Over the past decade, India has gained a reputation in providing high quality medical service at low costs to medical tourists travelling from across the globe. However, with the travel bans during the covid-19 pandemic, the influx of medical tourists had dipped. According to the Tourism Ministry, India registered a negative growth of 79.4% over 2020. Although, the situation looks positive once more owing to the efforts made to handle the pandemic situation. Market insights suggest the demand forecast to increase at a robust 19 % CAGR in 2022.
Why is India emerging as the popular medical hub for patients? India’s healthcare industry offers a combination of both modern and traditional forms of medicine which sets the country apart from others. First, it has a set of world-class doctors and hospitals that provide treatment at fractional rates when compared to other countries. Secondly, India’s systems of medicine: AYUSH i.e.
Ayurveda, Yoga, Panchakarma, Rejuvenation Therapy, etc, which are the most ancient forms of medicine, are now gaining immense popularity globally. PM Modi also recently announced plans to launch an AYUSH Mark. A mark to provide credibility to AYUSH and India’s medical tourism in india . Additionally, the other medical services and facilities are also backed by the World Health Organisation (WHO) and the US Food and Drug Administration (US FDA).