Medical Tourism in India is one of the best options available to people across the globe. Lots of people come from various places every year to get treated and then enjoy their recovering holidays across India.
India is a vast magnet for attracting foreign patients for medical treatments. With general tourism on the rise, it is expected that the capacity of medical tourists global could reach up to 5 million by 2016, attracting additional visitors to the country.
Medical tourism is more largely 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.
Below are four things about the India’s Medical Tourism:
1. Medical Tourism Market is expected to be esteemed at $4 billion
Health care tourism has been a key growth sector for more than a decade. Increasing insurance market, strong pharmaceutical industry, cheap international travel, and quality health care are gradually making India a favored tourist destination.
This market includes secondary companies 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 organizations such as Tata, Fortis, Max, Wockhardt, and Apollo Hospitals have made major investments in setting up modern hospitals and tourism related services to cater to the new brand of visitors from abroad.
2. Tourists come to India for Economic reasons and Market attractiveness
There are financial benefits for choosing English-speaking India for certain processes. A heart bypass technique costs roughly $140,000 without any insurance in the U.S. In India, the same treatment costs $7,000 or Rs.3 lakh at one of India’s leading surgery centres.
India has many top-notch centres for open-heart surgery and pediatric heart surgeries which are equipped with the latest equipment that are on equality with these Western countries. India is also highly aware of the quality observations of its visitors. Many Indian hospitals that provide to foreign tourists meet the requirements of U.S. health standards like Food and Drug Administration and Joint Commission Accreditation for hospitals, hoping to fight this notion.
India is also home to a number of alternative medicine techniques such as Ayurveda, Sidha, Unani, Yoga, Acupuncture and Homeopathy which are very popular among foreigners. Such treatment opportunities give India the edge over its competitors like Thailand, Singapore, Malaysia, South Korea and UAE.
3. Tamil Nadu, Maharashtra and Delhi are the top destinations
Based on the government statistics, of foreign tourists for 2016, more than 55% of the visitors went to medical centers in the above 3 states. Quality hotels, added tourism opportunities, and high-quality hospital care are the biggest reasons for this above states to be in the top destinations.
4. Better Infrastructure and health related investments will decide the future
While all trends point towards an increasing demand for medical services in India, some key factors will determine whether medical tourism becomes India’s next crown jewel, like our Information Technology industry. Some factors are below:
• Infrastructure Investment by the government
• Reducing barriers for visiting India for Medical Purposes
• Raise quality standards to meet western providers
• Market Health tourism in western countries