India to Emerge As The Largest Destination For Medical Tourism

India to Emerge As The Largest Destination For Medical Tourism Medical Tourism: Indian Prime Minister Narendra Modi addressed at the recently concluded Global Investment in Ayush Summit on India’s potential to become a medical tourism powerhouse for the world, allowing millions of lives to be saved and treated each year. He envisioned Heal in India as one of the decade’s most successful brands because of all the macro factors that favor significant investments in the Indian Medical Tourism industry. All of the macro components were in his favor. Therefore he could afford to do so. How Medical Tourism Started Off in India In the beginning of the previous decade, as more private hospitals in India began transferring patients to hospitals in neighboring countries to serve their patients better, the medical tourism industry in India started to gain traction. Pioneers like Dr. Reddy of Apollo and Narayana Healthcare’s Dr. Shetty led by example in offering treatment to Nepali patients after expanding their operations nationwide. Next came Fortis and Medanta before Dr. Rela took hold of the Middle East and Africa with its forays into the Commonwealth of Independent States (CIS). An

organization called Medical Travel Facilitators was formed to augment the efforts of the various institutions. To promote Indian healthcare, these medical travel facilitators publicize these facilities and build offices in various regions. What Is the State of Medical Tourism in India Today? Approximately two million individuals from these regions go to India each year for medical treatment, resulting in an annual foreign currency receipt of $4 billion for India. Contrarily, things seem to be improving for the foreseeable future. To become the world’s premier medical tourism destination, India is a Front Runner Much money has been spent to bring Indian hospitals up to global standards for technology and human expertise. Efforts have been made to welcome international patients. 80 to 85% of patients stay in guesthouses near hospitals, with the worst experiences and highest infection risk. The hospitality sector should establish medical-guest-specific hotels near hospitals. 80-90% of international medical tourists visiting India hire a Medical Travel Facilitator. Offering Indian healthcare in over 70 countries via offices, internet marketing, and regular events requires a lot of cash. Standardize the subset of service providers ASAP. The insurance industry also has massive potential for growth. Indian insurers should actively seek the potential of offering health insurance coverage from India to customers in other nations. This can potentially bring in $9 billion in additional premium income and new patients to India. Another idea for cross-border telemedicine India has already established itself as the contact center for the rest of the world because of its better skill level and cheaper operational expenses. In the future, it might serve as a worldwide center for telehealth, allowing it to treat patients inside and outside the country. The government’s leadership is guaranteed to make India the world’s leading medical tourism destination. Millions of lives would be saved, jobs would be created, and over $13 billion in foreign currency would be generated as a consequence. Referenced By: https://www.mufameditourism.com/india-to-emerge-as-the- largest-destination-for-medical-tourism/