Medical tourism is a growing sector in India. India’s medical tourism sector is expected to experience an annual growth rate of 30%, making it a $2 billion industry by 2015.

1. Submitted by:
Rishi Kumar Vyas.

2. Medical tourism or health tourism is the travel of people to
another country for the purpose of obtaining medical treatment in
that country.
Medical tourism is a growing sector in India. India’s medical
tourism sector is expected to experience an annual growth rate of
30%, making it a $2 billion industry by 2015.
The city of Chennai has been termed India's health capital.
Multi- and super-specialty hospitals across the city bring in an
estimated 150 international patients every day. Chennai attracts
about 45 percent of health tourists from abroad arriving in the
country and 30 to 40 percent of domestic health tourists.

4. Generating Income and Employment
Source of Foreign Exchange Earnings
Promoting Peace and Stability
Developing Infrastructure

5. Rising incomes and education
Lead to innovation in healthcare solution
Lead to tourist attraction
Also political advantages

6. India not only offers the medical treatment but also other
rejuvenates services such as yoga, meditation, herbal therapies and
other skin treatments which could uplift the mood and enhance
health of medical tourists.
It is estimated that it will grow at a Compound Annual Growth Rate
of over 19% and will reach up to 1.3 million.
Tourism in India is also one of the fast revenue generating industry
and contributing around 5.92% to the National GDP, and providing
employment to over 9.24% of the total country‘s workforce.

7. Currently, the Indian healthcare industry is undergoing phenomenal
expansion. Some important market information includes.
The Indian healthcare market is today worth US $18.7 billion.
This Number will reach US $ 45 billion.
65% of healthcare is serviced by the private sector.
The industry is growing at 13% annually and this figure is
expected to reach 15% over the next five years.
The demand for quality medical treatment has resulted in a vast
healthcare network mushrooming across the country.

8. There is little follow-up care
Medical insurance
weak malpractice laws

9. A combination of many factors contributed to competitive
advantage and has led to the recent increase in popularity of
healthcare tourism in India.
World-class treatment at competitive price
Availability of skills, knowledge and resources
Strong reputation in the advanced healthcare segment
The diversity of tourist destinations availability

10. No strong government support or initiative to promote medical
tourism.
Lack of proper regulatory system for hospitals.
Strong competition from countries like Thailand, Malaysia, and
Singapore.
Under-investment in health infrastructure.

11. The Indian medical tourism industry is presently at a blossoming stage.
India‘s medical tourism sector is expected to experience an annual
growth rate of 30%, making it a Rs. 9,500 crore industry by 2015.
In just five years medical tourism in India has made a remarkable
position in the world medical tourism map and is recognized as reputed
health tourist destination all over the world.
According to a statistics, India will receive around one million health
tourist with a compound annual growth rate (CAGR) of 28.09%.