Why Medical tourism in India?

India has become Medical Tourism capital of the modern world. Medical Tourism is expected to generate a revenue of US $ 350 million by 2013 in India. WTM (World Travel Market) ,12th Nov.,2009 Highly skilled medical fraternity, low treatment costs, cutting edge technological advancements & rich cultural heritage have made India the most sought after Medical Tourism destination. Medical Tourism in India is expected to grow at an annual growth rate of 37% from 2009-2012. . CII (Confederation of Indian Industries), Dec.,2009 The reasons for India to become the hub of Medical Tourism are as follows:

I World-class treatment & highly advanced healthcare infrastructure

Booming software industry in India has facilitated technological revolution in healthcare.
In fact, after software, healthcare industry is the next big thing in India & contributes majorly to Indias fast growing economy. Strong academic & research base & a booming healthcare industry in India contributes towards a world class medical force ( Physicians, Surgeons, nurses). Indias medical force boasts of a high intellectual resource pooled in by highly skilled & qualified professionals. 10% Doctors in USA are Indians. Fast growing economy has led to privatization & corporatization in the field of healthcare, thereby leading to the setting up of world class hospitals that provide highly advanced treatment facilities through high end technology & world class doctors. Low operating costs, high resources & highly qualified English-speaking manpower have made India the hub for Research & Development as well as clinical trials, thereby contributing majorly to the healthcare infrastructure. Due to the reasons cited above, India also has a strong Pharmaceutical base comprising of Indian & foreign companies that further strengthen the healthcare industry by bringing cutting edge technology & latest discoveries in India simultaneously with the western world.

II Substantially low treatment costs

Comparative Cost Analysis Chart- Medical Tourism in India vs Abroad (cost in US $)
PROCEDURE Heart Bypass Heart valve replacement with bypass Hip Replacement Knee Replacement Face Lift Lap. Gastric Bypass 57,000 53,000 16,000 52,000 7,020 9,200 4,800 9,300 12,700 11,500 5,000 13,000 1,200 9,600 7,500 16,500 7,500 12,000 6,400 12,700 10,600 11,800 6,600 9,300 13,900 14,900 11,300 11,000 11,400 46,000 10,700 40,200 4,900 n/a n/a n/a USA 133,000 140,000 INDIA THAILAND SINGAPORE MALAYSIA 7,000 9,500 22,000 25,000 16,300 22,000 12,000 13,400 SOUTH KOREA 31,700 42,000 27,000 30,000 MEXICO COSTA UAE RICA 24,100 40,900 30,000 50,600

The above chart is only an approximate price comparison & in no way the exact cost of treatment Treatment in USA/UK=Treatment in India +Tourism+ Savings -Waiting Time India offers state-of-the-art and cutting edge technology & highly advanced treatments at substantially low cost due to scales of economy, lesser operational costs and high currency conversion rate as compared to West. India offers speciality & super-speciality treatments at 5-10 times less cost as compared to US & UK, despite providing world class quality of treatment. India offers highly advanced medical treatments not available in Middle East, Africa & SAARC countries (Afganistan, Nepal, Bangladesh) at cost effective prices. India offers affordable insurance costs & cashless benefits.

III Most sought after tourist destination

India ranks amongst top 10 tourist destinations of the world due to its exotic & breath-taking locales &
rich cultural heritage. India is a 5000yr old civilization.

Fluent English speaking skills of Indian population & medical force make it a global destination.

 India offers best mix of Western & Eastern health care systems. Besides Allopathic treatment, India
offers various traditional treatment options like Ayurveda In India, Ayurveda tourism earned 600,000 last year . India is the capital of the modern world for spa & massage wellness programs. & Homeopathy.