With the rising costs of healthcare in developed nations and the availability of high-quality, affordable medical services in developing countries, patients are increasingly crossing borders for treatments ranging from cosmetic surgery to complex cardiac procedures. Iran, a country with a rich cultural heritage and a rapidly advancing healthcare system, has emerged as a key player in the medical tourism industry, particularly in the Middle East.
Role of medical tourism in the global economy
Medical tourism is a multi-billion-dollar industry that contributes significantly to the global economy. According to a report by Grand View Research, the global medical tourism market was valued at $44.8 billion in 2019 and is expected to grow at a compound annual growth rate (CAGR) of 21.1% from 2020 to 2027. The industry's growth is driven by factors such as the high cost of healthcare in developed countries, long waiting times for certain procedures, and the availability of affordable, high-quality medical care in developing nations.
Countries like Thailand, India, Turkey, and Mexico have long been popular destinations for medical tourists. These countries offer a combination of advanced medical facilities, skilled healthcare professionals, and lower costs compared to Western countries. For instance, a heart bypass surgery that costs $130,000 in the United States can be performed in India for just $10,000, including travel and accommodation expenses.