Medical tourism aims for $9 bn

Globally, medical tourism market is estimated to touch a market value of $40 bn by 2020 and Indian medical tourism industry is expected to touch $09 billion by 2020, according to FICCI-Yes Bank Knowledge Paper ‘Tourism Infrastructure Investments: Leveraging Partnerships for Exponential Growth’.

India is fast developing into a medical and wellness tourism hub of Asia owing to its superior quality healthcare services offered at affordable prices coupled with a dedicated policy framework of government to promote medical tourism. Rising disposable incomes, self-awareness on personal well-being and increased air connectivity has encouraged market for wellness services, tourists seeking specialised medical treatments, mainly Ayurvedic, spa and other therapies look forward to India as preferred destination.