Reasons why Medical Tourism in India is booming
There is no doubt that the global medical tourism market is huge. In fact, as per one of the latest studies in the field, it was valued at a whopping USD 15.5 Billion in the year 2017 and is expected to generate revenue of a close to USD 28 Billion by the year 2024. Over the years of 2018 to 2024 it is being estimated o grow at a CAGR of 8.8%. What is also very encouraging economies like India is the fact that the emerging economies with medical expertise and facilities with tourism resources are pushing for medical tourism. Out of them, India has become a top country, which has become very popular in terms of medical tourism.
Let us see some facts that have caused the growing popularity of Medical Tourism in India
Affordable Costs of Medical Treatment in India
It is to be noted that the modern health care industry basically revolves around accessibility along with affordability. It is seen that the cost of health care services in advanced nations like the US is very high. Medical Procedures like bypass surgeries or transplants are very expensive. Not many can afford such high medical costs. This is why they look for other more affordable options and with the affordable costs of treatment which India offers, it is one of the most sought-after nations in terms of Medical Tourism.
Accessibility of availing Medical Treatment in India is easier
As already mentioned earlier easy access to the best medical facilities is another critical factor.When it comes to India getting access is much easier compared to other nations. It is to be noted that Medical Visa to India is processed within 72 hours. Apart from this, you could avail the best Medical Tourism in India for best medical treatment. Besides several online platforms have been set up for potential medical tourists to India and availing these services is very simple and easy.
Medical Tourism Board set up
You must also note that in order to bring about or better accountability and efficacy of the medical tourism sector, a National Medical and Wellness Tourism Board has been constituted in India. The main role of the board is mainly to provide a dedicated institutional framework for medical tourism in India. It would also promote other forms of Indian medicine and wellness practices like Ayurveda, Yoga, and Homeopathy among others.