In its recent study of “Opportunities in Medical Tourism in India (2007)”, RNCOS has found that the growing medical tourism in India will emerge as among the key sources bringing foreign exchange to the country. India offers inexpensive treatments for various medical procedures and this is the most significant reason why India is emerging as a key player in this sector.
Promotion of medical tourism, by the combined efforts of hospitality industry, state govt., travel specialists/agents, and local folks, can help spur the growth of tourism industry in India. Medical tourism’s promotion in Indian remained one of the most important issues discussed at the international seminar “Maharashtra Vision II” that MEDC (Maharashtra Economic Development Council) had organized on May 3, 2007.
‘‘Medical tourism is one of the most lucrative industry as it is anticipated to attract tourists from world over especially the UK, South Africa, Canada and Malaysia, and is expected to grow into a $1.5 billion industry by 2010,’’ Raja Rani Health Alliance’s Abhijeet Patil said, as reported by THE FINANCIAL EXPRESS on May 4, 2007.
To promote medical tourism in India, the country’s tourism office “Incredible India” has convinced the govt. to launch a medical tourist visa. Since, this will allow people to visit and stay in India for one year, which can then be extended to three provided the purpose of the trip involves an operation or any other medical procedure.
‘‘With increasing number of medical tourists coming to India, tour operators have immense opportunities to grab their own share of financial profits by way of fee-based agreements with the hospitals,” Patil added.
RNCOS report “Opportunities in Medical Tourism in India (2007)” notifies, “India is swiftly emerging as amongst the key players in medical tourism in both Asia and the world. Improving healthcare infrastructure, growing corporate hospitals such as Wockhardt, Apollo, Escort, expert healthcare professionals, low-cost treatments, nil waiting time, and Ayurvedic treatment are a few of the various other reasons that lure overseas patients to India.”
Key issues and facts analyzed in this report include: emerging trends in the Medical Tourism Industry in India, key regulations and policy environment in the industry, future scenario of the Medical Tourism Industry in India, opportunities and challenges that exist for the Medical Tourism Industry, and so on.
About RNCOS E-Services Pvt Ltd.
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.