The China medical tourism industry was worth US$ 8.9 billion in 2022, and it is predicted that it will grow at a CAGR of 16.1% to reach US$ 45.98 billion by 2033.
Factors such as decreased treatment costs in developing countries, accessibility to the most up-to-date medical technology, boosting compliance with international and local requirements for quality and service, along with promotion and marketing of medical tourism are expected to fuel market growth over the course of the projected period.
Throughout the forecast time, it is anticipated that there will be a large rise in demand for medical tourism to China. China’s reputation as a country having a state-of-the-art medical infrastructure has increased as a result of its economy’s quick rise to one of the most prosperous in the world. This has directly contributed to the growth of China’s medical tourism industry. The growth of medical tourism in China also has a lot to do with government backing. There are significant trends that are favorable to the sector’s expansion and a bright forecast for the China medical tourism industry.
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Chinese people’s standards of beauty have slightly increased as a result of the success of Korean pop culture along with additional factors. The nation’s need for cosmetic procedures has surged due to the youthful population’s desire to improve their looks. China has been renowned for its traditional and spiritual culture for a very long time. Chinese herbal remedies are used over the world as complementary medicinal choices.
Acupuncture is a popular Chinese medical technique with Western patients who travel there for care. The demand for wellness services among foreign visitors to China is increased by medical tourists, together with the desire for real alternative treatments and procedures, opening up new opportunities for the Chinese medical tourism industry.
Key Takeaways from the Market Study
- The scope of the China medical tourism industry increased significantly between 2018 and 2022, with a CAGR of 12.4%.
- In China, the cosmetics treatment market share will be greater than 45% in 2022.
- The wellness services segment of the China medical tourism industry will hold a 34.8% market share in 2022.
- Independent travelers were predicted to hold a 26.5% market share by travel type in 2022.
- Male medical tourists accounted for a sizeable market share of over 40% in 2022.
- The internet booking channel is the most popular one in the China medical tourism sector.
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Key Players:
- Beijing Saint Lucia Consulting Ltd.
- Prem Community
- Asia Pacific Medical Group
- China Medical Tourism Inc.
- Clifford Hospital
- Continuum Healthcare Co. Ltd
- com International
- Dennis Consulting Yunnan Ltd.
- Formera
- Inner Mongolia Tourism Administration
- Inter Partner Assistance Group
- Elizabeth Hospital
- BoaoYiling Life Care Center
- Beijing Tongshantang Hospital of TCM
- Easy Tour China Travel Co. Ltd.
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Key Segments Profiled in the China Medical Tourism Industry
By Treatment Type:
- Dental Treatment
- Cosmetic Treatment
- Cardiovascular Treatment
- Orthopedic Treatment
- Neurological Treatment
- Cancer Treatment
- Fertility Treatment
- Others
By Services:
- Wellness Services
- Therapeutic Services
By Tour Type:
- Independent Traveler
- Tour Group
- Package Traveler
By Consumer Orientation:
- Men
- Women
- Children
By Age Group:
- 15-25 Years
- 26-35 Years
- 36-45 Years
- 46-55 Years
- 66-75 Years
By Booking Channel:
- Phone Booking
- Online Booking
- In-Person Booking
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