India Medical Tourism Market to grow with a CAGR of 11.00% through 2030
Increasing healthcare infrastructure and a supportive
regulatory environment are the major drivers for the India Medical Tourism
Market.
According to TechSci Research report, “India
Medical Tourism Market - By Region, Competition, Opportunities & Forecast, 2020-2030F”, India Medical Tourism Market was valued at
USD 9.01 billion in 2024 and is expected to reach USD 16.76 billion by 2030,
growing at a CAGR of 11.00% during the forecast period. This can be due to
collaborations and partnerships among leading companies with a diverse approach
to merge the expertise of individual companies and to strengthen their position
in the market.
Affordable healthcare plays a major role in driving
demand within the medical tourism sector. Numerous individuals travel abroad
specifically to receive high-quality healthcare at a reduced cost. A key reason
for many medical tourists is the chance to undergo treatments and procedures at
much lower prices than in their home countries. This price benefit is
especially attractive to patients without insurance or with minimal coverage.
Some treatments, particularly complex surgeries and specialized procedures, can
be extremely costly in various countries. Medical tourists choose destinations
offering the same standard of care at a more economical rate. Many such
locations provide healthcare services equal to or better than those available
at home. This means patients don’t need to sacrifice quality for affordability.
Tourists often seek places with access to modern and advanced procedures that
might be unavailable or harder to obtain locally. They can compare facilities,
balancing cost and care, while combining treatment with vacation to lower
expenses.
Geopolitical and security concerns present obstacles in the India Medical Tourism Market. These factors can influence the choices of prospective medical tourists and affect India's appeal as a healthcare destination. Political unrest or safety issues in specific Indian cities or regions might discourage tourists. Patients and their families prioritize safety and might choose destinations seen as more stable. Tensions or incidents can trigger travel advisories from foreign governments, discouraging citizens from seeking treatment in India and reducing tourist inflow. Insurance companies may revise coverage or premiums based on perceived geopolitical risks, complicating insurance for medical trips. Patients may encounter difficulties securing suitable insurance plans. Security-related issues can also prompt stricter travel controls, such as visa rejections and enhanced entry protocols. These measures may hinder potential medical tourists from obtaining required travel documentation. Overall, such concerns can significantly influence a patient's decision to consider India as a medical tourism option, affecting the market's growth.
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India Medical Tourism Market is
segmented based on type, treatment type, service, and by region.
Based on the service, in 2024, the India
Medical Tourism Market largest share was held by Medical VISA segment
in the forecast period and is predicted to continue expanding over the coming
years. The Indian government has streamlined the visa application process
for medical tourists. The Medical Visa category is specifically designed to
make it easier for foreign patients to obtain a visa for medical treatment in
India. This simplification and specialization in the visa category have made it
more convenient for patients to travel to India. Medical Visas typically have
longer durations compared to regular tourist visas. This allows patients and
their accompanying family members to stay in India for the necessary duration
to complete their medical treatment and recovery, which is essential for many
complex medical procedures.
The Medical Visa category is tailored to those seeking
healthcare services in India. It provides patients with greater access to
healthcare facilities, doctors, and treatment options, ensuring they can
receive the necessary medical attention. India is known for offering
specialized medical care in various fields such as cardiology, orthopaedics,
oncology, and organ transplantation. The Medical Visa is well-suited for
patients seeking these specialized treatments. The Medical Visa category
ensures that patients comply with the regulations and legal requirements
related to seeking medical treatment in India. This provides a level of
assurance for both patients and healthcare providers.
Based on Region, North India has emerged as the
fastest-growing region in India’s medical tourism market due to a combination
of strategic, infrastructural, and demographic factors. Major cities like
Delhi, Gurugram, Noida, and Jaipur have seen rapid development in healthcare
infrastructure, housing some of the country’s top multi-specialty hospitals and
specialized treatment centers. These institutions offer advanced medical
procedures, internationally accredited services, and expert professionals,
attracting patients from across India and abroad. The region benefits from
strong connectivity through international airports, especially in Delhi, which
acts as a gateway for foreign medical tourists. North India also sees high
demand from neighboring countries such as Afghanistan, Bangladesh, and Nepal,
due to cultural proximity and ease of access. The government’s active promotion of medical tourism
through streamlined visa processes and initiatives like “Heal in India” has
further enhanced the region’s appeal. The growth of IVF clinics and cosmetic
surgery centers in tier 2 and 3 cities, combined with increasing awareness and
affordability, has broadened access and driven strong market expansion in North
India.
Some of the major companies
operating in the India Medical Tourism Market include:
·
Vaidam Health Private Limited
·
Digicore Technologies Pvt. Ltd.
(ClinicSpots)
·
We Care Health Services
·
Mediniq Healthcare Pvt Ltd
·
Arinaa Medical Tourism Pvt Ltd.
·
Medmonks Medicare Pvt Ltd.
·
Mediconnect India Pvt. Ltd.
·
Global Treatment Services Pvt. Ltd.
·
Universal Health Help Private
Limited
·
TourIndia4Health Consultants Pvt.
Ltd.
·
TourMyIndia Pvt. Ltd.
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“India’s medical tourism market has experienced
remarkable growth, driven by a compelling blend of affordability, quality, and
accessibility. World-class hospitals offering internationally accredited care,
coupled with advanced treatments across specialties, have attracted global
patients. The influx of skilled English-speaking professionals, shorter wait
times, and efficient digital platforms have enhanced patient experience.
Governments and private stakeholders have streamlined e-medical visas and launched
dedicated tourism initiatives, further empowering growth. The rising awareness
through digital outreach and success stories has boosted international demand.
As infrastructure expands beyond major urban centers into tier 2 and 3 cities,
India is solidifying its reputation as a premier destination for cost-effective,
high-quality health and wellness tourism", said Mr. Karan Chechi, Research
Director of TechSci Research, a research-based Global management consulting
firm.
India Medical Tourism Market by
Type (Inbound, Outbound) By Treatment Type (Orthopedic Surgery, Cardiac
Surgery, Cancer Treatment, Neurology & Neurosurgery, Cosmetic Surgery,
Bariatric Surgery, Fertility Treatment, Others) By Service (Medical VISA, Appointment
Fixation, Treatment/Check-up Packages, Others), By Region, Competition, Opportunities & Forecast, 2020-2030F", has evaluated
the future growth potential of India Medical Tourism Market and provides
statistics & information on market size, structure, and future market
growth. The report intends to provide innovative market intelligence and help
decision makers take sound investment decisions. Besides, the report also
identifies and analyzes the emerging trends along with essential drivers,
challenges, and opportunities in India Medical Tourism Market.
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