Press release
South Korea Medical Tourism Market Outlook 2023-2028 | Industry Size, Share, Growth, Trends, Report
South Korea Medical Tourism Market
The South Korea medical tourism market size reached US$ 1.8 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 2.5 Billion by 2028, exhibiting a growth rate (CAGR) of 5.7% during 2023-2028.
What is Medical Tourism?
Medical tourism is the act of people journeying to various nations or areas in search of medical care, surgeries, or other healthcare solutions. This encompasses a broad spectrum of services, such as optional cosmetic operations, intricate surgeries, and advanced medical therapies. This practice empowers patients to select destinations based on the standing of healthcare facilities, the skill of healthcare practitioners, and the cost-effectiveness of treatments compared to their native land. It offers notable advantages, including access to state-of-the-art technologies and potential financial savings. Engaging in medical tourism entails investigating healthcare providers, grasping cultural and linguistic variances, and arranging for post-treatment care.
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South Korea Medical Tourism Market Trends and Drivers:
The surging popularity of medical facilities and healthcare practitioners among the public is a key driver behind the increasing interest in medical tourism within South Korea. Additionally, escalating medical procedure expenses in numerous Western nations are fueling the expansion of medical tourism within the country. Furthermore, the uptake of cutting-edge medical advancements and procedures like plastic surgery, dermatology, and stem cell therapy is exerting a positive influence on the market in the nation. Furthermore, the enforcement of rigorous regulations and measures by governmental bodies to guarantee patient safety and welfare is further boosting market growth.
South Korea Medical Tourism Market 2023-2028 Analysis and Segmentation:
Top Key Players covered in this report are:
Ajou University Medical Center
Banobagi Plastic Surgery
CHA Fertility Center
Injeuniversity Haeundae Hospital
JK Plastic Surgery Center
Keimyung University Dongsan Hospital
Korea Medical Hub
Nasaret International Hospital
Sun Medical Center
Wonkwang University Hospital
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The report segmented the market on the basis of region, type and treatment type.
Breakup by Type:
Outbound
Inbound
Intrabound
Breakup by Treatment Type:
Cosmetic Treatment
Dental Treatment
Cardiovascular Treatment
Orthopaedic Treatment
Bariatric Surgery
Fertility Treatment
Ophthalmic Treatment
Others
Key highlights of the report:
Market Performance (2017-2022)
Market Outlook (2023- 2028)
Porter's Five Forces Analysis
Market Drivers and Success Factors
SWOT Analysis
Value Chain
Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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About Us:
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.
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