Asia-Pacific to Grab the Lion’s Share in the Medical Tourism Market

The medical tourism market’s most prominent driver is the emergence of affordable healthcare choices, with increased quality services. Shifting patient preference towards minimally invasive and low-cost procedures and advancement in healthcare administration bolsters the market growth. Globally, the healthcare systems are offering incentives and comfortable stay with affordable plans to invite medical assistance seeking visitors.  

Key Highlights

• The medical tourism market was valued at USD 241,134.28 million in 2019 and is expected to grow at a CAGR of 6.4%.
• The cardiovascular treatment segment holds the largest share in the market
• The bariatric surgery segment is expected to grow at a significant rate due to the rising prevalence of obesity across the globe.
• Asia-Pacific leads the medical tourism market. India's medical tourism is growing at a rate of 18% every year and is predicted to reach about USD 9 billion by 2020.

Market Segments

1. By Treatment Type
   1. Cardiovascular Treatment
   2. Orthopedic Treatment
   3. Cosmetic Treatment
   4. Bariatric Treatment
   5. Dental Treatment
   6. Ophthalmology Treatment
   7. Infertility Treatment
   8. Others
2. By Service Provider
   1. Public
   2. Private