Global medical tourism market to reach USD 264.4B

The global market for medical tourism estimated at US$108.1 Billion in the year 2023, is projected to reach a revised size of US$264.4 Billion by 2030, growing at a CAGR of 11.8% over the analysis period 2023-2030.

Cardiovascular treatment, one of the segments analyzed in the report, is projected to record 9% CAGR and reach US$45.6 Billion by the end of the analysis period. Growth in the Cancer Treatment segment is estimated at 11.6% CAGR for the next 8-year period.

The medical tourism market in the U.S. is estimated at US$30.5 Billion in the year 2023. China, the world’s second largest economy, is forecast to reach a projected market size of US$46.7 Billion by the year 2030 trailing a CAGR of 16.2% over the analysis period 2023 to 2030.

Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 8.2% and 9.9% respectively over the 2023-2030 period. Within Europe, Germany is forecast to grow at approximately 10.3% CAGR. Research and Markets