In India, the medical tourism has been growing at an unprecedented rate for last few years, thanks to strong economic development and government support. In the recent past, the country has emerged as the preferred destination for surgical treatments. As per the latest research report by RNCOS, cord blood has the potential to become a critical input for many such treatments. Cord blood is the blood that remains in the umbilical cord after a baby is born, and represents a new and the richest source of stem cells. The planned development in cord blood banking is expected to provide the required fillip to the Indian medical tourism, and help the country achieve its objective of becoming a ‘global health destination’.
According to “Booming Medical Tourism in India”
, medical tourism has emerged as the rapidly growing segment in India’s tourism industry, despite global financial crisis. Though the Indian medical tourism industry is still smaller in size as compared to developed nations, it has witnessed and will continue seeing impressive developments at both national and regional levels. Advantages like low cost and less waiting time, world-class healthcare infrastructure and rich cultural heritage are among the key factors driving the Indian medical tourism industry, which is expected to post a CAGR of 27% during 2011-2015.
The 70-page report provides a thorough research and cogent analysis of the current status and expected position of the medical tourism industry in India. It examines the prominent emerging trends and drivers stimulating the sector’s growth. Discussing major segments, such as cardiac and orthopedic procedures, and neurological and spinal surgeries, the study also facilitates information on the most preferred medical procedures being taken by foreign tourists in India. The research report also presents forecast for the industry. Overall, the study includes indispensable information about the industry to help clients understand the market dynamics and get an insight into it at the micro level.
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