IIPM BEST B-SCHOOL
Looking
at the brighter side, the private sector in India is home to the best medical facilities in the world. Growing at an enviable 25% annually, CII research confirms that medical tourism in India (primarily in the private sector) is worth $350 million and is expected to reach an estimated $2 billion within the next six years. Riding on unbelievable cost advantages over its developed cousins, the Indian private healthcare sector has obliterated competition with a skilled and contemporary manpower-technology combination. For example, even for a normal bypass surgery, B&E research shows how India enjoys a tub thumping 361.5% cost advantage over the same surgery in US.Today, like everything else in India, even healthcare is profit-oriented. The government is focussing mainly on primary healthcare in India; ergo, corporate India has taken the secondary and tertiary healthcare routes, which are fast becoming the cash cows of the sector. IBEF shows how, with an average healthcare cost of $4.3 per person, private healthcare in India is nearly 50% more expensive than the public system.
For Complete IIPM Article, Click on IIPM Article
Source : IIPM Editorial, 2007
An IIPM and Professor Arindam Chaudhuri (Renowned Management Guru and Economist) Initiative
1 comment:
Medical Tourism India is fast blossoming on account of its worldclass healthcare facilities at an astonishing affordable charge. Besides, medical tourists can heal themselves faster by spending their vacation at some of the most beautiful Indian tourist spots. The Indian hospitality is one of the prime reasons for the constant insurge of patients from across the world, thus contributing to the growth of the medical tourism industry in India.
Post a Comment