Medical Tourism
As per the Medical Tourism Market Report: 2015, India has been the most prominent destination. It is due to highest quality treatment provided at the lowest cost. In Oct 2015, the value of Indian medical tourism was estimated to be $ 3 billion and was expected to reach $ 7 -8 billion by 2020. As per the CII-Grant Thornton report released in October-2015, 34% of medical tourist are from Bangladesh and Afghanistan, 30 % are from Russia and Commonwealth of Independent States and remaining from Africa and Middle East.
The major reason for the inflow of patients from other countries coming to India to get medical treatments is the fact that Indian hospitals provides almost the same level of sophisticated treatment as the developed world, but at a fraction of their cost. The table below compares the price difference between the developed world and India for Cardiac treatments.
