Medical tourism industry is a term that has ascended from the fast development of an industry where individuals from all around the globe travel to different nations to acquire restorative, dental, and surgical consideration while simultaneously visiting, traveling, and completely observing the attractions of the nations that they are visiting. The term, “Worldwide Healthcare”, has developed and may supplant the prior terms. Such administrations normally incorporate elective systems just as intricate medical procedures, for example, joint replacement, cardiovascular surgery, dental medical procedure, and restorative medical procedures.
There are a few purposes behind the expansion in medical tourism industry. To start with, the socioeconomics of the developed countries are creating a huge market for medicinal services. In Japan, the United States of America, the United Kingdom and numerous other European countries, the extent of the populace older than 60 years, is increasing quickly. Comparable patterns are being seen in numerous nations over the world. Simultaneously, life expectancy in many nations has likewise expanded consistently throughout the years; the joined outcome is huge strain on national medicinal services frameworks. The failure of numerous healthcare frameworks, by and large, leads to compromised of administration, diminished access and insignificant expensive treatments. This drives numerous people to look for options in contrast to domestic medical services.
The global medical tourism market was valued at $53,768 million in 2017, and is estimated to reach at $143,461 million by 2025, registering a CAGR of 12.9% from 2018 to 2025.