Medical Tourism in India on Growth Trajectory

According to our research report, “Booming Medical Tourism in India”, India is one of the most lucrative medical tourism markets in the world. Driven by factors like government support through policies and initiatives, low cost, less waiting time, healthcare infrastructure, and rich cultural heritage, the country has witnessed a remarkable growth in the recent past. Though smaller in size as compared to developed countries, the Indian medical tourism sector is enjoying splendid developments at the national and regional level and it is expected that the country has an enormous potential for future growth and development. Overall, numbers of foreigners seeking healthcare services in India are expected to surge at a CAGR of around 19% during the forecasted period 2011-2014.

 

Our report identifies that, with the rising number of medical tourists, the market has come up with various avenues in sectors, such as spas, dentistry, and cosmetic. With large number of tourists opting for relaxation and healing activities, spa centers have continued to evolve in the country. Similarly, the number of dentists and dental clinics has also been growing due to low-cost treatments attracting foreign visitors. Moreover, cosmetic and cardiac treatments are also being considered as a new growth opportunity and are expected to perform well in the future.

 

However, in order to provide better healthcare services, the Public Private Partnership (PPP) Model has been adopted by Indian Government both at the central and state level. The model seeks to improve healthcare infrastructure through expertise of private sector and better support of public sector. We have also found that regulatory structure related to medical tourism industry has been very liberal and supportive. The country has allocated good budgetary amounts for various policies and initiatives.

“Booming Medical Tourism in India”, incorporates an extensive research and rational analysis of the India medical tourism industry. Our report provides an insight of the Indian medical tourism industry and studies its past, present, and future trends. It offers a detail analysis of the forces driving the Indian medical tourism industry and discusses key market trends prevailing in the industry, which makes India a potential medical tourism destination. It also provides information (analysis and statistical data) of various industrial parameters that will help clients to analyze opportunities critical for their success in the India medical tourism industry.

For more information visit: http://www.rncos.com/Report/IM123.htm