India hosted a record of 400,000 medical tourists from all over the world in 2012. India is more popular among medical tourists interested in cardiac procedures, cancer diagnosis and treatment. Being a pioneer in the medical tourism industry, India offers new technology, alternative and experimental treatments alongside an internationally trained workforce who speak English. India has a broad spectrum of specializations including cardiology, cosmetic surgery, dentistry, ophthalmology, orthopedics, transplants and assisted reproduction. Nowadays, India remains a leading medical tourism country that promotes widely at both a governmental and private sector level as well as offering medical visas. Cost savings are prominent as one can expect to save 58% when compared to the US or 47% for the UK. Other driving factors are high quality of medical care, availability of treatments and reduced waiting times. The health care sector in India has witnessed an enormous growth in infrastructure in the private and voluntary sector. The private sector which was very modest in the early stages, has now become a flourishing industry equipped with the most modern state-of-the-art technology at its disposal. It is estimated that 75-80% of health care services and investments in India are now provided by the private sector. An added plus had been that India has one of the largest pharmaceutical industries in the world. It is self sufficient in drug production and exports drugs to more than 180 countries.
Quality And Range Of Services
India has number of hospitals offering world class treatments in nearly every medical sector such as cardiology and cardiothoracic surgery, joint replacement, orthopedic surgery, gastroenterology, ophthalmology, transplants and urology to name a few. The various specialties covered are Neurology, Neurosurgery, Oncology, Ophthalmology, Rheumatology, Endocrinology, ENT, Paediatrics, Paediatric Surgery, Paediatric Neurology, Urology, Nephrology, Dermatology, Dentistry, Plastic Surgery, Gynecology, Pulmonology, Psychiatry, General Medicine & General Surgery. For its quality of services and the infrastructure available, India is attracting a vast pool of tourists from the Middle East, Africa etc.
India has a large pool of doctors (approx. 600000), nurses & paramedics with required Specialization and expertise and the language advantage (English speaking skills). The medical education system caters to the ever-increasing demand for the delivery of the quality health care services all over the country.
The Price Advantage
For long promoted for its cultural and scenic beauty, India is now being put up on international map as a heaven for those seeking quality and affordable healthcare. With 50 million Americans without health insurance and the waiting lists for state-run facilities often endless in the UK, Canada and Europe, foreigners are increasingly flocking to India because it offers quality treatment at a fifth of the cost abroad. In India, complicated surgical procedures are being done at 1/10th the cost as compare with the procedures in the developed countries. Not only this, the hospitals are well equipped to handle the data and information through computerized Hospital Information Systems. The hospitalization and the procedural price advantage also is supported by Lower Medication cost. If a liver transplant costs in the range of 137,867 USD - 160,845 USD in Europe and double that in the US, a few Indian hospitals have the wherewithal to do it in around 34,466 USD - 45,955 USD. Similarly, if a heart surgery in the US costs about Rs 45,955 USD, a leading Indian hospital will do it in roughly 4,595 USD.