Medical Tourism Market: Current Analysis and Forecast (2025-2033)

Medical Tourism Market Size & Forecast

The medical tourism market was valued at approximately USD 35.6 billion in 2024 and is expected to grow at a substantial CAGR of around 23.4% during the forecast period (2025-2033), owing to the rising disposable incomes, increased healthcare needs, and technological advancements.

Medical Tourism Market Analysis

The international travel in search of medical treatment is gradually increasing because of rising costs of health care in developed countries, lengthy turnaround time for some treatments, and accessibility of technological equipment in the growing economies. People have opted for medical tourism to get the best medical services that are cheaper as compared to those in their home countries in destinations such as Thailand, India, and Mexico. The market encompasses a wide range of services, from elective surgeries and dental procedures to fertility treatments and wellness therapies. This is in line with the current general global trend of customers seeking affordable and more efficient healthcare solutions.

Medical Tourism Market Trends

This section discusses the key market trends influencing the various segments of the Medical Tourism market as identified by our research experts.

Integration of Digital Health Technologies

One of the increasingly emerging phenomena in the medical tourism context is the use of technologies in information and communication around such services as telemedicine, electronic health records, and virtual consultations. These advancements enrich the patient’s experience with organization and availability of pre-travel consultations, better coordination, and information exchange between the patient and carer. The use of digital media not only makes the medical tourism processes easier but also offers confidence and consistency, making it an essential tool for the progress of industry.

Medical Tourism Industry Segmentation

This section provides an analysis of the key trends in each segment of the global medical tourism report, along with forecasts at the global, regional, and country levels for 2025-2033.

The Cancer Treatment Market Holds the Largest Share of the Medical Tourism Market.

Based on treatment type, the market is categorized into cancer treatment, orthopedic treatment, fertility treatment, cardiovascular treatment, neurological treatment, and others. The cancer treatment market dominated the industry by offering advanced therapies like immunotherapy, proton therapy, and precision medicine at lower costs abroad. Patients seek high-quality care, shorter waiting times, and access to cutting-edge technologies unavailable or unaffordable in their home countries, making oncology a key growth driver.

North America has a significant share of the market in 2024.

The health tourism industry in North America has steadily grown since many patients cannot afford the expensive services offered in the region. Many people are going to other states like Mexico and Costa Rica because procedures are much cheaper than in the United States and Canada. Accordingly, there is a high demand for dental services, cosmetic surgeries, and any surgeries that are not necessarily urgent. Also, there is an indication that medical tourism is on the rise; people from other countries are coming into North America for specialized treatment and quality health care.

U.S. Dominates the North American Medical Tourism Market

The medical tourism in the United States can be further classified as both outgoing and incoming medical tourism. Locally, Americans opt to seek medical services in other countries since healthcare rates are relatively high, and insurance providers do not cover some procedures. On the other hand, the U.S. is sought by international patients due to well-developed health facilities, effective treatments for different complications, and qualified health care providers. The market is further supported by joint efforts of healthcare providers and travel agents who provide systematic packages for medical treatment and travelling, as well as accommodations.

Medical Tourism Industry Competitive Landscape  

The medical tourism market is competitive, with several global and international players. The key players are adopting different growth strategies to enhance their market presence, such as partnerships, agreements, collaborations, new product launches, geographical expansions, and mergers and acquisitions.

Top Medical Tourism Companies

Some of the major players operating in the market are Apollo Hospitals, Fortis Healthcare (IHH Healthcare), Asian Heart Institute, Kpj Healthcare Berhad (Aqar Healthcare REIT), NTT Medical Center Tokyo, Seoul National University Hospital, Uz Leuven, Wooridul Spine Hospital, ADITYA BIRLA HEALTH SERVICES LTD., and BARBADOSIVF.COM

Recent Developments in the Medical Tourism Market

• In January 2024, Ferns N Petals launched a medical tourism venture named MediJourney, which will provide a comprehensive range of healthcare services across over 30 treatment segments, including cardiology and oncology. This initiative aims to streamline medical travel processes and enhance patient care

• In October 2022, Fortis Healthcare (IHH Healthcare) opened a 200-bed multi-specialty hospital in Greater Noida. Fortis Healthcare (IHH Healthcare)'s newest facility is near Jewar's new airport, which is expected to increase the number of patients seeking cross-border care services.

Medical Tourism Market Report Coverage

Reasons to Buy the Medical Tourism Market Report:

• The study includes market sizing and forecasting analysis validated by authenticated key industry experts.

• The report presents a quick review of overall industry performance at a glance.

• The report covers an in-depth analysis of prominent industry peers with a primary focus on key business financials, product portfolios, expansion strategies, and recent developments.

• Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry.

• The study comprehensively covers the market across different segments.

• Deep dive regional-level analysis of the industry.

Customization Options:

The global medical tourism market can be customized further as per the requirements or any other market segment. Besides this, UnivDatos understands that you may have your own business needs; hence, feel free to contact us to get a report that completely suits your requirements.