NewswireToday - /newswire/ -
Delhi, New Delhi, India, 2007/11/27 - Cost advantage with no compromise on the quality of service makes India a preferred destination for medical treatment, and hence, the Indian medical tourism industry needs no intensive care to grow.
RNCOS, the leading market research consulting services company, has recently published its comprehensive report “Indian Tourism Industry Forecast (2007-2011)” to present a rational analysis of the Indian tourism industry. According to the report, the tourist arrival in India is expected to grow at a CAGR of over 22% for the period 2007-2011.
The report considers the Indian medical tourism industry an important part of the Indian tourism industry and holds immense growth potential. The medical tourism sector had experienced a phenomenal growth in the flow of medical tourists - from 10,000 patients in 2000 to stupendous 180,000 by 2005.
The report identifies that India stands as one of the most preferred destinations for medical tourism combined with attractive vacation packages. It assures the visitors not only a chance to get properly cured but also to enjoy vacation at their favorite destination.
A Senior Research Analyst at RNCOS says that the phenomenal success of the Indian medical tourism industry is because of declining financial state of national health services in several western countries and the need to treat the uninsured patients. These factors will force the insurance companies to look at Indian hospitals, thereby creating huge prospects for the Indian medical tourism industry. As many western countries (that depend on insurance) have fragile health services, the Indian corporate hospitals can leverage from the opportunity by making a concerted effort to attract more foreign patients.
The research says that the Indian medical tourism not only provides cost benefit and better quality treatment to the patients coming to India, but also acts as a source of foreign exchange for the country.
The rising status of India as a preferred business destination, 2010 Commonwealth Games, and strong efforts by the Tourism Ministry of India will give a significant boost to the Indian tourism industry while opening plethora of opportunities for related industries like hospitality and aviation.
“Indian Tourism Industry Forecast (2007-2011)” provides keen insight into the Indian tourism industry by prudently analyzing various aspects such as tourist arrivals, tourism expenditure, and length of stay by the domestic and international tourists and its influence on related industries.
The market research report also covers key issues like industry analysis, and driving forces of this industry, to present a rational future outlook of the Indian tourism industry.
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.