7.3.1. Mexico: Medical Tourism Market, by Service Provider, 2019-2032 (USD Billion)
- 7.7.3.2. Mexico: Medical Tourism Market, by Treatment Type, 2019-2032 (USD Billion)
- 7.7.4. Medical Tourism Market - Brazil
- 7.7.4.1. Brazil: Medical Tourism Market, by Service Provider, 2019-2032 (USD Billion)
- 7.7.4.2. Brazil: Medical Tourism Market, by Treatment Type, 2019-2032 (USD Billion)
- 7.7.5. Medical Tourism Market - Argentina
- 7.7.5.1. Argentina: Medical Tourism Market, by Service Provider, 2019-2032 (USD Billion)
- 7.7.5.2. Argentina: Medical Tourism Market, by Treatment Type, 2019-2032 (USD Billion)
8. Competitive Landscape
- 8.1. Expansion and Acquisition Analysis
- 8.1.1. Expansion
- 8.1.2. Acquisitions
- 8.2. Partnerships/Collaborations/Agreements/Exhibitions
9. Company Profiles
- 9.1.Apollo Hospitals Enterprise Ltd.
- 9.1.1. Company Overview
- 9.1.2. Financial Performance
- 9.1.3. Product Benchmarking
- 9.1.4. Recent Development
- 9.2. Bangkok Hospital
- 9.2.1. Company Overview
- 9.2.2. Financial Performance
- 9.2.3. Product Benchmarking
- 9.2.4. Recent Development
- 9.3. Bumrungrad International Hospital
- 9.3.1. Company Overview
- 9.3.2. Financial Performance
- 9.3.3. Product Benchmarking
- 9.3.4. Recent Development
- 9.4. Dr. B. L. Kapur Memorial Hospital
- 9.4.1. Company Overview
- 9.4.2. Financial Performance
- 9.4.3. Product Benchmarking
- 9.4.4. Recent Development
- 9.5. Kasemrad Hospital International Rattanathibet
- 9.5.1. Company Overview
- 9.5.2. Financial Performance
- 9.5.3. Product Benchmarking
- 9.5.4. Recent Development
- 9.6. Miot Hospital
- 9.6.1. Company Overview
- 9.6.2. Financial Performance
- 9.6.3. Product Benchmarking
- 9.6.4. Recent Development
- 9.7. Mission Hospital
- 9.7.1. Company Overview
- 9.7.2. Financial Performance
- 9.7.3. Product Benchmarking
- 9.7.4. Recent Development
- 9.8. MOHW Hengchun Tourism Hospital
- 9.8.1. Company Overview
- 9.8.2. Financial Performance
- 9.8.3. Product Benchmarking
- 9.8.4. Recent Development
- 9.9. Mount Elizabeth Hospitals
- 9.9.1. Company Overview
- 9.9.2. Financial Performance
- 9.9.3. Product Benchmarking
- 9.9.4. Recent Development
- 9.10. Penang Adventist Hospital
- 9.10.1. Company Overview
- 9.10.2. Financial Performance
- 9.10.3. Product Benchmarking
- 9.10.4. Recent Development
- 9.11. Raffles Medical Group
- 9.11.1. Company Overview
- 9.11.2. Financial Performance
- 9.11.3. Product Benchmarking
- 9.11.4. Recent Development
Product Code: PM1523
List of Tables
- Table 1 Global Medical Tourism Market, by Service Provider, 2019-2032 (USD Billion)
- Table 2 Global Medical Tourism Market, by Treatment Type, 2019-2032 (USD Billion)
- Table 3 Medical Tourism Market Assessment, By Geography, 2019-2032 (USD Billion)
- Table 4 North America: Medical Tourism Market, by Service Provider, 2019-2032 (USD Billion)
- Table 5 North America: Medical Tourism Market, by Treatment Type, 2019-2032 (USD Billion)
- Table 6 U.S.: Medical Tourism Market, by Service Provider, 2019-2032 (USD Billion)
- Table 7 U.S.: Medical Tourism Market, by Treatment Type, 2019-2032 (USD Billion)
- Table 8 Canada: Medical Tourism Market, by Service Provider, 2019-2032 (USD Billion)
- Table 9 Canada: Medical Tourism Market, by Treatment Type, 2019-2032 (USD Billion)
- Table 10 Europe: Medical Tourism Market, by Service Provider, 2019-2032 (USD Billion)
- Table 11 Europe: Medical Tourism Market, by Treatment Type, 2019-2032 (USD Billion)
- Table 12 UK: Medical Tourism Market, by Service Provider, 2019-2032 (USD Billion)
- Table 13 UK: Medical Tourism Market, by Treatment Type, 2019-2032 (USD Billion)
- Table 14 France: Medical Tourism Market, by Service Provider, 2019-2032 (USD Billion)
- Table 15 France: Medical Tourism Market, by Treatment Type, 2019-2032 (USD Billion)
- Table 16 Germany: Medical Tourism Market, by Service Provider, 2019-2032 (USD Billion)
- Table 17 Germany: Medical Tourism Market, by Treatment Type, 2019-2032 (USD Billion)
- Table 18 Italy: Medical Tourism Market, by Service Provider, 2019-2032 (USD Billion)
- Table 19 Italy: Medical Tourism Market, by Treatment Type, 2019-2032 (USD Billion)
- Table 20 Spain: Medical Tourism Market, by Service Provider, 2019-2032 (USD Billion)
- Table 21 Spain: Medical Tourism Market, by Treatment Type, 2019-2032 (USD Billion)
- Table 22 Netherlands: Medical Tourism Market, by Service Provider, 2019-2032 (USD Billion)
- Table 23 Netherlands: Medical Tourism Market, by Treatment Type, 2019-2032 (USD Billion)
- Table 24 Russia: Medical Tourism Market, by Service Provider, 2019-2032 (USD Billion)
- Table 25 Russia: Medical Tourism Market, by Treatment Type, 2019-2032 (USD Billion)
- Table 26 Asia Pacific: Medical Tourism Market, by Service Provider, 2019-2032 (USD Billion)
- Table 27 Asia Pacific: Medical Tourism Market, by Treatment Type, 2019-2032 (USD Billion)
- Table 28 China: Medical Tourism Market, by Service Provider, 2019-2032 (USD Billion)
- Table 29 China: Medical Tourism Market, by Treatment Type, 2019-2032 (USD Billion)
- Table 30 India: Medical Tourism Market, by Service Provider, 2019-2032 (USD Billion)
- Table 31 India: Medical Tourism Market, by Treatment Type, 2019-2032 (USD Billion)
- Table 32 Malaysia: Medical Tourism Market, by Service Provider, 2019-2032 (USD Billion)
- Table 33 Malaysia: Medical Tourism Market, by Treatment Type, 2019-2032 (USD Billion)
- Table 34 Japan: Medical Tourism Market, by Service Provider, 2019-2032 (USD Billion)
- Table 35 Japan: Medical Tourism Market, by Treatment Type, 2019-2032 (USD Billion)
- Table 36 Indonesia: Medical Tourism Market, by Service Provider, 2019-2032 (USD Billion)
- Table 37 Indonesia: Medical Tourism Market, by Treatment Type, 2019-2032 (USD Billion)
- Table 38 South Korea: Medical Tourism Market, by Service Provider, 2019-2032 (USD Billion)
- Table 39 South Korea: Medical Tourism Market, by Treatment Type, 2019-2032 (USD Billion)
- Table 40 Middle East & Africa: Medical Tourism Market, by Service Provider, 2019-2032 (USD Billion)
- Table 41 Middle East & Africa: Medical Tourism Market, by Treatment Type, 2019-2032 (USD Billion)
- Table 42 Saudi Arabia: Medical Tourism Market, by Service Provider, 2019-2032 (USD Billion)
- Table 43 Saudi Arabia: Medical Tourism Market, by Treatment Type, 2019-2032 (USD Billion)
- Table 44 UAE: Medical Tourism Market, by Service Provider, 2019-2032 (USD Billion)
- Table 45 UAE: Medical Tourism Market, by Treatment Type, 2019-2032 (USD Billion)
- Table 46 Israel: Medical Tourism Market, by Service Provider, 2019-2032 (USD Billion)
- Table 47 Israel: Medical Tourism Market, by Treatment Type, 2019-2032 (USD Billion)
- Table 48 South Africa: Medical Tourism Market, by Service Provider, 2019-2032 (USD Billion)
- Table 49 South Africa: Medical Tourism Market, by Treatment Type, 2019-2032 (USD Billion)
- Table 50 Latin America: Medical Tourism Market, by Service Provider, 2019-2032 (USD Billion)
- Table 51 Latin America: Medical Tourism Market, by Treatment Type, 2019-2032 (USD Billion)
- Table 52 Mexico: Medical Tourism Market, by Service Provider, 2019-2032 (USD Billion)
- Table 53 Mexico: Medical Tourism Market, by Treatment Type, 2019-2032 (USD Billion)
- Table 54 Brazil: Medical Tourism Market, by Service Provider, 2019-2032 (USD Billion)
- Table 55 Brazil: Medical Tourism Market, by Treatment Type, 2019-2032 (USD Billion)
- Table 56 Argentina: Medical Tourism Market, by Service Provider, 2019-2032 (USD Billion)
- Table 57 Argentina: Medical Tourism Market, by Treatment Type, 2019-2032 (USD Billion)
List of Figures
- Figure 1 Global Medical Tourism Market, 2019-2032 (USD Billion)
- Figure 2 Integrated Ecosystem
- Figure 3 Research Methodology: Top-Down & Bottom-Up Approach
- Figure 4 Market by Geography
- Figure 5 Porter's Five Forces
- Figure 6 Market by Service Provider
- Figure 7 Global Medical Tourism Market, by Service Provider, 2022 & 2032 (USD Billion)
- Figure 8 Market by Treatment Type
- Figure 9 Global Medical Tourism Market, by Treatment Type, 2022 & 2032 (USD Billion)
- Figure 10 Medical Tourism Market Assessment, By Geography, 2019-2032 (USD Billion)
- Figure 11 Strategic Analysis - Medical Tourism Market
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