Medical Tourism Market Size, Share, Growth Analysis, By Treatment Type(Cosmetic Tourism, Cardiovascular and Orthopedic), By Service Provider(Public, Private), By Destination(Domestic, International), By Region - Industry Forecast 2024-2031

Drivers 

• One of the primary factors driving the medical tourism market is globalization, enabling many people to get better quality and cost-efficient treatments. Therefore, globalization not only enhances medical care but also minimizes expenses of treatments especially for Americans and people in the developing economies. The trend of globalization enables people to get affordable and advanced treatments across international borders, boosting the health tourism market.  

• One of the key motivators for medical tourists is getting access to better quality medical services along with advanced medical technologies and treatments. Therefore, nowadays many people have started traveling to countries that are popular for their skilled medical professionals and outstanding modern equipment used for operations or diagnosis.  

Restraints 

• When the patients return to their countries after completing the medical procedures abroad, there can be a problem of follow-up care and treatment continuity. This is massively restraining the growth of the market. Therefore, it has become vital to coordinate post-treatment care and interactions between international medical providers and local medical systems.  

• The difference in language and cultural barriers can restrict interaction between the patient and medical professionals. This factor can create misunderstanding, misinterpretation of medical information, and difficulties in obtaining informed consent. This problem is one of the major problems the market is facing that is hindering its growth.