For the last few years, the medical tourism has been growing remarkably in India on back of strong economic development and favorable policy framework. Though the Indian medical tourism industry is still smaller in size as compared to developed nations, it enjoys splendid developments at both national and regional levels. According to a latest research report by RNCOS, 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.
Research Analysis & Highlights
The report, “Booming Medical Tourism in India”, is spread over 65 pages and 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 fueling growth in the sector. Discussing major segments, such as cardiac and orthopedic procedures, and neurological and spinal surgeries, the report also facilitates information on the most preferred medical procedures taken by foreign tourists in India. The research report also presents the 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.
Some of the key findings of the report are:
- Growing synergy of cord blood banking in India.
- Cardiac procedures are gaining popularity among foreigners.
- Healthcare infrastructure will show magnificent growth in India.
- Prospects of wellness tourism are growing.
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