Medical tourism is a phenomenon that has come to stay globally within Africa and outside of Africa. Medical tourism is a quickly growing industry that involves traveling to another country to receive medical treatments or procedures. Low costs and availability of procedures outside of the patient’s country of residence are two main reasons why medical tourism is becoming popular.
The market for medical tourism is predicted to increase at a compound annual growth rate (CAGR) of 11.59 per cent from 2023 to 2032, from an estimated US$115.6 billion in 2022 to around US$346.1 billion by 2032. Medical tourism is expected to grow exponentially due to the increased demand for cancer treatment.
Interestingly, Africans spend more than US$1 billion on medical services in other continents presently as reported by the African Development Bank, however, due to the rising cost of healthcare in developed countries and an interesting trend among patients seeking treatments in emerging economies…
tourism-industry” target=”_blank”>Read further.
