Potentials and Prospects of Medical Tourism in Chennai, India

Potentials and Prospects of Medical Tourism in Chennai, India

Muthukumar Thilakavathy (Ethiraj College for Women, University of Madras, India)
Copyright: © 2015 |Pages: 12
DOI: 10.4018/978-1-4666-8574-1.ch018
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Abstract

Medical tourism or as it is often called, Health Tourism or Medical Travel, has emerged as million-billion dollar industry. Medical tourism is the practice of traveling outside one's home town to access medical treatment. The concept of Medical Tourism in India refers to visit by overseas patients for medical treatment and relaxation. Medical tourists choose India as their favourite destination because of the key opportunities in Indian healthcare sector in the form of efficient infrastructures and technology. The health insurance market and National medical systems here are well developed, which is convenient for visitors from the West and the Middle East. They also find the hospital expenses very affordable. The Tamil Nadu region is proud of possessing India's best medical facilities (Allopathy, Ayurveda, Siddha, Unani, and so on). Chennai leads in the Indian health care sector and is considered the Health Capital of India, and suitable subject for this Chapter on medical tourism in India.
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Medical Tourism In India: An Emerging Industry

The medical-tourism market in India is estimated at 333 million dollars (The Hindu Chennai, 15 March 2014) and is growing at 30 per cent per annum. According to a study by Mckinsey and the Confederation of Indian Industry, medical tourism in India could become a 2 billion dollar business by 2015 (Devashish, 2011). It is estimated that nearly 15,000 foreigners have been treated in India in recent years. The Ministry of Tourism has requested all the state of Tourism Departments to promote medical tourism through suitable packaging of identified best hospitals and price banding for various specific treatments. Moreover, guidelines formulated by Department of AYUSH, to prescribe minimum requirement for Ayurveda and Punchkarma Centers have also been circulated to all State Governments (Gupta & Sharma, 2008)

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