Posted by South Korea Medical Tourism Market Overview 2023-2028
IMARC Group, a leading market research company, has recently releases report titled “South Korea Medical Tourism Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the South Korea medical tourism market report, share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
The South Korea medical tourism market size reached US$ 1.8 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 2.5 Billion by 2028, exhibiting a growth rate (CAGR) of 5.7% during 2023-2028.
Medical tourism involves individuals traveling to various countries or regions for medical purposes, such as treatment, surgery, or healthcare services. This broad category encompasses elective cosmetic procedures, intricate surgeries, and advanced medical treatments. Patients opt for destinations based on the quality of healthcare facilities, the expertise of healthcare practitioners, and the cost-effectiveness of treatments in comparison to their home country. Medical tourism offers substantial advantages, including access to state-of-the-art medical technologies and the potential for cost reduction. It also entails thorough research into healthcare providers, navigating cultural and language disparities, and making post-treatment care arrangements.
South Korea Medical Tourism Market Trends and Drivers:
The surge in popularity of medical institutions and healthcare practitioners has emerged as a leading catalyst fueling the demand for medical tourism in South Korea. Furthermore, the escalating expenses associated with medical procedures in numerous Western nations are propelling the expansion of medical tourism within the country. Additionally, the increasing embrace of cutting-edge medical technologies and treatments, including plastic surgery, dermatology, and stem cell therapy, is exerting a positive impact on the market. Beyond this, the implementation of stringent regulations and measures by governmental agencies in South Korea to safeguard the safety and welfare of patients is fortifying market growth.
South Korea Medical Tourism Market 2023-2028 Analysis and Segmentation:
Top Key Players covered in this report are Ajou University Medical Center, Banobagi Plastic Surgery, CHA Fertility Center, Injeuniversity Haeundae Hospital, JK Plastic Surgery Center, Keimyung University Dongsan Hospital, Korea Medical Hub, Nasaret International Hospital, Sun Medical Center and Wonkwang University Hospital
The report segmented the market on the basis of region, type and treatment type.
Breakup by Type:
- Outbound
- Inbound
- Intrabound
Breakup by Treatment Type:
- Cosmetic Treatment
- Dental Treatment
- Cardiovascular Treatment
- Orthopaedic Treatment
- Bariatric Surgery
- Fertility Treatment
- Ophthalmic Treatment
- Others
Key highlights of the report:
- Market Performance (2017-2022)
- Market Outlook (2023- 2028)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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