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ASEAN Medical and Wellness Tourism Market Trends

  • Report ID: GMI11800
  • Published Date: Oct 2024
  • Report Format: PDF

ASEAN Medical and Wellness Tourism Market Trends

The market has seen rapid growth, driven by increasing demand for affordable, high-quality healthcare services. Countries like Thailand, Malaysia, and Singapore have become top destinations due to their advanced healthcare infrastructure, skilled medical professionals, and competitive pricing. Medical tourists from regions like Europe, Middle East, and neighbouring Asian countries are drawn to ASEAN for a range of treatments, including cosmetic surgery, dental care, and fertility treatments.
 

  • Wellness tourism is a growing sector, with many ASEAN countries offering holistic therapies and wellness programs that blend traditional and modern healing practices. Popular options include spa retreats, detox programs, yoga, and alternative medicine, such as Ayurveda and traditional Chinese medicine. Countries like Indonesia and Thailand are well-known for their wellness resorts, providing a peaceful environment for recovery and relaxation.
     
  • However, the COVID-19 pandemic initially slowed the market, but recovery is underway as countries reopen their borders and implement stringent safety protocols. Digitalization in healthcare, including telemedicine and online consultations, has played a significant role in sustaining the market during the pandemic. The ASEAN region's ability to offer healthcare services and wellness programs tailored to a diverse range of international tourists, combined with efforts to market themselves as safe and reliable destinations, is expected to drive continued growth.
     
Authors: Mariam Faizullabhoy, Gauri Wani

Frequently Asked Questions (FAQ) :

The ASEAN medical and wellness tourism industry was valued at USD 51.5 billion in 2023 and is expected to grow at a 12.7% CAGR from 2024 to 2032, driven by a focus on cost-effectiveness and rising disposable incomes.

The wellness tourism segment generated USD 37 billion in 2023, with increasing awareness about health and wellness driving demand for holistic health approaches.

Prominent players include AEK Udon International Hospital, Bumrungrad International Hospital, COMO Hotels and Resorts, Four Seasons Hotels, Gojek, Grab Holdings Ltd., Hilton Worldwide Holdings Inc., IHH Healthcare, InterContinental Group, KPJ Healthcare Berhad, and Mahkota Medical Centre.

ASEAN Medical and Wellness Tourism Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 21
  • Tables & Figures: 86
  • Countries covered: 9
  • Pages: 146
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