Health care tourisom in i ndia


Published on

Published in: Business
  • Be the first to comment

  • Be the first to like this

No Downloads
Total views
On SlideShare
From Embeds
Number of Embeds
Embeds 0
No embeds

No notes for slide

Health care tourisom in i ndia

  1. 1. HEATH TOURISM IN INDIA <br />MOHIT LUNA <br />REG - 11OO1168<br />ROLL NO. B-23<br />
  2. 2. What is health tourism <br />Health Tourism is a concept where a patient travels to another country for medical treatment in order to save costs, or get treatment faster or even to avail of better medical facilities.<br />
  3. 3. Why India ?????<br /> Most patients from countries like USA and UK travel to developing countries such as India for treatment because India offers some of them cheapest pricing options of treatment,<br />Offers a good holiday, <br />There are no waiting lists or queues to stand in,<br />
  4. 4. The doctors are comparable to anyone in the world , they are highly qualified and trained in abroad .<br />India offers what you call a language advantage - a patient would surely prefer a country where English is widely spoken.<br />it is believed that the <br /> facilities in India are <br /> more suited for Inter-<br /> -national patients.<br />
  5. 5. How can you trust Indian Doctors?<br />INDIA have many highly qualified doctors , who have training from abroad , specially USA and UK.<br /> Indian surgeons and doctors are known for their skill and research <br /> throughout the world.<br />Around the world most<br /> of the doctors are Indian <br /> and most trustful .<br />
  6. 6. Concept of Medical Tourism / Treatment for Foreign Patients<br />
  7. 7. Historical Perspective<br />Neolithic & Bronze Age -Mineral & Hot Spring visits<br />Middle Ages-Thermal Springs<br />16th century-“Fountain of Youth”<br />17th/18th century-spa<br />19th century-Sea & Mountain Air (TB sanitarium)<br />20th century-“Health Farms” or “Fat Farms”<br />
  8. 8. Facts & Figures<br /><ul><li>Health care industry is worlds largest after retailing
  9. 9. Global healthcare revenue</li></ul> US$ 2.8 trillion<br /><ul><li>India’s healthcare industry</li></ul> worth US$ 17 billion;<br /> to grow by 13% per annum<br /> for next 6 years<br /><ul><li>In 2004,India treated 1.8 Lac patients. This is to grow substantially at the rate 25-30% in 2005</li></li></ul><li>Healthcare Business<br /> Facts & Figures<br /><ul><li>Medical tourism could account for 3-5% of the total healthcare delivery market.
  10. 10. India is rated amongst the world’s “must see top ten destination” by CondeNaste (international magazine)
  11. 11. A study by CII Mckinsey estimates that country could earn 5000-10,000 crore by 2012
  12. 12. Health procedures across world show 200-800% cost difference</li></li></ul><li>Issues for Treatment in Different Countries<br />SAARC , AFRICAS, MIDDLE EAST<br />No advance care available e.g Afghanistan , Nepal and Bangladesh etc<br />Limited specialized care<br />WEST<br />Long waiting - UK<br />Insurance unaffordable leading to semi insured and uninsured population - US<br />Private hospitals very expensive<br />
  13. 13. Advantage India(Core Competencies)<br />Quality<br />Large pool of doctors, nurses & paramedics<br />Strength: - Over 650,000 doctors; <br /> - Highly skilled experts, and<br /> - Possess English speaking skills<br />
  14. 14. Cont….<br />Comfort Level<br /><ul><li>NRI doctors recognized as amongst best in adopted countries (First World)
  15. 15. Usage of English
  16. 16. Indian Nurses increasingly getting international exposur</li></li></ul><li> “First World Treatment at Third World Costs”<br />Value Proposition<br />Quality medical services at 1/10th costs:<br /><ul><li>Complicated surgical procedures possible at 1/10th the cost
  17. 17. Increase in use of Computerized Hospital Information Systems
  18. 18. Software technologists facilitating tech revolution in </li></ul> healthcare<br /><ul><li>State-of-the-art medical establishments of great repute</li></li></ul><li> “First World Treatment at Third World Costs”<br />Lower Medication cost:<br /><ul><li>Strong Pharma Sector and gaining world recognition
  19. 19. Fast emerging as major Drug R&D Center
  20. 20. Strong Generic drugs business
  21. 21. Low cost of drug development in India
  22. 22. No waiting</li></ul>Tourist Interest:<br /><ul><li>5000 year old civilization
  23. 23. Renowned for Historical, Cultural and Religious diversity
  24. 24. Diverse geographical landmarks; vast coastline
  25. 25. Traditional arts and crafts
  26. 26. Vibrant democracy: Freedom for citizens; empowered women population</li></li></ul><li>Alternative Medicine Proposition:<br /><ul><li>Ancient Ayurvedic stream of medicines
  27. 27. Rejuvenation alternatives: Kerala’s health retreats
  28. 28. Naturopathy and Yoga</li></li></ul><li>Changing Consumer Patterns<br />Increased visibility & ease of access to leading hospitals, doctors and surgeons who post their skills & specialties, pricing etc on websites has made available a wide choice of treatment to the overseas patients<br />Media is showcasing India’s ability to treat overseas patients in a comparable environment<br />
  29. 29. Insurance<br />India proactively talking to Foreign Insurance companies to treat their beneficiaries in India<br />Cashless benefits<br />Hassle Free<br />
  30. 30. <ul><li>Standardized education in Medical Institutions
  31. 31. Strong regulatory mechanism to curb quacks
  32. 32. No communication and inter-personal skills teaching</li></ul>Doctors<br /><ul><li>Deficient Language skills
  33. 33. Lack of Standardization
  34. 34. Attrition</li></ul>Nurses & <br />Paramedical<br /><ul><li>Hygiene awareness in medical attendants
  35. 35. Unhygienic Food handling
  36. 36. Heterogeneous Pricing of services </li></ul> Service<br />Industry Issues<br />
  37. 37. PATH FORWARD (Strategy Imperative)<br />APEX BODY<br />+<br />SUCCESS<br />POTENTIAL<br />IMPROVEMENTS<br />GOVERNMENT & INDUSTRY HAND-HOLDING: <br />A MUST<br />