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Noida, Uttar Pradesh, India, 2010/10/21 - The medical tourism market in India is expected to grow at a CAGR of around 31% during 2010-2013, says RNCOS in its research report.
According to our research report “Indian Healthcare - New Avenues for Growth”, medical tourism is expected to create a huge opportunity for the country’s private hospitals, with a large number of patients from all over the world expected to visit India to receive first world healthcare facilities at third world prices. Besides low cost, other factors have been identified in our report that are boosting medical tourism in India. The future of India’s medical tourism industry seems extremely bright. However, to sustain its growth, the country will have to take a number of steps. Growth of medical tourism will spur the growth of many associated industries. It is expected that the medical tourism market will grow at a CAGR of around 31% during 2010-2013.
The Indian healthcare industry has witnessed a robust double-digit growth rate in the past few years. Our study shows that the potentials of the Indian healthcare industry are immense and it is expected to rise exponentially, owing to increasing per capita healthcare spending and deliberate investments made by private players in this sector. Growth of the healthcare market will be mainly driven by factors such as, changing demographics profile, epidemiological transitions, and increasing health insurance penetration. Our report discusses about all such key drivers that are stimulating growth in the healthcare market.
It is believed that pharma outsourcing, health insurance, and medical tourism are anticipated to be the three fastest growing segments in the Indian healthcare market, with all the segments growing at an impressive growth rate during 2010-2013. In fact, every healthcare segment defined in this report is expected to grow at double-digit growth rate during 2010-2013.
We have found that the increased prevalence of lifestyle and chronic diseases will create a huge demand in various emerging segments of the industry. It has been evaluated that the increase in participation of private sector will lead to more investments, leading to a further boost in the sector’s revenue in future. Our research report has discussed all the healthcare indicators and provides future forecast on healthcare market, its emerging sectors, and drugs market.
RNCOS (rncos.com) specializes in Industry intelligence and creative solutions for contemporary business segments. Our professionals study and analyze the industry and its various components, with comprehensive study of the changing market behavior. Our accuracy and data precision proves beneficial in terms of pricing and time management that assist the consultants in meeting their objectives in a cost-effective and timely manner.