Medical Tourism Market Tendencies 2021

Pune, India, June 07, 2021 (GLOBE NEWSWIRE) –

The size of the global medical tourism market is expected to grow exponentially over the forecast period as the total spending on maintaining robust health infrastructure in developed countries is extremely high. This has created several financial and access barriers for people in lower income groups in developed regions.

Patients can cut their medical costs by nearly 30 to 80% while opting for the health services of developing regions. The medical equipment and facilities made available in these regions are quite affordable but meet the expectations of patients who are used to the healthcare of their country.

Some of the key trends that will contribute to the success of the Medical Tourism Market by 2027 are as follows:

Rapid medical progress in North America:

Medical Tourism in North America will exceed the total valuation of $ 3 billion by 2027. The countries of the region care for a large number of patients from abroad, which leads to a rapid development of their health infrastructure. These nations are stepping up their research and development efforts to provide the best medical facilities for their patients. Access to highly qualified health care professionals is fairly easy, which helps patients get the right treatment and care.

One example of this is the United States’ Joint Commission International (JCI), which rates countries around the world based on the quality of the healthcare facilities they provide. Every hospital accredited by this body is said to have the most advanced and patient-friendly healthcare infrastructure. Today there are more than 15,000 hospitals in the United States that are JCI accredited and recognized. These aspects can help the industry thrive in the years to come.

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Cosmetic surgery will see an increase in demand in North America:

Cardiovascular, cosmetic, orthopedic, dental, bariatric surgery, and fertility and oncology treatments are some of the uses of the North American medical tourism market. In fact, this segment will see an overall growth of 8.6% CAGR over the forecast period 2021-2027. One of the main reasons for this is the immense popularity of cosmetic surgery in the region. The regional population is becoming more and more aware of their appearance and would like to maintain their youth over a longer period of time.

According to a global survey by the International Society of Aesthetic Plastic Surgery (ISAPS) on cosmetic procedures, the number of cosmetic procedures performed increased by 7.4% in 2019 alone. These procedures are very effective and affordable as they are considered elective procedures that are not covered by health insurance. As a result, more and more foreign patients are opting for these treatments. All of these things will positively affect the market trends.

Canada’s medical tourism sector has a remarkable presence:

Canada will play an important role in expanding the regional medical tourism market with 10.1% CAGR during the forecast period. This is due to several beneficial features of the country’s health infrastructure such as advanced medical facilities, a robust health system, and highly skilled professionals. Another important factor driving the potential of this market is that most customers prefer to travel to Canada because of the quality of patient care and the increasing direct marketing of several health care companies to attract customers.

Affordability of Treatment in Asia Pacific:

Asia Pacific Medical Tourism Market Size will exceed $ 11.9 billion by 2027. One of the most important characteristics that make this region one of the most desirable destinations for medical tourism is the price of the medical treatments. Countries like India, Thailand, Singapore and Malaysia are well known for offering cutting-edge treatment options that are very affordable. This was only possible because of the constant efforts of the governments of this region to conduct rigorous research and development to improve the overall health infrastructure in these countries.

An important example is the establishment of the Council Korean Medical Promotion (CKMP) by South Korea with the aim of improving its healthcare system and making it a global brand. This council consists of approximately 35 highly qualified health professionals. These factors will favor the industry scenario.

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Demand for orthopedic surgery in Asia Pacific is growing:

Among various diseases that attract patients to developing countries for treatment, the orthopedic surgery segment is set to gain the greatest momentum in the medical tourism market in the Asia-Pacific region. This segment has a historical valuation of $ 479 million and is expected to grow 13.6% CAGR between 2021 and 2027. Several people in developed countries suffer from various orthopedic conditions that have led them to come to the region’s developing countries for inexpensive treatments.

The medical experts in these countries are constantly upgrading their existing medical equipment to provide highly non-invasive treatments to their patients. Knee and hip replacement surgeries will increase due to the increase in sports and traffic accidents. These mishaps will also fuel demand for medical tourism in the Asia-Pacific region.

Increased awareness of the benefits of the medical tourism sector in Europe:

Medical Tourism Market in Europe According to market reports, it is expected to reach a value of more than 13.7 billion US dollars by 2027. Awareness of the concept and benefits of medical tourism for consumers and also for the country has risen abruptly. Today, more and more people are becoming aware of the sheer number of choices they have in seeking medical treatments. Germany and France, for example, have become well-known medical tourism countries due to the availability of inexpensive yet superior treatment facilities.

By setting up the Adriatic Health Tourism Platform, the European Union has made a major contribution to raising awareness of medical tourism. It helps in promoting medical and health tourism in countries like Croatia, Montenegro and many others and stimulates the development of the market.

Access sample pages from the report “Europe Market Forecasts for Medical Tourism 2027” in detail together with the table of contents (ToC) @

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Government initiatives will favor health services in Europe:

Governments across Europe are introducing favorable policy changes to encourage medical tourism in the region. For example, restrictions on medical travel have been eased by the authorities to increase the influx of foreign patients. According to the statistics presented by the European Parliament, the domestic share of medical tourism is in the upper range, with 5% devoted to general tourism. Medical tourism contributes around 0.3% to the European economy.

Governments are even trying to improve the quality of medical tourism through advertising campaigns and partnerships. These properties will have a positive impact on the industry in Europe.

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