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India is quickly emerging as a leader in the industry. It is estimated that over 450,000 medical tourists traveled to India to seek health care in 2007, and the number is expected to cross the 1-billion mark by 2012.
As per a recent market research report “Booming Medical Tourism in India” (www.researchandmarket.com)
- India’s share in the global medical tourism industry will climb to around 2.4% by the end of 2012.
- Generate revenue of US$ 2.4 Billion by 2012, growing at a CAGR of over 27% during 2009–2012.
- The number of medical tourists is anticipated to grow at a CAGR of over 19% in the forecast period to reach 1.1 Million by 2012.
Thus, the flow of overseas patients to India is growing every year at a healthy pace. Modern medicine combined with India’s five thousand year old traditional therapies can offer to the whole world an unbeatable healing package.
There is a wide choice of large hospitals offering a highly trained pool of health care professionals; trained in the latest cutting edge technology; world class amenities and enormous cost-advantages.
The level of health care service in the leading hospitals and medical centers is comparable to what is being offered in US and UK hospitals and superior to most Asian countries.
Patients receive the same type of medical services in a manner that they are accustomed to in their home countries, as doctors, nurses and other health professionals are often trained to western standards and practices.
Doctors in India are responsible for their activities and medical performance under the law. In India, malpractice cases are handled by consumer courts and awards given are restricted only to the actual medical damage incurred.