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India Medical Tourism Market, Share, Forecast, Industry Trends, Size, Growth, Outlooks, Impact of COVID-19

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    Report

  • 90 Pages
  • September 2022
  • Region: India
  • Renub Research
  • ID: 5654352

India Medical Tourism Market is expected to generate US$ 35.12 Billion by 2027

India Medical Tourism Market is expected to generate US$ 35.12 Billion from international medical tourist arrivals in 2027 as per the report. India also has a long and illustrious medical history dating back to the Vedic era. One of the oldest medical systems, Ayurveda, dates back to 8000 BCE. Since independence, India's advancement in modern medicine has accelerated; it has built a unique environment for holistic health that incorporates the finest of contemporary healthcare, alternative medicine, and wellness. As a result, India is considered one of the best locations for Medical Tourism due to the synergy of this unique holistic health and wellness ecosystem and its various possibilities.

India Medical Tourism Market is expected to expand at a CAGR of 35.68% from 2021-2027

The primary goal of Indian medical infrastructure is to market India as a high-quality healthcare destination for people worldwide, allowing them to make use of the country's healthcare knowledge and facilities. Furthermore, India offers international-standard medical and health services relatively reasonably. Ayurveda Centres are becoming a standard feature in most hotels and resorts. The majority of foreign visitors now come to India only for Ayurveda treatments. Ayurveda has been included in top tour operators' brochures promoting health tourism worldwide.

Key Advantages of India for Medical Tourism Market are as follows

  • The world-class doctors and hospitals.
  • The cost of the treatment is a fraction of the price in the source markets.
  • There is no waiting period for various medical processes.
  • Increasing popularity of India as a medical tourist destination in the African, Middle East & Asian countries.
  • Eastern Healthcare Wisdom along with the expertise of Western Medicine.

By Country, India Medical Tourism - Market and Arrivals

The southern states of India, particularly Kerala, have developed Health Tourism as one of the products for promoting tourism in Kerala. Health tourism has also been announced as one of the state's differentiators. Our report found that India receives medical tourists from critical countries such as Bangladesh, Iraq, Maldives, Afghanistan, Oman, Yemen, Sudan, Kenya, and Nigeria. Furthermore, we believe that India has a significant opportunity to recognize and aggressively pursue medical tourists from other world regions, including Europe and the Americas.

India Medical Tourism Market during the COVID and post-COVID world

Over the years, the global population, which desperately needs adequate health and wellness solutions, has made medical tourism in India a priority sector with sizable revenue prospects. The COVID-19 pandemic suspended the market's escalating popularity and growing demand for medical tourism. Demand for healthy living, preventive medicine, nutrition, and immunity-building visits are expected to rise in the coming years. As a result, healthcare and wellness services are likely to increase in the post-COVID world as more people seek out avenues of quality medical care and holistic health. As per our analysis, India's Medical Tourism Market was US$ 5.63 Billion in 2021.

The publisher's latest report “India Medical Tourism Market, Forecast, Number of Patients By country (Canada, United States, United Kingdom, Eastern Europe, Kenya, Mauritius, Nigeria, Sudan, Tanzania, Iraq, Saudi Arabia, Yemen, Bangladesh, Maldives, Nepal, Sri Lanka, Myanmar, Australasia & Others)” provides a detailed analysis of India Medical Tourism Market Industry.

Country - Market & Patient Number has been covered for these 10 countries

1. Canada
2. United States
3. United Kingdom
4. Eastern Europe
5. Kenya
6. Mauritius
7. Nigeria
8. Sudan
9. Tanzania
10. Iraq
11. Saudi Arabia
12. Yemen
13. Bangladesh
14. Maldives
15. Nepal
16. Sri Lanka
17. Myanmar
18. Australasia
19. Others

Table of Contents


1. Introduction2. Research & Methodology3. Executive Summary
4. Market Dynamics
4.1 Growth Drivers
4.2 Challenges
5. India Medical Tourism Market6. India Medical Tourist Arrivals
7. India Medical Tourism Share Analysis
7.1 By Country Market Share
7.2 By Region Market Share
8. Medical Tourist Arrivals by Country, 2017-2020
8.1 France
8.2 Germany
8.3 Italy
8.4 Netherlands
8.5 Norway
8.6 Sweden
8.7 Switzerland
8.8 Kazakhstan
8.9 Russian Federation
8.10 Ukraine
8.11 Egypt
8.12 South Africa
8.13 Bahrain
8.14 Oman
8.15 Turkey
8.16 United Arab Emirates
8.17 Afghanistan
8.18 Iran
8.19 Pakistan
8.20 Indonesia
8.21 Malaysia
8.22 Philippines
8.23 Singapore
8.24 Australia
8.25 New Zealand
9. North America - Country Wise Medical Tourist Arrivals, Market
9.1 Canada
9.1.1 Arrivals
9.1.2 Market
9.2 United States
9.2.1 Arrivals
9.2.2 Market
10. Western Europe - Country Wise Medical Tourist Arrivals, Market
10.1 United Kingdom
10.1.1 Arrivals
10.1.2 Market
11. Eastern Europe - Medical Tourist Arrivals, Market
11.1 Arrivals
11.2 Market
12. Africa - Country Wise Medical Tourist Arrivals, Market
12.1 Kenya
12.1.1 Arrivals
12.1.2 Market
12.2 Mauritius
12.2.1 Arrivals
12.2.2 Market
12.3 Nigeria
12.3.1 Arrivals
12.3.2 Market
12.4 Sudan
12.4.1 Arrivals
12.4.2 Market
12.5 Tanzania
12.5.1 Arrivals
12.5.2 Market
13. West Asia - Country Wise Medical Tourist Arrivals, Market
13.1 Iraq
13.1.1 Arrivals
13.1.2 Market
13.2 Saudi Arabia
13.2.1 Arrivals
13.2.2 Market
13.3 Yemen
13.3.1 Arrivals
13.3.2 Market
14. South Asia
14.1 Bangladesh
14.1.1 Arrivals
14.1.2 Market
14.2 Maldives
14.2.1 Arrivals
14.2.2 Market
14.3 Nepal
14.3.1 Arrivals
14.3.2 Market
14.4 Sri Lanka
14.4.1 Arrivals
14.4.2 Market
15. South East Asia - Country Wise Medical Tourist Arrivals, Market
15.1 Myanmar
15.1.1 Arrivals
15.1.2 Market
16. Australasia - Medical Tourist Arrivals, Market
16.1 Arrivals
16.2 Market
17. Others - Medical Tourist Arrivals, Market
17.1 Arrivals
17.2 Market
List of Figure:
Figure 01: India - Medical Tourism Arrivals Volume (Number), 2019 - 2027
Figure 02: India - Medical Tourist Market (Million US$), 2019 - 2027
Figure 03: Canada - Medical Tourist Arrivals Volume (Number), 2019 - 2027
Figure 04: Canada - Medical Tourist Market (Million US$), 2019 - 2027
Figure 05: United States - Medical Tourist Arrivals Volume (Number), 2019 - 2027
Figure 06: United States - Medical Tourist Market (Million US$), 2019 - 2027
Figure 07: United Kingdom - Medical Tourist Arrivals Volume (Number), 2019 - 2027
Figure 08: United Kingdom - Medical Tourist Market (Million US$), 2019 - 2027
Figure 09: Eastern Europe - Medical Tourist Arrivals Volume (Number), 2019 - 2027
Figure 10: Eastern Europe - Medical Tourist Market (Million US$), 2019 - 2027
Figure 11: Kenya - Medical Tourist Arrivals Volume (Number), 2019 - 2027
Figure 12: Kenya - Medical Tourist Market (Million US$), 2019 - 2027
Figure 13: Mauritius - Medical Tourist Arrivals Volume (Number), 2019 - 2027
Figure 14: Mauritius - Medical Tourist Market (Million US$), 2019 - 2027
Figure 15: Nigeria - Medical Tourist Arrivals Volume (Number), 2019 - 2027
Figure 16: Nigeria - Medical Tourist Market (Million US$), 2019 - 2027
Figure 17: Sudan - Medical Tourist Arrivals Volume (Number), 2019 - 2027
Figure 18: Sudan - Medical Tourist Market (Million US$), 2019 - 2027
Figure 19: Tanzania - Medical Tourist Arrivals Volume (Number), 2019 - 2027
Figure 20: Tanzania - Medical Tourist Market (Million US$), 2019 - 2027
Figure 21: Iraq - Medical Tourist Arrivals Volume (Number), 2019 - 2027
Figure 22: Iraq - Medical Tourist Market (Million US$), 2019 - 2027
Figure 23: Saudi Arabia - Medical Tourist Arrivals Volume (Number), 2019 - 2027
Figure 24: Saudi Arabia - Medical Tourist Market (Million US$), 2019 - 2027
Figure 25: Yemen - Medical Tourist Arrivals Volume (Number), 2019 - 2027
Figure 26: Yemen - Medical Tourist Market (Million US$), 2019 - 2027
Figure 27: Bangladesh - Medical Tourist Arrivals Volume (Number), 2019 - 2027
Figure 28: Bangladesh - Medical Tourist Market (Million US$), 2019 - 2027
Figure 29: Maldives - Medical Tourist Arrivals Volume (Number), 2019 - 2027
Figure 30: Maldives - Medical Tourist Market (Million US$), 2019 - 2027
Figure 31: Nepal - Medical Tourist Arrivals Volume (Number), 2019 - 2027
Figure 32: Nepal - Medical Tourist Market (Million US$), 2019 - 2027
Figure 33: Sri Lanka - Medical Tourist Arrivals Volume (Number), 2019 - 2027
Figure 34: Sri Lanka - Medical Tourist Market (Million US$), 2019 - 2027
Figure 35: Myanmar - Medical Tourist Arrivals Volume (Number), 2019 - 2027
Figure 36: Myanmar - Medical Tourist Market (Million US$), 2019 - 2027
Figure 37: Australasia - Medical Tourist Arrivals Volume (Number), 2019 - 2027
Figure 38: Australasia - Medical Tourist Market (Million US$), 2019 - 2027
Figure 39: Others - Medical Tourist Arrivals Volume (Number), 2019 - 2027
Figure 40: Others - Medical Tourist Market (Million US$), 2019 - 2027
List of Tables
Table 01: Medical Tourists arrivals by Country (2017-2020)
Table 02: India Medical Tourism Market Share by Country (Percent), 2019 - 2027
Table 03: India Medical Tourism Market Share by Region (Percent), 2019 - 2027

Methodology

In this report, for analyzing the future trends for the studied market during the forecast period, the publisher has incorporated rigorous statistical and econometric methods, further scrutinized by secondary, primary sources and by in-house experts, supported through their extensive data intelligence repository. The market is studied holistically from both demand and supply-side perspectives. This is carried out to analyze both end-user and producer behavior patterns, in the review period, which affects price, demand and consumption trends. As the study demands to analyze the long-term nature of the market, the identification of factors influencing the market is based on the fundamentality of the study market.

Through secondary and primary researches, which largely include interviews with industry participants, reliable statistics, and regional intelligence, are identified and are transformed to quantitative data through data extraction, and further applied for inferential purposes. The publisher's in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. These analytical tools and models sanitize the data & statistics and enhance the accuracy of their recommendations and advice.

Primary Research

The primary purpose of this phase is to extract qualitative information regarding the market from the key industry leaders. The primary research efforts include reaching out to participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions. The publisher also established professional corporate relations with various companies that allow us greater flexibility for reaching out to industry participants and commentators for interviews and discussions, fulfilling the following functions:

  • Validates and improves the data quality and strengthens research proceeds
  • Further develop the analyst team’s market understanding and expertise
  • Supplies authentic information about market size, share, growth, and forecast

The researcher's primary research interview and discussion panels are typically composed of the most experienced industry members. These participants include, however, are not limited to:

  • Chief executives and VPs of leading corporations specific to the industry
  • Product and sales managers or country heads; channel partners and top level distributors; banking, investment, and valuation experts
  • Key opinion leaders (KOLs)

Secondary Research

The publisher refers to a broad array of industry sources for their secondary research, which typically includes, however, is not limited to:

  • Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
  • Patent and regulatory databases for understanding of technical & legal developments
  • Scientific and technical writings for product information and related preemptions
  • Regional government and statistical databases for macro analysis
  • Authentic new articles, webcasts, and other related releases for market evaluation
  • Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecasts
 

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