Comprehensive Analysis of the Medical Travel Insurance Market: Growth Drivers and Opportunities

The global Medical Travel Insurance Market  is projected to reach USD 63.98 billion by 2030, growing at a CAGR of 13.2% from 2025 to 2030. The steady rise in international tourism, driven by travel for business, education, and leisure, is fueling demand for comprehensive medical coverage to protect travelers from unexpected healthcare expenses.

Key players in the market include Cigna Healthcare, AXA S.A., Chubb Limited, World Nomads Travel Insurance, Seven Corners, Generali S.p.A., Star Health, VFS Global, and others. These companies are focusing on partnerships and product innovations to strengthen their market presence. For instance, in June 2024, World Nomads partnered with Collinson to launch an annual multi-trip insurance product in the UK and Ireland, offering enhanced coverage and medical assistance through services like Air Doctor.

Similarly, in June 2023, Cigna Healthcare introduced a global health benefit plan tailored for adults aged 60 and above, providing comprehensive coverage for hospital stays, chronic conditions, and essential medical services during international travel. Such initiatives highlight the growing focus on personalized, flexible insurance solutions for global travelers.