Indian Medical Tourism Market Expected to Reach $8 Billion by 2020

Hyderabad: The number of patients from abroad visiting India for treatment has been growing by 23 to 25 per cent per annum. The Indian Medical Tourism market is expected to grow from $3 billion (2015) to $7-8 billion by 2020.

 
While Thailand tops as a global destination for medical tourism, India is not far behind in the global market. Singapore, Malaysia, Taiwan, Mexico and Costa Rica are some of the other major countries attracting patients from abroad for medical tourism, reports Hindu Business Line.
 
Apollo Hospitals Group alone treated 1.50 lakh foreign patients in the financial year ended March 2016 and is expecting a 25 per cent growth in this number this year, according to Radhe Mohan, vice president, international marketing, Apollo Health City.
 
Fortis Hospitals, which had treated 17,000 foreign patients last year, is expecting a 35 per cent increase this year, according to Bhavdeep Singh, CEO, Fortis Healthcare.
 
While patients are coming from 125 countries, a majority of them are coming from Africa, Gulf and CIS (Commonwealth of Independent States) countries for treating ailments of heart, cancer, liver and other organ transplants, HIV and other life-threatening infections.

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