Why is medical tourism a growing sector in India?
Why is medical tourism a growing sector in India?
The country offers a complete bouquet of healthcare services at an affordable price to the world. Highly skilled doctors and medical professionals, world class hospital infrastructure, cost-effective treatment and personalised care are some of the reasons for the fast growth of medical tourism industry in India.
Why is medical tourism becoming popular in India?
The country’s advanced facilities, skilled doctors and low-cost treatment make it an ideal destination for medical tourists. Aside from modern medical practices, India has also promoted traditional practices such as Yoga and Ayurveda that promote overall wellbeing and health.
What is the growth of medical tourism per annum in India?
Between 2017 and 2019, India experienced over 40% growth in FTAs, with the number of tourists increasing from 495,056 in 2017 to 697,000 in 2019. According to statistics, India receives most of its medical tourists from Afghanistan, Pakistan, Oman, Bangladesh, Maldives, Nigeria, Kenya and Iraq.
Why is medical tourism growing?
Key factors that are driving the medical tourism market growth include significant cost-saving and availability of additional benefits including better healthcare, latest technologies, innovative medicines, modern devices, better hospitality, and personalized care.
What is the scope of medical tourism in India?
There is wide scope for medical tourism with AYUSH. This is because the Indian systems of medicines, i.e. Ayurveda, Yoga, Panchakarma, Rejuvenation Therapy, etc. are among the most unique traditional systems of medical treatment around the globe and cannot be duplicated in other countries.
What is the future of medical and health tourism in India?
Medical Tourism Company India is undoubtedly one of the best locations to obtain top quality medical treatments and indisputably a leader in the promotion of medical tourism. The Indian Health Care industry is growing at a faster pace and it is likely to increase by $280 billion industry by 2020.
Which state of India is leading in medical tourism?
The leading destinations of medical tourism in India are Andhra Pradesh, Karnataka, New Delhi, Kerala, Tamil Nadu, and Maharashtra, the report said.
Is the medical tourism sector growing?
KEY MARKET INSIGHTS The global medical tourism market size was USD 11.56 billion in 2020. The market is projected to grow from USD 13.98 billion in 2021 to USD 53.51 billion in 2028 at a CAGR of 21.1% in the 2021-2028 period.
Where is medical tourism popular?
The 5 Most Popular Destinations for Medical Tourism
- Thailand. Thailand is, in many ways, the top destination for medical tourism in the world.
- Singapore. In 2019, the World Health Organization (WHO) ranked Singapore as the sixth best country in the world for healthcare.
- Turkey.
- India.
- South Korea.
What is the future of medical tourism?
The post-pandemic global medical tourism market is expected to boom, growing from just under $14 billion in 2021 to $53.5 billion in 2028, with an average annual growth rate exceeding 20 percent.
When did medical tourism start in India?
Indian Government Efforts to encourage medical tourism Since 30 August 2019, foreigners can receive any medical treatment in India with the exception of organ transplants without a medical visa.
What is the trend of medical tourism?
Medical tourism is a multi-billion dollar industry that is set to grow up to 25 percent every year for the next ten years. This data shows that more people are becoming interested. To combine the pleasure of traveling with the benefits of medical advancement.