Global Medical Tourism Market Report 2024 – Korea, Malaysia, Thailand and India Get the Most Business from Asia and Africa, while China and Iran get the Most Business Locally

DUBLIN, March 22, 2024 /PRNewswire/ — The “Global Medical Tourism: Numbers, Prospects and Problems” report has been added to  ResearchAndMarkets.com’s offering.

Medical tourism has been touted as the next big thing for many years. Does medical tourism offer potential for countries? This groundbreaking report looks at the real numbers, opportunities and problems.

Medical tourism refers to the practice of individuals traveling across borders to receive medical treatment or healthcare services. Does medical tourism offer potential for countries or is it one big hype?

This global phenomenon has gained significant traction in recent years due to various factors such as cost savings, high-quality healthcare facilities, and accessibility to advanced medical treatments. There are several benefits to a local economy from medical tourism: revenue generation, job creation, infrastructure development, increased tax revenue, promotion of local businesses, and enhanced reputation.

Patients seek medical tourism for procedures ranging from elective surgeries and cosmetic treatments to complex medical interventions

Some countries have been successful while others have been so then faded, while others have failed. Many have made promises about becoming profitable and popular destinations but few have succeeded. Success does not happen by accident needs large amounts of state time, money, and a real strategy.

This report explains why some will be winners and others will be losers. It also highlights key safety problems that need to be solved rather than ignored. Country profiles and tables offer statistics not available elsewhere

Key Trends

The greater proportion of medical travel is regional or domestic within a country.The increasing cost of air travel and decreased wish to travel a long distance combined means long-distance medical tourism is fading.Many medical tourists do not seek out the cheapest destination.Much medical tourism is for cosmetic, fertility, or dental treatment.Medical tourists are increasingly being courted by nations in an organised way.The key drivers for medical tourism are the lack of insurance and services (in the patient’s home country), lower costs, better quality care, procedures unavailable at home, and shorter waiting periods.Practices like opening offices in source markets; raising awareness about their competitive edge, effective communication, and offering ease of visa and travel bundled with tourism and treatment are popular strategies.Healthcare businesses are setting up physically in another country.Domestic medical tourism is often ignored

Overview

Most medical tourism reports tell you that it will grow 20% a year as if it is all one. In reality, some countries succeed and some fail. Some types of medical tourism do better than others. Many countries and businesses have failed badly.

This report has the latest information, trends, facts, and figures on medical tourism. Most reports fail to tell you that medical tourism is not one big global market but is made up of sub-segments with differing reasons for medical travel. What they also ignore is that while a handful of countries are making money, the amount of time and money the state has spent to make that happen is massive.

Many countries and businesses have entered medal tourism only to fail after costly expenditure as they believed the hype from so-called experts. Some try to tell you that it is all based on US patients, but apart from Mexico, that is not true.

Korea, Malaysia, Thailand, and India get the most business from Asia and Africa, while China and Iran get the most business locally.

Key Topics Covered:

Key trendsHistory of medical tourismWellness and medical tourismDefining medical tourismUNWTO definitionsMarket sizeInternational patientsGlobal medical tourism figures by countryGlobal medical tourism country figures illusionsUNWTO/ETC report on health tourismGlobal potential of health and wellbeing tourismEuropean Parliament report on health tourismMedical tourism revenueMedical tourism global numbersGlobal medical tourism potentialMedical tourism in the futureMedical tourism traditionalMedical Tourism New definitionsHow medical tourism is changingHow medical tourism needs to changeMedical tourism strategy and planningRegional promotion LatamDiasporic medical tourismValue state paid patientsTaking hospitals to the patientsHow medical tourism will evolveHow to build a medical tourism destinationMoving away from the pricePrice versus qualityDomestic medical tourismHotels and medical tourismArtificial intelligenceUSA Insurers restrict treatment in MexicoGeopolitical problemsGlobal overview

Medical tourism winners

DubaiHainanIranMalaysiaThailand

Medical tourism losers

Abu DhabiGermanyHungaryJordanPhilippines

Medical tourism hopefuls

EgyptEthiopiaGhanaPakistanSaudi Arabia

Problem areas and countries

Surgery in MexicoDisease in MexicoSafetyLegal and ethical issuesMedical negligenceDental tourism problems after going to MexicoUSA medical tourism deaths after going to MexicoUK medical tourism deaths after going to TurkeyIreland medical tourism deaths after going to TurkeyIrish Medical Journal bariatric medical tourismMedical tourism does not allow for complicationsLondon experience of gastric surgery tourismCosmetic surgery problems studyOrgan transplant rackets in IndiaAmerican deaths – cosmetic surgery in the Dominican RepublicDangers of cosmetic surgery in South KoreaMedical tourism fraud in TurkeyMedical spa warning

Medical travel agents

DistributionAgentsAgency regulationsAgency requirements of hospitalsTravel agencies and tour operatorsMedical tourism treatments and typesAddiction treatmentBirth tourismCancerChild medical tourismCosmetic surgeryDental implantsDental tourismDental care in EuropeDiabetes treatmentElderly careEye careFertility treatmentHair transplant surgeryMedical spasObesity treatmentOrgan transplantsProcreation tourismSex change tourismSpasSpas and medical tourismSports medical tourismStem cell treatmentSurrogacyInsuranceMedical tourism and insuranceTravel InsuranceCompulsory travel health insuranceMedical tourism insuranceMedical negligence and insuranceMedical negligence – medical complications insuranceInsurers as medical tourism agentsPrudential cross-border cashless cancer treatmentEuropean Health Insurance CardMedical tourism customersAdvertising regulationAirlinesAppsCarersCultural sensitivityDiasporaDirect chatEU cross-border healthcareEU cross-border healthcare in EFTA countriesEuropean standards on cosmetic surgeryEuropean standards on non-surgical medical proceduresHotels and medical tourismLBGTXLuxury travelMedical price comparison sitesMobile technologyMuslimsOlder patientsPrice comparisonsPrice regulationSecurity and terrorismSmartphonesSocial mediaTaking time to be a touristVideosWaiting timesWhy do people become medical tourists

Accreditation

International medical accreditationAccreditation newsACHC InternationalACHSIAcreditas GlobalAccreditation CanadaAmerican Accreditation Commission InternationalAccreditation Commission for Health CareCOHSASAGlobal Healthcare AccreditationJoint Commission InternationalKTQ InternationalQUAD ATemos International

Accreditation organisations

American Accreditation Commission InternationalAccreditation CanadaACHC InternationalACHS InternationalAcreditas GlobalCHKSCOHSASADNV-GL HealthcareGlobal Healthcare AccreditationInternational Society for Quality in Health Care External Evaluation OrganisationInternational Society for Quality in Health CareJoint Commission InternationalKTQ InternationalQUAD ATemos International

Medical Tourism Country Profiles 2024

The world’s only detailed country profiles of 172 countries involved in medical tourism.

Inbound medical tourism 2019/2020/2021/2022/2023Inbound health and wellnessOutbound medical tourismTourists 2019/2020/2021/2022/2023Medical tourism revenue USD 2019/2020/2021/2022Population 2024DiasporaOverviewPotentialMedical tourism numbers inReliability of numbersMedical tourism numbers targetsHealth tourism numbers inHealth tourism numbers targetsMedical tourism visasWhere medical tourists come fromWhy inbound medical tourists go thereInbound medical tourism treatmentsHospitals and clinics in medical tourismTarget markets by countryMedical tourism promotionMedical tourism financial incentives and grantsMedical tourism at airports and airlinesHealth tourismHealth tourism promotionHealth tourism financial incentives and grantsMedical tourism revenueMedical tourism revenue targetsHealth tourism revenueHealth tourism revenue targetsMedical tourism numbers outMedical tourism outbound spendingWhere medical tourists goWhy outbound medical tourists go abroadHealth insurers and medical tourismDomestic medical tourismMedical tourism regulationMedical tourism price regulationPromotional organisations

For more information about this report visit https://www.researchandmarkets.com/r/z4x5az

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