Today, it is a multibillion dollar industry that is expected to increase by up to 25 percent per year over the next 10 years using visa transaction data we can see how much medical tourism has. It also offers brief descriptions of these cases of mortality in individuals who traveled abroad and. In 20, the global wellness institute gwi unveiled the inaugural edition of the global wellness tourism economy report a landmark study that defined the parameters and characteristics of the emerging wellness tourism sector, estimated its global size. Medical tourism market 2019 global industry analysis. Destination india 7 growth of middleincome class, with about 62 per cent households falling in this category in 20092010. Amy max 33 was on a long waiting list in the united states to receive stem cell treatment for her lymes disease. I am a regular speaker and commentator on medical tourism and the independent healthcare sector. The competitive landscape of the global medical tourism market is a consolidated one. Medical tourism is related to the travel of patients from one country to another in order to obtain medical treatment in that country. Global healthcare medical tourism since 2010, running by the global healthcare charitable trust, the medical tourism promoted by a group of medical professionals with over three decades of experience and distinguished medical practice, global healthcare tourism has been providing high quality and costeffective healthcare solutions on par with international standards in india for well over a. The global health tourism market accounted to usd 64,000. Medical tourism can be understood as a form of globalization which involves travel across.
Medical tourism market size, industry share and growth. Attend the 1st global medical tourism forum and tradeshow, with unlimited networking opportunities. It limits the analysis to news media reports that were in the public domain and were intended for public consumption. Understanding the impacts of medical tourism on health. Medical tourism is a rapidly growing global market which is now.
Voluntourism is a practice where physicians travel abroad to deliver health care. As described in figure 1, there are three categories of medical tourism. Prnewswire the medical tourism global market and figures 2018 report has been added to s offering. Medical tourism is a global health practice where patients travel abroad to receive health care. Medical tourists elect to travel across international borders to receive some form of medical treatment treatments may span the full range of medical services most common. Tourism industry, as the biggest service industry in the world, has received. The global medical tourism market size was valued at usd 44.
The financial benefits are well known, but the downsides can be significant, even deadly in some cases. The factors associated with the growth of the market include higher treatment cost in developed countries, availability of the latest medical technologies, growing compliance on international quality standards, high quality of service, health insurance portability, and advertising and. High treatment costs and long waiting times versus better. Medical tourism market growth, trends, forecast 2020. The global medical tourism market is among the fastestgrowing and also the most profitable in the healthcare sector.
Fortune business insights has published a premium research report on, titled, medical tourism market size, share and global trend by type domestic. One segment comprises of people who travel to other countries for rejuvenation purposes and the other comprises of people who. Our websites include international medical travel journal, treatment abroad, the medical tourism portal, doctorinternet, the arabic medical tourism portal and private healthcare uk, the uks leading site for private healthcare services. Medical tourism chapter 9 2020 yellow book travelers. It is estimated that the global medical tourism industry will grow at a compound annual growth rate of 17. In 20, the global wellness institute gwi unveiled the inaugural edition of the global wellness tourism economy report a landmark study that defined the parameters and characteristics of the emerging wellness tourism sector, estimated its global size, and highlighted its far reaching economic impacts. We conducted a qualitative case study of the medical. As wonderful as medical tourism sounds, there are some issues that should be considered prior to signing up to have your medical or surgical treatment in a foreign country. Risks and benefits of medical tourism verywell health. Urbanisation and spread of economic prosperity in the small and large urban areas, employment guarantee programmes for rural population, good telecommunication infrastructure and improved infrastructure such as roads and electricity. Ebooks and ejournals are hosted on igi globals infosci platform and available for pdf andor epub download on a perpetual or subscription basis. Oct 25, 2011 health tourism, which includes medical tourism, is generally defined as organised travel outside ones local environment for the maintenance, enhancement, or restoration of an individuals wellbeing in mind and body. Global medical tourism market figures 2018 supply chain. An introduction to medical tourism whitehead agency group.
Research and marketing has published the first report on the global medical tourism market. With the expansion on our global community, it is easier. Medical tourism generates direct foreign exchange income and contributes to the overall development of any economy. This consolidation of the global market is due to the presence of only of handful of notable players. Health tourism market global industry trends and forecast. The report highlights the various aspects and advantages of the fledgling global medical tourism sector. The 50% discount is offered for all ebooks and ejournals purchased on igi globals online bookstore.
Introduction to medical tourism medical tourism is not a new concept. Pdf medical tourism is considered as one of the tourism dimensions and it can. This discount cannot be combined with any other discount or promotional offer. Outbound medical tourism in 2007, an estimated 750,000 americans traveled abroad for medical care. The global medical tourism market is affected by poor quality outcomes and poor and slow response times experienced by medical tourists. Medical tourism market size,share forecast,industry report. It provides employment and business opportunities for residents.
Medical tourism market size, share, key segmentation. Medical tourism is a global health practice where patients travel internationally with the intention of receiving medical services. This treatment may span the full range of medical services, but most commonly includes dental. The global medical tourism market is mainly influenced by high medical treatment costs at native countries and easier treatment accessibility for health tourism patients. The leading players in the global medical tourism market are mainly concentrated on the program development, which can be highly attractive for patients from different regions.
In earlier days, wealthy patients from developing countries have long traveled to developed countries for high quality medical care. Pdf medical tourism is related to the travel of patients from one country to another in order to obtain medical treatment in that country. Health tourism is to travel across different countries for the benefit of medical treatment of the diseases which may not be accessible in the patients nation of origin. Although physician executives are certainly aware that some patients bypass their hospital. This chapter describes twentyseven reported cases of medical tourists who died during or shortly after undergoing cosmetic surgery or bariatric surgery abroad since 1993. Medical tourism market growth, trends, forecast 2020 2025. Pdf medical tourism is a modern concept, but not a new tourism practice. Department of psychology, university of cambridge, downing street, cambridge, cb2 3eb, england. Global medical tourism market is huge and growing emerging.
Reflections on medical tourism from the 2016 global. The global medical tourism market is expected to grow with a cagr of 8. Medical tourism market industry trends, opportunities. Medical tourism, also known as medical travel, surgical tourism or health tourism is promoted by governments of different countries to promote exceptional healthcare services provided by them. Medical tourism market size,share forecast,industry. Good public policies are needed to help make it happen. Following 31 reports of vimcrpa infections in the united states during the fall of 2018 to the cdcs antibiotic resistance laboratory networkincluding 6 linked to medical tourists who received care in mexicothe agency sent out an alert. Medical tourism market 2019 global industry share, demand. Based on mtas recently released medical tourism index, there are 41 countries participating in the global medical tourism market. The world medical tourism and global healthcare congresss vip program allowed me the opportunity to explore many new programs to help my clients cut benefit costs and offer their employees more choices in getting the best healthcare possible. A range of low, middle, and high income countries are encouraging investment in the medical tourism sector, including countries in the caribbean targeting patients in north america and europe. Medical tourism in the global context is at the rising trend in the third world because of affordability, cost, facility and expertise of some countries from the first world and also from the. A lead analyst at fortune business insights cites a research conducted by the medical tourism association which states that about 44. Although these medical tourism statistics show favorable figures, patients traveling abroad should research facts about the facilities and services regarding u.
By sharing performance and stories of sustainability initiatives, destinations around the world contribute to improving the consumers perception and opportunity to seek medical travel services around the world. Global healthcare medical tourism since 2010, running by the global healthcare charitable trust, the medical tourism promoted by a group of medical professionals with over three decades of experience and distinguished medical practice, global healthcare tourism has been providing high quality and costeffective healthcare solutions on par with. According to the international healthcare research center ihrc, medical tourism is. Medical tourism market size, share, key segmentation, value.
The medical tourism index measures and compares the consumer perception of medical tourism among leading destinations. B2b meetings are the key to success in building long term. Jul, 2017 in october 2016, the global healthcare policy and management forum was held at yonsei university, seoul, south korea. The mta works with healthcare providers, governments, insurance companies, employers and other buyers of healthcare in their medical tourism, international patient, and healthcare initiatives with a focus on. The goal of the forum was to discuss the role of the state in regulating and supporting the development of medical tourism. Medical tourism is a rapidly growing global market which is now being actively developed by both public and private sector tourism and healthcare organisations. Medical tourismlinked infections global health jama. Medical tourism association a global platform for the.
He was the french inventor of the essay, and was believed to be the father of luxury travel. Medical tourism market 2020 trends, size, growth, merger. History of medical tourism the postrenaissance period. Medical tourism market by treatment type and region. The medical tourism association is a global nonprofit association for the medical tourism and international patient industry. Conceptualizing the global and local social responsibilities of medical tourists and physician voluntourists. Whether you are receiving surgery in the us or abroad, there are always risks involved. Global medical tourism market 2019 insights on treatment. However, in the past few years the world has seen a boom in medical tourism, both in practice and in the press. Regulation of the medical tourism and public health sectors overlap in many instances, raising questions of how patient safety, economic growth, and health equity can be protected.
Medical tourism occurs when consumers elect to travel across international borders with the intention of receiving some form of medical treatment. Pdf medical tourism market trendsan exploratory research. Broadly speaking, medical tourism is the act of traveling to obtain medical care. Medical tourism market size, global industry report, 2027. The upcoming market report contains data for historic years 2015, the base year of calculation is 2017 and the forecast period is 2018 to 2025. Global medical tourism market size and share analysis to 2025. Medical tourism market to grow exponentially over 20142020. The case of guatemala is used to explore how the regulatory challenges posed by medical tourism should be dealt with in countries seeking to grow this sector. Global share of medical tourism market size to reach usd.
As the analysis of this complex field shows, there are many. Best practices in medical tourism are few and far between global. The treatment might incorporate a wide cluster of therapeutic services. He helped write the earliest documented spa guide in medical tourism history. In october 2016, the global healthcare policy and management forum was held at yonsei university, seoul, south korea. Accordin g to the global tourism moni tor survey, india is on the 60 th place. Electronic pdf the global medical tourism market size is expected to reach usd 207. The 1st global medical tourism forum in lebanon, the port of entry to the middle east and europe. Pdf medical tourismhealth care in the global economy. Availability of additional benefits including better healthcare, latest technologies, innovative medicines, modern devices, better hospitality, and personalized care are some of the drivers of this market. Care and management of traveling international patients. According to the report, global medical tourism market was valued at approximately usd 15.
Medical tourism comprises of two different segments. Medical tourism is transitioning towards medical value travel mvt medical tourism may be defined as activities related to travel and hosting a foreign tourist who stays at least one night at the destination region for the purpose of maintaining, improving or restoring health through medical intervention3. Medical tourism is related to the travel of patients from one country to another in order to. Global medical tourism market size is touted to exhibit an impressive 21. South africa has emerged as the clear leader as a medical tourist destination on the african continent, with morocco and tunisia well positioned. According to medical tourism market 2020 global industry analysis report published by fortune business insights, the global medical tourism market size is to expand at highest cagr and will. By 2017, over 15 million americans are expected to travel overseas each year to have at least one medical procedure completed. Medical tourism destinations for us residents include argentina, brazil, costa rica, cuba, india, malaysia, mexico, singapore, and thailand. Monitoring medical tourism trends only a few years ago, medical tourism was a blip in overall global tourism spending.
Emergence of developing economies of asia pacific as major hubs for medical tourism, posing themselves as affordable healthcare centers is a characteristic feature of this market. The global growth in the flow of patients and health professionals as well as. Sep 26, 2019 the global medical tourism market is one of the fastest emerging markets and governments all over the world are actively promoting its expansion. Although physician executives are certainly aware that some patients bypass their hospital, clinic or ambulatory surgery center on the way to the airport to have care in other cities, they may be somewhat surprised to learn that an increasing number of patients are traveling to a wide variety of destinations around the world for medical, surgical and dental care.