Medical Tourism Market Size, Share & Trends Report

Medical Tourism Market Size, Share & Trends Analysis Report By Country (Turkey, Costa Rica, Thailand, India, Mexico, Singapore, Brazil, Malaysia, Taiwan, Colombia, South Korea), And Segment Forecasts, 2019 - 2026

  • Published Date: Feb, 2019
  • Base Year for Estimate: 2018
  • Report ID: GVR-2-68038-508-3
  • Format: Electronic (PDF)
  • Historical Data: 2015 - 2017
  • Number of Pages: 140

Industry Insights

The global medical tourism market size was valued at USD 36.9 billion in 2018 and is expected to exhibit a CAGR of 21.9% over the forecast period. Availability of benefits such as better healthcare, latest technologies, innovative medicines, modern devices, better hospitality, and personalized care are some of the factors driving the market.

The market is expected to grow at a rapid rate over the forecast period. Factors propelling market growth include inadequate insurance benefits and no healthcare insurance in local markets, coupled with increasing demand for procedures that are not covered by insurance, such as gender reassignment surgeries, fertility treatment, dental reconstruction, and cosmetic surgery.

Global medical tourism market

Most cosmetic surgery procedures are considered elective and are therefore not covered under medical insurance. As cosmetic surgeries are not covered by most medical aid plans and are paid for out of pocket, lower costs in other countries increase the appeal for foreign patients. They save costs by travelling to destinations that perform these procedures at cheaper rates while engaging in leisure activities at the destination country.

Availability of cheaper treatment options along with better quality of care is the primary factor driving preference for offshore medical tourism. Patients can save between 30% and 80% of the total treatment costs in these destinations. Easier availability of skilled professional at a lower price is the main reason behind cheaper treatment costs in medical tourism destinations.

Treatment Type Insights

Most patients visiting Thailand for medical procedures opt for cosmetic and bariatric surgeries. Some of the common cosmetic procedures performed in the country are breast augmentation and reduction, tummy tuck, buttock implant, laser tattoo removal, liposuction, Botox, hair transplant, and CoolSculpting. In Thailand, cosmetic surgeries are the most preferred type of treatment, specifically in Bangkok.

Thailand medical tourism market

On the other hand, medical procedures such as knee replacement, hip replacement, and gastric bypass are more affordable in India as compared to some of the developed nations, including U.S. and U.K. In fact, the cost of some of these treatments in India is much lower than even Thailand, Indonesia, Singapore, and Hong Kong. Costa Rica is preferred by medical tourists for dental procedures.

Country Insights

Some of the most popular destinations in the medical tourism market are Thailand, India, Costa Rica, Mexico, Malaysia, Singapore, Brazil, Colombia, Turkey, Taiwan, South Korea, Czech Republic, and Spain. In terms of revenue, the market was dominated by Thailand in 2018 owing to low-cost and excellent quality medical services offered in the country.

The growth of the global market is primarily attributed to Thailand’s status as one of the most popular tourism destinations in Asia. Increasing number of private hospitals, improvements in overall healthcare infrastructure, and cheaper treatment costs are responsible for the growth of inbound medical tourists in Thailand. Thailand has more than 450 private hospitals and this number is expected to grow exponentially in the coming years.

Medical tourism leads to generation of substantial revenue in developing economies, helping them further expand their healthcare sector. This has resulted in increased involvement and promotion of medical tourism by government authorities. For instance, in Thailand, the government is targeting new potential markets such as China, Laos, Myanmar, Cambodia, and Vietnam to benefit from the growing affluence and increasing demand for professional healthcare services in these countries.

In February 2018, the Thai government announced prerequisites for issuing smart visas for professionals or entrepreneurs interested in investing in new businesses, which will help international medical tourism providers to expand their business in Thailand with incentives such as allowance of a four-year visa period.

Over 53 private Thai hospitals have received Joint Commission International (JCI) accreditation. Availability of additional benefits including better healthcare, latest technologies, innovative medicines, modern devices, better hospitality, and personalized care are some of the factors driving this market.

Medical Tourism Market Share Insights

Some of the leading private hospitals boosting medical tourism are Bumrungrad International Hospital, Samitivej Hospitals, and Bangkok Hospital Group. These hospitals mostly cater to international patients, with around 50.0% of the patients visiting these hospitals are medical tourists. In India, Apollo Hospitals Enterprise Ltd. and Fortis Hospitals are the most preferred treatment destinations for various medical procedures.

In 2018, Sunway Medical Centre was recognized at the Global Health and Travel 2018 APAC Healthcare & Tourism Awards, receiving recognition as the Medical Tourism Hospital of the Year, Oncology Service Provider of the Year, and Neurology Service Provider of the Year in Asia Pacific.

In terms of revenue turnover, the global market for medical tourism was dominated by Thailand in 2018, thanks to increasing number of private hospitals, improvements in overall healthcare infrastructure, cheaper treatment costs, and growth in inbound medical tourists. The number of incoming tourists with the purpose of obtaining healthcare from Thailand is increasing rapidly, with a growth rate of around 18%. Along with a surge in number of private hospitals, improved quality of personal care and adoption of latest treatment technologies are also responsible for growing international patients in the country.

Report Scope



Base year for estimation


Actual estimates/Historical data

2015 - 2017

Forecast period

2019 - 2026

Market representation

Revenue in USD Million & CAGR from 2019 to 2026

Country scope

Thailand, India, Costa Rica, Mexico, Malaysia, Singapore, Brazil, Colombia, Turkey, Taiwan, South Korea, Czech Republic, Spain

Report coverage

Revenue forecast, company share, competitive landscape, growth factors & trends

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Segments Covered in the Report

This report forecasts revenue growth at global and country levels and provides an analysis of latest industry trends in each of the sub-segments from 2015 to 2026. For the purpose of this study, Grand View Research has segmented the global medical tourism market report based on country:

  • Country Outlook (Revenue, USD Million, 2015 - 2026)

    • Thailand

    • India

    • Costa Rica

    • Mexico

    • Malaysia

    • Singapore

    • Brazil

    • Colombia

    • Turkey

    • Taiwan

    • South Korea

    • Czech Republic

    • Spain

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