Medical Tourism Market – India
Market Statistics
Base Year: 2023
Historical Years: 2018-2023
Forecast Years: 2024-2032
Market Growth Rate: 13.40% (2024-2032)
India’s medical tourism market thrives on affordable, quality healthcare services, attracting global patients for advanced treatments. According to the latest report by IMARC Group, the market is projected to exhibit a growth rate (CAGR) of 13.40% during 2024-2032.
India Medical Tourism Market Trends and Drivers:
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Rapid Expansion: India’s medical tourism market is growing swiftly, fueled by the availability of high-quality, affordable healthcare services.
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Advanced Medical Treatments: The country offers advanced medical procedures at significantly lower costs than those in Western nations, attracting patients globally.
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Highly Skilled Professionals: India’s appeal as a medical tourism destination is bolstered by its highly skilled, internationally trained medical professionals and state-of-the-art hospitals.
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Shorter Waiting Times: Patients benefit from shorter waiting periods for procedures compared to many Western healthcare systems, making India an attractive option for timely medical care.
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Government Initiatives: Streamlined medical visa processes and increased investment in healthcare infrastructure by the government have significantly contributed to the growth of medical tourism.
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Emerging Trends:
- Fusion of Holistic and Traditional Medical Care: There is a growing trend of combining holistic and wellness treatments with traditional medical care.
- Interest in Alternative Therapies: Alternative therapies such as Ayurveda, yoga, and naturopathy are attracting health tourists seeking comprehensive wellness packages.
- Wellness Retreats: Many medical tourists are combining their treatments with wellness retreats, enhancing their overall health and recovery experience.
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Telemedicine Services: The rise of telemedicine is enabling international patients to consult with Indian specialists remotely before deciding to travel for treatment.
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Healthcare and Tourism Collaboration: Increased collaboration between healthcare providers and the tourism industry is leading to tailored packages that include medical care, accommodation, and leisure activities, driving further growth in India’s medical tourism sector.
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India Medical Tourism Industry Segmentation:
The report has segmented the market into the following categories:
Breakup by Treatment Type:
- Cosmetic Treatment
- Dental Treatment
- Cardiovascular Treatment
- Orthopaedic Treatment
- Bariatric Surgery
- Fertility Treatment
- Ophthalmic Treatment
- Others
Breakup by Region:
- North India
- West and Central India
- South India
- East and Northeast India
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players.
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Key Highlights of the Report:
• Market Performance (2018-2023)
• Market Outlook (2024-2032)
• Market Trends
• Market Drivers and Success Factors
• Impact of COVID-19
• Value Chain Analysis
• Comprehensive mapping of the competitive landscape
Note: If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
About Us:
IMARC Group is a global management consulting firm that helps the world’s most ambitious changemakers to create a lasting impact. The company provide a comprehensive suite of market entry and expansion services. IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.
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