China Medical Tourism Market Eyes Robust US$ 45.98 Billion by 2033 with 16.1% CAGR | FMI

China Medical Tourism Market
China Medical Tourism Market

The China medical tourism market was worth US$ 8.9 billion in 2022, and it is predicted that it will grow at a CAGR of 16.1% to reach US$ 45.98 billion by 2033.

Factors such as decreased treatment costs in developing countries, accessibility to the most up-to-date medical technology, boosting compliance with international and local requirements for quality and service, along with promotion and marketing of medical tourism are expected to fuel market growth over the course of the projected period.

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Throughout the forecast time, it is anticipated that there will be a large rise in demand for medical tourism to China. China’s reputation as a country having a state-of-the-art medical infrastructure has increased as a result of its economy’s quick rise to one of the most prosperous in the world. This has directly contributed to the growth of China’s medical tourism industry. The growth of medical tourism in China also has a lot to do with government backing. There are significant trends that are favorable to the sector’s expansion and a bright forecast for the China medical tourism market.

Chinese people’s standards of beauty have slightly increased as a result of the success of Korean pop culture along with additional factors. The nation’s need for cosmetic procedures has surged due to the youthful population’s desire to improve their looks. China has been renowned for its traditional and spiritual culture for a very long time. Chinese herbal remedies are used over the world as complementary medicinal choices.

Acupuncture is a popular Chinese medical technique with Western patients who travel there for care. The demand for wellness services among foreign visitors to China is increased by medical tourists, together with the desire for real alternative treatments and procedures, opening up new opportunities for the Chinese medical tourism industry.

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Key Takeaways from the Market Study

  • The scope of the China medical tourism market increased significantly between 2018 and 2022, with a CAGR of 12.4%.
  • In China, the cosmetics treatment market share will be greater than 45% in 2022.
  • The wellness services segment of the China medical tourism market will hold a 34.8% market share in 2022.
  • Independent travelers were predicted to hold a 26.5% market share by travel type in 2022.
  • Male medical tourists accounted for a sizeable market share of over 40% in 2022.
  • The internet booking channel is the most popular one in the China medical tourism sector.

Key Players:

  • Beijing Saint Lucia Consulting Ltd.
  • Prem Community
  • Asia Pacific Medical Group
  • China Medical Tourism Inc.
  • Clifford Hospital
  • Continuum Healthcare Co. Ltd
  • com International
  • Dennis Consulting Yunnan Ltd.
  • Formera
  • Inner Mongolia Tourism Administration
  • Inter Partner Assistance Group
  • Elizabeth Hospital
  • BoaoYiling Life Care Center
  • Beijing Tongshantang Hospital of TCM
  • Easy Tour China Travel Co. Ltd.

Key Segments Profiled in the China Medical Tourism Market

By Treatment Type:

  • Dental Treatment
  • Cosmetic Treatment
  • Cardiovascular Treatment
  • Orthopedic Treatment
  • Neurological Treatment
  • Cancer Treatment
  • Fertility Treatment
  • Others

By Services:

  • Wellness Services
  • Therapeutic Services

By Tour Type:

  • Independent Traveler
  • Tour Group
  • Package Traveler

By Consumer Orientation:

  • Men
  • Women
  • Children

By Age Group:

  • 15-25 Years
  • 26-35 Years
  • 36-45 Years
  • 46-55 Years
  • 66-75 Years

By Booking Channel:

  • Phone Booking
  • Online Booking
  • In-Person Booking

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer, Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

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About the Author

Nikhil Kaitwade

Associate Vice President at Future Market Insights, Inc. has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in Automotive, Chemicals, Industrial Equipment, Oil & Gas, and Service industries.
His core competency circles around developing research methodology, creating a unique analysis framework, statistical data models for pricing analysis, competition mapping, and market feasibility analysis. His expertise also extends wide and beyond analysis, advising clients on identifying growth potential in established and niche market segments, investment/divestment decisions, and market entry decision-making.
Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.

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