The Medical Tourism market first developed in developed countries in Europe and America. In the early stage of the development of this industry, due to the advanced medical technology in developed countries, a large number of tourists from other countries were attracted to seek medical treatment and travel there. Subsequently, with the continuous development of the Medical Tourism industry, the medical service levels in some developing countries have been constantly improving. Coupled with relatively low medical costs, tourists have begun to be drawn from developed countries to developing countries. According to the World Health Organization's prediction, by 2022, the tourism industry will account for 11% of the global GDP, while the health industry will make up 12%, becoming the world's largest industry. Cross-border medical care, as an organic combination of the two major industries, will account for 22% of the global GDP and become a new growth point for global economic development.
The Medical Tourism market is segmented by geographical location into North America, Europe, the Asia-Pacific region, South America, the Middle East and Africa. The countries (regions) with relatively mature Medical Tourism development include Thailand, the United States, Japan, South Korea, India, Indonesia, Costa Rica, etc. In addition, the Medical Tourism industry is also developing rapidly in Hong Kong and Taiwan regions of China.
From the perspective of the global Medical Tourism market potential, the major rapidly developing countries in Asia are becoming new battlefields that investors from all over the world are competing for. According to relevant reports, Singapore, India, Thailand and others have become the top three in the Asian Medical Tourism market.
In addition to high-end services such as physical examinations, genetic testing, and chronic disease treatment, popular options for outbound health and wellness tourism include anti-aging beauty and plastic surgery, body detoxification, yoga and meditation, Zen meditation and worship, as well as overseas health and wellness tourism mainly focused on fitness.
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