Wednesday, January 8, 2025 The global medical tourism market is set to experience substantial growth in the coming years, with a projected increase from USD 14.56 billion in 2024 to USD 34.69 billion by 2031.
This represents a compound annual growth rate (CAGR) of 13.2%. The report titled “Medical Tourism Market Trends, Share, Size, Growth, Opportunity, and Forecast 2025-2032,” published by Coherent Market Insights, offers a comprehensive analysis of the market’s expansion and the key factors driving this growth.
The medical tourism industry has seen significant expansion in recent years, driven by various factors, including an increasing demand for high-quality, affordable healthcare, as well as technological advancements that improve accessibility and efficiency. Patients from all over the world are seeking treatment abroad for both major surgeries and minor medical procedures, often opting for destinations where healthcare costs are lower, yet the quality remains high. This trend is particularly notable in countries like India, Thailand, and Mexico, where healthcare services have gained global recognition for their quality.
As more hospitals and healthcare providers embrace advanced medical technologies, medical tourism is becoming a viable option for many who are looking to combine travel with essential healthcare services. One of the most significant drivers of medical tourism is the cost savings associated with traveling abroad for treatment. In many developed cou.
