Why Medical Tourism in India
“India has become Medical Tourism capital of the modern world. Medical Tourism is expected to generate a revenue of US $ 350 million by 2013 in India.
WTM (World Travel Market) ,12th Nov.,2009
“Highly skilled medical fraternity, low treatment costs, cutting edge technological advancements & rich cultural heritage have made India the most sought after Medical Tourism destination. Medical Tourism in India is expected to grow at an annual growth rate of 37% from 2009-2012.
CII (Confederation of Indian Industries), Dec.,2009
The reasons for India to become the hub of Medical Tourism are as follows:
World-class treatment & highly advanced healthcare infrastructure
- Booming software industry in India has facilitated technological revolution in healthcare. In fact, after software, healthcare industry is the next big thing in India & contributes majorly to India s fast growing economy.
- Strong academic & research base & a booming healthcare industry in India contributes towards a world class medical force ( Physicians, Surgeons, nurses). Indias medical force boasts of a high intellectual resource pooled in by highly skilled & qualified professionals. “10% Doctors in USA are Indians
- Fast growing economy has led to privatization & corporatization in the field of healthcare, thereby leading to the setting up of world class hospitals that provide highly advanced treatment facilities through high end technology & world class doctors.
- Low operating costs, high resources & highly qualified English-speaking manpower have made India the hub for Research & Development as well as clinical trials, thereby contributing majorly to the healthcare infrastructure.
- Due to the reasons cited above, India also has a strong Pharmaceutical base comprising of Indian & foreign companies that further strengthen the healthcare industry by bringing cutting edge technology & latest discoveries in India simultaneously with the western world.
II Substantially low treatment costs
Comparative Cost Analysis Chart- Medical Tourism in India vs Abroad (cost in US $)
| PROCEDURE |
USA |
INDIA |
THAILAND |
SINGAPORE |
MALAYSIA |
SOUTH KOREA |
MEXICO |
COSTA RICA |
UAE |
|
|
|
|
|
|
|
|
|
|
| Heart Bypass |
133,000 |
7,000 |
22,000 |
16,300 |
12,000 |
31,700 |
27,000 |
24,100 |
40,900 |
| Heart valve replacement with bypass |
140,000 |
9,500 |
25,000 |
22,000 |
13,400 |
42,000 |
30,000 |
30,000 |
50,600 |
| Hip Replacement |
57,000 |
7,020 |
12,700 |
1,200 |
7,500 |
10,600 |
13,900 |
11,400 |
46,000 |
| Knee Replacement |
53,000 |
9,200 |
11,500 |
9,600 |
12,000 |
11,800 |
14,900 |
10,700 |
40,200 |
| Face Lift |
16,000 |
4,800 |
5,000 |
7,500 |
6,400 |
6,600 |
11,300 |
4,900 |
n/a |
| Lap. Gastric Bypass |
52,000 |
9,300 |
13,000 |
16,500 |
12,700 |
9,300 |
11,000 |
n/a |
n/a |
References: WorldTravel Market, Traveltalk, ,CII, November,2009
The above chart is only an approximate price comparison tool. It in no way suggests the exact cost of any treatment.
- Treatment in USA/UK=Treatment in India +Tourism+ Savings -Waiting Time
- India offers state-of-the-art and cutting edge technology & highly advanced treatments at substantially low cost due to scales of economy, lesser operational costs and high currency conversion rate as compared to West.
“India offers speciality & super-speciality treatments at 5-10 times less cost as compared to US & UK, despite providing world class quality of treatment.
- India offers highly advanced medical treatments not available in Middle East, Africa & SAARC countries (Afganistan, Nepal, Bangladesh) at cost effective prices.
- India offers affordable insurance costs & cashless benefits.
IIIÂ Â Most sought after tourist destination
- India ranks amongst top 10 tourist destinations of the world.
- India is a 5000yr old civilization & has a rich cultural heritage.
- India offers exotic & breath-taking locales.
- Fluent English speaking skills of Indian population & medical force make it a global destination.
IVÂ World renowed traditional (alternate) therapy systems
- India offers best mix of Western & Eastern health care systems. Besides Allopathic treatment, India offers various traditional treatment options like Ayurveda & Homeopathy.
“In India, Ayurveda tourism earned 600,000 last year.
- India also offers various internationally acclaimed alternate (medical & wellness) therapies like Yoga, Reiki, Pranik healing & Accupressure & Naturopathy.
- India is the capital of the modern world for spa & massage wellness programs
Holistic Wellness with a Human Touch
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