Medical Tourism Market to reach USD 70.18 Billion by 2032, and grow at a CAGR of 24.52%
The global medical tourism market is poised to expand in the next few years. The medical tourism market is expanding with an increase in healthcare technology, greater accessibility, and growing demand for desired treatment internationally. The advent of high health service costs in home countries is the major factor boosting market growth. Increasing emphasis on R&D for the development of innovative healthcare is anticipated to drive market growth over the forecast period. In the coming decade, it is estimated that developing countries will also cater to patients from outside their nation seeking for state of art treatments such as robotic surgery and oncology treatment, etc.