About Event

India: A Premier Healthcare Destination

The medical value travel industry has emerged as one of the fastest growing segment of tourism industry despite the global economic downturn. According to the FICCI – IMS Report, India is one of the key MVT destinations in Asia with over 500,000 foreign patients seeking treatment. MVT can be a 9 billion USD opportunity by 2020 through adequate focus and effective execution.

India need to focus on dual objectives of “tourism friendliness” and “patient centricity”. However, achieving the stated vision of being “The Provider to the World” would necessitate coordinated efforts by all key stakeholders.

India is emerging as a preferred healthcare destination for patients across the globe. Growing at a compounded annual growth rate (CAGR) of 27%, the inflow of medical tourists in India is likely to cross 3.2 million in 2016. World class treatment and state of the art hospitals in India have created a very favorable atmosphere for patients with varying degrees of illness to avail the best facilities for their treatment.

Our endeavour, through the “Advantage Health Care – India 2017” is to showcase India and its immense pool of medical capabilities as well as create opportunities for healthcare collaborations between the participating countries.

Key stakeholders for MVT ecosystem

MEDICAL VALUE TRAVEL IN INDIA

MVT can be a 9 billion USD opportunity by 2020 through adequate focus and effective execution

As outlined above, India needs to diversify its sources of medical tourism and offerings to create a strong value proposition which would help India in becoming leader in medical tourism.

Thus with broader offerings catering to large set of global patient pool, India could accelerate its MVT growth from current estimates of 15% to 25%


However to tap this opportunity, India will have to focus on following considerations

Following are the key considerations for patients while deciding upon the destination for seeking treatment abroad.

ADVANTAGES OF HEALTHCARE AND WELLNESS INDUSTRY IN INDIA

  • State of the art Hospitals with Excellent Infrastructure
  • Largest pool of Highly qualified and skilled doctors
  • Well trained & caring nurses and paramedical staff
  • Latest and highly advanced medical devices
  • Affordable treatment at costs just 25%-30% of what it would cost in other countries
  • Absence of waiting time for treatment.
  • Fluent English-speaking and International languages speaking doctors, nurses and paramedical staff means no language problem for International patients
  • Ultramodern pharmaceutical manufacturing and packaging facilities
  • Large number of private hospitals that are accredited with the National Accreditation Board for Hospitals & Healthcare Providers (NABH) and Joint Commission International (JCI).
  • History of Indian system of medicine is over 5000 years old
  • 'AYUSH', acronym of Ayurveda, Yoga and Naturopathy, Unani, Siddha and Homoeopathy is widely practiced in India
  • India's Ayurveda and Yoga have emerged globally as the most effective ways for wellness of both mind and the body

OBJECTIVE

The objective of this summit is to promote India as a Premier Global Healthcare Destination and to enable streamlined medical services exports from India. This underlying objective is a unique conglomeration of the ‘5 – Ts’ - talent, tradition, technology, tourism and trade.

Healthcare and Wellness Industry in India

  • History of Indian system of medicine encompassing Ayurveda, Yoga, Unani, Siddha and Homeopathy is 5000 year old
  • Hospitals with Excellent Infrastructure
  • Highly qualified and skilled doctors
  • Caring nurses and paramedical staff
  • Latest medical devices
  • World class medical treatment at affordable costs
  • Ultramodern pharmaceutical manufacturing and packaging facilities
  • Quality medical, paramedical and nursing education and training institutions
  • Traditional medical and health practices focus on preventive healthcare
  • Developed Ayurveda and Yoga for mental and body wellness have emerged globally
  • Affordable treatment at costs just 25%-30% of what it would cost in other countries
  • As per a recent study by the Stanford Research Institute, the Indian Wellness Industry is a US$ 9.8 billion market
  • The wellness industry in India will grow at a rate (CAGR) of approximately 30-35 per cent during the next five years, says a latest study by FICCI and Ernst & Young