Global Medical Tourism Market Size, Share, Trends, Growth & COVID-19 Analysis Report – Segmented By Treatment Type (Orthopedic Treatment, Cardiovascular Treatment, Dental Treatment, Fertility Treatment, Cosmetic Treatment, Neurological Treatment and Cancer Treatment) and Region (North America, Europe, APAC, Latin America, Middle East and Africa) - Industry Forecast (2024 to 2029)

Updated On: January, 2024
ID: 1769
Pages: 175

Global Medical Tourism Market Size (2024 to 2029)

As per our recent report, the global medical tourism market size is forecasted to be worth USD 111.2 billion by 2029 from USD 47 billion in 2024, growing at a CAGR of 18.8% between 2024 to 2029. In 2022, the North American region accounted for the leading global medical tourism market share.

Medical tourism or Healthcare tourism is defined as traveling across countries to benefit the medical treatment of some form, which might not be accessible in the travelers' nation of origin. Medical tourism is considered the travel around international borders to avail medical treatment available in their home country. These treatments include IVF fertility treatment, cancer treatment, neuro surgeries, orthopedic surgeries and others. This treatment may incorporate a full cluster of therapeutic services. However, the most frequently profited services include dental care, elective surgery, fertility treatment, and cosmetic surgery. Developed Countries like the United States, Germany, United Kingdom, Singapore, Japan, Canada, and France offer highly advanced treatments and are some of the best countries for medical tourism. So, patients travel to such destinations when quality care is not available in the local environment.

Although the quality of treatment is reliable, medical tourism is often estimated to be expensive. As a result, the prices of significant health products are also costly. This situation places a considerable burden on the global healthcare system, as litigation costs have recently increased. Healthcare professionals need to be aware of the direct and indirect costs and consider ways to save money over time by implementing preventive programs. Developed nations cannot afford massive healthcare spending. Not all medical expenses were covered by the insurance company, which took the patient abroad. Compared to developed countries, countries in Asia, the Middle East, and South America offer high-quality medical services at much lower rates. Some companies can meet all the medical and non-medical needs of tourists while traveling.


The availability of superior quality healthcare and technological developments are majorly promoting the global medical tourism market growth.

Medical tourism is one of the fastest-growing markets in the world. People travel abroad using treatments and are being treated for health problems. Also, increased awareness of advanced medical facilities is promoting the growth of the medical tourism market. Developing countries are increasingly paying attention to technological advances and quality services in the medical and healthcare fields. The rapid adoption of technological advancements, quicker access to medically necessary procedures, low-cost care for associated treatment, lower-cost care for discretionary procedures, and better-quality care for medically necessary procedures are further fuelling the growth rate of the medical tourism market. Improvement and growth in medical tourism depend on the extent of travel by people for treatment, which should be affordable and accessible. For instance, cancer treatment is expensive, and the duration of treatment is prolonged. Hence, people migrate to foreign countries for better accessibility in the price range, which contributes to the growth of the medical tourism market. According to the World Health Organization (WHO) report, the total fare for heart bypass surgery is 10,000 USD in India, 113,000 USD in America, 9,000 USD in Malaysia, and 7,410 USD in Poland. Likewise, angioplasty, it is 47,000 USD in America, 11,000 USD in India, 13,000 USD in Singapore, and 7,300 USD in Poland. Many hospitals have more extensive networks to engage with pay reimbursement activities through medical claims and insurance, which is supporting the medical tourism market in growing further.

According to a few reports in 2019, in terms of revenue, Thailand dominated the market as 2.8 million people took medical care due to the excellent healthcare services from Thailand. Other growing medical tourism destinations include Taiwan, Singapore, Spain, and Colombia. Medical tourism, another beneficial factor, is that they concentrate on insurance pilot programs and health benefit plans. 

Medical tourism market in which the affordability and accessibility of high-quality medical services and the support of the tourism sector and local governments are factors driving the growth of the global medical tourism market. Also, the latest medical technologies in medical tourism centers worldwide are expected to drive market growth. The government's support to maintain the general reputation and political stability of the host country is a crucial factor driving the Medical Tourism Market. Besides, there is a growing demand for non-insurable procedures such as gender reassignment surgery, fertility treatment, dental reconstruction, and cosmetic surgery.

Patients who can wait for treatment in other states or countries seek medical advice from doctors virtually. Patients with severe chronic diseases who need immediate care are still flying with even more care on domestic airlines. Providing communication options for the patients through texting or patient portals is solely to help the market in the pandemic situation. In various countries, government authorities are supporting medical tourism in new and different ways. Government investments in medical tourism companies will lucratively accelerate the market's growth rate to an extent.


The rigorous documentation process, visa approval issues and inadequate insurance coverage are primarily hampering the growth of the medical tourism market.

Conditions that include deep vein thrombosis, tuberculosis, amoebic dysentery, and paratyphoid fever caused by poor postoperative care and insufficient rest are other significant factors limiting the global medical tourism market growth. Extended duration for assisting medical treatment, post-surgery complications incorporated with the restricted chance of follow-up, and high costs to undergo preventive surgery in developed countries further restrict the global medical tourism market growth.

Additionally, the medical tourism market growth is hampered by long waiting times for medical treatments, patient follow-up problems, and post-surgery complications. The high cost of traveling, where average citizens cannot afford it, is steadily degrading the medical tourism market's demand. Although the credentialing and sophistication of (some) destination country facilities can mitigate individual patient risks, the lack of benefits to poorer people in developed countries offering medical tourism remains a generic equity problem that would hinder market growth over the forecast period. Because of the COVID-19 pandemic globally, the medical tourism market is one of the most affected industries.

Impact Of COVID-19 On the Global Medical Tourism Market

During the COVID-19 era, the growth curve of the medical tourism market was flattened. The key causes of the collapse of market shares are lockdown restrictions and the ban on international flights. Emergency services are, however, continuing in every region of the world. By taking proper steps to fight against coronavirus, the lockdown constraints are slowly coming to an end. The market for medical tourism will, therefore, be maintained in the coming days. Due to the COVID-19 pandemic, major medical tourism markets, including famous medical tourism destinations such as India, China, and other developing countries, have experienced negative impacts.




Market Size Available

2023 to 2029

Base Year


Forecast Period

2024 to 2029

Segments Analysed

By Treatment Type and Region

Various Analyses Covered

Global, Regional & Country Level Analysis, Segment-Level Analysis, Drivers, Restraints, Opportunities, Challenges; PESTLE Analysis; Porter's Five Forces Analysis, Competitive Landscape, Analyst Overview of Investment Opportunities

Countries Analysed

North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa

Key Market Players

Min-Sheng General Hospital, Apollo Hospitals Enterprise Limited, Samitivej Sukhumvit, Fortis Healthcare Ltd, Asian Heart Institute, Prince Court Medical Center, Bangkok Hospital Medical Center, KPJ Healthcare Berhad, Raffles Medical Group and Bumrungrad International Hospital



Global Medical Tourism Market Analysis By Treatment Type

Based on treatment type, the cardiovascular and cancer segments occupy a major share of the worldwide market; in contrast, the fertility treatment segment is expected to show the fastest growth throughout the forecast period. During the forecast period, the segment is projected to record a CAGR of 9.7%. Moreover, fertility treatment is among the most common treatments for which medical tourists choose to fly across international borders.

Due to the increasing prevalence of coronary artery diseases, the cardiovascular surgery segment will see a significant growth of 7% during the forecast period. The main reasons for high CVD prevalence are lack of physical exercise, adopting a sedentary lifestyle together, and a sub-optimal diet.


Regionally, the North American medical tourism market captured a considerable share of the worldwide market in 2023. Factors such as advanced medical technologies and services are propelling the market. The U.S. medical tourism market led the North American region in 2023 due to the availability of advanced cancer, neurological, and cardio treatments in this country. As a result, the Canadian medical tourism market will grow healthy during the forecast period.

The medical tourism market in Europe is anticipated to have a healthy growth rate in the coming years. Advancements in technology and quality management in the healthcare and medical sectors majorly drive medical tourism in Europe. Germany is predicted to be the fastest-growing region in Europe due to its international quality standards, high-quality service, and medical insurance mobility.

The medical tourism market in APAC is estimated to hold a notable share of the worldwide market during the forecast period. Increasing medical tourism priority for developing countries like Singapore, Thailand, India, and Malaysia is attributed to the availability of advanced medical treatments at substantially lower costs than developed countries. Besides, various government programs to promote medical travel will fuel regional development significantly in the future. The involvement of multi-specialty hospitals that provide advanced technological therapies will play a key role in boosting the growth of the global medical tourism market. India is renowned for advanced cardiac surgery, while Singapore is a popular destination for medical tourism due to its complicated surgery expertise. Thailand is a well-known medical tourism destination, and since 2006, millions of patients have been traveling to Thailand. It is also the world's top source for cosmetic surgery. Due to improved healthcare facilities, China is considered to have a significant market share. Therefore, the appearance of multi-specialty hospitals is influencing the market of medical tourism growth.

The Latin American medical tourism market is predicted to occupy a considerable share of the global market during the forecast period. The growth of this region is due to the different steps taken by the governments of the Latin America region countries like Mexico and Colombia, which are required to make betterments in healthcare infrastructure, which outstandingly boosts the market growth over the period.

The MEA medical tourism market is estimated to grow at a sluggish CAGR during the forecast period. The growing availability of medical experts is likely to propel the market growth. UAE is expected to have the largest share of the region with an increasing number of cancer patients; increasing capital income is likely to enhance the market. Saudi Arabia is ranked second for having a dominating market share. The market growth owing to the launch of government schemes for assisting the end-users is driving the market growth of the period.


Companies playing a leading role in the worldwide medical tourism market profiled in this report are Min-Sheng General Hospital, Apollo Hospitals Enterprise Limited, Samitivej Sukhumvit, Fortis Healthcare Ltd, Asian Heart Institute, Prince Court Medical Center, Bangkok Hospital Medical Center, KPJ Healthcare Berhad, Raffles Medical Group and Bumrungrad International Hospital.


  • In February 2018, the Thai government announced prerequisites for granting smart visas for professionals or people in business interested in investing in new companies that will help international medical tourism suppliers expand their business in Thailand with opportunities such as a four-year visa allowance.
  • In May 2019, Apollo Hospitals declared in mid-2019 the release of a comprehensive women's and childcare unit in Karnataka state with 43 ICU beds and four neonatal ICU beds. The approach would allow the company to extend its products to a broad base of customers.
  • In late 2018, the Bone Marrow Transplant (BMT Unit) was established by SRCC Children's Hospital (operating under Narayana Health). This facility allowed Narayana Health to provide Indian and foreign patients with bone marrow transplants, thereby increasing its client base.


This research report on the global medical tourism market has been segmented and sub-segmented based on the treatment type and region.

By Treatment Type

  • Orthopedic Treatment
  • Cardiovascular Treatment
  • Dental Treatment
  • Fertility Treatment
  • Cosmetic Treatment
  • Neurological Treatment
  • Cancer Treatment

By Region

  • North America
  • Europe
  • Asia-Pacific
  • Latin America
  • Middle East and Africa

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Frequently Asked Questions

How much the global medical tourism is going to be worth by 2028?

The global market for medical tourism is growing rapidly and is predicted to value USD 93.61 billion by 2028.

Which geographical region is dominating the medical tourism market?

Based on the region, the North American region led the medical tourism market in 2022.

Which segments by treatment type are dominating the medical tourism market?

Based on the treatment type, the CVD and cancer segments are currently dominating the global medical tourism market.

Which are the significant players operating in the medical tourism market?

Min-Sheng General Hospital, Apollo Hospitals Enterprise Limited, Samitivej Sukhumvit, Fortis Healthcare Ltd, Asian Heart Institute, Prince Court Medical Center, Bangkok Hospital Medical Center, KPJ Healthcare Berhad, Raffles Medical Group and Bumrungrad International Hospital are some of the promising companies operating in the global medical tourism market.

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