Medical Tourism Market Trends and Analysis by Region, Provider, Service (Medical Treatment and Wellness) and Segment Forecast to 2027

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Published: June 20, 2023 Report Code: GRCBBR00003TT-BB

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Accessing the in-depth insights from the ‘Medical Tourism’ report can help:

  • In assessing the expenditure made by inbound tourists for medical treatments and wellness services.
  • In exploring the ongoing mergers and acquisition activities in the market.
  • In understanding the trends of social media in the medical tourism industry.
  • In foreseeing shift in the medical landscape and align business strategies to capitalize on them.
  • In gaining detailed insights on technological development while evaluating the rising prominence of artificial intelligence, cloud, and mobile technology.
  • In anticipating the shift in demand and pivot business strategies to capitalize on them.

How is our ‘Medical Tourism’ report different from other reports in the market?

  • The report investigates the medical tourism sector in terms of expenditures based on service type and region.
  • The study entails a summarization of key factors or variables responsible for assisting market growth during the forecast period.
  • Detailed segmentation by service type– Medical Treatment, Wellness
  • Detailed sub-segmentation by medical treatment– Cardiovascular, Cancer, Orthopedic, Cosmetic, Bariatric, Dental, Ophthalmology, Alternative medicine, Fertility, Other
  • Detailed sub-segmentation by wellness– Destination Spas, Hotel/Resort Spas, Other Spas
  • With more than 120+ charts and tables, the report is designed with an easy digestible qualitative content.
  • The study presents intelligence around recent mergers & acquisitions and venture financing.
  • The key market participants operating within this market and their respective profiles are laid out with dedicated sections on company overview, financials, strategic initiatives, key personnel, and SWOT analysis.
  • The competitive landscape section encompasses coverage of the key players and their recent developments.

We recommend this valuable source of information to:

  • Travel Agencies
  • Healthcare Providers
  • Insurance Companies
  • Venture Capitalists
  • Investment Advisors
  • Consultancy Firms

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Medical Tourism Market Report Overview

The medical tourism market size revenue was valued at $31.9 billion in 2023 and is expected to grow at a compound annual growth rate (CAGR) of more than 13% over the forecast period. The following are some of the key highlights of the medical tourism market:

  • The affordability factor and access to advanced treatments with quality healthcare are anticipated to drive the medical tourism market over the forecast period.
  • Substantial cost savings are a key determinant when individuals consider foreign countries for healthcare options.
  • Among medical treatment types, the dental treatment category is expected to continue its dominance over the forecast period.
  • Europe accounted for the largest regional share in 2023 and is anticipated to continue its dominance over the forecast period.
  • In November 2023, Turkish healthcare company Ada Medical Teknoloji and Saglik AS signed an agreement with a UK-based Finance Health group to provide patients from the UK, US, and European Union with a 12-month installment service.

Medical Tourism Market Outlook, 2020-2027 ($Billion)

Medical Tourism Market Outlook, 2020-2027 ($Billion)

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The rising interest among individuals to improve the quality of life and health aided the market revenue growth in the post-pandemic era. The easing of travel restrictions in 2022 and 2023 directly contributed to boosting the demand for medical tourism during these years. Additionally, the pent-up demand coupled with the availability of easy instalment services propelled the post-pandemic market growth further. To capitalize on this trend, industry participants formed collaborations to offer flexible instalment payment options.

Market Size (2023) $31.9 billion
CAGR (2023-2027) >13%
Forecast Period 2023-2027
Historic Data 2020-2022
Report Scope & Coverage Industry Overview, Revenue Forecast, Segmental and Regional Analysis, Competitive Landscape, Company Profiles, Growth Trends
Service Type Segment Medical Treatment and Wellness
Medical Treatment Cardiovascular Treatment, Cancer Treatment, Orthopedic Treatment, Cosmetic Treatment, Bariatric Treatment
Wellness Destination Spas, Hotel/Resort Spas, Other Spas
Medical Treatment Service Provider Type Public and Private
Geography North America, Europe, Asia Pacific, South & Central America, Middle East & Africa
Countries US, Canada, Mexico, France, Germany
Key Companies Mayo Clinic, The Cleveland Clinic Foundation, Singapore General Hospital, Raffles Medical Hospital, Charite University Hospital of Berlin
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Medical Tourism Market Segmentation by Service Type

The market for medical tourism based on service type is bifurcated into wellness and medical treatment. The wellness segment dominated the market space in terms of revenue in 2023 and is expected to continue its dominance over the forecast period. The rising inclination towards healthy life among individuals, especially in the post-pandemic era is a key driver for segmental growth. This trend is positively influencing the launch of new wellness projects around the globe.

For instance, in March 2024, European Wellness, a popular health and wellness provider, announced an investment of approximately $80 million in the Sabah state of Malaysia. This venture aims to capitalize on the natural scenic beauty of the state with the expertise of European Wellness to provide an inclusive healthcare journey.

Medical Tourism System Market Analysis by Service Type, 2023 (%)

Medical Tourism System Market Analysis by Service Type, 2023 (%)

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Medical Tourism Market Segmentation by Medical Treatment Type

Dental treatment in countries like India and Turkey is much more economical as compared to the UK, US, and other developed nations. Hence, the wide cost difference is anticipated to remain a key drive for segmental growth over the predicted timeline.

The fastest-growing segment is alternative medicine. The rise of alternative medicine, especially among Western countries patients, is gaining traction owing to the limited side effects as compared to the conventional form of medicine. Alternative medicines are broadly categorized into mind-body therapies, biological therapies, biofield therapies, body-based therapies, and whole medicine systems.

Medical Tourism Market Analysis by Medical Treatment Type, 2023 (%)

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Medical Tourism Market Segmentation by Wellness

The industry segment of wellness is broken down into destination spas, hotel/resort spas, and other spas. Many international hotel chains are opening exclusive spa centres to attract a higher number of tourists. An example of this is the opening of 1 Hotel Mayfair’s new Bamford spa in London in October 2023, with an eco-conscious approach.

Destination spas registered third place in terms of revenue in 2023 and are projected to observe steady growth over the forecast period. The younger travelers seeking peace of mind or mental well-being are responsible for this revenue growth. This trend is pushing the development of new concepts of destination spas focusing on mental wellness.

Medical Tourism Market Analysis by Wellness, 2023 (%)

Medical Tourism Market Analysis by Wellness, 2023 (%)

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Medical Tourism Market Segmentation by Region

The European regional growth is primarily driven by Turkiye which is among the leading destinations of medical tourism around the globe. The low currency rates coupled with the English and European language-speaking population greatly assist its growth. The country is set to register the fastest CAGR over the forecast period, owing to the aforementioned factors. Meanwhile, South Korea is expected to remain among the most popular destinations owing to the rising inflow of travellers.

Medical Tourism Market Analysis by Region, 2023 (%)

Medical Tourism Market Analysis by Region, 2023 (%)

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In 2023, North America was projected to have claimed the third spot in revenue share, with the United States contributing 82.0%. However, Mexico is anticipated to remain the fastest-growing country in the region over the forecast period, supported by the affordable cost of treatments as compared to its regional peers.

Medical Tourism Market – Competitive Landscape

The marketspace of medical tourism is highly competitive with industry vendors competing at different levels including service, product, and hospitality. To maximize their presence across different regions, the vendors are gradually forming strategic partnerships with regional tourism boards.

For instance, in May 2023, UAE-based medical and wellness vendor Agora Group entered into a strategic partnership with the Philippine Department of Tourism. The collaboration aims to broaden the Philippines’ position as a medical tourism destination.

The industry participants are employing digital health platforms to enhance patient experience. The digital platforms currently under usage are telemedicine, electronic health records, and artificial intelligence-driven solutions.

Leading Medical Tourism Companies

  • Mayo Clinic
  • The Cleveland Clinic Foundation
  • Singapore General Hospital
  • Raffles Medical Hospital
  • Charite University Hospital of Berlin

Medical Tourism Market Analysis by Companies

Medical Tourism Market Analysis by Companies

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Other Medical Tourism Market Players Mentioned

Samitivej Hospital, Clemenceau Medical Center (CMC), Anadolu Medical Center, The Specialty Hospital, Prince Court Medical Center, Shouldice Hospital, Gleneagles Hospital, Massachusetts General Hospital, Sheba Medical Center, Heidelberg University Hospital, Liv Hospital Ankara, Loewenstein Hospital, TATA Hospital, Johns Hopkins Hospital, and St. Luke’s International Hospital

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Medical Tourism Market Segments

GlobalData Plc has segmented the medical tourism market report by service type, medical treatment type, wellness, medical treatment service providers, and region:

Medical Tourism Market Technology Outlook (Revenue, $Million, 2020-2027)

  • Medical Treatment
  • Wellness

Medical Tourism System Market Medical Treatment Type Outlook (Revenue, $Million, 2020-2027)

  • Cardiovascular Treatment
  • Cancer Treatment
  • Orthopedic Treatment
  • Cosmetic Treatment
  • Bariatric Treatment
  • Dental Treatment
  • Ophthalmology Treatment
  • Alternative Medicine
  • Fertility Treatment
  • Other

Medical Tourism System Market Wellness Type Outlook (Revenue, $Million, 2020-2027)

  • Destination Spas
  • Hotel/Resort Spas
  • Other

Medical Tourism System Market Medical Treatment Service Providers Outlook (Revenue, $Million, 2020-2027)

  • Public
  • Private

Medical Tourism System Market Regional Outlook (Revenue, $Million, 2020-2027)

  • North America
    • US
    • Canada
    • Mexico
  • Europe
    • Germany
    • France
    • Italy
    • Spain
    • Turkey
    • Hungary
    • Rest of Europe
  • Asia Pacific
    • India
    • South Korea
    • Thailand
    • Malaysia
    • Japan
    • China
    • Rest of Asia Pacific
  • South & Central America
    • Argentina
    • Costa Rica
    • Rest of South & Central America
  • Middle East & Africa
    • Kenya
    • Egypt
    • The UAE
    • Rest of Middle East & Africa

Key Players

Mayo Clinic
The Cleveland Clinic Foundation
Singapore General Hospital
Raffles Medical Hospital
Charite University Hospital of Berlin
Bumrungrad Hospital Public Company Ltd.
Seoul National University Hospital
Asklepios Kliniken GmbH & Co. KGaA
Apollo Hospitals Enterprise Ltd.
Bangkok Chain Hospital Public Co Ltd.

Table of Contents

  • Chapter 1 Executive Summary

  • Chapter 2 Research Scope & Segmentation

  • Chapter 3 Market Overview & Industry Analysis

  • Chapter 4 Medical Tourism – Industry Trend Analysis

    • 4.1. Medical Tourism – Market Drivers

    • 4.2. Medical Tourism – Market Challenges

    • 4.3. Medical Tourism – Market Opportunities

    • 4.4. Technological Trends

    • 4.5. Macroeconomic Trends

    • 4.6. Regulatory Trends

    • 4.7. PEST Analysis

  • Chapter 5 Medical Tourism – Dashboard Analytics

  • 5.1. M&A Analysis

  • 5.2. Venture Financing Analysis

  • 5.3. Social Media Analysis

  • Chapter 6 Medical Tourism Opportunity and Forecast

  • 6.1. Medical Tourism Market Snapshot

  • 6.2. Medical Tourism Market Estimates and Forecasts, By Service Type, 2020-2027 ($M)

  • 6.3. Medical Tourism Market Estimates and Forecasts, By Medical Treatment Type, 2020-2027 ($M)

  • 6.4. Medical Tourism Market Estimates and Forecasts, By Wellness, 2020-2027 ($M)

  • 6.5. Medical Tourism Market Estimates and Forecasts, By Medical Treatment Service Provider Type, 2020-2027 ($M)

  • 6.6. Medical Tourism Market Estimates and Forecasts, By Region, 2020-2027 ($M)

  • Chapter 7 Medical Tourism Regional Outlook

  • 7.1. Medical Tourism Market – Regional Deep Dive

  • 7.2. North America

    • 7.2.1. North America Medical Tourism Market Estimates and Forecasts, By Country, 2020-2027 ($M)

    • 7.2.2. North America Medical Tourism Market Estimates and Forecasts, By Service Type, 2020-2027 ($M)

      • 7.2.2.1. North America Medical Tourism Market Estimates and Forecasts, By Medical Treatment Type, 2020-2027 ($M)

      • 7.2.2.2. North America Medical Tourism Market Estimates and Forecasts, By Wellness, 2020-2027 ($M)

    • 7.2.3. US

      • 7.2.3.1. US Medical Tourism Market Estimates and Forecasts, By Service Type, 2020-2027 ($M)

        • 7.2.3.1.1. US Medical Tourism Market Estimates and Forecasts, By Medical Treatment Type, 2020-2027 ($M)

        • 7.2.3.1.2. US Medical Tourism Market Estimates and Forecasts, By Wellness, 2020-2027 ($M)

    • 7.2.4. Canada

      • 7.2.4.1. Canada Medical Tourism Market Estimates and Forecasts, By Service Type, 2020-2027 ($M)

        • 7.2.4.1.1. Canada Medical Tourism Market Estimates and Forecasts, By Medical Treatment Type, 2020-2027 ($M)

        • 7.2.4.1.2. Canada Medical Tourism Market Estimates and Forecasts, By Wellness, 2020-2027 ($M)

    • 7.2.5. Mexico

      • 7.2.5.1. Mexico Medical Tourism Market Estimates and Forecasts, By Service Type, 2020-2027 ($M)

        • 7.2.5.1.1. Mexico Medical Tourism Market Estimates and Forecasts, By Medical Treatment Type, 2020-2027 ($M)

        • 7.2.5.1.2. Mexico Medical Tourism Market Estimates and Forecasts, By Wellness, 2020-2027 ($M)

  • 7.3. Europe

    • 7.3.1. Europe Medical Tourism Market Estimates and Forecasts, By Country, 2020-2027 ($M)

    • 7.3.2. Europe Medical Tourism Market Estimates and Forecasts, By Service Type, 2020-2027 ($M)

      • 7.3.2.1. Europe Medical Tourism Market Estimates and Forecasts, By Medical Treatment Type, 2020-2027 ($M)

      • 7.3.2.2. Europe Medical Tourism Market Estimates and Forecasts, By Wellness, 2020-2027 ($M)

    • 7.3.3. Germany

      • 7.3.3.1. Germany Medical Tourism Market Estimates and Forecasts, By Service Type, 2020-2027 ($M)

        • 7.3.3.1.1. Germany Medical Tourism Market Estimates and Forecasts, By Medical Treatment Type, 2020-2027 ($M)

        • 7.3.3.1.2. Germany Medical Tourism Market Estimates and Forecasts, By Wellness, 2020-2027 ($M)

    • 7.3.4. France

      • 7.3.4.1. France Medical Tourism Market Estimates and Forecasts, By Service Type, 2020-2027 ($M)

        • 7.3.4.1.1. France Medical Tourism Market Estimates and Forecasts, By Medical Treatment Type, 2020-2027 ($M)

        • 7.3.4.1.2. France Medical Tourism Market Estimates and Forecasts, By Wellness, 2020-2027 ($M)

    • 7.3.5. Italy

      • 7.3.5.1. Italy Medical Tourism Market Estimates and Forecasts, By Service Type, 2020-2027 ($M)

        • 7.3.5.1.1. Italy Medical Tourism Market Estimates and Forecasts, By Medical Treatment Type, 2020-2027 ($M)

        • 7.3.5.1.2. Italy Medical Tourism Market Estimates and Forecasts, By Wellness, 2020-2027 ($M)

    • 7.3.6. Spain

      • 7.3.6.1. Spain Medical Tourism Market Estimates and Forecasts, By Service Type, 2020-2027 ($M)

        • 7.3.6.1.1. Spain Medical Tourism Market Estimates and Forecasts, By Medical Treatment Type, 2020-2027 ($M)

        • 7.3.6.1.2. Spain Medical Tourism Market Estimates and Forecasts, By Wellness, 2020-2027 ($M)

    • 7.3.7. Turkey

      • 7.3.7.1. Turkey Medical Tourism Market Estimates and Forecasts, By Service Type, 2020-2027 ($M)

        • 7.3.7.1.1. Turkey Medical Tourism Market Estimates and Forecasts, By Medical Treatment Type, 2020-2027 ($M)

        • 7.3.7.1.2. Turkey Medical Tourism Market Estimates and Forecasts, By Wellness, 2020-2027 ($M)

    • 7.3.8. Hungary

      • 7.3.8.1. Hungary Medical Tourism Market Estimates and Forecasts, By Service Type, 2020-2027 ($M)

        • 7.3.8.1.1. Hungary Medical Tourism Market Estimates and Forecasts, By Medical Treatment Type, 2020-2027 ($M)

        • 7.3.8.1.2. Hungary Medical Tourism Market Estimates and Forecasts, By Wellness, 2020-2027 ($M)

    • 7.3.9. Rest of Europe

      • 7.3.9.1. Rest of Europe Medical Tourism Market Estimates and Forecasts, By Service Type, 2020-2027 ($M)

        • 7.3.9.1.1. Rest of Europe Medical Tourism Market Estimates and Forecasts, By Medical Treatment Type, 2020-2027 ($M)

        • 7.3.9.1.2. Rest of Europe Medical Tourism Market Estimates and Forecasts, By Wellness, 2020-2027 ($M)

  • 7.4. Asia Pacific

    • 7.4.1. Asia Pacific Medical Tourism Market Estimates and Forecasts, By Country, 2020-2027 ($M)

    • 7.4.2. Asia Pacific Medical Tourism Market Estimates and Forecasts, By Service Type, 2020-2027 ($M)

      • 7.4.2.1. Asia Pacific Medical Tourism Market Estimates and Forecasts, By Medical Treatment Type, 2020-2027 ($M)

      • 7.4.2.2. Asia Pacific Medical Tourism Market Estimates and Forecasts, By Wellness, 2020-2027 ($M)

    • 7.4.3. India

      • 7.4.3.1. India Medical Tourism Market Estimates and Forecasts, By Service Type, 2020-2027 ($M)

        • 7.4.3.1.1. India Medical Tourism Market Estimates and Forecasts, By Medical Treatment Type, 2020-2027 ($M)

        • 7.4.3.1.2. India Medical Tourism Market Estimates and Forecasts, By Wellness, 2020-2027 ($M)

    • 7.4.4. South Korea

      • 7.4.4.1. South Korea Medical Tourism Market Estimates and Forecasts, By Service Type, 2020-2027 ($M)

        • 7.4.4.1.1. South Korea Medical Tourism Market Estimates and Forecasts, By Medical Treatment Type, 2020-2027 ($M)

        • 7.4.4.1.2. South Korea Medical Tourism Market Estimates and Forecasts, By Wellness, 2020-2027 ($M)

    • 7.4.5. Thailand

      • 7.4.5.1. Thailand Medical Tourism Market Estimates and Forecasts, By Service Type, 2020-2027 ($M)

        • 7.4.5.1.1. Thailand Medical Tourism Market Estimates and Forecasts, By Medical Treatment Type, 2020-2027 ($M)

        • 7.4.5.1.2. Thailand Medical Tourism Market Estimates and Forecasts, By Wellness, 2020-2027 ($M)

    • 7.4.6. Malaysia

      • 7.4.6.1. Malaysia Medical Tourism Market Estimates and Forecasts, By Service Type, 2020-2027 ($M)

        • 7.4.6.1.1. Malaysia Medical Tourism Market Estimates and Forecasts, By Medical Treatment Type, 2020-2027 ($M)

        • 7.4.6.1.2. Malaysia Medical Tourism Market Estimates and Forecasts, By Wellness, 2020-2027 ($M)

    • 7.4.7. Japan

      • 7.4.7.1. Japan Medical Tourism Market Estimates and Forecasts, By Service Type, 2020-2027 ($M)

        • 7.4.7.1.1. Japan Medical Tourism Market Estimates and Forecasts, By Medical Treatment Type, 2020-2027 ($M)

        • 7.4.7.1.2. Japan Medical Tourism Market Estimates and Forecasts, By Wellness, 2020-2027 ($M)

    • 7.4.8. China

      • 7.4.8.1. China Medical Tourism Market Estimates and Forecasts, By Service Type, 2020-2027 ($M)

        • 7.4.8.1.1. China Medical Tourism Market Estimates and Forecasts, By Medical Treatment Type, 2020-2027 ($M)

        • 7.4.8.1.2. China Medical Tourism Market Estimates and Forecasts, By Wellness, 2020-2027 ($M)

    • 7.4.9. Rest of Asia Pacific

      • 7.4.9.1. Rest of Asia Pacific Medical Tourism Market Estimates and Forecasts, By Service Type, 2020-2027 ($M)

        • 7.4.9.1.1. Rest of Asia Pacific Medical Tourism Market Estimates and Forecasts, By Medical Treatment Type, 2020-2027 ($M)

        • 7.4.9.1.2. Rest of Asia Pacific Medical Tourism Market Estimates and Forecasts, By Wellness, 2020-2027 ($M)

  • 7.5. Middle East & Africa

    • 7.5.1. Middle East & Africa Medical Tourism Market Estimates and Forecasts, By Country, 2020-2027 ($M)

    • 7.5.2. Middle East & Africa Medical Tourism Market Estimates and Forecasts, By Service Type, 2020-2027 ($M)

      • 7.5.2.1. Middle East & Africa Medical Tourism Market Estimates and Forecasts, By Medical Treatment Type, 2020-2027 ($M)

      • 7.5.2.2. Middle East & Africa Medical Tourism Market Estimates and Forecasts, By Wellness, 2020-2027 ($M)

    • 7.5.3. Kenya

      • 7.5.3.1. Kenya Medical Tourism Market Estimates and Forecasts, By Service Type, 2020-2027 ($M)

        • 7.5.3.1.1. Kenya Medical Tourism Market Estimates and Forecasts, By Medical Treatment Type, 2020-2027 ($M)

        • 7.5.3.1.2. Kenya Medical Tourism Market Estimates and Forecasts, By Wellness, 2020-2027 ($M)

    • 7.5.4. Egypt

      • 7.5.4.1. Egypt Medical Tourism Market Estimates and Forecasts, By Service Type, 2020-2027 ($M)

        • 7.5.4.1.1. Egypt Medical Tourism Market Estimates and Forecasts, By Medical Treatment Type, 2020-2027 ($M)

        • 7.5.4.1.2. Egypt Medical Tourism Market Estimates and Forecasts, By Wellness, 2020-2027 ($M)

    • 7.5.5. UAE

      • 7.5.5.1. UAE Medical Tourism Market Estimates and Forecasts, By Service Type, 2020-2027 ($M)

        • 7.5.5.1.1. UAE Medical Tourism Market Estimates and Forecasts, By Medical Treatment Type, 2020-2027 ($M)

        • 7.5.5.1.2. UAE Medical Tourism Market Estimates and Forecasts, By Wellness, 2020-2027 ($M)

    • 7.5.6. Rest of Middle East & Africa

      • 7.5.6.1. Rest of Middle East & Africa Medical Tourism Market Estimates and Forecasts, By Service Type, 2020-2027 ($M)

        • 7.5.6.1.1. Rest of Middle East & Africa Medical Tourism Market Estimates and Forecasts, By Medical Treatment Type, 2020-2027 ($M)

        • 7.5.6.1.2. Rest of Middle East & Africa Medical Tourism Market Estimates and Forecasts, By Wellness, 2020-2027 ($M)

  • 7.6. South & Central America

    • 7.6.1. South & Central America Medical Tourism Market Estimates and Forecasts, By Country, 2020-2027 ($M)

    • 7.6.2. South & Central America Medical Tourism Market Estimates and Forecasts, By Service Type, 2020-2027 ($M)

      • 7.6.2.1. South & Central America Medical Tourism Market Estimates and Forecasts, By Medical Treatment Type, 2020-2027 ($M)

      • 7.6.2.2. South & Central America Medical Tourism Market Estimates and Forecasts, By Wellness, 2020-2027 ($M)

    • 7.6.3. Argentina

      • 7.6.3.1. Argentina Medical Tourism Market Estimates and Forecasts, By Service Type, 2020-2027 ($M)

        • 7.6.3.1.1. Argentina Medical Tourism Market Estimates and Forecasts, By Medical Treatment Type, 2020-2027 ($M)

        • 7.6.3.1.2. Argentina Medical Tourism Market Estimates and Forecasts, By Wellness, 2020-2027 ($M)

    • 7.6.4. Costa Rica

      • 7.6.4.1. Costa Rica Medical Tourism Market Estimates and Forecasts, By Service Type, 2020-2027 ($M)

        • 7.6.4.1.1. Costa Rica Medical Tourism Market Estimates and Forecasts, By Medical Treatment Type, 2020-2027 ($M)

        • 7.6.4.1.2. Costa Rica Medical Tourism Market Estimates and Forecasts, By Wellness, 2020-2027 ($M)

    • 7.6.5. Rest of South & Central America

      • 7.6.5.1. Rest of South & Central America Medical Tourism Market Estimates and Forecasts, By Service Type, 2020-2027 ($M)

        • 7.6.5.1.1. Rest of South & Central America Medical Tourism Market Estimates and Forecasts, By Medical Treatment Type, 2020-2027 ($M)

        • 7.6.5.1.2. Rest of South & Central America Medical Tourism Market Estimates and Forecasts, By Wellness, 2020-2027 ($M)

  • Chapter 8 Medical Tourism- Competitive Landscape

  • 8.1. Medical Tourism – Vendor Growth-Innovation Matrix

  • 8.2. Competitive Positioning of Vendors in the Medical Tourism Market

  • 8.3. Medical Tourism – Mergers & Acquisitions

  • 8.4. Medical Tourism – Venture Financing

  • Chapter 9 Medical Tourism – Company Profiles

  • 9.1. Mayo Clinic

  • 9.2. The Cleveland Clinic Foundation

  • 9.3. Singapore General Hospital

  • 9.4. Raffles Medical Hospital

  • 9.5. Charite University Hospital of Berlin

  • 9.6. Bumrungrad Hospital Public Company Ltd.

  • 9.7. Seoul National University Hospital

  • 9.8. Bangkok Chain Hospital Public Co Ltd.

  • 9.9. Asklepios Kliniken GmbH & Co. KGaA

  • 9.10. Apollo Hospitals Enterprise Ltd.

  • Chapter 10 Research Methodology

  • 10.1. Research Methodology Steps

    • 10.1.1. Market Study

    • 10.1.2. Research

    • 10.1.3. Analysis

    • 10.1.4. Quality Control

  • Chapter 11 About GlobalData

Figures

  • Fig 1 Medical Tourism Market – Top Medical Tourism Country Markets, 2022 vs 2027

  • Fig 2 Medical Tourism Market – Timeline

  • Fig 3 Medical Tourism Market– Industry Stakeholders

  • Fig 4 Medical Tourism Market– M&A Analysis

  • Fig 5 Medical Tourism Market– Venture Financing/Private Equity Analysis

  • Fig 6 Medical Tourism Market– Social Media Analytics

  • Fig 7 Medical Tourism Market – Revenue Opportunity Forecast, 2020 – 2027 ($M)

  • Fig 8 Medical Tourism Market, By Service Type, 2020 – 2027 ($M)

  • Fig 9 Medical Tourism Market, By Medical Treatment, 2020 – 2027 ($M)

  • Fig 10 Medical Tourism Market, By Wellness, 2020 – 2027 ($M)

  • Fig 11 Medical Tourism Market, By Medical Service Provider Type, 2020 – 2027 ($M)

  • Fig 12 Medical Tourism Market, By Region, 2020 – 2027 ($M)

  • Fig 13 North America Medical Tourism Market – Opportunity Forecast, 2020-2027 ($M)

  • Fig 14 North America Medical Tourism Market, By Country, 2020 – 2027 ($M)

  • Fig 15 North America Medical Tourism Market, By Service Type, 2020 – 2027 ($M)

  • Fig 16 North America Medical Tourism Market, By Medical Treatment, 2020 – 2027 ($M)

  • Fig 17 North America Medical Tourism Market, By Wellness, 2020 – 2027 ($M)

  • Fig 18 US Medical Tourism Market, By Service Type, 2020 – 2027 ($M)

  • Fig 19 US Medical Tourism Market, By Medical Treatment, 2020 – 2027 ($M)

  • Fig 20 US Medical Tourism Market, By Wellness, 2020 – 2027 ($M)

  • Fig 21 Canada Medical Tourism Market, By Service Type, 2020 – 2027 ($M)

  • Fig 22 Canada Medical Tourism Market, By Medical Treatment, 2020 – 2027 ($M)

  • Fig 23 Canada Medical Tourism Market, By Wellness, 2020 – 2027 ($M)

  • Fig 24 Mexico Medical Tourism Market, By Service Type, 2020 – 2027 ($M)

  • Fig 25 Mexico Medical Tourism Market, By Medical Treatment, 2020 – 2027 ($M)

  • Fig 26 Mexico Medical Tourism Market, By Wellness, 2020 – 2027 ($M)

  • Fig 27 Europe Medical Tourism Market – Opportunity Forecast, 2020-2027 ($M)

  • Fig 28 Europe Medical Tourism Market, By Country, 2020 – 2027 ($M)

  • Fig 29 Europe Medical Tourism Market, By Service Type, 2020 – 2027 ($M)

  • Fig 30 Europe Medical Tourism Market, By Medical Treatment, 2020 – 2027 ($M)

  • Fig 31 Europe Medical Tourism Market, By Wellness, 2020 – 2027 ($M)

  • Fig 32 Europe Medical Tourism Market, By Region, 2020 – 2027 ($M)

  • Fig 33 Germany Medical Tourism Market, By Service Type, 2020 – 2027 ($M)

  • Fig 34 Germany Medical Tourism Market, By Medical Treatment, 2020 – 2027 ($M)

  • Fig 35 Fig 35. Germany Medical Tourism Market, By Wellness, 2020 – 2027 ($M)

  • Fig 36 France Medical Tourism Market, By Service Type, 2020 – 2027 ($M)

  • Fig 37 France Medical Tourism Market, By Medical Treatment, 2020 – 2027 ($M)

  • Fig 38 France Medical Tourism Market, By Wellness, 2020 – 2027 ($M)

  • Fig 39 Italy Medical Tourism Market, By Service Type, 2020 – 2027 ($M)

  • Fig 40 Italy Medical Tourism Market, By Medical Treatment, 2020 – 2027 ($M)

  • Fig 41 Italy Medical Tourism Market, By Wellness, 2020 – 2027 ($M)

  • Fig 42 Spain Medical Tourism Market, By Service Type, 2020 – 2027 ($M)

  • Fig 43 Spain Medical Tourism Market, By Medical Treatment, 2020 – 2027 ($M)

  • Fig 44 Spain Medical Tourism Market, By Wellness, 2020 – 2027 ($M)

  • Fig 45 Turkey Medical Tourism Market, By Service Type, 2020 – 2027 ($M)

  • Fig 46 Turkey Medical Tourism Market, By Medical Treatment, 2020 – 2027 ($M)

  • Fig 47 Turkey Medical Tourism Market, By Wellness, 2020 – 2027 ($M)

  • Fig 48 Hungary Medical Tourism Market, By Service Type, 2020 – 2027 ($M)

  • Fig 49 Hungary Medical Tourism Market, By Medical Treatment, 2020 – 2027 ($M)

  • Fig 50 Hungary Medical Tourism Market, By Wellness, 2020 – 2027 ($M)

  • Fig 51 Rest of Europe Medical Tourism Market, By Service Type, 2020 – 2027 ($M)

  • Fig 52 Rest of Europe Medical Tourism Market, By Medical Treatment, 2020 – 2027 ($M)

  • Fig 53 Rest of Europe Medical Tourism Market, By Wellness, 2020 – 2027 ($M)

  • Fig 54 Asia Pacific Medical Tourism Market – Opportunity Forecast, 2020-2027 ($M)

  • Fig 55 Asia Pacific Medical Tourism Market, By Country, 2020 – 2027 ($M)

  • Fig 56 Asia Pacific Medical Tourism Market, By Service Type, 2020 – 2027 ($M)

  • Fig 57 Asia Pacific Medical Tourism Market, By Medical Treatment, 2020 – 2027 ($M)

  • Fig 58 Asia Pacific Medical Tourism Market, By Wellness, 2020 – 2027 ($M)

  • Fig 59 Asia Pacific Medical Tourism Market, By Region, 2020 – 2027 ($M)

  • Fig 60 India Medical Tourism Market, By Service Type, 2020 – 2027 ($M)

  • Fig 61 India Medical Tourism Market, By Medical Treatment, 2020 – 2027 ($M)

  • Fig 62 India Medical Tourism Market, By Wellness, 2020 – 2027 ($M)

  • Fig 63 South Korea Medical Tourism Market, By Service Type, 2020 – 2027 ($M)

  • Fig 64 South Korea Medical Tourism Market, By Medical Treatment, 2020 – 2027 ($M)

  • Fig 65 South Korea Medical Tourism Market, By Wellness, 2020 – 2027 ($M)

  • Fig 66 Thailand Medical Tourism Market, By Service Type, 2020 – 2027 ($M)

  • Fig 67 Thailand Medical Tourism Market, By Medical Treatment, 2020 – 2027 ($M)

  • Fig 68 Thailand Medical Tourism Market, By Wellness, 2020 – 2027 ($M)

  • Fig 69 Malaysia Medical Tourism Market, By Service Type, 2020 – 2027 ($M)

  • Fig 70 Malaysia Medical Tourism Market, By Medical Treatment, 2020 – 2027 ($M)

  • Fig 71 Fig 71. Malaysia Medical Tourism Market, By Wellness, 2020 – 2027 ($M)

  • Fig 72 Japan Medical Tourism Market, By Service Type, 2020 – 2027 ($M)

  • Fig 73 Japan Medical Tourism Market, By Medical Treatment, 2020 – 2027 ($M)

  • Fig 74 Japan Medical Tourism Market, By Wellness, 2020 – 2027 ($M)

  • Fig 75 China Medical Tourism Market, By Service Type, 2020 – 2027 ($M)

  • Fig 76 China Medical Tourism Market, By Medical Treatment, 2020 – 2027 ($M)

  • Fig 77 China Medical Tourism Market, By Wellness, 2020 – 2027 ($M)

  • Fig 78 Rest of Asia Pacific Medical Tourism Market, By Service Type, 2020 – 2027 ($M)

  • Fig 79 Rest of Asia Pacific Medical Tourism Market, By Medical Treatment, 2020 – 2027 ($M)

  • Fig 80 Rest of Asia Pacific Medical Tourism Market, By Wellness, 2020 – 2027 ($M)

  • Fig 81 Middle East & Africa Medical Tourism Market – Opportunity Forecast, 2020-2027 ($M)

  • Fig 82 Middle East & Africa Medical Tourism Market, By Country, 2020 – 2027 ($M)

  • Fig 83 Middle East & Africa Medical Tourism Market, By Service Type, 2020 – 2027 ($M)

  • Fig 84 Middle East & Africa Medical Tourism Market, By Medical Treatment, 2020 – 2027 ($M)

  • Fig 85 Middle East & Africa Medical Tourism Market, By Wellness, 2020 – 2027 ($M)

  • Fig 86 Middle East & Africa Medical Tourism Market, By Region, 2020 – 2027 ($M)

  • Fig 87 Kenya Medical Tourism Market, By Service Type, 2020 – 2027 ($M)

  • Fig 88 Kenya Medical Tourism Market, By Medical Treatment, 2020 – 2027 ($M)

  • Fig 89 Kenya Medical Tourism Market, By Wellness, 2020 – 2027 ($M)

  • Fig 90 Egypt Medical Tourism Market, By Service Type, 2020 – 2027 ($M)

  • Fig 91 Egypt Medical Tourism Market, By Medical Treatment, 2020 – 2027 ($M)

  • Fig 92 Egypt Medical Tourism Market, By Wellness, 2020 – 2027 ($M)

  • Fig 93 UAE Medical Tourism Market, By Service Type, 2020 – 2027 ($M)

  • Fig 94 UAE Medical Tourism Market, By Medical Treatment, 2020 – 2027 ($M)

  • Fig 95 UAE Medical Tourism Market, By Wellness, 2020 – 2027 ($M)

  • Fig 96 Rest of Middle East & Africa Medical Tourism Market, By Service Type, 2020 – 2027 ($M)

  • Fig 97 Rest of Middle East & Africa Medical Tourism Market, By Medical Treatment, 2020 – 2027 ($M)

  • Fig 98 Rest of Middle East & Africa Medical Tourism Market, By Wellness, 2020 – 2027 ($M)

  • Fig 99 South & Central America Medical Tourism Market – Opportunity Forecast, 2020-2027 ($M)

  • Fig 100 South & Central America Medical Tourism Market, By Country, 2020 – 2027 ($M)

  • Fig 101 South & Central America Medical Tourism Market, By Service Type, 2020 – 2027 ($M)

  • Fig 102 South & Central America Medical Tourism Market, By Medical Treatment, 2020 – 2027 ($M)

  • Fig 103 South & Central America Medical Tourism Market, By Wellness, 2020 – 2027 ($M)

  • Fig 104 South & Central America Medical Tourism Market, By Region, 2020 – 2027 ($M)

  • Fig 105 Argentina Medical Tourism Market, By Service Type, 2020 – 2027 ($M)

  • Fig 106 Argentina Medical Tourism Market, By Medical Treatment, 2020 – 2027 ($M)

  • Fig 107 Argentina Medical Tourism Market, By Wellness, 2020 – 2027 ($M)

  • Fig 108 Costa Rica Medical Tourism Market, By Service Type, 2020 – 2027 ($M)

  • Fig 109 Costa Rica Medical Tourism Market, By Medical Treatment, 2020 – 2027 ($M)

  • Fig 110 Costa Rica Medical Tourism Market, By Wellness, 2020 – 2027 ($M)

  • Fig 111 Rest of South & Central America Medical Tourism Market, By Service Type, 2020 – 2027 ($M)

  • Fig 112 Rest of South & Central America Medical Tourism Market, By Medical Treatment, 2020 – 2027 ($M)

  • Fig 113 Rest of South & Central America Medical Tourism Market, By Wellness, 2020 – 2027 ($M)

  • Fig 114 Medical Tourism – Vendor Growth-Innovation Matrix

  • Fig 115 Mayo Clinic : Company Overview

  • Fig 116 Mayo Clinic : Financial Performance

  • Fig 117 The Cleveland Clinic Foundation : Company Overview

  • Fig 118 The Cleveland Clinic Foundation : Financial Performance

  • Fig 119 Singapore General Hospital : Company Overview

  • Fig 120 Raffles Medical Hospital : Company Overview

  • Fig 121 Raffles Medical Hospital : Financial Performance

  • Fig 122 Charite University Hospital of Berlin : Company Overview

  • Fig 123 Bumrungrad Hospital Public Company Ltd. : Company Overview

  • Fig 124 Bumrungrad Hospital Public Company Ltd. : Financial Performance

  • Fig 125 Seoul National University Hospital : Company Overview

  • Fig 126 Bangkok Chain Hospital Public Co. Ltd. : Company Overview

  • Fig 127 Bangkok Chain Hospital Public Co. Ltd. : Financial Performance

  • Fig 128 Asklepios Kliniken GmbH & Co.

  • Fig 129 Apollo Hospitals Enterprise Ltd. : Company Overview

  • Fig 130 Apollo Hospitals Enterprise Ltd. : Financial Performance

  • Fig 131 Research Methodology Steps

  • Fig 132 Core Objectives of the Market Study

  • Fig 133 Research Approach

  • Fig 134 Analysis Flow

  • Fig 135 Quality Control Flow

Frequently asked questions

  • What was the medical tourism market size in 2023?

    The medical tourism market size was valued at $31.9 billion in 2023.

  • What is the medical tourism market growth rate?

    The medical tourism market is expected to grow at a CAGR of 14.0% during the forecast period.

  • What is the key medical tourism market driver?

    The medical tourism market growth is primarily driven by affordable healthcare and reduced wait times in foreign countries.

  • Which was the leading service type segment in the medical tourism market in 2023?

    The wellness category accounted for the largest medical tourism market share in 2023.

  • Which are the leading medical tourism companies globally?

    The leading medical tourism companies are Mayo Clinic, The Cleveland Clinic Foundation, Singapore General Hospital, Raffles Medical Hospital, Charite University Hospital of Berlin, Bumrungrad Hospital Public Company Ltd., Seoul National University Hospital, Asklepios Kliniken GmbH & Co. KGaA, Apollo Hospitals Enterprise Ltd., and Bangkok Chain Hospital Public Co Ltd.

  • Is there a third level of segmentation in the report?

    GlobalData’s focus is on providing reliable and accurate data that is supported by robust research methodology. Our reports undergo rigorous quality checks and are based on primary and secondary research sources, ensuring that the numbers and insights provided are trustworthy. However, despite the best efforts to gather comprehensive data, there could be instances where the available data is limited, making it challenging to provide third-level segmentation. In such cases, GlobalData may choose to provide high-level insights and general trends rather than forcing segmentation that may not be backed by sufficient data. This approach ensures that the report’s overall quality and credibility are maintained.

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