India Medical Tourism Market is Predicted To Grow at a CAGR of 14.50% During 2024-2032
India Medical Tourism Market Overview
Base Year: 2023
Historical Years: 2018-2023
Forecast Years: 2024-2032
Market Growth Rate: 14.50% (2024-2032)
Market Size in 2023: USD 18.3 Billion
Market Size in 2032: USD 68.5 Billion
The India medical tourism market offers affordable healthcare, world-class treatments, and a growing number of international patients seeking care. According to the latest report by IMARC Group, the size reached USD 18.3 Billion in 2023. Looking forward, IMARC Group expects the market to reach USD 68.5 Billion by 2032, exhibiting a growth rate (CAGR) of 14.50% during 2024-2032.
India Medical Tourism Market Trends and Drivers:
The high-quality healthcare services at comparatively lower costs are the factors responsible for the growth of the India medical tourism market. Additionally, patients from around the world, particularly from neighboring countries, Africa, and the Middle East, seek medical treatment in India for its affordability and access to advanced medical technologies.
The country offers a wide range of services, including complex procedures such as cardiac surgeries, organ transplants, and orthopedic treatments, alongside wellness therapies like Ayurveda. Moreover, highly skilled medical professionals in India and internationally accredited hospitals have strengthened its reputation as a global healthcare destination. Government initiatives, such as the e-Medical Visa scheme, have further streamlined the process for medical tourists, boosting inbound patient flows.
The growing integration of wellness tourism and the adoption of advanced healthcare technologies is augmenting the India medical tourism market. In addition to this, many international patients are combining medical treatments with holistic wellness experiences, such as yoga and traditional therapies, which are increasingly popular. Furthermore, the adoption of telemedicine and digital healthcare platforms is improving pre- and post-treatment consultations, enhancing patient convenience.
The market is also witnessing a rise in demand for personalized healthcare services, with hospitals offering tailored packages to cater to the specific needs of international patients. Collaboration between healthcare providers and travel agencies is another significant trend, simplifying the travel and treatment process for medical tourists. The robust healthcare infrastructure and competitive pricing are expected to drive the growth of the India medical tourism market in the coming years.
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India Medical Tourism Market Industry Segmentation:
The report has segmented the market into the following categories:
Breakup by Treatment Type:
- Cosmetic Treatment
- Dental Treatment
- Cardiovascular Treatment
- Orthopaedic Treatment
- Bariatric Surgery
- Fertility Treatment
- Ophthalmic Treatment
- Others
Breakup by Region:
- North India
- West and Central India
- South India
- East and Northeast India
Competitive Landscape:
The report offers an in-depth examination of the competitive landscape. It includes a thorough competitive analysis encompassing market structure, key player positioning, leading strategies for success, a competitive dashboard, and a company evaluation quadrant.
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Key highlights of the Report:
- Market Performance (2018-2023)
- Market Outlook (2024-2032)
- Porter’s Five Forces Analysis
- Strategic Recommendations
- Historical, Current and Future Market Trends
- Market Drivers and Success Factors
- SWOT Analysis
- Structure of the Market
- Value Chain Analysis
- Comprehensive Mapping of the Competitive Landscape
Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.
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