India Medical Tourism Market is expected to generate US$ 35.12 Billion from international medical tourist arrivals in 2027 as per the report. India also has a long and illustrious medical history dating back to the Vedic era. One of the oldest medical systems, Ayurveda, dates back to 8000 BCE. Since independence, India's advancement in modern medicine has accelerated; it has built a unique environment for holistic health that incorporates the finest of contemporary healthcare, alternative medicine, and wellness. As a result, India is considered one of the best locations for Medical Tourism due to the synergy of this unique holistic health and wellness ecosystem and its various possibilities.India Medical Tourism Market is expected to generate US$ 35.12 Billion by 2027
India Medical Tourism Market is expected to expand at a CAGR of 35.68% from 2021-2027
The primary goal of Indian medical infrastructure is to market India as a high-quality healthcare destination for people worldwide, allowing them to make use of the country's healthcare knowledge and facilities. Furthermore, India offers international-standard medical and health services relatively reasonably. Ayurveda Centres are becoming a standard feature in most hotels and resorts. The majority of foreign visitors now come to India only for Ayurveda treatments. Ayurveda has been included in top tour operators' brochures promoting health tourism worldwide.Key Advantages of India for Medical Tourism Market are as follows
- The world-class doctors and hospitals.
- The cost of the treatment is a fraction of the price in the source markets.
- There is no waiting period for various medical processes.
- Increasing popularity of India as a medical tourist destination in the African, Middle East & Asian countries.
- Eastern Healthcare Wisdom along with the expertise of Western Medicine.
By Country, India Medical Tourism - Market and Arrivals
The southern states of India, particularly Kerala, have developed Health Tourism as one of the products for promoting tourism in Kerala. Health tourism has also been announced as one of the state's differentiators. Our report found that India receives medical tourists from critical countries such as Bangladesh, Iraq, Maldives, Afghanistan, Oman, Yemen, Sudan, Kenya, and Nigeria. Furthermore, we believe that India has a significant opportunity to recognize and aggressively pursue medical tourists from other world regions, including Europe and the Americas.India Medical Tourism Market during the COVID and post-COVID world
Over the years, the global population, which desperately needs adequate health and wellness solutions, has made medical tourism in India a priority sector with sizable revenue prospects. The COVID-19 pandemic suspended the market's escalating popularity and growing demand for medical tourism. Demand for healthy living, preventive medicine, nutrition, and immunity-building visits are expected to rise in the coming years. As a result, healthcare and wellness services are likely to increase in the post-COVID world as more people seek out avenues of quality medical care and holistic health. As per our analysis, India's Medical Tourism Market was US$ 5.63 Billion in 2021.The publisher's latest report “India Medical Tourism Market, Forecast, Number of Patients By country (Canada, United States, United Kingdom, Eastern Europe, Kenya, Mauritius, Nigeria, Sudan, Tanzania, Iraq, Saudi Arabia, Yemen, Bangladesh, Maldives, Nepal, Sri Lanka, Myanmar, Australasia & Others)” provides a detailed analysis of India Medical Tourism Market Industry.
Country - Market & Patient Number has been covered for these 10 countries
1. Canada2. United States
3. United Kingdom
4. Eastern Europe
5. Kenya
6. Mauritius
7. Nigeria
8. Sudan
9. Tanzania
10. Iraq
11. Saudi Arabia
12. Yemen
13. Bangladesh
14. Maldives
15. Nepal
16. Sri Lanka
17. Myanmar
18. Australasia
19. Others
Table of Contents
1. Introduction2. Research & Methodology3. Executive Summary
Methodology
In this report, for analyzing the future trends for the studied market during the forecast period, the publisher has incorporated rigorous statistical and econometric methods, further scrutinized by secondary, primary sources and by in-house experts, supported through their extensive data intelligence repository. The market is studied holistically from both demand and supply-side perspectives. This is carried out to analyze both end-user and producer behavior patterns, in the review period, which affects price, demand and consumption trends. As the study demands to analyze the long-term nature of the market, the identification of factors influencing the market is based on the fundamentality of the study market.
Through secondary and primary researches, which largely include interviews with industry participants, reliable statistics, and regional intelligence, are identified and are transformed to quantitative data through data extraction, and further applied for inferential purposes. The publisher's in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. These analytical tools and models sanitize the data & statistics and enhance the accuracy of their recommendations and advice.
Primary Research
The primary purpose of this phase is to extract qualitative information regarding the market from the key industry leaders. The primary research efforts include reaching out to participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions. The publisher also established professional corporate relations with various companies that allow us greater flexibility for reaching out to industry participants and commentators for interviews and discussions, fulfilling the following functions:
- Validates and improves the data quality and strengthens research proceeds
- Further develop the analyst team’s market understanding and expertise
- Supplies authentic information about market size, share, growth, and forecast
The researcher's primary research interview and discussion panels are typically composed of the most experienced industry members. These participants include, however, are not limited to:
- Chief executives and VPs of leading corporations specific to the industry
- Product and sales managers or country heads; channel partners and top level distributors; banking, investment, and valuation experts
- Key opinion leaders (KOLs)
Secondary Research
The publisher refers to a broad array of industry sources for their secondary research, which typically includes, however, is not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Patent and regulatory databases for understanding of technical & legal developments
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic new articles, webcasts, and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecasts
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 90 |
| Published | September 2022 |
| Forecast Period | 2021 - 2027 |
| Estimated Market Value ( USD | $ 5.63 Billion |
| Forecasted Market Value ( USD | $ 35.12 Billion |
| Compound Annual Growth Rate | 35.6% |
| Regions Covered | India |
