India - Cost-effectiveness Attracting Medical Tourists in Large Numbers

Released on: October 22, 2008, 2:01 am

Press Release Author: Shushmul Maheshwari

Industry: Industrial

Press Release Summary: Medical tourist arrivals in India are projected to increase
tremendously between 2008 and 2012 due to low cost treatment and long waiting
periods in developed countries.

Press Release Body: We have recently released a new research report on the booming
Indian medical tourism industry, "Booming Medical Tourism in India", which says that
the medical tourist arrivals in India are expected to surge enormously at a CAGR of
over 100% till 2012 from 2007. Moreover, the industry is likely to witness the
maximum growth in the year 2010, when India will host the Commonwealth Games.

As per the report, a large number of foreign patients are flocking to India for
treatment as they get world-class healthcare facilities at low cost. Expenditure on
treatments in the country is substantially low, ranging from one-half to one-tenth
of that charged in the US and other developed countries. Treatment cost is even
lower in some complex and high cost procedures like transplants.

Therefore, patients, especially those who are uninsured, are giving preference to
the surgical procedures in India as they can save a significant amount of money.
Apart from patients, insurance companies and employers are also seeing Indian
hospital as a viable option to reduce their surging healthcare cost.

Other key factors, identified by our research report, fostering growth in the
medical tourist industry are presence of world-class healthcare facilities and zero
waiting time - two most of the vital factors for medical industry. According to
estimates, the UK has nearly 850,000 patients in waiting list, while the waiting
period for elective surgery in overstretched government health plans in the US and
Canada is upto two years. In contrast, the patient need not to wait so long in India
for treatment and doctors are also easily accessible. Thus, instead of waiting for
months to undergo surgery in their native countries, foreign patients can undergo
treatment in India.

"Booming Medical Tourism in India" comprehensively discusses the medical tourism
market in India and gives information on the past, present and future scenario of
the market. The research is not confined to market performance only; it also
evaluates the factors making India as favorite destination for treatment among
foreign patients. The report also provides statistical data and analysis on the
market size, tourist arrivals, infrastructure, accreditations, drivers and

About RNCOS:

RNCOS, incorporated in the year 2002, is an industry research firm. It has a team of
industry experts who analyze data collected from credible sources. They provide
industry insights and analysis that helps corporations to take timely and accurate
business decision in today's globally competitive environment.

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