Asia-Pacific Medical Tourism Market Size (2024 - 2029)

APAC Medical Tourism Market Analysis

The Asia-Pacific Medical Tourism Market size is estimated at USD 53.11 billion in 2024, and is expected to reach USD 108.43 billion by 2029, growing at a CAGR of 15.34% during the forecast period (2024-2029).

The Covid-19 pandemic outbreak significantly impacted the Asia-Pacific Medical Tourism Market. Due to travel restrictions, lockdowns, and the risk of contracting the virus, many patients postponed or canceled their medical trips to other countries, significantly declining medical tourist numbers. The closure of borders and travel restrictions impacted the medical tourism industry in the Asia-Pacific region, as it heavily relied on international patients. Many healthcare facilities saw declining revenues and had to postpone or cancel their expansion plans. The pandemic also affected the demand for various medical procedures in the Asia-Pacific Medical Tourism Market. For instance, the demand for cosmetic procedures, which was growing rapidly in the region, decreased due to the widespread use of masks and a decreased emphasis on physical appearance.

The Asia-Pacific Medical Tourism Market is a rapidly growing sector that involves the travel of individuals to foreign countries to receive medical treatment. The market includes countries such as Thailand, India, Malaysia, Singapore, and South Korea, known for their high-quality healthcare services and relatively lower treatment costs. The region's medical tourism market is driven by several factors, including rising healthcare costs in developed countries, increasing awareness about the availability of medical treatments abroad, and advancements in medical technologies. Additionally, government initiatives to promote medical tourism, such as easing visa regulations and providing incentives to healthcare providers, further boosted the market's growth. In terms of medical procedures, cosmetic surgery, dental treatments, and fertility treatments are some of the most sought-after services in the Asia-Pacific medical tourism market. The region is also gaining popularity for medical procedures such as heart surgeries, orthopedic surgeries, and cancer treatments.

APAC Medical Tourism Industry Segmentation

Medical tourism is traveling to another country to obtain medical treatment or procedures. It may be done for various reasons, such as seeking lower costs for medical care, accessing treatments or procedures that may not be available in one's home country, or avoiding long waiting lists for certain medical procedures.

Asia-Pacific Medical Tourism Market is segmented by treatment type (dental treatment, cosmetic treatment, cardiovascular treatment, orthopedic treatment, neurological treatment, cancer treatment, fertility treatment, and other treatments), service provider (public and private), and country (India, China, Indonesia, Singapore, and rest of Asia-Pacific). The report offers market size and values in (USD) for the above segments.