Market Trends of India Medical Tourism Industry
Increase in the Number of Medical Tourists in India is Driving the Market
India saw a significant increase in medical tourists over the past few years. One of the primary reasons is the country's advanced medical facilities, which offer world-class treatments and procedures at a fraction cost of comparable treatments in other countries. This cost-effectiveness made India an attractive destination for patients seeking affordable healthcare. The country includes a large pool of highly trained medical professionals like doctors, surgeons, and nurses skilled in the latest medical procedures and techniques. This expertise and the country's advanced medical facilities made India a popular destination for specialized treatments such as organ transplants, cardiac surgeries, and orthopedic surgeries.
One of the most critical factors is low-cost treatment by esteemed hospitals in India. People usually look for similar treatment in nations that can provide it cheaper. Apart from that, in some countries, obtaining a visa requires a lengthy process. Due to the low-cost treatments available in India, it ranks at number 7 amongst the 20 wellness tourism markets, with over 560 lacs trips made to India for medical value tourism generating USD 16.3 billion in revenue. It also ranks at number 3 in wellness-focused countries in the Asia-Pacific.
Expansion of Healthcare Infrastructure in India is Driving the Marekt
India saw a significant expansion in its healthcare infrastructure over the past few years. This expansion is driven by public and private investment in healthcare and government initiatives to improve healthcare access and quality across the country. One of the key areas of expansion in healthcare infrastructure in India is the construction of new hospitals and healthcare facilities. Many new hospitals and healthcare centers were built nationwide, particularly in urban areas, to meet the growing healthcare service demand. These facilities are equipped with the latest medical equipment and technologies and staffed by highly trained medical professionals.
In addition to new hospitals, India saw an expansion in its healthcare workforce. The government launched several initiatives to increase the number of healthcare professionals in the country, including training programs for doctors, nurses, and other healthcare workers.
Another expansion area in India's healthcare infrastructure is the development of telemedicine and other digital health technologies. These technologies allow patients in remote areas to access healthcare services and consultations from doctors and specialists elsewhere in the country. It helped improve healthcare access and quality in underserved areas and made healthcare services more convenient and accessible for patients.
Overall, expanding healthcare infrastructure in India helped improve healthcare access and quality nationwide, making it easier for patients to access the necessary treatments and services. With continued investment and government support, India's healthcare infrastructure is poised for further growth in the coming years, which will help to improve healthcare outcomes for patients across the country.
