Medical tourism is a thriving industry in India, attracting patients from across the globe seeking affordable medical treatments. With its state-of-the-art hospitals, skilled doctors, and low-cost healthcare services, India has emerged as one of the leading destinations for medical tourism. In this article, we will take a closer look at the size of the medical tourism industry in India.
Overview of Medical Tourism Industry in India
India’s medical tourism industry has been growing at an impressive rate over the past few years. According to a report by the Federation of Indian Chambers of Commerce and Industry (FICCI), the medical tourism industry in India was worth around USD 3 billion in 2015 and is projected to reach USD 7-8 billion by 2020.
Factors Driving Growth in Medical Tourism Industry
Several factors have contributed to the growth of India’s medical tourism industry. Some of these include:
- Affordable Healthcare: Healthcare services in India are significantly cheaper compared to other countries such as the US and UK. This makes it an attractive destination for patients seeking affordable treatments.
- Quality Healthcare Services: India boasts world-class hospitals that offer high-quality healthcare services at par with international standards.
- Skilled Doctors: The country has a large pool of highly skilled doctors who are trained in some of the best medical institutions around the world.
- Diversity of Treatments: Patients can avail themselves of a wide range of treatments including traditional Ayurvedic medicine, modern allopathic treatments, and alternative therapies.
The Most Popular Treatments Among Medical Tourists
Some of the most popular treatments among medical tourists visiting India include:
- Cancer Treatment: India has some of the best cancer treatment facilities in the world, which attract a large number of patients seeking affordable and effective treatments.
- Cardiac Surgery: The country is home to some of the most skilled cardiac surgeons who perform complex surgeries at a fraction of the cost compared to other countries.
- Fertility Treatment: India is fast becoming a hub for fertility treatments, with several world-class IVF clinics offering cutting-edge treatments.
- Orthopedic Surgery: India has some of the best orthopedic surgeons who are skilled in performing complex joint replacement surgeries.
The Future of Medical Tourism Industry in India
The future looks bright for India’s medical tourism industry. With growing demand for affordable healthcare services and increasing awareness about the quality of healthcare services available in India, the industry is poised for continued growth. The government is also taking steps to promote medical tourism by relaxing visa regulations and improving infrastructure.
In conclusion,
India’s medical tourism industry is a significant contributor to the country’s economy, attracting patients from around the world seeking affordable and high-quality healthcare services. With its skilled doctors, world-class hospitals, and diverse treatments, India is fast becoming a preferred destination for medical tourists. As the industry continues to grow, it presents significant opportunities for healthcare providers and investors alike.