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Booming Medical Tourism in India

  • June 2013
  • -
  • RNCOS
  • -
  • 55 pages

India is perceived as one of the fastest growing medical tourism destination. In the recent years, government support, low cost, improved healthcare infrastructure, and its rich cultural heritage, have taken the Indian medical tourism to the new heights. Overall, its emergence as one of the world’s most cost-efficient medical tourism destination has helped India to attain a position among the global leaders.

Our research on Indian medical tourism is an outcome of extensive primary and secondary research, and a thorough analysis of its industry trends. According to the report, India has managed to match-up with the quality of healthcare services that are being provided in the developed countries. The qualified medical staff, adoption of advance technology and improving healthcare infrastructure has made India an attractive destination for the patients all over the world. Based on the analysis provided in our latest research report “Booming Medical Tourism in India”, we anticipate that the Indian medical tourism industry will register a CAGR of more than 20% during 2013-2015.

The advantage of cost competitiveness further contributes to the factors responsible for making India a preferred destination for medical tourists. Thus, we studied each market segment in detail in the report, and included its cost-comparison with other countries.

Extensive research and analysis also revealed that many private information agencies in India are offering attractive packages to the medical tourists. They offer customized travel and treatment itineraries to the international patients, which include personalized treatment packages depending on individual needs and assistance throughout the stay.

It has also been observed that alternative traditional medicine like ayurveda, pranic healing, aromatherapy, music therapy, meditation and yoga are becoming popular among the medical tourists. Many tourists come to India to seek the divine peace and healing power provided by these alternative medical therapies. This provides India an extra advantage over the other countries.

Further, we have covered various government initiatives that provided a positive impact on the medical tourism market in India. We have also included the prominent industry players such as Apollo Hospitals, Wockhardt Ltd., Max India Ltd., and Fortis Healthcare to provide a balanced research outlook of the industry. The section covers their business overview, key financials and industry activities.

Overall, the report taking into consideration all the aspects of the Indian medical tourism industry, is designed to facilitate our clients towards devising the rightful strategies, and make sound investment decisions.

Table Of Contents

Booming Medical Tourism in India
1. Analyst View
2. Research Methodology
3. Indian Medical Tourism Industry till 2015
3.1 Medical Tourist Arrival
3.2 Medical Tourism Market
4. Key Market Trends
4.1 Provision of Attractive Packages to Lure Medical Tourists
4.2 Alternative Medical Therapies Gaining Popularity
4.3 Robust Technological Development Attracting Medical Tourists
4.4 Increasing Government Support
5. Market Segmentation
5.1 Cardiac Procedure
5.2 Orthopedic Procedure
5.3 Neurological and Spinal Surgery
5.4 Cosmetic Surgery
5.5 Dental Treatment
5.6 Wellness Tourism
5.6.1 Alternative Medication
5.6.2 Spa
6. Accreditation
7. Government Initiatives
8. Competitive Landscape
8.1 Apollo Hospitals Enterprise Ltd.
8.1.1 Business Overview
8.1.2 Key Financials
8.1.3 Industry Activities
8.2 Wockhardt Ltd.
8.2.1 Business Overview
8.2.2 Key Financials
8.2.3 Industry Activities
8.3 Max India Ltd.
8.3.1 Business Overview
8.3.2 Key Financials
8.3.3 Industry Activities
8.4 Fortis Healthcare Ltd.
8.4.1 Business Overview
8.4.2 Key Financials
8.4.3 Industry Activities

List of Figures:

Figure 3-1: Medical Tourist Arrivals (‘000), 2011-2015
Figure 3-2: Medical Tourism Market (Billion US$), 2011-2015
Figure 5-1: Asia - Most Preferred Spa Destinations (%)
Figure 5-2: Asia - Main Reasons for Visiting Spas (%)
Figure 5-3: Asia - Favorite Treatments taken by Spa Consumers (%)

List of Tables:

Table 3-1: Top Asian Medical Tourism Market by Revenue (Million US$), 2012
Table 4-1: Key Wellness Centers
Table 5-1: Cost of Cardiac Procedures in Comparison to Other Countries (US$)
Table 5-2: Cost of Orthopedic Procedures in Comparison to Other Countries (US$)
Table 5-3: Cost of Neurological and Spinal Surgical Procedures in Comparison to Others (US$)
Table 5-4: Cost of Parkinson's Procedures in Comparison to Others (US$)
Table 5-5: Cost of Cosmetic Procedures in Comparison to Other Countries (US$)
Table 5-6: Cost of Dental Treatments in Comparison to US (US$)
Table 5-7: Ayurveda Statistics
Table 5-8: Siddha Statistics
Table 5-9: Yoga Statistics
Table 5-10: Naturopathy Statistics
Table 5-11: Unani Statistics
Table 5-12: Homoeopathy Statistics
Table 8-1: Apollo Hospitals Enterprise Ltd. - Strengths and Weaknesses
Table 8-2: Apollo Hospitals Enterprise Ltd. - Key Financials (Million INR), 2010-11 and 2011-12
Table 8-3: Wockhardt Ltd. - Strengths and Weaknesses
Table 8-4: Wockhardt Ltd. - Key Financials (Crore INR), 2010-11 and 2011-12
Table 8-5: Max India Ltd. - Strengths and Weaknesses
Table 8-6: Max India Ltd. - Key Financials (Lakh INR), 2010-11 and 2011-12
Table 8-7: Fortis Healthcare Ltd. - Strengths and Weaknesses
Table 8-8: Fortis Healthcare Ltd. - Key Financials (Million INR), 2010-11 and 2011-12

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