That medical tourism market would be worth more than $5.2 billion in 2022. The size of the medical tourism industry is expected to grow by one CAGR of 30.5% between 2022 and 2032. FMI forecasts that the market will be worth $75 billion by 2032.

As more Americans travel abroad to seek medical treatment, the country’s medical tourism has also increased significantly.

The Joint Commission International (JCI), a not-for-profit organization, assesses the quality and standards of healthcare facilities around the world. In fact, JCI accreditation is internationally recognized as a benchmark for quality care in hospitals and clinics. In the US, JCI has accredited nearly 15,000 hospitals across the US

Between 2020 and 2030, the market is expected to show a CAGR of 12.3% as the number of medical tourists is expected to increase by 11% over the same period. Factors such as rising health care costs in the West, increasing occurrence of chronic conditions, and increasing demand for various cosmetic procedures have led to a rapid increase in medical tourism.

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The availability of cheaper treatment options abroad without compromising on the general standard and quality of healthcare services is the main driver of medical tourism in the east. The field contributes significantly to revenue generation in developing countries, which has motivated state aid

The central theses:

• The US is expected to lead in health travel spending, however, China’s spending is expected to increase significantly in the coming years
• Among the services of medical tourism, therapeutic services are in great demand. Wellness services are also gaining traction as more medical tourists seek meditation and wellness retreats
• Telephone and online booking remain the preferred forms of…