The medical tourism market is booming. Estimates place its value at more then $4 billion dollars. In India, medical tourism is responsible for 6.1% of GDP and accounts for ten percent of the country’s employment, both staggering numbers. So the question is, why has India become such a hotspot for medical tourism? In the following paragraphs, we’ll explore a few reasons that are contributing to this phenomenon.
India’s healthcare system is plagued by problems such as patients being responsible for a high percentage of their bills (up to 60%), lack of availability of certain surgeries, limited supply of hospital beds and other serious issues. Medical tourism, however, just might be the answer. The $1 billion business is generating revenue that’s allowing for the opening of new, updated facilities and opening up thousands of new beds to patients. Read on to find out how India is attracting medical tourists from around the world to its facilities.