High quality treatments at low costs driving the medical tourism market in India
Mumbai, India – August 11, 2011 – Netscribes (India) Pvt. Ltd., a knowledge consulting solutions company, announces the launch of its report – Medical Tourism Market – India. The Indian medical tourism market is growing steadily owing to the reputation of healthcare facilities in the country being of qualities comparable to developed countries and available at costs that are several times lower than the latter. Currently, the market is witnessing heavy inflow of international patients and this is expected to increase in coming years. Increase in the inflow of foreign patients is resulting from the fact that people from developed countries are shedding the once popular notion of developing countries being providers of poor healthcare services, and accepting the idea of getting high quality treatment at low costs from such countries. Due to the ever increasing target population, the market offers huge prospects for current and potential players to grow and lucratively serve the market.
The report provides a snapshot of the medical tourism market. It begins with an introduction section which mentions the countries actively involved in medical tourism and from which countries India is threatened. It also mentions the treatments in the Indian medical sector that are most sought after by international patients. The market overview section provides an insight into the market and highlights the market size and growth. It also mentions the current and expected number of foreign patients coming to India for treatment. Also, an insight into the most common treatments provided to foreign patients has been provided.
An analysis of the drivers explains the factors leading to the growth of the market. These include high quality treatments at low costs, establishment of Indian Medical Travel Association, and increasing demand for fertility treatments, alternative medicine, aesthetic pleasure and convenience to patients. The main challenges to the market are no provisions for follow up care, unsuitable environment and problems associated with travelling, lack of international accreditations and strong competition from other Asian countries. The government initiatives section describes some of the steps taken by the government to develop the market which include medical visas, fiscal incentives and promotional activities.
The competition section highlights the features of the major medical tour facilitating companies, both domestic and international, operating in the market and the major Indian hospitals providing medical care to international patients.
About Netscribes (India) Pvt. Ltd.
Netscribes (www.netscribes.com) is a pioneering knowledge consulting and solutions firm with clientele across the globe. The company’s expertise spans areas of investment & business research, business & corporate intelligence, publishing services and customized knowledge database creation. At its core lies a true value proposition that draws upon a vast knowledge base.
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