Medical Tourism Market in India to Soar at a CAGR of 27%
Medical tourism industry in India is anticipated to reach around 3.85 Billion by 2014, growing at a CAGR of around 27% during 2011-2014, says RNCOS's research report.
The medical tourism industry in India has been growing enormously for the past few years and has become a crucial point of attraction for several developing countries. The country provides medical treatments at the lowest costs among Asian destinations, and is the most competitive destination with advantages of both lower cost and more sophisticated treatments. India’s vast pool of medical professionals and expanding private healthcare infrastructure will also ensure that this market reaches maturity much earlier than other destinations, says RNCOS's new research report, “Booming Medical Tourism in India”. Thus, the medical tourism market in India is expected to surge at a CAGR growth rate of around 27% during the forecast period.
RNCOS's report identifies that, Ayurveda and spa tourism in India has gained huge popularity among not only domestic travelers but also foreign tourists. Considering the benefits of these treatments and low cost, health and wellness has emerged as a shining industry. The taste of people has also changed. Now more and more people are looking for availing natural system of treatments instead of currently prevalent medical systems. States like Goa, Kerala, and Rajasthan are the most popular ones in Ayurveda and spa treatment.
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