Medical Tourism Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

The Global Medical Tourism 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 & Africa, and South America). The report offers the value (in USD million) for the above segments.

Market Snapshot

medical tourism market
Study Period: 2019-2027
Base Year: 2021
Fastest Growing Market: Asia Pacific
Largest Market: Asia Pacific
CAGR: 11.23 %
medical tourism industry

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Market Overview

The global medical tourism market was valued at USD 31,532.43 million in 2021, and it is expected to reach USD 54,201.88 million by 2027, with a CAGR of 11.23% during the forecast period, 2022-2027.

Due to significant uncertainty in demand for certain products for medical and industrial applications, as well as increased variability in supply chain and manufacturing productivity, the unprecedented nature of the COVID-19 pandemic and its impact on the global economy has caused disruption of various businesses. The medical tourism industry has been hit hard by the COVID-19 pandemic that has swept the globe. The COVID 19 pandemic has had a negative impact on major medical tourism markets, including popular medical tourism destinations such as India, China, and other emerging countries. Furthermore, due to the global pandemic, significant travel restrictions were implemented, including the suspension of cross-border travel, bringing cross-country travel to a halt and negatively impacting the medical tourism market growth.

The factors associated with the growth of the market include higher treatment costs in developed countries, availability of the latest medical technologies, growing compliance with international quality standards, high quality of service, health insurance portability, and advertising and marketing of medical tourism.

Mexico has long attracted dental and cosmetic surgery patients from the United States, whereas Thailand and India have emerged as forerunners in offering gender reassignment operations and cosmetic procedures, respectively, to Americans, Western Europeans, and Middle Easterners from oil-rich countries. According to the International Travel Medical Journals article titled "Americans are driving to Mexico for dental treatment" published in June 2020, the dental facilities in Mexico were among the first in the world to reopen their doors and welcome patients. Additionally, the article also quoted that Dental Departures, a global dental online travel agency had reported four consecutive weeks of increased appointment bookings along with a 60% increase in traffic in 2020. Such increasing Medical tourism is driving the growth of market.

The cost of undergoing medical treatment in a developed country is very high. It is estimated that although the treatments are of reliable quality, the procedures tend to be on the expensive side. Along with this, the major healthcare products are also quite extravagantly priced. This scenario places a big burden on the healthcare systems, worldwide, accompanied by the additional rising costs of litigation during recent times. Healthcare practitioners need to be aware of both the direct and indirect costs and consider how the implementation of prevention protocols may offer cost savings in the longer term. People in developed countries cannot afford the huge expenditure associated with medical treatments. Not all medical bills are covered by insurance companies, which makes the patients turn to countries abroad. Countries in Asia, the Middle East, and South America provide high-quality medical services at a much lower rate, as compared to the developed economies. There are companies that cater to all the medical and non-medical needs of the tourist during their travel.

Scope of the Report

As per the scope of the report, medical tourism is an improvement of the healthcare system, which provides quality medical care to people seeking treatment. Patients travel to other countries for obtaining good medical treatment. The Global Medical Tourism 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 & Africa, and South America). The market report also covers the estimated market sizes and trends for 17 different countries across major regions, globally.

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Key Market Trends

Fertility Treatments Segment Expected to Have Highest CAGR

The fertility treatments segment of the medical tourism market is believed to show the fastest growth over the forecast period. 

Fertility treatment is one of the most common treatments for which medical tourists elect to travel across international borders. Fertility tourism or reproductive tourism is one of the fastest-growing areas. According to internal reports from Nova IVF Fertility 2020, about 49% of international patients came from other parts of Asia, and 25% came from the African continent for fertility treatment in 2020. According to the same source, the number of African patients coming to India for infertility treatment increased by 46%, and the number of international patients coming to India for infertility treatment increased by 8% in 2020.

Fertility treatment is an expensive and prolonged treatment hence, the reduced cost of treatment in different countries fuels the growth of the market. According to the article published in the Open Medicine 2019, Turkey is said to be becoming a popular destination because In Vitro Fertilization (IVF) treatment costs around USD 8,500, which is significantly less than the average cost of USD 12,400 in the United States. Norway, Sweden, and Spain, for example, charge a lower fee, ranging from USD 4,500 to USD 5,700. Other popular destinations, such as the United Kingdom (UK), Australia, and Germany, have reported average treatment costs of over USD 4,000 per couple. An IVF cycle costs approximately USD1,272 in Pakistan and Iran. Greece is also a popular choice among international patients because, compared to other developed countries, it is a relatively inexpensive destination.

Additionally, as per same source, about 20,000 to 25,000 couples annually seek assisted reproductive technology services abroad. An estimated 4.0% of European Union citizens receive treatment in other countries. Fertility treatment procedures are regulated in most European countries.

Hence, the segment is estimated to witness significant growth over the forecast period from the factors mentioned above.

medical tourism market size

Asia-Pacific Currently Dominates the Market

The Asia-Pacific region currently dominates the medical tourism market and it is expected to continue its stronghold for a few more years. This region is expected to increase its market share in the future, owing to the raised preference for medical tourism across the developing countries of this region. 

Japan holds the majority of the market in the Asia-Pacific region. This is due to the lower cost of the treatment in Japan and the better healthcare services provided. Japan, on the other hand, has a number of medical centers that cater to foreign visitors. Japan is known for its cancer specialists and their work in heavy particle radiotherapy and regenerative medicine. According to Medical Tourism Japan, 2020, with an estimated 430,000 international patients per year, Japan is aiming to become the top Asian destination for medical care by 2020.

Additionally, healthcare in India is significantly less expensive than in Western and Middle Eastern countries. One of the reasons India attracts customers from these countries is because of this. According to the Indian Medical Tourism Association 2020, in the Medical Tourism Index 2020-21, India is ranked 10th out of 46 countries worldwide. India's Foreign Tourism Arrival (FTAs) increased by more than 40% between 2017 and 2019, with the number of tourists increasing from 495,056 in 2017 to 697,000 in 2019. Afghanistan, Pakistan, Oman, Bangladesh, Maldives, Nigeria, Kenya, and Iraq send the majority of their medical tourists to India. Moreover, the government promotes India as a top healthcare destination and has implemented policies to make medical tourism travel easier.

Thus, owing to the aforementioned factors, the market is expected to witness healthy growth over the forecast period.

medical tourism market report

Competitive Landscape

The global medical tourism market is moderately competitive and consists of several major players. In terms of market share, few of the major players currently dominate the market. However, with technological advancement and quality service provision, mid-size to smaller companies are increasing their market presence by introducing new products with fewer prices. Companies, like Healthbase, Apollo Hospitals, KPJ Healthcare, and Klinikum Medical Link hold the significant market share in the medical tourism market.

Recent Development

In July 2021, the Ministry of Tourism established the ‘National Medical & Wellness Tourism Board’ to promote Medical and Wellness Tourism in India

In March 2021, Athina Global Health in partnership with Liberty International Tourism Group has launched its global medical value travel service.

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

      3. 4.2.3 Growing Compliance on International Quality Standards

      4. 4.2.4 High Quality of Service

    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 Industry Attractiveness – Porter’s Five Forces Analysis

  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. France

        2. Germany

        3. United Kingdom

        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 & Africa

        1. GCC

        2. South Africa

        3. Rest of Middle East & 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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Frequently Asked Questions

The Global Medical Tourism Market market is studied from 2019 - 2027.

The Global Medical Tourism Market is growing at a CAGR of 11.23% over the next 5 years.

The Global Medical Tourism Market is valued at 31532 Million USD in 2019.

The Global Medical Tourism Market is valued at 54201 Million USD in 2027.

Asia Pacific is growing at the highest CAGR over 2021- 2026.

Asia Pacific holds highest share in 2021.

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

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