Noida, India, September 20, 2009 --(PR.com
)-- Despite the global recession, medical tourism has emerged as the fastest growing segment of the Indian tourism industry as India provides first world treatments at third world cost. Moreover, patients, especially those who are uninsured, are giving preference to the surgical procedures in India as they can save a significant amount of money.
According to their report “Booming Medical Tourism in India”, popularity of the Indian spa industry is increasing every year, making the country one of the most popular spa destinations across the world. The Indian spa industry, with over 2,300 spas, generates revenues around US$ 400 Million annually. Moreover, spas can be found in large and small towns across the country. At present, India has around 20-25 major spa centers, most of them spread in the Southern states such as Kerala and Karnataka.
Moreover, the hotel industry in India has also been influenced by the growth in the spa industry. Hotel chains are undertaking major renovations to update their spas in order to meet the needs of their customers. These include vichy showers, lockers, hydrotherapy tubs and steam, sauna and multipurpose rooms for massage and facials. As a result India is poised to attract more western tourists.
According to their research, in addition to the existence of modern medicine, indigenous or traditional medical practitioners are providing their services throughout the country. There are over 3,000 hospitals with over 700,000 practitioners catering to the needs of traditional Indian healthcare. Moreover, the size of India’s ayurvedic industry is forecasted to grow at a CAGR of around 22% during 2009-2012 in view of rising demand for ayurvedic therapy and products.
To better gauge the future success of the medical tourism industry in India, “Booming Medical Tourism in India” provides a complete insight into the Indian medical tourism market. It evaluates the past, present and future scenario of the Indian medical tourism market and discusses the key factors which are making India a favorable medical tourism destination. Both statistics and trends regarding market size, medical tourist arrivals, infrastructure, accreditations, drivers and restraints have been thoroughly discussed in the report.
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