Final medical tourism in india

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  • 1. Heath Tourism is to provide World Class Health treatment at competitive affordable prices”. “One of the hottest sectors in India” (Public Health Foundation of India) “A multibillion dollar industry” “India a International medical tourisms hub” Dental SurgeryJoint Replacement Surgery 2
  • 2. Economics of tourism Tourism third largest net earner of foreign exchange India’s share in International Tourist arrival – 2007 - 0.34 percent 2011 - 0.59 percent – total 4.12 million The World Travel Tourism Council - “India as one of the foremost growth centre in the world in coming yrs”. Travel & Tourism sector creates more jobs per million rupees of investment plan, than any other sector of the economy. 3
  • 3.  India has world class corporate hospitals and excellent treatment Centre in the world. No waiting period Success rate – India -- 98.7% -- US – 97.5% Immediate attention / treatment / surgery Best Nursing Care with compassion Language no barrier – English speaking staff Low cost (1/10th), high quality, affordable best healthcare 4
  • 4. Growth of International Standard HospitalsApollo Hospital Hyderabad Max Hospital Delhi Fortis Hospital, Delhi Jasloka Hospital Breach Candy Hospital Wokhardt Hospital Mumbai Mumbai Bangalore 5
  • 5. Macro Economics of Medical Tourism 6
  • 6. Confederation of Indian Industry (C II) sponsored McKinsey & Co. study.–“Healthcare in India : The RoadAhead” report:- 1.3 million medical tourists visit Asia / year Over 1, 50000 medical tourists travelled to India in 2011 bringing in earnings of $ 350 million. 7
  • 7.  The size of Indian Medical Tourism sector estimated in 2012 to be min 1,00000 to 1,50,000 foreign patients per year (Medical Tourists) . The annual growth rate of Medical Tourism in India 2007 – 20% per year 2011 – 35% per year Kerala - 8000 patients annually. Cardiac, Ortho & Ayurveda treatment 8
  • 8.  “India’s Tourist Industry could yield from $ 1.2 billion presently to $ 2.2 billion annually by 2013 . The growth rate of Medical Tourism Industry @ 12% in 2002 will go to @ 30% annually by 2013 . Medical Tourism revenue can potentially rise from Rs. 5000 crores to Rs.10,000 crores per year. 9
  • 9.  $ 17 billion Indian Healthcare Industry contributes about 4% -5% of GDP. It is expected to grow @ 13% annually in next 5 yrs. Health care spending in India will increase from Rs. 86,000 crores in 2000-2001 to over Rs. 205,000 crores by 2013. Private Health care share will form the largest of this @ Rs.156,000 crores and growth will be driven by rising life style diseases. 10
  • 10. Advantage IndiaUnique medical value services to foreign patients that supersedes the competition : Yoga  Meditation /Spiritualism  Ayurveda healing “India offers a unique basket of services to an individual that is difficult to match by other countries” (CII) Less regulatory & legal problems 11
  • 11. Planning Commission Report - Govt will provide ‘M’ Visa to Medical Tourists on priority. Most patients visit from SAARC + US &UK Lowest cost -o Heart Bypass Surgery - India Thailand Singapore US / UK $ 6000 $ 7894 $ 23,983 $19,700o Heart Valve Replacement Surgery $ 8000 $ 10,000 $ 12500 US $ 20000 UK & 90,000 12
  • 12. Micro Economics - Comparative Cost AnalysisMetal Free Dental Bridge India – US $ 500 $ 5500Bone Marrow TransplantIndia US UK$ 30,000 $ 250,000- $40,000 $ 150,000Cosmetic SurgeryIndia Thailand US Singapore$ 2000 $ 35,00 $ 10,000 -Spinal Fusion$ 5500 $ 7000 $ 62,000 $ 9000 13
  • 13. SOME WAY TO + Establishment of “Indian Medical Tourism Corporation” : - International Branches - Liaison cell with all Indian & Foreign Missions - Brochures giving details & pictures of Indian Corporate Hospitals, specialties, Consultant’s detail, procedure rates , 14
  • 14.  Special attractive treatment, travel & tourism packages at competitive rates Package medical tourism through Travel & Tourism Cos. Health Insurance for treatment in India Regular Chartered Medical Tourism International Inbound Flights with all peripheral arrangements – in-flight medical care - Car/ ambulance transfer - Hotel – Hospital / Hotel – Wellness tourism-Return to home country– follow up 15
  • 15. Training Needs -for exponential economicgrowth & sustainable Indian Medical Tourism Institutional Training – University courses Training modules in soft skills – MT staffModular Short Training Courses for Specialists/Hospital Executives in Customer CareManagement - International PatientsTraining of Spa/Wellness Institution staff 16
  • 16. To IndiaUK, USA, Canada, Middle East, South East Asia MedicalTourists 17
  • 17. REFERENCESMagazine ,newspaper and televisionMCI website.Health ministry INDIAEconomicTimes 18