Medical tourism refers to travelling to another country for medical treatment. Patients may go for medical care to another country for a range of reason, such as decreased cost, or to receive a procedure or therapy not available in their country.

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Medical Tourism Market Size, Trends,
Segment Analysis and Forecast Report
2030
Healthcare

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The global medical tourism market size is growing significantly due to high
cost of healthcare expenditure in developed countries. According to Centers
for Disease Control and Prevention, approximately 750,000 U.S. people travel
out of the country for medical care each year. In addition, rise in aging
population, reduced cost of procedure in developing countries, and high
standards of medical care at a reasonable price are expected to support the
medical tourism market to grow in the coming years. Aging increases the risk
of diseases, such as heart disease, gastrointestinal diseases and lifestyle
associated diseases. According to the World Health Organization, the
population of 60 years and above is expected to rise to 15% in 2050.
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Moreover, government is taking various initiates to improve healthcare
infrastructure and improve healthcare services in developing countries. So,
government support and health insurance portability is further expected to
support the medical tourism market to grow in the coming years. In addition,
trusted international accreditation of clinics and hospitals are also supporting
the growth of the global medical tourism market.
Medical tourism refers to travelling to another country for medical
treatment. Patients may go for medical care to another country for a range of
reason, such as decreased cost, or to receive a procedure or therapy not
available in their country. Services ranging from essential treatment to
different kind of alternative treatments are provided through medical
tourism. Cosmetic surgery, orthopedic surgery, weight loss surgery, heart
surgery, oncologic care, reproductive treatment and dental treatment are
some of the common procedures that people undergo on medical tourism.
On the basis of treatment, the medical tourism market can be categorized as
dental treatment, orthopedic treatment, cosmetic treatment, cardiovascular
treatment, fertility treatment, and general treatment. Cosmetic treatment
leads the medical tourism market by treatment type, as cosmetic surgery is
costly and is not covered under the health insurance. The oncologic care
segment is expected to grow with the highest rate in the coming years, due
to rising incidence of cancer cases all over the world.

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Some of the factors driving the growth of medical tourism market are long
waiting time for the specialist appointment, geographic proximity, cultural
similarities, and wider treatment options available in developing countries.
However, medical mal-practice, problem in transfer of medical records and
follow up care are some of the factors restraining the growth of the medical
tourism market to some extent.
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Treatment Type, Country and Forecast to 2030” at:
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market
Medical tourism is promoted in countries such as Taiwan, Malaysia, Brazil,
India, Singapore, Turkey, South Korea, and Mexico. India and Malaysia are
expected to grow with the highest rate in the coming years, due to improving
healthcare infrastructure, high healthcare standards with low cost, highly
skilled professionals, cost effective treatment for several diseases, increasing
government initiatives to improve medical services and availability of
technologically advanced solutions for various conditions. Thailand is the
most preferred destination among the Western European tourists for
cosmetic surgery, and Singapore is specialized in complex procedures.
Moreover, medical tourism in Malaysia is also emerging due to increasing
government initiatives to improve medical services.
Some of the hospitals operating in the medical tourism market are Apollo
Hospital Enterprise Limited, Asian Heart Institute, Bumrungrad International
Hospital, Min-Sheng General Hospital, Min-Sheng General Hospital, KPJ
Healthcare Berhad, Bangkok Hospital Medical Center, Fortis Health Ltd.,
Prince Court Medical Center, Samitivej Sukhumvit, and Raffles Medical
Group.

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