The future of alternative medicine in India is very bright. In a developing country like India, alternative medications like Ayurveda, Yoga, Unani, Siddha and Homeopathy have an important role to play in alleviating diseases- both chronic and acute. The cost-effectiveness, low toxicity, efficacy, and few side effects make them invaluable and viable alternatives to modern medicine.
According to our new research report “Booming Medical Tourism in India”, 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. Indian hotels are also entering the wellness services market by tying up with professional organizations in a range of wellness fields like Ayurvedic massages.
After thorough analysis of the industry, we have found that the Indian Ayurvedic industry is expected to grow at a CAGR of around 22% (2009–2012) to reach a value of over US$ 1.3 Billion by 2012 end in the backdrop of rising demand for Ayurvedic therapy and products. The Indian Ayurveda market is currently dominated by the southern markets of Kerala and Karnataka.
To boost the influx of international patients looking for alternative and low-cost treatments, the government has started issuing M (Medical) visa to patients and MX visas to the spouse accompanying him. Under these new medical visa rules, patients will have the facility to bring two attendants – spouse and blood relations. They will be allowed two entries in a year, which means a patient can change attendants.
To better gauge the future success of the medical tourism industry in India, “Booming Medical Tourism in India”, provides a complete insight in the Indian medical tourism market. It evaluates the past, present and future scenario of the 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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RNCOS, incorporated in the year 2002, is an industry research firm. We are a team of industry experts who analyze data collected from credible sources. We provide industry insights and analysis that helps corporations to take timely and accurate business decision in today’s globally competitive environment.