This report covers the Indian Medical tourism market. India with advanced medical services paired with exotic natural bounties has become a heaven for medical tourists. The Medical Tourism Industry in India is all set to be the next big success story after software in India.
According to the prediction of the Confederation of Indian Industry (CII) and McKinsey, the industry will grow to earn additional revenue of $2.3 billion by 2012. Medical Tourism in India can contribute Rs. 50 to 100 bn additional revenue for up market tertiary hospitals by 2012, and will account for 3-5 percent of the total healthcare delivery market, says the Confederation of Indian Industry (CII)-McKinsey study on healthcare.
The Indian medical tourism industry, growing at an annual rate of 30 percent, caters to patients chiefly from the US, Europe, West Asia and Africa. Although in its nascent stage, the industry is outsmarting similar industries of other countries such as Greece, South Africa, Jordan, Malaysia, Philippines and Singapore.
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