Thursday, October 3, 2024 The medical tourism market is expected to experience significant growth, driven by rising healthcare costs and an increasing number of people seeking medical treatments abroad. According to recent research, the global medical tourism market, valued at USD 11.20 billion in 2023, is projected to reach USD 80.
07 billion by 2032, growing at a robust 24.7% compound annual growth rate (CAGR). Medical tourism involves traveling to another country to receive medical care.
Initially, patients from less-developed countries traveled to more developed nations for treatments unavailable at home. Now, more people from developed countries are traveling to less-developed nations for affordable treatments, particularly dental and cosmetic procedures. Major players in the medical tourism market include: Strategic partnerships and technological advancements continue to drive competition and growth in the market.
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