Medical Tourism Market to Grow at a CAGR of 18.12% from 2026-2034The global medical tourism market size was valued at USD 172.0 Billion in 2025. Looking forward, IMARC Group estimates the market to reach USD 770.2 Billion by 2034, exhibiting a CAGR of 18.12% from 2026-2034.
By: IMARC Group One of the prominent features of the medical tourism market has been the availability of low cost travel options. This has essentially made it possible for people to access the best healthcare facilities worldwide by making travel less expensive. Hospitals have international accreditation. Health infrastructure is growing at a rapid pace. In January 2024, the World Economic Forum and BCG Combined Digital Health Transformation was launched to improve the efficiency of the country's health care and medical devices. The public healthcare systems are often overcrowded, have long waiting lists for procedures, and may not offer certain procedures. A good example probably is wellness tourism which also increases travel potential for people who travel to other countries for medical care. The United States (US) has access to advanced technology and treatments for musculoskeletal conditions, making it a top pull factor for international patients seeking higher quality care. In 2024, for example, Johnson & Johnson MedTech partnered with Responsive Arthroscopy to deliver cutting-edge orthopedic care to patients in the US. Factors that influence other patients travelling to the US for medical tourism include the lower costs compared to other developed countries, the availability of experimental therapies and clinical trials, multi-lingual staff, concierge services, and the high-quality healthcare practitioners. Third, medical tourism often arises from high medical costs in developed countries such as the United States. Health care expenditure in the U. Reaching USD 4. 5 Trillion in 2022 (Up 1%) patients demand treatment to be cheaper, reliable and carried out by well, qualified professionals. Request for a Free Sample Report: https://www.imarcgroup.com/ Market Segmentation By Treatment Type:
Recent Developments & News September 2024: Bangkok's ViMUT Hospital opened the Maxillofacial Contouring Centre, a new cosmetic surgery department. September 2024: EaseMyTrip invested INR 90 crore toward medical tourism by acquiring stakes in Pflege Home Healthcare and Rollins International. January 2024: Apollo Hospitals announced that they will add 2000 beds with an investment of Rs 3000 crores by 2028. May 2024: Fortis Healthcare partnered with mental health app United We Care to launch Adayu Mindfulness for telemental health and in-patient care. Key Players
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