In spite of its image as the land of poor and overpopulated cities, India has developed a reputation for its high-quality medical and healthcare services. All over the world, patients requiring treatment are flocking to India for very affordable but excellent health services.
In its early stages, medical tourism in India is indeed flourishing and the industry is likely to expand with the continuously increasing costs of medical and other basic living expenses in America and other western countries.
The boom in the medical tourism industry has made a significant contribution to the emergence of India as one of the fastest-growing economies in the world. India’s medical tourism market is anticipated to grow with an impressive CAGR in the forecast period, FY2023-FY2027
Healthcare Tourism as an Export Service
The government of India, along with private sector groups, estimates that the business of accommodating tourists and providing top-quality medical treatments will be bringing in revenue. According to various reports, India’s medical tourism sector is estimated to be worth $5–6 billion USD in upcoming years.
This is why the Indian government has classified the medical treatment of foreign patients as an export service, allowing all businesses relating to medical tourism in India fiscal incentives that are not normally available in other industries.
The result of this is the yearly 30% growth rate of the industry in India and 30,000 doctors and nurses joining the workforce every year. It is expanding so quickly that it has also moved into the new niche of medical outsourcing, where Indian providers are contracted by Western health facilities to provide certain medical services.
India has a lot of doctors who specialize in various fields of medicine. There are many specialty hospitals in the fields of Ophthalmology, Psychiatry, Urology, Neurosurgery, and general medicine to name a few.
There are public as well as private sector hospitals that offer specialty treatment. India’s variety of treatments makes it one of the most favorable destinations for medical tourism.
Medical Procedures in India
The private and voluntary health sector in India provides the majority of all health care services in the country. It is through the private sector that India has witnessed the rapid increase in health infrastructure and the development of facilities for medical tourism.
From its modest beginnings, medical tourism in India has grown to be the hottest spot for international healthcare in the entire world.
Today, Indian medical tourism facilities provide procedures such as bone marrow transplants, brain surgery, cardiac procedures, cosmetic surgery, kidney transplant, drug rehabilitation, gynecology and obstetrics, neurosurgery, and other treatments.
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The technological advancements in the medical arena are incorporated almost immediately into treatments and are used to achieve breakthroughs in medical history. Also, these technological advancements serve as a role model to other countries.
Contrary to what many people think, the cost of medical procedures in India is not cheap. In fact, the ordinary Indian can hardly afford any of these procedures at most private facilities in India.
The dollar’s value is much higher than the Indian rupee, allowing it to go a long way while you are in India. Also, much of the health expenses in the US are spent on insurance, labor costs, and administrative expenses.
The Indian government does not require malpractice insurance for medical treatments and the labor costs are relatively lower than that in western countries. This makes it the top choice for top-quality, cost-effective health services.
Complex treatments like Liver transplant surgery or Kidney transplant surgery in India etc cost much less in India as compared to other medically advanced countries like the USA, UK, Spain.
Benefits of Seeking Medical Treatment in India through Facilitator
- Medical tourism facilitators in India are registered by the government and are credible and reliable when it comes to health treatment.
- They have teamed up with some of the best hospitals in India for health treatment with the latest technology, skilled doctors, dedicated staff, and hi-tech facilities.
- A medical tourism facilitator may help fetch the best treatment package available from the city and hospital of your choice.
- They supply you with sufficient package choices to choose from.
- Best medical tourism companies take end-to-end care of the needs of the medical tourist from their arrival to departure.