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Private
Healthcare Facilities
Today India becomes the source for
products and services in our day to day life may be
an IT, Engineering, to Telecom and health. According
to a study by McKinsey and the Confederation of Indian
Industry, medical tourism in India could become a
$1 billion business by 2012. The report predicts that:
"By 2012, if medical tourism were to reach 25
per cent of revenues of private up-market players,
up to 2,297,794,117 USD will be added to the revenues
of these players". The Indian government predicts
that India's $17-billion-a-year health-care industry
could grow 13 per cent in each of the next six years,
boosted by medical tourism, which industry watchers
say is growing at 30 per cent annually.
Price advantage is a major selling
point. The slogan, thus is, “First
World treatment” at “Third
World prices”. The cost differential
across the board is huge: only a tenth and sometimes
even a sixteenth of the cost in the West. Dental, eye and cosmetic surgeries
in Western countries cost three to four times as much
as in India.
For long promoted for its cultural
and scenic beauty, India is now being put up on international
map as a heaven for those seeking quality and affordable
healthcare. As Indian corporate
hospitals are on par, if not better than the best
hospitals in Thailand, Singapore, etc there is scope
for improvement, and the country is becoming a preferred
medical destination. In addition to the increasingly
top class medical care, a big draw for foreign patients
is also the very minimal or hardly any waitlist as
is common in European or American hospitals.
Leisure Tourism is already very
much in demand in India as the country offers diverse
cultural and scenic beauty. India has almost all sort
of destinations like high mountains, vast deserts,
scenic beaches, historical monuments, religious temples
etc. Known for its hospitality for tourists, the county
has opened doors to welcome with the same hospitality
for medical patients / service seekers
Over the past years substantial
investment has been made in India's Private Healthcare
Sector, in excess of 100 million USD. Specialist private
hospitals with expert and dedicated staff, combined
with the state of the art equipment have been set
in many of India's major cities to meet the needs
of the country's increasingly affluent middle class
comprised of about 200 million people. Private Healthcare
costs in India are a fraction of those in the Western
World including UK, USA and Canada.
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