Medical Tourism Market Size

Medical Tourism Market size was over USD 12.49 billion in 2024 and is poised to reach USD 53.24 billion by the end of 2037, witnessing around 11.7% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of medical tourism is assessed at USD 13.67 billion.

The growth of the market is primarily attributed to the rising number of people traveling to other countries to get medical care. Based on the data published by the Medical Tourism Association (MTA), it was estimated that nearly 14 million people travel across the globe to receive required medical care.

Global medical tourism market trends such as the rising prevalence of hip & knee replacement and angioplasty and escalation in the spending on medical technology across the globe are projected to influence the growth of the market positively over the forecast period. The total spending on medical technology in 2019 was estimated to reach USD 30 billion while the total volume generated by medical technology across the globe was projected to be around USD 450 billion. Moreover, medical tourism is a term when people travel across the country to receive medical treatment for several medical conditions. Hence, all these factors are expected to hike the growth of the market over the forecast period.