Capitalizing Both Health & Wealth To Heal Better
Health tourism or otherwise known as Medical tourism refers to people traveling abroad to obtain medical treatment, and it covers a wide field of health oriented tourism ranging from preventive and health conductive treatment to rehabilitational and curative forms of travel. This segment is skyrocketing and experiencing unmatched growth as people around the globe are more interested towards integrating the pleasure of traveling with the benefits of medical advancements in their healing process.
Factors Accelerating Medical Tourism
Previously, this term referred to those who traveled from less developed countries to major medical centers in highly developed countries for unavailability of apt treatment. However, in recent times it may equally refer to those from developed countries who travel to developing countries for curbing the expenses of their medical treatments. Factors that have led to the increasing popularity of medical travel may include the high cost of healthcare long time taken for certain procedures, the ease and affordability of international travel, and improvements in both technology and standards of healthcare services in many countries.
Over the years, India has grown to become a top-notch destination for medical value travel because it scores high over a range of factors that determines the overall quality of care. The highend healthcare system in India is as good as the best in the world. It also imparts innovative drugs and creating value through innovative technologies including cell and gene therapy, new molecular or biological entities and precision(customized) medicines in a cost-effective manner. India has also become a favored destination for Yoga and Wellness with its focus on traditional therapies through AYUSH. And, these things have paved the way for India to become a Medical tourism hub worldwide. As per a report generated by ResearchAndMarkets the Indian Medical Tourism Market is expected to generate $35.12 billion in 2027 from $5.63 Billion in 2021, on account of international medical tourist arrivals in 2027 and expected to expand at a CAGR of 35.68 percent from 2021-2027.
Understanding the ample opportunities in this sector this issue of SI Healthcare magazine brings you a list of `10 Most Promising Medical Tourism Companies 2023' which were selected by comprehensive examination by industry CEOs, VCs, CXOs and SI Healthcare editorial board. We truly expect these institutions to meet your needs and we assure you that the list is prepared as we recognize the valuable contributions of the industries in the ever- expanding and competitive market.