India Medical Tourism Industry Outlook to 2015

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Executive Summary

The report titled “India Medical Tourism Industry Outlook to 2015” provides a comprehensive analysis of the India Medical tourism industry covering in detail various aspects such as market size on the basis of number of foreign patients and medical tourists, revenue from foreign patients and medical tourist receipts, market segmentation, competitive landscape and profiles of the major hospitals treating foreign patients in the country. The report also entails major drivers and growth barriers of medical tourism market. The future outlook along with projections and macro-economic factors has also been presented providing an insight on the prospects in the medical tourism industry.

For more information please refer to the below mentioned link:
http://www.ammindpower.com/report.php?A=235

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India Medical Tourism Industry Outlook to 2015

  1. 1. TABLE OF CONTENTS1. Medical Tourism in India – An Overview2. Medical Tourism Value Chain in India3. Total Foreign Patients Treated and Foreign Patients Revenue in India, 2005-20104. Number of Medical Tourists Arrivals and Medical Tourist Receipts in India, 2005-20105. Medical Tourism Treatment Cost Comparison, 20106. Medical Tourists Arrivals by Nationality, 20097. Market Share of Major Indian Hospitals by Number of Foreign Patients Treated, 20108. Company Profiles 8.1. Apollo Hospitals Enterprise Limited (AHEL) Company Overview Corporate Timeline Business Strategies Financial and Operational Performance 8.2. Fortis Healthcare Company Overview Corporate Timeline Business Strategies Financial and Operational Performance 8.3. Max Healthcare (MHC) Company Overview Business Strategies Financial and Operational Performance9. Major Drivers and Growth Barriers Major Drivers Growth Barriers10. India Medical Tourism Future Outlook and Projections 10.1. Expected Foreign Patients and Foreign Patients Revenue, 2011-2015 10.2. Expected Medical Tourist Arrivals and Medical Tourist Receipts, 2011-2015 2 © This is a licensed product of AM Mindpower Solutions and should not be copied
  2. 2. 11. Medical Tourism Industry Factors: Historical and Projections 11.1. Total Foreign Tourist Arrivals and Tourism Receipts in India, 2005-2015 11.2. Healthcare Expenditure in India, 2005-201512. Appendix 12.1. Market Definition 12.2. Abbreviations 12.3. Research Methodology Data Collection Methods Approach Disclaimer 3 © This is a licensed product of AM Mindpower Solutions and should not be copied
  3. 3. LIST OF FIGURESFigure 1: Number of Total Foreign Patients in Thousands and Foreign Patients Revenue inIndia in USD Million, 2005-2010Figure 2: Number of Total Medical Tourists in Thousands and Medical Tourists Receipts inUSD Million, 2005-2010Figure 3: Medical Tourists by Nationality in Percentage, 2009Figure 4: Market Share of Major Hospitals on the Basis of Number of Medical TouristsTreated, in Percentage, 2010Figure 5: Apollo Hospitals Corporate Timeline, 1983 -2014Figure 6: Fortis Healthcare Corporate Timeline, 2001-2010Figure 7: Fortis Healthcare Location Wise Hospital Performance, in INR Million, FY’2010-FY’2011Figure 8: Fortis Healthcare Revenue Mix by Specialty in Percentage, FY’2011Figure 9: Number of Procedure Performed by Specialty in Fortis Healthcare, FY’2010 -FY’2011Figure 10: Max Healthcare Average Operational Beds and Average Revenue per Bed Day inINR, FY’2009 – FY’2011Figure 11: Expected Foreign Patients in Thousands and Foreign Patients Revenue in India inUSD Million, 2011-2015Figure 12: Expected Medical Tourists in Thousands and Medical Tourists Receipts in India inUSD Million, 2011-2015Figure 13: Total Foreign Tourist Arrivals in Million and Tourism Receipts in India in USDBillion, 2005-2015Figure 14: Healthcare Expenditure in India, in USD Billion, 2005-2015 4 © This is a licensed product of AM Mindpower Solutions and should not be copied
  4. 4. LIST OF TABLESTable 1: Medical Treatment Cost Comparison among the US, India, Thailand, Singapore,Malaysia, Mexico and the UK, in USD, 2010Table 2: Medical Tourists by Nationality, 2009Table 3: Key Performance Indicators of Major Indian Hospitals in Terms of Medical TouristsTreated, No. of Hospitals and Beds, 2010Table 4: Hospital Expansion Plan of Apollo Hospitals Enterprise Limited (AHEL), 2011Table 5: Apollo Hospitals Financial Performance, in INR Million, FY’2009 – FY’2011Table 6: Apollo Hospitals Revenue Mix by Business Segment, in INR Million, FY’2011Table 7: Apollo Hospitals Operational Performance, FY’2011Table 8: Apollo Hospitals Geographic Presence, FY’2011Table 9: Hospital Expansion Plan of Fortis Healthcare, FY’2011Table 10: Fortis Healthcare Financial Performance, in INR Million, FY’2009 – FY’2011Table 11: Fortis Healthcare Operational Performance, FY’2009 – FY’2011Table 12: Max Healthcare Services in Various Specialties, 2011Table 13: Max Healthcare Financial Performance, in INR Million, FY’2009 – FY’2011Table 14: Max Healthcare Inpatient and Outpatient Transactions and Average Revenue perInpatient and Outpatient in INR, FY’2009 – FY’2011Table 15: Total Foreign Tourist Arrivals in Million and Tourism Receipts in India in USDBillion, 2005-2015 5 © This is a licensed product of AM Mindpower Solutions and should not be copied
  5. 5. MEDICAL TOURISM IN INDIATOTAL FOREIGN PATIENTS TREATED AND FOREIGNPATIENTS REVENUE IN INDIA, 2005-2010In 2010, ~ thousand foreign patients visited India. The country faces stiff competition fromSingapore and Malaysia. There are increasing number of inflow of patients from the US andmany European countries. India is also receiving reasonable amount of patients fromcountries in Western Asia…Figure: Number of Total Foreign Patients in Thousands and Foreign Patients Revenuein India in USD Million, 2005-2010 800.0 1,800.0 700.0 1,600.0 600.0 1,400.0 1,200.0 (USD Million) 500.0(Thousands) 1,000.0 400.0 800.0 300.0 600.0 200.0 400.0 100.0 200.0 0.0 0.0 2005 2006 2007 2008 2009 2010 Foreign Patients (Thousand) Foreign Patients Receipts (USD Million)NUMBER OF MEDICAL TOURISTS ARRIVALS AND MEDICALTOURIST RECEIPTS IN INDIA, 2005-2010The medical tourists’ arrivals are increasing in the country at a CAGR of ~% from 2005 to2010. The country has recorded an influx of ~ thousand medical tourists in 2005 whichinclined to ~ thousand in 2007. The country has various medical centers in different locationssuch as Delhi, Mumbai, Chennai, Bangalore and others which offer high class medicalservices. The country is famous for low cost medical treatment for heart, dental and cosmeticsurgery. Total medical tourist arrivals were registered at ~ thousand in 2010… 6 © This is a licensed product of AM Mindpower Solutions and should not be copied
  6. 6. Figure: Number of Total Medical Tourists in Thousands and Medical Tourists Receiptsin USD Million, 2005-2010 140.0 400.0 120.0 350.0 300.0 100.0 (USD Million) 250.0(Thousands) 80.0 200.0 60.0 150.0 40.0 100.0 20.0 50.0 0.0 0.0 2005 2006 2007 2008 2009 2010 Medical Tourists (Thousands) Medical Tourists Receipts (USD Million)MEDICAL TOURISM TREATMENT COST COMPARISON, 2010There is huge difference in the cost of the treatment being offered in the US and in Asiancountries. For instance, Angioplasty treatment will cost USD ~ in the US while it will costUSD ~ in India and Malaysia, USD ~ in Thailand and USD ~ in Singapore. This hugedifference in the cost is largely due to the lower labour cost in the countries in Asia region.Even in case of medical diagnostic tests such as MRI scan, there exists a huge gap betweenthe cost charged in the US and in India.Table: Medical Treatment Cost Comparison among the US, India, Thailand, Singapore,Malaysia, Mexico and the UK, in USD, 2010 South 1,2Procedure The US India Thailand Singapore Malaysia Mexico KoreaHeart bypass(CABG)Heart ValvereplacementAngioplastyHip replacement 7 © This is a licensed product of AM Mindpower Solutions and should not be copied
  7. 7. Knee replacementGastric bypassHip resurfacingSpinal fusionMastectomyRhinoplastyTummy TuckBreast reductionBreast implantsCrownTooth whiteningDental implantsNotes:1. Costs of surgeries around the world. Costs given in USD2. The price comparisons for surgery take into account hospital and doctor charges, but do not include the costs of flightsand hotel bills for the expected length of stay.MARKET SHARE OF MAJOR INDIAN HOSPITALS BY NUMBEROF FOREIGN PATIENTS TREATED, 2010Indian medical tourism is a concentrated market with major ~ hospitals serving ~% of thetotal medical tourist arrivals in India in 2010. Apollo Hospitals, the second largest hospitalnetwork in India is the market leader in terms of serving medical tourists. The group servedabout ~ medical tourists in 2010 contributing the share of ~% to the total medical tourists’ arrivals in India. The company operates a Indian medical tourism is a concentrated network of ~ hospitals and medical centres with market with major ~ hospitals serving ~ inpatients complement beds. Max Healthcare ~% of the total medical tourist arrivals in is the second largest hospital group with ~% India in 2010 market share serving around ~ medical touristsin 2010 through ~ hospitals and medical centres and ~ complement beds. 8 © This is a licensed product of AM Mindpower Solutions and should not be copied
  8. 8. Table: Key Performance Indicators of Major Indian Hospitals in Terms of MedicalTourists Treated, No. of Hospitals and Beds, 2010Hospital Chain/Group Medical Tourists7 Number of Hospitals Number of BedsApollo Hospitals1Max Healthcare6Fortis Healthcare2Manipal Hospitals4Care Hospitals3Sterling Hospitals5OthersSource: Company Reports, AM Mindpower Solutions(1) Company MIS reports; Figures as of March 31, 2011.(2) Fortis investor presentation as of September 2011(3) Care Hospitals Management; Information retrieved on December 08, 2011.(4) Manipal Hospitals website; Information retrieved on December 08, 2011.(5) Sterling Hospitals website; Information retrieved on December 08, 2011.(6) Max India investor presentation as of June, 2011(7) Both Inpatients and OutpatientsINDIA MEDICAL TOURISM FUTURE OUTLOOK ANDPROJECTIONSEXPECTED MEDICAL TOURIST ARRIVALS AND MEDICAL TOURISTRECEIPTS, 2011-2015India medical tourism has compelling potential with streamlined value chain and servicenetwork of government, state tourism boards, travel agents, tour operators, hotel groups andprivate sector hospitals. Indian medical tourism industry is estimated to reach to USD ~million by 2014 and to USD ~ million by 2015 by growing at an expected CAGR of ~% from2010 to 2015. This growth will largely be due to an increase in the inflow of medical tourists 9 © This is a licensed product of AM Mindpower Solutions and should not be copied
  9. 9. in the country from the US, Middle East, South Asia, West Asia and Africa. It is estimatedthat overall ~ thousand medical tourists will visit the country in 2011 and will grow to ~thousand by 2013. By 2015, increased medical tourists will visit India for the completepackage of leisure, relaxation and inexpensive medical treatment…Figure: Expected Medical Tourists in Thousands and Medical Tourists Receipts inIndia in USD Million, 2011-2015 200.0 700.0 180.0 600.0 160.0 140.0 500.0 (USD Million)(Thousands) 120.0 400.0 100.0 80.0 300.0 60.0 200.0 40.0 100.0 20.0 0.0 0.0 2011 2012 2013 2014 2015 Medical Tourists (Thousand) Medical Tourists Receipts (USD Million)DISCLAIMERNo part of this manual or any material appearing may be reproduced, stored in ortransmitted on any other Web site without written permission of AM Mindpower Solutionsand any payments of a specified fee. Requests to republish any material may be sent to us. 10 © This is a licensed product of AM Mindpower Solutions and should not be copied

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