Rattibha

A small 🧵on Medical tourism
Might be of interest to you if you are invested in or planning to invest in healthcare stocks
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Medical tourism, also called health tourism, surgical tourism, or medical travel is the process of traveling outside the country of residence for the purpose of receiving medical care
It may be broadly classified into following 3 categories:
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i) Medical Treatment for curative purpose that may include cardiac surgery, organ transplant, hip and knee replacement etc.
ii) Wellness & Rejuvenation offerings focused on rejuvenation or for aesthetic reasons such as cosmetic
surgery, stress relief, spas etc.
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iii) Alternative Cures - Alternative systems of medicines such as India’s offering of AYUSH (Ayurveda, Yoga & Naturopathy, Unani, Siddha and Homeopathy)
People travel to another country to get health care for many reasons, including:
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i) Cheaper Cost: To get treatment or a procedure that may be cheaper in another country
ii) Unavailable or Unapproved procedure: To get a procedure or therapy that is not available or approved
in their own country
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iii) Improved healthcare, cutting-edge technologies, breakthrough medicines, sophisticated devices,
superior hospitality, and individualized care are some of the major reasons for medical tourism
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India - A major medical tourism destination
- As per Ministry of Tourism data, proportion of medical tourists grew from 2.2% (0.11 Mn
tourist) in 2009 to 6.4% (0.69 Mn tourists) in 2019
- 88% of medical tourists are from Africa, West Asia and other South Asian nations
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- India is ranked 10th out of the top 46 countries in the world in the Medical Tourism Index 2020-21 by
Medical Tourism Association
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- In 2015, foreign tourist arrivals (FTAs) in India on grounds of medical visa were recorded as 2,33,918,
which more than doubled in 2017
Between 2017-19, India experienced 40% growth in FTAs, with the no. of tourists increasing from 495,056 in 2017 to 697,000 in 2019
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- India receives most of its medical tourists from Afghanistan, Pakistan, Oman, Bangladesh, Maldives, Nigeria, Kenya and Iraq
- In India, procedures such as knee replacement, hip replacement, and gastric bypass are more affordable
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Sources:
#page=43" target="_blank" rel="noopener" onclick="event.stopPropagation()">bseindia.com
#page=165" target="_blank" rel="noopener" onclick="event.stopPropagation()">bseindia.com
wwwnc.cdc.gov
grandviewresearch.com
fortunebusinessinsights.com
#page=78" target="_blank" rel="noopener" onclick="event.stopPropagation()">bseindia.com
#page=39" target="_blank" rel="noopener" onclick="event.stopPropagation()">bseindia.com
tourism.gov.in
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www.fortunebusinessinsights.com

tourism.gov.in

www.grandviewresearch.com

www.bseindia.com

wwwnc.cdc.gov

www.bseindia.com