Country’s cost-effective and efficient medical sector has made it a favored destination for healthcare. The Indian systems of medicine like Ayurveda, Yoga, Panchakarma, Rejuvenation Therapy are among the most ancient systems of medical treatment, of the world.
Southern states of India, especially, Kerala has developed Health Tourism as one of the products for the promotion of tourism in Kerala. most hotels and resorts are coming up with the spas and Ayurveda Centers as an integral part in Kerala. India has an international reputation of being a knowledge-based economy.” The available talent base of over 500,000 doctors and seven 700,000 nursing professionals, India can provide Medical and Health care of international standard at comparatively low cost.
Many surgical procedures are available at one-tenth the cost of those in developed countries and “there is no waiting period for elective surgery. However, the situation should not make authorities neglect the healthcare for Indians. There are many areas in which public healthcare needs to advance in order that India’s workers can be a productive force for the global economy. nearly 80 per cent of spending on
healthcare is now in the private sector. India’s pharma sector has done commendable work in bringing low-cost essential drugs to the market, including international markets.
There is a need to promote India as the new emerging Medical Value Travel destination abroad. The private and public hospitals need to synergize their efforts to promote India as the Healthcare destination worldwide. The Healthcare Industry will also have to standardize their processes and make its functioning more transparent and accountable.
India’s healthcare sector has emerged as the largest in the service sector. Indians now spend over Rs. 1,00,000 Crore a year on healthcare, and the sector contributes 6.2 percent to the GDP. Experts project that by 2012; it will contribute 8 percent to the GDP and employ 9 million people.
But one of the many challenges it faces is to provide good quality, affordable healthcare to all. For this, there is a need to reduce inequalities, imbalances that exist between regions, cities and villages and different socioeconomic groups. India has done exceptionally well in the last three years in the tourism sector, with overseas footfalls expanding at near 20% average every year.
By January this year, 3.3 million travelers had already visited India, spending close to $ 5 billion. The domestic travel is also witnessing rapid growth. Some 368 million Indians are venturing out of their homes, based on rising incomes, lower aviation costs, and more leisure time. The World Travel and Tourism Council have forecast that tourism will grow at a rapid rate of 8.8% per year for the next ten years, the highest in the world. The Industry is projected to attract a capital investment of $21 billion by 2014, up from about $10.2 billion estimated in 2004, according to a WTTC survey.
Equally significant is the impact this growth will have on employment. The travel and tourism industry already accounts for one of every nine job opportunities created in India, currently aggregating over 20 million employees. It is estimated that this industry generates more jobs per unit investment than any other sector.
Seeing the huge potential in the sector, the government has also started issuing M (medical) visa to the medical patients, and MX visas to the spouse accompanying him, which are valid for year. Two lakh medical tourists, visited India last year, and the figure will grow by 50% this year.
India is being promoted as a healthcare destination in the ongoing 'Incredible India campaign,' being run by the tourism ministry. The campaign would promote Indian hospitals abroad as centers offering best medical services. In addition, availing medical services in India costs about a tenth of what it is in US, and one-sixth in UK. Not only this, the National Accreditation Board for Hospitals (NABH), a body set up to ensure safety and hygiene norms for hospitals, has already started the process of granting accreditation with 70 hospitals in the process of getting approval, India now offers the latest techniques such as robotic surgery, and gamma-knife treatment for brain tumors. The efficacy of treatment compares with that in the West, with the death rate from coronary bypasses at 0.8% compared to 2.35% in the US. Union health minister A Ramadoss stated the government is considering the Clinical Establishment Bill that would mandate accreditation for hospitals down to the district and village levels.
Indian corporate hospitals excel in cardiology and cardiothoracic surgery, joint replacement, orthopedic surgery, gastroenterology, ophthalmology, transplants and urology to name a few. The various specialties covered are Neurology, Neurosurgery, Oncology, Ophthalmology, Rheumatology, Endocrinology, ENT, Pediatrics, Pediatric Surgery, Pediatric Neurology, Urology, Nephrology, Dermatology, Dentistry, Plastic
Surgery, Gynecology, Pulmonology, Psychiatry, General Medicine & General Surgery
Some points describe the opportunity and attraction