India’s medical tourism market likely to reach $8 billion by 2020

To tout the country’s image as a preferred healthcare & wellness destination, India participated in a big way at this year’s International Medical Travel Exhibition and Conference (IMTEC) at the Dubai International Convention and Exhibition Centre (DICEC). According to some recent Medical industry reports India’s medical tourism market is expected to grow to USD 8 billion in the next four years. Industry analysts have pointed out that drivers for this growth includes India’s position as being the second largest country with the most number of accredited facilities (after Thailand) offering high quality healthcare with immediate service. Another driver seen is cost as India is known for offering quality medical treatments at affordable costs. The number of international visitors travelling to India for medical treatment has increased in recent years with the rise of private hospitals that offer world-class medical infrastructure and the capabilities for complex operations & procedures. Globally, the medical value travel is projected to increase to USD 32.5 billion over the next five years.

Services Export Promotion Council (SEPC), set up by the Department of Commerce under India’s Ministry of Commerce, participated on behalf of the Government of India at the event showcasing the theme, ‘India Heals’ and promoting India as an ideal healthcare and wellness destination.  They further explained the features of the new India Healthcare Tourism Portal (www.indianhealthcaretourism.com) which was launched jointly by the Ministry of Commerce & Industry, Govt. of India and the Services Export Promotion Council (SEPC). The portal is a comprehensive one-point information site and covers hospital-related and travel-related information on India. The medical facilities listed on the portal can be searched by location, medical specialty, key procedures, language options available in hospitals and their certifications. The key medical and wellness procedures done by these institutions are highlighted. Associated details such as costs relating to treatment in hospitals in India, travel and visa formalities, last-mile connectivity, tariff options on stay, benefits of treatment in India, advance information on preparatory aspects in seeking medical care etc. are also available on the portal.