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Medical Tourism Market - By Service (Transport, Accommodation, Hospitality and Others), Type of Treatment (Cosmetic Treatment, Dental Treatment, Cardiovascular Treatment, Orthopaedic Treatment, Bariatric Treatment, Fertility Treatment, Cancer Treatment, Ophthalmic Treatment, Neurological Treatment and Others), Type(domestic and international), Healthcare service( Medical Treatment, Wellness and Alternative Treatment) Service Provider (Private and Public) – Industry Trends and Forecast to 2030.

A prominent research firm, Cognizance Market Research added a cutting-edge industry report on “Medical Tourism Market”. The report studies the current as well as past growth trends and opportunities for the market to gain valuable insights during the forecast period from 2023 to 2030.

Medical Tourism Market Analysis

According to cognizance market research the Medical Tourism Market is poised to grow at a compound annual growth rate (CAGR) of 21.6% during the forecast period 2023 to 2030.

medical tourism market

What is Medical Tourism Market?

Medical tourism can be defined as the process in which people travel abroad in order to receive medical care and treatment. In other words, medical tourism is when a patient from a particular nation travel to another nation that has good medical facilities treatment isn’t available in his or her own nation or is expensive in nature. Most commonly patients travel across nations to avail dental care, cosmetic care, fertility treatment and other serious diseases like cancer and heart related issues.   Medical tourism is quite popular among global patients because of low cost of medical treatment in developing countries, which is found to be very costly in developed countries.  There’s been a considerable growth in global medical tourism market owing to low-cost services and medical treatments from local governments.

Medical Tourism Market Outlook

In the Medical Tourism market report, the market outlook segment mainly includes important dynamics of the market which include drivers, restraints, opportunities and challenges tackled by the industry. Extrinsic factors include opportunities and challenges whereas intrinsic factors include drivers and restraints.

Growing technological advancements in the healthcare industry in terms of medical devices, surgical procedures, wearables, connected healthcare, etc have expected to grow the market to a greater extent. During the forecast period the market is expected to grow at a great pace. The primary factor responsible for market growth is the high cost of healthcare services in native countries.   Some of the market’s major drivers consist of cost savings and additional benefits to visitors such as improved healthcare, cutting-edge technologies, breakthrough medicines, sophisticated devices, superior hospitality, and individualized care

The bariatric surgery segment will expand considerably through 2030, owing to unhealthy diet patterns and the growing number of people with sedentary lifestyles.  The cosmetic surgery segment is anticipated to grow to greater extent because of the rise in the number of beauty enhancement procedures and the increasing concerns surrounding a flawless aesthetic appearance.

Segment Analysis:

The Medical Tourism Market is broadly segmented on the basis of type (Domestic and international), service ( transport, Accommodation, Hospitality and others) service provider ( Public and private), type of treatment (cosmetic treatment, dental treatment, cardiovascular treatment, orthopaedics treatment, bariatric treatment, fertility treatment, ophthalmic treatment, and other treatments) , healthcare service (Medical treatment, wellness and alternative treatment) geography (North America, Europe, Asia-Pacific, Middle East and Africa, and Latin America). Among the above segments based on healthcare service, medical treatment segment dominated the global market owing to increased demand for medical procedures such as dental, orthopaedic, spine, cardiology, etc. In between public and private segment, the private segment dominated the global market. The cardiovascular segment holds the largest share among other segments (based on type of treatment) in the market. The bariatric and cosmetic treatment segment is expected to grow at a significant rate due to the rising prevalence of obesity among people.

Geographical Analysis:

On the basis of geography/region, the Medical Tourism market has been broadly segmented into five main regions namely, North America, Asia Pacific, Europe, Latin America, and Middle East & Africa. Among the main five geographical regions, North America dominates the medical tourism market because of better healthcare infrastructure. Asia-Pacific region is anticipated to grow at the highest growth rate in the forecast period of 2023 to 2030 because of rising price difference and better quality healthcare services in countries such as China, Japan, India.

geographical analysis

The report offers the revenue of the Medical Tourism market for the period 2020-2030, considering 2020 & 2021 as a historical year, 2022 as the base year and 2023 to 2030 as the forecast year. The report also provides the compound annual growth rate (CAGR) for the Medical Tourism market for the forecast period. The Medical Tourism market report provides insights and in-depth analysis into developments impacting enterprises and businesses on a regional and global level. The report covers the Medical Tourism market performance in terms of revenue contribution from several segments and comprises a detailed analysis of key drivers, trends, restraints, and opportunities prompting revenue growth of the Medical Tourism market.

The report has been prepared after wide-ranging secondary and primary research. Secondary research included internet sources, numerical data from government organizations, trade associations, and websites. Analysts have also employed an amalgamation of bottom-up and top-down approaches to study numerous phenomena in the Medical Tourism market. Secondary research involved a detailed analysis of significant players’ product portfolio. Literature review, press releases, annual reports, white paper, and relevant documents have been also studied to understand the Medical Tourism market. Primary research involved a great extent of research efforts, wherein experts carried out interviews telephonic as well as questioner-based with industry experts and opinion-makers.

The report includes an executive summary, along with a growth pattern of different segmented included in the scope of the study. The Y-o-Y analysis with elaborate market insights has been provided in the report to comprehend the Y-o-Y trends in the Medical Tourism market. Additionally, the report focuses on altering competitive dynamics in the global market. These indices serve as valued tools for present market players as well as for companies interested in participating in the Medical Tourism market. The subsequent section of the Medical Tourism report highlights the USPs, which include key industry events (Type launch, research partnership, acquisition, etc.), technology advancements, pipeline analysis, prevalence data, and regulatory scenario.

Medical Tourism Market Competitive Landscape

The medical tourism market is slightly competitive and consists of a number of major competitors.  The Medical Tourism Market competitive landscape includes an analysis of a few international as well as local companies. Healthcare companies such as Apollo Hospitals Enterprise Ltd. (India), Fortis Healthcare (India), KPJ HEALTHCARE BERHAD (Malaysia), Klinikum medical link,  Nippon Telegraph and Telephone East Corporation (Japan), Asian heart institute (India), ADITYA BIRLA HEALTH SERVICES LTD. (India), Samitivej PCL (Thailand), BB Healthcare Solutions (U.K.), UZ LEUVEN (Belgium), Berkalp Co-Limited (Ireland), Bumrungrad International Hospital( Bangkok, Thailand) ,MEDIC ABROAD (U.S.), Livonta Global(India), AMERICAN MEDICAL CARE (U.S.), MEDICINE PARK UNITED KINGDOM (U.K.), Hospital Galenia, Gleneagles ( India),  Centro Médico ABC (Mexico) are some of the major competitors in Medical Tourism market.

Through strategic initiatives and collaborations, these companies are constantly proposing  new technologies and providing better healthcare services. For example, Fortis Healthcare, a leading healthcare provider, with over 20 hospitals, 4,000 operational beds, and 400 diagnostics centers in India, approved IHH Healthcare’s investment proposal in July 2018. This collaboration helped to strengthen its market position and provided Fortis Healthcare with new growth opportunities.


Medical Tourism Market, by Type

  • Domestic
  • International

Medical Tourism Market, by Service Providers

  • Public
  • Private

Medical Tourism Market, by Healthcare Service

  • Medical treatment
  • Wellness
  • Alternative treatment

Medical Tourism Market, by Service

  • Transport
  • Accommodation
  • Hospitality
  • Others

Medical Tourism Market, by Treatment Type

  • Cardiovascular treatment
  • Cosmetic treatment
    • Hair transplant
    • Breast augmentation
    • Others
  • Dental treatment
  • Orthopaedic treatment
  • Bariatric treatment
  • Fertility treatment
  • Oncology treatment
  • Other

Medical Tourism Market, by Geography

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • U.K.
    • France
    • Spain
    • Italy
    • Rest of Europe
  • Asia Pacific
    • Japan
    • China
    • India
    • Australia & New Zealand
    • South Korea
    • Rest of Asia Pacific
  • Latin America
    • Mexico
    • Brazil
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa
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Table of Content

Research Methodology: Aspects

Market research is a crucial tool for organizations aiming to navigate the dynamic landscape of customer preferences, business trends, and competitive landscapes. At Cognizance Market Research, acknowledging the importance of robust research methodologies is vital to delivering actionable insights to our clientele. The significance of such methodologies lies in their capability to offer clarity in complexity, guiding strategic management with realistic evidence rather than speculation. Our clientele seek insights that excel superficial observations, reaching deep into the details of consumer behaviours, market dynamics, and evolving opportunities. These insights serve as the basis upon which businesses craft tailored approaches, optimize product offerings, and gain a competitive edge in an ever-growing marketplace.

The frequency of information updates is a cornerstone of our commitment to providing timely, relevant, and accurate insights. Cognizance Market Research adheres to a rigorous schedule of data collection, analysis, and distribution to ensure that our reports reflect the most current market realities. This proactive approach enables our clients to stay ahead of the curve, capitalize on emerging trends, and mitigate risks associated with outdated information.

Our research process is characterized by meticulous attention to detail and methodological rigor. It begins with a comprehensive understanding of client objectives, industry dynamics, and research scope. Leveraging a combination of primary and secondary research methodologies, we gather data from diverse sources including surveys, interviews, industry reports, and proprietary databases. Rigorous data analysis techniques are then employed to derive meaningful insights, identify patterns, and uncover actionable recommendations. Throughout the process, we remain vigilant in upholding the highest standards of data integrity, ensuring that our findings are robust, reliable, and actionable.

Key phases involved in in our research process are mentioned below:


Understanding Clients’ Objectives:

Extensive Discussions and Consultations:

  • We initiate in-depth discussions and consultations with our clients to gain a comprehensive understanding of their objectives. This involves actively listening to their needs, concerns, and aspirations regarding the research project.
  • Through these interactions, we aim to uncover the underlying motivations driving their research requirements and the specific outcomes they hope to achieve.

Industry and Market Segment Analysis:

  • We invest time and effort in comprehensively understanding our clients’ industry and market segment. This involves conducting thorough research into market trends, competitive dynamics, regulatory frameworks, and emerging opportunities or threats.
  • By acquiring a deep understanding of the broader industry landscape, we can provide context-rich insights that resonate with our clients’ strategic objectives.

Target Audience Understanding:

  • We analyze our clients’ target audience demographics, behaviors, preferences, and needs to align our research efforts with their consumer-centric objectives. This entails segmenting the audience based on various criteria such as age, gender, income level, geographic location, and psychographic factors.
  • By understanding the nuances of the target audience, we can tailor our research methodologies to gather relevant data that illuminates consumer perceptions, attitudes, and purchase intent.


Identifying Challenges and Opportunities:

  • We proactively identify the challenges and opportunities facing our clients within their respective industries. This involves conducting SWOT (Strengths, Weaknesses, Opportunities, Threats) analyses and competitive benchmarking exercises.
  • By identifying potential obstacles and growth drivers, we can provide strategic recommendations that help our clients navigate complexities and capitalize on emerging opportunities effectively.

Grasping Specific Goals:

  • We delve into the intricacies of our clients’ objectives to gain clarity on the specific goals they aim to accomplish through the research. This entails understanding their desired outcomes, such as market expansion, product development, or competitive analysis.
  • By gaining a nuanced understanding of our clients’ goals, we can tailor our research approach to address their unique challenges and opportunities effectively.

Data Collection:


Primary Research Process:

  • Surveys: We design and administer surveys tailored to capture specific information relevant to our clients’ objectives. This may involve employing various survey methodologies, such as online, telephone, or face-to-face interviews, to reach target audiences effectively.
  • Interviews: We conduct structured or semi-structured interviews with key stakeholders, industry experts, or target consumers to gather in-depth insights and perspectives on relevant topics. These interviews allow us to probe deeper into specific issues and uncover valuable qualitative data.
  • Focus Groups: We organize focus group discussions with carefully selected participants to facilitate interactive discussions and gather collective opinions, attitudes, and preferences. This qualitative research method provides rich contextual insights into consumer behaviors and perceptions.
  • Observations: We conduct observational research by directly observing consumer behaviors, interactions, and experiences in real-world settings. This method enables us to gather objective data on consumer actions and reactions without relying on self-reported information.

Secondary Research Process:

  • Literature Review: We conduct comprehensive literature reviews to identify existing studies, academic articles, and industry reports relevant to the research topic. This helps us gain insights into previous research findings, theoretical frameworks, and best practices.
  • Industry Reports: We analyze industry reports published by reputable trade associations (whitepapers, research studies, etc.), and government agencies (U.S. Census Bureau, Bureau of Labor Statistics, and Securities and Exchange Commission etc.) to obtain macro-level insights into market trends, competitive landscapes, and industry dynamics.
  • Government Publications: We review government publications, such as economic reports, regulatory documents, and statistical databases, to gather relevant data on demographics, market size, consumer spending patterns, and regulatory frameworks.
  • Online Databases: We leverage online databases, such as industry portals, and academic repositories (PubMed Central (PMC), ScienceDirect, SSRN (Social Science Research Network), Directory of Open Access Journals (DOAJ), NCBI, etc.), to access a wide range of secondary data sources, including market statistics, financial data, and industry analyses.





Data Analysis:

The data analysis phase serves as a critical juncture where raw data is transformed into actionable insights that inform strategic decision-making. Through the utilization of analytical methods such as statistical analysis and qualitative techniques like thematic coding, we uncover patterns, correlations, and trends within the data. By ensuring the integrity and validity of our findings, we strive to provide clients with accurate and reliable insights that accurately reflect the realities of the market landscape.



Transformation of Raw Data:

  • Upon collecting the necessary data, we transition into the data analysis phase, where raw data is processed and transformed into actionable insights. This involves organizing, cleaning, and structuring the data to prepare it for analysis.

Utilization of Analytical Methods:

  • Depending on the research objectives, we employ a diverse range of analytical methods to extract meaningful insights from the data. These methods include statistical analysis, trend analysis, regression analysis, and qualitative coding.

Statistical Analysis:

  • Statistical tools are instrumental in uncovering patterns, correlations, and trends within the data. By applying statistical techniques such as descriptive statistics, hypothesis testing, and multivariate analysis, we can discern relationships and derive valuable insights.

Qualitative Analysis Techniques:

  • In addition to quantitative analysis, we leverage qualitative analysis techniques to gain deeper insights from qualitative data sources such as interviews or open-ended survey responses. One such technique is thematic coding, which involves systematically categorizing and interpreting themes or patterns within qualitative data.

Integrity and Validity Maintenance:

  • Throughout the analysis process, we maintain a steadfast commitment to upholding the integrity and validity of our findings. This entails rigorous adherence to established methodologies, transparency in data handling, and thorough validation of analytical outcomes.

Data Validation:

The final phase of our research methodology is data validation, which is essential for ensuring the reliability and credibility of our findings. Validation involves scrutinizing the collected data to identify any inconsistencies, errors, or biases that may have crept in during the research process. We employ various validation techniques, including cross-referencing data from multiple sources, conducting validity checks on survey instruments, and seeking feedback from independent experts or peer reviewers. Additionally, we leverage internal quality assurance protocols to verify the accuracy and integrity of our analysis. By subjecting our findings to rigorous validation procedures, we instill confidence in our clients that the insights they receive are robust, reliable, and trustworthy.


Importance of Data Validation:

  • Data validation is the final phase of the research methodology, crucial for ensuring the reliability and credibility of the findings. It involves a systematic process of reviewing and verifying the collected data to detect any inconsistencies, errors, or biases.

Scrutiny of Collected Data:

  • The validation process begins with a thorough scrutiny of the collected data to identify any discrepancies or anomalies. This entails comparing data points, checking for outliers, and verifying the accuracy of data entries against the original sources.

Validation Techniques:

  • Various validation techniques are employed to ensure the accuracy and integrity of the data. These include cross-referencing data from multiple sources to corroborate findings, conducting validity checks on survey instruments to assess the reliability of responses, and seeking feedback from independent experts or peer reviewers to validate the interpretation of results.

Internal Quality Assurance Protocols:

  • In addition to external validation measures, internal quality assurance protocols are implemented to further validate the accuracy of the analysis. This may involve conducting internal audits, peer reviews, or data validation checks to ensure that the research process adheres to established standards and guidelines.

Report Scope:



Market Size

US$ 5154.28 Million (2030)

Compound Annual Growth Rate (CAGR)


Base Year


Forecast Period


Forecast Units

Value (US$ Million)

Report Coverage

Revenue Forecast, Competitive Landscape, Growth Factors, and Trends

Geographies Covered

North America, Europe, Asia Pacific, Latin America, Middle East & Africa

Countries Covered

U.S., Canada, Germany, U.K., France, Spain, Italy, Rest of Europe, Japan, China, India, Australia & New Zealand, South Korea, Rest of Asia Pacific, Brazil, Mexico, Rest of Latin America, GCC, South Africa, Rest of Middle East & Africa

Key Companies Profiled

Apollo Hospitals Enterprise Ltd. (India), Fortis Healthcare (India), KPJ HEALTHCARE BERHAD (Malaysia), Klinikum medical link, Nippon Telegraph and Telephone East Corporation (Japan), Asian heart institute (India), ADITYA BIRLA HEALTH SERVICES LTD. (India), Samitivej PCL (Thailand), BB Healthcare Solutions (U.K.), UZ LEUVEN (Belgium), Berkalp Co-Limited (Ireland), Bumrungrad International Hospital( Bangkok, Thailand) ,MEDIC ABROAD (U.S.), Livonta Global(India), AMERICAN MEDICAL CARE (U.S.), MEDICINE PARK UNITED KINGDOM (U.K.), Hospital Galenia, Gleneagles ( India), Centro Médico ABC (Mexico)

Key Questions Answered in Medical Tourism Market Report

Medical tourism is the process of traveling to another country to receive medical care. It is often motivated by the desire to save money on medical costs, but it can also be driven by the desire to access higher quality care or to receive treatment that is not available in the patient’s home country.

Benefits of medical tourism include:

  • Lower medical costs: Medical costs can vary widely from country to country, and medical tourism can offer patients the opportunity to save a significant amount of money on their medical care.
  • Higher quality care: Some countries have more advanced healthcare systems and better trained medical professionals than others. Medical tourism can give patients access to higher quality care than they could receive in their home country.
  • Access to treatments that are not available at home: Some treatments may not be available in certain countries, or they may be very expensive. Medical tourism can give patients access to treatments that they would not otherwise be able to receive.
  • Other benefits: Medical tourism can also offer patients the opportunity to experience a new culture and to have a vacation while receiving medical care.

Risks of medical tourism include:

  • Quality of care: It is important to choose a reputable medical facility and to do your research before traveling for medical care. There have been cases of patients receiving substandard care from medical facilities that cater to tourists.
  • Language barriers: Language barriers can make it difficult to communicate with medical professionals and to understand the risks and benefits of treatment. It is important to have a translator with you when receiving medical care in a foreign country.
  • Medical complications: All medical procedures have some risks of complications. It is important to weigh the risks and benefits of treatment before traveling for medical care.

The most popular destinations for medical tourism include:

  • Thailand
  • India
  • Mexico
  • Turkey
  • South Korea
  • Malaysia
  • Hungary
  • Brazil
  • Costa Rica
  • Singapore
  • Taiwan

Here are some tips for choosing a reputable medical facility for medical tourism:

  • Ask your doctor for recommendations.
  • Do your research online. Read reviews of different medical facilities and look for accreditation from reputable organizations.
  • Contact the medical facility directly and ask questions about their experience, their staff, and their procedures.
  • Make sure the medical facility is licensed and insured.
  • Get everything in writing, including the cost of treatment and the risks and benefits of the procedure.
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