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The medical tourism industry has been predicted to have a 100-billion dollar turnover
Last reviewed: 30.06.2025
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By 2012, the global medical tourism industry turnover will reach $100 billion. This forecast was made by experts from the consulting company Frost and Sullivan, The Times of India reports. According to business researchers, in 2010, the turnover of medical tourism was $78.5 billion. More than three million people received treatment abroad. The medical tourism industry is currently growing by 20-30 percent annually, and, according to researchers, this trend will continue in the coming years. Europe and, in particular, Germany, which is considered the best choice for patients from all over the world, including the United States, Great Britain and the Middle East, have remained the largest center of medical services for foreigners for many years. It is followed by Thailand, India and Malaysia. According to experts, about 20 percent of medical tourists are residents of the Middle East. Citizens of the United Arab Emirates alone spend about two billion dollars a year on treatment abroad. According to a 2008 report by the international consulting company on strategic management McKinsey and Company, 40 percent of patients go abroad for treatment to receive high-tech assistance. 32 percent expect a higher quality of medical services than in their own country, 15 percent are interested in speedy treatment, and only nine percent are treated abroad to save money.