China Inbound Medical Tourism Market Overview, 2028

China Inbound Medical Tourism Market Overview, 2028
The China inbound Medical Tourism industry has emerged as a dynamic and rapidly growing sector within the global healthcare landscape, offering a unique combination of traditional Chinese medical practises, cutting-edge modern facilities, and a rich cultural heritage that attracts an increasing number of international patients seeking high-quality medical treatments and wellness experiences. Fueled by China's advancements in healthcare infrastructure, cutting-edge technology, and a diverse array of medical specialties, the country has positioned itself as an alluring destination for individuals seeking cost-effective yet world-class healthcare solutions. With a commitment to providing not only top-notch medical care but also a holistic approach to well-being, China has become a compelling choice for foreign patients, enticing them with a harmonious blend of innovative medical procedures, time-honoured therapies, and the opportunity to explore its captivating historical and cultural offerings. As the China inbound Medical Tourism industry continues to flourish, it presents a fascinating intersection of healthcare, tourism, and cross-cultural exchange, poised to reshape the global healthcare landscape in unprecedented ways. China's medical traditions, including acupuncture, herbal medicine, and Tai Chi, have been practised for thousands of years. Inbound medical tourists experience the integration of ancient healing wisdom with modern medical advancements. Furthermore, China boasts a comprehensive range of medical specialties, from traditional Chinese medicine (TCM) to cutting-edge procedures like stem cell therapy, fertility treatments, and cosmetic surgery, making it a versatile destination for various healthcare needs.

According to the research report ""China Inbound Medical Tourism Overview, 2028,"" published by Bonafide Research, the China Inbound Medical Tourism Market was valued at more than USD 8 Billion in 2022. In comparison to many Western countries, medical treatments in China can be considerably more affordable, attracting cost-conscious international patients seeking high-quality care without the hefty price tag. Inbound medical tourists have the unique chance to combine their medical journey with a cultural exploration of China's rich heritage, iconic landmarks, and vibrant local traditions, providing a well-rounded experience. China has gained prominence in organ transplantation, with facilities known for performing complex procedures like liver, kidney, and heart transplants, attracting patients from around the world. Furthermore, certain cities, such as Hangzhou and Chengdu, have established themselves as medical tourism hubs, offering comprehensive services, infrastructure, and tourism attractions tailored to international patients. The Chinese government has recognised the potential of Medical Tourism and has taken steps to streamline visa processes, facilitate international patient care, and promote collaboration between domestic and foreign medical institutions. Medical tourists are seeking personalised treatment packages that align with their specific health goals, combining medical procedures with cultural experiences and leisure activities. China's ageing population has led to a rise in medical tourists seeking geriatric care, longevity treatments, and specialised services catering to the elderly.

Based on the Treatment types includes the Cancer Treatment / Oncology, Cosmetic Treatment, Dental Treatment, Cardiovascular Treatment, Bariatric Treatment, Orthopaedics Treatment / Spine Treatment, Fertility Treatment / IVF Treatments, Organ Transplant, Ophthalmology Treatment, Neurological Treatment, Alternative Treatment and Other. In China, Alternative Treatment is leading with the highest market share. As people around the world become more health-conscious and seek holistic well-being, there is a growing demand for alternative treatments that focus on balancing the mind, body, and spirit. China's TCM aligns well with this trend. Alternative treatments often rely on natural ingredients and therapies, which resonate with individuals who prefer more organic and less chemically invasive approaches to healing. Further, the Treatment of Acupuncture involves the insertion of thin needles into specific points on the body to stimulate energy flow and promote natural healing. It is widely sought after by international patients for pain management, stress reduction, and various health concerns. Chinese herbal medicine uses a combination of natural herbs and plant extracts to restore balance and address health issues. Patients are often prescribed customised herbal formulations tailored to their specific needs.

Based on the Service provider segment, which includes public and private, in China, the public service provider will grow at the highest CAGR rate by the forecast period. The Chinese government has been actively promoting the development of the Medical Tourism industry as part of its efforts to boost tourism, enhance healthcare infrastructure, and attract foreign investment. Government backing can lead to favourable policies, incentives, and streamlined processes for public service providers, facilitating their growth. Furthermore, Public service providers often operate within a well-regulated framework, which can instill confidence in international patients seeking reliable and safe medical care. Stricter regulations and quality standards can encourage more patients to opt for public healthcare facilities. Public healthcare institutions often provide a comprehensive range of medical services, catering to a diverse array of medical needs. This inclusivity can attract a broad spectrum of international patients seeking various treatments.

Future Opportunities

Opportunities for expansion are being created by the introduction of telehealth services as well as connective technologies like artificial intelligence (AI) along with big data.

Market Trends

The cost of obtaining different treatments is relatively affordable thanks to the favorable currency exchange rates for the visiting medical tourists from developed countries, opening up a plethora of opportunities for the key players in the China medical tourism industry.

Start-Ups for China Medical Tourism Market

DXY (Ding Xiang Yuan) is an online social group for workers in the medical, bioscience, and pharmaceutical sectors. Doctors may share novel clinical discoveries, debate them with colleagues, and record routine events using the platform. The portal also provides news on the medical sector and clinical advancements along with resources for doctors' education. The business also runs a biomedical e-commerce platform as well as a platform for hiring medical experts.

Patients can connect with various foreign hospitals and medical professionals using the CYCARES online telemedicine platform. Following a telephone consultation, the patients can send medical records for review and then reserve hospitals for the necessary procedures. The network claims to have 410K licensed healthcare professionals and over 92 million users.
Market Competition Key players in the China medical tourism market are looking to expand their presence across the globe, to spread awareness about their services among people looking for affordable and accessible healthcare.

Considered in this report

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

Aspects covered in this report

• China 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.