News: Indian health tourism market worth $350 m
(SNS 06/04/2006) New Delhi - The PHDCCI secretary general, Mr Bibek Debroy, has said the Indian healthcare industry is very bullish with a potential to make India a perfect health tourism destination on the world map.
PHDCCI estimates that the medical tourism market in India is worth $350 million with about 1,00,000 foreign patients visiting India every year. The estimates also show that medical tourism alone can earn more than $10 billion as additional revenues by 2010. India has the potential and the capacity to attract more than two million tourists per annum, which could contribute up to $8 billion to the Indian economy.
Thailand has been able to attract more than one million medical tourists due to world class infrastructure facilities. India should be able to replicate the Thailand example by focusing on development of good quality medical as well as tourism infrastructure. The first issue is the cost advantage. The cost of quality medical treatment in India is 1/5th of the cost of similar treatment in the USA. For instance, a heart surgery in the USA costs $30,000, while it costs $6,000 in India. Similarly, a liver transplant costs $5,00,000 in USA, while in India it costs only $40,000.
India also offers holistic medicinal services. With yoga, meditation, ayurveda, allopathic and herbal treatments.
PHDCCI estimates that the medical tourism market in India is worth $350 million with about 1,00,000 foreign patients visiting India every year. The estimates also show that medical tourism alone can earn more than $10 billion as additional revenues by 2010. India has the potential and the capacity to attract more than two million tourists per annum, which could contribute up to $8 billion to the Indian economy.
Thailand has been able to attract more than one million medical tourists due to world class infrastructure facilities. India should be able to replicate the Thailand example by focusing on development of good quality medical as well as tourism infrastructure. The first issue is the cost advantage. The cost of quality medical treatment in India is 1/5th of the cost of similar treatment in the USA. For instance, a heart surgery in the USA costs $30,000, while it costs $6,000 in India. Similarly, a liver transplant costs $5,00,000 in USA, while in India it costs only $40,000.
India also offers holistic medicinal services. With yoga, meditation, ayurveda, allopathic and herbal treatments.
posted by InCar Group Press Room at 19:18
0 Comments:
Post a Comment
<< Home