Medical Tourism Market Size

Report on Industry Size & Market Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The Analysis of Global Medical Tourism Market Report is Segmented by Treatment Type (Cosmetic Treatment, Dental Treatment, Cardiovascular Treatment, Orthopedics Treatment, Bariatric Treatment, Fertility Treatment, Ophthalmic Treatment, and Other Treatments) and Geography (North America, Europe, Asia-Pacific, Middle East and Africa, and South America). The Market Sizes and Forecasts are Provided in Terms of Value (USD Million) for all the Above Segments.

Medical Tourism Market Size

Medical Tourism Market Summary
Study Period 2019 - 2029
Market Size (2024) USD 84.92 Billion
Market Size (2029) USD 239.37 Billion
CAGR (2024 - 2029) 23.03 %
Fastest Growing Market Asia Pacific
Largest Market North America

Major Players

Medical Tourism Market Major Players

*Disclaimer: Major Players sorted in no particular order


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Medical Tourism Market Analysis

The Medical Tourism Market size is estimated at USD 84.92 billion in 2024, and is expected to reach USD 239.37 billion by 2029, growing at a CAGR of 23.03% during the forecast period (2024-2029).

The Medical Tourism Market size is estimated at USD 84.92 billion in 2024, and is expected to reach USD 239.37 billion by 2029, growing at a CAGR of 23.03% during the forecast period (2024-2029).

The COVID-19 pandemic has significantly impacted the medical tourism markets, including popular medical tourism destinations such as India, China, and other emerging countries, due to restrictions in movement, supply chain disruption, travel bans, etc. Travel restrictions in the first two years of the pandemic had an adverse impact on medical tourism in India. For instance, as per Fortis Healthcare's annual report, in 2021, restrictions on global travel substantially impacted the medical tourism segment as the flow of visiting patients from neighboring countries halted. Furthermore, according to an article published by Business Standards in November 2022, medical tourism is expected to increase in India after being nearly reduced to zero during the two years hit by the COVID-19 pandemic as international flights opened in March-April 2022 and international travel comes to pre-COVID levels. Various governments are taking the initiative to bring medical tourism back into the country to overcome the situation. For instance, to entice tourists, Mexico introduced the #Come2MexicanCaribbean campaign in mid-June 2022, which offers gifts and passes to travelers, such as free hotel stays, discounted vehicle rentals, and discounts at tourist attractions. Thus, with the upliftment of government restrictions and initiatives toward medical tourism, the market is expected to recover from the effects of COVID-19 in the next few years.

Factors such as lower treatment costs in developing countries, availability of the latest medical technologies, growing compliance with international quality standards and service, and advertising and marketing of medical tourism are expected to drive market growth over the forecast period. For instance, in September 2022, the MoHFW of the Indian Government commenced new initiatives to boost medical tourism in the country. Such as providing medical visas for tourists traveling to India for healthcare purposes in 165 countries, setting up a feedback mechanism to obtain testimonials from medical tourists, and the 'Heal in India' initiative to position India as a global hub for medical tourism. Also, according to an article published by the government of Boao Lecheng, China, in December 2021, efforts were taken by the Hainan Boao Lecheng International Medical Tourism Pilot Zone to promote the research progress on stem cell, immune cell, and gene therapy, plus other new techniques in the biomedical sector. The medical pilot zone encouraged people from 15 countries, such as Australia, Brunei, Cambodia, China, Indonesia, Japan, Laos, Malaysia, Myanmar, New Zealand, Philippines, Singapore, South Korea, Thailand, and Vietnam, to join the RCEP to come for treatment. Such an initiative in medical tourism is expected to drive growth.

In addition, high healthcare costs in developed countries are expected to be a significant driving factor for the market growth in developing countries. For instance, according to World Population Review 2022, healthcare is financed through taxes, private insurance, or subsidized by private organizations in most developed countries. The United States uniquely uses all these payment methods in its healthcare system. Other developing countries participate in a single-payer system, in which essential healthcare costs are paid for by taxes collected through government programs. Furthermore, as per the November 2022 report of AMA, pharmaceutical spending per capita was USD 1,443 in the United States, whereas it ranges from USD 466 to USD 939 in other countries. Thus, people visit developing countries for medical treatment because of the low cost compared to developed countries, eventually driving the market's growth. Therefore, the medical tourism market is expected to grow over the forecast period due to the abovementioned factors. However, issues with patient follow-up, post-procedure complications, and medical record transfer issues are expected to hinder market growth over the forecast period.

Medical Tourism Market Trends

Cosmetic Treatment Segment Expected to Have Healthy Growth Rate Over the Forecast Period

Cosmetic treatment tourism is the phenomenon of patients seeking cosmetic surgery overseas to avoid waiting lists, access, cost constraints, or legal requirements in their native country. Standard procedures requested under cosmetic treatment tourism include breast augmentation, liposuction, facelift, tummy tucks, eyelid surgery, and nose reshaping. The increased patient spending on cosmetic procedures and willingness to travel for a cosmetic procedure is expected to drive the market. For instance, as per the ASPS Insights and Trend Report 2022, 59% of patients are willing to spend "somewhat more," and 17% noted a substantial increase in patient spending for cosmetic procedures. Furthermore, according to the Aesthetic Plastic Surgery National Databank 2020-2021, surgical procedures increased by 54%, and non-surgical procedures were up by 44% in the United States. With such an increase in cosmetic procedures, the demand for treatment tourism increases, driving the market's growth.

Furthermore, according to an article published by G/O Media Inc., in August 2022, compared to just 6% in the United States, eyelid surgery accounted for 65% of all cosmetic treatments in Japan. Turkey is a popular medical tourism destination for plastic surgeries, and Rhinoplasties are the most often performed treatment, particularly among people from Middle Eastern nations. Such reports demonstrating the increasing number of tourists for cosmetic treatments are expected to propel the segment's growth.

Hence, the cosmetic treatment segment is estimated to witness significant growth over the forecast period due to the abovementioned factors.

Medical Tourism Market - Top Surgical Procedures (in Thousand), United States, 2021

Asia-Pacific Region is Expected to Hold Significant Market Share Over the Forecast Period

The Asia-Pacific region is expected to hold a significant market share owing to the preference for medical tourism across the region's developing countries, initiatives taken by the government, and the low cost of medical treatment in this region. Healthcare in India is significantly less expensive than in Western and Middle Eastern countries. According to IJIRA, in December 2021, the cost of medical care and treatment in India was about 50% less compared to Europe. Also, there is a 65% to 90% savings on treatment here compared to America. Such statistics demonstrate the stronghold of Asia-Pacific countries in medical tourism worldwide.

Additionally, the initiatives taken by the governments of Asia-Pacific countries are also expected to propel the market's growth in the region. For instance, in April 2022, the Government of India planned to launch a particular category of AYUSH visas for tourists visiting India for medical treatment or tourism in traditional medicine. This initiative is a part of the government's "Heal In India" campaign to promote medical tourism in India. Additionally, in February 2022, Japan expanded its health tourism offerings by including "wellness" facilities to attract tourists. The wellness offerings include spas, yoga and meditation classes, and fitness programs.

Furthermore, in September 2022, Korea Health Industry Development Institute (KHIDI) revamped the official website of Medical Korea, featuring information related to the use of Korean medical services. Reports on operations and treatment of medical specialties, including oncology, cardiology, and organ transplantation, are available on the Medical Korea website, which lists clinics and hospitals designated to treat foreign patients. Such initiatives undertaken by the government are expected to boost the market's growth over the forecast period.

Thus, the market is expected to witness healthy growth in the Asia-Pacific region over the forecast period due to the abovementioned factors.

Medical Tourism Market - Growth by Region

Medical Tourism Industry Overview

The global medical tourism market is moderately competitive and has several major players. In terms of market share, few of the major players currently dominate the market. The competitive landscape includes an analysis of a few international and local companies that hold market shares and are well-known, including Healthbase, Apollo Hospitals, KPJ Healthcare, and Klinikum Medical Link, among others.

Medical Tourism Market Leaders

  1. Healthbase

  2. Apollo Hospitals

  3. KPJ Healthcare

  4. Klinikum Medical Link

  5. Medretreat

*Disclaimer: Major Players sorted in no particular order

Medical Tourism Market Concentration
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Medical Tourism Market News

  • In October 2022, Turkish Airlines launched a program to offer weekly medical tours from the United States that will cost USD 5,000.
  • In August 2022, the Government of India listed ten airports, namely Delhi, Mumbai, Chennai, Bengaluru, Kolkata, Visakhapatnam, Kochi, Ahmedabad, Hyderabad, and Guwahati, to feature special desks, a multi-lingual portal, and simplified visa norms for incoming international passengers visiting India for medical purposes.

Medical Tourism Market Report - Table of Contents


    1. 1.1 Study Assumptions and Market Definition

    2. 1.2 Scope of the Study




    1. 4.1 Market Overview

    2. 4.2 Market Drivers

      1. 4.2.1 High Treatment Cost in Developed Countries

      2. 4.2.2 Availability of Latest Medical Technologies and High Quality of Service

      3. 4.2.3 Growing Compliance of International Quality Standards

    3. 4.3 Market Restraints

      1. 4.3.1 Issues with Patient Follow Up and Post-procedure Complications

      2. 4.3.2 Medical Record Transfer Issues

    4. 4.4 Porter's Five Forces Analysis

      1. 4.4.1 Threat of New Entrants

      2. 4.4.2 Bargaining Power of Buyers/Consumers

      3. 4.4.3 Bargaining Power of Suppliers

      4. 4.4.4 Threat of Substitute Products

      5. 4.4.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION (Market Size by Value - USD million)

    1. 5.1 By Treatment Type

      1. 5.1.1 Cosmetic Treatment

      2. 5.1.2 Dental Treatment

      3. 5.1.3 Cardiovascular Treatment

      4. 5.1.4 Orthopedics Treatment

      5. 5.1.5 Bariatric Surgery

      6. 5.1.6 Fertility Treatment

      7. 5.1.7 Ophthalmic Treatment

      8. 5.1.8 Other Treatments

    2. 5.2 Geography

      1. 5.2.1 North America

        1. United States

        2. Canada

        3. Mexico

      2. 5.2.2 Europe

        1. Germany

        2. United Kingdom

        3. France

        4. Italy

        5. Spain

        6. Rest of Europe

      3. 5.2.3 Asia-Pacific

        1. China

        2. Japan

        3. India

        4. Australia

        5. South Korea

        6. Rest of Asia-Pacific

      4. 5.2.4 Middle East and Africa

        1. GCC

        2. South Africa

        3. Rest of Middle East and Africa

      5. 5.2.5 South America

        1. Brazil

        2. Argentina

        3. Rest of South America


    1. 6.1 Company Profiles

      1. 6.1.1 Medretreat

      2. 6.1.2 Healthbase

      3. 6.1.3 Apollo Hospitals

      4. 6.1.4 KPJ Healthcare Behard

      5. 6.1.5 Klinikum Medical Link

      6. 6.1.6 Euromedical Tours

      7. 6.1.7 BB Health Solutions

      8. 6.1.8 Cosmedic Travel

      9. 6.1.9 Aditya Birla Memorial Hospital

      10. 6.1.10 Fortis Healthcare Limited

      11. 6.1.11 NTT Medical Center Tokyo

      12. 6.1.12 Prince Court Medical Centre

    2. *List Not Exhaustive

**Subject to Availability
**Competitive Landscape Covers Business Overview, Financials, Products and Strategies and Recent Developments
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Medical Tourism Industry Segmentation

As per the scope of the report, medical tourism refers to individuals traveling abroad to receive medical treatment. The market is segmented by treatment type (cosmetic treatment, dental treatment, cardiovascular treatment, orthopedics treatment, bariatric treatment, fertility treatment, ophthalmic treatment, and other treatments) and geography (North America, Europe, Asia-Pacific, Middle East and Africa, and South America). The report also covers the estimated market sizes and trends for 17 different countries across major regions globally. The market sizes and forecasts are provided in terms of value (USD million) for all the above segments.

By Treatment Type
Cosmetic Treatment
Dental Treatment
Cardiovascular Treatment
Orthopedics Treatment
Bariatric Surgery
Fertility Treatment
Ophthalmic Treatment
Other Treatments
North America
United States
United Kingdom
Rest of Europe
South Korea
Rest of Asia-Pacific
Middle East and Africa
South Africa
Rest of Middle East and Africa
South America
Rest of South America
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Medical Tourism Market Research FAQs

The Medical Tourism Market size is expected to reach USD 84.92 billion in 2024 and grow at a CAGR of 23.03% to reach USD 239.37 billion by 2029.

In 2024, the Medical Tourism Market size is expected to reach USD 84.92 billion.

Healthbase, Apollo Hospitals, KPJ Healthcare, Klinikum Medical Link and Medretreat are the major companies operating in the Medical Tourism Market.

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).

In 2024, the North America accounts for the largest market share in Medical Tourism Market.

In 2023, the Medical Tourism Market size was estimated at USD 65.36 billion. The report covers the Medical Tourism Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Medical Tourism Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.

Cosmetic Treatment is the dominant segment that holds the major share of the Medical Tourism Market.

Medical Tourism Industry Report

This comprehensive report offers a deep dive into the medical tourism industry, providing a detailed analysis of key market drivers and market segments. Mordor Intelligence offers customization based on your specific interests, including: 1. Treatment Type: Cancer Treatment, Neurological Treatment, Gynecological, Spinal, Oncology Procedures, and Ophthalmology Treatment. 2. Cosmetic Treatment: Rejuvenation Procedures 3. Cardiovascular Treatment: Coronary Artery Bypass Surgery (CABG), Angioplasty 4. Type: Domestic, International 5. Healthcare Service: Alternative Treatment 6. Service Provider: (Private, Public).

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Medical Tourism Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)