The research has found that India represents the most potential medical tourism market in the world. Factors such as low cost, scale and range of treatments provided by India differentiate it from other medical tourism destinations. The growth in India’s medical tourism market is expected to serve as a boon for several associated industries also, including hotel industry, medical equipment industry and pharmaceutical industry.
Key Findings
India offers vast range of medical treatments - from simple dental procedures to the complex cardiac surgeries. Patients can save 60%-95% of their treatment costs by undergoing treatment in India.
Wellness tourism, comprising of spa, yoga and Ayurveda, has a very bright future in India as foreigners are increasingly flocking to India to seek physical and mental healing.
In 2007, around 272,000 medical tourists visited India for medical tourism and together, they brought US$ 656 Million in revenues.
Lack of proper hospital accreditation system and inefficient laws against malpractice can be the biggest factor limiting the growth of India’s medical tourism Industry.
India enjoys a considerable superiority over both Singapore and Thailand as preferred medical destination.
Both foreign employers and insurance firms are expected to outsource large share of medical treatments to India.
The Indian medical tourism market is expected to generate over US$ 2.5 Billion in revenues by 2012.
Key Issues & Facts Analyzed
Evaluation of past, current and future market trends.
Market evaluation by segment.
Discussion on the major drivers of the Indian Medical tourism market.
Analysis of the opportunities created by the market.
Analysis of the major challenges for the market.
Study of the competitive landscape of the market.
Key Players Analyzed
This section provides the overview and key facts of prominent players in the Indian medical tourism market, such as Apollo, Wockhardt, Fortis Healthcare and Max India.
Research Methodology Used
Information Sources
Information has been sourced from books, newspapers, trade journals and white papers, industry portals, government agencies, trade associations, monitoring industry news and developments, and through access to more than 3000 paid databases.
Analysis Methods
The analysis methods include ratio analysis, historical trend analysis, and linear regression analysis using software tools, judgmental forecasting, and cause and effect analysis.
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