Medical Tourism is currently the fastest growing segment in the healthcare industry, with number of patients growing 15% annually!
Quality medical treatment at low cost, coupled with great traveling experience is possibly the perfect way to recover from any medical ailment. Medical treatment is a costly affair in developed nations that has made patients from these countries think twice before undergoing any medical treatment in their own country.
Medical Tourism in India: As Indian corporate hospitals are on par, if not better than the best hospitals in south east asia, there is scope for improvement, and the country may become a preferred medical destination. Due to extremely competitive prices, patients not only from developing countries but even from a number of developed ones come to India for specialised treatment.
More health tourists to India: With internationally recognised healthcare professionals, holistic medicinal services and low cost of treatment, India can attract over one million health tourists every year, according to industry body CII.
Investments in Medical Tourism Industry: The focus is on delivering projects which improve the health infrastructure of the region in accordance with priorities identified by health communities, government, public, the health professionals and investors.
According to a joint study by McKinsey and CII, the Indian healthcare delivery market lags behind other developing nations with only 1.3 hospital beds per 1000 as against the WHO norm of 1 bed per 300.
With a conservative 2 beds per 1000 patients level, Delhi requires an additional 8000 beds at current population levels. Even at current population levels, cities like Gurgaon needs an additional 1000 beds, which would increase to 4000 beds at a population of 20 lacs. Considering these factors there is a higher and consistent ROI in healthcare project investments.
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