The global medical tourism market is experiencing remarkable growth, driven by factors such as cost-effective treatments, advanced healthcare technologies, and the increasing availability of specialized medical services across various countries. This article provides an in-depth analysis of the current market landscape, key players, recent developments, and future prospects.
The global medical tourism market was valued at USD 24.14 billion in 2023. It is expected to grow to USD 29.26 billion in 2024 and reach USD 137.71 billion by 2032, reflecting a compound annual growth rate (CAGR) of 21.4% over the period from 2024 to 2032.
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In February 2024, the Ministry of Tourism announced the launch of a unified platform for health tourism, encompassing both healing and medical services. This initiative involves collaboration with international experts to identify Egypt's healthcare tourism destinations and develop a comprehensive health tourism strategy aimed at attracting investments in this sector.