Medical Tourism Market Size, Share & Trends Analysis Report By Treatment Type (Cardiovascular Treatment, Orthopedic Treatment, Cosmetic Treatment, Bariatric Treatment, Dental Treatment, Ophthalmology Treatment, Infertility Treatment, Others), By Service Provider (Public, Private) and By Region(North America, Europe, APAC, Middle East and Africa, LATAM) Forecasts, 2025-2033

Medical Tourism Market Size

The global medical tourism market size was valued at USD 100.92 billion in 2024 and is projected to reach from USD 122.73 billion in 2024 to USD 654.97 billion by 2033, growing at a CAGR of 23.10% during the forecast period (2025-2033).

Medical tourism is a growing global industry where patients travel abroad to receive medical treatment, often combining healthcare services with leisure or recovery time in another country. This trend has gained traction due to the availability of high-quality care at lower costs compared to patients' home countries. Leading clinics and medical centers in popular destinations offer a wide range of services, including cosmetic surgeries, dental procedures, and advanced treatments such as orthopedic and cardiac care.

A key factor influencing medical tourism is the cost index ranking of countries, which measures the affordability of healthcare services. Countries with lower-cost index rankings are more attractive to international patients seeking budget-friendly treatments without compromising on quality. In contrast, countries with higher rankings may focus on differentiating themselves through specialized care, cutting-edge technologies, or superior patient experiences to remain competitive.

Source: Straits Analysis and SpringerLink

The cost index ranking is a measure of the relative affordability of medical treatments in each country. Based on the graph, Canada has the highest cost index ranking, followed by Costa Rica and India.

Likewise, the Philippines and Colombia have lower cost index rankings, indicating that they are more affordable options for medical tourism. This suggests that even though Canada and Costa Rica might provide excellent medical care, their services tend to be more expensive than those in the other countries listed.

Medical Tourism Market Trends

Ai-driven automation enhancing the medical tourism experience

The increase in integration of AI to automate and enhance the medical tourism experience helps to make the process easier and better by automating tasks and improving healthcare services. This reflects a broader trend where technology is increasingly used to enhance and simplify the experience of getting medical care abroad.

• For instance, in August 2024, HealthStay.io, a member of Mohammed Bin Rashid Innovation Fund (MBRIF) Cohort 7 Accelerator, announced the launch of its world-first artificial intelligence (AI) powered sales and booking management solution to revolutionize medical tourism in the UAE and beyond.

Thus, the increasing use of AI in healthcare is a significant example of an innovative effort to automate and improve the medical tourism experience.

Medical Tourism Market Growth Factors

Cost variation for medical procedures across countries

The significant variation in pricing for medical procedures across countries serves as a major driver of growth in the global medical tourism market. These differences are influenced by various factors, including healthcare systems, labor costs, and regulatory environments. For example, according to a press release from FlyHospital in September 2024, the cost of an angioplasty can reach as high as $30,000 in the U.S., whereas the same procedure may only cost around $12,000 in Mexico and less than $7,000 in India.

Similarly, dental implants illustrate this disparity, with average costs of about $4,500 in the U.S. compared to approximately $1,000 in Mexico and Costa Rica. These substantial cost differences present patients with significant opportunities for savings, making medical tourism an attractive option for those seeking affordable healthcare solutions.

However, it is essential for patients to carefully consider these financial benefits alongside potential variations in quality and safety standards across different healthcare providers. By conducting thorough research and weighing the pros and cons, patients can make informed decisions that meet their medical needs while also considering cost savings.

Increasing affordable, high-quality medical care and comprehensive patient support

Key market players are driving market growth by engaging in organic strategies, such as forming partnerships, to provide affordable and high-quality medical tourism services for patients.

• For instance, in June 2024, ShareTrip and the Malaysian Health Tourism Council (MHTC) entered into a strategic partnership to promote medical tourism in Malaysia for Bangladeshi patients. This partnership will offer Bangladeshi patients a wide range of medical tourism services in Malaysia at affordable rates.

Such partnerships aim to meet all patient needs, from access to top-notch healthcare facilities and specialized treatments to comprehensive wellness programs.

Restraining Factors

Inconsistency in the quality of care across medical tourism facilities

A significant restraining factor in the global medical tourism market is the inconsistency in the quality of care across facilities. Ensuring uniform safety and care standards often requires accreditation from organizations like the Joint Commission International (JCI), which can be costly. Not all medical facilities can afford the fees associated with obtaining and maintaining accreditation, leading to disparities in the quality of care offered to international patients.

• For example, according to an article published in Britannica in August 2024, accreditation fees from bodies like JCI may limit the number of facilities that can achieve these certifications. This creates an uneven landscape, where only some clinics meet international care standards, potentially reducing the pool of reliable options for medical tourists.

As a result, patients may face uncertainty when seeking trustworthy and high-quality medical care abroad, which can negatively affect their confidence in choosing international medical services and slow the growth of medical tourism in certain regions.

Market Opportunities

Advancements in healthcare innovation and strategic initiatives

The growing emphasis on research and development (R&D) to spur healthcare innovation is creating significant opportunities for the medical tourism market. Technological advancements and cutting-edge treatment options are making healthcare abroad more attractive, offering patients access to innovative medical services that may not be available in their home countries. This progress is expected to drive the market’s expansion as patients seek advanced procedures and better outcomes through international medical tourism.

• For example, in March 2023, the Medical Tourism Association, in collaboration with Global Healthcare Resources and the International Healthcare Research Center, launched the first Medical Tourism Moonshot. This initiative aims to eliminate the key barriers limiting the growth of medical tourism, such as access to advanced medical care, by promoting global collaboration and technological advancements in the field.

These strategic initiatives and advancements in medical devices and treatment options are expected to enhance the appeal of medical tourism, attracting more foreign patients and contributing to the industry's growth.

Regional Insights

Asia-pacific: dominant region with 33.4% market share

The Asia-Pacific region has emerged as a dominant player in the global market. This growth is attributed to several advantages, including cost-effective travel, cutting-edge medical innovations, and a pool of highly skilled medical professionals. Patients seeking high-quality and affordable healthcare increasingly favor destinations like Singapore, Malaysia, Thailand, and India, where advanced medical facilities and treatments are readily available. The region's reputation for excellence in various medical specialties, such as cosmetic surgery and orthopedic care, further enhances its appeal to international patients.

Europe: fastest growing region with the highest market cagr

Europe is recognized as the fastest-growing region in the medical tourism market, driven by its robust healthcare infrastructure and a strong history of medical research. Countries like the UK, Germany, Spain, and France offer world-class medical facilities and exceptional care standards. Patients seeking specialized treatments are drawn to Europe not only for its renowned expertise but also for the opportunity to combine medical care with leisure activities in culturally rich environments. Although treatment costs may be higher than in some Asian countries, the promise of quality and safety in medical services makes Europe an attractive destination for medical tourists.

Country insights

The medical tourism market is experiencing dynamic growth and diversification across the globe, with each region contributing uniquely to the advancement of this transformative field. As countries invest in research, development, and healthcare infrastructure, they shape the market landscape in distinctive ways.

Understanding these country-specific dynamics is essential for grasping global trends and identifying emerging opportunities. This section analyses key developments, market leaders, and regulatory environments across various countries, illustrating how their unique contributions and strategies drive the evolution of medical tourism and impact the future of healthcare.

By examining factors such as government support and investment levels, we gain a comprehensive view of how regional dynamics drive innovation and adoption in medical tourism, highlighting significant opportunities and challenges across the globe and demonstrating how different countries are shaping the future of this medical tourism.

Below are a few countries that illustrate the diverse contributions and advancements in the medical tourism market.

• Canada - The government is actively advancing medical tourism through initiatives like the Canadian Dental Care Plan (CDCP) to make dental care more affordable for up to 9 million Canadians. By covering essential services such as cleanings and fillings for eligible seniors, adults with disabilities, and children, the government is also launching a broad ad campaign to raise awareness.
• Singapore- Singapore's attractiveness in medical tourism goes beyond its outstanding patient care. Insurers and healthpayers are attracted to Singapore for its high-quality healthcare services at a fraction of the cost found in advanced countries. For instance, knee replacement surgery in Singapore costs approximately USD 16,000, compared to USD 43,000 in the U.S. In contrast, heart bypass surgery costs USD 18,000 in Singapore versus over USD 130,000 in the U.S., offering savings of over 80%. This cost-effectiveness significantly boosts Singapore’s appeal as a destination for medical tourism.

• Japan – The Japanese government’s efforts to boost medical tourism are targeting the gap in treatment facilities in lower-middle-income countries. For example, a LaingBuisson article from June 2022 highlighted Japan’s introduction of limited package tours for triple-vaccinated travelers from the U.S., Australia, Thailand, and Singapore to gauge the broader rejuvenation of tourism.
• Spain – Spain is rapidly establishing itself as a premier destination for medical tourism, recognized for its exceptional healthcare services and overall health standards. Ranked as the healthiest country in the world, Spain surpasses even the UK (19th) and the U.S. (35th) in health metrics. The country boasts a comprehensive healthcare system featuring over 804 hospitals and approximately 160,981 hospital beds, ensuring ample capacity to accommodate both local and international patients.
• UK- The UK is home to renowned medical institutions such as the London Orthopedic Clinic, Birmingham Children’s Hospital, and the Cambridge Complex Orthopedic Trauma Center, all recognized for their top-quality healthcare services. This reputation attracts international patients seeking advanced treatments and contributes significantly to the growth of medical tourism in the UK.
• Dubai – Dubai, home to a population of over 9.4 million, attracts more than 10 million tourists annually, making it a vibrant hub for international visitors. The city’s hospitable environment and luxurious appeal significantly enhance the travel experience for millions of patients seeking world-class medical care. Dubai is renowned for its state-of-the-art healthcare facilities, offering a wide range of specialized treatments, including cosmetic surgery, orthopedics, and fertility services.
• India - Traveling to India for dental care is increasingly popular due to its affordability, high-quality treatments, and modern facilities. Patients benefit from significantly lower costs compared to many Western countries, along with access to skilled dental professionals and advanced technologies. Moreover, minimal waiting times for procedures enhance the convenience for international patients.
• Costa Rica – Costa Rica has emerged as a prominent player in the medical tourism industry, particularly in the fields of dentistry and cosmetic surgery. The country ranks high in various dimensions of medical tourism, holding 6th place for its favorable destination environment and 13th for the quality of facilities and services. Known for its excellent healthcare infrastructure, Costa Rica offers patients access to skilled surgeons and modern medical technologies at competitive prices. 

Medical Tourism Market Segmentation Analysis

By treatment type

The market is bifurcated into cardiovascular treatment, orthopedic treatment, cosmetic treatment, bariatric treatment, dental treatment, ophthalmology treatment, infertility treatment, and others. The cosmetic treatment segment is a key driver in the medical tourism market, largely fueled by growing patient awareness and increasing demand for anti-aging and aesthetic procedures in developed countries. This trend is propelling significant market growth as more individuals seek high-quality cosmetic treatments abroad.

• For example, in May 2024, KPJ Healthcare Berhad announced a strategic partnership with Healthtrip, a leading health travel company. This collaboration allows patients to access a comprehensive range of KPJ Healthcare’s services, including medical, dental, cosmetic, and wellness treatments, through Healthtrip's innovative digital platform. Such strategic partnerships enhance accessibility to diverse treatments, making it easier for patients to find and book the services they need.

By service provider

The market is divided into public and private. The private segment dominates the market, primarily due to the substantial number of healthcare facilities available. According to research conducted by the Bank of Ayudhya in May 2024, approximately 65% of healthcare facilities are private clinics and hospitals, offering a diverse range of services. This extensive network consists of 98.3% primary healthcare providers and 1.7% secondary and tertiary providers, ensuring that patients have access to both comprehensive and specialized care.

The availability of numerous private and state-funded facilities creates a broad spectrum of affordable and high-quality medical services, making it an appealing option for international patients. These private facilities often provide advanced medical technologies and experienced professionals, enhancing the overall quality of care. As a result, the dominance of the private segment in the market not only meets the increasing demand for varied healthcare services but also boosts confidence among patients seeking treatment abroad.

Company Market Share

Key players are employing various strategies, such as developing innovative services with advanced technology, forging collaborations with other firms, expanding their outlets, and making corporate investments. By integrating these methods, they enhance their competitive edge and drive growth in the market.

Health Tourism Abroad: An emerging player in the market

Health Tourism Abroad is a global platform dedicated to providing comprehensive medical tourism services. By combining high-quality healthcare with exceptional travel experiences, the company ensures that patients receive the best possible care in a supportive and enriching environment.

Recent developments at Health Tourism Abroad include:

• In June 2024, Health Tourism Abroad announced its official launch. The company aims to become the leading facilitator for patients seeking high-quality, affordable medical care globally.

Recent Developments

• In September 2024, Global Care, a non-hospital medical tourism company, raised USD 3 million in a Series A funding round led by 35North India Discovery Fund – II. The funds will be used to build clinical excellence through strategic consulting and facilitating convenient access to patient care.

Analyst Opinion

As per our analyst, medical tourism is experiencing robust growth due to disparities in treatment costs and technological advancements. Countries like India and Costa Rica attract patients with their more affordable care compared to pricier destinations such as Canada. The rise of AI technologies, such as HealthStay.io’s innovations, is streamlining the process and enhancing patient experiences.

Strategic partnerships, like ShareTrip’s with Malaysia’s Health Tourism Council, are expanding access to high-quality care at competitive prices. The Asia-Pacific region leads with cost advantages, while Europe grows rapidly for its top-tier facilities.

Our analysts forecast ongoing market expansion driven by rising healthcare costs in developed countries, technological advancements, and increased affordability in developing nations. Despite challenges like regulatory disparities and quality concerns, the future of medical tourism remains optimistic, with continued growth anticipated.