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Medical tourism to earn $1.87 Bn a year by 2012
By
IANS
New Delhi: India is set to earn Rs.80 billion ($1.87 billion) a year in foreign exchange from medical tourism by 2012, according to a study by the Associated Chambers of Commerce and Industry of India (Assocham).
With easy visa facilities to overseas patients coupled with best emerging medical infrastructure facilities, India's medical tourism can become a lead foreign exchange earner and the earnings will grow from the existing Rs.35 billion annually to Rs.80 billion a year by 2012, Assocham president Venugopal N. Dhoot said.
The study on Prospects of Medical Tourism for Higher Forex Earning was done under the supervision of the health committee of Assocham, headed by Sir Ganga Ram Hospital chairman B.K. Rao.
"The primary reasons as to why medical tourism would flourish in India include much lower medical treatment costs for various ailments, such as bone narrow transparent, bye-pass surgery, knee surgery and liver transplant as compared to western countries," Dhoot said in a statement Monday.
"The cost of medical treatment is very high in the western countries, forcing patients from Africa, the Gulf and various other Asian countries to explore medical treatment in India," he said.
He noted that the medical infrastructure in the country has geared up to provide them non-subsidized medical treatment at far lower costs.
Other factors boosting medical tourism include India's strength in traditional treatment in homeopathy, naturopathy, ayurvedic and unani systems which are becoming very popular because they do not have side effects, said Dhoot.
He called for more allocation for the health sector which would lead to proliferation of new health facilities and centres of medical excellence, which in turn will finally be able to service overseas patients.
With easy visa facilities to overseas patients coupled with best emerging medical infrastructure facilities, India's medical tourism can become a lead foreign exchange earner and the earnings will grow from the existing Rs.35 billion annually to Rs.80 billion a year by 2012, Assocham president Venugopal N. Dhoot said.
The study on Prospects of Medical Tourism for Higher Forex Earning was done under the supervision of the health committee of Assocham, headed by Sir Ganga Ram Hospital chairman B.K. Rao.
"The primary reasons as to why medical tourism would flourish in India include much lower medical treatment costs for various ailments, such as bone narrow transparent, bye-pass surgery, knee surgery and liver transplant as compared to western countries," Dhoot said in a statement Monday.
"The cost of medical treatment is very high in the western countries, forcing patients from Africa, the Gulf and various other Asian countries to explore medical treatment in India," he said.
He noted that the medical infrastructure in the country has geared up to provide them non-subsidized medical treatment at far lower costs.
Other factors boosting medical tourism include India's strength in traditional treatment in homeopathy, naturopathy, ayurvedic and unani systems which are becoming very popular because they do not have side effects, said Dhoot.
He called for more allocation for the health sector which would lead to proliferation of new health facilities and centres of medical excellence, which in turn will finally be able to service overseas patients.
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The recent trends clearly showstrends clearly show that Medical Tourism is
growing significantly. It is a win-win situation for the medical tourist as well
as for the country by the huge revenue it is generating for the country. India
is the preferred destination for various reasons including the highly
sophisticated hospitals that provide top notch services with world class
professionals.
According to the information provided at the following web site
http://www.issuesinmedicalethics.org/161ed04.html
tThe cost of an open heart surgery in the US is around $70,000 and in Britain it
would cost around $150,000. Wwhere as the cost of having the same surgery done
at one of the best hospitals in India would cost a fraction of the amount. It is
estimated that the cost would range some where in between $ 3,000 and $ 10,000.
The benefits of choosing India is not limited to the cost effectiveness but also
availing the immediate service and travel opportunities without compromising on
the quality of the health care services.
These days there are reputed mMedical travel agencies that will take care of all
the mundane and minute details of a trip including those pertaining to the
flights, hotels, transportation, need for a special nurse and therapeutic diet.
This makes Mmedical travel not only the best but also the easiest and most
convenient option.
Please avail the information at the following site www.bestmedjourneys.com
M.Maheswari.RN
www.bestmedjourneys.com
growing significantly. It is a win-win situation for the medical tourist as well
as for the country by the huge revenue it is generating for the country. India
is the preferred destination for various reasons including the highly
sophisticated hospitals that provide top notch services with world class
professionals.
According to the information provided at the following web site
http://www.issuesinmedicalethics.org/161ed04.html
tThe cost of an open heart surgery in the US is around $70,000 and in Britain it
would cost around $150,000. Wwhere as the cost of having the same surgery done
at one of the best hospitals in India would cost a fraction of the amount. It is
estimated that the cost would range some where in between $ 3,000 and $ 10,000.
The benefits of choosing India is not limited to the cost effectiveness but also
availing the immediate service and travel opportunities without compromising on
the quality of the health care services.
These days there are reputed mMedical travel agencies that will take care of all
the mundane and minute details of a trip including those pertaining to the
flights, hotels, transportation, need for a special nurse and therapeutic diet.
This makes Mmedical travel not only the best but also the easiest and most
convenient option.
Please avail the information at the following site www.bestmedjourneys.com
M.Maheswari.RN
www.bestmedjourneys.com
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