Medical Travel Ind May Touch $ 32.5 bn

India is fast emerging as a preferred healthcare and medical destination across the globe. Growing at a compounded annual growth rate (CAGR) of 27%, the inflow of medical tourists in India is likely to cross 3.2 million in 2015. World class treatment and state of the art hospitals in India have created a very favourable atmosphere for patients with varying degrees of illness to avail the best facilities for their treatment.

The medical value travel industry has emerged as one of the fastest growing segment of tourism industry despite the global economic downturn. According to a FICCI-KPMG report, the global medical value travel industry was estimated at USD 10.5 billion in 2012. It is expected to grow at a CAGR of 17.9% from 2013-19 to reach USD 32.5 billion in 2019.