"Growth of Health and Medical tourism in India- A Future Perspective
Healthcare, like food and shelter, has become a basic
need of Humanity. India is developing into a good location to receive medical treatments and growing to be
a leader in medical tourism. At an estimated growth of
30% each year, studies conducted by various government
and private sector agencies in India estimate that medical tourism could be worth $2 to $2.5 billion US by
2020. Among all the factors contributing to the growth
of medical tourism in India, foremost is the cost factor.
The medical costs in India are one-tenth of the costs in
western countries Encouraged by the incredible pace of
growth exhibited by the industry, the Confederation of
Indian Industry (CII) and McKinsey have predicted that
the industry will grow to earn additional revenue of $3.2
billion by 2020.