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 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 is the act of individuals journeying to various countries or regions in pursuit of medical care, surgical procedures, or other healthcare services. This broad category covers a spectrum of offerings, such as elective cosmetic enhancements, intricate surgical operations, and advanced medical therapies. This approach empowers patients to select their destination based on factors like the esteemed reputation of healthcare institutions, the expertise of healthcare professionals, and the comparative cost-effectiveness of treatments in contrast to their home nation. The practice yields substantial advantages, including access to state-of-the-art medical technologies and the potential for economic savings. Engaging in medical tourism also entails tasks such as researching healthcare providers, navigating cultural and language disparities, and making arrangements for post-treatment care.
South Korea Medical Tourism Market Trends and Drivers:
Medical tourism is the act of individuals journeying to various countries or regions in pursuit of medical care, surgical procedures, or other healthcare services. This broad category covers a spectrum of offerings, such as elective cosmetic enhancements, intricate surgical operations, and advanced medical therapies. This approach empowers patients to select their destination based on factors like the esteemed reputation of healthcare institutions, the expertise of healthcare professionals, and the comparative cost-effectiveness of treatments in contrast to their home nation. The practice yields substantial advantages, including access to state-of-the-art medical technologies and the potential for economic savings. Engaging in medical tourism also entails tasks such as researching healthcare providers, navigating cultural and language disparities, and making arrangements for post-treatment care.
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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