India Medical Tourism Market Overview

Base Year: 2023

Historical Years: 2018-2023

Forecast Years: 2024-2032

Market Growth Rate: 13.40% (2024-2032)

The India medical tourism market is growing due to affordable healthcare services, skilled professionals, and advanced medical infrastructure. According to the latest report by IMARC Group, the market is projected to grow at a CAGR of 13.40% from 2024 to 2032.

India Medical Tourism Market Trends and Drivers:

The accessibility of high-quality healthcare services at comparatively lower costs is one of the factors responsible for the growth of the India medical tourism market. Additionally, the reputation of the country for advanced medical procedures including cardiac surgery, orthopedics, organ transplants, cosmetic surgery, etc., is drawing international patients to seek affordable treatment without compromising on quality, which is fueling the market.

The highly skilled doctors and healthcare professionals, many of whom are internationally trained, contribute to the growing appeal as a medical tourism hub. Moreover, the initiatives by government authorities, such as e-medical visas and simplified travel regulations, make it easier for foreign patients to access healthcare services, further boosting the growth of the market.

Key trends in the India medical tourism market include the increasing demand for alternative treatments such as Ayurveda, yoga, and other traditional wellness therapies, which are unique to India and attract wellness tourists globally. In addition to this, the rise of healthcare accreditation in Indian hospitals, with many facilities receiving international certifications, ensures that they meet global standards of care.

The development of specialized medical tourism packages by hospitals, which include travel, accommodation, and post-treatment care, is another growing trend aimed at enhancing the overall patient experience. Advances in telemedicine are also allowing international patients to consult Indian doctors remotely before traveling, making healthcare more accessible. Furthermore, the continued expansion of private healthcare facilities and the reputation for cost-effective treatment in the country are anticipated to drive the India medical tourism market in the coming years.

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India Medical Tourism Market Industry Segmentation:

The report has segmented the market into the following categories:

Breakup by Treatment Type:

  • Cosmetic Treatment
  • Dental Treatment
  • Cardiovascular Treatment
  • Orthopaedic Treatment
  • Bariatric Surgery
  • Fertility Treatment
  • Ophthalmic Treatment
  • Others

Breakup by Regional:

  • North India
  • West and Central India
  • South India
  • East and Northeast India

Competitive Landscape:

The report offers an in-depth examination of the competitive landscape. It includes a thorough competitive analysis encompassing market structure, key player positioning, leading strategies for success, a competitive dashboard, and a company evaluation quadrant.

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Key highlights of the Report:

  • Market Performance (2018-2023)
  • Market Outlook (2024-2032)
  • COVID-19 Impact on the Market
  • Porter’s Five Forces Analysis
  • Strategic Recommendations
  • Historical, Current and Future Market Trends
  • Market Drivers and Success Factors
  • SWOT Analysis
  • Structure of the Market
  • Value Chain Analysis
  • Comprehensive Mapping of the Competitive Landscape

 

Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

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IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.

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