Why is India becoming the No. 1 country for Medical tourism? Why is India the first choice of medical tourism in South Asia?
Medical Tourism
In recent years, there has been a noticeable increase in the need for better healthcare. Additionally, the desire for medical tourism has been fueled by patients being obliged to travel overseas for treatment due to the rising expense of healthcare in the U.S. and many European nations.
Policymakers, researchers, and the media are all taking notice of the rise in medical tourism. The phrase originally refers to patients traveling to developed countries from less developed ones in search of therapies not offered in their native country.
The rapid and effective service with a budget-friendly treatment is attracting people globally for medical treatment in India.
Medical Tourism Trends in India
India’s healthcare industry has advanced significantly over the past 30 years, as seen by the notable accomplishments it has made. One of the industries that has contributed the most to revenue and is expanding quickly is healthcare. Both public and private providers support the healthcare industry.
Modern medical technology and highly skilled medical personnel are available in India. The World Health Organization (WHO) and the US Food and Drug Administration (US FDA) support medical facilities and services.
In comparison to the US and the UK, India offers less-priced treatment alternatives without sacrificing the standard of healthcare. About one-fourth less is spent on therapy in India than it is in the United States.
(Source: https://www.ncbi.nlm.nih.gov/pmc/articles/PMC3469025/ )
In 2022, the Indian medical market is expected to be worth US$ 7,417 million, and by 2032, it is anticipated to reach US$ 42,237,47 million. The analysis predicts that between 2022 and 2032, demand will expand at a healthy 19% CAGR.
(Source: https://rb.gy/ebqn8l )
The Ministry of Tourism presented Tourism Statistics, 2022, which shows the footfall of medical tourists in India from different countries.
(All figures in percentage)
(Source: https://tourism.gov.in/market-research-and-statistics)
Why India is a Great Medical Tourism Destination?
Globally, India has always been the first choice when it comes to effective and efficient treatment. There are 5 major indicators that justify India being best for medical tourism :
Cultural Assimilation:
India is a diverse nation that has assimilated many different people and cultures from around the world. India’s religious beliefs, language, and culture share many characteristics with South Asian and Central Asian nations.
As a universal language of communication, English enables patients from all over the world to feel at ease in India.
Learned Medicos:
More than 1 lakh medical students with super specialization pass out every year. The rigorous course and curriculum in India make them well-versed in their stream. Therefore, the global population relies on the knowledge and best line of treatment that they can get in India.
Cost Effective:
The main factor influencing India’s ability to offer clinics and hospitals at cheaper costs is the country’s economic situation. One can detect a direct association between income levels and the nation’s per capita gross domestic output. As a result, surgery costs in India are 30% to 70% less than they are in the US.
Sophisticated Tools:
When it comes to developing innovative medical technologies and equipment, India is a global leader. The nation has skilled technology scholars, and together with medical academics, there is always a more advanced and better diagnosis and treatment tool available.
India has always given the world a better alternative tool/ technique compared to Western countries or America.
(Source: https://www.ibef.org/blogs/india-emerging-as-a-medical-tourism-hub)
Diverse Treatments:
Elective cosmetic surgery, dental work, organ transplantation, cardiac surgery, and orthopedic surgery are the most popular types of procedures that patients undergo when traveling for medical treatment.
However, a wide range of services, including numerous necessary therapies as well as various forms of conventional and alternative treatments, can be acquired through medical tourism.
Medical Tourism: Wrap Up
India is an emerging industry for medical treatment in India. The stats above clearly show how popular is Indian subcontinent is for medical treatment services.
There is still much confusion among foreign nationals about how to choose the right treatment, and where to look for the best option. To curb that and provide an efficient solution to all, Edhcare has come up as an emerging firm as the best medical tourism company in India.