This statistic shows the value of the leading medical travel destinations worldwide as of 2018. As of that time, medical tourism in the United States was valued at around *** billion U.S. dollars.

In 2018, ** percent of medical tourists in Thailand came from East Asia. This was followed by medical tourists from Europe, accounting for another ** percent. Thailand was one of the most popular destinations for medical purposes in Southeast Asia among foreign visitors because of the reasonable prices and high medical standards.

Value of medical tourism in Thailand Since 2016, Thailand had been promoting medical tourism as part of the Thailand 4.0 policy, aiming to position the country as the medical hub of Asia. With the support of heavily promoted campaigns and publicity, the value of medical tourism in Thailand reached around *** million U.S. dollars in 2018, which ranked Thailand as the fourth-most popular countries worldwide for medical tourism.

Healthcare capacity in Thailand Since 2010, the number of doctors in Thailand had gradually increased, amounting to almost ** thousand in 2019. With that number, the ratio of doctors to population in Thailand was one doctor per approximately *** thousand population. As it was expected that Thailand would welcome more medical tourists in the future owing to the Thailand 4.0 policy, Thai healthcare resources would need to be improved to meet these demands.

The revenue generated from medical tourism in Malaysia reached an estimate of 2.72 billion Malaysian ringgit as of 2024. This was a significant increase compared to the revenue in 2021, which was 600 million Malaysian ringgit. The medical tourism industry in Malaysia suffered during the two-year travel restrictions caused by the COVID-19 pandemic, which resulted in a vast decrease in revenue. Leading medical destination in Southeast Asia Malaysia is well known as a leading medical destination in Southeast Asia. In 2024, there were more than 1.5 million people who traveled to Malaysia for medical purposes. According to the Malaysian Investment Development Authority (MIDA), 60 percent of medical tourists come from the neighboring country, Indonesia. Penang is a popular medical destination city, especially for Indonesians, due to its proximity to Sumatra, one of the largest islands in Indonesia. In 2022, the Peninsular state generated more than 285 million Malaysian ringgit in revenue from medical tourism. Quality private medical care Medical travelers would usually go to private hospitals for their medical treatments. The Malaysian private healthcare system is well-developed and works to complement the public healthcare system. Many renowned Malaysian private hospitals that are popular among international visitors offer world-class medical care with the latest technology. In 2023, there were 212 private hospitals in Malaysia, representing a larger number compared to public hospitals.

India's Medical Tourism Market is segmented by treatment type (dental treatment, cosmetic treatment, cardiovascular treatment, orthopedic treatment, neurological treatment, cancer treatment, fertility treatment, and others) and service provider (public and private). The report offers market size and forecasts in value (USD) for the above segments.

In 2018, the actual number of medical tourists from Singapore traveling to South Korea for medical treatments stood at around *** thousand. A total of almost *** thousand foreigners came to South Korea that year as medical tourists, the highest number in the past ten years. South Korea is a popular destination for medical tourism since it offers advanced medical facilities and technology at lower costs compared to other major countries.

Dental care along with tourism! There is nothing more a patient can ask for. The dental tourism industry is observing patients flocking due to their special amenities. The growing popularity of medical tourism and its impact on dental tourism has pushed the demand for it and is forecast to garner a 10.70% CAGR from 2024 to 2034.

Report Attribute	Details
Market Value for 2024	US$ 8,812.30 million
Forecast Value in 2034	US$ 31,540.90 million
CAGR from 2024 to 2034	13.60%

Analysis of Trends in Dental Tourism Consumption Historically, from 2018 to 2023

Historical CAGR (2018 to 2023)	10.70%
Forecast CAGR (2024 to 2034)	13.60%

Category wise Insights

Services	Dental Implants
Market Share in 2024	26.30%

Provider	Hospital Chains
Market Share in 2024	47.30%

Region wise Analysis

Countries	CAGR from 2024 to 2034
India	18.00%
Mexico	12.50%
Romania	8.90%
Dubai, UAE	17.70%
Colombia	10.80%

Report Scope

Report Attribute	Details
Growth Rate	CAGR of 13.60% from 2024 to 2034
Market value in 2024	US$ 8,812.30 million
Market value in 2034	US$ 31,540.90 million
Base Year for Estimation	2023
Historical Data	2018 to 2023
Forecast Period	2024 to 2034
Quantitative Units	US$ million for value
Report Coverage	Revenue Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends, and Pricing Analysis
Segments Covered	Services Travelers Providers Region
Regions Covered	North America Latin America Western Europe Eastern Europe South Asia and Pacific East Asia The Middle East & Africa
Countries Profiled	United States Canada Brazil Mexico Germany The United Kingdom France Spain Italy Poland Russia Czech Republic Romania India Bangladesh Australia New Zealand China Japan South Korea GCC Countries South Africa Israel
Key Companies Profiled	Franco-Vietnamese Hospital B.F. DENTISTRY Apollo Hospitals Enterprise Ltd Fortis Healthcare Clove Dental Dent Ally Oris Dental Centre Dubai Dental Hospital Liberty Dental Clinic Thantakit International Dental Center
Customisation Scope	Available on Request

Global Tourism Market size was worth around $11.39 trillion in 2023 and is predicted to grow to around $18.44 trillion by 2032 with a CAGR of 5.5%.

In 2019, medical tourism brought more than *** billion U.S. dollars to Colombia's economy. This figure is expected to increase to ***** billion dollars by 2024. In 2018, a total of ****** tourists visited the South American country for medical purposes.

Japan TE: Others: Medical Treatment/Medical Check-Up data was reported at 0.000 Person in Mar 2018. This records a decrease from the previous number of 1.000 Person for Dec 2017. Japan TE: Others: Medical Treatment/Medical Check-Up data is updated quarterly, averaging 0.000 Person from Mar 2014 (Median) to Mar 2018, with 17 observations. The data reached an all-time high of 2.000 Person in Sep 2017 and a record low of 0.000 Person in Mar 2018. Japan TE: Others: Medical Treatment/Medical Check-Up data remains active status in CEIC and is reported by Ministry of Land, Infrastructure, Transport and Tourism. The data is categorized under Global Database’s Japan – Table JP.Q032: Tourism and Leisure: Satisfaction Rating Visiting to Japan.

Japan TE: Taiwan: Medical Treatment/Medical Check-Up data was reported at 1.000 Person in Mar 2018. This records a decrease from the previous number of 3.000 Person for Dec 2017. Japan TE: Taiwan: Medical Treatment/Medical Check-Up data is updated quarterly, averaging 4.000 Person from Mar 2014 to Mar 2018, with 17 observations. The data reached an all-time high of 12.000 Person in Mar 2015 and a record low of 1.000 Person in Mar 2018. Japan TE: Taiwan: Medical Treatment/Medical Check-Up data remains active status in CEIC and is reported by Ministry of Land, Infrastructure, Transport and Tourism. The data is categorized under Global Database’s Japan – Table JP.Q032: Tourism and Leisure: Satisfaction Rating Visiting to Japan.

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Travel Market Size 2024-2028

The travel market size is forecast to increase by USD 2860.2 billion, at a CAGR of 11.1% between 2023 and 2028.

The market is experiencing significant growth, fueled by the increasing popularity of experiential travel and the surge in international tourist footfall. This trend is driven by consumers' shifting preferences towards unique and immersive travel experiences, offering opportunities for companies to differentiate their offerings and cater to this demand. However, the market faces challenges, including the growing threat from terrorism, which can deter travelers and negatively impact the industry. Companies must navigate these challenges by implementing robust security measures and fostering transparency to reassure customers. To capitalize on market opportunities, businesses should focus on delivering personalized, authentic experiences that cater to the evolving needs of travelers. By staying attuned to these trends and addressing the challenges, companies can effectively position themselves in the competitive the market landscape.

What will be the Size of the Travel Market during the forecast period?

Explore in-depth regional segment analysis with market size data - historical 2018-2022 and forecasts 2024-2028 - in the full report.
Request Free SampleIn the ever-evolving the market, various sectors continue to adapt and innovate to meet the changing needs and preferences of consumers. Business travelers seek convenience and efficiency with portable chargers, travel adaptors, and carry-on luggage, while solo travelers prioritize safety with GPS trackers and TSA locks. Sustainable tourism gains traction as eco-friendly options such as biodegradable products, carbon offsetting, and sustainable packaging become more prevalent. Medical tourism and food tourism cater to specific niches, offering unique experiences and specialized services. Travel data analytics and online booking platforms streamline the planning process, while tour guides and local experts provide valuable insights into destinations. Travel writing and journals allow travelers to document their experiences and share them with others. Luxury travel and adventure travel cater to diverse markets, with wheeled luggage, travel pillows, and hiking boots providing comfort and functionality. The marketing and social media platforms connect travelers with new experiences and destinations. Travel influencers and customer loyalty programs offer incentives and personalized recommendations. Tourism management and responsible travel initiatives prioritize the well-being of communities and the environment. Cultural tourism and destination marketing foster appreciation and understanding of diverse cultures. Rental cars and community tourism provide opportunities for authentic experiences and exploration. The market remains dynamic, with ongoing developments and trends shaping the industry. From travel accessories to travel technology, the market continues to evolve, offering new possibilities and experiences for travelers.

How is this Travel Industry segmented?

The travel industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2024-2028, as well as historical data from 2018-2022 for the following segments. SectorTransportationHotelTravel activitiesTypeLeisureBusinessTourCustomized & Private VacationsSafari & AdventureCruises, Yachting & Small Ship ExpeditionsCelebration JourneysCulinary Travel & ShoppingLuxury TrainsCustomized & Private VacationsSafari & AdventureCruises, Yachting & Small Ship ExpeditionsCelebration JourneysCulinary Travel & ShoppingLuxury TrainsAge21-30 Years31-40 Years41-60 Years60 And Above21-30 Years31-40 Years41-60 Years60 And AboveGeographyNorth AmericaUSEuropeFranceUKAPACChinaJapanRest of World (ROW)

By Sector Insights

The transportation segment is estimated to witness significant growth during the forecast period.In the thriving business travel sector, various offerings cater to the diverse needs of modern tourists. First-aid kits and biodegradable products have become essential travel accessories, reflecting a growing emphasis on health and sustainability. Travel insurance policies ensure peace of mind for business travelers, while ear plugs, eye masks, and portable chargers enhance comfort during long flights. Passport holders and sustainable packaging promote organization and eco-consciousness. Carbon offsetting and packing cubes streamline the process of planning and packing for trips. Food tourism and insect repellent cater to the adventurous palate and the need for outdoor exploration. Group travel and duffel bags offer cost savings, while hiking boots and travel data analytics facilitate efficient and enjoyable exploration. Medical tourism and travel safety services ensure well-being during international journeys. Travel adaptors, tour guides,

China RMB: Import: Service: YoY: Tourism: Health data was reported at 6.300 % in Jul 2018. This records an increase from the previous number of -70.100 % for Jun 2018. China RMB: Import: Service: YoY: Tourism: Health data is updated monthly, averaging -36.050 % from Dec 2017 (Median) to Jul 2018, with 8 observations. The data reached an all-time high of 6.300 % in Jul 2018 and a record low of -70.100 % in Jun 2018. China RMB: Import: Service: YoY: Tourism: Health data remains active status in CEIC and is reported by Ministry of Commerce. The data is categorized under China Premium Database’s International Trade – Table CN.JS: Trade in Services: RMB.

A survey conducted in 2018 investigated the opinions about measures to restrict medical tourism between regions in Italy, by geographical area. According to data, the share of people in disagreement with policies to limit the possibility to receive cares outside their own region, was much higher than the percentage of individuals who agreed with it, all over Italy. The highest percentage of people who supported these kinds of measures was recorded in the North-West (**** percent).

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US Medical Transcription Market Size 2024-2028

The US medical transcription market size is forecast to increase by USD 1.62 billion at a CAGR of 4.5% between 2023 and 2028.

The medical transcription market in the US is experiencing significant growth due to the increasing demand for automated medical transcripts. The adoption of advanced Automatic Speech Recognition (ASR) systems in the healthcare sector is a key trend driving market growth. However, the market faces challenges such as the low accuracy rates of speech recognition software, which necessitates human intervention for editing and correction. Bluetooth speakers enable voice commands naturally, streamlining the transcription process. Despite this, the benefits of ASR systems, including improved efficiency and cost savings, are leading to their increasing adoption in the healthcare industry. As the US healthcare sector continues to digitize, the demand for accurate and efficient medical transcription services is expected to remain strong.

What will be the size of the US Medical Transcription Market during the forecast period?

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The US medical transcription market continues to evolve, driven by the integration of advanced technologies and the growing demand for convenience and connectivity in healthcare. Smart technology, including voice-activated assistants and innovative devices, has become an indispensable tool for medical professionals, enabling them to manage schedules, dictate notes, and access patient records hands-free.
Moreover, automation through artificial intelligence (AI) and natural language processing (NLP) has streamlined transcription processes, reducing turnaround times and increasing accuracy. With the proliferation of wireless Bluetooth speakers and voice commands, medical professionals can easily control media playback, streaming services, podcasts, audiobooks, and even smart home devices, enhancing their digital life and improving overall productivity. Built-in microphones and communication features allow for voice text messages and remote consultations, further expanding the capabilities of medical transcription solutions in the US market.

How is this market segmented and which is the largest segment?

The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.

End-user

  Hospitals
  Physician groups and clinics


Type

  Services
  Software


Geography

  US

By End-user Insights

The hospitals segment is estimated to witness significant growth during the forecast period.

The medical transcription market in the US is primarily driven by specialized hospitals, particularly large tier 1 and tier 2 facilities with 300-1,000 beds, including multispecialty hospitals. These hospitals diagnose and monitor most surgical events in outpatient settings. Partnerships between hospitals and clinics, the emergence of aesthetic clinics, and medical tourism are also contributing to market growth. Innovative technologies, such as voice-controlled devices, virtual assistants, and natural language processing powered by artificial intelligence (AI), are transforming medical transcription. The integration of AI and NLP in medical transcription software enhances accuracy and efficiency, making it an essential tool for healthcare providers. The market is expected to continue growing due to these technological advancements and the increasing demand for efficient and accurate medical transcription services.

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The hospitals segment was valued at USD 3.41 billion in 2018 and showed a gradual increase during the forecast period.

Market Dynamics

Our researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.

What are the key market drivers leading to the rise in adoption of US Medical Transcription Market?

Growing need for automated medical transcripts is the key driver of the market.

In the US healthcare sector, medical transcription plays a crucial role in the communication between healthcare professionals and their patients during consultations. Traditional methods of medical transcription, such as dictation recorders, are time-consuming, inefficient, and prone to errors. Manual transcriptions increase the risk of misdiagnosis and incorrect treatments due to potential errors. To address this issue, there is a growing demand for automating medical transcription processes through advanced speech recognition systems and integration of medical data from various hospital information systems. These innovative devices employ natural language proc

TE: Vietnam: Medical Treatment/Medical Check-Up data was reported at 0.000 Person in Mar 2018. This stayed constant from the previous number of 0.000 Person for Dec 2017. TE: Vietnam: Medical Treatment/Medical Check-Up data is updated quarterly, averaging 0.000 Person from Mar 2014 (Median) to Mar 2018, with 17 observations. The data reached an all-time high of 1.000 Person in Jun 2017 and a record low of 0.000 Person in Mar 2018. TE: Vietnam: Medical Treatment/Medical Check-Up data remains active status in CEIC and is reported by Ministry of Land, Infrastructure, Transport and Tourism. The data is categorized under Global Database’s Japan – Table JP.Q032: Tourism and Leisure: Satisfaction Rating Visiting to Japan.

This timeline shows the number of Mexican residents that traveled abroad for medical purposes from August 2018 to January 2019. In October 2018, around ***** thousand Mexican tourists traveled abroad for medical reasons.

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Clinical Workflow Solution Market Size 2024-2028

The clinical workflow solution market size is forecast to increase by USD 9.37 billion, at a CAGR of 13.63% between 2023 and 2028. Clinical workflow solutions are increasingly being adopted by healthcare providers in the US to streamline care delivery, improve patient outcomes, and enhance safety. These solutions offer numerous advantages, including the ability to close care gaps, facilitate visit planning and call scheduling, and support economic integration. The market is driven by the growing demand for cutting-edge clinical research and advanced care management solutions to remote patient monitoring that enable effective collaboration among nursing staff, doctors, pharmacists, and residents' relatives.

Furthermore, the trend towards connected hospitals and clinical communications is fueling the adoption of clinical workflow solutions, which enable real-time information exchange and help prevent medical errors. However, challenges such as interoperability and security issues must be addressed to ensure the successful implementation of these solutions. Overall, clinical workflow solutions are essential for effective care management and delivery in today's complex healthcare environment.

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Clinical workflow solutions are essential tools for hospitals and clinics to manage patient volume efficiently and effectively. These solutions help streamline clinical care communications, optimize patient flow metrics, and enhance safety and care delivery. Electronic Health Records (EHRs) form the backbone of clinical workflow solutions, enabling IT professionals and nurses to access patient data in real-time. However, interoperability issues between different systems and health information exchanges remain a significant challenge. Telehealth and remote patient monitoring have become crucial components of clinical workflow solutions, allowing healthcare providers to deliver care beyond traditional clinic settings. Clinical workflow solutions offer flexibility, enabling healthcare organizations to adapt to changing patient needs and healthcare spending.

Interoperability solutions address the challenge of seamless data exchange between different systems, ensuring accurate and timely patient data insights. Predictive analytics and clinical pathways are essential features of advanced clinical workflow solutions, providing healthcare teams with valuable patient data insights to improve care quality and patient journey. Surveillance units in hospitals can benefit from clinical workflow solutions to monitor patient safety and care effectively. Overall, clinical workflow solutions are vital for healthcare organizations to deliver efficient, cost-effective, and high-quality care.

Market Segmentation

The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.

End-user

  Hospitals
  Long-term care facilities
  Ambulatory care centers


Geography

  North America

    Canada
    US


  Europe

    Germany
    UK


  Asia

    China


  Rest of World (ROW)

By End-user Insights

The hospitals segment is estimated to witness significant growth during the forecast period. Clinical workflow solutions play a vital role in various healthcare departments, including radiology, laboratory, and pharmacy, by standardizing procedures, minimizing human errors, and improving interdepartmental communication. In 2023, the hospitals sector held a significant market share in The market due to the increasing number of hospitals and the need to manage the accompanying data efficiently. Furthermore, government initiatives aiming to advance the medical industry and simplify the handling of vast hospital data are expected to fuel market growth. Additionally, the expanding demand for workflow optimization and the ongoing trend toward connected hospitals are projected to boost the market throughout the forecast period. Long-term care facilities, eHealth, medical tourism, and clinics also benefit from these solutions by ensuring quality healthcare, surveillance, safety, and flexibility for physicians, surgeons, nurses, patients, and units. Reimbursement levels continue to be a crucial factor driving the adoption of clinical workflow solutions in the healthcare sector.

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The hospitals segment accounted for USD 3.49 billion in 2018 and showed a gradual increase during the forecast period.

Regional Insights

North America is estimated to contribute 45% to the growth of the global market during the forecast period. Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.

For more insights

Turkey Tourism Expenditure: Resident: IE: Health data was reported at 6.259 USD mn in Sep 2018. This records an increase from the previous number of 2.616 USD mn for Jun 2018. Turkey Tourism Expenditure: Resident: IE: Health data is updated quarterly, averaging 6.084 USD mn from Dec 2004 (Median) to Sep 2018, with 56 observations. The data reached an all-time high of 15.966 USD mn in Sep 2007 and a record low of 0.793 USD mn in Sep 2015. Turkey Tourism Expenditure: Resident: IE: Health data remains active status in CEIC and is reported by Turkish Statistical Institute. The data is categorized under Global Database’s Turkey – Table TR.Q021: Tourism Income, Donation and Expenditure: Quarterly.

Turkey Tourism Income: IE: Foreign: Health data was reported at 203.587 USD mn in Jun 2018. This records an increase from the previous number of 145.354 USD mn for Mar 2018. Turkey Tourism Income: IE: Foreign: Health data is updated quarterly, averaging 76.818 USD mn from Mar 2003 (Median) to Jun 2018, with 62 observations. The data reached an all-time high of 203.587 USD mn in Jun 2018 and a record low of 9.973 USD mn in Mar 2003. Turkey Tourism Income: IE: Foreign: Health data remains active status in CEIC and is reported by Turkish Statistical Institute. The data is categorized under Global Database’s Turkey – Table TR.Q021: Tourism Income, Donation and Expenditure: Quarterly.

The number of UK residents travelling overseas for medical treatments has been steadily increasing throughout the past years, with a significant rise to ******* in 2023. Drops in medical tourism were recorded in the years 2014, 2018, and 2021*.