Submitted by:

Rishi Kumar Vyas.

Medical tourism or health tourism is the travel of people toanother country for the purpose of obtaining medical treatment inthat country.

Medical tourism is a growing sector in India. India’s medicaltourism sector is expected to experience an annual growth rate of30%, 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 anestimated 150 international patients every day. Chennai attractsabout 45 percent of health tourists from abroad arriving in thecountry and 30 to 40 percent of domestic health tourists.

Generating Income and Employment

Source of Foreign Exchange Earnings

Promoting Peace and Stability

Developing Infrastructure

Rising incomes and education

Lead to innovation in healthcare solution

Lead to tourist attraction

Also political advantages

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.

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.

There is little follow-up care

Medical insurance

weak malpractice laws

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

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.

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%.