Growth of Medical Tourism in India
The places where medical tourism is being energetically encouraged include Greece, South Africa, Jordan, India, Malaysia, Philippines and Singapore. India is a latest competitor into medical tourism.
Based on a study conducted by McKinsey and the Confederation of Indian Industry, medical tourism in India could turn out to be a $1 billion business by 2012. Further to it, the report states that: “By 2012, if medical tourism were to reach 25 per cent of revenues of private up-market players, up to Rs 10,000 crore will be added to the revenues of these players”.
Experts predict that as high as 150,000 medical tourists came to India last year. Though, the current market for medical tourism in India is only limited to healthcare seekers coming from Middle East and South Asian economies. On the other hand, some people predict that the medical tourism industry will boost even without wooing much tourists from Western countries.
• Medical Tourism & Public Health Services
Medical tourism deals with huge specialist hospitals which are operated by huge specialist hospitals. They come under the umbrella of cooperate entities. It is a complete myth that the revenue collected by these cooperates will grant finance to the public sector.
It is no secret that health care providers are mostly found in urban belt. Around 50 percent of India’s practitioners are found in cities, in particularly metropolitan cities. Medical tourism helps in promoting “internal brain drain” which aids in more and more of health professionals being drawn to the urban belt, especially to large corporate run institutions.
Medical tourism helps in increasing the number of demands and changes in the healthcare area in relation to its finances and regulations. It would in future help private insurances which are tied to the system of endorsement of private hospitals.
Source: Onlymyhealth editorial team Feb 24, 2011
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