Spain Medical Tourism Market Size, Share, and COVID-19 Impact Analysis, By Treatment Type (Cardiovascular treatment, Orthopedic treatment, Cosmetic treatment, Bariatric treatment, Dental treatment, and Others), By Service Provider (Public and Private), and Spain Medical Tourism Market Insights, Industry Trend, Forecasts to 2033

Spain Medical Tourism Market Insights Forecasts to 2033

• The Spain Medical Tourism Market Size was valued at USD 1.32 Billion in 2023.
• The Spain Medical Tourism Market Size is Growing at a CAGR of 17.76% from 2023 to 2033
• The Spain Medical Tourism Market Size is expected to reach USD 6.77 Billion by 2033

The Spain Medical Tourism Market Size is Anticipated to exceed USD 6.77 Billion by 2033, growing at a CAGR of 17.76% from 2023 to 2033. The growing cost of disease treatment and the presence of advanced medical facilities in healthcare facilities are driving the growth of the medical tourism market in the Spain.     

Market Overview

The medical tourism market refers to the trend of people traveling across international borders to seek healthcare services. Medical tourism is most often for surgeries (cosmetic or otherwise) or similar treatments, and also for dental tourism or fertility tourism. Spain is a growing hub for medical tourism, attracting patients seeking affordable, high-quality healthcare and procedures in the sectors of cosmetic surgery, dental treatments, and fertility procedures. The growing number of people are inclining towards health tourism and medical travel as patients are more attracted to places providing a vast range of elective and cosmetic processes along with specialized interventions. The increasing spending on medical tourism by the patient owing to the enable accessibility of advanced medical technology and personalized care is escalating lucrative market growth opportunities.

Report Coverage

This research report categorizes the market for the Spain medical tourism market based on various segments and regions and forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the Spain medical tourism market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the Spain medical tourism market.

Driving Factors

The presence of advanced medical services, affordable procedures, and experienced professionals in the country driving the medical tourism market growth. The growing need for advanced and personalized treatment options among the rising number of patients suffering chronic diseases, especially diabetes is propelling the market demand as Spain is the preferred destination for these medical tourists. The increasing public healthcare expenditure in Spain is also responsible for driving the market growth. As per the report of statista, spending on health care by public organizations amounted to around 87.9 billion euros in the year 2021. The public hospital expenditure amounted to around 54.2 billion euros in 2021, nearly 62 percent of that year's budget.

Restraining Factors

The difficulty in patient follow-ups and post-treatment complications are challenging the medical tourism market growth. The potential travel restrictions, insurance coverage limitations, and language & cultural barriers are the factors hampering the market growth of medical tourism.

Market Segmentation

The Spain medical tourism market share is classified into treatment type and service provider.

• The cosmetic treatment segment is dominating the market with the largest revenue share in 2023 and is expected to grow at a significant CAGR during the predicted timeframe.

The Spain medical tourism market is segmented by treatment type into cardiovascular treatment, orthopedic treatment, cosmetic treatment, bariatric treatment, dental treatment, and others. Among these, the cosmetic treatment segment is dominating the market with the largest revenue share in 2023 and is expected to grow at a significant CAGR during the predicted timeframe. Spain is a popular destination for various cosmetic procedures, including liposuction, facelifts, and rhinoplasty. The increasing demand for anti-aging treatments and the high price of cosmetic implants are driving the market.

• The private segment held the largest revenue share of the Spain medical tourism market in 2023 and is anticipated to grow at a significant CAGR during the forecast period.

The Spain medical tourism market is segmented by service provider into public and private. Among these, the private segment held the largest revenue share of the Spain medical tourism market in 2023 and is anticipated to grow at a significant CAGR during the forecast period. DKV, ASISA, Sanitas, and Adeslas are some of the prominent private healthcare providers in Spain, offering various plans and services for expats and visa requirements. The increasing health care expenses and demand from uninsured and underinsured individuals are propelling the market in the private segment.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the Spain medical tourism market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies

• Barnaclínic
• Sant Joan de Déu-Barcelona Children’s Hospital
• Centro de Oftalmología Barraquer
• Dexeus
• Institut Guttmann
• Quirónsalud
• Fundació Puigvert
• Sanitas
• Institut Catala d'Oncologia
• Instituto de microcirugia ocular
• Others

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting And Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Recent Developments

• In May 2024, SOLTI, a leading group in clinical cancer research in Spain, launched the renewed version of Cyclibtool (www.cyclibtool.org), a free access digital tool for professionals based on artificial intelligence (AI) technology to avoid, for patients with hormonal breast cancer (HR+), serious or unnecessary toxicities resulting from the combination of drugs during cancer treatment.

Market Segment

• This study forecasts revenue at Spain, regional, and country levels from 2020 to 2033. Spherical Insights has segmented the Spain medical tourism market based on the below-mentioned segments

Spain Medical Tourism Market, By Treatment Type

• Cardiovascular treatment
• Orthopedic treatment
• Cosmetic treatment
• Bariatric treatment
• Dental treatment
• Others

Spain Medical Tourism Market, By Service Provider

• Public
• Private