Written by Tushar Imarc ยป Updated on: August 21st, 2024
India Medical Tourism Market Overview
Base Year: 2023
Historical Years: 2018-2023
Forecast Years: 2024-2032
Market Growth Rate: 13.40% (2024-2032)
According to the latest report by IMARC Group, the India medical tourism market size is projected to exhibit a growth rate (CAGR) of 13.40% during 2024-2032. The market thrives on affordable, quality healthcare services, attracting global patients for advanced treatments.ย
India Medical Tourism Market Trends and Drivers:
India's medical tourism market is growing due to its high-quality, cost-effective healthcare services. The country offers advanced medical treatments and procedures at a fraction of the cost compared to Western nations, attracting global patients. The presence of highly skilled, internationally trained medical professionals and state-of-the-art hospitals enhances India's appeal as a medical tourism destination. Additionally, shorter waiting times for procedures compared to many Western healthcare systems make India a preferred choice for timely medical interventions. Government policies, including medical visa facilitation and investment in healthcare infrastructure, have also significantly promoted medical tourism.
Emerging trends in India's medical tourism market include the fusion of holistic and wellness treatments with traditional medical care. Additionally, there is a growing interest in alternative therapies such as Ayurveda, yoga, and naturopathy, attracting health tourists seeking comprehensive wellness packages. Many medical tourists are combining their treatments with wellness retreats, enhancing their overall health and recovery experience. The rise of telemedicine services is also significant, enabling international patients to consult with Indian specialists remotely before deciding to travel for treatment. Moreover, the market is seeing increased collaboration between healthcare providers and the tourism industry, offering tailored packages that include medical care, accommodation, and leisure activities, which is expected to drive the growth of India's medical tourism sector in the coming years.
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India Medical Tourism Market Segmentation:
The report has segmented the market into the following categories:
Breakup by Treatment Type:
โข Cosmetic Treatment
โข Dental Treatment
โข Cardiovascular Treatment
โข Orthopaedic Treatment
โข Bariatric Surgery
โข Fertility Treatment
โข Ophthalmic Treatment
โข Others
Breakup by Region:
โข North India
โข West and Central India
โข South India
โข East and Northeast India
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players.
Ask Analyst for Customization and Explore full report with TOC & List of Figures: https://www.imarcgroup.com/request?type=report&id=21312&flag=C
Key Highlights of the Report:
โข Market Performance (2018-2023)
โข Market Outlook (2024-2032)
โข Market Trends
โข Market Drivers and Success Factors
โข Impact of COVID-19
โข Value Chain Analysis
โข 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 leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARCโs information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the companyโs expertise.
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