Booming Medical Tourism in India

• Publication date: February 2012

In the recent years, government support, low cost, improved healthcare infrastructure, and rich cultural heritage, have taken the Indian medical tourism to new heights. India has emerged as one of the world’s most cost-efficient medical tourism destinations, and thus, attained a position among the global leaders. Based on our analysis and facts and figures provided in our latest research report, we anticipate that the Indian medical tourism mar...

In the recent years, government support, low cost, improved healthcare infrastructure, and rich cultural heritage, have taken the Indian medical tourism to new heights. India has emerged as one of the world’s most cost-efficient medical tourism destinations, and thus, attained a position among the global leaders. Based on our analysis and facts and figures provided in our latest research report, we anticipate that the Indian medical tourism market will register a CAGR of 27% during 2011-15.

According to “Booming Medical Tourism in India”, the heart surgery centers in the country offer treatment at a significantly lesser prices compared to North America and Europe. Superior quality of dental care and ayurvedic spa treatments are also attracting patients across the globe. We studied each market segment in detail in the report, and included its cost effectiveness compared to other countries. Though India’s reputation is not good on hygiene front, its state-of-the-art medical facilities and value for money offered attracts thousands of patients each year. In this way, the country holds enormous potential for growth in medical tourism in future.

Extensive research and analysis also revealed that quality-driven wellness centers, cord blood banking, and medical tourism facilitators are among the key trends driving the medical tourism market. It has been observed that wellness tourism, alternate meditation, and the advantage of being the least competitive pricing have been the USP of the Indian medical tourism. Cardiac and orthopedic procedures constitute the majority share of the market. In order to obtain an in-depth knowledge, we also carried out primary research for cost comparisons of different medical procedures.

We strolled into various government initiatives that provided a positive impact on the medical tourism market in India. The adoption of the Public Private Partnership (PPP) Model by the Indian Government at both central and state levels to improve healthcare infrastructure in the country through expertise of private sector and better support of public sector provided the extra thrust to medical tourism. We also observed that the regulatory structure in connection to the medical tourism industry has been quite liberal and supportive in the country so far.

Taking into consideration all the positive insights from our analysis, we are hopeful that the analysis of our current market performance and future outlook of the Indian medical tourism industry along with the forecasts presented in the report will facilitate our clients towards devising the rightful strategies and make sound investment decisions.

Medical Facility Industry in India

1. Analyst View
2. Research Methodology
3. Indian Medical Tourism Industry - An Overview
4. Key Market Trends and Developments
4.1 Booming Healthcare Infrastructure
4.2 Quality-Driven Wellness Centers
4.3 PPP Model in Demand
4.4 Strong Support on State Level
4.5 Possible Synergies of Cord Blood Banking
4.6 Tourism Facilitators Strengthening the Industry
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. Cost Analysis
7. Accreditation
8. Government Initiatives
9. Competitive Landscape and Recent Developments
9.1 Apollo Hospitals Enterprise Ltd.
9.2 Wockhardt Ltd.
9.3 Max India Ltd.
9.4 Fortis Healthcare Ltd.

List of Figures:

Figure 3-1: Global - Medical Tourism Market (Billion US$), 2010 & 2015
Figure 3-2: Share in Global Medical Tourism Market (2010)
Figure 3-3: Forecast for Share in Global Medical Tourism Market (2015)
Figure 3-4: Medical Tourist Arrivals (‘000), 2011-2015
Figure 3-5: Medical Tourism Market (Million US$), 2011-2015
Figure 3-6: Medical Tourism Market by Treatment Procedure (%), 2011
Figure 4-1: Healthcare Infrastructure Density (per ‘000 Population), 2009 & 2025
Figure 5-1: Global - Most Preferred Spa Destinations (%)
Figure 5-2: Main Reasons for Visiting Spas (%)
Figure 5-3: Favorite Treatments taken by Spa Consumers (%)
Figure 9-1: Wockhardt Ltd. - Sales Distribution by Region (%), 2010-11

List of Tables:

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 6-1: Healthcare Infrastructure
Table 6-2: US & UK - Approximate Waiting Period with Nature of Treatment (Months)
Table 9-1: Apollo Hospitals Enterprise Ltd. - Key Financials (Million US$), 2009-10 & 2010-11
Table 9-2: Apollo Hospitals Enterprise Ltd. - Strengths & Weaknesses
Table 9-3: Wockhardt Ltd. - Key Financials (Million US$), 2009-10 & 2010-11
Table 9-4: Wockhardt Ltd. - Strengths & Weaknesses
Table 9-5: Max India Ltd. - Key Financials (Million US$), 2009-10 & 2010-11
Table 9-6: Max India Ltd. - Strengths & Weaknesses
Table 9-7: Fortis Healthcare Ltd. - Key Financials (Million US$), 2009-10 & 2010-11
Table 9-8: Fortis Healthcare Ltd. - Strengths & Weaknesses