Medical Tourism: An Opportunity for Businesses
India offers a wide range of treatments and procedures including cosmetic surgery, dental care, cardiac care, and orthopedic surgery. The cost of these treatments is much lower than in other countries like US and UK due to the availability of cheaper labor and materials. Medical tourists can save up to 50% on their treatment costs by choosing India
So what exactly is medical tourism?
Medical tourism is the practice of traveling to a country other than one’s own for medical care. It is a relatively recent phenomenon, but it has seen an increase in popularity over the past decade.
India has emerged as a popular destination for medical tourists from all over the world. India offers world-class facilities and treatment at a fraction of the cost charged by Western hospitals.
The Indian healthcare sector is growing at an exponential rate and there are many opportunities for new businesses to enter this lucrative market and cater to this growing demand.
Medical tourists can save up to 50% on their medical expenses by coming to India instead of staying in their home country or elsewhere abroad.
Some countries like China and Russia are also starting to see an increase in medical tourism due to their growing economies. In 2015, China had more than 1 million medical tourists with about 400 thousand coming from Russia. But, Medical Tourism has been on the rise in India because of its cheap cost, proximity to other countries, availability of superior facilities, and excellent doctors.