Japan Medical Tourism Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Market Size (2024) | USD 4.90 Billion |
| Market Size (2029) | USD 13.25 Billion |
| CAGR (2024 - 2029) | 22.00 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Japan Medical Tourism Market Analysis
The Japan Medical Tourism Market size is estimated at USD 4.90 billion in 2024, and is expected to reach USD 13.25 billion by 2029, growing at a CAGR of 22% during the forecast period (2024-2029).
The high prevalence of key disease conditions, including cardiovascular diseases, cancer, diabetes, and infectious diseases, coupled with the availability of advanced treatment options in Japan, is augmenting the growth of the market. For instance, according to the data updated by the National Cancer Registry in January 2024, there were around 1,033 thousand cancer cases in Japan as of 2023, of which 161 thousand were colon/rectum cases, 132 thousand were lung cancer cases, and 129 thousand were stomach cancer cases. This high prevalence of cancer is increasing the demand for advanced treatment options, which is projected to drive market growth during the forecast period.
Initiatives by the Japanese government to welcome tourists are addressing the lack of treatment facilities in lower-middle-income countries and attracting them to Japan for medical tourism, which is fueling the demand for medical tourism in Japan. For instance, according to an article published by LaingBuisson in June 2022, Japan offered limited package tours to triple-vaccinated travelers from the United States, Australia, Thailand, and Singapore to understand the broader resumption of tourism.
Additionally, rising technological advancements in healthcare infrastructure in Japan, along with advanced facilities offered by private players for tourists coming to Japan for treatment purposes, are also surging the adoption rate of this service. For instance, according to the data accessed from the Organization for Economic Cooperation and Development (OECD) in May 2024, Japan, on average, spends around USD 5,251 per capita on health every year, similar to the OECD average of USD 4,986, which is equal to 11.5% of GDP, compared to 9.2% on average in the OECD. As per the same source, there were around 12.1 practicing nurses compared to the OECD average of 9.2 and 12.6 hospital beds per 1,000 population, more than the OECD average of 4.3. This rising investment in healthcare is resulting in the introduction of advanced healthcare technology in Japan and leading to the increasing adoption of Japanese healthcare facilities by the global population.
Thus, owing to the factors such as the rising number of diseases and surging healthcare expenditure the market is anticipated to register a lucrative growth rate during the forecast period. However, post-surgical complications and difficulties in patient follow-ups are some of the factors hindering market growth.
Japan Medical Tourism Market Trends
The Neurology Segment is Projected to Register Significant Growth During the Forecast Period
By treatment type, the neurology segment is anticipated to hold a major market share during the forecast period. The increasing prevalence of major neurological conditions around the globe, along with the lack of treatment facilities in lower-middle-income countries for neurological disorders, is anticipated to boost the adoption of advanced treatment facilities in Japan among the global population. For instance, according to an article by PLOS One, in May 2023, Japan is one of the countries with the most aged population. It has the highest prevalence of dementia at 23.3 per 1,000 people in the world, which burdens people with this health condition, their communities, and the nation as a whole. This increase in neurological disorders is surging the demand for advanced treatment options, which is projected to accelerate the growth of the medical tourism market in Japan during the forecast period.
Additionally, the increasing number of neurologists in Japan is leading the way in the market's growth. For instance, according to an article published by the Japanese Society of Neurology in August 2022, the association had 9,560 full members as of March 2022, and it was also reported that the number of members increased by about 1,000 in the last five years. This, in turn, reduces the wait time for neurology disorders in Japan and hence contributes to the growth of this segment.
Thus, the above-mentioned factors are surging the growth of this segment in the market during the forecast period.
The Private Hospital Segment is Projected to Register Significant Growth During the Forecast Period
Private service providers act as intermediaries or facilitators, offering a range of services to medical tourists, including pre-travel arrangements, medical coordination, and post-treatment support. They play a crucial role in making Japan's medical tourism market more accessible and user-friendly for international patients. They offer a valuable bridge between foreign patients and the Japanese healthcare system, fostering a more positive and successful medical tourism experience.
A high number of private hospitals in Japan is the primary factor for the significant growth of this segment in the country's medical tourism market. For instance, according to the data published by Global Health & Medicine in February 2024, Japan has the most private capital-dependent healthcare delivery system compared to any developed country. As per the same source, around 70% of the hospitals in Japan are private and governed by medical corporations. This results in the increased offering of advanced medical care to medical tourists compared to public hospitals. Also, according to the same source, approximately 70% of Japan's hospitals were private, leading to the adoption of these hospital settings among the patient population.
Additionally, advanced Medicare facilities, the availability of advanced healthcare equipment, and trained healthcare professionals are fueling the adoption of private hospitals in Japan and have been instrumental in the segmental growth in the Japanese medical tourism market.
Japan Medical Tourism Industry Overview
The Japanese medical tourism market is fragmented and consists of several players who are currently dominating it. Some of the key players in the market include St. Luke's International Hospital, Keio University Hospital, Tokyo Medical and Dental University Hospital, Kyoto University Hospital, and Juntendo University Hospital.
Japan Medical Tourism Market Leaders
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St. Luke's International Hospital
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Keio University Hospital
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Tokyo Medical and Dental University Hospital
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Kyoto University Hospital
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Juntendo University Hospital
*Disclaimer: Major Players sorted in no particular order
Japan Medical Tourism Market News
- March 2023: JTB partnered with Smart Health Net to develop medical tourism for luxury inbound travelers. This includes offering personalized services to patients through the Japan Medical & Health Tourism Center (JMHC).
- February 2022: Japan expanded its health tourism by offering spas, yoga and meditation classes, and fitness programs. It also offered locally sourced healthy food options, recreational activities such as hiking, and opportunities for social interaction.
Japan Medical Tourism Market Report - Table of Contents
1. INTRODUCTION
- 1.1 Study Assumptions and Market Definition
- 1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
- 4.1 Market Overview
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4.2 Market Drivers
- 4.2.1 High Cost of Disease Treatment in Developed Countries
- 4.2.2 Presence of Advanced Technology in Japan Healthcare Facilities
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4.3 Market Restraints
- 4.3.1 Difficulties in Patient Follow-ups and Post-Surgical Complications
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4.4 Porter's Five Force Analysis
- 4.4.1 Threat of New Entrants
- 4.4.2 Bargaining Power of Buyers/Consumers
- 4.4.3 Bargaining Power of Suppliers
- 4.4.4 Threat of Substitute Products
- 4.4.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION (Market Size by Value - USD)
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5.1 By Treatment Type
- 5.1.1 Cardiovascular
- 5.1.2 Oncology
- 5.1.3 Neurology
- 5.1.4 Orthopaedics
- 5.1.5 Cosmetic
- 5.1.6 Other Treatment Types
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5.2 By Service Provider
- 5.2.1 Public
- 5.2.2 Private
6. COMPETITIVE LANDSCAPE
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6.1 Company Profiles
- 6.1.1 St. Luke's International Hospital
- 6.1.2 Keio University Hospital
- 6.1.3 Tokyo Medical and Dental University Hospital
- 6.1.4 Kyoto University Hospital
- 6.1.5 Juntendo University Hospital
- 6.1.6 Hokuto Hospital
- 6.1.7 Kyushu University Hospital
- 6.1.8 Sendai Kousei Hospital
- 6.1.9 Fukuoka Kinen Hospital
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
** Subject To AvailablityJapan Medical Tourism Industry Segmentation
Medical tourism refers to the practice of traveling to another country to receive medical treatment or procedures. It involves individuals seeking healthcare services outside their home country, often due to various factors such as cost, quality, availability, or a combination of these.
The Japanese medical tourism market is segmented by treatment type and providers. By treatment type, the market is segmented into cardiovascular, oncology, neurology, orthopedics, cosmetics, and other treatment types. By service providers, the market is segmented into public and private. The report offers market sizes and forecasts in terms of value (USD) for all the above segments.
| By Treatment Type | Cardiovascular |
| Oncology | |
| Neurology | |
| Orthopaedics | |
| Cosmetic | |
| Other Treatment Types | |
| By Service Provider | Public |
| Private |
Japan Medical Tourism Market Research FAQs
How big is the Japan Medical Tourism Market?
The Japan Medical Tourism Market size is expected to reach USD 4.90 billion in 2024 and grow at a CAGR of 22% to reach USD 13.25 billion by 2029.
What is the current Japan Medical Tourism Market size?
In 2024, the Japan Medical Tourism Market size is expected to reach USD 4.90 billion.
Who are the key players in Japan Medical Tourism Market?
St. Luke's International Hospital, Keio University Hospital, Tokyo Medical and Dental University Hospital, Kyoto University Hospital and Juntendo University Hospital are the major companies operating in the Japan Medical Tourism Market.
What years does this Japan Medical Tourism Market cover, and what was the market size in 2023?
In 2023, the Japan Medical Tourism Market size was estimated at USD 3.82 billion. The report covers the Japan Medical Tourism Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Japan Medical Tourism Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Japan Medical Tourism Industry Report
Statistics for the 2024 Japan Medical Tourism market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Japan Medical Tourism analysis includes a market forecast outlook for 2024 to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
