Argentina Inbound Medical Tourism Market Overview, 2028

Argentina Inbound Medical Tourism Market Overview, 2028
The Argentina inbound medical tourism market is a dynamic and rapidly growing sector that showcases the country's exceptional medical expertise, advanced healthcare facilities, and captivating cultural experiences. Renowned for its world-class medical treatments and cutting-edge technologies, Argentina has emerged as a sought-after destination for international patients seeking high-quality healthcare services across a spectrum of specialties. From innovative surgical procedures and specialised treatments to wellness and rejuvenation therapies, Argentina offers a comprehensive array of medical solutions that cater to the diverse needs and preferences of medical tourists. Against the backdrop of its rich history, vibrant cities, and stunning landscapes, Argentina presents a unique opportunity for individuals to combine their quest for optimal health with an immersive travel experience, making it a compelling choice in the global landscape of medical tourism. Telemedicine platforms and virtual consultations are becoming increasingly popular in the medical tourism market. International patients can connect with Argentine healthcare professionals remotely for pre-travel consultations, follow-up appointments, and post-treatment care. Telemedicine facilitates communication, reduces travel-related inconveniences, and provides convenient access to medical expertise. Furthermore, the adoption of digital health records and interoperable systems allows seamless sharing of patient information between healthcare providers in Argentina and patients' home countries. This ensures continuity of care, accurate diagnoses, and personalised treatment plans for medical tourists.

According to the research report ""Argentina Inbound Medical Tourism Market Overview, 2028,"" published by Bonafide Research, the Argentina Inbound Medical Tourism Market was valued at more than USD 255 Million in 2022. Argentina is known for its advanced healthcare infrastructure, modern medical facilities, and skilled healthcare professionals. The country offers a wide range of medical specialties, including cosmetic surgery, dentistry, fertility treatments, orthopaedics, and more. Argentina's rich cultural heritage, diverse landscapes, and vibrant cities offer medical tourists a unique opportunity to combine their healthcare journey with a memorable travel experience. Medical tourists can explore attractions, enjoy local cuisine, and immerse themselves in Argentine culture. Argentina offers a wide spectrum of medical procedures, from routine medical check-ups to specialised treatments and complex surgeries. This diversity allows medical tourists to find suitable options for their specific healthcare needs. Furthermore, many travel agencies and medical tourism facilitators offer comprehensive packages that combine medical treatments with travel arrangements, accommodation, and leisure activities, providing a hassle-free experience for patients. One of the major industries in Argentina is medical tourism. The nation welcomes medical tourists all year long, bringing in money not only for the healthcare industry but also for the hospitality and entertainment industries. Hotels, tourism organisations, and leisure pursuits receive more than 20% of the money. The largest quantity of foreign exchange is generated by medical tourism in Argentina, which has also resulted in the development of thousands of jobs to meet the demands of this sector. Additionally, according to the National Institute of Tourism Promotion, more than 13,000 international medical patients spent around $200 million USD on procedures and travel-related activities in 2016. This has increased the value of medical tourism to the national economy.

Based on the treatment segment, it includes cancer treatment, oncology, cosmetic treatment, orthopaedic Treatment, spine treatment,/ IVF Treatment, Neurological Treatment, Organ Transplant, Bariatric Treatment, Dental Treatment, Alternative Treatment, Ophthalmology Treatment, and Other Treatments. Argentina, cosmetic treatments have the highest market share. Argentina is home to highly skilled plastic surgeons and cosmetic specialists who are known for their expertise, innovation, and advanced techniques in the field of cosmetic treatments. The country has a reputation for producing natural-looking and aesthetically pleasing results. Furthermore, cancer treatment will grow at the highest CAGR rate during the forecast period. Argentina has a history of excellence in medical research and oncology. The country is home to skilled oncologists, cancer researchers, and specialised treatment centres that attract patients seeking advanced cancer care and access to clinical trials. Argentina's medical community has been at the forefront of adopting innovative cancer treatments, including immunotherapy, personalised medicine, and precision oncology. This access to cutting-edge therapies can attract patients seeking the latest advancements in cancer treatment. Argentina's robust research environment offers opportunities for patients to participate in clinical trials for experimental cancer treatments. This can attract patients seeking access to novel therapies that may not be available in their home countries. Argentina's healthcare costs are often more affordable compared to those of many Western countries. International patients seeking cost-effective cancer treatment options without compromising quality may find Argentina an attractive destination.

The Argentine government has established regulations and guidelines to facilitate medical tourism. These regulations ensure patient safety, quality of care, and ethical standards. Additionally, the government has been actively promoting Argentina's healthcare services and medical tourism offerings through various marketing campaigns and initiatives. Furthermore, Argentina has implemented streamlined visa processes for medical tourists, making it easier for them to enter the country for medical purposes. The government has introduced specific medical tourism visa categories or provisions that simplify the visa application process for patients and their accompanying family members. To attract patients seeking experimental treatments, the government might offer support for clinical trials and research in collaboration with medical institutions. This can position Argentina as a destination for patients seeking innovative therapies. The government might offer incentives for both domestic and foreign investments in the healthcare sector. These incentives could encourage the expansion of medical facilities, the introduction of new technologies, and the development of specialised services.

Based on the Service provider segment considered in this report, which includes Public and private, the private is leading with the highest market share. Any private hospitals and clinics in Argentina are known for their specialisation in specific medical fields, such as cosmetic surgery, fertility treatments, cardiology, and orthopaedics. This expertise attracts patients seeking specialised and advanced treatments. Private healthcare providers generally offer personalised care and shorter wait times for appointments and medical procedures compared to public healthcare facilities. This level of responsiveness is particularly appealing to medical tourists seeking efficient and timely healthcare services. In the future, public service providers will grow at the highest CAGR rate. If the Argentine government significantly invests in modernising and upgrading public healthcare infrastructure and facilities, it could lead to improved quality of care and more attractive services for medical tourists. Enhanced resources and technology could position public providers as viable options for international patients. If the Argentine government introduces specific initiatives to promote public healthcare services to international patients, it could drive awareness and interest in public providers for medical tourism.

Considered in this report

• Geography: Argentina
• Historic year: 2017
• Base year: 2022
• Estimated year: 2023
• Forecast year: 2028

Aspects covered in this report

• Argentina Inbound Medical Tourism market with its value and forecast along with its segments
• On-going trends and developments
• Top profiled companies
• Strategic recommendation

By Treatment Type

• Cancer Treatment / Oncology
• Cosmetic Treatment
• Orthopedics Treatment / Spine Treatment
• Cardiovascular Treatment
• Fertility Treatment / IVF Treatments
• Neurological Treatment
• Organ Transplant
• Bariatric Treatment
• Dental Treatment
• Alternative Treatment (Acupuncture, Ayurveda, Homeopathy, Naturopathy, Chinese or Oriental medicine, Chiropractic and osteopathic medicine, Massage, Body movement therapies, Tai chi, Yoga, Dietary supplements, Herbal medicine, Nutrition/diet, Electromagnetic therapy, Reiki, Qigong, Meditation, Biofeedback, Hypnosis, Art, dance, and music, Visualization and guided imagery, etc.)
• Ophthalmology Treatment
• Other Treatments (Dermatological treatments, ENT (Ear, Nose, and Throat) treatments, Allergy and Immunology treatments, Sleep disorder treatments, Mental health and psychological treatments, Urology, diabetology, Proctology, Vascular Surgery, etc.)

By Service Providers

• Private
• Public

The approach of the report:

This report consists of a combined approach of primary as well as secondary research. Initially, secondary research was used to get an understanding of the market and listing out the companies that are present in the market. The secondary research consists of third-party sources such as press releases, annual report of companies, analysing the government generated reports and databases. After gathering the data from secondary sources primary research was conducted by making telephonic interviews with the leading players about how the market is functioning and then conducted trade calls with dealers and distributors of the market. Post this we have started doing primary calls to consumers by equally segmenting consumers in regional aspects, tier aspects, age group, and gender. Once we have primary data with us we have started verifying the details obtained from secondary sources.

Intended audience

This report can be useful to industry consultants, manufacturers, suppliers, associations & organizations related to Inbound Medical Tourism industry, government bodies and other stakeholders to align their market-centric strategies. In addition to marketing & presentations, it will also increase competitive knowledge about the industry.