According to our new report “Booming Medical Tourism in India”, India is emerging as one of the most attractive medical tourism destinations in the world. Majority of the tourists visiting India are from the developed countries, such as the US and the UK. Indian medical tourism industry is presently at a nascent stage, but possesses enormous future growth and development potential. To provide a further boost to the sector, the government is aggressively promoting India as a global healthcare destination. Consequently, it is expected that the country’s medical tourism market will grow at a CAGR of over 26% during 2011-2013.
Further, we have analyzed that the Indian government has acknowledged the opportunities, that medical tourism can bring in the country and has taken several initiatives to promote the industry. Some of these initiatives include investment worth about US$ 6.5 Billion in country’s medical tourism infrastructure during the next two years, introduction of a policy for a free treatment to foreign medical tourists, etc. Besides, various other government initiatives discussed and analyzed in the report will enable this market to grow by leaps and bounds in the coming years.
Additionally, our report reveals that the strong medical tourism industry is likely to fuel growth in many associated industries. For instance, upgradation of infrastructure to meet international healthcare demand will boost the sales of medical devices. Moreover, with the increasing medical tourist inflow in the country, the sales of pharmaceutical products will considerably increase and the tourism industry will witness stupendous rise in revenue in future.
Our report “Booming Medical Tourism in India”, provides a deep insight into the Indian medical tourism market and evaluates its past, present, and future scenario. It discusses key factors, which are making India an attractive medical tourism destination. It provides comprehensive information on each industry parameters, such as key market trends, emerging sectors, and cost analysis. Most importantly, the report presents future outlook for all the important aspects of the industry, considering the effects of the global economic crisis on base drivers, opportunities, and challenges faced by the medical tourism industry.
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Article By: Shushmul Maheshwari