India will with no doubt become the global health destination.
With prices at a fraction (sometimes only 1/10th!) of those in the US or EU, the concept has broad consumer appeal – If people can overcome their prejudices about health care in developing countries. The reality is that Indian private facilities offer advanced technology and high-quality procedures on par with hospitals in developed nations.
India is the leading country promoting medical tourism in the world. It is even moving into a new area of “Medical Outsourcing” where subcontractors aim to provide services to the overburdened medical care systems in western countries. Medical tourism to India is growing by 30% a year and the Indian education system is churning out an estimated 20,000 to 30,000 doctors and nurses each year.
India benefits from a large staff of world class experts and the ultra-competitive cost advantage it offers. While a heart surgery costs $30,000 in the US, it costs $8,000 in India. Similarly, a bone marrow transplant costs $26,000 here compared to $250,000 in the US. You can add to this that Indian doctors are among the best in the world.
Most non-urgent Western patients usually get a package deal that includes flights, transfers, hotels, treatment and often a post-operative vacation. There are many brokers specialized on the Indian market.
Medical tourists are also increasingly coming as well for the renewal of Indian traditional medicine such as yoga, Ayurveda and Meditation and combine this with the western treatments they receive during their stay