As care turns costlier in developed countries, India's medical business enterprise market is predicted to over double in size from USD three billion at the moment to around USD eight billion by 2020, a report says.
According to a CII - Grant William Thornton written report, value may be a major driver for nearly eighty per cent of medical tourists across the world. The cost-consciousness issue and convenience of authorised facilities have LED to emergence of many international medical business enterprise corridors - Singapore, Thailand, India, Malaysia, Taiwan, United Mexican States and Republic of Costa Rica.
"Amongst these corridors of health, Bharat has the second largest range of authorised facilities (after Thailand). The Indian Medical business enterprise market is predicted to grow from its current size of USD three billion to USD 7-8 billion by 2020," Grant William Thornton India's National Managing Partner Vishesh C Chandiok same.
Bangladesh and Asian nation dominate the Indian Medical price Travel (MVT) with thirty four per cent share.
Africa, GCC and CIS regions (whose current share is simply thirty per cent) gift the utmost doable chance for the Indian care sector. Medical tourists from these sectors presently favour the South East Asian medical corridors.
Chennai, Mumbai, AP and NCR square measure the foremost favoured medical business enterprise destinations for the floating medical population United Nations agency avail treatments in Bharat.
"While the amount of MVTs itself is poised to grow at over twenty per cent CAGR, Kerala has to concentrate on its visibility as a care destination amongst different states," same the report.
Kerala attracts solely five per cent of such medical tourists presently and has the potential to extend its share to a 10-12 per cent with a targeted promoting strategy.
As per the study, the key issue to drive medical price business enterprise in Kerala are convenience of national yet as globally authorised facilities across the complete state, a locality wherever Kerala lags behind as compared to Tamil Nadu, geographical region, NCR and Andhra Pradesh.
"... Kerala is already one among the foremost most well-liked traveler destination within the country. For medical price business enterprise, however, there's a transparent got to build and upgrade infrastructure," Grant William Thornton Bharat Partner Vrinda Mathur same.
The written report suggests sound a bigger share of the health billfold of the African, Asian, geographical area patients yet as hospitable tourists from different regions and countries, as conjointly a promoting campaign with active support of the govt and personal sector ..
According to a CII - Grant William Thornton written report, value may be a major driver for nearly eighty per cent of medical tourists across the world. The cost-consciousness issue and convenience of authorised facilities have LED to emergence of many international medical business enterprise corridors - Singapore, Thailand, India, Malaysia, Taiwan, United Mexican States and Republic of Costa Rica.
"Amongst these corridors of health, Bharat has the second largest range of authorised facilities (after Thailand). The Indian Medical business enterprise market is predicted to grow from its current size of USD three billion to USD 7-8 billion by 2020," Grant William Thornton India's National Managing Partner Vishesh C Chandiok same.
Bangladesh and Asian nation dominate the Indian Medical price Travel (MVT) with thirty four per cent share.
Africa, GCC and CIS regions (whose current share is simply thirty per cent) gift the utmost doable chance for the Indian care sector. Medical tourists from these sectors presently favour the South East Asian medical corridors.
Chennai, Mumbai, AP and NCR square measure the foremost favoured medical business enterprise destinations for the floating medical population United Nations agency avail treatments in Bharat.
"While the amount of MVTs itself is poised to grow at over twenty per cent CAGR, Kerala has to concentrate on its visibility as a care destination amongst different states," same the report.
Kerala attracts solely five per cent of such medical tourists presently and has the potential to extend its share to a 10-12 per cent with a targeted promoting strategy.
As per the study, the key issue to drive medical price business enterprise in Kerala are convenience of national yet as globally authorised facilities across the complete state, a locality wherever Kerala lags behind as compared to Tamil Nadu, geographical region, NCR and Andhra Pradesh.
"... Kerala is already one among the foremost most well-liked traveler destination within the country. For medical price business enterprise, however, there's a transparent got to build and upgrade infrastructure," Grant William Thornton Bharat Partner Vrinda Mathur same.
The written report suggests sound a bigger share of the health billfold of the African, Asian, geographical area patients yet as hospitable tourists from different regions and countries, as conjointly a promoting campaign with active support of the govt and personal sector ..