Medical Tourism Market Size & Share, by Treatment Type (Cosmetic, Dental, Fertility, Orthopedic, Neurological, Cancer); Application (Public, Private) - Global Supply & Demand Analysis, Growth Forecasts, Statistics Report 2023-2035

  • Report ID: 4508
  • Published Date: Feb 10, 2023
  • Report Format: PDF, PPT

Global Market Size, Forecast, and Trend Highlights Over 2023-2035

Medical Tourism Market size is poised to reach USD 100 Billion by the end of 2035, growing at a CAGR of 12% during the forecast period, i.e., 2023-2035. In the year 2023, the industry size of medical tourism was USD 10 Billion.The growth of the market is primarily attributed to the rising number of people traveling to other countries to get medical care. Based on the data published by the Medical Tourism Association (MTA), it was estimated that nearly 14 million people travel across the globe to receive required medical care.

Global medical tourism market trends such as the rising prevalence of hip & knee replacement and angioplasty and escalation in the spending on medical technology across the globe are projected to influence the growth of the market positively over the forecast period. The total spending on medical technology in 2019 was estimated to reach USD 30 billion while the total volume generated by medical technology across the globe was projected to be around USD 450 billion. Moreover, medical tourism is a term when people travel across the country to receive medical treatment for several medical conditions. Hence, all these factors are expected to hike the growth of the market over the forecast period.

Medical Tourism Market
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Medical Tourism Sector: Growth Drivers and Challenges

Growth Drivers

  • Rising Cases of Cancer Across the Globe - World Health Organization (WHO) released a report showing that in 2020, around 10 million people lost their lives worldwide.The common reason boosting the demand for medical tourism is the lack of availability and higher cost of treatment in particular countries. Cancer is the leading cause of death and many developing countries have no healthcare centers to offer medical care to cancer patients while other countries have well-organized treatment procedures for the disease. Hence, thousands of people travel from country to country to acquire the proper treatment. Therefore, all these factors are estimated to hike the market growth over the forecast period.
  • Significant Growth in the Medical Technology- It is observed that medical technology worldwide in 2022 grew by 5.5%.
  • Increasing Global Healthcare Expenditure - World Bank published a report stating that in 2019, health expenditure reached USD 1,121.9 across the globe.
  • Diverse Costs Associated with the Heart Bypass in Different Countries - Heart bypass is the procedure to treat internal blockage of blood in veins or arteries. For instance, in 2019, the United States was estimated to higher cost for heart bypass which was approximately USD 120 thousand.


  • Requirement for Higher Initial Investment - The greater income that is occasionally given to healthcare professionals working in facilities that appeal to foreign patients helps to keep qualified healthcare professionals on staff. Currently, patients in India pay more than 80% of the cost of healthcare out of their cavities. The cost of health care in the nation is increasing as a result of the rise in medical tourists, according to predictions.
  • Lack of Awareness and Proper Medication
  • Decline in the Number of Tourists due to COVID-19

Medical Tourism Market: Key Insights

Forecast Year




Base Year Market Size (2023)

~ USD 10 Billion

Forecast Year Market Size (2035)

~ USD 100 Billion

Regional Scope

  • North America (U.S., and Canada)
  • Latin America (Mexico, Argentina, Rest of Latin America)
  • Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific)
  • Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)
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Medical Tourism Segmentation

Treatment Type (Cosmetic, Dental, Fertility, Orthopedic, Neurological, Cancer)

The global medical tourism market is segmented and analyzed for demand and supply by treatment type into cosmetic, dental, fertility, orthopedic, neurological, cancer, and others. out of these, the cancer segment is projected to witness noteworthy growth over the forecast period. The growth of the segment is accounted for by the higher prevalence of cancer across the globe. Future growth is expected to be particularly fueled by the movement toward alternative cancer therapies including cannabis and green tea extract therapy. For instance, in 2020, cancer accounted for more than 9 million deaths across the globe.

Our in-depth analysis of the global market includes the following segments:


         By Treatment Type

  • Cosmetic
  • Dental
  • Fertility
  • Orthopedic
  • Neurological
  • Cancer
  • Others


          By Application

  • Public
  • Private

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Medical Tourism Industry - Regional Synopsis

The North America medical tourism market, amongst the market in all the other regions, is projected to hold the largest market share by the end of 2035. The growth of the market in the region is ascribed to the higher prevalence of tourism owing to the presence of robust healthcare infrastructure in the region and the growing cases of cancer. For instance, in 2018, the number of tourist visits in the USA was estimated to be around 150 million which further reached about 160 million in 2019. Moreover, the presence of major key players in the region is further projected to hike the growth of the market in the region.

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Medical Tourism Market Size
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Companies Dominating the Medical Tourism Landscape

    • Samitivej PCL
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis
    • Apollo Hospitals Enterprise Ltd.
    • Prince Court Medical Centre
    • Fortis Healthcare Limited
    • Barbados Fertility Center
    • Asian Heart Institute
    • Aditya Birla Health Services Ltd.
    • KPJ Healthcare Berhad 
    • NTT Medical Center Tokyo 
    • Livonta Global Pvt. Ltd.


In The News

  • Apollo Hospitals Enterprise Ltd.’s Apollo Proton Cancer Center (APCC) to become one of the first exclusive proton beam training institutes. The center has also signed an agreement to provide proton therapy training and requisite education across the globe.

  • NTT Medical Center Tokyo to introduce nursery school services at the hospital. Furthermore, the hospital also stated that it would be reducing delivery costs for mothers to offer a comfortable environment to give birth.

Author Credits:  Radhika Gupta, Shivam Bhutani

  • Report ID: 4508
  • Published Date: Feb 10, 2023
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

Rising cases of cancer across the globe and increasing global healthcare expenditure are estimated to majorly boost market growth.

Ans: The market is anticipated to attain a CAGR of ~12% over the forecast period, i.e., 2023 – 2035.

Ans: Decline in the number of tourists due to COVID-19 and lack of awareness and proper medication are estimated to challenge the market growth.

Ans: The market in the North America region is projected to hold the largest market share by the end of 2035 and provide more business opportunities in the future.

Ans: The major players in the market are Apollo Hospitals Enterprise Ltd., Prince Court Medical Centre, Fortis Healthcare Limited, Barbados Fertility Center, Asian Heart Institute, Aditya Birla Health Services Ltd., KPJ Healthcare Berhad, and others.

Ans: The company profiles are selected based on the revenues generated from the product segment, the geographical presence of the company which determines the revenue-generating capacity as well as the new products being launched into the market by the company.

The market is segmented by treatment type, application, and by region.

Ans: The cancer segment is anticipated to garner the largest market size by the end of 2035 and display significant growth opportunities.
Medical Tourism Market Report Scope

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