The growth of medical tourism in India has seen significant progress in recent years, thanks to several interesting and friendly policies undertaken by the Government.
Experts are estimating a $9 billion market for healthcare tourism by the end of 2020, encompassing almost 20% of the global market and overtaking several developed western countries. Several factors played a key role in turning India as one of the giants in the medical tourism market in recent years. The nation boasts one of the largest English speaking demographics, allowing for minimum communication gap between treatment seekers and healthcare facilities. India also has a substantial number of recognised healthcare facilities, sporting cutting-edge equipment that can accurately diagnose and assist in treating several ailments. Expenses also play a crucial role in the growth of medical tourism in India. The Indian healthcare industry offers service at a comparable charge, without compromising on the overall quality. Thanks to a relaxed exchange rate and relatively low cost of everyday items, patients can save up to 90% on the overall cost of treatment if they opt to visit India. Doctors can provide services without facing financial losses thanks to the availability of credits like a loan for doctors offered by various financial institutions. All these have provided a welcome change of pace to patients, especially for individuals hailing from developing countries, who need imminent medical attention.
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AuthorAman Khanna is an experienced financial advisor who is well known for his ability to foretell the market trends as well as for his financial astuteness. He has an MBA in finance from Toronto University as well as years of experience delivering seminars on sound financial practices and debt management. |