Making Indian Healthcare Market a Global Medical Tourism Destination

Abstract

Medical Tourism in India is budding as an exponential growth of 25%-30% annually. Medical Tourism (also called medical travel, health tourism or global healthcare) is the practice of traveling abroad to get hold of healthcare services. Typically, by traveling abroad patients not only save a considerable amount of money but also receive world-class service. There are different opinions as to whether medical tourism is still a promising industry or had been considered firmly established. The industry is being followed and promoted by several trustworthy organizations, including the Medical Tourism Association (MTA), the Deloitte Center for Health Solutions, and the Joint Commission International. The MTA is an industry group actively involved in promoting the Medical Tourism industry, above all through its publication. The Deloitte Center is a research arm of the global accounting firm on healthcare. The JCI is a division of the Joint Commission which is involved in accrediting health care facilities outside the United States. National Accreditation board for hospitals (NABH) is responsible as Indian regulatory body for medical travel in India. India’s medical tourism is dominated by the private sector from the corporate houses. Medical Tourism in India has 80% hospital managed by private sector, which is ultimately invigorating and making India a global medical Tourism destination.