Growth and Opportunity of Medical Tourism in the Indian Healthcare Sector

Abstract

The aim of the study is to explore the growth and opportunity of medical tourism in context to Indian healthcare. Advancements in science and technology have made it possible for transcontinental healthcare services to exist. In addition to offering standard tourist amenities, medical tourism aims to attract visitors by purposefully promoting its healthcare offerings. Based on extensive literature review, factors impacting inclusive growth and medical tourism in India. Medical tourism—also known as wellness tourism, medical travel, or health tourism—was first used by travel firms and the media to refer to the quickly expanding trend of people traveling abroad for medical treatment. The health care industry is becoming more globalized, and many developing nations like India which have the means and potential to meet this demand. Furthermore, have become interested in the recent surge in demand for affordable, high-quality medical care. Nowadays, because medical care in India is so affordable, people from other nations travel there for procedures including knee transplants, hip replacements, heart surgery, cosmetic surgery, and dental work. While medical tourism is a relatively new phenomenon, it is growing at an exponential rate and is becoming a significant contributor to the global expansion of services exports. Among the leading nations in this sector is India. Medical tourism is a crucial source of income, particularly for underdeveloped countries. Hence, it can be concluded that both the destination countries and the patients benefit from it.