Off Shoots

A cottage industry as the result of medical tourism is what they call it. And it is anything but cottage in scale. When escalating health care costs are forcing more US citizens to look abroad fro their treatment it is opening veritable gold mines for others who arrange the facilities for these patients.

The American Health care system is said to be dysfunctional. It has 47 million people without health coverage, and 130 million without dental insurance.

Who benefits? India, Thailand, Mexico, Costa Rica, Malaysia and Singapore It is estimated that 150,000 Americans go abroad for their treatment and this number shows a growth rate of 15% to 20% annually and get the best treatment at a savings of 30% to 80% in five star luxury.

Flourishing Industry

Excerpts From A Report

This report “Opportunities in Medical Tourism in India (2007)” provides extensive research and objective analysis on the Medical Tourism industry in India.
With global revenues of approximately US$ 20 Billion (2005), the medical tourism industry is one of the world's largest industries. India's cost effective treatment makes it an important player in this industry.
Growing Medical tourism in India will be one of the major sources for foreign exchange.
It is expected that the number of tourists visiting India for the purpose of medical treatment will reach one Million by 2012, representing a CAGR of 28.09% from 2007

Medical Tourism in India all set to grow