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Medical Tourism Market Share

Report ID: GMI3022
Published Date: Apr 2024
Report Format: PDF

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Medical Tourism Market Share

The market is fragmented in nature, it commands a substantial share of the global healthcare sector, driven by factors such as cost-effective treatments and access to specialized medical services. Key players, including hospitals and clinics worldwide, cater to a diverse range of international patients seeking treatments abroad. Regions like Asia-Pacific and Europe are prominent hubs, with countries like Thailand, India, and Germany leading the market. The market's growth is propelled by technological advancements, government initiatives, and increasing patient preference for medical travel.

Medical Tourism Market Companies

Prominent players operating in the medical tourism industry include:

Apollo Hospitals Group
Asklepios Kliniken GmbH & Co. KGaA
Bumrungrad International Hospital
Fortis Healthcare Limited
KPJ Healthcare Berhad
MANIPAL HEALTH ENTERPRISES PVT LTD
Max Healthcare
Mount Elizbeth Hospitals
Narayana Health
Raffles Medical Group

Authors: Mariam Faizullabhoy , Gauri Wani

Frequently Asked Questions (FAQ) :

Medical tourism market size was USD 26.4 billion in 2023 and is expected to register 16.3% CAGR from 2024-2032 owing to increasing demand for surgeries and treatment procedures that are not covered by insurance worldwide.

The cosmetic surgery segment recorded USD 7.5 billion in 2023 and is expected to register an appreciable CAGR from 2024-2032 due to significantly increasing preference for procedures aimed at altering and enhancing physical appearance.

North America medical tourism industry is expected to register 15.6% CAGR from 2024-2032 due to high demand for cosmetic and elective procedures, largely influenced by aesthetic preferences, beauty standards, and lifestyle choices in the region.

Bumrungrad International Hospital, Fortis Healthcare Limited, KPJ Healthcare Berhad, MANIPAL HEALTH ENTERPRISES PVT LTD, Max Healthcare, Mount Elizbeth Hospitals, Narayana Health, and Raffles Medical Group, are some of the major medical tourism companies worldwide.