Summary

India medical tourism market is anticipated to grow with an impressive CAGR in the forecast period, FY2023-FY2027. The market is expected to grow with the projected cumulative annual growth rate on the account of rising demand of affordable and efficient healthcare services. The medical tourism in India is growing due to cheaper healthcare services available in the country as well as India having large number of well educated and experienced medical practitioners. Moreover, travel expenses in and out of India is affordable and is effective for the middle-class population is driving the India medical tourism market in the subsequent five years. Government bodies and hospital industry is heavily investing and with the effective policies by the government supporting the medical tourism, the market is bound to experience effective growth in the next five years. Finance sector have come up with effective medical insurance schemes and even government has introduced various schemes that reimburses the medical costs as well as supports the patients and their families for the medical attentions that they require, these added benefits are driving the growth of the India medical tourism market in the upcoming five years, until FY2027. Furthermore, disposable income among the population that can afford expensive treatments in the countries like United States and Canada, that have better healthcare facility is also aiding to the growth of the India medical tourism market in future five years.
The India medical tourism market is segmented by type, treatment type, services, regional distribution, top three state analysis, and competitional landscape. Based on type, the market is differentiated between inbound and outbound medical tourism. Inbound medical tourism involves the patients from outside India, visiting the country for healthcare facility. Outbound medical tourism involves the patients from India visiting other countries to avail healthcare facility. Inbound medical tourism is anticipated to register largest revenue shares of the market and dominate the market segment on the account of affordable and effective healthcare facilities available in the country. Patients from the neighboring countries like Thailand, Myanmar, Nepal, are often visiting the country for the healthcare facility and the market is bound to experience due to these factors. Outbound medical tourism is also expected to register significant growth in the next five years, due to inclination of the population with their disposable incomes to visit larger economies like United States for the top-tier healthcare facility.
Some of the top players in the India medical tourism market is GlobalCare Health, 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., Alphine Life Solutions, Forerunners Healthcare Consultants Private Limited, Global Treatment Services Pvt. Ltd., Al Afiya Medi Tour Private Limited, Universal Health Help Private Limited, India Medical Centre, TransEarth Medical Tourism, HealthOpinion, Anavara Limited, Tour2India4Health Consultants Pvt. Ltd., TourMyIndia Pvt. Ltd., SafeMedTrip, among others. The companies are involving themselves into research and development for more advanced medical devices. With the evolving technology, it is appropriate to say that the effective research and development of the technologically advanced instruments and methods to satisfy consumer demands would support the market growth and benefit the market players as well as the consumers. New market players may focus on the research and development to provide such products and services that satisfies the consumer demand as well as benefits the market players in building their brand value. Other competitive strategies include mergers & acquisitions and new product developments.
Years considered for this report:
Historical Years: FY2017 – FY2020
Base Year: FY2021
Estimated Year: FY2022
Forecast Period: FY2023 – FY2027
Objective of the Study:
• To analyze the historical growth of the market size of India medical tourism market from FY2017 to FY2020.
• To estimate and forecast the market size of India medical tourism market from FY2021 to FY2027 and growth rate until FY2027.
• To classify and forecast India medical tourism market based on type, treatment type, service, regional distribution, top 3 states analysis, and competitional landscape.
• To identify dominant region or segment in the India medical tourism market.
• To identify drivers and challenges for India medical tourism market.
• To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in India medical tourism market.
• To identify and analyze the profile of leading players operating in India medical tourism market.
• To identify key sustainable strategies adopted by market players in India medical tourism market.
TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of manufacturers, suppliers, and service providers across the country. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, TechSci Research could include the manufactures which could not be identified due to the limitations of secondary research. TechSci Research analyzed the manufactures, distribution channels and presence of all major players across the country.
TechSci Research calculated the market size of India Medical Tourism market using a bottom-up approach, wherein data for various end-user segments was recorded and forecast for the future years. TechSci Research sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied by TechSci Research.
Key Target Audience:
• Service providers, end users, and other stakeholders
• Distributors and suppliers of medical tourism and other stakeholders
• Organizations, forums and alliances related to medical tourism
• Market research and consulting firms
The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as manufacturers, suppliers, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.
Report Scope:
In this report, India Medical Tourism market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
• India Medical Tourism Market, By Type:
o Inbound
o Outbound
• India Medical Tourism Market, By Treatment Type:
o Orthopedic Surgery
o Cardiac Surgery
o Cancer Treatment
o Neurology & Neurosurgery
o Cosmetic Surgery
o Bariatric Surgery
o Fertility Treatment
o Others
• India Medical Tourism Market, By Service:
o Medical VISA
o Appointment Fixation
o Treatment/Check-up Packages
o Others
• India Medical Tourism Market, By Region:
o South
o West
o North
o East
Competitive Landscape
Company Profiles: Detailed analysis of the major companies present in India medical tourism market.
Available Customizations:
With the given market data, TechSci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:
Company Information
• Detailed analysis and profiling of additional market players (up to five).

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