Medical Tourism Market Size, Share & Trends Analysis Report By Treatment Type (Cosmetic Treatment, Bariatric Treatment), By Service Provider (Private, Public), By Country, And Segment Forecasts, 2023 - 2030

Market Segmentation

• Medical Tourism Treatment Type Outlook (Revenue, USD Million, 2018 - 2030)
  • Cardiovascular treatment
  • Orthopedic treatment
  • Cosmetic treatment
  • Bariatric treatment
  • Dental treatment
  • Ophthalmology treatment
  • Infertility treatment
  • Alternative medicine
  • Others
• Medical Tourism Service Provider Outlook (Revenue, USD Million, 2018 - 2030)
  • Public
  • Private
• Medical Tourism Country Outlook (Revenue, USD Million, 2018 - 2030)
  • Thailand
    • Thailand Medical Tourism Market, By Treatment Type
      • Cardiovascular treatment
      • Orthopedic treatment
      • Cosmetic treatment
      • Bariatric treatment
      • Dental treatment
      • Ophthalmology treatment
      • Infertility treatment
      • Alternative medicine
      • Other services
    • Thailand Medical Tourism Market, By Service Provider
      • Public
      • Private
  • India
    • India Medical Tourism Market, By Treatment Type
      • Cardiovascular treatment
      • Orthopedic treatment
      • Cosmetic treatment
      • Bariatric treatment
      • Dental treatment
      • Ophthalmology treatment
      • Infertility treatment
      • Alternative medicine
      • Other services
    • India Medical Tourism Market, By Service Provider
      • Public
      • Private
  • Costa Rica
    • Costa Rica Medical Tourism Market, By Treatment Type
      • Cardiovascular treatment
      • Orthopedic treatment
      • Cosmetic treatment
      • Bariatric treatment
      • Dental treatment
      • Ophthalmology treatment
      • Infertility treatment
      • Alternative medicine
      • Other services
    • Costa Rica Medical Tourism Market, By Service Provider
      • Public
      • Private
  • Mexico
    • Mexico Medical Tourism Market, By Treatment Type
      • Cardiovascular treatment
      • Orthopedic treatment
      • Cosmetic treatment
      • Bariatric treatment
      • Dental treatment
      • Ophthalmology treatment
      • Infertility treatment
      • Alternative medicine
      • Other services
    • Mexico Medical Tourism Market, By Service Provider
      • Public
      • Private
  • Malaysia
    • Malaysia Medical Tourism Market, By Treatment Type
      • Cardiovascular treatment
      • Orthopedic treatment
      • Cosmetic treatment
      • Bariatric treatment
      • Dental treatment
      • Ophthalmology treatment
      • Infertility treatment
      • Alternative medicine
      • Other services
    • Malaysia Medical Tourism Market, By Service Provider
      • Public
      • Private
  • Singapore
    • Singapore Medical Tourism Market, By Treatment Type
      • Cardiovascular treatment
      • Orthopedic treatment
      • Cosmetic treatment
      • Bariatric treatment
      • Dental treatment
      • Ophthalmology treatment
      • Infertility treatment
      • Alternative medicine
      • Other services
    • Singapore Medical Tourism Market, By Service Provider
      • Public
      • Private
  • Brazil
    • Brazil Medical Tourism Market, By Treatment Type
      • Cardiovascular treatment
      • Orthopedic treatment
      • Cosmetic treatment
      • Bariatric treatment
      • Dental treatment
      • Ophthalmology treatment
      • Infertility treatment
      • Alternative medicine
      • Other services
    • Brazil Medical Tourism Market, By Service Provider
      • Public
      • Private
  • Colombia
    • Colombia Medical Tourism Market, By Treatment Type
      • Cardiovascular treatment
      • Orthopedic treatment
      • Cosmetic treatment
      • Bariatric treatment
      • Dental treatment
      • Ophthalmology treatment
      • Infertility treatment
      • Alternative medicine
      • Other services
    • Colombia Medical Tourism Market, By Service Provider
      • Public
      • Private
  • Turkey
    • Turkey Medical Tourism Market, By Treatment Type
      • Cardiovascular treatment
      • Orthopedic treatment
      • Cosmetic treatment
      • Bariatric treatment
      • Dental treatment
      • Ophthalmology treatment
      • Infertility treatment
      • Alternative medicine
      • Other services
    • Turkey Medical Tourism Market, By Service Provider
      • Public
      • Private
  • Taiwan
    • Taiwan Medical Tourism Market, By Treatment Type
      • Cardiovascular treatment
      • Orthopedic treatment
      • Cosmetic treatment
      • Bariatric treatment
      • Dental treatment
      • Ophthalmology treatment
      • Infertility treatment
      • Alternative medicine
      • Other services
    • Taiwan Medical Tourism Market, By Service Provider
      • Public
      • Private
  • South Korea
    • South Korea Medical Tourism Market, By Treatment Type
      • Cardiovascular treatment
      • Orthopedic treatment
      • Cosmetic treatment
      • Bariatric treatment
      • Dental treatment
      • Ophthalmology treatment
      • Infertility treatment
      • Alternative medicine
      • Other services
    • South Korea Medical Tourism Market, By Service Provider
      • Public
      • Private
  • Czech Republic
    • Czech Republic Medical Tourism Market, By Treatment Type
      • Cardiovascular treatment
      • Orthopedic treatment
      • Cosmetic treatment
      • Bariatric treatment
      • Dental treatment
      • Ophthalmology treatment
      • Infertility treatment
      • Alternative medicine
      • Other services
    • Czech Republic Medical Tourism Market, By Service Provider
      • Public
      • Private
  • Spain
    • Spain Medical Tourism Market, By Treatment Type
      • Cardiovascular treatment
      • Orthopedic treatment
      • Cosmetic treatment
      • Bariatric treatment
      • Dental treatment
      • Ophthalmology treatment
      • Infertility treatment
      • Alternative medicine
      • Other services
    • Spain Medical Tourism Market, By Service Provider
      • Public
      • Private
  • China
    • China Medical Tourism Market, By Treatment Type
      • Cardiovascular treatment
      • Orthopedic treatment
      • Cosmetic treatment
      • Bariatric treatment
      • Dental treatment
      • Ophthalmology treatment
      • Infertility treatment
      • Alternative medicine
      • Other services
    • China Medical Tourism Market, By Service Provider
      • Public
      • Private
  • Australia
    • Australia Medical Tourism Market, By Treatment Type
      • Cardiovascular treatment
      • Orthopedic treatment
      • Cosmetic treatment
      • Bariatric treatment
      • Dental treatment
      • Ophthalmology treatment
      • Infertility treatment
      • Alternative medicine
      • Other services
    • Australia Medical Tourism Market, By Service Provider
      • Public
      • Private
  • Indonesia
    • Indonesia Medical Tourism Market, By Treatment Type
      • Cardiovascular treatment
      • Orthopedic treatment
      • Cosmetic treatment
      • Bariatric treatment
      • Dental treatment
      • Ophthalmology treatment
      • Infertility treatment
      • Alternative medicine
      • Other services
    • Indonesia Medical Tourism Market, By Service Provider
      • Public
      • Private

Medical Tourism Market Dynamics

Driver: High treatment costs in developed economies

In developing countries, high-quality treatment can be availed at a lower cost than in developed countries. Even though the cost of medical treatments in developing countries is minimal, the quality is not compromised due to the availability of resources at relatively lower costs. This factor results in the influx of people to avail health services in these countries. For instance, an Angioplasty procedure costs around USD 55,000 to USD 57,000 for an individual in the U.S., compared to around USD 2,500 to USD 3,500 in Malaysia. People travel from the U.S. and other countries in Europe to Thailand, Singapore, India, and Malaysia for medical treatments, saving about 55-70% of their treatment expenses. In addition, emerging countries such as Malaysia and Thailand are known to have renowned surgeons, which is attracting more than 1 million patients per year for various treatments. The prices of medical treatments in Malaysia are 30-40% lower than in countries such as the U.S., UK, and other European nations. A large population seeks surgeries such as facial aesthetics procedures, dental implants, breast implants, facelifts, and liposuction in these countries.

Driver: Lack of insurance coverage in countries

Most elective surgeries, such as cosmetic surgeries, certain dental surgeries, fertility treatments, and weight loss surgeries, are not covered by insurance companies in the U.S. Limited availability or lack of insurance coverage drives people to seek medical procedures in countries such as Thailand and Malaysia. Cosmetic surgeries in most countries are considered elective, and, therefore, are not covered under medical insurance. This results in interested patients seeking treatment options abroad. Patients can save costs by traveling to places wherein such medical services are provided at lesser costs. For instance, a breast augmentation procedure costs around USD 5,000 to USD 8,000 for an individual in the U.S., compared to around USD 3,000 to USD 4,000 in Malaysia. The cost of IVF treatment in the U.S. is between USD 15,000 and USD 20,000, whereas in Thailand, it is priced between USD 6,200 and USD 12,000. This price difference has led to an increase in medical tourism in Asian countries.

Restraint: Issues concerning follow-ups

A rising number of patients from developed countries are traveling overseas to avail of medical treatments owing to their well-established healthcare infrastructure and low-cost treatments. However, despite successful completion of a surgical procedure, there may be chances of post-surgery complications. For instance, several bariatric procedures use medical devices such as adjustable gastric bands and intra-gastric balloons, which need to be removed after an interval of 6 to 12 months. In such situations, the patient needs to travel to the same country and undergo the required treatment. These follow-up treatments are time-consuming and expensive, which can impede market growth to a certain extent.

What Does This Report Include?

This section will provide insights into the contents included in this medical tourism market report and help gain clarity on the structure of the report to assist readers in navigating smoothly.

Medical tourism market qualitative analysis

• Industry overview

• Industry trends

• Market drivers and restraints

• Market size

• Growth prospects

• Porter’s analysis

• PESTEL analysis

• Key market opportunities prioritized

• Competitive landscape

  • Company overview

  • Financial performance

  • Product benchmarking

  • Latest strategic developments

Medical tourism market quantitative analysis

• Market size, estimates, and forecast from 2018 to 2030

• Market estimates and forecast for product segments up to 2030

• Regional market size and forecast for product segments up to 2030

• Market estimates and forecast for application segments up to 2030

• Regional market size and forecast for application segments up to 2030

• Company financial performance