According to our new report “Booming Medical Tourism in India”, medical tourism in India has emerged as the fastest growing segment of the tourism industry, despite the global economic downturn. The domestic medical tourism industry holds huge potential and will be mainly driven by improving tourism & medical infrastructure, increasing availability of quality healthcare services, and low healthcare costs. Several factors such as, low cost, government support, and high private investments have contributed to a remarkable growth in the medical tourism market. The market is expected to grow at a CAGR of around 26% during 2011–2013.
We have also 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 Indian differentiate it from other medical tourism destinations. Moreover, the growth in India’s medical tourism market will be a boon for several associated industries, including hospital industry, medical equipments industry, and the pharmaceutical industry.
The report also describes some other key market trends that are likely to impact the Indian medical tourism market. These trends have been identified after conducting an in-depth research of recent developments taking place in industry. The report also illustrates the importance and overview of regulatory environment regarding Indian tourism market. Additionally, the report covers in depth cost analysis of different health procedures in the country compared to other major medical tourism destinations.
“Booming Medical Tourism in India” provides extensive information of the Indian medical tourism market and covers all the potential segments in the industry from medical procedures to wellness industry. It presents comprehensive information of each industry parameters like, 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. Due consideration has been given to the competitive landscape to enable clients understand the current market structure and future growth prospects.
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Article By: Shushmul Maheshwari