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Medical Tourism - A Milestone in Indian Tourism
Medical Tourism - A Milestone in Indian Tourism
Milestone in
Indian Tourism
MEDICAL TOURISM
Methodology
This study is only based on secondary data, which are all collected
form various books and journals etc;
India has positioned itself as a medical tourism destination recently, and it touted
as the best destination among world countries for medical tourism. India received
100,000 overseas patients in 2002 as against 10,000 in 2000.
With this rapid growth India finds a Good place in the global medical tourism
market. According to the study by McKinsey and Confederation of Indian Industry
(CII) medical tourism in India could become a $2 billion Business by 2012.
The size of the Indian healthcare industry is around Rs 110,000 crore, Accounting
for nearly 5.2 per cent of the GDP. It is likely to reach 6.2 per cent to 6.5 per cent
of the GDP by 2012. It has a tremendous impact on Indias forex reserve.
According to research by the University of Delavare Publication, the cost of
surgery in Bolivia, Argentina, India, Thailand, the Philippines, can be one-tenth of
what it is in US or Europe.
The government and private hospital groups are committed to the goal of making
India a world leader in this industry. Its appeal is low-cost treatment. Most
patients from countries like USA, and UK travel to India for treatment because
India offers the cheapest pricing options of treatment, offers a good holiday, no
waiting lists or queues to stand in.
FAMOUS PLAYER
All India Institute of Medical Sciences (AIIMS), New Delhi.
Apollo Hospitals.
B M Birla Heart Research Centre.
Christian Medical College, Vellore.
Tata Memorial Hospital.
Indraprastha Medical Foundation.
Institute of Cardiovascular Diseases.
Escorts Hear Institute & Research Centre.
Dr Agarval Eye Hospital
Manipal Heart Foundation.
Breach Candy Hospital.
Miot Hospital.
U.S.($)
U.K($)
Thailand($)
Singapore($)
India($)
Heart bypass
130,000
100,000
11,000
18,500
10,000
Heartvalve
160,000
43,000
10,000
12,500
9,000
Angioplasty
57,000
63,000
13,000
13,000
11,000
Hip
43,000
48,000
12,000
12,000
9,000
Hysterectomy
20,000
6000
4,500
6,000
3,000
Knee
40,000
52,000
10,000
13,000
8,500
62,000
61,000
7,000
9,000
5,500
replacement
replacement
replacement
Spinal fusion
Procedure
U.S.($)
Thailand($)
Singapore($)
India($)
Face-lift
20000
4800
6250
3100
Breast
10000
3150
8000
2200
Augmentation
Breast Reduction
10000
3900
8000
3000
Eyelid Surgery
7000
1400
3750
2200
Liposuction
10000
2100
5000
2500
Nose Surgery
7300
3850
4400
1800
Tummy Tuck
8500
4050
6250
3400
Procedure
Open
U.S.($)
Heart
India($)
100000
43000
7500
(CABG)
Total Knee Replacement
48000
52000
6300
Hip Resurfacing
55000
48000
7000
LA Hysterectomy
22000
24000
4000
Lap Cholcystectomy
18000
20000
3000
Spinal
60000
65000
5500
65000
70000
Fusion
Obesity
Surgery
U.K($)
Decompression
Surgery
(Gastric
Bypass)
9400
CONCLUSION
Tourism and healthcare, being an integral part of much economic, service
industry, are important sources of Forex. India is unique as it offers
holistic healthcare approach through yoga, meditation, ayurveda and
other different approaches to cure the disease. India offers vast
services combined with culture, which is rare to be found in other
countries, and also paves the way to maintain cordial relationship with
other countries. To conclude, the USP of Indian medical tourism
industry is cost effectiveness. The slogan will suit this situation. First
class service at an economy cost. Moreover, with the coordination
among the stakeholders, public and private there is no doubt that we
can position India in a best place in global medical tourism market
REFERENCES
Shaywitz, D.A., & Ausiello, D.A. (2002). Global Health: A Chance for Western Physicians to
Give - and Receive. The American Journal of Medicine, 113, 354-357.
Bezruchka, S. (2000). Medical Tourism as Medical Harm to the Third World: Why? For
Whom? Wilderness and Environmental Medicine, 11, 77-78.
Gahlinger, PM. The Medical Tourism Travel Guide: Your Complete Reference to TopQuality, Low-Cost Dental, Cosmetic, Medical Care & Surgery Overseas. Sunrise River
Press, 2008
Roberts, M. (2006). Duffle Bag Medicine. Journal of the American Medical Association,
295, 1491-1492.
Pinto, A.D., & Upshur, R.E.G. (2009). Global Health Ethics for Students.
Developing World Bioethics, 9, 1-10.
James, D. (1999). Going Global. The New Physician, 48, online. Accessed 7 May 2009.
Laurie Goering, "For big surgery, Delhi is dealing," The Chicago Tribune, March 28, 2008
Lagace, Martha "The Rise of Medical Tourism", Harvard Business School Working
Knowledge, December 17, 2007. Retrieved July 1, 2008.
"Just what the hospital ordered: Global accreditations", by Zeenat Nazir, Indian Express,
Sept 18, 2006. Retrieved September 29, 2006.
"Indian medical care goes global", Aljazeera.Net, June 18, 2006 Nov 11, 2006