Updated: June 16, 2021
Medical Tourism Market is Expected to Reach $143.8 Billion by 2022. Read more at:
Medical tourism can be broadly defined as travel across international borders with the purpose of availing medical treatment, which may or may not be available in one’s own country. This treatment may include a wide array of medical services; however, the most frequently availed services include, cancer treatment, orthopedic treatment, elective surgery, and fertility treatment.
The major factors that boost the market growth include, affordability, availability, and accessibility of superior quality healthcare services with healthy support and assistance from tourism departments & local governments. In addition, increasing incidence of cancer and other serious ailments is anticipated to drive the demand for healthcare services, which in turn is expected to drive the world medical tourism market. Limited coverage and lengthy partial reimbursement offered by insurance companies along with difficulties associated with cross border travel, such as language barriers, connectivity, documentation, and Visa approval issues, are likely to restrict the market growth.