Taiwan Inbound Medical Torism Market Overview, 2028

The island nation of Taiwan has emerged as a dynamic and sought-after destination in the realm of inbound medical tourism, drawing a growing number of international patients seeking top-tier healthcare services amidst a backdrop of captivating landscapes and rich cultural experiences. Renowned for its cutting-edge medical facilities, skilled medical professionals, and diverse range of treatments, Taiwan has positioned itself as a leading choice for individuals around the world in pursuit of advanced medical solutions seamlessly intertwined with the allure of its vibrant culture. Taiwan is renowned for its advanced healthcare technology and skilled medical professionals. International patients are drawn to the country's cutting-edge medical facilities and the opportunity to access world-class treatments and procedures. Taiwan is emerging as a hub for dental tourism, offering a range of dental treatments and procedures at competitive prices. Dental tourists are attracted by the combination of quality care and the chance to explore Taiwan's cultural and natural attractions. Furthermore, the Taiwanese government actively promotes medical tourism, collaborating with private healthcare providers to enhance the country's global visibility as a medical destination. Initiatives include marketing campaigns, streamlined visa processes, and infrastructure development. According to the research report "Taiwan Inbound Medical Tourism Market Overview, 2028," published by Bonafide Research, the Taiwan Inbound Medical Tourism Market is expected to grow at a rate of more than USD 1000 Million from 2023 to 2028. Beyond medical treatments, Taiwan's rich cultural heritage, historic sites, and vibrant cities offer an enticing backdrop for medical tourists seeking a holistic travel experience. Taiwan's modern infrastructure, transportation networks, and hospitality industry contribute to a seamless experience for medical tourists. Furthermore, Health check-up packages that offer comprehensive assessments and preventive care have attracted individuals seeking proactive healthcare management. In 2015, over 300,000 medical tourists visited Taiwan, seeking treatment. Among these patients, cardiovascular, spinal, orthopaedic, joint replacement, and organ transplantation surgeries, as well as cancer treatments, were the most popular. Based on the treatment segment includes the Cancer Treatment / Oncology, Cosmetic Treatment, Dental Treatment, Cardiovascular Treatment, Bariatric Treatment, Orthopaedics Treatment / Spine Treatment, Fertility Treatment / IVF Treatments, Organ Transplant, Ophthalmology Treatment, Neurological Treatment, Alternative Treatment and Other. In Taiwan, cosmetic treatments hold the highest market share. Taiwan boasts a highly skilled and specialised workforce of medical professionals, including plastic surgeons, dermatologists, and aesthetic specialists. These experts are known for their advanced training, expertise, and commitment to delivering safe and effective cosmetic treatments. Taiwan's cosmetic treatment industry caters to a diverse range of patients, including both domestic and international clients, contributing to its growth and development. Furthermore, some medical tourism destinations organise educational seminars, workshops, and events to inform potential patients about available cosmetic treatments and their benefits.

Based on the service provider segment, which includes the Public and private sectors, the private sector is the leading market as a service provider in the Taiwan market. Private Service providers in Taiwan often focus on specific medical specialties or treatments, allowing them to develop deep expertise in those areas. This specialisation can attract patients seeking specialised or niche treatments. Furthermore, Private healthcare providers in Taiwan typically offer shorter waiting times for appointments and procedures compared to public facilities. This is appealing to medical tourists who prioritise timely access to medical care. Some private hospitals in Taiwan hold international accreditations, such as Joint Commission International (JCI) certification. These accreditations demonstrate adherence to rigorous global standards of safety and quality. Private healthcare providers often invest in research, innovation, and the adoption of the latest medical technologies, attracting patients who are interested in cutting-edge treatments. Taiwan's skilled medical professionals and advanced healthcare technology create opportunities for providing specialized and high-quality medical treatments to international patients. The demand for cosmetic and aesthetic treatments is on the rise globally. Taiwan's reputation for natural-looking results and skilled practitioners positions it as a competitive destination for such procedures. Furthermore, Taiwan's integration of traditional Chinese medicine (TCM) practices with modern treatments opens doors for wellness and holistic medical tourism experiences. Furthermore, ensuring a clear and comprehensive regulatory framework for medical tourism is essential to maintain quality standards and patient safety. While English proficiency is growing, language barriers can still pose challenges in effective communication between international patients and healthcare providers. Taiwan faces competition from other established medical tourism destinations, necessitating strong marketing efforts and unique value propositions. Considered in this report

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Manmayi Raval

Research Consultant

• Geography: Taiwan • Historic year: 2017 • Base year: 2022 • Estimated year: 2023 • Forecast year: 2028 Aspects covered in this report • Taiwan Inbound Medical Tourism market with its value and forecast along with its segments • On-going trends and developments • Top profiled companies • Strategic recommendation

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By Treatment Type • Cancer Treatment / Oncology • Cosmetic Treatment • Orthopedics Treatment / Spine Treatment • Cardiovascular Treatment • Fertility Treatment / IVF Treatments • Neurological Treatment • Organ Transplant • Bariatric Treatment • Dental Treatment • Alternative Treatment (Acupuncture, Ayurveda, Homeopathy, Naturopathy, Chinese or Oriental medicine, Chiropractic and osteopathic medicine, Massage, Body movement therapies, Tai chi, Yoga, Dietary supplements, Herbal medicine, Nutrition/diet, Electromagnetic therapy, Reiki, Qigong, Meditation, Biofeedback, Hypnosis, Art, dance, and music, Visualization and guided imagery, etc.) • Ophthalmology Treatment • Other Treatments (Dermatological treatments, ENT (Ear, Nose, and Throat) treatments, Allergy and Immunology treatments, Sleep disorder treatments, Mental health and psychological treatments, Urology, diabetology, Proctology, Vascular Surgery, etc.) By Service Providers • Private • Public The approach of the report: This report consists of a combined approach of primary as well as secondary research. Initially, secondary research was used to get an understanding of the market and listing out the companies that are present in the market. The secondary research consists of third-party sources such as press releases, annual report of companies, analysing the government generated reports and databases. After gathering the data from secondary sources primary research was conducted by making telephonic interviews with the leading players about how the market is functioning and then conducted trade calls with dealers and distributors of the market. Post this we have started doing primary calls to consumers by equally segmenting consumers in regional aspects, tier aspects, age group, and gender. Once we have primary data with us we have started verifying the details obtained from secondary sources. Intended audience This report can be useful to industry consultants, manufacturers, suppliers, associations & organizations related to Inbound Medical Tourism industry, government bodies and other stakeholders to align their market-centric strategies. In addition to marketing & presentations, it will also increase competitive knowledge about the industry.