Medical Tourism Services Market Report 2025 (Global Edition)

Global Medical Tourism Services Market Report 2025 Market Size Split by Type Outlook: (Wellness Service, Therapeutic Service), by Tourist Type Outlook: (Inbound Medical Tourism, Outbound Medical Touri...

Medical Tourism Services Market Report Description

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Competitive Landscape of the Medical Tourism Services Market

The competitive context of the medical tourism services industry offers information broken down by competition. In-depth information is provided about the business's background, finances, earnings, prospective markets, R&D spending, emerging market efforts, international manufacturing locations and infrastructure, manufacturing capabilities, company advantages and disadvantages, introduction of products, goods length and dimension, and sector superiority. The earlier statistics only pertain to the companies ' concentration on the medical tourism services industry.

In April 2024, Bumrungrad International Hospital is revolutionizing medical records and data administration in partnership with Certinal eSign, a pioneer in digital transaction handling. Through enhanced eSignatures and digital processes, this partnership will improve security, increase efficiency, and reinvent the patient experience—all of which will be important steps toward expansion and development. (Source: https://www.hitachi.com/New/cnews/month/2024/04/240515a.html) In June 2024, Bangkok Heart Hospital and Bangkok International Hospital launched the "Vigorous Heart, Intelligent Brain" lecture at the Novotel Hua Hin Resorts & Wellness. The conference, which included top cardiology and neurology specialists, was designed to increase consciousness about avoiding heart failure and catastrophe. (Source: https://www.bangkokinternationalhospital.com/health-articles/news-events/seminar-strong-heart-smart-brain-bih) In April 2024, Raffles Medical Group (RMG or the Group) is happy to declare that, exposed to the fulfillment of specific circumstance history and pertinent regulatory authorizations, it has signed into a partnership proposal with The Dealing Options business Vietnam to obtain a significant portion of American Internationally Hospital in Ho Chi Minh City, Vietnam. The corporation will also sign an executive contract of services to oversee the AIH activities as a condition of the acquisition. (Source: https://www.rafflesmedicalgroup.com/wp-content/uploads/2023/10/Media-Release-RMG-Enters-into-Strategic-Partnership-and-Management-Agreement-on-AIH-in-Vietnam.pdf)

Top Companies Market Share in Medical Tourism Services Industry: (In no particular order of Rank)

• MOHW Hengchun Tourism Hospital
• Apollo Hospitals Enterprise Ltd.
• Bumrungrad International Hospital
• Mount Elizabeth Hospitals
• Raffles Medical Group
• Dr. B. L. Kapur Memorial Hospital
• Kasemrad Hospital International Rattanathibet
• Mission Hospital
• Bangkok Hospital
• Miot Hospital
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*List of Second Tier Companies, List of Third Tier/ Start-up Companies (Inquire with sales executive) Request Any Company Profile for Preview Purpose OR Data Validation!

If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.

Regional Analysis of the Medical Tourism Services Market

Which Region Dominates the Medical Tourism Services Market in 2024?

According to Cognitive Market Research, North America currently dominates the medical tourism services market, and the region is expected to have significant growth during the projected period. This is because of the availability of highly qualified medical professionals, the quick development of medical technology, and the growth of healthcare institutions, including hospitals and physician offices. Large populations, growing urbanization, higher levels of education and awareness of respiratory disorders, and better healthcare infrastructure are all also driving forces behind this expansion.

Which Region is Expanding at the Fastest CAGR?

Asia-Pacific is expected to make significant gains during the projected period, with the greatest compound annual growth rate (CAGR) because this area provides excellent and reasonably priced medical care, including procedures, dentistry, heart conditions, orthopedic treatment, IVF radiation therapy, treatment for fertility, and even more. Additionally, the area is home to reputable medical tourism organizations that provide a range of services, from airport transfers to hospitalizations, operations, procedures, and excursions.

The current report Scope analyzes Medical Tourism Services Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Netherlands, Switzerland, Belgium)
• Asia-Pacific (China, Japan, Korea, India, Australia, Philippines, Singapore, Malaysia, Thailand, Indonesia, Rest of APAC)
• South America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East and Africa (Saudi Arabia, Turkey, Nigeria, UAE, Egypt, South Africa, GCC Countries, Rest of MEA)

The above graph is for illustrative purposes only.

North America Medical Tourism Services

According to Cognitive Market Research, the global medical tourism services market size was estimated at USD 25142.6 Million, out of which North America held the major market share of more than 40% of the global revenue with a market size of USD 10057.04 million in 2024 and will grow at a compound annual growth rate (CAGR) of 20.4% from 2024 to 2031.

• According to Cognitive Market Research, the US had a major share in the medical tourism services market with a market size of USD 7935.00 million in 2024 and is projected to grow at a CAGR of 20.2% during the forecast period. The U.S. market's Stringent governmental regulations.
• The Canada medical tourism services market had a market share of USD 1206.84 million in 2024 and is projected to grow at a CAGR of 21.2% during the forecast period. Canada’s rising awareness among the population.
• The Mexico medical tourism services market is projected to witness growth at a CAGR of 20.9% during the forecast period, with a market size of USD 915.19 million in 2024.

Europe Medical Tourism Services

According to Cognitive Market Research, the global medical tourism services market size was estimated at USD 25142.6 Million, out of which Europe held the market share of more than 30% of the global revenue with a market size of USD 7542.78 million in 2024 and will grow at a compound annual growth rate (CAGR) of 20.7% from 2024 to 2031.

• The United Kingdom medical tourism services market had a market share of USD 1267.19 million in 2024 and is projected to grow at a CAGR of 21.5% during the forecast period. In the UK, Medical Tourism Services sales witness an upswing due to the nation's rising demand for innovative technology.
• The France medical tourism services market is projected to witness growth at a CAGR of 19.9% during the forecast period, with a market size of USD 693.94 million in 2024.
• According to Cognitive Market Research, the German medical tourism services market size was valued at USD 1493.47 million in 2024 and is projected to grow at a CAGR of 20.9% during the forecast period. In Germany, Medical Tourism Services surged due to the presence of major market players.
• The Italy medical tourism services market is projected to witness growth at a CAGR of 20.1% during the forecast period, with a market size of USD 648.68 million in 2024.
• The Russia medical tourism services market is projected to witness growth at a CAGR of 19.7% during the forecast period, with a market size of USD 1169.13 million in 2024.
• The Spain medical tourism services market is projected to witness growth at a CAGR of 19.8% during the forecast period with a market size of USD 618.51 million in 2024
• The Luxembourg medical tourism services market is projected to witness growth at a CAGR of 20.8% during the forecast period, with a market size of USD 233.83 million in 2024.
• The Portugal medical tourism services market is projected to witness growth at a CAGR of 20.5% during the forecast period, with a market size of USD 158.40 million in 2024.
• The Greece medical tourism services market is projected to witness growth at a CAGR of 21.0% during the forecast period, with a market size of USD 90.51 million in 2024.
• The Rest of Europe's medical tourism services market is projected to witness growth at a CAGR of 19.4% during the forecast period, with a market size of USD 1169.13 million in 2024.

Asia Pacific Medical Tourism Services

According to Cognitive Market Research, the global medical tourism services market size was estimated at USD 25142.6 Million, out of which Asia Pacific held the market share of around 23% of the global revenue with a market size of USD 5782.80 million in 2024 and will grow at a compound annual growth rate (CAGR) of 24.2% from 2024 to 2031.

• According to Cognitive Market Research, the China medical tourism services market size was valued at USD 2602.26 million in 2024 and is projected to grow at a CAGR of 23.7% during the forecast period. Medical Tourism Services surged in China due to Increased focus of the manufacturers and major market players.
• The Japan medical tourism services market is projected to witness growth at a CAGR of 22.7% during the forecast period, with a market size of USD 798.03 million in 2024.
• The India medical tourism services market had a market share of USD 693.94 million in 2024 and is projected to grow at a CAGR of 26.0% during the forecast period. India's rising awareness among the populations.
• The South Korean medical tourism services market is projected to witness growth at a CAGR of 23.3% during the forecast period, with a market size of USD 578.28 million in 2024.
• The Australian medical tourism services market is projected to witness growth at a CAGR of 23.9% during the forecast period, with a market size of USD 300.71 million in 2024.
• The South East medical tourism services market is projected to witness growth at a CAGR of 25.2% during the forecast period, with a market size of USD 399.01 million in 2024.
• The Rest of Asia Pacific medical tourism services market is projected to witness growth at a CAGR of 24.0% during the forecast period, with a market size of USD 410.58 million in 2024.

South America Medical Tourism Services

According to Cognitive Market Research, the global medical tourism services market size was estimated at USD 25142.6 Million, out of which the Latin America held the market share of around 5% of the global revenue with a market size of USD 1257.13 million in 2024 and will grow at a compound annual growth rate (CAGR) of 21.6% from 2024 to 2031.

• According to Cognitive Market Research, the Brazil medical tourism services market size was valued at USD 538.05 million in 2024 and is projected to grow at a CAGR of 22.2% during the forecast period. Medical Tourism Services flourished in Brazil due to increasing demand for electronic component.
• Argentina's medical tourism services market had a market share of USD 211.20 million in 2024 and is projected to grow at a CAGR of 22.5% during the forecast period. Argentina's rising personal disposable income .
• Colombia medical tourism services market is projected to witness growth at a CAGR of 21.4% during the forecast period, with a market size of USD 111.88 million in 2024.
• Peru medical tourism services market is projected to witness growth at a CAGR of 21.8% during the forecast period, with a market size of USD 103.08 million in 2024.
• Chile medical tourism services market is projected to witness growth at a CAGR of 21.9% during the forecast period, with a market size of USD 90.51 million in 2024.
• The Rest of Latin America's medical tourism services market is projected to witness growth at a CAGR of 20.7% during the forecast period, with a market size of USD 202.40 million in 2024.

Middle East Medical Tourism Services

According to Cognitive Market Research, the global medical tourism services market size was estimated at USD 25142.6 Million, out of which the Middle East and Africa held the major market share of around 2% of the global revenue with a market size of USD 502.85 million in 2024 and will grow at a compound annual growth rate (CAGR) of 21.9% from 2024 to 2031..

• The GCC Countries medical tourism services market is projected to witness growth at a CAGR of 22.7% during the forecast period, with a market size of USD 215.22 million in 2024. Medical Tourism Services sales flourish due to the presence of major market players.
• The Egypt medical tourism services market is projected to witness growth at a CAGR of 22.2% during the forecast period, with a market size of USD 52.80 million in 2024.
• The South Africa medical tourism services market is projected to witness growth at a CAGR of 22.9% during the forecast period, with a market size of USD 79.45 million in 2024. Medical Tourism Services sales flourished in South Africa due to increasing demand and regulatory support.
• The Turkey medical tourism services market is projected to witness growth at a CAGR of 21.4% during the forecast period, with a market size of USD 43.25 million in 2024.
• The Nigeria medical tourism services market is projected to witness growth at a CAGR of 21.0% during the forecast period, with a market size of USD 52.80 million in 2024.
• The Rest of the MEA medical tourism services market is projected to witness growth at a CAGR of 20.9% during the forecast period, with a market size of USD 59.34 million in 2024.

Medical Tourism Services Market Analysis

How are Segments Performing in the Global Medical Tourism Services Market?

Medical Tourism Services Market Type Segment Analysis

According to Cognitive Market Research, wellness services are likely to dominate the medical tourism services market over the forecast period because of the provision of recuperation and wellness treatments, which are crucial components of the medical tourism adventure. These treatments, which frequently incorporate both conventional and alternate methods, aid in recovering people in a peaceful and encouraging setting, making medical tourism locations more alluring overall.

The therapeutic service is the fastest-growing segment in the medical tourism services market because patients are looking for great medical care for ailments that need cutting-edge therapies that are either unavailable or prohibitively expensive in their native nations. Individuals who are suffering from psychological issues, including depression, stress, or illnesses associated with trauma, might benefit from treatment. It offers resources and methods for improving adaptability and emotional wellness.

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Medical Tourism Services Market Tourist Type Segment Analysis

According to Cognitive Market Research, the inbound medical tourism segment holds the largest market share. Inbound medical tourism usually entails more involved operations that require extended hospitalization for patients. These therapies frequently include significant physical procedures, organ transplants, and protracted cancer therapies. Patients have access to state-of-the-art medical equipment and all-inclusive care plans that address every step of their therapeutic process.

In the medical tourism services market, the rapidly growing sector is outbound medical tourism because of its affordability and ease of use. Outbound medical tourism is quite popular among medical tourists. Superior treatment may be given to patients quickly, and they frequently mix their healthcare visit with a vacation. In the medical tourism industry, the popularity of outside therapy has increased dramatically due to the growth of harmless and minimally invasive surgeries.

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Medical Tourism Services Market Tour Type Segment Analysis

According to Cognitive Market Research, the tour groups segment holds the largest market share because these groups frequently work with travel agencies and global health initiatives to provide patients from other countries with customized medical programs. Particularly in nations with developed national wellness programs, government-operated healthcare facilities that are available to tour groups are important players in the medical tourism industry.

In the medical tourism services market, the rapidly growing sector is independent travelers because they are better equipped to provide more individualized treatment and a greater choice of services. Patients from outside frequently favor independent healthcare organizations because they provide cutting-edge facilities, sophisticated medical equipment, and highly qualified professionals. People who want extra attention or quicker access to medical facilities without having to wait as long in public healthcare systems may find this market segment extremely attractive.

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Medical Tourism Services Market Customer Orientation Segment Analysis

According to Cognitive Market Research, the men segment holds the largest market share. Men have historically been encouraged to work in physically demanding professions like manufacturing, extractive industries, and engineering. It is expected that this component will propel the segment's growth in the years ahead.

In the medical tourism services market, the rapidly growing sector is research institutes. Women play a crucial role in the economy. They play a crucial role in tourism and support the growth and success of businesses. There is proof that women are more likely to take risks and thrive as business owners than ever before. Women and girls who are interested in international healthcare have fewer instances of mood disorders and greater degrees of self-confidence and self-worth. Additionally, they report greater emotional wellness.

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Medical Tourism Services Market Age Group Segment Analysis

According to Cognitive Market Research, the 46-55 years segment holds the largest market share because this group is becoming more and more involved in exploring, livestock excursions, and architectural or cultural trips. They want to go on experiences that present chances for self-reflection and personal development in addition to physical difficulties. This age group is a lucrative market for medical tourism companies that specialize in longer, more intensive travel experiences since they frequently have more free time as well as assets to spend on recreational pursuits.

In the medical tourism services market, the rapidly growing sector is 26-35 years. This group may afford the luxury of spending more on vacation since they are often better off financially than their younger peers. They have a preference for adventurous and culturally enriching activities like eco-tours, bike vacations, and guided exploring travels.

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Medical Tourism Services Market Treatment Segment Analysis

According to Cognitive Market Research, the cardiovascular treatment segment holds the largest market share because of its sophisticated healthcare system, skilled cardiologists, and reasonably priced treatment alternatives. Having access to complete cardiovascular treatments that cover both initial and after-surgery treatment draws patients from all over the globe. With more and more patients traveling to nations renowned for their superior cardiac services to undergo procedures like coronary bypass grafting and valve substitutes, cardiovascular therapy represents a significant portion of the medical tourism business.

In the medical tourism services market, the rapidly growing sector is dental treatment. Because dental operations, including attaches, caps, canal treatment, and straightening, are expensive and require lengthy wait periods in affluent nations, there is a huge demand for them. Additionally, lodging and airfare are frequently included in dental tourism packages, which is beneficial to tourists.

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Medical Tourism Services Market Booking Channel Segment Analysis

According to Cognitive Market Research, the online booking segment holds the largest market share because of elements including flexible rates, immediate time accessibility, and content from users. Additionally, by combining neural networks and machine learning, these systems may offer personalized suggestions based on historical passenger patterns and interests, which encourages more people to book online.

In the medical tourism services market, the rapidly growing sector is offline booking. This section is especially pertinent to high-risk activities or complicated schedules where individualized support and assurance are desired. Travel agencies continue to be relevant in an expanding digital environment by offering personalized travel packages and using their knowledge to offer information about more obscure places.

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• The global medical tourism services market will expand significantly by 22.20% CAGR between 2024 and 2031.
• Dental treatment is expected to dominate the medical tourism services market over the forecast period because dental treatment is expensive in many wealthy nations.
• The online booking segment has the biggest market share because they are reasonably priced and convenient.
• {tenth_seg_desc_end} 8th FAQ Frequently asked questions regarding the global Medical Tourism Services Market {faq_start} {faq}What is the market size for the medical tourism services market in 2024? {ans}The global market size for medical tourism services in 2024 is USD 25142.6 million. {faq}What is the growth rate for the medical tourism services market over the forecast period? {ans}The global medical tourism services market is expected to grow with a CAGR of 22.20% over the projected period. {faq}Which is the leading region of the market for medical tourism services? {ans}North America held a significant global medical tourism services market revenue share in 2024. {faq}Which region is projected to detect the fastest growth in the medical tourism services market over the forecast period? {ans}Asia-Pacific will witness the fastest growth of the global medical tourism services market over the coming years. {faq}Which country will be leading in the medical tourism services market in 2024? {ans}The US had the most significant global medical tourism services market revenue share in 2024. {faq}What are the key drivers for the growth of the medical tourism services market? {ans} The main driver of the growth of the medical tourism services market is the raising awareness and standard of living. {faq}Which is the significant medical tourism services market segment by End use? {ans}The online booking category dominates the market. {faq_end} 11th Regional Insights {north_america_meta_description_start} North America Medical Tourism Services Market size will be USD 10057.04 million in 2024 and will grow at a compound annual growth rate (CAGR) of 20.4% from 2024 to 2031. North America has emerged as a prominent participant, and its sales revenue is estimated to reach USD 39490.8 Million by 2031. This growth is mainly attributed to technological advancement. {north_america_meta_description_end} {north_america_report_title_start} North America Medical Tourism Services Market size will be USD 10057.04 million in 2024. {north_america_report_title_end} {north_america_start}

  According to Cognitive Market Research, the global medical tourism services market size was estimated at USD 25142.6 Million, out of which North America held the major market share of more than 40% of the global revenue with a market size of USD 10057.04 million in 2024 and will grow at a compound annual growth rate (CAGR) of 20.4% from 2024 to 2031.

  • According to Cognitive Market Research, the US had a major share in the medical tourism services market with a market size of USD 7935.00 million in 2024 and is projected to grow at a CAGR of 20.2% during the forecast period. The U.S. market's Stringent governmental regulations.
  • The Canada medical tourism services market had a market share of USD 1206.84 million in 2024 and is projected to grow at a CAGR of 21.2% during the forecast period. Canada’s rising awareness among the population.
  • The Mexico medical tourism services market is projected to witness growth at a CAGR of 20.9% during the forecast period, with a market size of USD 915.19 million in 2024.
  {north_america_end} {north_america_report_scope_start} North America controls the worldwide medical tourism services market. The demand for Medical Tourism services in North America is driven by the rise in medical tourism, a general boost in the occurrence of various ailments, and the subsequent expansion of the population. Although the area has historically been an attractive option for medical tourists looking for reasonably priced treatments overseas, it is also growing increasingly a final destination for medical visitors. North America draws patients from throughout the world because of its world-class healthcare institutions, technological advances in medicine, and emphasis on exceptional treatment. {north_america_report_scope_end} {europe_meta_description_start} Europe Medical Tourism Services Market will be USD 7542.78 million in 2024 and will grow at a compound annual growth rate (CAGR) of 20.7% from 2024 to 2031. Increasing focus on environmental sustainability is expected to aid the sales to USD 29055.4 million by 2031 {europe_meta_description_end} {europe_report_title_start} Europe Medical Tourism Services Market will be USD 7542.78 million in 2024 and will grow at a compound annual growth rate (CAGR) of 20.7% from 2024 to 2031. {europe_report_title_end} {europe_start}

  According to Cognitive Market Research, the global medical tourism services market size was estimated at USD 25142.6 Million, out of which Europe held the market share of more than 30% of the global revenue with a market size of USD 7542.78 million in 2024 and will grow at a compound annual growth rate (CAGR) of 20.7% from 2024 to 2031.

  • The United Kingdom medical tourism services market had a market share of USD 1267.19 million in 2024 and is projected to grow at a CAGR of 21.5% during the forecast period. In the UK, Medical Tourism Services sales witness an upswing due to the nation's rising demand for innovative technology.
  • The France medical tourism services market is projected to witness growth at a CAGR of 19.9% during the forecast period, with a market size of USD 693.94 million in 2024.
  • According to Cognitive Market Research, the German medical tourism services market size was valued at USD 1493.47 million in 2024 and is projected to grow at

The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Medical Tourism Services Industry. Request a Free Sample PDF!

Medical Tourism Services Market Tourist Type Segment Analysis

According to Cognitive Market Research, the inbound medical tourism segment holds the largest market share. Inbound medical tourism usually entails more involved operations that require extended hospitalization for patients. These therapies frequently include significant physical procedures, organ transplants, and protracted cancer therapies. Patients have access to state-of-the-art medical equipment and all-inclusive care plans that address every step of their therapeutic process.

In the medical tourism services market, the rapidly growing sector is outbound medical tourism because of its affordability and ease of use. Outbound medical tourism is quite popular among medical tourists. Superior treatment may be given to patients quickly, and they frequently mix their healthcare visit with a vacation. In the medical tourism industry, the popularity of outside therapy has increased dramatically due to the growth of harmless and minimally invasive surgeries.

The above Graph is for representation purposes only. This chart does not depict actual Market share.

Author's Detail

Manjiri Kanhere

Senior Research Associate at Cognitive Market Research

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Manjiri Kanhere is an experienced market researcher focused on the Pharma & Healthcare industry. With over 3+ years of experience, She has worked with major pharmaceutical companies and healthcare providers, helping them to understand market trends, identify new business opportunities, and develop effective sales & marketing strategies. Her expertise lies in the ability to analyze complex data sets and deliver insights that drive business decisions. At Cognitive Market Research, she handles the market research related to Pharma and healthcare industry.

Author's Conclusion