The global medical tourism market is anticipated to grow at a 14.9 percent compound annual growth rate through 2025, based on a Transparency Market Research report, according to Perfect Investor.
Here are four insights:
1. The Asia-Pacific region dominates the global medical tourism market. Europe, Latin America, Middle East and Africa and North America follow.
2. Cost-effective medical treatment and growing compliance with international quality standards are boosting the medical tourism market.
3. In 2016, the orthopedics segment captured a large part of the medical tourism market.
4. India and Thailand will see growth in their medical tourism markets due to improved healthcare infrastructure, economic growth, an increase in the number of payers and more.