Industry: Healthcare Services
Published Date: February-2025
Format: PPT*, PDF, EXCEL
Delivery Timelines: Contact Sales
Number of Pages: 260
Report ID: PMRREP32740
The global medical tourism market size is anticipated to reach US$ 35.4 Bn in 2025. The industry is predicted to exhibit a CAGR of 22.6% to attain a value of US$ 147.9 Bn by 2032.
Rising cost of healthcare in areas like the U.S. and Western Europe is pushing patients to seek affordable medical treatments abroad. For instance,
Adoption of innovative medical technologies, robotic surgeries, and minimally invasive procedures in emerging medical tourism destinations enhances the quality of care. Thailand and Singapore have implemented AI-driven diagnostic tools and novel telemedicine services for international patients.
Key Industry Highlights
Global Market Attributes |
Key Insights |
Medical Tourism Market Size (2025E) |
US$ 35.4 Bn |
Market Value Forecast (2032F) |
US$ 147.9 Bn |
Projected Growth (CAGR 2025 to 2032) |
22.6% |
Historical Market Growth (CAGR 2019 to 2024) |
21.2% |
Pent-up Demand and Lower Healthcare Costs Fueled Post-pandemic Recovery in the Industry
The global medical tourism market growth was robust at a CAGR of 21.2% in the historical period. During this period, countries like Thailand, India, and Mexico emerged as the top destinations for cosmetic and elective procedures. The COVID-19 pandemic severely disrupted the market owing to international travel restrictions and safety concerns. Virtual healthcare solutions and telemedicine emerged as interim substitutes.
The industry witnessed robust growth by the end of the period owing to the pent-up demand for elective procedures and decreased healthcare costs in destination countries.
Sustainable Healthcare Facilities and Eco-friendly Tourism Packages to Gain Popularity through 2032
The medical tourism industry is predicted to showcase a CAGR of 22.6% through 2032. The period is likely to witness an increased adoption of telemedicine and AI-driven diagnostics to enhance patient care. Demand for treatments that combine healthcare with holistic wellness practices is predicted to rise. For instance,
Countries in Eastern Europe and the Middle East are predicted to make hefty investments to capture a significant market share. The forecast period is also likely to witness a growing demand for eco-friendly healthcare facilities and medical tourism packages.
Growth Drivers
Budget Airlines to Boost Medical Tourism as Airfares Drop in Key Global Corridors
Several countries have established direct flights to key medical tourism hubs to decrease travel times. Türkiye’s Istanbul Airport became a crucial hub, connecting over 350 global destinations, making it a preferred stop for medical tourists heading to Europe and the Middle East. For example,
Rise of budget carriers such as AirAsia, Ryanair, and Indigo have made international travel more affordable.
High Post-surgery Infection Rates Highlight the Risks of Inadequate Follow-up for Medical Tourists
Medical tourists often struggle to find local healthcare providers willing to take on post-treatment care. Differences in medical records formats and treatment protocols are likely to create additional complications. For example,
Lack of proper follow-up increases the risk of complications after surgeries or procedures. Infection rates among medical tourists undergoing surgical procedures abroad were found to be 2.5 times higher compared to patients receiving care domestically. For instance,
Employers to Save on Healthcare Costs as Insurers Offer Coverage for Overseas Treatments
Insurers are partnering with hospitals in top medical tourism destinations to provide comprehensive packages covering travel, accommodation, and treatment costs. Blue Cross Blue Shield, a leading U.S.-based insurer, has partnered with hospitals in Mexico, India, and Thailand to offer discounted treatment plans for its policyholders. For instance,
Insurers benefit from covering medical procedures abroad, where costs can be 50% to 70% lower than in developed countries. For instance,
While traditional health insurance often excludes cosmetic and elective procedures, international medical coverage is more flexible in including these treatments.
Service Provider Insights
Private Service Providers Dominate as Patients Seek Quick Treatment Access and Luxurious Care
Private service provider is predicted to hold a share of 72% in 2025. International patients prefer private healthcare facilities for their luxurious amenities, privacy, and personalized care. For example,
Private healthcare providers offer faster access to surgeries and treatments, a key attraction for international patients. In Canada, the average wait time for elective surgery in the public sector was 22.4 weeks in 2022, whereas private providers abroad often schedule surgeries within one to two weeks. Private hospitals are also likely to adopt the latest medical technologies and equipment.
Treatment Insights
High Costs in Western Countries Push Patients toward Affordable Cosmetic Surgeries Overseas
By treatment type, cosmetic is anticipated to hold a share of 26% in 2025. Social media influence and changing beauty standards are driving demand for cosmetic treatments. For example,
Several medical tourists seek cosmetic procedures abroad due to significant cost savings.
Development of advanced, minimally invasive techniques has increased patient confidence in seeking cosmetic treatments abroad.
Strong Travel Connectivity and Central Location Position Europe as a Key Medical Tourism Hub
Europe medical tourism market is projected to hold a share of 39% in 2025. Countries in the region are renowned for their cutting-edge medical technologies and well-established healthcare infrastructure. For example,
Europe has also gained a reputation for specialized treatments, including orthopedics, oncology, cardiology, and fertility treatments.
The region’s central location and extensive travel connectivity make it an accessible destination for medical tourists from the Middle East, Asia, and America.
Accredited Healthcare Facilities and Cost Savings Make Asia Pacific a Preferred Choice for Medical Tourists
Asia Pacific medical tourism market will likely generate a share of 28% in 2025. The region offers high-quality treatments at significantly lower costs compared to Western countries.
Leading hospitals in countries like India, Singapore, and South Korea are equipped with state-of-the-art technologies.
Governments across the region have launched initiatives to attract international patients.
High Treatment Success Rates Attract International Patients to North America’s Healthcare Facilities
North America medical tourism market is estimated to account for a share of 26% in 2025. The region is home to the world’s most prominent healthcare facilities and specialists. For example,
North America attracts patients from Latin America, the Caribbean, and the Middle East due to its high treatment success rates.
Medical tourism to Mexico and Canada has grown significantly due to their affordable healthcare options. Canada offers cost-effective orthopedic treatments and is increasingly popular among American patients.
Companies in the medical tourism industry are collaborating with airlines, travel agencies, insurance companies, and wellness centers to offer comprehensive medical tourism packages. For instance, Apollo Hospitals partnered with Emirates Airlines to provide discounted travel and treatment packages, boosting patient inflow by 15% in 2023.
Businesses are also working on the continuous upgrading of medical equipment and infrastructure to maintain global standards and accreditation. Bumrungrad International Hospital in Thailand invested over US$ 150 Mn in novel robotics-assisted surgery systems and telehealth technology.
Organizations are using digital channels including social media, SEO, and influencer marketing to attract medical tourists. Costa Rica’s Health Tourism Board reported a 30% increase in medical tourists after launching a targeted digital marketing campaign in 2023.
Key Industry Developments
Report Attributes |
Details |
Historical Data/Actuals |
2019 - 2024 |
Forecast Period |
2025 - 2032 |
Market Analysis Units |
Value: US$ Bn/Mn, Volume: As applicable |
Geographical Coverage |
|
Segmental Coverage |
|
Competitive Analysis |
|
Report Highlights |
|
Customization and Pricing |
Available upon request |
By Service Provider
By Treatment
By Age Group
By Application
By Traveler
By Region
To know more about delivery timeline for this report Contact Sales
The market is set to reach US$ 35.4 Bn in 2025.
Canada is considered to have one of the largest medical tourism industries in the world.
Penang Adventist Hospital, Twin Towers Medical Center, and Institute Jantung Negara National Heart Institute are a few leading players.
The industry is estimated to rise at a CAGR of 22.6% through 2032.
Europe is projected to hold the largest share of the industry in 2025.