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 growth, size, share, trends, and 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 people journeying to various countries or regions for the purpose of receiving medical care, undergoing surgeries, or accessing healthcare services. This broad category of services spans elective cosmetic procedures, intricate surgical interventions, and advanced medical therapies. Patients opt for this approach to healthcare based on factors such as the quality and reputation of medical facilities, the expertise of healthcare professionals, and the cost-effectiveness of treatments compared to their home country. This approach offers numerous advantages, including access to state-of-the-art medical technologies and the potential for financial savings. However, it also entails the need for thorough research into healthcare providers, understanding cultural and language variations, and organizing post-treatment care.
South Korea Medical Tourism Market Trends and Drivers:
One of the key drivers behind the increasing demand for medical tourism in South Korea is the growing reputation of its medical institutions and healthcare professionals among the general population. Furthermore, the escalating costs of medical procedures in many Western countries are fueling the expansion of medical tourism within South Korea. Additionally, the country's positive market growth is being influenced by the increasing adoption of cutting-edge medical technologies and procedures, including plastic surgery, dermatology, and stem cell therapy. Moreover, stringent regulations and measures enforced by government agencies to safeguard the safety and well-being of patients are also contributing to the growth of the market.
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.
About Us:
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
Contact Us:
IMARC Services Private Limited.
134 N 4th St. Brooklyn, NY 11249, USA
Email: Sales@imarcgroup.com
Tel No:(D) +91 120 433 0800
Americas:- +1 631 791 1145 | Africa and Europe :- +44-702-409-7331 | Asia: +91-120-433-0800, +91-120-433-0800
