The global medical tourism market is witnessing significant growth as patients seek affordable, high-quality healthcare services across borders. Driven by rising treatment costs in developed countries, long wait times, and increased availability of advanced medical procedures abroad, the market continues to expand. Popular destinations such as India, Thailand, Malaysia, Mexico, and Turkey offer services ranging from elective surgeries and dental care to fertility treatments and cosmetic procedures. Factors such as improved international healthcare accreditation, streamlined visa policies, and advancements in telemedicine are further propelling the demand for medical tourism worldwide.
According to Fortune Business Insights, the global medical tourism market size was valued at USD 31.23 billion in 2024. The market is projected to grow from USD 38.20 billion in 2025 to USD 162.80 billion by 2032, exhibiting a strong CAGR of 23.0% during the forecast period. Europe dominated the medical tourism market with a 36.41% share in 2024.
In October 2024, KPJ Healthcare in Malaysia, in collaboration with Malaysia International Healthcare, hosted the “Malaysia International Healthcare Megatrends 2024” event at the Kuala Lumpur Convention Centre. The forum showcased the latest advancements in medical technologies and healthcare solutions.