HealthPlacid MediInnovations Pvt.Ltd (Medical Tourism In India)
Final medical tourism in india
-
date post
20-Oct-2014 -
Category
Documents
-
view
2.638 -
download
1
description
Transcript of Final medical tourism in india
22
“A multibillion dollar industry”
“India a International medical tourisms hub”
“One of the hottest sectors in India” (Public Health Foundation of India)
Joint Replacement Surgery
Dental Surgery
Heath Tourism is to provide World Class Health treatment at competitive affordable prices”.
33
Economics of tourismEconomics of tourism
Tourism third largest net earner of foreignTourism third largest net earner of foreign
exchange exchange India’s share in International Tourist arrival – India’s share in International Tourist arrival –
2007 - 0.34 percent 2007 - 0.34 percent
2011 - 0.59 percent – total 4.12 million2011 - 0.59 percent – total 4.12 million The World Travel Tourism Council - “India as The World Travel Tourism Council - “India as
one of the foremost growth centre in the world in one of the foremost growth centre in the world in coming yrs”. coming yrs”.
Travel & Tourism sector creates more jobs per million rupees of investment plan, than any other sector of the economy.
44
India has world class corporate hospitals and India has world class corporate hospitals and excellent treatment Centre in the world.excellent treatment Centre in the world.
No waiting periodNo waiting period Success rate – India -- 98.7% Success rate – India -- 98.7%
-- US – 97.5%-- US – 97.5% Immediate attention / treatment / surgeryImmediate attention / treatment / surgery Best Nursing Care with compassion Best Nursing Care with compassion Language no barrier – English speaking staff Language no barrier – English speaking staff
Low cost (1/10th), high quality, affordable best healthcare
55
Apollo Hospital Hyderabad Max Hospital Delhi Fortis Hospital, Delhi
Jasloka Hospital Mumbai
Breach Candy Hospital Mumbai
Wokhardt HospitalBangalore
Growth of International Standard Hospitals
Macro EconomicsMacro Economics of of
Medical Tourism Medical Tourism
66
77
Confederation of Indian Industry (C II) sponsored Mc Confederation of Indian Industry (C II) sponsored Mc Kinsey & Co. study.–“Healthcare in India : The Road Kinsey & Co. study.–“Healthcare in India : The Road Ahead” report:-Ahead” report:-
1.3 million medical tourists visit Asia / year1.3 million medical tourists visit Asia / year
Over 1, 50000 medical tourists travelled to India in Over 1, 50000 medical tourists travelled to India in 2011 bringing in earnings of $ 350 million. 2011 bringing in earnings of $ 350 million.
88
The size of Indian Medical Tourism sector estimated in The size of Indian Medical Tourism sector estimated in 2012 to be min 1,00000 to 1,50,000 foreign patients per 2012 to be min 1,00000 to 1,50,000 foreign patients per year (Medical Tourists) .year (Medical Tourists) .
The annual growth rate of Medical Tourism in India The annual growth rate of Medical Tourism in India 2007 – 20% per year2007 – 20% per year 20112011 – – 35% per year35% per year
Kerala - 8000 patients annually. Kerala - 8000 patients annually. Cardiac, Ortho & Ayurveda treatmentCardiac, Ortho & Ayurveda treatment
99
“ “India’s Tourist Industry could yield from $ 1.2 India’s Tourist Industry could yield from $ 1.2 billion presently to $ 2.2 billion annually by 2013 .billion presently to $ 2.2 billion annually by 2013 .
The growth rate of Medical Tourism Industry @ The growth rate of Medical Tourism Industry @ 12% in 2002 will go to @ 30% annually by 2013 .12% in 2002 will go to @ 30% annually by 2013 .
Medical Tourism revenue can potentially rise Medical Tourism revenue can potentially rise from Rs. 5000 crores to Rs.10,000 crores per from Rs. 5000 crores to Rs.10,000 crores per year. year.
1010
$ 17 billion Indian Healthcare Industry contributes $ 17 billion Indian Healthcare Industry contributes about 4% -5% of GDP. It is expected to grow @ 13% about 4% -5% of GDP. It is expected to grow @ 13% annually in next 5 yrs.annually in next 5 yrs.
Health care spending in India will increase from Rs. Health care spending in India will increase from Rs. 86,000 crores in 2000-2001 to over Rs. 205,000 86,000 crores in 2000-2001 to over Rs. 205,000 crores by 2013.crores by 2013.
Private Health care share will form the largest of this Private Health care share will form the largest of this @ Rs.156,000 crores and growth will be driven by @ Rs.156,000 crores and growth will be driven by rising life style diseases.rising life style diseases.
1111
Advantage IndiaAdvantage IndiaUnique medical value services to foreign Unique medical value services to foreign
patients that supersedes the competition :patients that supersedes the competition :Yoga Meditation /SpiritualismMeditation /Spiritualism Ayurveda healingAyurveda healing
““India offers a unique basket of services to an India offers a unique basket of services to an individual that is difficult to match by other individual that is difficult to match by other countries” (CII)countries” (CII)
Less regulatory & legal problemsLess regulatory & legal problems
1212
Planning Commission ReportPlanning Commission Report - -
Govt will provide ‘M’ Visa to Medical Tourists on
priority. Most patients visit from SAARC + US &UKMost patients visit from SAARC + US &UK Lowest cost -Lowest cost -o Heart Bypass Surgery -Heart Bypass Surgery - IndiaIndia ThailandThailand Singapore US / UK Singapore US / UK $ 6000$ 6000 $ 7894 $ 23,983 $19,700 $ 7894 $ 23,983 $19,700
o Heart Valve Replacement SurgeryHeart Valve Replacement Surgery $ 8000$ 8000 $ 10,000 $ 12500 US $ 20000 $ 10,000 $ 12500 US $ 20000 UK & 90,000UK & 90,000
1313
Micro Economics Micro Economics - - Comparative Cost AnalysisMetal Free Dental BridgeMetal Free Dental Bridge India – USIndia – US $ 500 $ 500 $ 5500$ 5500
Bone Marrow TransplantBone Marrow Transplant IndiaIndia US US UKUK $ 30,000 $ 250,000- $40,000 $ 150,000$ 250,000- $40,000 $ 150,000
Cosmetic SurgeryCosmetic Surgery India ThailandIndia Thailand US Singapore US Singapore $ 2000 $ 35,00 $ 10,000$ 35,00 $ 10,000 - -
Spinal FusionSpinal Fusion $ 5500 $ 7000 $ 7000 $ 62,000 $ 62,000 $ 9000$ 9000
1414
Establishment of “Indian Medical Tourism Establishment of “Indian Medical Tourism Corporation” : Corporation” :
- International Branches- International Branches
- Liaison cell with all Indian & Foreign - Liaison cell with all Indian & Foreign Missions Missions
- Brochures giving details & pictures of- Brochures giving details & pictures of Indian Corporate Hospitals, Indian Corporate Hospitals,
specialties, specialties, Consultant’s detail, Consultant’s detail, procedure rates , procedure rates ,
SOME WAY TO +
1515
Special attractive treatment, travel & Special attractive treatment, travel & tourism packages at competitive rates 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
1616
Training Needs -for exponential economic Training Needs -for exponential economic growth & sustainable Indian Medical Tourism growth & sustainable Indian Medical Tourism
Institutional Training – University coursesInstitutional Training – University courses
Training modules in soft skills – MT staffTraining modules in soft skills – MT staff
Modular Short Training Courses for Specialists/ Modular Short Training Courses for Specialists/ Hospital Executives in Customer Care Hospital Executives in Customer Care Management - International PatientsManagement - International Patients
Training of Spa/Wellness Institution staffTraining of Spa/Wellness Institution staff
1717
To India
UK, USA, Canada, Middle East, South East Asia Medical Tourists
1818
Magazine ,newspaper and televisionMagazine ,newspaper and television
MCI website.MCI website.
Health ministry INDIAHealth ministry INDIA
EconomicTimesEconomicTimes
REFERENCES