Global Medical Tourism Market-2018-2025

2019
JANUARY
GLOBAL MEDICAL TOURISM MARKET

Opportunity Analysis and Industry Forecast, 2018-2025
Author(s):
SANJIVAN GILL &
ONKAR SUMANT
Pages:
197
Report Code:
LI_17454
Industry:
LIFE SCIENCES
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Tourism Market
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Opportunity Analysis
and Industry Forecast,
2018-2025
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Tourism Market
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2018-2025
3
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Global Medical
Tourism Market
2018-2025
4
TABLE OF CONTENTS
CHAPTER 1: INTRODUCTION....................................................................................... 25
1.1. Report description .................................................................................................... 25
1.2. Key benefits for stakeholders .................................................................................. 26
1.3. Key market segments ............................................................................................... 27
1.3.1. List of key players profiled in the report ....................................................................... 29
1.4. Research methodology ............................................................................................ 30

1.4.1. Secondary research................................................................................................................ 32
1.4.2. Primary research ..................................................................................................................... 32
1.4.3. Analyst tools and models .................................................................................................... 33
CHAPTER 2: EXECUTIVE SUMMARY............................................................................ 34

2.1. Key findings of the study ......................................................................................... 35
2.2. CXO perspective ........................................................................................................ 36
Global Medical
CHAPTER 3: MARKET OVERVIEW ................................................................................ 37
Tourism Market
3.1. Market definition and scope ................................................................................... 37
and Industry Forecast, 3.2. Key findings............................................................................................................... 39
2018-2025
3.2.1. Top investment pockets ...................................................................................................... 39
5
3.3. Top winning strategies ............................................................................................. 40
3.4. Reimbursement scenario ......................................................................................... 44
3.4.1. Developed regions ................................................................................................................. 44
3.4.2. Developing regions ............................................................................................................... 44
3.5. Government regulations .......................................................................................... 45

3.6. Top player positioning, 2017 ................................................................................... 46
3.7. Porters five forces analysis ...................................................................................... 48
3.8. Market dynamics ...................................................................................................... 53
3.8.1. Drivers ......................................................................................................................................... 53
3.8.1.1. Affordable good quality care ........................................................................................53

3.8.1.2. Availability of quality care ...............................................................................................55
3.8.1.3. Accessible information and care ..................................................................................56
3.8.1.4. Assistance and support from government agencies and
associations ...........................................................................................................................57
Global Medical 3.8.2. Restraints ................................................................................................................................... 58

Tourism Market 3.8.2.1. Limited coverage and lengthy partial reimbursement by payers ..................58
Opportunity Analysis 3.8.2.2. Difficulties associated with travel, language barriers, availability,
documentation, and VISA approval issues ..............................................................59
2018-2025
6
3.8.3. Opportunities ........................................................................................................................... 60
3.8.3.1. Overseas promotional offices is a key source of medical tourists ................60

3.8.3.2. Wider hospital network under insurance coverage for cashless
transactions ...........................................................................................................................60
3.8.4. Impact analyses ....................................................................................................................... 61
CHAPTER 4: MEDICAL TOURISM MARKET, BY TREATMENT TYPE ......................... 63

4.1. Overview .................................................................................................................... 63
4.1.1. Market size and forecast ..................................................................................................... 63
4.2. Dental Treatment ...................................................................................................... 66

4.2.1. Key market trends, growth factors, and opportunities ........................................... 66
4.2.2. Market size and forecast, by region ............................................................................... 67
4.3. Cosmetic Treatment ................................................................................................. 69


Global Medical
4.4. Cardiovascular treatment......................................................................................... 72
Tourism Market
and Industry Forecast, 4.4.2. Market size and forecast, by region ............................................................................... 73
2018-2025
7
4.5. Orthopedic treatment .............................................................................................. 75
4.6. Neurological treatment ............................................................................................ 77

4.7. Cancer treatment ...................................................................................................... 80

4.8. Fertility treatment .................................................................................................... 82

4.9. Other treatments ...................................................................................................... 84
Global Medical 4.9.1. Key market trends, growth factors, and opportunities ........................................... 84
Tourism Market 4.9.2. Market size and forecast, by region ............................................................................... 85
2018-2025
8
CHAPTER 5: MEDICAL TOURISM MARKET, BY REGION ........................................... 87
5.1. Overview .................................................................................................................... 87
5.1.1. Market size and forecast ..................................................................................................... 88
5.2. North America........................................................................................................... 89

5.2.2. Market size and forecast, by country ............................................................................. 92
5.2.3. Market size and forecast, by treatment type .............................................................. 94

5.2.3.1. U.S. market size and forecast ........................................................................................96
5.2.3.2. Canada market size and forecast .................................................................................98
5.2.3.3. Mexico market size and forecast .............................................................................. 100
5.3. Europe ...................................................................................................................... 102

5.3.1. Key market trends, growth factors, and opportunities ......................................... 102
5.3.2. Market size and forecast, by country ........................................................................... 103
5.3.3. Market size and forecast, by treatment type ............................................................ 105

Global Medical
5.3.3.1. UK market size and forecast ....................................................................................... 107
Tourism Market
5.3.3.2. Germany market size and forecast .......................................................................... 109
and Industry Forecast, 5.3.3.3. France market size and forecast................................................................................ 111
2018-2025
5.3.3.4. Italy market size and forecast..................................................................................... 113
9
5.3.3.5. Spain market size and forecast .................................................................................. 115
5.3.3.6. Rest of Europe market size and forecast ............................................................... 117
5.4. Asia-Pacific .............................................................................................................. 119

5.4.1. Key market trends, growth factors, and opportunities ......................................... 119
5.4.2. Market size and forecast, by country ........................................................................... 119

5.4.3.1. India market size and forecast ................................................................................... 124
5.4.3.2. China market size and forecast ................................................................................. 126
5.4.3.3. Indonesia market size and forecast ......................................................................... 128
5.4.3.4. Singapore market size and forecast ........................................................................ 130
5.4.3.5. Malaysia market size and forecast ........................................................................... 132
5.4.3.6. Thailand market size and forecast............................................................................ 134
5.4.3.7. South Korea market size and forecast .................................................................... 136
5.4.3.8. Taiwan market size and forecast ............................................................................... 138
Global Medical 5.4.3.9. Rest of Asia-Pacific market size and forecast ...................................................... 140
Tourism Market 5.5. LAMEA ..................................................................................................................... 142
Opportunity Analysis 5.5.1. Key market trends, growth factors, and opportunities ......................................... 142
2018-2025 5.5.2. Market size and forecast, by country ........................................................................... 143
10
5.5.3.1. Brazil market size and forecast .................................................................................. 147

5.5.3.2. Venezuela market size and forecast ........................................................................ 149
5.5.3.3. Costa Rica market size and forecast ........................................................................ 151
5.5.3.4. UAE market size and forecast..................................................................................... 153
5.5.3.5. South Africa market size and forecast .................................................................... 155
5.5.3.6. Rest of LAMEA market size and forecast ............................................................... 157
CHAPTER 6: COMPANY PROFILES............................................................................. 159

6.1. APOLLO HOSPITALS ENTERPRISE LIMITED .......................................................... 159
6.1.1. Company overview .............................................................................................................. 159
6.1.2. Company snapshot .............................................................................................................. 160
6.1.3. Operating business segments ......................................................................................... 161
6.1.4. Product portfolio .................................................................................................................. 161
6.1.5. Business performance......................................................................................................... 162

Global Medical
6.1.6. Key strategic moves and developments ..................................................................... 163
Tourism Market
6.2. FORTIS HEALTHCARE LIMITED .............................................................................. 164
and Industry Forecast, 6.2.1. Company overview .............................................................................................................. 164
2018-2025
11
6.2.5. Business performance......................................................................................................... 167
6.3. ASIAN HEART INSTITUTE....................................................................................... 169

6.4. KPJ HEALTHCARE BERHAD .................................................................................... 172

Global Medical 6.4.5. Business performance......................................................................................................... 175

Tourism Market 6.4.6. Key strategic moves and developments ..................................................................... 176
Opportunity Analysis 6.5. NTT Medical Center Tokyo .................................................................................... 177
2018-2025 6.5.1. Company overview .............................................................................................................. 177
12
6.6. SEOUL NATIONAL UNIVERSITY HOSPITAL. ......................................................... 180

6.7. UZ LEUVEN .............................................................................................................. 182

6.8. WOORIDUL SPINE HOSPITAL ................................................................................ 184
Global Medical 6.8.1. Company overview .............................................................................................................. 184
Tourism Market 6.8.2. Company snapshot .............................................................................................................. 184

Opportunity Analysis 6.8.3. Product Portfolio .................................................................................................................. 185
2018-2025
13
6.9. ADITYA BIRLA MEMORIAL HOSPITAL .................................................................. 186
6.10. BARBADOS FERTILITY CENTER .............................................................................. 189

6.11. PRINCE COURT MEDICAL CENTRE ........................................................................ 192

Global Medical 6.11.3. Operating business segments ......................................................................................... 193
Tourism Market 6.11.4. Product portfolio .................................................................................................................. 193

2018-2025
14
6.12. SAMITIVEJ PCL. ....................................................................................................... 194
Global Medical
Tourism Market
2018-2025
15
LIST OF TABLES
TABLE 01. COST COMPARISON OF SELECTED MEDICAL PROCEDURES IN MAJOR MEDICAL TOURISM
DESTINATIONS, 2018 (USD) ...........................................................................................................................................54
TABLE 02. GLOBAL MEDICAL TOURISM MARKET, BY TREATMENT TYPE, 2017–2025 ($MILLION) ......................................64
TABLE 03. GLOBAL MEDICAL TOURISM MARKET, BY TREATMENT TYPE, 2017–2025 (NUMBER OF PATIENTS IN
THOUSANDS) .....................................................................................................................................................................65
TABLE 04. MEDICAL TOURISM MARKET FOR DENTAL TREATMENT, BY REGION, 2017–2025 ($MILLION) ........................67
TABLE 05. MEDICAL TOURISM MARKET FOR DENTAL TREATMENT, BY REGION, 2017–2025 (NUMBER OF
PATIENTS IN THOUSANDS) .............................................................................................................................................68
TABLE 06. MEDICAL TOURISM MARKET FOR COSMETIC TREATMENT, BY REGION, 2017–2025 ($MILLION) ....................70
TABLE 07. MEDICAL TOURISM MARKET FOR COSMETIC TREATMENT, BY REGION, 2017–2025 (NUMBER OF
TABLE 08. MEDICAL TOURISM MARKET FOR CARDIOVASCULAR TREATMENT, BY REGION, 2017–2025
($MILLION).........................................................................................................................................................................73
TABLE 09. MEDICAL TOURISM MARKET FOR CARDIOVASCULAR TREATMENT, BY REGION, 2017–2025
(NUMBER OF PATIENTS IN THOUSANDS) .....................................................................................................................74
TABLE 10. MEDICAL TOURISM MARKET FOR ORTHOPEDIC TREATMENT, BY REGION, 2017–2025 ($MILLION) ...............76
Global Medical TABLE 11. MEDICAL TOURISM MARKET FOR ORTHOPEDIC TREATMENT, BY REGION, 2017–2025 (NUMBER OF
Tourism Market PATIENTS IN THOUSANDS) .............................................................................................................................................77
TABLE 12. MEDICAL TOURISM MARKET FOR NEUROLOGICAL TREATMENT, BY REGION, 2017–2025 ($MILLION) ..........78
and Industry Forecast, TABLE 13. MEDICAL TOURISM MARKET FOR NEUROLOGICAL TREATMENT, BY REGION, 2017–2025 (NUMBER
2018-2025 OF PATIENTS IN THOUSANDS)........................................................................................................................................79
16
TABLE 14. MEDICAL TOURISM MARKET FOR CANCER TREATMENT, BY REGION, 2017–2025 ($MILLION) ........................81
TABLE 15. MEDICAL TOURISM MARKET FOR CANCER TREATMENT, BY REGION, 2017–2025 (NUMBER OF
TABLE 16. MEDICAL TOURISM MARKET FOR FERTILITY TREATMENT, BY REGION, 2017–2025 ($MILLION) .....................83
TABLE 17. MEDICAL TOURISM MARKET FOR FERTILITY TREATMENT, BY REGION, 2017–2025 (NUMBER OF
TABLE 18. MEDICAL TOURISM MARKET FOR OTHER TREATMENTS, BY REGION, 2017–2025 ($MILLION) ........................85
TABLE 19. MEDICAL TOURISM MARKET FOR OTHER TREATMENTS, BY REGION, 2017–2025 (NUMBER OF
TABLE 20. MEDICAL TOURISM MARKET REVENUE, BY REGION, 2017–2025 ($MILLION) .....................................................88
TABLE 21. MEDICAL TOURISM MARKET REVENUE, BY REGION, 2017–2025 (NUMBER OF PATIENTS IN
THOUSANDS) .....................................................................................................................................................................89
TABLE 22. NORTH AMERICA MEDICAL TOURISM MARKET, BY COUNTRY, 2017–2025 ($MILLION) ....................................92
TABLE 23. NORTH AMERICA MEDICAL TOURISM MARKET, BY COUNTRY, 2017–2025 (NUMBER OF PATIENTS
IN THOUSANDS) ................................................................................................................................................................93
TABLE 24. NORTH AMERICA MEDICAL TOURISM MARKET, BY TREATMENT, 2017–2025 ($MILLION) ................................94
TABLE 25. NORTH AMERICA MEDICAL TOURISM MARKET, BY TREATMENT, 2017–2025 (NUMBER OF
Global Medical TABLE 26. EUROPE MEDICAL TOURISM MARKET, BY COUNTRY, 2017–2025 ($MILLION) ................................................. 103
Tourism Market TABLE 27. EUROPE MEDICAL TOURISM MARKET, BY COUNTRY, 2017–2025 (NUMBER OF PATIENTS IN
Opportunity Analysis THOUSANDS) .................................................................................................................................................................. 104
TABLE 28. EUROPE MEDICAL TOURISM MARKET, BY TREATMENT, 2017–2025 ($MILLION) ............................................ 105
2018-2025
17
TABLE 29. EUROPE MEDICAL TOURISM MARKET, BY TREATMENT, 2017–2025 (NUMBER OF PATIENTS IN
THOUSANDS) .................................................................................................................................................................. 106
TABLE 30. ASIA-PACIFIC MEDICAL TOURISM MARKET, BY COUNTRY, 2017–2025 ($MILLION) ........................................ 120
TABLE 31. ASIA-PACIFIC MEDICAL TOURISM MARKET, BY COUNTRY, 2017–2025 (NUMBER OF PATIENTS IN
THOUSANDS) .................................................................................................................................................................. 121
TABLE 32. ASIA-PACIFIC MEDICAL TOURISM MARKET, BY TREATMENT, 2017–2025 ($MILLION).................................... 122
TABLE 33. ASIA-PACIFIC MEDICAL TOURISM MARKET, BY TREATMENT, 2017–2025 (NUMBER OF PATIENTS IN
THOUSANDS) .................................................................................................................................................................. 123
TABLE 34. LAMEA MEDICAL TOURISM MARKET, BY COUNTRY, 2017–2025 ($MILLION) ................................................... 143
TABLE 35. LAMEA MEDICAL TOURISM MARKET, BY COUNTRY, 2017–2025 (NUMBER OF PATIENTS IN
THOUSANDS) .................................................................................................................................................................. 144
TABLE 36. LAMEA MEDICAL TOURISM MARKET, BY TREATMENT, 2017–2025 ($MILLION) ............................................... 145
TABLE 37. LAMEA MEDICAL TOURISM MARKET, BY TREATMENT, 2017–2025 (NUMBER OF PATIENTS IN
THOUSANDS) .................................................................................................................................................................. 146
TABLE 38. APOLLO HOSPITALS: COMPANY SNAPSHOT ............................................................................................................ 160
TABLE 39. APOLLO HOSPITALS: OPERATING SEGMENTS ......................................................................................................... 161
TABLE 40. APOLLO HOSPITALS: PRODUCT PORTFOLIO............................................................................................................. 161
TABLE 41. FORTIS HEALTHCARE: COMPANY SNAPSHOT .......................................................................................................... 165

Global Medical
TABLE 42. FORTIS HEALTHCARE: OPERATING SEGMENTS ....................................................................................................... 165
Tourism Market
TABLE 43. FORTIS HEALTHCARE: PRODUCT PORTFOLIO .......................................................................................................... 166
and Industry Forecast, TABLE 44. AHI: COMPANY SNAPSHOT .......................................................................................................................................... 170
2018-2025
TABLE 45. AHI: OPERATING SEGMENTS ....................................................................................................................................... 170
18
TABLE 46. AHI: PRODUCT PORTFOLIO .......................................................................................................................................... 171
TABLE 47. KPJ: COMPANY SNAPSHOT.......................................................................................................................................... 172
TABLE 48. KPJ: OPERATING SEGMENTS ....................................................................................................................................... 173
TABLE 49. KPJ: PRODUCT PORTFOLIO .......................................................................................................................................... 174
TABLE 50. NTT MEDICAL CENTER: COMPANY SNAPSHOT ......................................................................................................... 177
TABLE 51. NTT MEDICAL CENTER: OPERATING SEGMENTS ...................................................................................................... 178
TABLE 52. SEOUL NATIONAL UNIVERSITY HOSPITAL: COMPANY SNAPSHOT ........................................................................ 180
TABLE 53. SEOUL NATIONAL UNIVERSITY HOSPITAL: OPERATING SEGMENTS ..................................................................... 181
TABLE 54. SEOUL NATIONAL UNIVERSITY HOSPITAL: PRODUCT PORTFOLIO ........................................................................ 181
TABLE 55. UZ LEUVEN: COMPANY SNAPSHOT............................................................................................................................. 182
TABLE 56. UZ LEUVEN: OPERATING SEGMENTS .......................................................................................................................... 183
TABLE 57. UZ LEUVEN: PRODUCT PORTFOLIO ............................................................................................................................. 183
TABLE 58. WOORIDUL SPINE HOSPITAL: COMPANY SNAPSHOT ............................................................................................. 184
TABLE 59. PERKINELMER: PRODUCT PORTFOLIO ...................................................................................................................... 185
TABLE 60. ADITYA BIRLA MEMORIAL HOSPITAL: COMPANY SNAPSHOT ............................................................................... 186
TABLE 61. ADITYA BIRLA MEMORIAL HOSPITAL: PRODUCT SEGMENTS ................................................................................ 187
Global Medical TABLE 62. ADITYA BIRLA MEMORIAL HOSPITAL: PRODUCT PORTFOLIO ............................................................................... 188
Tourism Market TABLE 63. BARBADOS FERTILITY CENTRE: COMPANY SNAPSHOT .......................................................................................... 190
Opportunity Analysis TABLE 64. BARBADOS FERTILITY CENTRE: OPERATING SEGMENTS ....................................................................................... 190
2018-2025 TABLE 65. BARBADOS FERTILITY CENTRE: PRODUCT PORTFOLIO .......................................................................................... 191
TABLE 66. PRINCE COURT MEDICAL CENTRE: COMPANY SNAPSHOT .................................................................................... 192
19
TABLE 67. PRINCE COURT MEDICAL CENTRE: OPERATING SEGMENTS .................................................................................. 193
TABLE 68. PRINCE COURT MEDICAL CENTRE: PRODUCT PORTFOLIO ..................................................................................... 193
TABLE 69. SAMITIVEJ HOSPITAL: COMPANY SNAPSHOT ........................................................................................................... 195
TABLE 70. SAMITIVEJ HOSPITAL: OPERATING SEGMENTS ........................................................................................................ 195
TABLE 71. SAMITIVEJ HOSPITAL: PRODUCT PORTFOLIO ........................................................................................................... 196
Global Medical
Tourism Market
2018-2025
20
LIST OF FIGURES
FIGURE 01. GLOBAL MEDICAL TOURISM MARKET SEGMENTATION .............................................................................................38
FIGURE 02. TOP INVESTMENT POCKETS............................................................................................................................................39
FIGURE 03. TOP WINNING STRATEGIES, BY YEAR, 2014–2018 ...................................................................................................41
FIGURE 04. TOP WINNING STRATEGIES, 2015–2018 ....................................................................................................................42
FIGURE 05. TOP WINNING STRATEGIES: NATURE AND TYPE, 2014–2018.................................................................................43
FIGURE 06. TOP PLAYER POSITIONING, 2017..................................................................................................................................47
FIGURE 07. HIGH BARGANING POWER OF BUYERS ........................................................................................................................48
FIGURE 08. MODERATE BARGANING POWER OF SUPPLIERS .......................................................................................................49
FIGURE 09. MODERATE THREAT OF SUBSTITUTION ........................................................................................................................50
FIGURE 10. MODERATE THREAT OF NEW ENTRANTS .....................................................................................................................51
FIGURE 11. MODERATE COMPETITIVE RIVALRY...............................................................................................................................52
FIGURE 12. IMPACT ANALYSES...........................................................................................................................................................62
FIGURE 13. U.S. MEDICAL TOURISM MARKET, 2017–2025 ($MILLION) .....................................................................................96
FIGURE 14. U.S. MEDICAL TOURISM MARKET, 2017–2025 (NUMBER OF PATIENTS IN THOUSANDS) ..................................97
Global Medical FIGURE 15. CANADA MEDICAL TOURISM MARKET, 2017–2025 ($MILLION).............................................................................98
Tourism Market FIGURE 16. CANADA MEDICAL TOURISM MARKET, 2017–2025 (NUMBER OF PATIENTS IN THOUSANDS) .........................99
Opportunity Analysis FIGURE 17. MEXICO MEDICAL TOURISM MARKET, 2017–2025 ($MILLION) ........................................................................... 100
2018-2025 FIGURE 18. MEXICO MEDICAL TOURISM MARKET, 2017–2025 (NUMBER OF PATIENTS IN THOUSANDS)........................ 101
FIGURE 19. UK MEDICAL TOURISM MARKET, 2017–2025 ($MILLION) .................................................................................... 107
21
FIGURE 20. UK MEDICAL TOURISM MARKET, 2017–2025 (NUMBER OF PATIENTS IN THOUSANDS) ................................. 108
FIGURE 21. GERMANY MEDICAL TOURISM MARKET, 2017–2025 ($MILLION)....................................................................... 109
FIGURE 22. GERMANY MEDICAL TOURISM MARKET, 2017–2025 (NUMBER OF PATIENTS IN THOUSANDS) ................... 110
FIGURE 23. FRANCE MEDICAL TOURISM MARKET, 2017–2025 ($MILLION) .......................................................................... 111
FIGURE 24. FRANCE MEDICAL TOURISM MARKET, 2017–2025 (NUMBER OF PATIENTS IN THOUSANDS) ....................... 112
FIGURE 25. ITALY MEDICAL TOURISM MARKET, 2017–2025 ($MILLION) ............................................................................... 113
FIGURE 26. ITALY MEDICAL TOURISM MARKET, 2017–2025 (NUMBER OF PATIENTS IN THOUSANDS) ............................ 114
FIGURE 27. SPAIN MEDICAL TOURISM MARKET, 2017–2025 ($MILLION) .............................................................................. 115
FIGURE 28. SPAIN MEDICAL TOURISM MARKET, 2017–2025 (NUMBER OF PATIENTS IN THOUSANDS) .......................... 116
FIGURE 29. REST OF EUROPE MEDICAL TOURISM MARKET, 2017–2025 ($MILLION) .......................................................... 117
FIGURE 30. REST OF EUROPE MEDICAL TOURISM MARKET, 2017–2025 (NUMBER OF PATIENTS IN
THOUSANDS) .................................................................................................................................................................. 118
FIGURE 31. INDIA MEDICAL TOURISM MARKET, 2017–2025 ($MILLION) ............................................................................... 124
FIGURE 32. INDIA MEDICAL TOURISM MARKET, 2017–2025 (NUMBER OF PATIENTS IN THOUSANDS)............................ 125
FIGURE 33. CHINA MEDICAL TOURISM MARKET, 2017–2025 ($MILLION).............................................................................. 126
FIGURE 34. CHINA MEDICAL TOURISM MARKET, 2017–2025 (NUMBER OF PATIENTS IN THOUSANDS) .......................... 127
Global Medical FIGURE 35. INDONESIA MEDICAL TOURISM MARKET, 2017–2025 ($MILLION) ..................................................................... 128
Tourism Market FIGURE 36. INDONESIA MEDICAL TOURISM MARKET, 2017–2025 (NUMBER OF PATIENTS IN THOUSANDS).................. 129
Opportunity Analysis FIGURE 37. SINGAPORE MEDICAL TOURISM MARKET, 2017–2025 ($MILLION) ................................................................... 130
and Industry Forecast, FIGURE 38. SINGAPORE MEDICAL TOURISM MARKET, 2017–2025 (NUMBER OF PATIENTS IN THOUSANDS) ................ 131
2018-2025
FIGURE 39. MALAYSIA MEDICAL TOURISM MARKET, 2017–2025 ($MILLION) ...................................................................... 132
22
FIGURE 40. MALAYSIA MEDICAL TOURISM MARKET, 2017–2025 (NUMBER OF PATIENTS IN THOUSANDS) ................... 133
FIGURE 41. THAILAND MEDICAL TOURISM MARKET, 2017–2025 ($MILLION)....................................................................... 134
FIGURE 42. THAILAND MEDICAL TOURISM MARKET, 2017–2025 (NUMBER OF PATIENTS IN THOUSANDS) ................... 135
FIGURE 43. SOUTH KOREA MEDICAL TOURISM MARKET, 2017–2025 ($MILLION) ............................................................... 136
FIGURE 44. SOUTH KOREA MEDICAL TOURISM MARKET, 2017–2025 (NUMBER OF PATIENTS IN THOUSANDS) ............ 137
FIGURE 45. TAIWAN MEDICAL TOURISM MARKET, 2017–2025 ($MILLION) .......................................................................... 138
FIGURE 46. TAIWAN MEDICAL TOURISM MARKET, 2017–2025 (NUMBER OF PATIENTS IN THOUSANDS) ....................... 139
THOUSANDS) .................................................................................................................................................................. 141
FIGURE 49. BRAZIL MEDICAL TOURISM MARKET, 2017–2025 ($MILLION) ............................................................................ 147
FIGURE 50. BRAZIL MEDICAL TOURISM MARKET, 2017–2025 (NUMBER OF PATIENTS IN THOUSANDS)......................... 148
FIGURE 51. VENEZUELA MEDICAL TOURISM MARKET, 2017–2025 ($MILLION) .................................................................... 149
FIGURE 52. VENEZUELA MEDICAL TOURISM MARKET, 2017–2025 (NUMBER OF PATIENTS IN THOUSANDS) ................. 150
FIGURE 53. COSTA RICA MEDICAL TOURISM MARKET, 2017–2025 ($MILLION) ................................................................... 151
FIGURE 54. COSTA RICA MEDICAL TOURISM MARKET, 2017–2025 (NUMBER OF PATIENTS IN THOUSANDS) ................ 152
Global Medical FIGURE 55. UAE MEDICAL TOURISM MARKET, 2017–2025 ($MILLION) .................................................................................. 153
Tourism Market FIGURE 56. UAE MEDICAL TOURISM MARKET, 2017–2025 (NUMBER OF PATIENTS IN THOUSANDS) .............................. 154
Opportunity Analysis FIGURE 57. SOUTH AFRICA MEDICAL TOURISM MARKET, 2017–2025 ($MILLION) .............................................................. 155
and Industry Forecast, FIGURE 58. SOUTH AFRICA MEDICAL TOURISM MARKET, 2017–2025 (NUMBER OF PATIENTS IN THOUSANDS) ........... 156
2018-2025
23
THOUSANDS) .................................................................................................................................................................. 158
FIGURE 61. APOLLO HOSPITALS: NET SALES, 2015–2017 ($MILLION) ................................................................................... 162
FIGURE 62. FORTIS HEALTHCARE: REVENUE, 2015–2017 ($MILLION).................................................................................... 167
FIGURE 63. FORTIS HEALTHCARE: REVENUE SHARE BY REGION, 2017 (%) ............................................................................ 168
FIGURE 64. KPJ: NET SALES, 2015–2017 ($MILLION) ................................................................................................................ 175
FIGURE 65. KPJ: REVENUE SHARE BY SEGMENT, 2017 (%)........................................................................................................ 176
Global Medical
Tourism Market
2018-2025
24
CHAPTER 1: INTRODUCTION
1.1. Report description
The global medical tourism market accounted for $53,767.74 million in 2017, and is projected to reach
$143,461.14 million by 2025, registering a CAGR of 12.9% from 2018 to 2025 in terms of value.
In terms of volume, the global medical tourism market accounted for $15,173.00 million in 2017, and is
projected to reach $36,146.47 million by 2025, registering a CAGR of 11.3% from 2018 to 2025.
Organized travel across international borders to avail medical treatment of some form, which may or may not
be available in the travelers’ home country is defined as medical tourism. Medical tourists travel abroad for
the maintenance, enhancement, or restoration of their health through affordable healthcare facilities &
treatments available in other countries, which are comparatively expensive in their own country. Medical
tourists travel to receive medical treatments such as dental treatment, neurological treatment, cardiovascular
treatment, and others.
Affordability and accessibility of good quality healthcare services along with assistance from tourism
departments and local governments are the factors that drive the growth of the global medical tourism
Global Medical market. In addition, availability of latest medical technologies in medical tourism hubs, throughout the world,
Tourism Market is expected to fuel the market growth. Conversely, lengthy partial reimbursement by payers and difficulties
associated with travel, language barriers, availability of documentation, and VISA approval issues impede the
and Industry Forecast, growth of the medical tourism market during the forecast period. In addition, wider hospital network under
2018-2025
25
insurance coverage for cashless transactions is expected to serve as an opportunity for the medical tourism
market.
The report segments the market into treatment type and region. Based on treatment type, the market is
segmented into dental treatment, cosmetic treatment, cardiovascular treatment, orthopedic treatment,
neurological treatment, cancer treatment, fertility treatment, and other treatments. Based on region, the
medical tourism market is studied across North America (U.S., Canada, and Mexico), Europe (the UK, Germany,
France, Italy, Spain, and rest of Europe), Asia-Pacific (India, China, Indonesia, Singapore, Malaysia, Thailand,
South Korea, Taiwan, and, rest of Asia-Pacific), and LAMEA (Brazil, Venezuela, Costa Rica, UAE, South Africa,
and rest of LAMEA).
1.2. Key benefits for stakeholders

 The study provides an in-depth analysis of the market along with the current trends and future
estimations to elucidate the imminent investment pockets.
 It offers a quantitative analysis from 2017 to 2025, which is expected to enable the stakeholders to
capitalize on the prevailing market opportunities.
Global Medical  A comprehensive analysis of all the geographical regions is provided to determine the existing
opportunities.
Tourism Market
 The profiles and growth strategies of the key players are thoroughly analyzed to understand the
competitive outlook of the global market.
2018-2025
26
1.3. Key market segments
By Treatment Type
 Dental Treatment
 Cosmetic Treatment
 Cardiovascular Treatment
 Orthopedic Treatment
 Neurological Treatment
 Cancer Treatment
 Fertility Treatment
 Other Treatments
Global Medical
Tourism Market
2018-2025
27
By Region
 Asia-Pacific
 North America
o India
o U.S.
o China
o Canada
o Indonesia
o Mexico
o Singapore
 Europe
o Malaysia
o UK
o Thailand
o France
o South Korea
o Germany
o Taiwan
o Rest of Europe
o Rest of Asia-Pacific
 LAMEA
o Brazil
o Venezuela
o Costa Rica
o UAE
Global Medical o South Africa
Tourism Market o Rest of LAMEA
Opportunity Analysis o
2018-2025 o Saudi Arabia
o Rest of LAMEA
28
1.3.1. List of key players profiled in the report
 Apollo Hospitals Enterprise Limited
 Fortis Healthcare Limited
 Asian Heart Institute
 KPJ Healthcare Berhad
 NTT Medical Center Tokyo
 Seoul National University Hospital
 UZ Leuven
 Wooridul Spine Hospital
 Aditya Birla Memorial Hospital
 Barbados Fertility Center
 Prince Court Medical Centre
 Samitivej PCL.
Global Medical
Tourism Market
2018-2025
29
1.4. Research methodology
With a collective industry experience of about 100 years of its analysts and experts, Allied Market Research
(AMR) encompasses the most infallible research methodology for its market intelligence and industry analysis.
Not only does the company dig deep into the innermost levels of the market, but also examines the minutest
details for its market estimates and forecasts. The approach taken by the company helps to build a greater
market consensus view for size, shape, and industry trends within each industry segment. Industry trends and
real developments are carefully considered for identifying key growth factors and the future course of the
market. The research proceeds are the result of high-quality data, expert views and analysis, and high-value
independent opinions. The research process is designed to deliver a balanced view of the global markets and
allow stakeholders to make informed decisions to attain their highest growth objectives.
The company offers its clients exhaustive research and analysis based on a wide variety of factual inputs,
which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-
house industry experts play an instrumental role in designing analytic tools and models, tailored to the
requirements of an industry segment. These analytical tools and models sanitize the data and statistics and
enhance the accuracy of our recommendations and advice.
Global Medical
Tourism Market
2018-2025
30
With AMR’s calibrated research process and 360-degree data evaluation methodology, the clients are assured
of receiving:
 Consistent, valuable, robust, and actionable data and analysis that can easily be referenced for strategic
business planning
 Technologically sophisticated and reliable insights through well-audited and veracious research
methodology
 Sovereign research proceeds that present a tangible depiction of marketplace
The strong methodology, thus, makes the research and analysis most reliable and guarantees sound business
planning. For this research report, 18 hours of interviews and discussions have been conducted, with a wide
range of stakeholders, including upstream and downstream participants. Primary research typically is the bulk
of the research efforts, however, it is coherently supported by extensive secondary research. Over 5,900
product type literatures, industry releases, annual reports, and other such documents of key industry
participants have been reviewed, for better market understanding and competitive intelligence. In addition,
authentic industry journals, medical journals, trade associations’ releases, and government websites have also
been reviewed for generating high-value industry insights.
Global Medical
Tourism Market
2018-2025
31
1.4.1. Secondary research
For the secondary research, a broad array of industry sources is referred, which typically includes, however, are
not limited to:
 Company SEC filings, annual reports, company websites, broker and financial reports, and investor
presentations to know the competitive scenario and shape of the industry
 Patent and regulatory databases for understanding of technical and legal developments
 Scientific and technical writings for product type information
 Regional government and statistical databases for macro-analysis
 Authentic new articles, web-casts, and other related releases
 Internal and external proprietary databases, key market indicators, and relevant press releases for
market estimates and forecasts
1.4.2. Primary research
Primary research efforts include reaching out to participants through mail, tele-conversations, referrals,
professional networks, and face-to-face interactions. Professional corporate relations have been established
with various companies. It allows for greater flexibility in reaching out to industry participants and
commentators for interviews and discussions, fulfilling the following functions:
Global Medical
 Validates and improves the data quality and strengthens research proceeds
Tourism Market
 Further develops analyst team’s market understanding and expertise
and Industry Forecast,  Supplies authentic information about market size, share, growth, and forecasts
2018-2025
32
The primary research interview and discussion panels are typically composed of the most experienced
industry members. The participants include, however, are not limited to:
 Chief executives and VPs of leading corporations specific to an industry

 Product type and sales managers or country heads; channel partners and top-level distributors;
banking, investments, and valuation experts
 Key opinion leaders (KOLs)
1.4.3. Analyst tools and models

AMR has a developed set of analyst tools and data models to supplement and expedite the analysis process.
Corresponding to the markets where there is significant lack of information and estimates, AMR’s team of
experts and analysts develop specific analyst tools and industry models. These models are used to translate
qualitative and quantitative industry indicators into exact industry estimates. These models also allow them to
examine the prospects and opportunities prevailing in the market to accurately forecast the course of the
market.
Global Medical
Tourism Market
2018-2025
33
CHAPTER 2: EXECUTIVE SUMMARY
The global medical tourism market accounted for $53,767.74 million in 2017, and is projected to reach
$143,461.14 million by 2025, registering a CAGR of 12.86% from 2018 to 2025 in terms of value.
In terms of volume, the global medical tourism market accounted for $15,173.00 million in 2017, and is
projected to reach $36,146.47 million by 2025, registering a CAGR of 11.29% from 2018 to 2025.
The process of traveling outside the country of residence to avail medical treatment and care is known as
medical tourism. Medical tourists avail different treatments such as cancer treatment, cardiovascular
treatment, neurological treatment, fertility treatment, and others. The escalation in healthcare costs associated
in developed countries, has forced individuals to look for affordable alternatives. This boosts the growth of
the medical tourism market.
Increase in incidence of cancer and other serious ailments is anticipated to drive the demand for healthcare
services, which in turn is expected to boost the growth of the medical tourism market. Moreover, affordability,
availability, and accessibility of good quality healthcare services coupled with support and assistance from
tourism departments & local governments fuel the market growth. In addition, Limited coverage and lengthy
partial reimbursement offered by insurance companies along with difficulties associated with cross border
Global Medical
travel, such as language barriers, connectivity, documentation, and VISA approval issues, are projected to
Tourism Market
impede market growth. Conversely, wider hospital network under insurance coverage for cashless transactions
serve as an opportunity for the growth of the medical tourism market.
2018-2025
34
Based on treatment type, the cancer treatment segment accounted for the highest market share in 2017 due
to surge in incidence of cancer worldwide. This is projected to increase the number of cross-border travelers
seeking good quality cancer treatment. In addition, cancer treatment is an expensive and prolonged
treatment, hence reduced cost of treatment in different countries fuels the growth of the market. Furthermore,
due to lack of availability of advanced treatment in some countries, patients choose to travel to other
countries that offer advanced healthcare facilities.
2.1. Key findings of the study

 North America occupied 32.98% share of the global medical tourism market in 2017.
 The cancer treatment segment is anticipated to grow with the highest CAGR throughout the forecast
period.
 The cancer treatment segment accounted for 12.39% share of the global medical tourism market in
2017.
 Asia-Pacific is anticipated to grow at the highest rate during the analysis period, followed by LAMEA.
North America accounted for the highest market share due recent joint commission international (JCI)
accreditations to hospitals (JCI accreditation is considered the gold standard in global health care), which
Global Medical makes them a preferred choice for medical tourists. In addition, advanced specialized treatments for cancer,
Tourism Market neurological, and cardiovascular ailments also serves as a growth factor for the medical tourism market in
North America. Asia-Pacific possesses the highest market potential due to the availability of good quality care
and Industry Forecast, at a cost less than 70% of the cost of services in North America. In addition, significant investments by
2018-2025
government to improve healthcare infrastructure also contributes toward the growth of this market.
35
2.2. CXO perspective
This section provides opinions of top-level CXOs in the healthcare industry. Medical tourism refers to
organized travel to another country for the purpose of obtaining medical treatment. The tourists mainly travel
to avail dental treatment, cosmetic treatment, cardiovascular treatment, and others. The rise in healthcare
costs especially in developed countries, such as the U.S., has resulted in patients looking out for affordable
options in the emerging markets such as India, Singapore, and others. Affordability and accessibility of good
quality healthcare services along with assistance from tourism departments and local governments fuel the
growth of the medical tourism market worldwide. In addition, availability of latest medical technologies in
medical tourism hubs, throughout the world, is expected to contribute to the market growth. Moreover, surge
in advertising & marketing and assistance & support from government organizations with respect to medical
tourism boosts the growth of the market. However, limited coverage and lengthy partial reimbursement by
payers and epidemic outbreaks hamper the market growth. At present, patients seeking cancer treatment are
the highest contributors toward the growth of the global medical tourism market. This is attributed to the
surge in cancer prevalence throughout the world.
North America accounted for the highest market share due to recent joint commission international (JCI)
accreditations to hospitals (JCI accreditation is considered the gold standard in global health care), which
Global Medical makes it a preferred choice for medical tourists. Moreover, advanced specialized treatments for cancer,
Tourism Market neurological, and cardiovascular ailments also contributes toward the market growth. Asia-Pacific possesses
the highest market potential due to the availability of good quality care at a cost less than 70% of the cost of
and Industry Forecast, services in North America. In addition, significant investments by government to improve healthcare
2018-2025
infrastructure also contributes toward the growth of this market.
36
CHAPTER 3: MARKET OVERVIEW
3.1. Market definition and scope
Medical tourism can be broadly defined as travel across international borders to avail medical treatment of
some form, which may or may not be available in the traveler’s home country. This treatment may include a
wide array of medical services; however, the most frequently availed services include dental care, cosmetic
surgery, elective surgery, and fertility treatment. The motives behind the travel can be one or more among
the following major factors:
 High cost or affordability of medical services including the one the customer needs to avail.
 Non-availability or low quality of the necessary treatment due to lack of healthcare infrastructure or
skilled service providers.
 Less waiting time for the available treatment such as organ transplant.
As defined in the global Spa Summit 2011, medical tourism includes people who travel to a different place to
receive treatment for a disease, an ailment, a condition, or to undergo a cosmetic procedure, and who are
seeking lower cost and higher quality of care, and better access to care or different care than what they could
Global Medical receive at home. According to the definition given above, a medical tourist can be a person who is generally ill
Tourism Market or seeking cosmetic, dental, or surgical procedures or enhancements.
Opportunity Analysis The medical tourism market comprises a large and broad number of categories of travelers. However, for the
2018-2025 purpose of this study, we have limited the scope to patients traveling across international borders to avail
critical or less critical but necessary treatment. The report excludes out-patient single-day procedures,
37
aesthetic, cosmetic, and dental treatment medical tourism within international borders. It highlights the
global medical tourism market in accordance with the treatment type and region. Based on treatment type,
the market is categorized into cosmetic, dental, cardiovascular, orthopedic, neurological, cancer, fertility, and
other general treatments. The report also provides the revenue generated from medical tourism segmented
by region and the key countries that attract patients to travel to the destinations to avail medical services. To
provide a detailed market assessment, this study also considers the government regulations, reimbursement
scenario in developed as well as developing regions, and the potential impact of medical tourism on the
healthcare system.
FIGURE 01. GLOBAL MEDICAL TOURISM MARKET SEGMENTATION
BY TREATMENT TYPE BY REGION
 Cardiovascular treatment  North America

 Orthopedic treatment  Europe
 Neurological treatment  Asia Pacific
Global Medical  Cancer treatment  LAMEA
Tourism Market  Fertility treatment

 Other general treatments
2018-2025
Source: Primary & Secondary Research and AMR Analysis
38
3.2. Key findings
3.2.1. Top investment pockets
According to analysis, by treatment type, the cancer treatment and cosmetic treatment segments were the
highest contributors to the market. The cancer treatment segment accounted for $6,663.58 million in 2017,
and is estimated to reach $21,806.09 million by 2025, registering a CAGR of 15.7% during the forecast period.
The cosmetic treatment segment contributed $22,426.53 million in 2017, and is estimated to reach $59,550.72
million in 2025, at a CAGR of 12.8% during the forecast period.
FIGURE 02. High

TOP INVESTMENT POCKETS
Cancer Treatment
Fertility Treatment
Orthopedic Treatment
Dental Treatment
Cosmetic
Market Growth
Treatment
Neurological
Cardiovascular
Treatment
Treatment
Other Treatments Cancer treatment and cosmetic treatment segments serve as the potential markets, and are
expected to exhibit significant growth during the forecast period. Cancer treatment segment
serves as a potential market due to rise in incidence of different types of cancers worldwide
such as breast cancer, lung cancer, prostate cancer and others. Cosmetic treatment serve as
Global Medical a potential market due to rise in obesity among people worldwide and surge in aesthetic
Low
consciousness. Moreover, partial reimbursements in many countries also serve as a

motivation factor that encourage people to travel abroad for cosmetic procedures.
Tourism Market
Low Market Attractiveness High
and Industry Forecast, Source: Primary & Secondary Research and AMR Analysis
2018-2025
39
3.3. Top winning strategies
The global medical tourism market is in its matured stage. The top companies in the market have adopted
partnership, agreement and expansion as their developmental strategies in the competitive market. The
information provided in this report is obtained through press releases by the top companies and is limited to
publicly available information.
The key strategies, which are tracked from the recent developments of the key companies in this industry
include:
 Expansion: This includes widening of product portfolio, business expansions, and geographical
outreach carried out by manufacturing companies to execute strategic operations. For instance, players
have expanded their product portfolios across different regions, deployed advanced devices facilities at
hospitals & clinics, or established new medical device manufacturing units.
 Agreement: This includes various agreements such as distribution agreements and collaborations,
between two or more organizations.
 Partnership: This consists of various partnerships between two or more organizations.
Global Medical
Tourism Market
2018-2025
40
FIGURE 03. TOP WINNING STRATEGIES, BY YEAR, 2014 2018
3.5
3
3
No. of Developments
2.5
1.5
1 1 1
1
0.5
0
2015 2016 2017 2018
Year
Global Medical
Tourism Market
2018-2025
41
FIGURE 04. TOP WINNING STRATEGIES, 2015 2018
16.7%
16.7% Expansion Partnership Agreement
66.7%
Global Medical
Tourism Market
2018-2025
42
FIGURE 05. TOP WINNING STRATEGIES: NATURE AND TYPE, 2014 2018
No. of Developments
4
3
3
2
1
1
1 1
0
Apollo Hospitals Enterprise Limited KPJ HEALTHCARE BERHAD
Partnership Agreement Expansion
Global Medical
Tourism Market
2018-2025
43
3.4. Reimbursement scenario
Reimbursement refers to the recovery of expenses spent by an insured medical tourist outside of the hospital
network covered under their insurance policy. Reimbursement is usually a long process and its completion
may take from 1 to 8 months on an average.
3.4.1. Developed regions

The European Union has designed and implemented the Directive 2011/24/EU since 2011, especially for the
patients choosing to avail treatment outside of their home country. The directive has set the reimbursement
time at a maximum of 2 months after application. Patients can be reimbursed up to the amount of cost of
treatment at home with additional reimbursement in some cases. Most of this process is done online with
minimal number of physical interactions to avoid inconvenience and wastage of resources. Reimbursement in
the Eurozone, especially France and Germany, is extremely efficient.
In North America, the technology adoption is slow as compared to Europe. Reimbursement may take up to 6
months depending upon the treatment type and insurance policies. Moreover, the policies are varied and
customized as per the paying capacity of the payer and the work environment of the policyholder, unlike a
generalized policy in Europe.
Global Medical 3.4.2. Developing regions

Tourism Market The reimbursement scenario is quite varied in the developing regions, depending upon the technology
Opportunity Analysis adoption, complexity of the reimbursement systems, and the number of insured people. Similar to North
2018-2025 America, reimbursement may take between two and eight months in the developing regions. In some
countries such as India, Indonesia, Malaysia, and Thailand, steps are being taken by the payers to improve the
44
efficiency of the reimbursement system and reduce the number of physical interactions and time taken for
disbursal of the edited claim amount. However, the process is considerably long and involves an exchange of
lot of paperwork between the patient and the payer. In addition, the patient has to gain several approvals and
checks to recover the expenses. This can be solved by installing automated systems where the payer can gain
access to the necessary receipts themselves directly from the hospitals or medical service providers through
an information sharing platform. This is already being implemented by some privately owned service
providers in India. However, large-scale adoption can only be achieved after a system overhaul.
3.5. Government regulations

Government regulations play a significant role in the growth of medical tourism. For instance, the visa
regulations in Thailand are much more relaxed as compared to those in the U.S. In addition, during the stay,
the medical tourist is bound by certain laws of land, which may affect the overall experience of the tourist.
At present, governments of most medical tourism destinations are working toward creating a smoother and
easier experience for the medical tourists. For instance, the government of Mexico had no major role to play
in medical tourism of Mexico until 2011. In 2012, the government announced the implementation of a
network of comprehensive services aimed toward the promotion and delivery of activities related to medical
tourism. These services were announced under the supervision of Ministries of Health and local tourism. The
Global Medical
strategy was planned to be executed through a website that will collect all the data related to available
Tourism Market medical services in the city. This is expected to allow medical tourists to navigate all medical services in one
Opportunity Analysis convenient place and also help in commercializing advertising service packages. Therefore, government
2018-2025 involvement has played a major role toward the growth of medical tourism in Mexico.
45
Moreover, certain relaxations and waivers are provided to improve the experience of medical tourists. For
instance, Ministry of Tourism, Government of India has established international offices to promote the
services provided in the country. It offers a consolidated information on healthcare facilities for foreign
medical tourists. India also offers “M Visa” that allows a longer validity of up to one year. The Government of
India provides fiscal incentives to the healthcare service providers by classifying medical tourism receipts as
deemed exports.
Thailand has relaxed the limit for extended stay without visa up to 90 days for medical tourists from the 6
GCC countries. It also offers a debit card, called the “Miracle Thailand Card”, for tourists in partnership with
the state-owned Krungthai Bank. This card offers medical and life insurance coverage to tourists in case of an
accident. Thailand is also reviewing its stance on removing restrictions such as compulsory knowledge of the
Thai language.
Malaysia has removed restrictions on licensing of foreign specialists, thus, allowing them to practice in the
country. It also offers fiscal incentives for investment on healthcare capacity buildings and investments.
3.6. Top player positioning, 2017

The medical tourism market is fragmented due to the wide presence of different international players. The key
Global Medical players that are taken into consideration in this report include different hospitals such as Apollo Hospitals
Tourism Market Enterprise Limited, Fortis Healthcare Ltd., Asian Heart Institute, and Research Centre Private Limited, KPJ
Opportunity Analysis Healthcare Berhad, NTT Medical Center Tokyo, Seoul National University Hospital, UZ Leuven (University
and Industry Forecast, Hospitals Leuven), Infectious Diseases Partners Pte. Ltd., Aditya Birla Memorial Hospital, Barbados Fertility
2018-2025
Centre, Prince Court Medical Centre, and Samitivej Public Company Limited. The market dominance of these
46
companies is characterized by different number of procedures, facilities, and services offered by these
hospitals. In this report, the positioning of top market players is based on factors such as services & their
specialization, procedures, affordability, and global presence of hospitals.
FIGURE 06. TOP PLAYER POSITIONING, 2017
APOLLO HOSPITALS
5.0
ENTERPRISE LIMITED
High
4.5 NTT MEDICAL CENTER TOKYO
High ADITYA BIRLA MEMORIAL ASIAN HEART INSTITUTE
4.0 HOSPITAL
UZ Leuven
COMPETITIVE STRENGTH
3.5 FORTIS HEALTHCARE LIMITED

SAMITIVEJ PCL.
3.0
SEOUL NATIONAL UNIVERSITY KPJ HEALTHCARE BERHAD
2.5 WOORIDUL SPINE HOSPITAL HOSPITAL.
Medium
2.0
BARBADOS FERTILITY CENTER
1.5 PRINCE COURT…
1.0
Low
0.5
Low
0.0
0 1 2 3 4 5 6 7 8 9 10 11 12 13
Low High
MARKET POSITIONING
Global Medical
Tourism Market
2018-2025
47
3.7. Porters five forces analysis
FIGURE 07. HIGH BARGANING POWER OF BUYERS
Determinant
Determinant Determinant Impact on Market
Strength
LOW MODERATE HIGH
Number of Buyers High
Purchase Quantity Low
Switching Cost High
Substitute Products Moderate
Backward Integration Low
Global Medical
Tourism Market
2018-2025
48
FIGURE 08. MODERATE BARGANING POWER OF SUPPLIERS
Determinant
Strength
LOW MODERATE HIGH
Number of Raw Material Suppliers High
Product Differentiation Low
Switching Cost Moderate
Product Quality High
Forward Integration Low
Global Medical
Tourism Market
2018-2025
49
FIGURE 09. MODERATE THREAT OF SUBSTITUTION
Determinant
Strength
LOW MODERATE HIGH
Product Differentiation Moderate
Price War Moderate
Availability of Substitutes Moderate
Brand Loyalty Moderate
Global Medical
Tourism Market
2018-2025
50
FIGURE 10. MODERATE THREAT OF NEW ENTRANTS
Determinant
Strength
LOW MODERATE HIGH
Investment Cost High
Legal Barriers High
Government Policies High
Demand Potential Moderate
Distribution Channel Moderate
Global Medical
Tourism Market
2018-2025
51
FIGURE 11. MODERATE COMPETITIVE RIVALRY
Determinant
Strength
LOW MODERATE HIGH
Number of Players High
Innovation Moderate
Supply-Demand Gap Low
Exit Barriers Moderate
Global Medical
Tourism Market
2018-2025
52
3.8. Market dynamics
3.8.1. Drivers
3.8.1.1. Affordable good quality care
Affordability is the major driver of medical tourism in both developing and developed countries. Patients are
on a constant lookout for medical services that allow savings. Medical tourists usually decide to travel when
they can achieve savings of more than 30% of the cost they have to bear in their home country. For instance,
as per information published by OECD, patients in the U.S. save between 30% and 50% of the cost of
treatment for common ailments such as heart issues, if they travel to Asia or Latin America for the same
treatment.
In addition, the quality of care offered in Asia is usually at par or superior to that provided in the U.S. The main
reason for the cost differential is due to high cost of personnel in the developed countries, including the U.S.
However, for highly unconventional treatments that require advanced medicine, tourists prefer developed
nations in Europe and North America as destination for their perceived superior quality of care.
Furthermore, a large portion of patients are uninsured and/or the respective treatment does not fall under
the coverage of their insurance policy. Lack of insurance coverage provides an impetus for the patients to
Global Medical opt for medical tourism to reduce their expenditure. In addition, lower fares, increased connectivity, and ease
of international travel have aided the growth in medical tourism.
Tourism Market
2018-2025
53
TABLE 01. COST COMPARISON OF SELECTED MEDICAL PROCEDURES IN MAJOR MEDICAL TOURISM DESTINATIONS, 2018 (USD)
COSTA SOUTH
COST (US$) U.S. COLOMBIA INDIA MEXICO THAILAND MALAYSIA
RICA KOREA
Heart Bypass 123,000 27,000 14,800 7,900 26,000 27,000 15,000 12,100
Angioplasty 28,200 13,800 7,100 5,700 17,700 10,400 4,200 8,000
Heart valve
170,000 30,000 10,450 9,500 39,900 28,200 17,200 13,500
replacement
Hip replacement 40,364 13,600 8,400 7,200 21,000 13,500 17,000 8,000
Hip resurfacing 28,000 13,200 10,500 9,700 19,500 12,500 13,500 12,500
Knee replacement 35,000 12,500 7,200 6,600 17,500 12,900 14,000 7,700
Spinal Fusion 110,000 15,700 14,500 10,300 16,900 15,400 9,500 6,000
Lap Band 2,500 800 1,200 900 1,350 900 1,720 1,500
Hysterectomy 14,000 9,450 8,500 7,300 10,200 6,500 11,500 8,150
Source: medical Tourism Association Survey
The aforementioned table lists the cost of selected medical procedures across the major medical tourism
destinations. As compared to the U.S., all other countries offer the same quality medical procedures at a much
Global Medical lower rate. Thus, this acts as a major driver for the growth of the medical tourism market.
Tourism Market
2018-2025
54
3.8.1.2. Availability of quality care
Limited treatment options and high unmet needs for ideal treatment, especially in the developing nations of
Africa, the Middle East, and Asia-Pacific, boost the medical tourism market. Most medical tourists from the
Middle East and Africa have to travel abroad to avail good quality cancer treatment, orthopedic implants, and
heart surgeries. With advancements in technology, hospitals can now provide superior quality care at
affordable rates of services in the developing nations of Asia and Latin America.
Some countries, such as Singapore and the United Arab Emirates, have established joint ventures or
partnerships with world-renowned medical schools and hospitals in advanced countries as a shortcut to high
visibility and immediate credibility.
Singapore is popular for its expertise in cancer treatment, stem cell treatment, and heart-related procedures. It
offers state-of-the-art healthcare facilities developed with the help of R&D funded by foreign investment and
domestic support.
In addition, presence of medical practitioners from around the world in hospitals in developed nations,
especially in the U.S., increases awareness among patients about various cultures and traditions. This has also
helped in developing the confidence of the patients in the abilities of medical practitioners from popular
Global Medical medical tourism destinations.
Tourism Market
2018-2025
55
Cost (US$) Speciality/Expertise
Cancer treatment, brain surgeries, stem cell treatment, organ transplant surgeries, rare disorders, and
U.S.
syndromes
Costa Rica Bariatric Surgeries, cosmetic surgeries, and orthopedic surgeries
Orthopedic implant surgeries, spine treatment, fertility treatment, heart surgeries, cancer treatment, cord blood
India
bank for stem cells, and organ transplant surgeries
South Korea Cosmetic surgeries, organ transplant surgeries, and heart surgeries
Mexico Organ transplant surgeries, cancer treatment, orthopedic repair surgeries, and other general treatment
Malaysia Heart surgeries, cancer treatment, orthopedic repair surgeries, and other general treatment
Thailand Spinal fusions, balloon angioplasty, orthopedic, cosmetic, gastric bypass, and prostate surgeries
Singapore Stem cell treatment, heart surgeries, and cancer treatment
Barbados Fertility treatment
Source: medical Tourism Association Survey
In addition to medical proficiency, countries such as India, Malaysia, Thailand, and Singapore offer large
number of English speakers, “service with a smile” attitude, and large low-cost living accommodation.
3.8.1.3. Accessible information and care

Healthcare facilities, especially in the U.S. and Europe, are overburdened with patients. Increase in number of
geriatric populations in need of Medicare has led to a long waiting list of patients for organ transplant,
Global Medical
surgeries, and major non-emergency procedures. For instance, according to the data obtained from the U.S.
Tourism Market Census Bureau, in 2015, the elderly population in the U.S. accounted for 14.9% of the total population, that is,
Opportunity Analysis 47.8 million, which is anticipated to increase to 78.0 million by 2035. The elderly population is prone to various
2018-2025 health related issues such as arthritis, kidney problems, prostate cancer and others. This leads to patients
travelling to medical tourism destinations in Latin America and Asia-Pacific.
56
Foreign investment and collaboration for technology partnership and resource sharing have further helped
developing nations develop large healthcare capacities for medical tourists to receive prompt quality care
with shorter queues. In addition, the advent and enhanced reach of internet has helped healthcare service
providers communicate with treatment seekers globally. Furthermore, medical facilitators and agencies
collaborate with care providers and prepare the patients for travel. They provide healthy assistance before and
throughout the travel period. Some of the medical facilitators include Beijing Saint Lucia Consulting Ltd.,
Kangtai Health Network, Ryavo Healthcare, Medigo, PlacidWay, and government tourist associations of
respective countries.
Local accreditation bodies such as Malaysian Society for Quality in Health Care (MSQH), Accreditation Board
for Hospitals & Healthcare Providers (NABH), and Europe Medical Tourism Association (EuMTA) help ensure
international level quality care standards and practices. Information about standard practices and accredited
service providers are listed in a database that is easily accessible online for medical tourists.
3.8.1.4. Assistance and support from government agencies and associations

Governments across the world have recognized medical tourism as a major source of income and inflow of
foreign currencies. As a result, hospitals and clinics that provide quality care to the medical tourists have been
given support through subsidies and infrastructure development. Moreover, governments plan special
Global Medical provisions and relax international travel and custom regulations for inbound patients.
Tourism Market
In addition to the government, international associations such as medical Tourism Association; Joint
and Industry Forecast, Commission International (JCI); and regional accreditation authorities such as Malaysian Society for Quality in
2018-2025
Health Care (MSQH), National Accreditation Board for Hospitals & Healthcare Providers (NABH), and Europe
57
medical Tourism Association (EuMTA), provide a communication platform and quality control check for the
patients and healthcare providers.
Thus, medical tourists can identify and verify the healthcare providers that best fit into their requirements.
Over 500 hospitals around the world have earned JCI accreditation and more are in the process of acquiring it.
International Society for the Quality in Health Care (ISQUA), an international body which grants approval to
accreditation bodies in the area of healthcare, further adds to the scrutiny and benchmarking of quality
standards.
3.8.2. Restraints
3.8.2.1. Limited coverage and lengthy partial reimbursement by payers
Quite a large number of medical tourists across the world are uninsured owing to lack of coverage. The
burden of medical expenditure, especially constant care for a longer duration, is difficult for uninsured
patients in the developed countries. In addition, often, insurance companies in the developed nations do not
provide coverage in the medical tourism destination chosen by the patient. As a result, patients have to apply
for reimbursement option of their expenses after returning to their home country.
The reimbursement process is a lengthy procedure involving several approvals and paperwork. The most
Global Medical challenging concern is the rules governing healthcare reimbursements are frequently changed. For instance,
Tourism Market sometimes government financiers change on a day-to-day basis, which hampers the reimbursement process.
Opportunity Analysis Furthermore, the recovery of expenses is relatively lower than cashless treatment.
2018-2025 The reimbursement duration includes the evaluation of the claim, which may take from 72 hours to more than
two months usually depending on the type of claim. The payers cannot exceed the maximum amount
58
payable, which is further adjusted as per the deductions or “claim edit.” The patient is then sent a quote of the
final receivable reimbursement. The patient may or may not agree with the claim amount, which further
results into significant delays in payment. Therefore, typically it takes between a month to eight months on an
average for the patient to get reimbursed. This situation is common in almost every part of the world.
The insurance companies and hospitals alike are working toward forming an extensive network of service
providers to provide a wider coverage. However, in the current scenario, there are too many insurance
companies operating with limited local network of hospitals under their coverage. There are very few
multinational insurance companies operating currently. Nevertheless, such multinational companies further
hire sub-contractors to penetrate the remote areas. This adds to the time taken for the final reimbursement to
reach the patient. Thus, the reimbursement scenario and insurance coverage act as major restraints for market
growth.
3.8.2.2. Difficulties associated with travel, language barriers, availability, documentation, and VISA approval issues
Traveling is a difficult task for most of the patients. In addition, difficulties related to documentation necessary
for international travel also add to this issue. Visa approval, cost of flights, and connectivity issues are some of
the problems that medical tourists generally face even in their home country. Documentation is one of the
significant elements of cost of a medical tour and is a lengthy procedure in most countries.
Global Medical
Tourism Market Once the medical tourists reach their destination, they have to bear the cost of accommodation, which is
among the most expensive elements that add to the cost of the medical tour. Language barrier and food &
and Industry Forecast, hygiene are among other major problems faced by medical tourists. While in some medical tourism
2018-2025
destinations in Asia such as India, Philippines, and Malaysia, English is spoken quite commonly.
59
However, for tourists from non-English speaking populations, language is still a barrier. Translation services
are available at most destinations; however, their services are expensive and are rare as compared to the
number of tourists. Hospitals, medical tourism agencies, and respective embassies are constantly trying to
provide such services and survival instructions. Nevertheless, there still remains a certain level of discomfort
related to language problems that cannot be resolved. Although the effect is moderate, these inconveniences
hamper the growth of the medical tourism market. In addition, heavy inflow of medical tourists may put
pressure on the capacities and may deprive the local population of treatments.
3.8.3. Opportunities
3.8.3.1. Overseas promotional offices is a key source of medical tourists
Several market players, including large hospitals, clinics, and government tourism agencies, are establishing
promotional offices in major medical tourist sources, especially in the Americas and Europe. These offices
provide consolidated information about the specialties and available treatments in their respective
destinations. In addition, these offices provide packaged solutions for a variety of medical services and
audiences. These installations across borders offer enhanced visibility for medical service providers in popular
destinations. Service providers in Asia, especially from India, Malaysia, Thailand, and Singapore, are actively
engaged in this approach. This is anticipated to be a key strategic initiative for success in the market.
Global Medical
3.8.3.2. Wider hospital network under insurance coverage for cashless transactions
Tourism Market
Insurance coverage is a major challenge for the medical tourism market and the healthcare system as a whole.
and Industry Forecast, A large portion of the global population is still uninsured and not covered for medical expenses. This is a
2018-2025 major hurdle for populations in the developed nations that cannot afford treatment in their own country,
60
owing to high costs of healthcare services. Moreover, the healthcare insurance market is largely fragmented
and lacks global players with cross-border coverage. Therefore, a wider network of hospitals covered under a
standardized Medicare policy can further ease medical travel and availing services. One way to go forward is
to form alliances between medical insurance providers to develop such a standardized policy and system of
reimbursement.
3.8.4. Impact analyses

The growth of the medical tourism market is majorly driven by affordable good quality care. The other factors
that positively influence the market include availability of quality care, accessible information & care, and
assistance and support from government agencies and associations across the globe. However, limited
coverage and lengthy partial reimbursement by payers, difficulties associated with travel, language barriers,
availability, documentation, and VISA approval issues are expected to hamper the growth of the medical
tourism market. Conversely, overseas promotional offices which serve as a key source for medical tourists and
wider hospital network under insurance coverage for cashless transactions is expected to serve as a lucrative
opportunity during the forecast period. The overall impact of the drivers is expected to be higher than the
restraints; hence, the global medical tourism market is projected to grow at a CAGR of 12.9% from 2018 to
2025.
Global Medical
Tourism Market
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61
FIGURE 12. IMPACT ANALYSES
Restraints Drivers
Opportunity
• Overseas promotional offices is
a key source of medical tourists
• Wider hospital network through
insurance coverage for
cashless transactions
Global Medical
Tourism Market Source: Primary & Secondary Research and AMR Analysis
2018-2025
62
CHAPTER 4: MEDICAL TOURISM MARKET, BY TREATMENT TYPE
4.1. Overview
The global medical tourism market is segmented on the basis of treatment type opted by medical tourists
around the world. The key treatment types include cardiovascular treatment, orthopedic treatment,
neurological treatment, cancer treatment, fertility treatment, and other general treatments. Cancer treatment
is the most sought after medical service availed by medical tourists globally, followed by fertility and
orthopedic treatments.
The global medical tourism market generated $53,767.74 million in 2017 and is projected to reach
$143,461.14 million by 2025, growing at a CAGR of 12.9% from 2018 to 2025.
4.1.1. Market size and forecast

The cosmetic treatment segment was the highest contributor to the global medical tourism market, with
$22,426.53 million in 2017, and is estimated to reach $59,550.72 million by 2025, at a CAGR of 12.8%. The
cancer treatment segment is estimated to reach $21,806.09 million by 2025, growing at a CAGR of 15.7%.
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TABLE 02. GLOBAL MEDICAL TOURISM MARKET, BY TREATMENT TYPE, 2017 2025 ($MILLION)
TREATMENT CAGR%
2017 2018 2019 2020 2021 2022 2023 2024 2025
TYPE (2018–2025)
Dental
Treatment
14,585.80 16,428.20 18,433.32 20,606.71 22,953.10 25,476.32 28,179.20 31,063.45 34,129.64 11.0
Cosmetic
Treatment
22,426.53 25,638.44 29,206.60 33,156.68 37,514.69 42,306.86 47,559.49 53,298.78 59,550.72 12.8
Cardiovascular
Treatment
2,010.91 2,285.26 2,587.73 2,920.00 3,283.74 3,680.56 4,112.04 4,579.67 5,084.87 12.1
Orthopedic
Treatment
2,420.32 2,826.16 3,287.02 3,808.33 4,395.84 5,055.55 5,793.72 6,616.86 7,531.71 15.0
Neurological
Treatment
2,079.42 2,372.36 2,696.96 3,055.39 3,449.82 3,882.41 4,355.33 4,870.70 5,430.60 12.6
Cancer
Treatment
6,663.58 7,838.28 9,180.48 10,707.76 12,438.75 14,393.06 16,591.25 19,054.82 21,806.09 15.7
Fertility
Treatment
2,137.57 2,501.64 2,915.88 3,385.33 3,915.36 4,511.57 5,179.81 5,926.19 6,757.02 15.3
Other
Treatments
1,443.62 1,614.85 1,799.08 1,996.35 2,206.58 2,429.55 2,664.90 2,912.11 3,170.49 10.1
Total 53,767.74 61,505.19 70,107.06 79,636.56 90,157.88 101,735.88 114,435.73 128,322.57 143,461.14 12.9
Global Medical Source: Primary & Secondary Research and AMR Analysis
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In terms of volume, cosmetic treatment led the global hospital medical tourism market that accounted for
6,372.66 thousand patients in 2017 and is anticipated to reach 15,109.23 thousand patients by 2025,
registering a CAGR of 11.2% during the forecast period. Moreover, cancer treatment accounted for 3,979.73
thousand patients in 2017 registering a CAGR of 14.7% during the forecast period.
TABLE 03. GLOBAL MEDICAL TOURISM MARKET, BY TREATMENT TYPE, 2017 2025 (NUMBER OF PATIENTS IN THOUSANDS)
CAGR%
TREATMENT TYPE 2017 2018 2019 2020 2021 2022 2023 2024 2025
(2018–2025)
Dental Treatment 4,855.36 5,410.43 6,008.15 6,649.44 7,335.01 8,065.33 8,840.64 9,660.91 10,525.85 10.0
Cosmetic
Treatment
6,372.66 7,177.71 8,057.61 9,016.10 10,056.84 11,183.30 12,398.82 13,706.49 15,109.23 11.2
Cardiovascular
Treatment
493.97 552.52 615.93 684.35 757.93 836.80 921.07 1,010.81 1,106.08 10.4
Orthopedic
Treatment
631.99 729.24 838.20 959.84 1,095.12 1,245.04 1,410.62 1,592.89 1,792.87 13.7
Neurological
Treatment
461.56 518.43 580.36 647.58 720.30 798.72 883.03 973.38 1,069.94 10.9
Cancer Treatment 1,308.89 1,526.06 1,771.39 2,047.36 2,356.57 2,701.66 3,085.37 3,510.45 3,979.73 14.7
Fertility Treatment 606.92 703.88 812.96 935.21 1,071.69 1,223.49 1,391.72 1,577.52 1,782.02 14.2
Global Medical Other Treatments 441.66 481.70 523.04 565.43 608.55 652.05 695.55 738.61 780.76 7.1
Tourism Market Total 15,173.00 17,099.97 19,207.65 21,505.32 24,002.00 26,706.40 29,626.80 32,771.05 36,146.47 11.3

2018-2025
65
4.2. Dental Treatment
Dental diseases such as dental plaque, gingivitis, tooth decay, dental calculus and others, are on the rise, due
to lifestyle preferences and change in food habits. India, Thailand, Germany, France, and Singapore have
emerged as major medical tourism destinations for dental treatment. These countries have developed
expertise and specialized treatment techniques for dental treatment at affordable prices than that in North
America.
4.2.1. Key market trends, growth factors, and opportunities

Surge in prevalence of dental diseases has fueled the need for medical tourism. For instance, 92% adults in
the U.S. suffer from dental caries in their permanent teeth. Moreover, high cost of dental implants, periodontal
surgery, root canal, and other procedures fuel the need for travel to the popular medical tourism destinations.
Destinations such as Thailand, Mexico, India and others, offer good quality dental treatment at affordable
cost. Furthermore, dental procedures are mostly not considered as emergencies and hence, can be
undertaken while on a holiday in any of the destination countries. This also serves as a huge factor for growth
of this market.
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4.2.2. Market size and forecast, by region
The medical tourism market for dental treatment was valued at $14,585.80 million in 2017, and is projected to
reach $34,129.64 million by 2025, growing at a CAGR of 11.0% from 2018 to 2025. The North America market
was the highest contributor to the medical tourism market for dental treatment, with $4,832.28 million in
2017, and is estimated to reach $10,069.95 million by 2025, at a CAGR of 9.4% during the forecast period. The
Asia-Pacific market is estimated to reach $11,779.84 million by 2025 at a CAGR of 12.5%.
TABLE 04. MEDICAL TOURISM MARKET FOR DENTAL TREATMENT, BY REGION, 2017 2025 ($MILLION)
CAGR%
REGION 2017 2018 2019 2020 2021 2022 2023 2024 2025
(2018–2025)
North America 4,832.28 5,368.22 5,939.91 6,546.88 7,188.34 7,863.11 8,569.65 9,306.03 10,069.95 9.4
Europe 1,783.84 1,998.59 2,230.66 2,480.40 2,748.06 3,033.75 3,337.47 3,659.08 3,998.29 10.4
Asia-Pacific 4,517.22 5,160.61 5,872.16 6,655.84 7,515.42 8,454.48 9,476.31 10,583.90 11,779.84 12.5
LAMEA 3,452.46 3,900.77 4,390.59 4,923.59 5,501.29 6,124.99 6,795.77 7,514.44 8,281.56 11.4
Total 14,585.80 16,428.20 18,433.32 20,606.71 22,953.10 25,476.32 28,179.20 31,063.45 34,129.64 11.0
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In terms of volume, the medical tourism market for dental treatment was valued at 4,855.36 thousand patients
in 2017, and is projected to reach 10,525.85 thousand patients by 2025, growing at a CAGR of 10.0% from
2018 to 2025. The North America market was the highest contributor to the medical tourism market for dental
treatment, with 1,507.10 thousand patients in 2017, and is estimated to reach 2,960.40 thousand patients by
2025, at a CAGR of 8.6% during the forecast period. The Asia-Pacific market is estimated to reach 3,633.00
thousand patients by 2025 at a CAGR of 11.5%.
TABLE 05. MEDICAL TOURISM MARKET FOR DENTAL TREATMENT, BY REGION, 2017 2025 (NUMBER OF PATIENTS IN THOUSANDS)
CAGR%
REGION 2017 2018 2019 2020 2021 2022 2023 2024 2025
(2018–2025)
North America 1,507.10 1,659.68 1,821.15 1,991.30 2,169.88 2,356.54 2,550.86 2,752.33 2,960.40 8.6
Europe 517.58 573.27 632.73 695.99 763.02 833.80 908.27 986.32 1,067.85 9.3
Asia-Pacific 1,503.70 1,699.59 1,913.97 2,147.73 2,401.67 2,676.53 2,973.00 3,291.65 3,633.00 11.5
LAMEA 1,326.97 1,477.89 1,640.30 1,814.43 2,000.44 2,198.46 2,408.52 2,630.60 2,864.61 9.9
Total 4,855.36 5,410.43 6,008.15 6,649.44 7,335.01 8,065.33 8,840.64 9,660.91 10,525.85 10.0
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4.3. Cosmetic Treatment
Popularity of cosmetic procedures is on the rise worldwide due to rise in aesthetic awareness. Therefore, more
and more people choose to undergo the knife for better bodies. However, these procedures can be very
costly in countries such as North America. In addition, the stringent regulatory laws and partial
reimbursements also serve as a motivation factor that urge people to travel abroad for cosmetic procedures.
India, Thailand and Brazil have emerged as major medical tourism destinations for cosmetic treatment. These
countries provide services are available at comparatively lower prices than that in North America.

The major factors that fuel this market are the rise in obesity among people worldwide and surge in aesthetic
consciousness. For instance, according to ProCon.org, the percentage of obese adult population was 36.2% in
the U.S., 29.4% in Canada, 28.9% in Mexico, 27.8% in the UK, and 29.0% in Australia. Moreover, the present
numbers are expected to grow. According to the Organisation for Economic Co-operation and Development,
the obesity levels are anticipated to be particularly high in the U.S., Mexico, and England, where 47%, 39%,
and 35% of the population, respectively is projected to be obese by 2030. Therefore, tremendous rise in
obesity serves as a major factor for the growth of the medical tourism for cosmetic treatment.
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Tourism Market
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The medical tourism market for cosmetic treatment was valued at $22,426.53 million in 2017, and is projected
to reach $59,550.72 million by 2025, growing at a CAGR of 12.8% from 2018 to 2025. The North America
market was the highest contributor to the medical tourism market for cosmetic treatment, with $7,420.94
million in 2017, and is estimated to reach $17,546.62 million by 2025, at a CAGR of 11.2% during the forecast
period. The Asia-Pacific market is estimated to reach $20,708.76 million by 2025 at a CAGR of 14.3%.
TABLE 06. MEDICAL TOURISM MARKET FOR COSMETIC TREATMENT, BY REGION, 2017 2025 ($MILLION)
CAGR%
REGION 2017 2018 2019 2020 2021 2022 2023 2024 2025
(2018–2025)
North America 7,420.94 8,367.59 9,399.78 10,520.82 11,733.66 13,040.83 14,444.41 15,945.99 17,546.62 11.2
Europe 2,785.37 3,167.79 3,589.86 4,054.03 4,562.72 5,118.34 5,723.19 6,379.53 7,089.51 12.2
Asia-Pacific 7,003.80 8,120.49 9,380.06 10,795.61 12,380.79 14,149.80 16,117.32 18,298.47 20,708.76 14.3
LAMEA 5,216.41 5,982.57 6,836.90 7,786.22 8,837.52 9,997.91 11,274.57 12,674.78 14,205.82 13.1
Total 22,426.53 25,638.44 29,206.60 33,156.68 37,514.69 42,306.86 47,559.49 53,298.78 59,550.72 12.8
Global Medical
Tourism Market
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In terms of volume, the medical tourism market for cosmetic treatment was valued at 6,372.66 thousand
patients in 2017, and is projected to reach 15,109.23 thousand patients by 2025, growing at a CAGR of 11.2%
from 2018 to 2025. The North America market was the highest contributor to the medical tourism market for
cosmetic treatment, with 2,098.52 thousand patients in 2017, and is estimated to reach 4,535.03 thousand
patients by 2025, at a CAGR of 9.9% during the forecast period. The Asia-Pacific market is estimated to reach
5,539.80 thousand patients by 2025 at a CAGR of 12.6%.
TABLE 07. MEDICAL TOURISM MARKET FOR COSMETIC TREATMENT, BY REGION, 2017 2025 (NUMBER OF PATIENTS IN THOUSANDS)
CAGR%
REGION 2017 2018 2019 2020 2021 2022 2023 2024 2025
(2018–2025)
North America 2,098.52 2,337.47 2,594.65 2,870.45 3,165.14 3,478.92 3,811.86 4,163.95 4,535.03 9.9
Europe 741.14 830.15 926.73 1,031.16 1,143.71 1,264.62 1,394.09 1,532.30 1,679.39 10.6
Asia-Pacific 2,110.62 2,409.06 2,740.09 3,105.99 3,509.08 3,951.69 4,436.14 4,964.75 5,539.80 12.6
LAMEA 1,422.38 1,601.03 1,796.14 2,008.51 2,238.90 2,488.08 2,756.72 3,045.50 3,355.00 11.1
Total 6,372.66 7,177.71 8,057.61 9,016.10 10,056.84 11,183.30 12,398.82 13,706.49 15,109.23 11.2
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Tourism Market
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4.4. Cardiovascular treatment
Cardiovascular ailments are among the most common illnesses reported across the world. Lifestyle
preferences, change in food habits, and increase in pollution are some of the major causes of cardiovascular
diseases.
India, Thailand, Germany, France, and Singapore have emerged as major medical tourism destinations for
cardiovascular treatment. These countries have developed expertise and specialized treatment techniques for
cardiovascular disorders. In addition, these services are available at comparatively lower prices than that in
North America.

Increase in incidence of cancer and cardiovascular ailments has fueled the need for medical tourism.
Furthermore, long waiting time for elective surgeries and organ transplant act as a motivator for travel to the
popular medical tourism destinations. These destinations offer good quality cardiovascular treatment at
affordable rates. However, undertaking travel during illnesses is a difficult task and most patients prefer the
closest destinations. As a result, patients in Europe tend to stay in Europe; patients in North America prefer
the Americas, whereas patients in Asia, Africa, and the Middle East prefer treatment in Asia or Europe.
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Tourism Market
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The medical tourism market for cardiovascular treatment was valued at $2,010.91 million in 2017, and is
projected to reach $5,084.87 million by 2025, growing at a CAGR of 12.1% from 2018 to 2025. The North
America market was the highest contributor to the medical tourism market for cardiovascular treatment, with
$663.10 million in 2017, and is estimated to reach $1,492.41 million by 2025, at a CAGR of 10.5% during the
forecast period. The Asia-Pacific market is estimated to reach $1,734.96 million by 2025 at a CAGR of 13.6%.
TABLE 08. MEDICAL TOURISM MARKET FOR CARDIOVASCULAR TREATMENT, BY REGION, 2017 2025 ($MILLION)
CAGR%
REGION 2017 2018 2019 2020 2021 2022 2023 2024 2025
(2018–2025)
North America 663.10 743.21 829.85 923.18 1,023.30 1,130.28 1,244.15 1,364.88 1,492.41 10.5
Europe 241.81 273.33 307.84 345.49 386.41 430.74 478.59 530.07 585.27 11.5
Asia-Pacific 614.84 708.84 814.13 931.61 1,062.21 1,206.88 1,366.58 1,542.29 1,734.96 13.6
LAMEA 491.17 559.87 635.90 719.73 811.82 912.66 1,022.72 1,142.43 1,272.23 12.4
Total 2,010.91 2,285.26 2,587.73 2,920.00 3,283.74 3,680.56 4,112.04 4,579.67 5,084.87 12.1
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In terms of volume, the medical tourism market for cardiovascular treatment was valued at 493.97 thousand
cardiovascular treatment, with 156.96 thousand patients in 2017, and is estimated to reach 319.22 thousand
377.40 thousand patients by 2025 at a CAGR of 11.9%.
TABLE 09. MEDICAL TOURISM MARKET FOR CARDIOVASCULAR TREATMENT, BY REGION, 2017 2025 (NUMBER OF PATIENTS IN
THOUSANDS)
CAGR%
REGION 2017 2018 2019 2020 2021 2022 2023 2024 2025
(2018–2025)
North America 156.96 173.55 191.22 209.97 229.79 250.65 272.53 295.40 319.22 9.1
Europe 54.95 61.11 67.73 74.81 82.37 90.40 98.91 107.90 117.36 9.8
Asia-Pacific 151.03 171.38 193.78 218.34 245.17 274.39 306.10 340.41 377.40 11.9
LAMEA 131.03 146.48 163.20 181.23 200.61 221.36 243.52 267.10 292.12 10.4
Total 493.97 552.52 615.93 684.35 757.93 836.80 921.07 1,010.81 1,106.08 10.4
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4.5. Orthopedic treatment
Orthopedic treatment is another widely performed service globally, which is also one of the most expensive
treatments. Typically, the cost of implants is the major element in the total cost of the treatment. In addition,
patients undergo implant replacement surgeries due to concern of rejection of the implants by the host body.
Popular medical tourism destinations for orthopedic treatment are Mexico and Brazil in the Americas; India,
Thailand, Singapore and Malaysia in Asia; South Africa in Africa; and Germany, France, and Turkey in Europe

Increase in geriatric population globally and emergence of minimally invasive surgical techniques have led to
the rise in demand for orthopedic treatment. In addition, rise in participation in sports and injuries caused
during sport activities result in a large number of sportspersons seeking good quality orthopedic treatment,
including ligament repair and joint surgeries.

The medical tourism market for orthopedic treatment was valued at $2,420.32 million in 2017, and is
projected to reach $7,531.71 million by 2025, growing at a CAGR of 15.0% from 2018 to 2025.
Global Medical The North America market was the highest contributor to the medical tourism market for orthopedic
Tourism Market treatment, with $798.10 million in 2017, and is estimated to reach $2,210.56 million by 2025, at a CAGR of
Opportunity Analysis 13.4% during the forecast period. The Asia-Pacific market is estimated to reach $2,569.82 million by 2025 at a
and Industry Forecast, CAGR of 16.6%.
2018-2025
75
TABLE 10. MEDICAL TOURISM MARKET FOR ORTHOPEDIC TREATMENT, BY REGION, 2017 2025 ($MILLION)
CAGR%
REGION 2017 2018 2019 2020 2021 2022 2023 2024 2025
(2018–2025)
North America 798.10 919.12 1,054.11 1,204.03 1,369.85 1,552.53 1,752.96 1,972.03 2,210.56 13.4
Europe 291.04 338.03 391.03 450.60 517.28 591.66 674.32 765.86 866.90 14.4
Asia-Pacific 740.01 876.62 1,034.14 1,215.03 1,421.94 1,657.75 1,925.47 2,228.35 2,569.82 16.6
LAMEA 591.16 692.39 807.74 938.68 1,086.76 1,253.62 1,440.97 1,650.62 1,884.43 15.4
Total 2,420.32 2,826.16 3,287.02 3,808.33 4,395.84 5,055.55 5,793.72 6,616.86 7,531.71 15.0
In terms of volume, the medical tourism market for orthopedic treatment was valued at 631.99 thousand
from 2018 to 2025.
The North America market was the highest contributor to the medical tourism market for orthopedic
treatment, with 200.81 thousand patients in 2017, and is estimated to reach 517.42 thousand patients by
2025, at a CAGR of 12.3% during the forecast period. The Asia-Pacific market is estimated to reach 611.73
Global Medical
Tourism Market
2018-2025
76
TABLE 11. MEDICAL TOURISM MARKET FOR ORTHOPEDIC TREATMENT, BY REGION, 2017 2025 (NUMBER OF PATIENTS IN
THOUSANDS)
CAGR%
REGION 2017 2018 2019 2020 2021 2022 2023 2024 2025
(2018–2025)
North America 200.81 229.06 260.23 294.50 332.01 372.93 417.39 465.51 517.42 12.3
Europe 70.31 80.66 92.17 104.93 119.01 134.50 151.48 170.03 190.22 13.0
Asia-Pacific 193.23 226.20 263.71 306.23 354.24 408.26 468.80 536.43 611.73 15.3
LAMEA 167.63 193.33 222.09 254.18 289.85 329.35 372.95 420.91 473.50 13.7
Total 631.99 729.24 838.20 959.84 1,095.12 1,245.04 1,410.62 1,592.89 1,792.87 13.7
4.6. Neurological treatment

Neurological treatment includes brain surgeries to resolve various ailments related to the nervous system.
Neurological treatment is a complex treatment and requires high level of expertise and advanced equipment
to attain precision.Germany, France, the UK, the U.S., India, and Singapore are the prime medical tourism
destinations that offer high quality neurological treatment. The countries mentioned above are promoted as
centers of excellence in the field and produce some of the best skilled medical personnel across the world.
Global Medical 4.6.1. Key market trends, growth factors, and opportunities
Tourism Market Neurological treatment is a difficult procedure and requires high level of expertise. There are very few
Opportunity Analysis personnel with the requisite expertise for providing excellent quality neurological treatment. The number of
and Industry Forecast, people being diagnosed with neurological ailments is on a continuous rise, owing to their stressful lifestyles.
2018-2025
This is anticipated to increase the number of medical tourists traveling to destinations that offer good
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neurological treatment. At times, experts are called in from across the world to perform procedures, especially
surgeries, as part of the neurological treatment.

The medical tourism market for neurological treatment was valued at $2,079.42 million in 2017, and is
projected to reach $5,430.60 million by 2025, growing at a CAGR of 12.6% from 2018 to 2025. The North
America market was the highest contributor to the medical tourism market for neurological treatment, with
$685.69 million in 2017, and is estimated to reach $1,593.88 million by 2025, at a CAGR of 10.9% during the
forecast period. The Asia-Pacific market is estimated to reach $1,852.92 million by 2025 at a CAGR of 14.1%.
TABLE 12. MEDICAL TOURISM MARKET FOR NEUROLOGICAL TREATMENT, BY REGION, 2017 2025 ($MILLION)
CAGR%
REGION 2017 2018 2019 2020 2021 2022 2023 2024 2025
(2018–2025)
North America 685.69 771.54 864.88 965.98 1,075.05 1,192.26 1,317.76 1,451.62 1,593.88 10.9
Europe 250.05 283.75 320.84 361.51 405.96 454.36 506.91 563.75 625.06 11.9
Asia-Pacific 635.78 735.86 848.50 974.80 1,115.93 1,273.07 1,447.44 1,640.30 1,852.92 14.1
LAMEA 507.90 581.21 662.74 753.10 852.88 962.72 1,083.22 1,215.03 1,358.74 12.9
Total 2,079.42 2,372.36 2,696.96 3,055.39 3,449.82 3,882.41 4,355.33 4,870.70 5,430.60 12.6
Global Medical Source: Primary & Secondary Research and AMR Analysis
Tourism Market
2018-2025
78
In terms of volume, the medical tourism market for neurological treatment was valued at 461.56 thousand
neurological treatment, with 146.66 thousand patients in 2017, and is estimated to reach 308.78 thousand
365.06 thousand patients by 2025 at a CAGR of 12.4%.
TABLE 13. MEDICAL TOURISM MARKET FOR NEUROLOGICAL TREATMENT, BY REGION, 2017 2025 (NUMBER OF PATIENTS IN
THOUSANDS)
CAGR%
REGION 2017 2018 2019 2020 2021 2022 2023 2024 2025
(2018–2025)
North America 146.66 162.84 180.18 198.69 218.38 239.24 261.28 284.46 308.78 9.6
Europe 51.35 57.34 63.82 70.79 78.28 86.29 94.83 103.90 113.52 10.2
Asia-Pacific 141.12 160.81 182.59 206.61 233.00 261.91 293.46 327.80 365.06 12.4
LAMEA 122.43 137.44 153.77 171.49 190.65 211.29 233.46 257.21 282.57 10.8
Total 461.56 518.43 580.36 647.58 720.30 798.72 883.03 973.38 1,069.94 10.9
Global Medical
Tourism Market
2018-2025
79
4.7. Cancer treatment
Cancer treatment is one of the most sought-after medical services. There have been significant advances in
oncology over the past two decades. Research in cancer treatment is one of the most funded avenues, which
encourages the study of this segment in the healthcare industry.
Germany, France, India, Thailand, Singapore, the U.S., South Africa, and Brazil are among the most visited
medical tourism destinations for cancer treatment. It is difficult for cancer patients to travel; therefore, most
patients tend to stay in their home countries unless the treatment is unavailable in their country

The incidence of cancer has increased globally, owing to factors such as lifestyle preferences and pollution.
This is projected to increase the number of cross-border travelers seeking good quality cancer treatment. In
addition, cancer treatment is an expensive and prolonged treatment. Good quality treatment available at
affordable prices motivates several patients to choose to travel. Asia and Latin America are the major hosts for
travelers seeking cancer treatment.

The medical tourism market for cancer treatment was valued at $6,663.58 million in 2017, and is projected to
Global Medical
Tourism Market was the highest contributor to the medical tourism market for cancer treatment, with $2,197.31 million in
Opportunity Analysis 2017, and is estimated to reach $6,400.09 million by 2025, at a CAGR of 14.1% during the forecast period. The
2018-2025 Asia-Pacific market is estimated to reach $7,440.24 million by 2025 at a CAGR of 17.3%.
80
TABLE 14. MEDICAL TOURISM MARKET FOR CANCER TREATMENT, BY REGION, 2017 2025 ($MILLION)
CAGR%
REGION 2017 2018 2019 2020 2021 2022 2023 2024 2025
(2018–2025)
North America 2,197.31 2,549.16 2,944.07 3,385.33 3,876.23 4,420.02 5,019.89 5,678.93 6,400.09 14.1%
Europe 801.29 937.51 1,092.13 1,266.93 1,463.73 1,684.44 1,931.01 2,205.48 2,509.88 15.1%
Asia-Pacific 2,037.39 2,431.29 2,888.29 3,416.24 4,023.62 4,719.57 5,513.90 6,417.07 7,440.24 17.3%
LAMEA 1,627.58 1,920.33 2,255.99 2,639.26 3,075.17 3,569.03 4,126.45 4,753.34 5,455.88 16.1%
Total 6,663.58 7,838.28 9,180.48 10,707.76 12,438.75 14,393.06 16,591.25 19,054.82 21,806.09 15.7%
In terms of volume, the medical tourism market for cancer treatment was valued at 1,308.89 thousand
from 2018 to 2025.
The North America market was the highest contributor to the medical tourism market for cancer treatment,
with 415.90 thousand patients in 2017, and is estimated to reach 1,148.55 thousand patients by 2025, at a
CAGR of 13.3% during the forecast period. The Asia-Pacific market is estimated to reach 1,357.88 thousand
patients by 2025 at a CAGR of 16.2%.
Global Medical
Tourism Market
2018-2025
81
TABLE 15. MEDICAL TOURISM MARKET FOR CANCER TREATMENT, BY REGION, 2017 2025 (NUMBER OF PATIENTS IN THOUSANDS)
CAGR%
REGION 2017 2018 2019 2020 2021 2022 2023 2024 2025
(2018–2025)
North America 415.90 479.35 549.95 628.17 714.45 809.23 912.92 1,025.91 1,148.55 13.3
Europe 145.61 168.79 194.79 223.82 256.10 291.86 331.33 374.72 422.25 14.0
Asia-Pacific 400.19 473.36 557.30 653.20 762.29 885.89 1,025.38 1,182.21 1,357.88 16.2
LAMEA 347.18 404.57 469.35 542.18 623.72 714.67 815.73 927.62 1,051.05 14.6
Total 1,308.89 1,526.06 1,771.39 2,047.36 2,356.57 2,701.66 3,085.37 3,510.45 3,979.73 14.7
4.8. Fertility treatment

A significant number of medical tourists, globally, travel to avail fertility treatments including IVF, gender
reassignment, and other infertility issues. Fertility treatment is a fast growing service sought-after by many
medical tourists across the globe. Family planning and stressful lifestyles are the key causes of rising infertility
among the world population.

Most visited destinations for fertility treatment include Barbados, Spain, Hungary, Turkey, Ukraine, South
Global Medical
Africa, India, and Malaysia. Latin America hosts a large number of medical tourists from North America who
Tourism Market are seeking fertility treatment.Advances in technology, increase in buying capacity, and rise in incidence of
Opportunity Analysis infertility are the key growth drivers for the increase in number of medical tourists seeking fertility treatment.
2018-2025 In addition, advances in technology enabling higher success rate fuels the rise in number of investors and
service providers for fertility treatment
82
The medical tourism market for fertility treatment was valued at $2,137.57 million in 2017, and is projected to
was the highest contributor to the medical tourism market for fertility treatment, with $704.86 million in 2017,
and is estimated to reach $1,983.19 million by 2025, at a CAGR of 13.6% during the forecast period. The Asia-
Pacific market is estimated to reach $2,305.50 million by 2025 at a CAGR of 16.8%.
TABLE 16. MEDICAL TOURISM MARKET FOR FERTILITY TREATMENT, BY REGION, 2017 2025 ($MILLION)
CAGR%
REGION 2017 2018 2019 2020 2021 2022 2023 2024 2025
(2018–2025)
North America 704.86 813.58 935.08 1,070.29 1,220.12 1,385.47 1,567.22 1,766.19 1,983.19 13.6
Europe 257.04 299.21 346.88 400.55 460.74 527.99 602.87 685.92 777.73 14.6
Asia-Pacific 653.56 775.96 917.37 1,080.07 1,266.52 1,479.37 1,721.44 1,995.75 2,305.50 16.8
LAMEA 522.10 612.89 716.54 834.42 967.98 1,118.73 1,288.28 1,478.32 1,690.61 15.6
Total 2,137.57 2,501.64 2,915.88 3,385.33 3,915.36 4,511.57 5,179.81 5,926.19 6,757.02 15.3
In terms of volume, the medical tourism market for fertility treatment was valued at 606.92 thousand patients
Global Medical in 2017, and is projected to reach 1,782.02 thousand patients by 2025, growing at a CAGR of 14.2% from 2018
Tourism Market to 2025. The North America market was the highest contributor to the medical tourism market for fertility
Opportunity Analysis treatment, with 192.85 thousand patients in 2017, and is estimated to reach 514.29 thousand patients by
2018-2025
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TABLE 17. MEDICAL TOURISM MARKET FOR FERTILITY TREATMENT, BY REGION, 2017 2025 (NUMBER OF PATIENTS IN THOUSANDS)
CAGR%
REGION 2017 2018 2019 2020 2021 2022 2023 2024 2025
(2018–2025)
North America 192.85 221.09 252.39 286.94 324.91 366.47 411.79 461.02 514.29 12.8
Europe 67.52 77.85 89.40 102.24 116.47 132.17 149.45 168.39 189.07 13.5
Asia-Pacific 185.57 218.33 255.77 298.37 346.66 401.19 462.52 531.26 608.03 15.8
LAMEA 160.99 186.60 215.40 247.66 283.65 323.65 367.95 416.85 470.63 14.1
Total 606.92 703.88 812.96 935.21 1,071.69 1,223.49 1,391.72 1,577.52 1,782.02 14.2
4.9. Other treatments

Relatively few medical tourists choose to travel for availing general treatments as these are available in their
respective countries as well. Other general treatments include skin repair for burn victims, bariatric surgeries,
rare disorders, and organ transplant.

Germany, France, Spain, Turkey, India, Thailand, Singapore, Malaysia, the U.S., Mexico, South Africa, and Brazil
are among the most visited medical tourism destinations for general treatment. Bariatric surgeries are the
Global Medical
most common of the general treatments availed by medical tourists outside their home country.
Tourism Market
Opportunity Analysis Unavailability of certain medicines, technologies, or experts and long waiting period are factors that drive
and Industry Forecast, travelers to opt for general treatments. Better logistic connectivity and inexpensive treatment options can
2018-2025
create further opportunities for growth of medical tourism for general treatment
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The medical tourism market for other treatments was valued at $1,443.62 million in 2017, and is projected to
was the highest contributor to the medical tourism market for other treatments, with $476.03 million in 2017,
and is estimated to reach $930.54 million by 2025, at a CAGR of 8.5% during the forecast period. The Asia-
Pacific market is estimated to reach $1,081.77 million by 2025 at a CAGR of 11.6%.
TABLE 18. MEDICAL TOURISM MARKET FOR OTHER TREATMENTS, BY REGION, 2017 2025 ($MILLION)
CAGR%
REGION 2017 2018 2019 2020 2021 2022 2023 2024 2025
(2018–2025)
North America 476.03 525.18 576.94 631.16 687.62 746.10 806.30 867.90 930.54 8.5
Europe 173.60 193.15 214.02 236.21 259.66 284.33 310.16 337.06 364.92 9.5
Asia-Pacific 441.39 500.90 566.01 636.92 713.77 796.66 885.65 980.71 1,081.77 11.6
LAMEA 352.60 395.63 442.10 492.06 545.52 602.45 662.79 726.44 793.26 10.4
Total 1,443.62 1,614.85 1,799.08 1,996.35 2,206.58 2,429.55 2,664.90 2,912.11 3,170.49 10.1
Global Medical
Tourism Market
2018-2025
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In terms of volume, the medical tourism market for other treatments was valued at 441.66 thousand patients
in 2017, and is projected to reach 780.76 thousand patients by 2025, growing at a CAGR of 7.1% from 2018 to
2025. The North America market was the highest contributor to the medical tourism market for other
treatments, with 140.34 thousand patients in 2017, and is estimated to reach 225.33 thousand patients by
TABLE 19. MEDICAL TOURISM MARKET FOR OTHER TREATMENTS, BY REGION, 2017 2025 (NUMBER OF PATIENTS IN THOUSANDS)
CAGR%
REGION 2017 2018 2019 2020 2021 2022 2023 2024 2025
(2018–2025)
North America 140.34 151.30 162.39 173.48 184.50 195.31 205.80 215.85 225.33 5.9
Europe 49.13 53.28 57.52 61.81 66.13 70.44 74.69 78.84 82.84 6.5
Asia-Pacific 135.04 149.41 164.56 180.40 196.85 213.81 231.16 248.74 266.40 8.6
LAMEA 117.15 127.70 138.59 149.74 161.07 172.49 183.89 195.17 206.20 7.1
Total 441.66 481.70 523.04 565.43 608.55 652.05 695.55 738.61 780.76 7.1
Global Medical
Tourism Market
2018-2025
86
CHAPTER 5: MEDICAL TOURISM MARKET, BY REGION
5.1. Overview
The report segments the global medical tourism market based on four key regions, namely:
 North America: the U.S., Mexico, and Canada

 Europe: Germany, France, the UK, Italy, Spain, and rest of Europe
 Asia-Pacific: India, China, Indonesia, Singapore, Malaysia, Thailand, South Korea, rest of Asia-Pacific
 LAMEA: Brazil, Venezuela, Cosa Rica, UAE, South Africa, and rest of LAMEA
North America is the largest contributor due to various factors such as recent joint commission international
(JCI) accreditations to hospitals (JCI accreditation is considered the gold standard in global health care, which
makes them a preferred choice for medical tourists. Furthermore, advanced specialized treatments for cancer,
neurological, and cardiovascular ailments contribute to the growth of the market.
The global medical tourism was valued at $53,767.74 million in 2017, and is projected to reach $143,461.14
million by 2025, registering a CAGR of 12.9% from 2018 to 2025.
In terms of volume, the global medical tourism was valued at 15,173.00 thousand patients in 2017, and is
Global Medical
projected to reach 36,146.47 thousand patients by 2025, registering a CAGR of 11.3% from 2018 to 2025.
Tourism Market
2018-2025
87
5.1.1. Market size and forecast
The North America market was the highest contributor to the medical tourism market, with $17,778.31 million
in 2017, and is estimated to reach $42,227.23 million by 2025, at a CAGR of 11.2% during the forecast period.
The Asia-Pacific market is estimated to reach $49,473.81 million by 2025 at a CAGR of 14.4%.
TABLE 20. MEDICAL TOURISM MARKET REVENUE, BY REGION, 2017 2025 ($MILLION)
CAGR%
REGION 2017 2018 2019 2020 2021 2022 2023 2024 2025
2018-2025
North America 17,778.31 20,057.59 22,544.62 25,247.67 28,174.17 31,330.59 34,722.33 38,353.58 42,227.23 11.2
Europe 6,584.06 7,491.35 8,493.27 9,595.71 10,804.57 12,125.62 13,564.52 15,126.75 16,817.57 12.2
Asia-Pacific 16,644.00 19,310.58 22,320.67 25,706.12 29,500.21 33,737.57 38,454.11 43,686.84 49,473.81 14.4
LAMEA 12,761.38 14,645.67 16,748.50 19,087.06 21,678.94 24,542.10 27,694.77 31,155.41 34,942.53 13.2
Total 53,767.74 61,505.19 70,107.06 79,636.56 90,157.88 101,735.88 114,435.73 128,322.57 143,461.14 12.9
Sources: Primary Research, Secondary Research, and AMR Analysis
In terms of volume, the North America market was the highest contributor to the medical tourism market,
with 4,859.14 thousand patients in 2017, and is estimated to reach 10,529.02 thousand patients by 2025, at a
CAGR of 10.0% during the forecast period.
Global Medical
The Asia-Pacific market is estimated to reach 12,759.28 million by 2025 at a CAGR of 12.8%.
Tourism Market
2018-2025
88
TABLE 21. MEDICAL TOURISM MARKET REVENUE, BY REGION, 2017 2025 (NUMBER OF PATIENTS IN THOUSANDS)
CAGR%
REGION 2017 2018 2019 2020 2021 2022 2023 2024 2025
2018-2025
North America 4,859.14 5,414.34 6,012.16 6,653.50 7,339.05 8,069.29 8,844.43 9,664.44 10,529.02 10.0
Europe 1,697.60 1,902.45 2,124.87 2,365.55 2,625.10 2,904.10 3,203.05 3,522.40 3,862.50 10.6
Asia-Pacific 4,820.51 5,508.13 6,271.76 7,116.86 8,048.97 9,073.67 10,196.57 11,423.26 12,759.28 12.8
LAMEA 3,795.75 4,275.04 4,798.85 5,369.41 5,988.89 6,659.34 7,382.75 8,160.96 8,995.67 11.2
Total 15,173.00 17,099.97 19,207.65 21,505.32 24,002.00 26,706.40 29,626.80 32,771.05 36,146.47 11.3
5.2. North America

North America is estimated to be the major host for medical tourists from across the world. Despite expensive
treatments, North America dominates the global market in terms of advanced technology and expertise in
medical services. In addition, it is generally perceived that the overall quality of medical services in North
America is higher than in the rest of the world. Mexico is one of the major destinations for medical tourism, as
it offers numerous good quality treatments at considerably lower costs as compared to the U.S. The major
factor which has led to rapid growth of medical tourism in the region is the geographical convenience offered
by Mexico. This serves as a motivation for Mexico-bound health travelers who reside in South, North &
Global Medical
Central America, and the Caribbean. Annually, nearly 1 million medical tourists travel to Mexico to access the
Tourism Market
healthcare facilities provided in the country. In addition, traveling cost is the second major factor that is
and Industry Forecast, considered while planning to visit foreign nation for cheaper medical treatment. The travel cost incurred by
2018-2025 medical tourists travelling to Mexico from the U.S. and Canada is relatively very low as compared to that
89
incurred for travelling to countries such as Singapore. This is further supported by cheaper medical care and
savings of up to 80% offered by Mexico as compared to that in the U.S. The overall cost of treatment is far
less as compared to what patients incur in the U.S. or Canada. This is due to the geographical advantage
offered by Mexico. Therefore, this factor boosts market growth of medical tourism in Mexico
Moreover, recent joint commission international accreditations in Mexico also serve as a major factor for the
growth of medical tourism market in the region. For instance, Joint Commission International (JCI) is one of
the most highly pursued accreditations in the world for maintenance of healthcare standards in North
America. Mexico had no JCI accredited facilities till 2006, however in 2007, the General Health Council (GHC)
in Mexico established certification criteria for medical institutions and organizations. The certification required
adherence to international standards aimed at medical care management & patient safety along with creation
of national standards focused on patient and information systems. This led to accreditation of seven hospitals
under JCI in 2014. These accreditations have resulted in advancements in the quality of healthcare provided in
Mexico which has served as a growth factor for medical tourism in the country. Moreover, these international
accreditations also serve as a medium for medical tourist to evaluate the credibility of a hospital. Currently
some of the hospitals that have JCI accreditation in Mexico include Hospital Galenia, Centro Médico ABC, and
others.
Global Medical Furthermore, the U.S. is another key tourism destination in North America, especially for advanced specialized
Tourism Market treatments for cancer, neurological, and cardiovascular ailments.
2018-2025
90
Advancements in technology and established expertise in specialized treatments, such as cancer treatment
and neurological treatment, drive the medical tourism in this region. The key factor that attracts maximum
number of medical tourists to North America is the perceived high quality of medical services that are
available in this region, especially in the U.S. For instance, according to a report by Research America,
investments in health and medical R&D increased by 20.6% between the years 2013 and 2016. The rapid R&D
has resulted in advent of newer technologies and better healthcare available in the U.S. For instance, use of
computer-assisted image-guidance to visualize the 3D model of the patient’s spine on the computer for
installation of surgical implants. This has changed the treatment approach in spine surgery by allowing the
surgeons to measure the diameter, length and other measurements of implants. In addition, the advent of
personalized medicine in treatment of cancer has helped physicians to design improved screening prevention
and treatment strategies resulting in better outcomes and lesser side effects. Moreover, use of biomaterials
such as titanium with micron (nano) scale surface treatments for interbody fusions serve as an alternative to
polyether ether ketone (PEEK) or other inflammatory biologics. This is another example of medical
technological advancements available in the U.S. Therefore, this encourages medical tourists from developing
nations and underdeveloped nations with lack of availability of technologically advanced medical products
and facilities to travel to North America for availing better healthcare
Global Medical
Tourism Market
2018-2025
91
5.2.2. Market size and forecast, by country
The U.S. segment was the highest contributor to the medical tourism market, with $7,434.89 million in 2017,
and is estimated to reach $17,395.93 million by 2025, at a CAGR of 11.0% during the forecast period. The
Canada market is estimated to reach $2,385.68 million by 2025 at a CAGR of 12.0%.
TABLE 22. NORTH AMERICA MEDICAL TOURISM MARKET, BY COUNTRY, 2017 2025 ($MILLION)
CAGR%
COUNTRY 2017 2018 2019 2020 2021 2022 2023 2024 2025
2018-2025
U.S. 7,434.89 8,372.44 9,392.99 10,499.49 11,694.53 12,980.26 14,358.38 15,830.06 17,395.93 11.0
Canada 951.47 1,080.92 1,223.34 1,379.41 1,549.79 1,735.08 1,935.83 2,152.56 2,385.68 12.0
Mexico 9,391.95 10,604.23 11,928.29 13,368.76 14,929.84 16,615.25 18,428.12 20,370.96 22,445.62 11.3
Total 17,778.31 20,057.59 22,544.62 25,247.67 28,174.17 31,330.59 34,722.33 38,353.58 42,227.23 11.2
Global Medical
Tourism Market
2018-2025
92
In terms of volume, the U.S. segment was the highest contributor to the medical tourism market, with 1,821.59
thousand patients in 2017, and is estimated to reach 3,881.42 thousand patients by 2025, at a CAGR of 9.7%
during the forecast period. The Canada market is estimated to reach 615.59 thousand patients by 2025 at a
CAGR of 10.7%.
TABLE 23. NORTH AMERICA MEDICAL TOURISM MARKET, BY COUNTRY, 2017 2025 (NUMBER OF PATIENTS IN THOUSANDS)
CAGR%
COUNTRY 2017 2018 2019 2020 2021 2022 2023 2024 2025
2018-2025
U.S. 1,821.59 2,025.51 2,244.46 2,478.69 2,728.37 2,993.54 3,274.21 3,570.24 3,881.42 9.7
Canada 269.63 302.45 338.08 376.62 418.16 462.77 510.52 561.45 615.59 10.7
Mexico 2,767.92 3,086.39 3,429.62 3,798.18 4,192.52 4,612.97 5,059.70 5,532.75 6,032.01 10.0
Total 4,859.14 5,414.34 6,012.16 6,653.50 7,339.05 8,069.29 8,844.43 9,664.44 10,529.02 10.0
Global Medical
Tourism Market
2018-2025
93
5.2.3. Market size and forecast, by treatment type
The cosmetic treatment market was the highest contributor to the medical tourism market, with $7,420.94
period. The cancer treatment market is estimated to reach $6,400.09 million by 2025 at a CAGR of 14.1%.
TABLE 24. NORTH AMERICA MEDICAL TOURISM MARKET, BY TREATMENT, 2017 2025 ($MILLION)
CAGR%
TREATMENT TYPE 2017 2018 2019 2020 2021 2022 2023 2024 2025
2018-2025
Cosmetic
Treatment
7,420.94 8,367.59 9,399.78 10,520.82 11,733.66 13,040.83 14,444.41 15,945.99 17,546.62 11.2
Cardiovascular
Treatment
663.10 743.21 829.85 923.18 1,023.30 1,130.28 1,244.15 1,364.88 1,492.41 10.5
Orthopedic
Treatment
798.10 919.12 1,054.11 1,204.03 1,369.85 1,552.53 1,752.96 1,972.03 2,210.56 13.4
Neurological
Treatment
685.69 771.54 864.88 965.98 1,075.05 1,192.26 1,317.76 1,451.62 1,593.88 10.9
Cancer treatment 2,197.31 2,549.16 2,944.07 3,385.33 3,876.23 4,420.02 5,019.89 5,678.93 6,400.09 14.1
Fertility Treatment 704.86 813.58 935.08 1,070.29 1,220.12 1,385.47 1,567.22 1,766.19 1,983.19 13.6
Global Medical Other General

476.03 525.18 576.94 631.16 687.62 746.10 806.30 867.90 930.54 8.5
Tourism Market Treatments
Total 17,778.31 20,057.59 22,544.62 25,247.67 28,174.17 31,330.59 34,722.33 38,353.58 42,227.23 11.2
and Industry Forecast, Sources: Primary Research, Secondary Research, and AMR Analysis
2018-2025
94
In terms of volume, the cosmetic treatment market was the highest contributor to the medical tourism
market, with 2,098.52 thousand patients in 2017, and is estimated to reach 4,535.03 thousand patients by
2025, at a CAGR of 9.9% during the forecast period. The cancer treatment market is estimated to reach
TABLE 25. NORTH AMERICA MEDICAL TOURISM MARKET, BY TREATMENT, 2017 2025 (NUMBER OF PATIENTS IN THOUSANDS)
CAGR%
TREATMENT TYPE 2017 2018 2019 2020 2021 2022 2023 2024 2025
2018-2025
Cosmetic Treatment 2,098.52 2,337.47 2,594.65 2,870.45 3,165.14 3,478.92 3,811.86 4,163.95 4,535.03 9.9
Cardiovascular
Treatment
156.96 173.55 191.22 209.97 229.79 250.65 272.53 295.40 319.22 9.1
Orthopedic
Treatment
200.81 229.06 260.23 294.50 332.01 372.93 417.39 465.51 517.42 12.3
Neurological
Treatment
146.66 162.84 180.18 198.69 218.38 239.24 261.28 284.46 308.78 9.6
Cancer treatment 415.90 479.35 549.95 628.17 714.45 809.23 912.92 1,025.91 1,148.55 13.3
Fertility Treatment 192.85 221.09 252.39 286.94 324.91 366.47 411.79 461.02 514.29 12.8
Other General
Global Medical Treatments
140.34 151.30 162.39 173.48 184.50 195.31 205.80 215.85 225.33 5.9
Opportunity Analysis Sources: Primary Research, Secondary Research, and AMR Analysis
2018-2025
95
5.2.3.1. U.S. market size and forecast
The U.S. medical tourism market was valued at $7,434.89 million in 2017, and is projected to reach $17,395.93
The U.S. medical tourism market was valued at 1,821.59 thousand patients in 2017, and is projected to reach
3,881.42 thousand patients by 2025, registering a CAGR of 9.7% from 2018 to 2025.
FIGURE 13. U.S. MEDICAL TOURISM MARKET, 2017 2025 ($MILLION)
CAGR (2018-2025) - 11.0%

17,395.93
15,830.06
14,358.38
Revenue ($Million)
12,980.26
11,694.53
10,499.49
9,392.99
8,372.44
7,434.89
Global Medical
Tourism Market 2017 2018 2019 2020 2021 2022 2023 2024 2025

2018-2025
96
FIGURE 14. U.S. MEDICAL TOURISM MARKET, 2017 2025 (NUMBER OF PATIENTS IN THOUSANDS)
CAGR (2018-2025) - 9.7%
Volume (Number of Patients in

3,881.42
3,570.24
3,274.21
2,993.54
Thousands)
2,728.37
2,478.69
2,244.46
2,025.51
1,821.59
2017 2018 2019 2020 2021 2022 2023 2024 2025
Global Medical
Tourism Market
2018-2025
97
5.2.3.2. Canada market size and forecast
The Canada medical tourism market was valued at $951.47 million in 2017, and is projected to reach $2,385.68
The Canada medical tourism market was valued at 269.63 thousand patients in 2017, and is projected to reach
615.59 thousand patients by 2025, registering a CAGR of 10.7% from 2018 to 2025.
FIGURE 15. CANADA MEDICAL TOURISM MARKET, 2017 2025 ($MILLION)
CAGR (2018-2025) - 12.0%
2,385.68
2,152.56
Revenue ($Million)
1,935.83
1,735.08
1,549.79
1,379.41
1,223.34
1,080.92
951.47
Global Medical
Tourism Market 2017 2018 2019 2020 2021 2022 2023 2024 2025

2018-2025
98
FIGURE 16. CANADA MEDICAL TOURISM MARKET, 2017 2025 (NUMBER OF PATIENTS IN THOUSANDS)
CAGR (2018-2025) - 10.7%

615.59

561.45
510.52
462.77
418.16
Thousands)
376.62
338.08
302.45
269.63
2017 2018 2019 2020 2021 2022 2023 2024 2025
Global Medical
Tourism Market
2018-2025
99
5.2.3.3. Mexico market size and forecast
The Mexico medical tourism market was valued at $9,391.95 million in 2017, and is projected to reach
$22,445.62 million by 2025, registering a CAGR of 11.3% from 2018 to 2025.
The Mexico medical tourism market was valued at 2,767.92 thousand patients in 2017, and is projected to
reach 6,032.01 thousand patients by 2025, registering a CAGR of 10.0% from 2018 to 2025.
FIGURE 17. MEXICO MEDICAL TOURISM MARKET, 2017 2025 ($MILLION)
CAGR (2018-2025) - 11.3%

22,445.62
20,370.96
18,428.12
Revenue ($Million)
16,615.25
14,929.84
13,368.76
11,928.29
10,604.23
9,391.95
Global Medical
Tourism Market 2017 2018 2019 2020 2021 2022 2023 2024 2025

2018-2025
100
FIGURE 18. MEXICO MEDICAL TOURISM MARKET, 2017 2025 (NUMBER OF PATIENTS IN THOUSANDS)
CAGR (2018-2025) - 10.0%

6,032.01
5,532.75
5,059.70
4,612.97
4,192.52
Thousands)
3,798.18
3,429.62
3,086.39
2,767.92
2017 2018 2019 2020 2021 2022 2023 2024 2025
Global Medical
Tourism Market
2018-2025
101
5.3. Europe
Europe is the third largest market for medical tourism and has witnessed dynamic growth due to the large
pool of undiagnosed patients and steady drug approvals. In Europe, the treatment patterns are slightly
different from that in the U.S. France, Germany, Turkey, Spain, and Hungary are the most sought-after medical
tourism destinations in Europe. Most of the inbound medical tourists are from Europe. However, Europe hosts
medical tourists from Africa, Asia, and the Middle East. France and Germany offer specialized medical services
assisted by advanced technology and attract numerous patients seeking heart by-pass surgeries, valve
replacement, and brain and spinal surgeries

Europe is known for its strict vigilance over healthcare practices. The process for approval of any drug or
device is lengthy and reliable. However, several drug approvals have been provided, especially for cancer
treatment in the recent years. Europe offers specialized services at costs that are comparatively lower than
North America. It is among the most advanced regions in terms of healthcare research, which attracts several
medical tourists.
Global Medical
Tourism Market
2018-2025
102
The rest of Europe market was the highest contributor to the medical tourism market, with $1,772.43 million
The UK market is estimated to reach $2,639.52 million by 2025 at a CAGR of 14.0%.
TABLE 26. EUROPE MEDICAL TOURISM MARKET, BY COUNTRY, 2017 2025 ($MILLION)
CAGR%
COUNTRY 2017 2018 2019 2020 2021 2022 2023 2024 2025
2018-2025
UK 913.87 1,056.80 1,217.40 1,397.20 1,597.73 1,820.59 2,067.40 2,339.82 2,639.52 14.0
Germany 1,015.26 1,164.86 1,331.64 1,516.90 1,721.98 1,948.21 2,196.94 2,469.54 2,767.33 13.2
France 1,468.90 1,658.68 1,866.18 2,092.22 2,337.57 2,602.91 2,888.90 3,196.09 3,524.96 11.4
Italy 765.07 870.93 987.91 1,116.70 1,258.01 1,412.53 1,580.94 1,763.90 1,962.05 12.3
Spain 648.53 734.93 829.86 933.78 1,047.14 1,170.37 1,303.89 1,448.07 1,603.27 11.8
Rest of Europe 1,772.43 2,005.15 2,260.27 2,538.91 2,842.14 3,171.00 3,526.43 3,909.32 4,320.43 11.6
Total 6,584.06 7,491.35 8,493.27 9,595.71 10,804.57 12,125.62 13,564.52 15,126.75 16,817.57 12.2
Global Medical
Tourism Market
2018-2025
103
In terms of volume, the rest of Europe market was the highest contributor to the medical tourism market, with
482.46 thousand patients in 2017, and is estimated to reach 1,050.21 thousand patients by 2025, at a CAGR of
11.0% during the forecast period. The UK market is estimated to reach $545.00 million by 2025 at a CAGR of
12.5%.
TABLE 27. EUROPE MEDICAL TOURISM MARKET, BY COUNTRY, 2017 2025 (NUMBER OF PATIENTS IN THOUSANDS)
CAGR%
COUNTRY 2017 2018 2019 2020 2021 2022 2023 2024 2025
2018-2025
UK 208.72 238.22 270.89 306.94 346.58 390.00 437.42 489.02 545.00 12.5
Germany 238.09 269.28 303.51 340.95 381.75 426.09 474.09 525.92 581.69 11.6
France 386.37 429.79 476.45 526.42 579.75 636.47 696.58 760.09 826.96 9.8
Italy 205.98 230.94 258.07 287.43 319.12 353.21 389.76 428.82 470.45 10.7
Spain 175.98 196.47 218.60 242.42 267.98 295.31 324.44 355.40 388.18 10.2
Rest of Europe 482.46 537.75 597.36 661.38 729.91 803.02 880.76 963.16 1,050.21 10.0
Total 1,697.60 1,902.45 2,124.87 2,365.55 2,625.10 2,904.10 3,203.05 3,522.40 3,862.50 10.6
Global Medical
Tourism Market
2018-2025
104
TABLE 28. EUROPE MEDICAL TOURISM MARKET, BY TREATMENT, 2017 2025 ($MILLION)
CAGR%
TREATMENT TYPE 2017 2018 2019 2020 2021 2022 2023 2024 2025
2018-2025
Cardiovascular
Treatment
241.81 273.33 307.84 345.49 386.41 430.74 478.59 530.07 585.27 11.5
Orthopedic
Treatment
291.04 338.03 391.03 450.60 517.28 591.66 674.32 765.86 866.90 14.4
Neurological
Treatment
250.05 283.75 320.84 361.51 405.96 454.36 506.91 563.75 625.06 11.9
Cancer treatment 801.29 937.51 1,092.13 1,266.93 1,463.73 1,684.44 1,931.01 2,205.48 2,509.88 15.1

Treatments
173.60 193.15 214.02 236.21 259.66 284.33 310.16 337.06 364.92 9.5
2018-2025
105
market, with 741.14 thousand patients in 2017, and is estimated to reach 1,679.39 thousand patients by 2025,
at a CAGR of 10.6% during the forecast period. The cancer treatment market is estimated to reach 422.25
TABLE 29. EUROPE MEDICAL TOURISM MARKET, BY TREATMENT, 2017 2025 (NUMBER OF PATIENTS IN THOUSANDS)
CAGR%
TREATMENT TYPE 2017 2018 2019 2020 2021 2022 2023 2024 2025
2018-2025
Dental Treatment 517.58 573.27 632.73 695.99 763.02 833.80 908.27 986.32 1,067.85 9.3
Cosmetic Treatment 741.14 830.15 926.73 1,031.16 1,143.71 1,264.62 1,394.09 1,532.30 1,679.39 10.6
Cardiovascular
Treatment
54.95 61.11 67.73 74.81 82.37 90.40 98.91 107.90 117.36 9.8
Orthopedic
Treatment
70.31 80.66 92.17 104.93 119.01 134.50 151.48 170.03 190.22 13.0
Neurological
Treatment
51.35 57.34 63.82 70.79 78.28 86.29 94.83 103.90 113.52 10.2
Cancer treatment 145.61 168.79 194.79 223.82 256.10 291.86 331.33 374.72 422.25 14.0
Other General
49.13 53.28 57.52 61.81 66.13 70.44 74.69 78.84 82.84 6.5
Tourism Market Total 1,697.60 1,902.45 2,365.55 2,625.10 2,904.10 3,203.05 3,522.40 3,862.50 10.6
2,124.87
2018-2025
106
5.3.3.1. UK market size and forecast
The UK medical tourism market was valued at $913.87 million in 2017, and is projected to reach $2,639.52
The UK medical tourism market was valued at 208.72 thousand patients in 2017, and is projected to reach
FIGURE 19. UK MEDICAL TOURISM MARKET, 2017 2025 ($MILLION)
CAGR (2018-2025) - 14.0%

2,639.52
2,339.82
Revenue ($Million)
2,067.40
1,820.59
1,597.73
1,397.20
1,217.40
1,056.80
913.87
Global Medical
Tourism Market 2017 2018 2019 2020 2021 2022 2023 2024 2025

2018-2025
107
FIGURE 20. UK MEDICAL TOURISM MARKET, 2017 2025 (NUMBER OF PATIENTS IN THOUSANDS)
CAGR (2018-2025) - 12.5%

545.00

489.02
437.42
390.00
Thousands)
346.58
306.94
270.89
238.22
208.72
2017 2018 2019 2020 2021 2022 2023 2024 2025
Global Medical
Tourism Market
2018-2025
108
5.3.3.2. Germany market size and forecast
The Germany medical tourism market was valued at $1,015.26 million in 2017, and is projected to reach
The Germany medical tourism market was valued at 238.09 thousand patients in 2017, and is projected to
reach 581.69 thousand patients by 2025, registering a CAGR of 11.6% from 2018 to 2025.
FIGURE 21. GERMANY MEDICAL TOURISM MARKET, 2017 2025 ($MILLION)
CAGR (2018-2025) - 13.2%

2,767.33
2,469.54
2,196.94
Revenue ($Million)
1,948.21
1,721.98
1,516.90
1,331.64
1,164.86
1,015.26
Global Medical
Tourism Market 2017 2018 2019 2020 2021 2022 2023 2024 2025

2018-2025
109
FIGURE 22. GERMANY MEDICAL TOURISM MARKET, 2017 2025 (NUMBER OF PATIENTS IN THOUSANDS)
CAGR (2018-2025) - 11.6%

581.69
525.92
474.09
426.09
Thousands)
381.75
340.95
303.51
269.28
238.09
2017 2018 2019 2020 2021 2022 2023 2024 2025
Global Medical
Tourism Market
2018-2025
110
5.3.3.3. France market size and forecast
The France medical tourism market was valued at $1,468.90 million in 2017, and is projected to reach
The France medical tourism market was valued at 386.37 thousand patients in 2017, and is projected to reach
FIGURE 23. FRANCE MEDICAL TOURISM MARKET, 2017 2025 ($MILLION)
CAGR (2018-2025) - 11.4%

3,524.96
3,196.09
2,888.90
Revenue ($Million)
2,602.91
2,337.57
2,092.22
1,866.18
1,658.68
1,468.90
Global Medical
Tourism Market 2017 2018 2019 2020 2021 2022 2023 2024 2025

2018-2025
111
FIGURE 24. FRANCE MEDICAL TOURISM MARKET, 2017 2025 (NUMBER OF PATIENTS IN THOUSANDS)
CAGR (2018-2025) - 9.8%

826.96

760.09
696.58
636.47
579.75
Thousands)
526.42
476.45
429.79
386.37
2017 2018 2019 2020 2021 2022 2023 2024 2025
Global Medical
Tourism Market
2018-2025
112
5.3.3.4. Italy market size and forecast
The Italy medical tourism market was valued at $765.07 million in 2017, and is projected to reach $1,962.05
The Italy medical tourism market was valued at 205.98 thousand patients in 2017, and is projected to reach
FIGURE 25. ITALY MEDICAL TOURISM MARKET, 2017 2025 ($MILLION)
CAGR (2018-2025) - 12.3%
1,962.05
1,763.90
Revenue ($Million)
1,580.94
1,412.53
1,258.01
1,116.70
987.91
870.93
765.07
Global Medical
Tourism Market 2017 2018 2019 2020 2021 2022 2023 2024 2025

2018-2025
113
FIGURE 26. ITALY MEDICAL TOURISM MARKET, 2017 2025 (NUMBER OF PATIENTS IN THOUSANDS)
CAGR (2018-2025) - 10.7%

470.45

428.82
389.76
353.21
319.12
Thousands)
287.43
258.07
230.94
205.98
2017 2018 2019 2020 2021 2022 2023 2024 2025
Global Medical
Tourism Market
2018-2025
114
5.3.3.5. Spain market size and forecast
The Spain medical tourism market was valued at $648.53 million in 2017, and is projected to reach $1,603.27
The Spain medical tourism market was valued at 175.98 thousand patients in 2017, and is projected to reach
FIGURE 27. SPAIN MEDICAL TOURISM MARKET, 2017 2025 ($MILLION)
CAGR (2018-2025) - 11.8%

1,603.27
1,448.07
1,303.89
Revenue ($Million)
1,170.37
1,047.14
933.78
829.86
734.93
648.53
Global Medical
Tourism Market 2017 2018 2019 2020 2021 2022 2023 2024 2025

2018-2025
115
FIGURE 28. SPAIN MEDICAL TOURISM MARKET, 2017 2025 (NUMBER OF PATIENTS IN THOUSANDS)
CAGR (2018-2025) - 10.2%

388.18
355.40
324.44
295.31
267.98
Thousands)
242.42
218.60
196.47
175.98
2017 2018 2019 2020 2021 2022 2023 2024 2025
Global Medical
Tourism Market
2018-2025
116
5.3.3.6. Rest of Europe market size and forecast
The rest of Europe medical tourism market was valued at $1,772.43 million in 2017, and is projected to reach
The rest of Europe medical tourism market was valued at 482.46 thousand patients in 2017, and is projected
to reach 1,050.21 thousand patients by 2025, registering a CAGR of 10.0% from 2018 to 2025.
FIGURE 29. REST OF EUROPE MEDICAL TOURISM MARKET, 2017 2025 ($MILLION)
CAGR (2018-2025) - 11.6%
4,320.43
3,909.32
3,526.43
Revenue ($Million)
3,171.00
2,842.14
2,538.91
2,260.27
2,005.15
1,772.43
Global Medical
Tourism Market 2017 2018 2019 2020 2021 2022 2023 2024 2025

2018-2025
117
FIGURE 30. REST OF EUROPE MEDICAL TOURISM MARKET, 2017 2025 (NUMBER OF PATIENTS IN THOUSANDS)
CAGR (2018-2025) - 10.0%

1,050.21

963.16
880.76
803.02
729.91
Thousands)
661.38
597.36
537.75
482.46
2017 2018 2019 2020 2021 2022 2023 2024 2025
Global Medical
Tourism Market
2018-2025
118
5.4. Asia-Pacific
Asia-Pacific is an emerging market with the largest inbound medical tourism patient population. The market is
expected to grow at a considerable pace, owing to the availability of good quality care at a cost less than 70%
of the cost of services in North America.
In this region, treatment patterns are not effectively established as that of North America or Europe. However,
in popular medical tourism destinations such as India, Thailand, South Korea, Singapore, and Malaysia, the
medical services offered are usually at par with the developed regions in terms of quality. Medical personnel
from Asia have gained recognition as experts in the global healthcare provider community, resulting in more
medical tourists traveling to Asia for good quality healthcare at affordable prices.

The Asia-Pacific region exhibits potential opportunities for drug innovators. Unlike the North America and
Europe medical tourism markets, Asia-Pacific is expected to grow at a significant pace with rapidly emerging
treatments in the medical tourism sector. Economic factors, such as rise in disposable incomes, rapid
urbanization, increase in geriatric population, improved regulations, and favorable reimbursements policies
drive the market in this region.
Global Medical 5.4.2. Market size and forecast, by country

Tourism Market The Thailand market was the highest contributor to the medical tourism market, with $6,654.27 million in
Opportunity Analysis 2017, and is estimated to reach $18,813.74 million by 2025, at a CAGR of 13.7% during the forecast period.
2018-2025 The Taiwan market is estimated to reach $2,014.96 million by 2025 at a CAGR of 17.5%.
119
TABLE 30. ASIA-PACIFIC MEDICAL TOURISM MARKET, BY COUNTRY, 2017 2025 ($MILLION)
CAGR%
COUNTRY 2017 2018 2019 2020 2021 2022 2023 2024 2025
2018-2025
India 2,380.76 2,820.84 3,328.33 3,911.22 4,578.09 5,338.15 6,201.21 7,177.73 8,278.79 16.6
China 662.43 760.59 869.94 991.27 1,125.40 1,273.13 1,435.24 1,612.51 1,805.69 13.1
Indonesia 115.81 133.92 154.27 177.08 202.53 230.84 262.22 296.90 335.08 14.0
Singapore 3,460.10 3,980.98 4,562.84 5,210.34 5,928.22 6,721.27 7,594.25 8,551.93 9,599.01 13.4
Malaysia 1,461.66 1,711.27 1,995.85 2,319.10 2,684.96 3,097.58 3,561.34 4,080.86 4,660.96 15.4
Thailand 6,654.27 7,673.24 8,814.86 10,089.11 11,506.21 13,076.61 14,810.89 16,719.70 18,813.74 13.7
South Korea 1,090.18 1,266.47 1,465.76 1,690.24 1,942.19 2,224.01 2,538.16 2,887.22 3,273.84 14.5
Taiwan 546.42 653.03 776.86 920.06 1,084.98 1,274.14 1,490.23 1,736.14 2,014.96 17.5
Rest of Asia-Pacific 272.36 310.25 351.96 397.69 447.61 501.86 560.57 623.84 691.75 12.1
Total 16,644.00 19,310.58 22,320.67 25,706.12 29,500.21 33,737.57 38,454.11 43,686.84 49,473.81 14.4
Global Medical
Tourism Market
2018-2025
120
In terms of volume, the Thailand market was the highest contributor to the medical tourism market, with
1,931.69 thousand patients in 2017, and is estimated to reach 4,863.84 thousand patients by 2025, at a CAGR
of 12.0% during the forecast period. The Taiwan market is estimated to reach 520.58 thousand patients by
2025 at a CAGR of 15.8%.
TABLE 31. ASIA-PACIFIC MEDICAL TOURISM MARKET, BY COUNTRY, 2017 2025 (NUMBER OF PATIENTS IN THOUSANDS)
CAGR%
COUNTRY 2017 2018 2019 2020 2021 2022 2023 2024 2025
2018-2025
India 690.31 805.51 936.23 1,084.00 1,250.42 1,437.17 1,645.99 1,878.70 2,137.18 15.0
China 170.66 192.73 216.86 243.14 271.66 302.50 335.73 371.40 409.57 11.4
Indonesia 34.64 39.45 44.77 50.64 57.09 64.15 71.85 80.23 89.31 12.4
Singapore 1,008.77 1,143.12 1,290.73 1,452.31 1,628.57 1,820.18 2,027.76 2,251.90 2,493.16 11.8
Malaysia 438.23 505.14 580.18 664.04 757.44 861.12 975.83 1,102.36 1,241.48 13.7
Thailand 1,931.69 2,193.80 2,482.63 2,799.79 3,146.84 3,525.31 3,936.70 4,382.42 4,863.84 12.0
South Korea 319.25 365.25 416.41 473.12 535.77 604.74 680.43 763.25 853.60 12.9
Taiwan 158.60 186.67 218.74 255.24 296.61 343.33 395.89 454.79 520.58 15.8
Rest of Asia-Pacific 68.36 76.47 85.21 94.57 104.56 115.17 126.39 138.20 150.56 10.2
Global Medical Total 4,820.51 5,508.13 6,271.76 7,116.86 8,048.97 9,073.67 10,196.57 11,423.26 12,759.28 12.8
Tourism Market Sources: Primary Research, Secondary Research, and AMR Analysis
2018-2025
121
TABLE 32. ASIA-PACIFIC MEDICAL TOURISM MARKET, BY TREATMENT, 2017 2025 ($MILLION)
CAGR%
TREATMENT TYPE 2017 2018 2019 2020 2021 2022 2023 2024 2025
2018-2025
Cosmetic
Treatment
7,003.80 8,120.49 9,380.06 10,795.61 12,380.79 14,149.80 16,117.32 18,298.47 20,708.76 14.3
Cardiovascular
Treatment
614.84 708.84 814.13 931.61 1,062.21 1,206.88 1,366.58 1,542.29 1,734.96 13.6
Orthopedic
Treatment
740.01 876.62 1,034.14 1,215.03 1,421.94 1,657.75 1,925.47 2,228.35 2,569.82 16.6
Neurological
Treatment
635.78 735.86 848.50 974.80 1,115.93 1,273.07 1,447.44 1,640.30 1,852.92 14.1
Fertility Treatment 653.56 775.96 917.37 1,080.07 1,266.52 1,479.37 1,721.44 1,995.75 2,305.50 16.8

441.39 500.90 566.01 636.92 713.77 796.66 885.65 980.71 1,081.77 11.6
Total 16,644.00 19,310.58 22,320.67 25,706.12 29,500.21 33,737.57 38,454.11 43,686.84 49,473.81 14.4
2018-2025
122
TABLE 33. ASIA-PACIFIC MEDICAL TOURISM MARKET, BY TREATMENT, 2017 2025 (NUMBER OF PATIENTS IN THOUSANDS)
CAGR%
TREATMENT TYPE 2017 2018 2019 2020 2021 2022 2023 2024 2025
2018-2025
Cardiovascular
Treatment
151.03 171.38 193.78 218.34 245.17 274.39 306.10 340.41 377.40 11.9
Orthopedic
Treatment
193.23 226.20 263.71 306.23 354.24 408.26 468.80 536.43 611.73 15.3
Neurological
Treatment
141.12 160.81 182.59 206.61 233.00 261.91 293.46 327.80 365.06 12.4
Cancer treatment 400.19 473.36 557.30 653.20 762.29 885.89 1,025.38 1,182.21 1,357.88 16.2
Other General
135.04 149.41 164.56 180.40 196.85 213.81 231.16 248.74 266.40 8.6
2018-2025
123
5.4.3.1. India market size and forecast
The India medical tourism market was valued at $2,380.76 million in 2017, and is projected to reach $8,278.79
The India medical tourism market was valued at 690.31 thousand patients in 2017, and is projected to reach
FIGURE 31. INDIA MEDICAL TOURISM MARKET, 2017 2025 ($MILLION)
CAGR (2018-2025) - 16.6%

8,278.79
7,177.73
Revenue ($Million)
6,201.21
5,338.15
4,578.09
3,911.22
3,328.33
2,820.84
2,380.76
Global Medical
Tourism Market 2017 2018 2019 2020 2021 2022 2023 2024 2025

2018-2025
124
FIGURE 32. INDIA MEDICAL TOURISM MARKET, 2017 2025 (NUMBER OF PATIENTS IN THOUSANDS)
CAGR (2018-2025) - 15.0%

2,137.18
1,878.70
1,645.99
Thousands)
1,437.17
1,250.42
1,084.00
936.23
805.51
690.31
2017 2018 2019 2020 2021 2022 2023 2024 2025
Global Medical
Tourism Market
2018-2025
125
5.4.3.2. China market size and forecast
The China medical tourism market was valued at $662.43 million in 2017, and is projected to reach $1,805.69
The China medical tourism market was valued at 170.66 thousand patients in 2017, and is projected to reach
FIGURE 33. CHINA MEDICAL TOURISM MARKET, 2017 2025 ($MILLION)
CAGR (2018-2025) - 13.1%

1,805.69
1,612.51
1,435.24
Revenue ($Million)
1,273.13
1,125.40
991.27
869.94
760.59
662.43
Global Medical
Tourism Market 2017 2018 2019 2020 2021 2022 2023 2024 2025

2018-2025
126
FIGURE 34. CHINA MEDICAL TOURISM MARKET, 2017 2025 (NUMBER OF PATIENTS IN THOUSANDS)
CAGR (2018-2025) - 11.4%

409.57

371.40
335.73
302.50
271.66
Thousands)
243.14
216.86
192.73
170.66
2017 2018 2019 2020 2021 2022 2023 2024 2025
Global Medical
Tourism Market
2018-2025
127
5.4.3.3. Indonesia market size and forecast
The Indonesia medical tourism market was valued at $115.81 million in 2017, and is projected to reach
$335.08 million by 2025, registering a CAGR of 14.0% from 2018 to 2025.
The Indonesia medical tourism market was valued at 34.64 thousand patients in 2017, and is projected to
FIGURE 35. INDONESIA MEDICAL TOURISM MARKET, 2017 2025 ($MILLION)
CAGR (2018-2025) - 14.0%
335.08
296.90
Revenue ($Million)
262.22
230.84
202.53
177.08
154.27
133.92
115.81
Global Medical
Tourism Market 2017 2018 2019 2020 2021 2022 2023 2024 2025

2018-2025
128
FIGURE 36. INDONESIA MEDICAL TOURISM MARKET, 2017 2025 (NUMBER OF PATIENTS IN THOUSANDS)
CAGR (2018-2025) - 12.4%

89.31

80.23
71.85
64.15
Thousands)
57.09
50.64
44.77
39.45
34.64
2017 2018 2019 2020 2021 2022 2023 2024 2025
Global Medical
Tourism Market
2018-2025
129
5.4.3.4. Singapore market size and forecast
The Singapore medical tourism market was valued at $3,460.10 million in 2017, and is projected to reach
The Singapore medical tourism market was valued at 1,008.77 thousand patients in 2017, and is projected to
FIGURE 37. SINGAPORE MEDICAL TOURISM MARKET, 2017 2025 ($MILLION)
CAGR (2018-2025) - 13.4%
9,599.01
8,551.93
Revenue ($Million)
7,594.25
6,721.27
5,928.22
5,210.34
4,562.84
3,980.98
3,460.10
Global Medical
Tourism Market 2017 2018 2019 2020 2021 2022 2023 2024 2025

2018-2025
130
FIGURE 38. SINGAPORE MEDICAL TOURISM MARKET, 2017 2025 (NUMBER OF PATIENTS IN THOUSANDS)
CAGR (2018-2025) - 11.8%

2,493.16
2,251.90
2,027.76
1,820.18
Thousands)
1,628.57
1,452.31
1,290.73
1,143.12
1,008.77
2017 2018 2019 2020 2021 2022 2023 2024 2025
Global Medical
Tourism Market
2018-2025
131
5.4.3.5. Malaysia market size and forecast
The Malaysia medical tourism market was valued at $1,461.66 million in 2017, and is projected to reach
The Malaysia medical tourism market was valued at 438.23 thousand patients in 2017, and is projected to
FIGURE 39. MALAYSIA MEDICAL TOURISM MARKET, 2017 2025 ($MILLION)
CAGR (2018-2025) - 15.4%

4,660.96
4,080.86
3,561.34
Revenue ($Million)
3,097.58
2,684.96
2,319.10
1,995.85
1,711.27
1,461.66
Global Medical
Tourism Market 2017 2018 2019 2020 2021 2022 2023 2024 2025

2018-2025
132
FIGURE 40. MALAYSIA MEDICAL TOURISM MARKET, 2017 2025 (NUMBER OF PATIENTS IN THOUSANDS)
CAGR (2018-2025) - 13.7%

1,241.48

1,102.36
975.83
861.12
Thousands)
757.44
664.04
580.18
505.14
438.23
2017 2018 2019 2020 2021 2022 2023 2024 2025
Global Medical
Tourism Market
2018-2025
133
5.4.3.6. Thailand market size and forecast
The Thailand medical tourism market was valued at $6,654.27 million in 2017, and is projected to reach
The Thailand medical tourism market was valued at 1,931.69 thousand patients in 2017, and is projected to
FIGURE 41. THAILAND MEDICAL TOURISM MARKET, 2017 2025 ($MILLION)
CAGR (2018-2025) - 13.7

18,813.74
16,719.70
14,810.89
Revenue ($Million)
13,076.61
11,506.21
10,089.11
8,814.86
7,673.24
6,654.27
Global Medical
Tourism Market 2017 2018 2019 2020 2021 2022 2023 2024 2025

2018-2025
134
FIGURE 42. THAILAND MEDICAL TOURISM MARKET, 2017 2025 (NUMBER OF PATIENTS IN THOUSANDS)
CAGR (2018-2025) - 12.0%

4,863.84
4,382.42
3,936.70
3,525.31
Thousands)
3,146.84
2,799.79
2,482.63
2,193.80
1,931.69
2017 2018 2019 2020 2021 2022 2023 2024 2025
Global Medical
Tourism Market
2018-2025
135
5.4.3.7. South Korea market size and forecast
The South Korea medical tourism market was valued at $1,090.18 million in 2017, and is projected to reach
The South Korea medical tourism market was valued at 319.25 thousand patients in 2017, and is projected to
FIGURE 43. SOUTH KOREA MEDICAL TOURISM MARKET, 2017 2025 ($MILLION)
CAGR (2018-2025) - 14.5%

3,273.84
2,887.22
2,538.16
Revenue ($Million)
2,224.01
1,942.19
1,690.24
1,465.76
1,266.47
1,090.18
Global Medical
Tourism Market 2017 2018 2019 2020 2021 2022 2023 2024 2025

2018-2025
136
FIGURE 44. SOUTH KOREA MEDICAL TOURISM MARKET, 2017 2025 (NUMBER OF PATIENTS IN THOUSANDS)
CAGR (2018-2025) - 12.9%

853.60

763.25
680.43
604.74
535.77
Thousands)
473.12
416.41
365.25
319.25
2017 2018 2019 2020 2021 2022 2023 2024 2025
Global Medical
Tourism Market
2018-2025
137
5.4.3.8. Taiwan market size and forecast
The Taiwan medical tourism market was valued at $546.42 million in 2017, and is projected to reach $2,014.96
The Taiwan medical tourism market was valued at 158.60 thousand patients in 2017, and is projected to reach
FIGURE 45. TAIWAN MEDICAL TOURISM MARKET, 2017 2025 ($MILLION)
CAGR (2018-2025) - 17.5%
2,014.96
Revenue ($Million)
1,736.14
1,490.23
1,274.14
1,084.98
920.06
776.86
653.03
546.42
Global Medical
Tourism Market 2017 2018 2019 2020 2021 2022 2023 2024 2025

2018-2025
138
FIGURE 46. TAIWAN MEDICAL TOURISM MARKET, 2017 2025 (NUMBER OF PATIENTS IN THOUSANDS)
CAGR (2018-2025) - 15.8%

520.58
454.79
395.89
Thousands)
343.33
296.61
255.24
218.74
186.67
158.60
2017 2018 2019 2020 2021 2022 2023 2024 2025
Global Medical
Tourism Market
2018-2025
139
5.4.3.9. Rest of Asia-Pacific market size and forecast
The rest of Asia-Pacific medical tourism market was valued at $272.36 million in 2017, and is projected to
reach $691.75 million by 2025, registering a CAGR of 12.1% from 2018 to 2025.
The rest of Europe medical tourism market was valued at 68.36 thousand patients in 2017, and is projected to
CAGR (2018-2025) - 12.1%
691.75
623.84
560.57
Revenue ($Million)
501.86
447.61
397.69
351.96
310.25
272.36
Global Medical
Tourism Market 2017 2018 2019 2020 2021 2022 2023 2024 2025

2018-2025
140
CAGR (2018-2025) - 10.2%

150.56

138.20
126.39
115.17
104.56
Thousands)
94.57
85.21
76.47
68.36
2017 2018 2019 2020 2021 2022 2023 2024 2025
Global Medical
Tourism Market
2018-2025
141
5.5. LAMEA
The LAMEA region comprises Latin America, the Middle East, and Africa. This region offers good quality care
at affordable rates. Currency exchange rates help create an advantageous position for the countries in this
region, thus attracting medical tourists from North America and Europe.
In addition to South Africa and UAE, Latin America and Caribbean islands are major destinations of medical
tourism. Latin America is popular for cosmetic treatments; however, this region offers orthopedic treatment,
bariatric surgeries, and other general treatments as well. South Africa is a key destination for most African
medical tourists who can afford international travel. Moreover, UAE offers medical services to patients from
the neighboring Middle Eastern and North African countries

Support from the local government, relaxed visa regulations, and investments in developing medical facilities
are expected to drive the medical tourism market in LAMEA. Inadequate healthcare facilities, owing to lack of
medical personnel, are major challenges faced by medical service providers in LAMEA. Moreover, the presence
of JCI accredited facilities in countries such as Brazil, also serve as a growth factor for the medical tourism
market in this region. Some of the JCI accredited facilities in Brazil include Hospital Do Coração (), Omint
Saúde e Seguros (Omint Health and Insurance- Ontological Clinic) and others.
Global Medical
Tourism Market
2018-2025
142
The rest of LAMEA market was the highest contributor to the medical tourism market, with $4,998.24 million
The Venezuela market is estimated to reach $1,286.21 million by 2025 at a CAGR of 14.9%.
TABLE 34. LAMEA MEDICAL TOURISM MARKET, BY COUNTRY, 2017 2025 ($MILLION)
CAGR%
COUNTRY 2017 2018 2019 2020 2021 2022 2023 2024 2025
2018-2025
Brazil 2,371.41 2,700.50 3,064.15 3,464.55 3,903.83 4,384.12 4,907.48 5,475.90 6,091.29 12.3
Venezuela 417.21 486.35 564.80 653.48 753.37 865.50 990.93 1,130.78 1,286.21 14.9
Costa Rica 1,014.34 1,170.14 1,345.04 1,540.69 1,758.82 2,001.21 2,269.68 2,566.10 2,892.40 13.8
UAE 1,968.44 2,277.86 2,626.37 3,017.55 3,455.08 3,942.84 4,484.82 5,085.15 5,748.05 14.1
South Africa 1,991.74 2,288.47 2,620.08 2,989.36 3,399.21 3,852.58 4,352.49 4,901.98 5,504.16 13.4
Rest of LAMEA 4,998.24 5,722.35 6,528.06 7,421.43 8,408.62 9,495.84 10,689.37 11,995.49 13,420.42 12.9
Total 12,761.38 14,645.67 16,748.50 19,087.06 21,678.94 24,542.10 27,694.77 31,155.41 34,942.53 13.2
Global Medical
Tourism Market
2018-2025
143
In terms of volume, the rest of LAMEA market was the highest contributor to the medical tourism market, with
1,481.86 thousand patients in 2017, and is estimated to reach 3,443.54 thousand patients by 2025, at a CAGR
of 10.9% during the forecast period. The Venezuela market is estimated to reach 358.93 thousand patients by
2025 at a CAGR of 12.7%.
TABLE 35. LAMEA MEDICAL TOURISM MARKET, BY COUNTRY, 2017 2025 (NUMBER OF PATIENTS IN THOUSANDS)
CAGR%
COUNTRY 2017 2018 2019 2020 2021 2022 2023 2024 2025
2018-2025
Brazil 666.93 744.99 829.38 920.26 1,017.82 1,122.19 1,233.48 1,351.76 1,477.09 10.3
Venezuela 135.83 155.18 176.66 200.43 226.63 255.43 286.97 321.42 358.93 12.7
Costa Rica 310.91 351.92 397.02 446.43 500.40 559.16 622.94 691.96 766.43 11.8
UAE 593.85 674.31 763.08 860.68 967.65 1,084.52 1,211.79 1,349.98 1,499.58 12.1
South Africa 606.39 683.73 768.37 860.70 961.08 1,069.88 1,187.43 1,314.07 1,450.10 11.3
Rest of LAMEA 1,481.86 1,664.91 1,864.35 2,080.91 2,315.30 2,568.17 2,840.14 3,131.77 3,443.54 10.9
Total 3,795.75 4,275.04 4,798.85 5,369.41 5,988.89 6,659.34 7,382.75 8,160.96 8,995.67 11.2
Global Medical
Tourism Market
2018-2025
144
TABLE 36. LAMEA MEDICAL TOURISM MARKET, BY TREATMENT, 2017 2025 ($MILLION)
CAGR%
TREATMENT TYPE 2017 2018 2019 2020 2021 2022 2023 2024 2025
2018-2025
Cosmetic
Treatment
5,216.41 5,982.57 6,836.90 7,786.22 8,837.52 9,997.91 11,274.57 12,674.78 14,205.82 13.1
Cardiovascular
Treatment
491.17 559.87 635.90 719.73 811.82 912.66 1,022.72 1,142.43 1,272.23 12.4
Orthopedic
Treatment
591.16 692.39 807.74 938.68 1,086.76 1,253.62 1,440.97 1,650.62 1,884.43 15.4
Neurological
Treatment
507.90 581.21 662.74 753.10 852.88 962.72 1,083.22 1,215.03 1,358.74 12.9
Fertility Treatment 522.10 612.89 716.54 834.42 967.98 1,118.73 1,288.28 1,478.32 1,690.61 15.6

352.60 395.63 442.10 492.06 545.52 602.45 662.79 726.44 793.26 10.4
Total 12,761.38 14,645.67 16,748.50 19,087.06 21,678.94 24,542.10 27,694.77 31,155.41 34,942.53 13.2
2018-2025
145
TABLE 37. LAMEA MEDICAL TOURISM MARKET, BY TREATMENT, 2017 2025 (NUMBER OF PATIENTS IN THOUSANDS)
CAGR%
TREATMENT TYPE 2017 2018 2019 2020 2021 2022 2023 2024 2025
2018-2025
Cardiovascular
Treatment
131.03 146.48 163.20 181.23 200.61 221.36 243.52 267.10 292.12 10.4
Orthopedic
Treatment
167.63 193.33 222.09 254.18 289.85 329.35 372.95 420.91 473.50 13.7
Neurological
Treatment
122.43 137.44 153.77 171.49 190.65 211.29 233.46 257.21 282.57 10.8
Cancer treatment 347.18 404.57 469.35 542.18 623.72 714.67 815.73 927.62 1,051.05 14.6
Other General
117.15 127.70 138.59 149.74 161.07 172.49 183.89 195.17 206.20 7.1
2018-2025
146
5.5.3.1. Brazil market size and forecast
The Brazil medical tourism market was valued at $2,371.41 million in 2017, and is projected to reach $6,091.29
The Brazil medical tourism market was valued at 666.93 thousand patients in 2017, and is projected to reach
FIGURE 49. BRAZIL MEDICAL TOURISM MARKET, 2017 2025 ($MILLION)
CAGR (2018-2025) - 12.3%

6,091.29
5,475.90
4,907.48
Revenue ($Million)
4,384.12
3,903.83
3,464.55
3,064.15
2,700.50
2,371.41
Global Medical
Tourism Market 2017 2018 2019 2020 2021 2022 2023 2024 2025

2018-2025
147
FIGURE 50. BRAZIL MEDICAL TOURISM MARKET, 2017 2025 (NUMBER OF PATIENTS IN THOUSANDS)
CAGR (2018-2025) - 10.3%

1,477.09

1,351.76
1,233.48
1,122.19
1,017.82
Thousands)
920.26
829.38
744.99
666.93
2017 2018 2019 2020 2021 2022 2023 2024 2025
Global Medical
Tourism Market
2018-2025
148
5.5.3.2. Venezuela market size and forecast
The Venezuela medical tourism market was valued at $417.21 million in 2017, and is projected to reach
The Venezuela medical tourism market was valued at 135.83 thousand patients in 2017, and is projected to
FIGURE 51. VENEZUELA MEDICAL TOURISM MARKET, 2017 2025 ($MILLION)
CAGR (2018-2025) - 14.9%

1,286.21
1,130.78
990.93
Revenue ($Million)
865.50
753.37
653.48
564.80
486.35
417.21
Global Medical
Tourism Market 2017 2018 2019 2020 2021 2022 2023 2024 2025

2018-2025
149
FIGURE 52. VENEZUELA MEDICAL TOURISM MARKET, 2017 2025 (NUMBER OF PATIENTS IN THOUSANDS)
CAGR (2018-2025) - 12.7%

358.93

321.42
286.97
255.43
Thousands)
226.63
200.43
176.66
155.18
135.83
2017 2018 2019 2020 2021 2022 2023 2024 2025
Global Medical
Tourism Market
2018-2025
150
5.5.3.3. Costa Rica market size and forecast
The Cost Rica medical tourism market was valued at $1,014.34 million in 2017, and is projected to reach
The Cost Rica medical tourism market was valued at 310.91 thousand patients in 2017, and is projected to
FIGURE 53. COSTA RICA MEDICAL TOURISM MARKET, 2017 2025 ($MILLION)
CAGR (2018-2025) - 13.8%
2,892.40
2,566.10
Revenue ($Million)
2,269.68
2,001.21
1,758.82
1,540.69
1,345.04
1,170.14
1,014.34
Global Medical
Tourism Market 2017 2018 2019 2020 2021 2022 2023 2024 2025

2018-2025
151
FIGURE 54. COSTA RICA MEDICAL TOURISM MARKET, 2017 2025 (NUMBER OF PATIENTS IN THOUSANDS)
CAGR (2018-2025) - 11.8%

766.43
691.96
622.94
559.16
Thousands)
500.40
446.43
397.02
351.92
310.91
2017 2018 2019 2020 2021 2022 2023 2024 2025
Global Medical
Tourism Market
2018-2025
152
5.5.3.4. UAE market size and forecast
The UAE medical tourism market was valued at $1,968.44 million in 2017, and is projected to reach $5,748.05
The UAE medical tourism market was valued at 593.85 thousand patients in 2017, and is projected to reach
FIGURE 55. UAE MEDICAL TOURISM MARKET, 2017 2025 ($MILLION)
CAGR (2018-2025) - 14.1%
5,748.05
5,085.15
Revenue ($Million)
4,484.82
3,942.84
3,455.08
3,017.55
2,626.37
2,277.86
1,968.44
Global Medical
Tourism Market 2017 2018 2019 2020 2021 2022 2023 2024 2025

2018-2025
153
FIGURE 56. UAE MEDICAL TOURISM MARKET, 2017 2025 (NUMBER OF PATIENTS IN THOUSANDS)
CAGR (2018-2025) - 12.1%

1,499.58

1,349.98
1,211.79
1,084.52
967.65
Thousands)
860.68
763.08
674.31
593.85
2017 2018 2019 2020 2021 2022 2023 2024 2025
Global Medical
Tourism Market
2018-2025
154
5.5.3.5. South Africa market size and forecast
The South Africa medical tourism market was valued at $1,991.74 million in 2017, and is projected to reach
The South Africa medical tourism market was valued at 606.39 thousand patients in 2017, and is projected to
FIGURE 57. SOUTH AFRICA MEDICAL TOURISM MARKET, 2017 2025 ($MILLION)
CAGR (2018-2025) - 13.4%

5,504.16
4,901.98
4,352.49
Revenue ($Million)
3,852.58
3,399.21
2,989.36
2,620.08
2,288.47
1,991.74
Global Medical
Tourism Market 2017 2018 2019 2020 2021 2022 2023 2024 2025

2018-2025
155
FIGURE 58. SOUTH AFRICA MEDICAL TOURISM MARKET, 2017 2025 (NUMBER OF PATIENTS IN THOUSANDS)
CAGR (2018-2025) - 11.3%

1,450.10

1,314.07
1,187.43
1,069.88
961.08
Thousands)
860.70
768.37
683.73
606.39
2017 2018 2019 2020 2021 2022 2023 2024 2025
Global Medical
Tourism Market
2018-2025
156
5.5.3.6. Rest of LAMEA market size and forecast
The rest of LAMEA medical tourism market was valued at $4,998.24 million in 2017, and is projected to reach
The rest of LAMEA medical tourism market was valued at 1,481.86 thousand patients in 2017, and is projected
to reach 3,443.54 thousand patients by 2025, registering a CAGR of 10.9% from 2018 to 2025.
CAGR (2018-2025) - 12.9%
13,420.42
11,995.49
Revenue ($Million)
10,689.37
9,495.84
8,408.62
7,421.43
6,528.06
5,722.35
4,998.24
Global Medical
Tourism Market 2017 2018 2019 2020 2021 2022 2023 2024 2025

2018-2025
157
CAGR (2018-2025) - 10.9%

3,443.54
3,131.77
2,840.14
2,568.17
Thousands)
2,315.30
2,080.91
1,864.35
1,664.91
1,481.86
2017 2018 2019 2020 2021 2022 2023 2024 2025
Global Medical
Tourism Market
2018-2025
158
CHAPTER 6: COMPANY PROFILES
6.1. APOLLO HOSPITALS ENTERPRISE LIMITED
19, Bishop Gardens
Raja Annamalaipuram
Chennai, India, 600028
Tel.: 044-28290956/3896/6681
Fax: 044-28290956
Website: www.apollohospitals.com
6.1.1. Company overview

Apollo Hospitals Enterprise Limited (Apollo Hospitals) is the pioneer of private healthcare in India. It was the
country’s first corporate hospital. The Apollo Hospitals Group started as a 150-bed hospital, but today it
operates 9200 beds across 64 hospitals. A forerunner in integrated healthcare, Apollo has a remarkable
market outreach across the healthcare spectrum. The group has emerged as the foremost integrated
healthcare provider across Asia, with group companies that specialize in insurance, pharmacy, consultancy,
clinics, and others. It has gratified the lives of over 45 million patients from 121 countries, with its services in
Global Medical the segments of healthcare, education, and research.
Tourism Market
2018-2025
159
6.1.2. Company snapshot
TABLE 38. APOLLO HOSPITALS: COMPANY SNAPSHOT
Information Description
Year of Inception 1983
Dr. Prathap C Reddy (Chairman of the Board and CEO)

Key Executives Smt. Preetha Reddy (Executive Vice Chairperson)
Shri. Krishnan Akhileswaran (CFO)
Primary Business Healthcare (hospitals and clinics)
Key Strategic Move Expansion
Geographical Presence Asia-Pacific (India and Dhaka)
2017: 1,081.0
Overall Financial Status ($Million) 2016: 931.1
2015: 849.3
Source: Corporate Publications and AMR Analysis
Global Medical
Tourism Market
2018-2025
160
6.1.3. Operating business segments
Apollo Hospitals operates through three major segments, which are mentioned below:
TABLE 39. APOLLO HOSPITALS: OPERATING SEGMENTS
Segment Description
Apollo Hospitals
Apollo Clinics
Healthcare
Apollo White Dental: Chain of dental hospitals
Apollo Pharmacy
Medvarsity: India’s first medical e-learning venture

Medical Courses
Education Nursing Courses
Paramedical Courses
Hospital Management Courses
Apollo Research & Innovations (ARI): Spearheading research, innovations, and educational-related programs in
quest of enabling Apollo Hospitals to introduce cutting-edge technologies, therapies, and other innovations in
Research its ecosystem
Apollo Hospitals Education and Research Foundation (AHERF)
6.1.4. Product portfolio

Global Medical TABLE 40. APOLLO HOSPITALS: PRODUCT PORTFOLIO
Tourism Market Segment Product
Treatments Cardiology, orthopedics, neurology, transplants, and oncology

and Industry Forecast, Source: Corporate Publications and AMR Analysis
2018-2025
161
6.1.5. Business performance
The hospital generated revenue of $1,081.0 million in 2017 and $931.1 million in 2016 with a growth of 16.1%
during these two years, owing to growth in healthcare services and the standalone pharmacy business.
FIGURE 61. APOLLO HOSPITALS: NET SALES, 2015 2017 ($MILLION)
Net sales ($Million)

1,081.0
931.1
849.3
2015 2016 2017
Global Medical
Tourism Market
2018-2025
162
6.1.6. Key strategic moves and developments
Date Strategy Description
Apollo Hospitals and Hainan Ecological Smart City Group (HESCG), a Chinese industrial park
January 2018 Agreement development & operations company signed a memorandum of understanding (MoU) to jointly develop a
highly integrated modern health care service facility and systems in the Hainan province.
Apollo Hospital Groups launched its first fully integrated multispecialty hospital in Guwahati, which is
June 2017 Expansion
expected to enhance the opportunity to expand medical tourism in Assam.
International Finance Corp. (IFC) invested Rs.450 crore in Apollo Health and Lifestyle Ltd. (AHLL), which
December 2016 Expansion
is anticipated to fund the proposed expansion plans across all formats of AHLL.
Apollo Hospitals launched a 480 bed hospital in Mumbai. It is one of the advanced multi-specialty
November 2016 Expansion tertiary care hospitals in the region and represents the final portion of the company’s current expansion
plan.
The Indian Railway Catering and Tourism Corporation (IRCTC) partnered with Apollo Hospitals in Chennai
October 2015 Partnership
to offer hassle-free travel for people seeking medical care.
Global Medical
Tourism Market
2018-2025
163
6.2. FORTIS HEALTHCARE LIMITED
Tower A, Unitech Business Park,
Block - F, South City 1, Sector - 41,
Gurgaon, Haryana
India
Tel.: +91 124 4921021, +91- 124 4921071, +91 124 4921033
Fax: +91 124 492 1041
Website: www.fortishealthcare.com

Fortis Healthcare Limited (Fortis Healthcare) is a leading integrated healthcare delivery service provider in
India. It majorly focuses on the healthcare segment, particularly on hospitals, diagnostics, and day care
specialty facilities. It is operational in India, Dubai, Mauritius, and Sri Lanka. It provides 54 healthcare facilities,
260 diagnostic centers, and approximately 10,000 potential beds. Its core value is to provide patient-centric
healthcare services. Furthermore, it is the first Indian private hospital that can monitor and publish clinical
outcome data related to major cardiology procedures, which is based on global norms given by the
International Consortium for Health Outcomes Measurement (ICHOM).
Global Medical
Tourism Market
2018-2025
164
TABLE 41. FORTIS HEALTHCARE: COMPANY SNAPSHOT
Year of Incorporation 1996
Mr. Bhavdeep Singh (CEO)

Key Executive(s) Mr. Gagandeep Singh Bedi (CFO)
Mr. Malvinder Mohan Singh (Executive Director)
Primary Business Healthcare (Fortis Hospitals)
Geographical Presence Asia-Pacific (India)
2017: 681.5
Overall Financial Status ($Million) 2016: 642.4
2015: 650.4
Employee 22,572 (as of March 31, 2017)

Fortis Healthcare is primarily engaged in the business of healthcare services which is the only reportable
business segment.
Global Medical TABLE 42. FORTIS HEALTHCARE: OPERATING SEGMENTS
Tourism Market Operating Segment Description
Fortis Healthcare is committed to deliver quality healthcare services to patients in modern facilities through the use of
Opportunity Analysis advanced technology and has a team of skilled doctors, nurses and healthcare professionals. Most of our healthcare
Healthcare Services
and Industry Forecast, facilities provide secondary, tertiary, and quaternary healthcare services to patients in Cardiac Care, Orthopedics,
2018-2025 Neurosciences, Oncology, Renal Care, Metabolic diseases care, and mother and child care.
165
TABLE 43. FORTIS HEALTHCARE: PRODUCT PORTFOLIO
Segment Product
Cardiology
Dermatology
Endocrinology
Internal Medicine
Treatments Cardio Thoracic and vascular surgery
Gastrointestinal & Hepatobiliary Surgery
ENT
Critical Care
Anesthesiology
Global Medical
Tourism Market
2018-2025
166
Fortis Healthcare registered an increase in growth rate by 6.1% in 2017, owing to rise in international patient
revenues.
FIGURE 62. FORTIS HEALTHCARE: REVENUE, 2015 2017 ($MILLION)

681.5
650.4
642.4
2015 2016 2017
Global Medical
Tourism Market
2018-2025
167
FIGURE 63. FORTIS HEALTHCARE: REVENUE SHARE BY REGION, 2017 (%)
2.1%
India Outside India
97.9%
Global Medical
Tourism Market
2018-2025
168
6.3. ASIAN HEART INSTITUTE
G / N Block, Bandra Kurla Complex
Bandra East
Mumbai, 400051
Maharashtra, India
Tel.: 022-6698-6666
Website: www.asianheartinstitute.org

Asian Heart Institute (AHI) is a premier accredited hospital, which provides world-class cardiac care in India
and stands among top 10 best hospitals for medical tourists—ranked by medical Travel Quality Alliance
(MTQUA). In a small span of time, the institute has treated more than 240,000 patients, completed over 33,000
angiographies, and more than 20,000 heart surgeries. It majorly operates in the cardiology segment with an
expertise in cardiac surgeries. It has an overwhelming success rate of 99.3% in bypass surgeries and overall
99.83% in cardiac surgeries—one of the highest success rates in the world.
Asian Heart Institute is India's highest accredited hospital by:

 Joint Commission International (JCI)
Global Medical
 National Integrated Accreditation for Healthcare Organizations(NIAHO) and
Tourism Market
 International Organization for Standardization (ISO)
2018-2025
169
TABLE 44. AHI: COMPANY SNAPSHOT
Year of Foundation 1998
Key Executive(s) Dr. Ramakanta Panda (Vice Chairman & Managing Director)
Primary Business Healthcare (hospital)
Geographical Presence Asia-Pacific (India)

AHI operates its business through the healthcare segment:
TABLE 45. AHI: OPERATING SEGMENTS
Segment Description
Healthcare Cardiac surgeries, preventive cardiology & rehabilitation, physiotherapy, radiology, and children’s heart center
Global Medical
Tourism Market
2018-2025
170
AHI offers the following medical tourism services:
TABLE 46. AHI: PRODUCT PORTFOLIO
Category Brand/Product
 Bypass & redo bypass surgeries

 Valve Surgeries & Redo Valve Surgeries
DNA Sequencing  Aortic Aneurysm Surgeries (Bentall Surgery)
 Robot-Assisted Surgeries,
 Heart defect repairs such as ASD closure, VSD closure, and PFO closures
Global Medical
Tourism Market
2018-2025
171
6.4. KPJ HEALTHCARE BERHAD
Level 12, Menara KPJ,
238 Jalan Tun Razak,
50400 Kuala Lumpur,
Malaysia
Tel.: (603) 2681 6222
Fax: (603) 2681 6888
Website: www.kpjhealth.com.my

KPJ Healthcare Berhad (KPJ) is a private healthcare service provider. It operates 25 hospitals in Malaysia, two
hospitals in Indonesia, one hospital in Bangladesh, and has a sizeable share of hospitals in Thailand. It
functions through three major segments—hospital-based care, healthcare services, and medical tourism. Its
healthcare services are healthcare education, PharmaServ alliances, Lablink (M) Sdn. Bhd., and healthcare
technical services.

TABLE 47. KPJ: COMPANY SNAPSHOT
Global Medical
Tourism Market Year of Foundation 1896
Dato’ Amiruddin Abdul Satar (President & Managing Director)
Key Executive(s) Dato’ Kamaruzzaman Abu kassim (President & CEO)
2018-2025
Aminudin Dawam (Executive Director)
172
Key strategic Move Expansion
Primary Business Hospital-based care, senior living care services, and healthcare education
Geographical Presence Asia-Pacific
 2017: 740.0
Overall Financial Status ($Million)  2016: 717.8
 2015: 732.4
Workforce 13,422 (as of December 31, 2017)

KPJ operates its business through geographical location. The reportable segments for the financial year have
been identified as follows:
TABLE 48. KPJ: OPERATING SEGMENTS
Segment Description
All healthcare activities including the private hospitals, pathology, and laboratory services and distribution
Malaysia
of pharmaceutical, medical and consumer healthcare products
Operating segments involved in provision of hospital services in Indonesia, Thailand, and Bangladesh,
Global Medical Others private university college of nursing and allied health and sale of hospital merchandise and other similar
activities
Tourism Market
2018-2025
173
KPJ offers the following medical services to the tourists:
TABLE 49. KPJ: PRODUCT PORTFOLIO
Product Category Brand/Product
 Laboratory Services
 Eye Related Services
 Cardiac Services
Services  Dental Services
 Bariatric Surgery
 Cancer Related Services
 Reconstructive Surgery Services
Global Medical
Tourism Market
2018-2025
174
KPJ registered an increase in net sales by 3.1% from 2016 to 2017, due to rise in revenue generation from
hospital and healthcare operations in Malaysia.
FIGURE 64. KPJ: NET SALES, 2015 2017 ($MILLION)

740.0
732.4
717.8
2015 2016 2017
Global Medical
Tourism Market
2018-2025
175
FIGURE 65. KPJ: REVENUE SHARE BY SEGMENT, 2017 (%)
3.4%
Malaysia Others
96.6%
6.4.6. Key strategic moves and developments
Date Strategy Description
KPJ Healthcare Bhd is planning to build eight new hospitals throughout

March 2016 Expansion Malaysia, which is anticipated to boost the scope of medical tourism in the
country.
Global Medical
Tourism Market
2018-2025
176
6.5. NTT Medical Center Tokyo
5-9-22 Higashi-Gotanda
Shinagawa-ku, Tokyo
141-8625, Japan
Tel.: 03-3448-6111
Website: www.ntt-east.co.jp

NTT medical Centre is a Tokyo-based leading hospital, which promotes advanced and comprehensive medical
care. The hospital operates through two segments—clinical division and diagnostics. The hospital offers
medical care in clinical segments such as urology, dermatology, neurology, hypertension, and gynecology. It
was accredited in 2011 by the Joint Commission International.

TABLE 50. NTT MEDICAL CENTER: COMPANY SNAPSHOT
Primary Business Healthcare Services
Global Medical Geographical Presence Tokyo
Tourism Market Source: Corporate Publications and AMR Analysis
2018-2025
177
NTT medical Center operates its business through the following two segments:
TABLE 51. NTT MEDICAL CENTER: OPERATING SEGMENTS
Segment Description
 General Medicine  Emergency Medicine

 Cardiology  General Medicine
 Gastroenterology  Cardiology
 Neurology  Gastroenterology
 Hypertension & Nephrology  Neurology
 Endocrinology & Metabolism  Hypertension & Nephrology
 Hematology  Endocrinology & Metabolism
 Oncology  Hematology
 Psychosomatic medicine  Oncology
 Respiratory Disease Center  Psychosomatic medicine
Clinical Divisions  Respiratory Medicine  Respiratory Disease Center
 Respiratory Surgery  Respiratory Medicine
 Surgery  Respiratory Surgery
 Cardiovascular Surgery  Surgery
 Neurosurgery  Cardiovascular Surgery
Global Medical  Cerebrovascular Medicine  Neurosurgery
Tourism Market  Gamma Knife Center  Cerebrovascular Medicine

 Orthopedic Surgery  Gamma Knife Center
 Sport Medicine  Orthopedic Surgery
2018-2025  Artificial joint center  Sport Medicine
 Spine center  Artificial joint center
178
Segment Description
 Dentistry and Oral surgery  Spine center
 Dermatology  Dentistry and Oral surgery
 Urology  Dermatology
 Prostate Center  Urology
 Gynecology & Obstetrics  Prostate Center
 Ophthalmology  Gynecology & Obstetrics
 Otorhinolaryngology – Head and Neck Surgery  Ophthalmology
 Pediatrics  Otorhinolaryngology – Head and Neck Surgery
 Neuropsychiatry  Pediatrics
 Radiology  Neuropsychiatry
 Pain Clinic  Radiology
 Rehabilitation Service  Pain Clinic
 Palliative Care  Rehabilitation Service
 Preventive medicine  Palliative Care
 Pathology  Preventive medicine
 Anesthesiology  Pathology
 Intensive Care  Anesthesiology
 List of Doctors  Intensive Care
Global Medical
Tourism Market
2018-2025
179
6.6. SEOUL NATIONAL UNIVERSITY HOSPITAL.
101, Daehak-Ro Jongno-Gu,
Seoul 03080, Republic of KOREA
Tel.: 82-2-2072-0505
Fax: 82-2-2072-0785
Website: www.snuh.org

Seoul National University Hospital is one of the oldest multispecialty hospitals headquartered at Seoul of
South Korea. It is engaged in raising the healthcare system of the nation. It has the following branches: SNU
Bundang Hospital, SMG-SNU Boramae medical Center, SNUH Healthcare System Gangnam Center, SNU
Children's Hospital, and SNU Cancer Hospital. The various operating segments of the hospital are outpatient,
inpatient services, medical examination, home service, and emergency service. Its product portfolio includes
departments such as oncology, cardiology, orthopedics, spine center, and health promotion center.

TABLE 52. SEOUL NATIONAL UNIVERSITY HOSPITAL: COMPANY SNAPSHOT
Global Medical Year of Foundation 1978

Key Executive Suh, Chang-Suk (President & CEO)
Tourism Market Primary Business Outpatient, inpatient, medical examination, home service, and emergency service
Opportunity Analysis Geographical Presence South Korea

and Industry Forecast, Employees 6,200 (as of 31 December 2017)
2018-2025 Source: Corporate Publications and AMR Analysis
180
Seoul National University Hospital operates in three major segments, which along with the product offerings
are as follows:
TABLE 53. SEOUL NATIONAL UNIVERSITY HOSPITAL: OPERATING SEGMENTS
Segment Description
Healthcare Service Multispecialty hospitals
Education medical college
Research Biomedical research institute

Seoul National University Hospital offers the following medical tourism services:
TABLE 54. SEOUL NATIONAL UNIVERSITY HOSPITAL: PRODUCT PORTFOLIO
 Urology,  Ophthalmology
 Dermatology  Gynecology
Clinical Services
Global Medical  Neurology  Orthopedics
 Hypertension  Gastroenterology
2018-2025
181
6.7. UZ LEUVEN
University Hospitals Leuven
Herestraat 49
3000 Leuven, Belgium
Tel.: +32 16 33 22 1
Website: www.uzleuven.be

UZ Leuven is a multispecialty hospital. Research in addition to patient care and education is one of the
missions of the university hospital. It operates through three segments, healthcare, research, and education.
Leuven hospital is a network of five campuses—Gasthuisberg, Lubbeek, Pellenberg, Sint-Pieter, and Sint-
Rafaël. The hospital consists of 1,995 beds and 8,800 employees, which makes it the largest hospital in
Belgium.

TABLE 55. UZ LEUVEN: COMPANY SNAPSHOT
Year of Foundation 1970
Global Medical Key Executives Prof. Dr. Mark Waer (Chairman)
Tourism Market Primary Business Healthcare, education, and research
Opportunity Analysis Geographical Presence Belgium

and Industry Forecast, Source: Corporate Publications and AMR Analysis
2018-2025
182
UZ Leuven Hospitals runs a number of hospitals across Belgium and provides patient care and services. It
operates through the following operating segments.
TABLE 56. UZ LEUVEN: OPERATING SEGMENTS
Product Category Product
Healthcare  Multispecialty hospitals
Education  University
Research  Research labs

UZ Leuven offers the following medical tourism services
TABLE 57. UZ LEUVEN: PRODUCT PORTFOLIO
 Cardiology
 Neurology
 Dermatology
Specialty  Radiology
Global Medical  Endocrinology
 Respiratory Diseases
 Cardiothoracic and Nephrology
2018-2025
183
6.8. WOORIDUL SPINE HOSPITAL
445, Hakdong-ro,
Gangnam-gu,
Seoul, Korea 06068
Tel.: +82 2 513 8452
Fax: +82 2 513 8454
Website: wooridul.com

Wooridul Spine Hospital is a leading provider of advanced spinal surgical services that are minimally invasive
and are used to save normal disc tissue. The hospital offers short term admission, small incision, minimal
scars, and reduced complications. The hospital uses advance high-tech digital equipment such as MRI, CT, O-
arm, C-arm, navigation system with minimally invasive spinal surgery (MISS), which will enables the hospital in
preserving normal tissue, easily differentiating regions.

TABLE 58. WOORIDUL SPINE HOSPITAL: COMPANY SNAPSHOT
Global Medical Information Description
Year of Established 1982

Tourism Market
Key Executive(s) Sang-Ho Lee (Chairman)
and Industry Forecast, Primary Business Spine and Joint related surgical services
2018-2025 Geographical Presence Korea
184
6.8.3. Product Portfolio
TABLE 59. PERKINELMER: PRODUCT PORTFOLIO
Segment Products
The advanced spinal surgical technique developed by Wooridul Hospital is minimally invasive to
save normal disc tissue.
Joint The hospital offers following services for joint

 Computer Assisted Navigation Surgery
 Surgical Procedure(Joint)
 Minimally Invasive Spinal Treatment Clinic (MISTC)

Spine  Surgical Procedure(Spine)
 New Development for Minimally Invasive Surgery & Technique
Global Medical
Tourism Market
2018-2025
185
6.9. ADITYA BIRLA MEMORIAL HOSPITAL
Aditya Birla Marg,
Chinchwad, Pune 411033
Maharashtra, India
Tel.: +91-20-30717615
Website: www.adityabirlahospital.com

Aditya Birla Memorial Hospital is a multispecialty tertiary hospital. It is Maharashtra’s first Joint Commission
International (JCI) and National Accreditation Board for Hospital accredited hospital (NABH). It provides high-
quality and cost-effective medical services, such as post-natal care, physiotherapy, anesthesiology,
musculoskeletal, and others. It is spread across 16 acres, consisting of 500 beds, 152 ICU beds, 13 operation
theatres, and flat-panel Cath lab. It operates through five segments, anesthesiology, transfusion medicine,
radiology & imaging, physiotherapy & rehabilitation, and laboratory services.

TABLE 60. ADITYA BIRLA MEMORIAL HOSPITAL: COMPANY SNAPSHOT
Tourism Market Year of Foundation 2006
Rekha Dubey (CEO)

Opportunity Analysis Key Executive(s)
Dr. RS Iyer (Medical Director)
2018-2025 Primary Business medical services
186
Geographical Presence India (Pune)

Aditya Birla Memorial is homage and tribute to late Shri Aditya Vikram Birla, and is one of the best hospitals in
Pune. It operates through the following five segments:
TABLE 61. ADITYA BIRLA MEMORIAL HOSPITAL: PRODUCT SEGMENTS
Segment Description
Administration of general anesthetic agents that make a person

Anesthesiology
unconscious and unable to feel pain
Branch of medicine that is concerned with the transfusion of blood

Transfusion Medicine
and blood components
Radiology & Imaging Diagnostic radiology and interventional radiology
Branch of treatment that uses physical means to relieve pain, restore

Physiotherapy & Rehabilitation
muscle strength, and return patients to normal activities
Laboratory Services Laboratory tests
Global Medical
Tourism Market
2018-2025
187
Aditya Birla Memorial Hospital offers the following medical tourism services:
TABLE 62. ADITYA BIRLA MEMORIAL HOSPITAL: PRODUCT PORTFOLIO
 Anesthesiology
 Antenatal care
Sequencing System  Post-natal care
 Physiotherapy for cardiac
 Musculoskeletal, and others
Global Medical
Tourism Market
2018-2025
188
6.10. BARBADOS FERTILITY CENTER
Seaston House,
Hastings, Christ Church,
Barbados
Tel.: +1-246 435 7467
Website: barbadosivf.com

Barbados Fertility Centre offers high IVF success rates, low prices, and stress-free environment in a tropical
paradise. It specializes in all aspects of infertility management. Its high success rates and low treatment costs
attract regional and international customers to meet growth in demand from Caribbean patients for a full-
time IVF unit and a rising demand from international clients for IVF services that combine the advantages of
high-quality medical care with a more relaxed atmosphere in the Caribbean. The couples that visit Barbados
Fertility Centre are given an individual treatment program according to the causes of their infertility. Specific
treatment options are then discussed on an individual basis. It deals with various segments such as in vitro
fertilization, intra-cytoplasmic sperm injection, embryo vitrification freezing, egg freezing, ovulation induction,
assisted hatching, blastocyst transfer, testicular biopsy, pre-implantation genetic screening, egg donation, and
Global Medical treatment risk.
Tourism Market
2018-2025
189
TABLE 63. BARBADOS FERTILITY CENTRE: COMPANY SNAPSHOT
Year of Incorporation 2002
Rachel De Gale (Operations Manager)

Key Executives
Anna Hosford (Clinic Director)
Primary Business Infertility management
Geographical Presence Barbados

Barbados Fertility Centre offers a wide range of services through diversified business segments, which are
mentioned below:
TABLE 64. BARBADOS FERTILITY CENTRE: OPERATING SEGMENTS
Segment Description
Process of fertilization by combining an egg and sperm in a laboratory

In Vitro Fertilization
dish and then transferring the formed embryo to uterus
Global Medical Intra-cytoplasmic Sperm Injection Single sperm injected directly into an egg
Tourism Market Embryo Vitrification Freezing Preserving embryos
Opportunity Analysis Egg Freezing Process in which woman eggs are extracted, frozen, and stored
2018-2025 Testicular Biopsy Test to check a man’s ability to father a child
190
Segment Description
Egg Donation Woman donate eggs for purpose of assisted reproduction
Pre-implantation Genetic Screening Examine embryos for chromosomal abnormalities
Blastocyst Transfer Increase pregnancy rates and decrease risk of multiple pregnancy
Assisted Hatching Technique to improve implantation of embryos
Ovulation Induction Encourage ovaries to release eggs

TABLE 65. BARBADOS FERTILITY CENTRE: PRODUCT PORTFOLIO
 In Vitro Fertilization Treatment

 Intra-Cytoplasmic Sperm Injection (ICSI)
 Intra-Uterine Insemination
 Egg and Embryo Freezing
Treatments
 Egg Donor
 Ovulation Induction (OI)
 Immunology Program
Global Medical  Pre-Cycle Testing
2018-2025
191
6.11. PRINCE COURT MEDICAL CENTRE
39 Jalan Kia Pen,
50450 Kuala Lumpur,
Malaysia
Tel.: +603 2160 0000
Fax: +603 2160 0010
Website: www.princecourt.com

Prince Court Medical Centre. owns and operates a healthcare facility in Malaysia It operates as a subsidiary of
PETRONAS Hartabina Sdn. Bhd., which was incorporated in 1974. The center consists of doctors who are
specialized in plastic surgery disciplines, and it deals in healthcare services such as anesthesiology, breast &
endocrine surgery, cardiology, general surgery, nephrology, gastroenterology, and endocrinology. It operates
in three major segments, clinical services, medical departments, and medical information.

TABLE 66. PRINCE COURT MEDICAL CENTRE: COMPANY SNAPSHOT
Key Executives Mr. Chong Yee Mun (CEO)

Tourism Market
Primary Business Healthcare services
and Industry Forecast, Geographical Presence Malaysia
2018-2025 Source: Corporate Publications and AMR Analysis
192
Prince Court medical Centre offers a wide range of services through diversified business segments, which are
mentioned below:
TABLE 67. PRINCE COURT MEDICAL CENTRE: OPERATING SEGMENTS
Segment Description
Key Clinical Services Kidney, cancer, orthopedics, gastrointestinal diseases, and rehab medicine
Eye and LASIK center, burns unit general surgery, infectious diseases, neurology, and
medical Departments
nephrology
medical Information Articles, guidelines, and brochures

TABLE 68. PRINCE COURT MEDICAL CENTRE: PRODUCT PORTFOLIO
 Anesthesiology
 Assisted Reproductive Technologies  Nephrology
(ART)  Oncology – Cancer Centre
Global Medical  Breast and Endocrine Surgery Services  Neurosurgery

Medical Departments  Cardiology  Obstetrics & Gynecology
Tourism Market  Dermatology  Plastic Reconstructive
Opportunity Analysis  Gastroenterology  Thoracic and Cardiovascular Surgery
and Industry Forecast,  General Surgery  Urology
2018-2025  Hepatology
193
6.12. SAMITIVEJ PCL.
133 Sukhumvit 49,
Klongtan Nua,
Vadhana,
Bangkok 10110
Tel.: +66(0)-2022-2222
Fax: +66(0)-2711-8472
Website: www.samitivejhospitals.com

Samitivej PCL. (Samitivej Hospital) is a leading private hospital situated in Bangkok, Thailand. Although it is
present only in Thailand, it has outlets in four locations, Samitivej Srinakarin (Eastern Bangkok), Samitivej
Siracha (Southeastern Thailand), Samitivej Thonburi (North Pattaya), and Samitivej International Children’s
Hospital (Thailand). The hospital operates through two major segments—adult center (liver and digestive,
sports and orthopedic, wellness center) and child center (allergy center, pediatric gastroenterology clinic,
pediatric surgery). It is a 275 bed tertiary care hospital with over 400 specialists. It is planning to expand in
Myanmar and in other potential markets such as Cambodia, Laos, Myanmar, and Vietnam (CLMV).
Global Medical
Tourism Market
2018-2025
194
TABLE 69. SAMITIVEJ HOSPITAL: COMPANY SNAPSHOT
Year of Inception 1979
Primary Business Healthcare facilities
Geographical Presence Thailand

Samitivej Hospital offers a wide range of services through diversified business segments, which are mentioned
below:
TABLE 70. SAMITIVEJ HOSPITAL: OPERATING SEGMENTS
Segment Description
Liver & digestive institute (genetic liver disease, acute pancreatitis, gastric ulcers,
cholestatic diseases, functional abdominal pain syndrome, and others), sports &
orthopedic center (treatment of broken spine, joint and arthroplasty clinic, surgery to
Adult Center
correct joint stiffness, elbow & wrist arthroscopy, and carpal bone fracture surgery),
wellness center (preschool health checkup, general health checkup, health checkup
before traveling overseas, annual health checkup, and mobile health checkup)
Global Medical Allergy center (lung function test, allergen immunotherapy, allergy testing, that is, skin
Tourism Market Child Center testing, blood testing, and diagnosis of allergic problems) and pediatric gastrointestinal &
liver center (breath test, toilet training, swallow training, and nutrition & dietetics)
Opportunity Analysis Source: Corporate Publications and AMR Analysis
2018-2025
195
TABLE 71. SAMITIVEJ HOSPITAL: PRODUCT PORTFOLIO
 Arthroscopic Surgery and Sports Orthopedic Center

 Breast Center
 Dental Clinic
 Eye Clinic
 Heart Institute
 Hemodialysis Department
Specialty  Neurology Center
 Oncology Clinic
 Pulmonary Center
 Radiology Department
 Samitivej Plastic and Esthetic Surgery Institute
 Spine and Joint Center
 Surgery Clinic
Global Medical
Tourism Market
2018-2025
196
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CONTACT:
Tourism Market
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Email: sales@alliedmarketresearch.com
2018-2025
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2019

GLOBAL MEDICAL TOURISM MARKET

5933 NE Win Sivers Drive,

EMISPDF in-pwc001 from 125.22.109.1 on 2020-01-09 05:53:29 GMT. DownloadPDF.

Global IVF Services Market - Forecast, 2018-2025

Global Fertility Services Market - Forecast, 2017-2023

1.4. Research methodology ............................................................................................ 30

1.4.2. Primary research ..................................................................................................................... 32

1.4.3. Analyst tools and models .................................................................................................... 33

CHAPTER 2: EXECUTIVE SUMMARY............................................................................ 34

3.4.2. Developing regions ............................................................................................................... 44

3.5. Government regulations .......................................................................................... 45

3.8.1.1. Affordable good quality care ........................................................................................53

Global Medical 3.8.2. Restraints ................................................................................................................................... 58

3.8.3.1. Overseas promotional offices is a key source of medical tourists ................60

3.8.4. Impact analyses ....................................................................................................................... 61

CHAPTER 4: MEDICAL TOURISM MARKET, BY TREATMENT TYPE ......................... 63

4.2. Dental Treatment ...................................................................................................... 66

4.2.2. Market size and forecast, by region ............................................................................... 67

4.3. Cosmetic Treatment ................................................................................................. 69

4.3.2. Market size and forecast, by region ............................................................................... 70

4.5.2. Market size and forecast, by region ............................................................................... 75

4.6. Neurological treatment ............................................................................................ 77

4.6.2. Market size and forecast, by region ............................................................................... 78

4.7. Cancer treatment ...................................................................................................... 80

4.7.2. Market size and forecast, by region ............................................................................... 80

4.8. Fertility treatment .................................................................................................... 82

4.8.2. Market size and forecast, by region ............................................................................... 83

4.9. Other treatments ...................................................................................................... 84

Tourism Market 4.9.2. Market size and forecast, by region ............................................................................... 85

5.2. North America........................................................................................................... 89

5.2.2. Market size and forecast, by country ............................................................................. 92

5.2.3. Market size and forecast, by treatment type .............................................................. 94

5.3. Europe ...................................................................................................................... 102

5.3.2. Market size and forecast, by country ........................................................................... 103

5.3.3. Market size and forecast, by treatment type ............................................................ 105

5.4. Asia-Pacific .............................................................................................................. 119

5.4.2. Market size and forecast, by country ........................................................................... 119

5.4.3. Market size and forecast, by treatment type ............................................................ 122

Tourism Market 5.5. LAMEA ..................................................................................................................... 142

5.5.3.1. Brazil market size and forecast .................................................................................. 147

CHAPTER 6: COMPANY PROFILES............................................................................. 159

6.1.2. Company snapshot .............................................................................................................. 160

6.1.3. Operating business segments ......................................................................................... 161

6.1.4. Product portfolio .................................................................................................................. 161

6.1.5. Business performance......................................................................................................... 162

6.2.4. Product portfolio .................................................................................................................. 166

6.2.5. Business performance......................................................................................................... 167

6.3. ASIAN HEART INSTITUTE....................................................................................... 169

6.3.2. Company snapshot .............................................................................................................. 170

6.3.3. Operating business segments ......................................................................................... 170

6.3.4. Product portfolio .................................................................................................................. 171

6.4. KPJ HEALTHCARE BERHAD .................................................................................... 172

6.4.2. Company snapshot .............................................................................................................. 172

6.4.3. Operating business segments ......................................................................................... 173

6.4.4. Product portfolio .................................................................................................................. 174

Global Medical 6.4.5. Business performance......................................................................................................... 175

6.5.3. Operating business segments ......................................................................................... 178

6.6. SEOUL NATIONAL UNIVERSITY HOSPITAL. ......................................................... 180

6.6.2. Company snapshot .............................................................................................................. 180

6.6.3. Operating business segments ......................................................................................... 181

6.6.4. Product portfolio .................................................................................................................. 181

6.7. UZ LEUVEN .............................................................................................................. 182

6.7.2. Company snapshot .............................................................................................................. 182