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Indian Medical Tourism Can Contribute 25% To GDP In Next Five Years IMTCA
November 03, 2012

Indian Medical Tourism Can Contribute 25% To GDP In Next Five Years IMTCA

03 November 2012

Mumbai: The Medical Tourism segment in India can contribute around 25 per cent to the country's GDP over the next five years if its potential is tapped, said Varsha Lafargue, Founder and Chairperson, Indian Medical Tourism Conference and Alliance (IMTCA). "Currently, the Medical Tourism segment is highly unorganised, where only a handful of hospitals and doctors are reaping benefits. Given the existing infrastructure, highly skilled doctors, medical professionals and low-cost health services, if the potential will be fully tapped, the sector may see a five-fold increase in its contribution to GDP from the current less-than-five per cent contribution," she said, according to a report by Itishree Samal in the Business Standard.

The segment faces shortcomings like no transparency in billing system, low patient flow, no common platform to promote country's Medical Tourism as a whole, and inadequate and limited patient documentation, she said. Lafargue pointed out that Medical Tourism has become a major source of national income in many countries, such as Israel and Jordan. The latter gets five per cent of its GDP from the segment, while the former gets a double-digit number. The economic contribution through an organised Medical Tourism system would be able to generate revenues in billions of dollars in the coming year, Lafargue said.

IMTCA is a not-for-profit international multidisciplinary organisation that promotes excellence in research, treatment and provision of better and alternative healthcare, provides education and training, acts as a platform for doctors and international patients, and creates awareness on global opportunities.