Medical Tourism Market Rising in United States and Europe | Future Scope
The worldwide Medical Tourism Market size reached USD 11.56 billion in 2020. The market value is predicted to rise from USD 13.98 billion in 2021 to USD 53.51 billion in 2028 at a CAGR of 21.1% between 2021 and 2028. Dramatic advances in the healthcare sector fueled by the introduction of novel medical devices and non-invasive procedures are fueling the rise of medical tourism globally, states Fortune Business Insights™ in its report titled “Medical Tourism Market, 2021-2028”. Medical tourism has gained immense traction across the world, especially across developed regions. The Medical Tourism Association (MTA) reports that more than 14 million individuals worldwide travel to other countries for medical treatment each year. Moreover, according to a report by McKinsey & Company, 40% of people travel to countries to seek medical care from highly trained professionals and through advanced healthcare technology. Availability of lower-cost treatment in numer...