Research and Markets, a leading market research agency has revealed their report titled Medical tourism in India. The study has discussed various aspects of medical tourism in India and their dynamics, trends and different forms of medical treatments in the country. The report also covers the cost differences between India and other countries in medical treatment, addressing the client needs.
The report includes that outsourcing is prevalent in this industry. Medical treatment plays another major role. Entry of private healthcare companies and emphasis on quality treatment has overhauled the state of medical industry in India. Additionally, implementation of basic infrastructure and adaptation to technological sophistication has further improved the healthcare services. Indian pharmaceuticals also meet the stringent requirements of the USFDA. As a result, India is suddenly looked upon as the medical tourism hub of the world. Large numbers of foreign tourists, especially from countries like the US and Europe prefer to undergo medical treatment in India rather than their home country.
The report on the medical tourism in India was prepared on the basis of few methods like Information Sources, Analysis Method.
More than India, the report includes the Worldwide Tourism Industry, Asia Tourism and a detailed picture of the Indian Medical Tourism Industry. It covers areas like dynamics of the Industry, the trends over a period of time, the different forms of medical treatment in India and the challenges and opportunities the industry is facing. The report also covers the benefits of cost difference which the country can offer to lure tourists.
On the competitive landscape, the report lays out the major tour operators & hospitals that function within the Indian industry and the strategies these companies are following to capture the major chunk of the market share. This will be followed by the regulations of the Indian government and its implications on the industry.
Medical tourism in a simple term is the practice of a patient outsourcing healthcare services to a foreign country. Medical tourism/travel is becoming more popular in some countries as bare necessity is preceding the overall benefits derived out of it. In some regions of the world, medical travel becomes a necessity as state-of-the-art medical facilities are difficult to access, if they exist at all.
The cost of surgery in India, Thailand or South Africa can be one-tenth of what it is in the US or Western Europe, and sometimes even less. For example, a heart-valve replacement that would cost $200,000 or more in the US would cost $10,000 in India including round-trip airfare and a brief vacation package. Similarly, a metal-free dental bridge worth $5,500 in the U.S. costs $500 in India, and Lasik eye surgery worth $3,700 in the U.S. is available in many other countries for only $730.