Global Medical Tourism Market to Rise Over $30 bn by 2019: Research

January 5, 2015

(Times of India) – Global medical tourism market will rise to $ 32.5 billion by 2019 on account of rising healthcare costs in developed countries, like the US and improved standards of healthcare technology and services in nations like India and China, a research says. The surging costs of healthcare and medical insurance in the US will give a rise to global medical tourism which will register a compound annual growth rate (CAGR) of 17.9 per cent from 2013 to 2019, according to the research titled “Medical Tourism Market (India, Thailand, Singapore, Malaysia, Mexico, Brazil, Taiwan, Turkey, South Korea, Costa Rica, Poland, the Philippines and Dubai).