Market Size of India Medical Tourism Industry
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| Market Size (2024) | USD 7.69 Billion |
| Market Size (2029) | USD 14.31 Billion |
| CAGR (2024 - 2029) | 13.23 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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India Medical Tourism Market Analysis
The India Medical Tourism Market size is estimated at USD 7.69 billion in 2024, and is expected to reach USD 14.31 billion by 2029, growing at a CAGR of 13.23% during the forecast period (2024-2029).
The Covid-19 pandemic outbreak significantly impacted the India Medical Tourism Market, like the global healthcare industry. The pandemic led to widespread travel restrictions and lockdowns, severely limiting patients' ability to travel for medical treatment and resulting in a decline in medical tourism. The India Medical Tourism Market was also affected by decreased demand for non-essential medical procedures, as patients prioritized their safety and avoided unnecessary travel. Many medical facilities were also repurposed to treat Covid-19 patients, limiting the availability of medical services for foreign patients.
India became a popular destination for medical tourism due to its advanced healthcare facilities, skilled healthcare professionals, and lower costs of medical treatments compared to developed countries. The India Medical Tourism Market offers various medical services, including cardiac surgery, organ transplantation, cosmetic surgery, dental care, and traditional medicine. The Indian government implemented various policies and initiatives to promote medical tourism, such as streamlined visa processes and developing specialized medical tourism zones. In addition, India includes a large pool of English-speaking doctors and nurses, which makes it easier for patients from English-speaking countries to communicate with their healthcare providers.
