Delhi, India, July 23, 2008 –(PR.com)– RNCOS has recently added a new Market Research Report titled, “Booming Medical Tourism in India” to its report gallery. The report provides a complete insight into the Indian medical tourism market. It evaluates the past, present and future scenario of the Indian medical tourism market and discusses the key factors which are making India a favorable medical tourism destination. Both statistics and trends regarding market size, tourist arrivals, infrastructure, accreditations, drivers and restraints have been thoroughly discussed in the report.
The research has found that India represents the most potential medical tourism market in the world. Factors such as low cost, scale and range of treatments provided by India differentiate it from other medical tourism destinations. The growth in India’s medical tourism market is expected to serve as a boon for several associated industries also, including hotel industry, medical equipment industry and pharmaceutical industry.
Key Findings
- India offers vast range of medical treatments – from simple dental procedures to the complex cardiac surgeries. Patients can save 60%-95% of their treatment costs by undergoing treatment in India.
- Wellness tourism, comprising of spa, yoga and Ayurveda, has a very bright future in India as foreigners are increasingly flocking to India to seek physical and mental healing.
- In 2007, around 272,000 medical tourists visited India for medical tourism and together, they brought US$ 656 Million in revenues.
- Lack of proper hospital accreditation system and inefficient laws against malpractice can be the biggest factor limiting the growth of India’s medical tourism Industry.
- India enjoys a considerable superiority over both Singapore and Thailand as preferred medical destination.
- Both foreign employers and insurance firms are expected to outsource large share of medical treatments to India.
- The Indian medical tourism market is expected to generate over US$ 2.5 Billion in revenues by 2012.
» Read more: RNCOS Releases a New Report- Booming Medical Tourism in India
