Medical Tourism Market in India to Soar at a CAGR of 27%
The medical tourism industry in India has been growing enormously for the past few years and has become a crucial point of attraction for several developing countries. The country provides medical treatments at the lowest costs among Asian destinations, and is the most competitive destination with advantages of both lower cost and more sophisticated treatments. India’s vast pool of medical professionals and expanding private healthcare infrastructure will also ensure that this market reaches maturity much earlier than other destinations, says our new research report, “Booming Medical Tourism in India”. Thus, the medical tourism market in India is expected to surge at a CAGR growth rate of around 27% during the forecast period. Our report identifies that, Ayurveda and spa tourism in India has gained huge popularity among not only domestic travelers but also foreign tourists. Considering the benefits of these treatments and low cost, health and wellness has emerged as a shining industry. The taste of people has also changed. Now more and more people are looking for availing natural system of treatments instead of currently prevalent medical systems. States like Goa, Kerala, and Rajasthan are the most popular ones in Ayurveda and spa treatment.
However, at present, attractive features and costs of healthcare packages is becoming popular among tourists visiting for medical treatments/wellness. In terms of cost offerings, these packages differ from the general surgeries or treatments that are more costly in nature. Thus, the tourism facilitators provide these disease packages at a cost less than the direct cost of treatment for a medical tourist.
Besides, the report analyzes factors critical to the success of the Indian medical tourism industry. It has also identified key players in the market and included their detail business description. Additionally, the report sheds light on the emerging industry trends, which are expected to decide the future of the medical tourism industry in India.
“Booming Medical Tourism in India”, provides future forecast on the industry, based on correlation of past drivers, challenges, and opportunities for expansion. In this way, the report presents a complete and coherent analysis of the Indian medical tourism industry, which will prove decisive for clients. Detailed data and analysis will help investors, financial service providers, and global real-estate players to navigate through the latest trends in Indian medical tourism industry.6
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