Asia Pacific Medical Tourism Market To Reach $60.66 Billion By 2030

Asia Pacific Medical Tourism Market Growth & Trends

The Asia Pacific medical tourism market size is anticipated to reach USD 60.66 billion by 2030, expanding at a CAGR of 26.4% from 2024 to 2030, according to a new report by Grand View Research, Inc. The market is expected to experience significant growth due to several factors, including the increasing prevalence of chronic diseases, improved infrastructure in the region, and access to affordable healthcare with skilled medical professionals for specialized treatments available in Asia Pacific region. India, Thailand, and Singapore are the most popular medical tourism destinations in the Asia Pacific region.  

Medical tourism is becoming increasingly popular among international patients who seek to avoid long queues and explore alternative treatment options by traveling abroad for diagnosis. Governments around the world are also promoting health and wellness tourism to stimulate market growth. The availability of immediate procedures and strong government support are key factors in the growth of medical tourism.

In November 2022, TravoCure Healthcare based in India partnered with Ethiopian Airlines and announced a new collaboration to assist travelers from Africa who are seeking medical treatment in India. Both organizations aim to work together to promote India as a medical tourism destination, showcasing its modern medical technologies and internationally accredited hospitals and clinics through joint promotional activities.

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Asia Pacific Medical Tourism Market Report Highlights

• Based on the type of treatment segment, oncology dominated the market and accounted for a share of 25.5% in 2023 owing to the skilled oncologists and high-quality healthcare infrastructure at lower cost in the region

• Neurosurgery and spine surgery is expected to register the fastest CAGR during the forecast period due to the availability of skilled healthcare professionals, holistic approach and cost effective treatments

• India dominated the market and accounted for around 30% share in 2023. This dominance can be attributed to several factors such as cost-effective healthcare services, quality healthcare infrastructure, cultural and language compatibility

Asia Pacific Medical Tourism Market Segmentation

Grand View Research has segmented the Asia Pacific medical tourism market based on treatment type and countries:

Asia Pacific Medical Tourism Treatment Type Outlook (Revenue, USD Billion, 2018 - 2030)

• Neurosurgery and Spine Surgery

• ENT Surgery

• Dentistry

• Oncology

• Gynecology

• Urology

• Ophthalmology

• Plastic & Reconstructive Surgeries

• Other Surgeries

Asia Pacific Medical Tourism Regional Outlook (Revenue, USD Billion, 2018 - 2030)

• Asia Pacific

  • China

  • Australia

  • Indonesia

  • Malaysia

  • Thailand

  • Singapore

  • South Korea

  • India

  • Taiwan

List Of Key Players in the Asia Pacific Medical Tourism Market

• Singapore General Hospital

• Mount Elizabeth Hospital

• Gleneagles Hospital

• Apollo Hospitals

• Bumrungrad International Hospital

• Raffles Medical Group

• Fortis Hospitals

• Asan Medical Center

• Seoul National University Hospital