Medical tourism is rapidly gaining traction in global healthcare industry, wherein costs of biomedical procedures and surgical operations are tied up with travel and tourism spending.
India attracts international patients from more than 50 countries including neighbours — Myanmar, Afghanistan, Bhutan, Malaya, Mauritius, Nepal, Maldives, Pakistan, Bangladesh, and Sri Lanka. Developed economies such as Australia, the UK, Canada, Spain, Germany, Hong Kong, Scotland, Holland, France, Argentina, and the US are also exhibiting a growing influx of outbound medical tourists to India. Flock of patients from Tanzania, Vietnam, Nigeria, Senegal, and Seychelles, are also frequently visiting India to seek effective treatment.
The medical tourism market in India touched $ 7 billion value by the end of 2018. It has been forecasted that by the end of 2020, India’s medical tourism market will be worth over $18 billion, reflecting an annual value growth of approximately 28 percent.
