The market size for intrabound medical tourism was valued at US$ 20.6 million in 2023, and it is anticipated to expand at 10.20% annually to reach US$ 54.4 million by 2033.
Intrabound medical tourism refers to the phenomenon where individuals seek medical treatment or procedures within their own country. This emerging market has gained significant attention in recent years, as many people are opting to stay within their home country for healthcare services instead of traveling abroad. The intrabound medical tourism market is driven by various factors, including:
- The increasing demand for specialized treatments.
- The availability of advanced medical technologies and facilities.
- The rising healthcare standards within the domestic healthcare systems.
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Patients often choose to undergo medical procedures domestically to benefit from the expertise of local healthcare professionals and to have access to high-quality healthcare services without the need for international travel.
The intrabound medical tourism market encompasses a wide range of medical services and treatments, including elective surgeries, cosmetic procedures, dental treatments, fertility treatments, and wellness services.
Patients have access to a comprehensive range of healthcare options within their own country, with advancements in medical technology and the increasing availability of specialized healthcare facilities. Moreover, governments and healthcare providers are recognizing the potential of intrabound medical tourism and are actively promoting and investing in the development of their domestic healthcare infrastructure.
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Key Takeaways:
- The United States dominates the intrabound medical tourism market in the North America region with a value share of 16.0% in 2022. People living in America are increasingly embracing the advantages of medical tourism, leading to the growth of top cancer centers, research hospitals, and specialty hubs.
- India’s intrabound medical tourism industry is anticipated to expand at a rate of 13.0% during the predicted period. The country’s superior healthcare services, rising healthcare spending, infrastructure upgrades, and super specialized hospitals are encouraging demand for intrabound medical tourism.
- The United Kingdom’s intrabound medical tourism sector is showing a transformative 15.0% CAGR between 2023 and 2033. The country has become a hub for cutting-edge orthopedic treatments and therapies, attracting patients with difficult and unusual orthopedic conditions. Moreover, the United Kingdom’s renowned experts and outstanding medical facilities contribute to its leadership in medical research.
- The cosmetic treatment segment holds a significant share of 19.0% in the intrabound medical tourism market. Factors like advanced technology, skilled healthcare professionals, competitive pricing, and the desire for aesthetic improvements drive the popularity of cosmetic treatments among medical tourists.
- The wellness services segment holds a prominent share of 35.0% in the intrabound medical tourism market. Medical tourists seek destinations that offer a wide range of wellness services to enhance their physical, mental, and emotional health.
Recent Developments
- The Medical Tourism Association (MTA) established cooperation with Korea Tourism Organisation (KTO) in July 2019, due to the significant complexity of medical services supplied by South Korea to overseas patients.
- Egypt announced the commencement of a program to give modern medical and therapeutic treatments to overseas patients in November 2021.
- A lot of firms have taken various moves and issued a variety of bargains and offered benefit to both hospitals and visitors. For example, from April 2022 to September 2022, Bangkok Hospital offered a particular treatment for ICL surgery.
Segmentation Analysis of the Intrabound Medical Tourism Market
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
By Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia
- Oceania
- The Middle East & Africa
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