Philippines Medical Tourism Market Report and Forecast 2025-2034

The Philippines medical tourism market was valued at USD 1.26 Billion in 2024, driven by growing aging populations and high healthcare costs in developed countries. The market is anticipated to grow at a CAGR of 12.20% during the forecast period of 2025-2034, with the values likely to reach USD 3.98 Billion by 2034. The market growth is driven by the availability of more affordable compared to those in Western countries such as the United States, United Kingdom, and Australia.

Philippines Medical Tourism Market Overview

According to Filipino Tourism Secretary Christina Frasco, the Philippines currently ranks 3rd in Southeast Asia in medical tourism, a position that reflects not just its quality of care but also the natural beauty and cultural richness of its destinations. Globally, the country ranks in the top 20 medical tourism destinations, underscoring its growing appeal on the international stage. Filipino healthcare professionals are highly skilled, with many trained abroad, and most are fluent in English, making communication seamless for international patients. The market continues to grow, driven by a combination of affordable yet high-quality healthcare services and the country’s unique cultural and environmental offerings.

Philippines Medical Tourism Market Growth Drivers

An Influx of Foreign Investment to Drive Market Growth

A key driver of growth in the Philippine medical tourism sector is the increasing interest from foreign investors, particularly in healthcare infrastructure and services. For instance, in September 2024, the Department of Trade and Industry (DTI) met with representatives of Marubeni Corporation, a major Japanese conglomerate, to explore further investment opportunities in the country. Marubeni, a long-time investor in the Philippines, reaffirmed its commitment to expanding its footprint, especially in the healthcare sector. Notably, the company has invested in Medi Linx, a state-of-the-art centralized clinical laboratory that utilizes advanced Japanese medical technology, and Conceive IVF Manila Inc., which focuses on reproductive health and fertility services. These investments highlight a broader trend of foreign capital flowing into the Philippine healthcare industry, supporting the development of modern facilities and specialized services that cater to both local and international patients.

Philippines Medical Tourism Market Trends

Some of the notable market trends include a surge in government initiatives, strategic partnerships, and improvement in infrastructure to support the latest technologies.

Rise in Government Initiatives and International Partnerships to Boost Market Growth

One of the key trends in the Philippines' medical tourism sector is the growing support from the government to establish the country as a major hub for medical and wellness tourism in Asia. For instance, in May 2023, the Philippines Department of Tourism (DOT) and Dubai-based Agora Group, a global leader in health and wellness business solutions, signed a partnership, signaling the Philippines’ intent to boost international visibility, attract investment, and enhance the quality of its healthcare and wellness offerings. By aligning with global industry leaders, the DOT is not only promoting the Philippines as a competitive destination for medical travelers but also laying the groundwork for long-term infrastructure and service improvements that can support sustainable growth in this sector.

Holistic Wellness and Travel Experiences to Boost Philippines’ Medical Tourism Market Value

Philippines medical tourism has a unique ability to combine value-for-money healthcare services with holistic wellness and travel experiences. Beyond affordable medical procedures, ranging from preventive care to aesthetics and dental treatments, the country offers international patients the opportunity to recover and rejuvenate in scenic, healing environments. To further enhance this positioning, the Department of Tourism (DOT) launched several initiatives, including the Filipino Brand of Wellness module, which was introduced in May 2024. This program is designed to equip tourism stakeholders and local communities with the tools to deliver world-class wellness experiences. The DOT has also partnered with wellness associations to elevate service standards and promote integrated health and wellness tourism across the country.

Philippines Medical Tourism Market Segmentation

The market report offers a detailed analysis of the market based on the following segments:

Market Breakup by Treatment Type

• Medical Treatment
• Cardiovascular Procedure
• Oncological Procedure
• Orthopedic & Spine Procedure
• Dental Procedure
• Others
• Cosmetic treatment
• Cosmetic Procedures
• Rejuvenation Procedures
• Others
• Alternative medicine

Market Breakup by Service Provider

• Public
• Private

Philippines Medical Tourism Market Share

Private Healthcare Facilities to Lead the Market Share by Service Provider

The market is shaped by a dual-provider system, with services delivered through both public and private healthcare institutions. Based on recent trends, the private sector dominates in terms of catering to international medical tourists. Private hospitals and clinics are at the forefront of the industry, offering a wide range of specialized medical services, including cosmetic surgery, dental care, fertility treatments, orthopedic procedures, and wellness packages. These institutions have attracted significant investments from private equity firms and foreign entities in recent years. The private sector also benefits from being able to offer concierge-style services, personalized care, and English-speaking staff - features that are especially attractive to foreign patients. With its ability to modernize facilities, expand service offerings, and maintain high service quality, the private healthcare system has become the primary engine behind the Philippines’ medical tourism industry, contributing the bulk of revenue in this space.

Leading Players in the Philippines Medical Tourism Market

The key features of the market report comprise funding and investment analysis, and strategic initiatives by the leading players. The major companies in the market are as follows:

Health & Leisure

Established in 2008 and headquartered in the Philippines, H&L is a premier medical travel and wellness tourism integrator. It offers comprehensive services, including medical coordination, travel arrangements, and post-treatment care, promoting the Philippines as a top healthcare destination. H&L partners with accredited hospitals and clinics nationwide to offer patients safe and affordable treatment in fields like dentistry, cosmetic surgery, and preventive care. It also promotes post-treatment recovery in scenic locations, enhancing the overall wellness experience.

Al Afiya Medi Tour

Established in 2017, Al Afiya works with top-tier hospitals and expert physicians in areas like cardiology, oncology, orthopedics, and transplant surgery. It aims to make high-quality healthcare accessible and affordable by bridging the gap between international patients and Indian healthcare institutions. Their growing outreach in Southeast Asia, including the Philippines, reflects their focus on emerging medical tourism markets.

Tapscott Health Inc

Founded in 2016, Tapscott Health Inc. is a medical tourism facilitator based in the Philippines, serving international visitors and returning overseas Filipinos. THI offers a network of hospitals, outpatient clinics, and specialists, ensuring seamless access to healthcare services in the country. Their portfolio includes diagnostics, surgery, wellness programs, and personalized treatment plans. The company provides logistical support including medical coordination, travel assistance, and aftercare. Tapscott Health emphasizes patient-centered care and local partnerships to create trusted, high-quality healthcare experiences. Its mission is to make the Philippines a preferred destination for affordable and reliable medical and wellness services across Asia-Pacific.

The Medical City

The Medical City, founded in 1964, is a leading healthcare institution headquartered in Pasig City, Metro Manila. With over 50 years of experience, TMC has grown into the Philippines’ largest healthcare network, comprising a flagship hospital, four provincial hospitals, and over 50 clinics nationwide. TMC offers a comprehensive range of services, including advanced treatments in cardiology, oncology, organ transplantation, regenerative medicine, and aesthetics. It is internationally accredited and serves both local and foreign patients. The hospital has a dedicated International Patient Services unit, ensuring personalized care for medical tourists. TMC plays a central role in boosting the Philippines' medical tourism reputation.

Other players in the market include MedicalTourism.com, and World&Schedule, among others.

Key Questions Answered in the Philippines Medical Tourism Market Report

• What was the Philippines medical tourism market value in 2024?
• What is the Philippines medical tourism market forecast outlook for 2025-2034?
• What are the major factors aiding the Philippines medical tourism market demand?
• How has the market performed so far, and how is it anticipated to perform in the coming years?
• What are the market's major drivers, opportunities, and restraints?
• What are the major Philippines medical tourism market trends?
• Which treatment type is expected to dominate the market segment?
• Which service type is projected to lead the market segment?
• Who are the key players involved in the Philippines medical tourism market?
• What are the current unmet needs and challenges in the market?
• How are partnerships, collaborations, mergers, and acquisitions among the key market players shaping the market dynamics?

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