U.S. Medical Tourism Market Size, Trends, Growth, Opportunities (2023-2030) | Cleveland Clinic, Mayo Foundation for Medical Education and Research and The General Hospital Corp

The U.S. medical tourism market size was worth USD 4.58 billion in 2022 and is projected to grow at a CAGR of 21.0% during the forecast period (2023-2030).

Medical tourism, also called medical travel, can be defined as travel across international borders of the global population seeking medical or wellness treatment across healthcare settings. The adoption of medical tourism across developing countries is high owing to the low cost of service and provision of efficient healthcare across hospitals.

The frequency of patients seeking specialized treatments and procedures is increasing across the U.S., owing to the presence of highly qualified healthcare professionals and state-of-the-art medical facilities. Moreover, the rising emphasis of leading players to boost medical tourism in the U.S. is anticipated to propel the adoption of healthcare services, further augmenting the market growth.

𝗗𝗶𝘀𝗰𝗼𝘃𝗲𝗿 𝗪𝗵𝗮𝘁 𝗬𝗼𝘂'𝗿𝗲 𝗠𝗶𝘀𝘀𝗶𝗻𝗴: 𝗚𝗲𝘁 𝗮 𝗙𝗿𝗲𝗲 𝗥𝗲𝗽𝗼𝗿𝘁 (𝗣𝗗𝗙) 𝗦𝗮𝗺𝗽𝗹𝗲: https://www.fortunebusinessinsights.com/enquiry/sample/u-s-medical-tourism-market-108968

𝗞𝗲𝘆 𝗜𝗻𝗱𝘂𝘀𝘁𝗿𝘆 𝗗𝗲𝘃𝗲𝗹𝗼𝗽𝗺𝗲𝗻𝘁

In September 2023, the Malaysia Healthcare Travel Council (MHTC) and the U.S.-based Mayo Foundation for Medical Education and Research (MFMER) announced the signing of a strategic Memorandum of Understanding (MoU). This collaboration aims to advance medical excellence, with MHTC engaging Mayo Clinic Global Consulting to offer strategic advice. This partnership underscores the U.S.'s growing influence in medical tourism through innovative collaborations.

𝗧𝗼𝗽 𝗖𝗼𝗺𝗽𝗮𝗻𝗶𝗲𝘀 𝗶𝗻 𝘁𝗵𝗲 𝗠𝗮𝗿𝗸𝗲𝘁

• Cleveland Clinic (U.S.)
• Mayo Foundation for Medical Education and Research (MFMER) (U.S.)
• The General Hospital Corporation (U.S.)
• Cedars-Sinai (U.S.)
• Johns Hopkins Health System (U.S.)
• The University of Texas MD Anderson Cancer Center (U.S.)
• Memorial Sloan Kettering Cancer Center (U.S.)
• Brigham and Women's Hospital (U.S.)
• Duke University Health System (U.S.)

𝗠𝗮𝗿𝗸𝗲𝘁 𝗗𝗿𝗶𝘃𝗲𝗿𝘀 & 𝗥𝗲𝘀𝘁𝗿𝗮𝗶𝗻𝘁𝘀

Market Drivers: The U.S. Medical Tourism Market benefits from the country's advanced healthcare infrastructure, availability of cutting-edge treatments, and globally recognized medical institutions. Patients worldwide seek treatments in the U.S. for procedures such as oncology, cardiology, and orthopaedic surgeries due to high success rates and skilled professionals.

Market Restraints: Despite its strengths, the market faces challenges, including high healthcare costs and stringent visa requirements. These factors can limit accessibility for international patients, particularly those from low-income regions.

𝗠𝗮𝗿𝗸𝗲𝘁 𝗥𝗲𝗽𝗼𝗿𝘁 𝗖𝗼𝘃𝗲𝗿𝗮𝗴𝗲

The report covers comprehensive market insights, analyzing trends, service segmentation, and the competitive landscape. It provides an in-depth evaluation of market performance and the strategies employed by key players to maintain their dominance.

𝗙𝗼𝗿 𝗙𝘂𝗹𝗹 𝗥𝗲𝗽𝗼𝗿𝘁 𝗖𝗼𝘃𝗲𝗿𝗮𝗴𝗲 𝗩𝗶𝘀𝗶𝘁: https://www.fortunebusinessinsights.com/u-s-medical-tourism-market-108968

𝗠𝗮𝗿𝗸𝗲𝘁 𝗖𝗼𝗺𝗽𝗲𝘁𝗶𝘁𝗶𝘃𝗲 𝗟𝗮𝗻𝗱𝘀𝗰𝗮𝗽𝗲

Competition in the U.S. Medical Tourism Market is fierce, with leading healthcare institutions striving to attract international patients. The focus remains on delivering superior medical outcomes, enhancing patient experiences, and leveraging technology to streamline healthcare services.

𝗠𝗮𝗿𝗸𝗲𝘁 𝗦𝗲𝗴𝗺𝗲𝗻𝘁𝘀

By Service: The medical treatment segment accounted for the largest market share in 2022. This includes specialized procedures such as organ transplants, cardiac surgeries, and cancer treatments, which attract a significant number of international patients seeking world-class care.

Other Services: Wellness and preventive care services are also gaining traction as patients seek holistic healthcare solutions in the U.S.

𝗠𝗮𝗿𝗸𝗲𝘁 𝗥𝗲𝗴𝗶𝗼𝗻𝗮𝗹 𝗜𝗻𝘀𝗶𝗴𝗵𝘁𝘀

The U.S. remains a top destination for medical tourism due to its state-of-the-art facilities and reputation for medical excellence. Regions such as California, Texas, and Florida are key hubs, attracting patients from around the world. These states boast globally renowned hospitals and healthcare providers, offering a wide range of services to meet diverse patient needs.

𝗙𝘂𝘁𝘂𝗿𝗲 𝗠𝗮𝗿𝗸𝗲𝘁 𝗦𝗰𝗼𝗽𝗲

The U.S. Medical Tourism Market is poised for growth, driven by technological advancements such as telemedicine and AI-assisted diagnostics. The integration of digital health tools is expected to enhance patient convenience and treatment efficacy. Furthermore, collaborations between U.S. healthcare institutions and international organizations will likely strengthen the market's position as a global leader in medical tourism.

For more detailed analysis and insights, visit the U.S. Medical Tourism Market Report.

𝗖𝘂𝘀𝘁𝗼𝗺𝗶𝘇𝗲 𝗧𝗵𝗶𝘀 𝗥𝗲𝗽𝗼𝗿𝘁 𝗔𝗰𝗰𝗼𝗿𝗱𝗶𝗻𝗴 𝗧𝗼 𝗬𝗼𝘂𝗿 𝗖𝗼𝗻𝘃𝗲𝗻𝗶𝗲𝗻𝗰𝗲: https://www.fortunebusinessinsights.com/enquiry/ask-for-customization/u-s-medical-tourism-market-108968

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This release was published on openPR.