India is quickly becoming the most preferred destination among foreigners for getting quality health services. The major reason for this increased influx of patients is the affordable pricing of the treatment in India. It is much cheaper when compared to the health facilities in North America, Western Europe and many Southeast Asian countries.
The data and statistics also paint the same picture of constant growth of Medical Tourism In India. The NITI Aayog, the apex think-tank of the country, has identified the Medical Value Travel as one of the main source of foreign exchange earnings. Renowned organizations like IMS Health and FICCI have also reported that India has captured 18% share of the global tourism market. The growth story doesn’t end here as India’s medical tourism industry is estimated to be a $9 Billion industry accounting for 20% of the global market share by 2020.
The number of patients coming to India is also rising each year. KJ Alphons, Tourism Minister of India, declared in a written reply to Lok Sabha “The total number of patients visiting India in the year 2017 was 4.95 lakh.” Patients from Afghanistan and Bangladesh are always the highest. Oman, Sudan, Iraq, Yemen, Maldives and Uzbekistan are some other countries from where India sees highest influx of patients.
The interesting thing to note here is that India is not the only country that offers affordable pricing for these treatments. Brazil, Turkey, Thailand, Costa Rica etc. are also known for their reasonably priced health services. It becomes clear that pricing is not the only reason behind India’s position as a leader in the global medical tourism sector. These things also contribute to its top position:
The list can go on but for a general perception, these factors are enough to give you a glimpse into the reasons behind the booming medical tourism industry of India.