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The global medical tourism market size is estimated to grow from USD 33.78 billion in 2024 to USD 176.17 billion by 2035, representing a CAGR of 16.20% during the forecast period.
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Medical tourism is a common practice of traveling to different destinations and across international borders for healthcare facilities. With rising disposable income, medical insurance coverages and growing preferences for advanced healthcare services, medical tourism is booming across the globe. According to the recent data released by Crisil, a credit rating agency, nearly 7.3 million people in 2024 are expected to visit India for medical treatments. It is important to highlight here that majority of people travel to different destinations to seek advanced medical care for a variety of conditions including cosmetic, knee replacement, cardiological disorders and other non-essential medical procedures.
Moreover, the availability of low-cost healthcare facilities in developing countries has catered the attention of patients from developed countries like USA and the UK. Thus, growing number of individuals travelling for medical treatment and increasing technological advancements in healthcare industry are the key drivers of the medical tourism industry.
In order to make medical tourism more accessible to the wide range of patient pool, several industry players are following strategic initiatives for the expansion of tourism services specifically for medical practices. For instance, in September 2024, EaseMyTrip.com (leading online travel tech platform of India) announced acquisition of Pflege Home Healthcare (49% equity Stake) and Rollins International (30% equity stake) for the expansion of medical tourism. Under this acquisition EaseMyTrip aligns to provide travel solutions by integrating healthcare services and wellness services into its services portfolio as an exceptional medical tourism package.
Similarly, various other market players are expanding their collaborations and partnerships for encouraging medical tourism. Driven by the ongoing demand for advanced medical technologies, we believe that medical tourism market will continue to grow at a steady pace during the forecast period, making this industry investible for long term.
The research report provide in-depth information about leading players of the industry who have been active across various segments of the market as mentioned in the table below.
| Key Report Attributes | Details | |
| Historical Trend | Since 2019 | |
| Forecast Period | Till 2035 | |
| Market Size 2035 | USD 176.17 billion | |
| Market CAGR | ~16.20% | |
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| Types of Age Group |
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| Type of Service |
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| Type of Tourist |
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| Type of Application |
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| Key Geographical Region |
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| Key Companies Profiled |
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| PowerPoint Presentation (Complimentary) |
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| Customization Scope | 15% Free Customization | |
| Excel Data Packs (Complimentary) |
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One of the key objectives of the medical tourism market report was to estimate the current market size, opportunity and the market growth potential, over the forecast period, till 2035. We have provided informed estimates on the likely evolution of the market for the forecast period.
Additionally, the market report features the likely distribution of the of the current and forecasted opportunity within the market across various segments, such as type of service provider (private and public), type of age group (senior citizens, minors and adults), type of service (transport, accommodation, hospitality and other services), type of tourist (group tourists and individual tourists), type of application (cosmetic surgery, cardiovascular surgery, orthopedic surgery, oncology treatment, dental surgery, bariatric surgery and fertility treatment), geographical region (North America, Europe, Asia-Pacific, Middle East and North Africa, and Latin America) and leading players.
To account for the uncertainties associated with the development of medical tourism and to add robustness to our model, we have provided three market forecast scenarios, portraying the conservative, base and optimistic tracks of the market’s evolution.
All actual figures have been sourced and analyzed from publicly available information forums and primary research discussions. Financial figures mentioned in this market research report are in USD, unless otherwise specified.
The global medical tourism market is segmented based on type of service provider into private and public. According to our projection, currently the private service provider is dominating the market with a share of 66%. This dominance is primarily due to the fact that private medical service providers are adopting innovative medical technologies to offer specialized care to patients. The private hospitals are also attracting patients through promotional activities and word of mouth marketing. Additionally, private healthcare groups across nations are partnering to increase access to medical services for visitors from their countries. In September 2024, Bangkok Dusit Medical Services, which has a network of 58 hospitals across Thailand, partnered with Medsi Group from Russia to ensure quality healthcare to Russian tourists in Thailand.
Furthermore, the growing patient preferences for personalized care and privacy concerns has bolstered the adoption of private medical services. In addition, several organizations providing medical insurance within developed countries are encouraging the integration of health tourism packages in their plans to avail high quality healthcare services abroad. Private sectors are also focusing on the patient-centric approach to deliver personalized care, reducing waiting times and offering more attention to individual patients for seamless experiences.
It is important to highlight here that public healthcare providers are also experiencing a substantial growth driven by the increasing patient mobility across the globe for medical facilities. Further, public healthcare organizations are improving state-of-the-art hospitality and incorporating telemedicine to improve patient outcome. In addition, many government organizations are also encouraging medical tourism facilities to international patients, which further boosted the growth of this segment during the forecast period.
Based on the age group, the global medical tourism market is segmented into senior citizens, minors and adults. Presently, adults hold the highest share of the market. This dominance is primarily due to the fact that middle-aged adults (35-55 years) are seeking medical services such as fertility treatments, dental procedures and elective surgeries from abroad. Moreover, the growing disposable income and broader coverage of medical insurance for specialized care has contributed to the growth of this segment.
However, globally there is growing population of senior citizens (above 55 years old), who are more prone to age related disorders such as cardiovascular diseases, osteoarthritis and neurological disorders that require specialized medical treatment. Thus, the senior citizens segment is likely to grow at a higher CAGR during the forecast period.
The global market is categorized based on the type of services across transport, accommodation, hospitality and other services. Based on our analysis, currently accommodation and hospitality services hold the highest medical tourism market share. Medical tourism covers the expenditure of hospital stays, specialized medical centers and private resorts that specifically cater to the requirement of the patients. Moreover, several medical tourism services providers also cover medical procedures and post-treatment recovery options, which further contribute to the growth of this segment over the forecast period. It is worth noting here that the hospitality segment will continue to grow at a higher CAGR driven by the increase in the patient population preferring international healthcare services.
This segment highlights the distribution of global medical tourism market based on type of tourist into group tourists and individual tourists. Currently, group tourists occupy the highest share (55%) of the market. This can be attributed to the fact that group travel is relatively cost-effective and numerous people prefer to travel in group for wellness, rehabilitation and spas in foreign destinations.
Additionally, medical tourism providers offer specialized group tourism packages that further support the growth of group tourists segment during the forecast period. However, driven by the growing demand for personalized care, individual tourists segment will grow at the highest CAGR during the forecast period.
Based on the type of application, the global market is segmented into cosmetic surgery, cardiovascular surgery, orthopedic surgery, oncology treatment, dental surgery, bariatric surgery and fertility treatment. According to our projection, presently cosmetic surgery occupies the highest medical tourism market share (21%). Several factors such as increasing disposable income, and high demand for anti-aging treatments to achieve youthful appearance are the key growth factors of this segment.
It is important to highlight here that cosmetic treatments and dental procedures in developing countries such as India and Thailand are comparatively affordable, attracting medical tourists for receiving treatment.
However, In the long run, oncology treatment will grow at a higher CAGR during the forecast period. This can be attributed to the growing incidence of cancer across the globe. It is worth noting here that the increasing incidence of breast cancer in female population has surged the requirement of cancer treatment, thereby bolstering the growth of medical tourism industry during the forecast period.
The global medical tourism market is distributed across various types of geographical regions, such as North America, Europe, Asia-Pacific, Middle East and North Africa, and Latin America. According to our projection, presently North America holds the highest share (21%) of the global market for medical tourism. North America is experiencing a high requirement for cosmetic surgeries and elective treatment procedures, driven by the hype bolstered by social media, aesthetic preferences and lifestyle choices. Furthermore, in United States, large pool of population opting for medical tourism for seeking dental treatments, cosmetic surgeries, weight loss surgeries and fertility treatment. Additionally, medical tourism providers are offering comprehensive packages along with state-of-the-art medical facilities, which is further influencing the growth of the market in this region.
In Asia-Pacific, the medical tourism industry is likely to grow at a significant CAGR driven by the availability of advanced medical facilities, adoption of healthcare technology industry and experienced medical professionals. Furthermore, the government organizations of Asian countries such as China, Japan and India are promoting medical tourism, contributing to the higher growth potential of this region. To promote medical tourism a number of wellness retreats are also coming up in this region to promote practices like meditation and yoga.
Private hospitals in countries like India have been benefiting from growth of medical tourism. India mainly caters to tourists from south-east Asia and Middle East. As per CRISIL Ratings, medical tourism accounts for 10-12% of the annual revenue of private hospitals in India. This is mainly attributed to comparatively lower treatment costs, world-class hospital and clinics and skilled healthcare staff.
The “Medical Tourism Market: Industry Trends and Global Forecast, till 2035” report features an extensive study, with focus on competitive landscape, strategic initiatives, emerging mega trends, selected company profiles and, key drivers and restraints. The market report highlights the efforts of several stakeholders engaged in this rapidly evolving segment of the healthcare industry. Key takeaways of the market report are briefly discussed below.
The market landscape of medical tourism features the presence of several well-established and new entrants. Currently, medical tourism is growing exponentially across the globe to make healthcare facilities more accessible to the population beyond geographical boundaries. Furthermore, key medical tourism service providers are focusing on extensive research for offering healthcare treatment at an affordable price. In order to leverage competitive edge, several market players have taken strategic initiatives such as acquisitions, mergers and collaborations aiming to enhance technological advancements to meet patient preferences.
The market for medical tourism is witnessing an upsurge due to the increasing preferences for high quality healthcare services by the people. The rise in medical tourism has also been driven by due to increase in waiting times in their own government driven healthcare facilities. As stated by Vered Lobel, CEO of OneBefore “Medical tourism is booming. As waiting list times on the NHS have reached a record high, the number of patients leaving Britain for overseas medical treatment, including hip, knee and cataract operations, fertility treatment, and bariatric, dental and cosmetic surgery, has trebled.”
It is important to highlight here that many medical tourism providing countries such as Singapore, Malayisa and South Korea are making considerable investment to upgrade healthcare infrastructure. The advancements in the healthcare infrastructure to meet global standard is attracting international patients for high quality medical facilities. Medical tourism also enables patients to take specialized treatment, cutting edge therapies such as stem cell therapy and cosmetic treatment, supporting the growth of this industry during the forecast period.
Several challenges that may hinder the medical tourism market growth includes legal concerns and struggle with post-treatment follow-up. In many countries, patients might be refrained from legal patient rights protection and unavailability of legal recourse in case of complication may impede medical tourism, affecting market growth. Furthermore, after treatment patient may require follow-up with healthcare professionals or post-treatment care. Post treatment follow-up specially for international patients, can be challenging. Additionally, cultural and language barriers may impact the interaction between medical professionals and patients.
Some of the significant trends that are propelling market growth includes advancements in digital health services and telemedicine. It is important to highlight here that market leaders are continually focusing on expanding 5G technology and digital health network for seamless interaction with patients. The integration of telemedicine and digital healthcare services will enable healthcare practitioners to provide post-treatment follow-up, thereby resolving the issue of post-care facilities. At the same time artificial intelligence (AI) powered platforms are also being introduced for medical tourism bookings. In August 2024, HealthStay.io launched AI powered sales and booking management solution in the UAE.
Additionally, the enhancements in advancement technologies to improve healthcare services and specialized medical visa and healthcare insurance packages are contributing to the growth of this industry during the forecast period. Insurance companies are also collaborating to offer medical tourism travel insurance. In October 2024, UK based OneBefore partnered with Pulse Insurance to offer Pulse Globetrotter medical travel insurance.
Several other trends that have prompted the growth of the medical tourism industry include increasing demand for cosmetic surgeries and demand for high quality treatment for cancer patients.
Currently, North America is dominating the market owing to the availability of advanced medical infrastructure and growing demand for cosmetic procedures. North American region witness highest medical tourist visitors for cardiology and orthopedic treatment, contributing to the higher share of the market.
Moreover, the European region also hold a substantial share of the market owing to the increasing advancements in medical infrastructure that attract medical tourists from the world. It is important to highlight here that Asian region will continue to grow at a higher compounded annual growth rate during the forecast period. This can be attributed to the fact that Asian countries such as Thailand is amongst the most popular medical tourism destination to achieve healthcare services such as cosmetic treatment and elective surgeries.
The global medical tourism market is estimated to grow from USD 33.78 billion in 2024 to USD 176.17 billion by 2035. Driven by the growing demand for advanced healthcare services, there is a surge noticed in tourism across the globe for achieving world class treatment. Medical tourism practices have currently increased across the globe to achieve high quality healthcare services, wellness and overall wellbeing. Moreover, the growing disposable income and broader insurance coverage for health services beyond geographical reach has further prompted market growth. The ongoing trend of receiving international healthcare services is likely to grow the market at a CAGR of 16.20% during the forecast period.
Examples of key players engaged in this domain (which have also been captured in this report) include Apollo Hospitals, Aditya Birla Memorial Hospital, Bumrungrad International Hospital, Bangkok Hospital, Barbados Fertility Center, Dr. B. L. Kapur Memorial Hospital, Fortis Healthcare, Kasemrad International Hospital Rattanathibet, KPJ Healthcare Berhad, Mount Elizabeth Hospitals, Mission Hospital, MOHW Hengchun Tourism Hospital, Miot Hospital, Prince Court Medical Centre, Penang Adventist Hospital and Samitivej.
Several recent developments have taken place in the field of medical tourism. We have outlined some of these recent initiatives below.