Medical Tourism Market

By Healthcare Services;

Medical Treatment [Cardiac Procedures, Oncology Procedures, Orthopedic & Spine Procedures, Dental Procedures and Others], Wellness Treatment [Cosmetic Procedures, Rejuvenation Procedures and Others] and Alternative Treatment

By Service Provider;

Public and Private

By Geography;

North America, Europe, Asia Pacific, Middle East & Africa and Latin America - Report Timeline (2021 - 2031)
Report ID: Rn557192578 Published Date: October, 2025 Updated Date: November, 2025

Medical Tourism Market Overview

Medical Tourism Market (USD Million)

Medical Tourism Market was valued at USD 127,068.20 million in the year 2024. The size of this market is expected to increase to USD 297,094.41 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 12.9%.


Medical Tourism Market

*Market size in USD million

CAGR 12.9 %


Study Period2025 - 2031
Base Year2024
CAGR (%)12.9 %
Market Size (2024)USD 127,068.20 Million
Market Size (2031)USD 297,094.41 Million
Market ConcentrationLow
Report Pages345
127,068.20
2024
297,094.41
2031

Major Players

  • Asklepios Kliniken GmbH
  • Fortis Healthcare Limited
  • Apollo Hospitals Enterprise Limited
  • Bangkok Chain Hospital Public Company Limited
  • Bumrungrad International Hospital
  • Saudi German Hospital (SGH) Group
  • Dr. Soliman Fakeeh Hospital
  • Bahrain Specialist Hospital
  • Hamad Medical Corporation
  • Al Zahra Hospital
  • Al Rahba Hospital
  • Zulekha Hospital
  • Samitivej PCL
  • Phyathai Hospitals Group
  • Razavi Hospital
  • Jordan Hospital
  • KPJ Healthcare Berhad
  • IHH Healthcare Berhad

Market Concentration

Consolidated - Market dominated by 1 - 5 major players

Medical Tourism Market

Fragmented - Highly competitive market without dominant players


The Medical Tourism Market is witnessing a significant rise due to the growing demand for affordable yet high-quality medical treatments. Patients are increasingly opting for overseas care to access cost-effective services that maintain clinical excellence. An estimated 35% rise has been observed in patients traveling abroad for specialized surgeries and complex procedures. This trend is reinforced by the availability of cutting-edge technology and reduced waiting times in foreign destinations.

Influence of Lifestyle Disorders and Elective Procedures
The surge in chronic and lifestyle-related diseases such as obesity, cardiac issues, and orthopedic problems is a major contributor to medical tourism. At the same time, elective and cosmetic surgeries have driven around 28% of the total outbound medical travel. These procedures are often not covered by insurance domestically, prompting patients to explore international alternatives with lower treatment costs.

Digital Transformation and Medical Travel Planning
Digital tools and platforms have transformed the way patients plan their medical journeys. Online consultation, transparent pricing, and streamlined appointment booking have enhanced the convenience and trust of international patients. Over 40% of medical travelers now use teleconsultation services before finalizing their travel plans, contributing to improved pre-operative coordination and decision-making.

Insurance Portability and Government Incentives
Cross-border insurance partnerships and supportive policies are enabling smoother access to medical services abroad. More than 30% of patients now utilize international health coverage to undergo treatment overseas. In parallel, some countries are actively promoting medical tourism through visa facilitation, healthcare infrastructure investment, and public-private partnerships aimed at capturing higher patient inflows.

Market Expansion Driven by Specialized Offerings
Specialization in oncology, fertility, dentistry, and organ transplants has significantly expanded the medical tourism landscape. Around 25% of patients seek destinations that offer niche expertise combined with holistic recovery options. The combination of high success rates, personalized care, and wellness services makes these centers particularly attractive to discerning international patients.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Healthcare Services
    2. Market Snapshot, By Service Provider
    3. Market Snapshot, By Region
  4. Medical Tourism Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Rising demand for affordable healthcare abroad
        2. Advanced medical technology in destination countries
        3. Increasing international patient awareness
        4. Growing prevalence of chronic disease
      2. Restraints
        1. Complex regulatory and legal barriers
        2. Concerns over quality and safety standards
        3. High travel and accommodation costs
        4. Language and cultural communication challenges
      3. Opportunities
        1. Expansion of telemedicine services globally
        2. Development of specialized medical tourism hubs
        3. Strategic partnerships with healthcare providers
        4. Growing wellness and preventive healthcare trends
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Medical Tourism Market, By Healthcare Services, 2021 - 2031 (USD Million)
      1. Medical Treatment
        1. Cardiac Procedures
        2. Oncology Procedures
        3. Orthopedic & Spine Procedures
        4. Dental Procedures
        5. Others
      2. Wellness Treatment
        1. Cosmetic Procedures
        2. Rejuvenation Procedures
        3. Others
      3. Alternative Treatment
    2. Medical Tourism Market, By Service Provider, 2021 - 2031 (USD Million)
      1. Public
      2. Private
    3. Medical Tourism Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. Fortis Healthcare Ltd.
      2. Fortis Healthcare Ltd.
      3. Bangkok Dusit Medical Services (BDMS)
      4. Apollo Hospitals Enterprise Ltd.
      5. Bumrungrad International Hospital
      6. KPJ Healthcare Berhad
      7. Raffles Medical Group
      8. Samitivej Hospitals
      9. Asklepios Kliniken GmbH & Co. KGaA
      10. Anadolu Medical Center
      11. Mediclinic International PLC
      12. Narayana Health
      13. Mount Elizabeth Hospital
      14. Gleneagles Global Hospitals
      15. Clemenceau Medical Center
  7. Analyst Views
  8. Future Outlook of the Market