Medical Tourism Growth and Projections for 2032
Monday, 9 September 2024, 05:31
Overview of Medical Tourism
Medical tourism encompasses travel to foreign destinations to obtain medical care. It has become a significant trend, especially as treatments can often be more affordable in underdeveloped countries.
Factors Driving Market Growth
- Affordable and advanced medical treatments
- Lack of insurance coverage in several nations
- Increased awareness of medical services abroad
Projected Growth Rate
The medical tourism market is projected to reach US$ 80.07 billion by 2032, reflecting a remarkable CAGR of 24.7% from 2024 to 2032. This growth indicates an increasing number of patients seeking quality healthcare options at reduced costs.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.