Medical Tourism Market is Projected to Reach USD 250.74 Billion by 2030: Cognitive Market Research

Market Overview:
Introduction of the Medical Tourism
Medical tourism is a term used to describe the practice of traveling to another country or region to receive medical treatment or procedures. The reasons for medical tourism can vary but often include seeking lower costs for medical procedures, accessing treatments that are not available in the patient's home country, or looking for more specialized or advanced medical care.

Summary:
As per the study of CMR, the Global Medical Tourism Market size was valued at USD 110.12 Billion in 2022 and will reach USD 250.74 Billion by 2030, at a CAGR of 10.8% during the forecast period (2023-2030).

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Market Dynamics:
Factors Impacting on Medical Tourism Market
The increasing number of chronic diseases and growing technological advancements in medical devices for the treatment of various health disorders are some of the key major factors accelerating the growth of the medical tourism market. Furthermore, the increasing support by tourist departments and governments across the globe is surging market growth. Moreover, due to the high treatment cost and lack of treatment options in some countries, people seek medical tourism across developed countries where advanced medical treatment is available resulting in propelling market expansion.

Market Scope:
Treatment:
• Cardiovascular treatment
• Orthopedic treatment
• Cosmetic treatment
• Cancer Treatment
• Bariatric treatment
• Dental treatment
• Ophthalmology treatment
• Infertility treatment
• Alternative medicine
• Others
Based on treatment, the cancer treatment segment held the major share in the year 2022 owing to the rising prevalence of cancer patients across the globe. According to the Kenyan Ministry of Health, cancer is the most common disease among medical tourists and the 3rd leading cause of death.

Type:
• Inbound Medical Tourism
• Outbound Medical Tourism
By type, the outbound medical tourism segment held the major share owing to the high cost of treatment, access, and proximity are the main determinants of outbound medical travel. Inbound medical travel is primarily motivated by a lack of suitable medical infrastructure in source nations and quality, both in terms of medical and service quality.

Competitive Analysis of the Medical Tourism Market: Apollo Hospital Enterprise Limited, Revenue, Products/Brand Offerings, Company Highlights, Bumrungrad International Hospital, KPJ Healthcare Berhad, Christus Muguerza Hospital, WorldMed Assist, Mednamaste, Global Medical Tourism Inc.

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Regional Analysis:
In 2022, North America has held the largest market share in terms of revenue.
North America held the major market share in the year 2022 owing to increasing healthcare spending and growing advancements in medical technologies. The U.S. has the maximum expensive healthcare system in the world. Healthcare spendings per capita are the highest at an average of USD 12,318. According to US Cooperative for International Patient Programs, 48 American health organizations made USD 2.93 billion in gross revenue from international patients.

Browse Here For Full TOC:
Table of Content (Revenue USD Edition), (Enquire about Volume/Consumption Edition Data)
Chapter 1 Industrial Insight and Market Scope
• 1.1 Global Medical Tourism Industry Introduction
• 1.2 Objectives of the Study
• 1.3 USP of the Report
• 1.4 Who is this report for?
• 1.5 Designing of Market Scope
1.5.1 Medical Tourism Market Segmentation
1.5.1 Medical Tourism Market Regional Fragmentation
1.5.1 Medical Tourism Market Players
• 1.6 Report Duration
• 1.7 List of Stakeholders
Chapter 2 Research MethodologyReview Complete Research Methodology
Chapter 3 Executive Summary of Medical Tourism Market
• 3.1 Global Medical Tourism Market Size 2018 - 2030, (USD Million)
• 3.2 Global Medical Tourism Value, Absolute & Opportunity Analysis
• 3.3 Global Medical Tourism Market Y-o-Y Growth Rate Projection by Region (2023 - 2030)
• 3.4 Global Medical Tourism Market Statistics 2022: Snapshot
Chapter 4 Global Medical Tourism Market Overview
Chapter 5 Competitive Analysis (Subject to Availability)
Chapter 6 Environmental, Social, and Governance (ESG) Analysis
Chapter 7 Qualitative Analysis
Chapter 8 Company Profiling (Subject to Availability)
Chapter 9 Global Medical Tourism Market by Type Segmentation Analysis (2018-2030)
Chapter 10 Global Medical Tourism Market by Treatment Segmentation Analysis (2018-2030)
Chapter 11 Global Medical Tourism Market Regional Analysis
Chapter 12 North America Medical Tourism Market Outlook (2018 - 2030)
Chapter 13 Europe Medical Tourism Market Outlook (2018 - 2030)
Chapter 14 Asia Pacific Medical Tourism Market Outlook (2018 - 2030)
Chapter 15 Latin America Medical Tourism Market Outlook (2018 - 2030)
Chapter 16 Middle East and Africa Medical Tourism Market Outlook (2018 - 2030)
Chapter 17 Research Findings
Customize the Report Edition (Is applicable, On Request, Subject to Data Available, At an Additional Cost)

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