IMARC Group has recently released a new research study titled “South Korea Medical Tourism Market Report by Type (Outbound, Inbound, Intrabound), Treatment Type (Cosmetic Treatment, Dental Treatment, Cardiovascular Treatment, Orthopaedic Treatment, Bariatric Surgery, Fertility Treatment, Ophthalmic Treatment, and Others) 2025-2033”, offers a detailed analysis of the market drivers, segmentation, growth opportunities, trends and competitive landscape to understand the current and future market scenarios.

South Korea Medical Tourism Market Overview

The South Korea Medical Tourism Market size reached USD 2.0 Billion in 2024, with IMARC Group forecasting growth to USD 3.1 Billion by 2033. The market is expected to expand at a CAGR of 4.93% during the forecast period 2025-2033. Medical tourism involves planned travel across borders to access treatments like cosmetic, dental, cardiovascular, and orthopedic procedures, benefiting both patients and the economy.

Study Assumption Years

  • Base Year: 2024
  • Historical Year/Period: 2019-2024
  • Forecast Year/Period: 2025-2033

South Korea Medical Tourism Market Key Takeaways

  • Current Market Size: USD 2.0 Billion in 2024
  • CAGR: 4.93% from 2025 to 2033
  • Forecast Period: 2025-2033
  • The market growth is driven by rising inbound medical travel due to advanced healthcare facilities and cost-effective treatments.
  • Increasing elective medical procedures not covered by insurance, such as fertility and cosmetic surgeries, stimulate market demand.
  • Government initiatives, including mandatory registration of medical institutions for foreigners and malpractice insurance, boost market safety and growth.
  • Comprehensive medical tourism packages offered by healthcare providers enhance convenience and attract more medical tourists.
  • Integration of wellness practices with traditional Korean medicinal therapies is an emerging trend supporting future market expansion.

Sample Request Link: https://www.imarcgroup.com/south-korea-medical-tourism-market/requestsample

Market Growth Factors

The growing inbound medical travel in South Korea is a primary growth driver due to the country's state-of-the-art healthcare facilities, highly trained medical practitioners, and cost-effective treatments. This combination attracts international patients seeking quality care at competitive prices. The availability of advanced healthcare infrastructure and specialized treatments enhances patient trust, fuelling the medical tourism market's expansion.

Another significant factor propelling market growth is the increasing adoption of elective medical procedures which are typically not covered by insurance plans. Treatments such as fertility therapies, gender reassignment surgeries, reproductive treatments, dental reconstructions, and cosmetic surgeries are growing in demand among international patients. These specialized procedures offer both aesthetic and health benefits, encouraging more patients to choose South Korea as their medical tourism destination.

Government support also plays a crucial role in market development. The Ministry of Health and Welfare (MOHW) has implemented measures to improve the safety and quality of care for international patients, including mandatory registration of medical institutions serving foreign patients and compulsory medical malpractice liability insurance. Additionally, numerous healthcare organizations provide all-inclusive medical tourism packages that cover travel, accommodation, and healthcare services, making it easier for patients to plan their visits. These initiatives contribute to creating a positive market outlook.

Market Segmentation

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

Ask For an Analyst-  https://www.imarcgroup.com/request?type=report&id=6122&flag=C

Key Players

  • 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
  • Wonkwang University Hospital

About Us

IMARC Group is a global management consulting firm that helps the world’s most ambitious changemakers to create a lasting impact. The company provide a comprehensive suite of market entry and expansion services. IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.

Contact Us

IMARC Group,

134 N 4th St. Brooklyn, NY 11249, USA,

Email: sales@imarcgroup.com,

Tel No: (D) +91 120 433 0800,

United States: +1-201971-6302