Low Treatment Cost to Drive Indian Medical Tourism by:Shushmul Maheshwari
According to our report "Booming Medical Tourism in India", Indian medical tourism industry has emerged as the fastest growing segment of the tourism industry during the past few years. High cost of treatments in the developed countries, particularly the USA and the UK, has been forcing patients from such regions to look for alternative and cost-effective destinations to get their treatments done. Moreover, with government support, low medical treatment cost, and world-class infrastructure, Indian medical tourism market is expected to grow at a CAGR of around 26% during the forecast period.
The biggest factor driving patients to seek healthcare in India, is the fact that the country provides first world treatments at third world cost. Many private hospitals such as, Apollo and Wockhardt have infrastructure and expertise at par with those available in the west, but cost comparatively lower than them. Other factors discussed in our report are acting as catalysts for the industry and infusing growth in the Indian medical tourism industry.
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 growth drivers for the industry in coming years. Besides, various other factors propelling growth in the medical tourism industry have been thoroughly evaluated in the 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 key factors, which are making India an attractive medical tourism destination. It provides comprehensive information of each industry parameters like key market trends, emerging sectors, and cost analysis. Most importantly, the report presents future outlook for all the important aspects of the industry, considering the effects of global economic crisis on base drivers, opportunities, and challenges faced by the medical tourism industry. Due consideration has been given to the competitive landscape to enable clients understand current market structure and future growth prospects.
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