Status
Current status
Last updated
Current status
Last updated
Currently, the medical tourism market continues to grow due to telemedicine, wearable devices, surgery and connected technology, and as a result, patients with property are conducting medical tourism in countries with better medical environments than their own countries.
The beauty plastic surgery market is also continuously growing due to the growth of the visual market, improved consumption, changes in awareness of beauty plastic surgery, young people's consumption, and population growth. In the past, the main customer base was young women, but now they are participating in the beauty plastic surgery market regardless of age or sex.
The global medical tourism market is expected to grow at an annual average of 9.7% from 109 trillion won in 2021 to about 240 trillion won in 2025. South Korea has high competitiveness based on advanced medical technology, advanced equipment, and IT-based systems, attracting about 24.8 million overseas patients in 2022, up 70.1% from the previous year.
FOREIGN MEDICAL TOURIST NUMBER
GLOBAL MEDICAL TOURISM MARKETSize / By Treatment Type / 2020 – 2030 (USD Billion)
The number of foreign patients visiting South Korea for medical tourism and beauty plastic surgery is about three times higher than that of other countries. From the statistics, 75% of patients undergoing plastic surgery in other countries chose South Korea and only 25% of foreign patients chose other countries. The rate of medical tourism for foreign patients for plastic surgery is also gradually increasing. Foreigners who visit South Korea for medical tourism are looking for plastic surgery the most, accounting for 33.6%, or one-third, and other medical subjects account for 66.4%.
FOREIGN PATIENTS IN PLASTIC SURGERY
Source : The second most common plastic surgery performed last year was 'wrinkles', what was number one? (2017.01.15) Click
PERCENTAGE OF FOREIGN PATIENTS' MEDICAL EXPENSES
In particular, South Korean beauty plastic surgery based on medical tourism began to gain huge popularity due to the Korean Wave. Beauty plastic surgery is one of the reasons people with overseas nationality often visit South Korea. (e.g. beauty plastic surgery, travel, etc.) As a result, beauty medical tourism is becoming more recognized than conventional plastic surgery, such as safe and effective anti-aging methods, and a growing share of housewives or women in their 40s as well as young women are in the plastic surgery market. While the beauty medical tourism industry is growing in various ways compared to the past, internal infrastructure is partially underdeveloped, causing damage to both consumers and healthcare providers.
