The size of the MEA Medical Tourism Market is projected to be USD 1.46 billion by 2028 and USD 0.97 billion in 2023, growing at a CAGR of 8.5% from 2023 to 2028.
Huge investments by government bodies in the hospital sector to promote better quality treatment procedures for the people are key driving factors for the market to grow in this region. The rising number of patients suffering from various health disorders is straightly propelling the demand for the medical tourism market in the Middle East and Africa. Growing awareness over the availability of different treatment procedures among individuals is accelerating the market's growth rate. Travel agencies are also offering great deals for medical travelers who are fuelling the market's growth rate. The development of healthcare centers with equipment and other services is expanding the market's demand to the extent. The rise in the number of private hospitals and prevalence to support high-quality services and facilities to the patients is leveling up the market's demand.
Growth opportunities for the market lie in the emergence of advanced technologies in the medical sector. The availability of skilled professionals in developed countries is also one factor creating a chance for the market to grow. Stringent rules and regulations by the government to improve the healthcare services in hospitals are boosting the market demand. Increasing disposable income in both developed and developing countries is ascribed to gear up the market's growth rate.
However, fluctuations in the economic strategies are slightly hampering the growth of the market. The people in rural areas may not have complete knowledge of the medical tourism packages, and this will inhibit the growth rate of the medical tourism market in the Middle East & Africa. Increasing prices of tickets may also negatively impact the growth of the market.
This research report on the MEA medical tourism market has been segmented and sub-segmented into the following categories:
By Treatment Type:
In the Middle East and Africa, the UAE medical tourism market is estimated to grow at a promising rate during the forecast period due to the increasing number of cancer patients. Growing capital income is one of the factors for the market to grow in this country. Medical tourism has support from the government through investments which are expanding the growth rate of the market. Saudi Arabia is positioned second in having dominant shares of the market. The increasing availability of medical professionals is likely to bolster the demand of the market. Good deals between insurance companies and hospital management are also expanding the size of the market eventually in Saudi Arabia. The launch of government schemes in favor of the end-users is also magnifying the demand of the market. The rest of the Middle East & Africa is anticipated to slow growth rate in the coming years.
KEY MARKET PLAYERS:
A few of the leading companies in the MEA Medical Tourism Market are Min-Sheng General Hospital, Apollo Hospitals Enterprise Limited, Samitivej Sukhumvit, Fortis Healthcare Ltd., Prince Court Medical Center, Bangkok Hospital Medical Center, Asian Heart Institute KPJ Healthcare Berhad, Raffles Medical Group, and Bumrungrad International Hospital.
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