South Korea Medical Tourism Market is likely to reach nearly USD 2 Billion by the year end of 2022 growing at a CAGR of around 15% from 2017 to 2022.
Market growth can be attributed to factors such as technologically advanced treatments and medical procedures, pioneer in plastic/cosmetic surgery and dentistry, excellent medical practitioners & medical facilities, affordable medical costs and strong government support and initiatives.
Chinese medical tourists play a significant role in contributing revenue to the South Korea economy. China contributed more than 35% share in 2016. China is likely to maintain dominance in South Korea Medical Tourism revenue share by the year end of 2022. Other countries such as Japan, Russia, Kazakhstan and UAE emerge as the largest revenue generators in the South Korea Medical Tourism Market.