Medical Tourism

4 things to know about India’s medical tourism

FEATURE

India is a huge magnet for attracting foreign patients for medical treatments. With general tourism on the rise, it is estimated that the volume of medical tourists worldwide could reach up to 5 million by 2016, attracting additional visitors to the country.

Medical tourism, more broadly health and wellness tourism, refers to the industry in which people from across the globe travel to other countries to get medical, dental and surgical care, and at the same time, visit the local attractions of that country. I want to share some key highlights of Medical Tourism in India–the next crown jewel–that could shape the future of India’s economy and healthcare.

1) Medical tourism market is estimated to be valued at $ 4 billion. Health care tourism has been a key growth sector for more than a decade. Growing insurance market, strong pharmaceutical industry, cheap international travel, and quality health care are increasingly making India a preferred tourist destination. India hosts about 1.27 million tourists from countries such as the U.S., U.K., and Canada in addition to visitors from neighboring countries like Bangladesh, Sri Lanka, and China.

This market includes secondary players from the tourism industry who greatly benefit from visitors to India. The government estimates that the growth of health-related services will be more than 5 percent for the next 10 years should further drive such visitors. Major corporations such as Tata, Fortis, Max, Wockhardt, and Apollo Hospitals have made significant investments in setting up modern hospitals and tourism-related services to cater to the new brand of visitors from abroad.

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