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Why India
Why India
The countries where medical tourism is
being actively promoted include Greece, South Africa, Jordan, India,
Malaysia, Philippines and Singapore. India is a recent entrant into medical
tourism. According to a study by McKinsey and the Confederation of Indian
Industry, medical tourism in India could become a $1 billion business by
2012. The report predicts that: "By 2012, if medical tourism were to
reach 25 per cent of revenues of private up-market players, up to
2,297,794,117 USD will be added to the revenues of these players". The
Indian government predicts that India's $17-billion-a-year health-care
industry could grow 13 per cent in each of the next six years, boosted by
medical tourism, which industry watchers say is growing at 30 per cent
annually.
Price advantage is a major selling point. The slogan, thus is, "First
World treatment' at Third World prices". The cost differential across
the board is huge: only a tenth and sometimes even a sixteenth of the cost
in the West. Open-heart surgery could cost up to $70,000 in Britain and up
to $150,000 in the US; in India's best hospitals it could cost between
$3,000 and $10,000. Knee surgery (on both knees) costs 350,000 rupees
($7,700) in India; in Britain this costs £10,000 ($16,950), more than
twice as much. Dental, eye and cosmetic surgeries in Western countries cost
three to four times as much as in India.
India have a lot of hospitals offering world class treatments in nearly
every medical sector such as cardiology and cardiothoracic surgery, joint
replacement, orthopaedic surgery, gastroenterology, ophthalmology,
transplants and urology to name a few. The various specialties covered are
Neurology, Neurosurgery, Oncology, Ophthalmology, Rheumatology,
Endocrinology, ENT, Paediatrics, Paediatric Surgery, Paediatric Neurology,
Urology, Nephrology, Dermatology, Dentistry, Plastic Surgery, Gynaecology,
Pulmonology, Psychiatry, General Medicine & General Surgery
For long promoted for its cultural and scenic beauty, India is now being
put up on international map as a heaven for those seeking quality and
affordable healthcare. Analysts say that as many as 150,000 medical tourists
came to India in 2004. As Indian corporate hospitals are on par, if not
better than the best hospitals in Thailand, Singapore, etc there is scope
for improvement, and the country is becoming a preferred medical
destination. In addition to the increasingly top class medical care, a big
draw for foreign patients is also the very minimal or hardly any waitlist as
is common in European or American hospitals.
Leisure Tourism is already very much in demand in India as the country
offers diverse cultural and scenic beauty. India has almost all sort of
destinations like high mountains, vast deserts, scenic beaches, historical
monuments, religious temples etc. Known for its hospitality for tourists,
the county has opened doors to welcome with the same hospitality f medical
patients/ service seekers.