South Korea Medical Tourism Market to See Around 15% CAGR to 2022, Says DPI Research in Its New Study Recently Uploaded at MarketPublishers.com27 Feb 2017 • by Natalie Aster
LONDON – South Korea’s medical tourism sector is expected to reach nearly USD 2 billion in 2022, posting about 15% CAGR from 2017 to 2022. The drivers include technologically advanced therapies and medical procedures, innovations in plastic surgery procedures and dentistry, superior clinicians and medical settings, active government support and incentives, and reasonable medical costs, among others.
China was the largest contributor to the South Korean medical tourism industry revenue in 2016, with a share of over 35%, and it is expected to continue to take lead in this respect through to 2022. The USA came the second with respect to the revenue share. Other nations like Russia, Japan, the UAE and Kazakhstan emerge as the biggest revenue generators in the South Korean medical tourism market.
New topical study “South Korea Medical Tourism Market Insights, Opportunity, Analysis, Market Shares & Forecast 2017 – 2022” elaborated by DPI Research & Marketing Solutions gives an all-round overview and analysis of the national medical tourism market. The report examines the medical tourism market environment and trends in terms of overall medical tourist arrivals and revenue from 2009 up to 2022. It provides the country’s medical tourism market share plus forecasts by country. The report canvasses the major factors driving and inhibiting the domestic medical tourism sector; provides a cost comparison assessment of medical procedures. A detail country-wise analysis of the market is provided, covering a total of 12 nations. Furthermore, granular industry news from medical tourism of South Korea can also be found in the study.
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