The report on Medical Tourism Market by treatment type (neurological, orthopedic treatment, cancer
treatment, cardiovascular treatment, fertility treatment and others), region (North America, Europe, Asia-
Pacific) trends analysis and forecasts up to 2023 studies the market sizes, key trends and opportunities in the
main geographies such as North America, Europe, Asia-Pacific, Rest of the World. According to the report the
Global Medical Tourism Market is projected to grow at a CAGR of 14.5% in terms of value over the period of
2017-2023. The growth in the world market is primarily driven by significant contribution by North America
(Leading region) region to this market.
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The global growth in the flow of patients and health professionals as well as medical technology, capital
funding and regulatory regimes across national borders has given rise to new patterns of consumption and
production of healthcare services over recent decades. Moreover, as healthcare treatment turns costlier in
developed countries, the people travel from one country to another to receive a medical treatment, which is
referred as medical tourism. These medical treatments could be either sophisticated treatments, which
include cardiac, orthopedic, dental, and neurosurgeries; or non-compulsory treatments such as cosmetic
surgeries. Costa Rica, India, Israel, Malaysia, Mexico, Thailand, Turkey, Singapore, South Korea, Taiwan and
United States are some of the key destination countries for the medical tourism patients.
Market Insights
High cost of treatments, rise in base of geriatric population, increasing adoption of sophisticated technology,
increasing awareness about cost effective treatments available in developing countries, and favorable
exchange rates are key factors driving the market growth. In addition, long waiting time for treatment in some
countries, and employers, insurers and health insurance agents who are seeking medical treatments abroad
due to economic crisis in some countries further propelling the market growth in the coming years.
Infinium Global Research