The medical tourism industry in India is expected to grow blissfully in the coming years and expected to grow at a CAGR of around 27% during 2009-2012, according to our research report “Booming Medical Tourism in India.” The 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.
Further, the government initiatives including the introduction of M-visa and investment for setting up affordable hospitals and budget hotels for patients and their relatives in the country will drive the industry growth. Our research indicates that India has emerged as one of the key players at both the regional and international level. Developing healthcare infrastructure, growing private hospitals such as Wockhardt, Apollo, Escort, expert healthcare professionals, low-cost treatments and less waiting time are some of the reasons that attract overseas patients to India.
Besides, we have done an extensive research and prudent analysis of the Indian medical tourism market to understand the factors that will continue to serve as the growth drivers for the industry in the coming years. We have identified that factors such as the forthcoming Commonwealth Games and increasing popularity of Yoga and Ayurvedic treatment have been spurring growth in the market. In addition, various other factors propelling growth in the medical tourism industry have been thoroughly evaluated in the report.
Our comprehensive report “Booming Medical Tourism in India” provides a deep insight into the Indian medical tourism market and evaluates its past, present and future scenario. It discusses the key factors which make India an attractive medical tourism destination. The report thoroughly examines each industry parameter like key market drivers, emerging segments and market restraints. Most importantly, the report gives the future outlook for all the important segments considering the effects of global economic crisis on base drivers, opportunities and challenges faced by the medical tourism industry.
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