U.S. Medical Tourism Market To Reach $18.21 Billion By 2030

U.S. Medical Tourism Market Growth & Trends

The U.S. medical tourism market size is anticipated to reach USD 18.21 billion by 2030 and is anticipated to expand at a CAGR of 13.02% from 2024 to 2030, according to a new report by Grand View Research, Inc. The market has experienced significant growth in recent times, driven by the increasing presence of internationally accredited hospitals and the reputation for providing cutting-edge medical treatments.

The growing emphasis on personalized and patient-centric care in U.S. healthcare facilities is significantly driving the medical tourism industry in the country. Hospitals and clinics increasingly focus on tailored treatments to individual patient needs, providing personalized care plans, and enhancing the overall patient experience. This high-quality, patient-centered care is expected to witness high demand from international patients seeking an advanced and customized approach to their health.

Moreover, American patients are increasingly traveling to international destinations for various medical procedures, including elective surgeries, dental care, and cosmetic treatments. International medical providers are responding to this demand by offering comprehensive healthcare packages that include medical treatments, travel arrangements, accommodation, and concierge services. These all-inclusive packages simplify the patient process, making it easier to manage their medical journey and ensuring a smooth and supportive experience.

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U.S. Medical Tourism Market Report Highlights

• The inbound medical tourism segment dominated the market with a revenue share of 50.63% in 2023 and is expected to grow at the fastest CAGR over the forecast period. The segment's growth is attributed to the presence of accredited hospitals and specialized centers ensuring high-quality, reliable healthcare that appeals to patients seeking top-tier medical services..

• The outbound medical tourism segment is expected to witness significant growth over the forecast period. This is attributed to the rising healthcare costs in the U.S. & demand for affordable & accessible medical treatments with low waiting times.

U.S. Medical Tourism Market Segmentation

Grand View Research has segmented the U.S. medical tourism market based on type:

U.S. Medical Tourism Type Outlook (Revenue, USD Million, 2018 - 2030)

• Inbound Medical Tourism

• Outbound Medical Tourism

List of Key Players in the U.S. Medical Tourism Market

• The Johns Hopkins Hospital

• Mayo Clinic

• Cleveland Clinic

• Cedars-Sinai

• Massachusetts General Hospital

• UCSF Health

• NewYork-Presbyterian Hospital

• Brigham and Women's Hospital

• Ronald Regan UCLA Medical Center

• Northwestern Memorial Hospital