Hotline: 1800 102 2007
Hotline: 1800 102 2007
Search Business Opportunities
Medical Tourism 2019-02-01

Medical Tourism Brings Tons of Business Opportunities in Healthcare Sector

Indian Medical Tourism industry is anticipated to poise a growth of 7-8 billion USD by 2020, and is considered to throw tons of business opportunities in the healthcare sector.

By Features Writer
Medical Tourism Brings Tons of Business Opportunities in Healthcare Sector

The concept of medical tourism has established itself quite well in the country, making India a hub for low-cost and effective healthcare facilities for people from other countries. Indian Medical Tourism industry is anticipated to poise a growth of 7-8 billion USD by 2020, and is considered to throw tons of business opportunities in the healthcare sector.

Here we unveil some business opportunities that are driving the growth of medical tourism in India.

Healthcare provider

The first and the foremost requirement of a traveling patient is a reliable healthcare provider. Healthcare providers include institutions like hospitals, clinics and independent doctors. In India, some of the leading hospital chains like Fortis, Max Healthcare and Narayana Institute of Cardiac Sciences are contributing as healthcare providers for foreign patients.

Agent and facilitator

Agents and facilitators are the ones that connect the patients to the right healthcare provider that falls in their budget. These agents and facilitators are an important part of medical tourism in India. Medical tourism offers opportunities to work as an agent between the healthcare provider and patients. People who are into this for a long time can also open their own agencies to meet the requirements of mass medical tourists.

Travel Desk in Hospitals

Hospitals that sell medical tourism require a dedicated travel desk. These travel desks undertake the comprehensive marketing of hospital with regard to medical tourism. Travel desk helps to fulfill formalities like FRRO, visa extension, accommodation outside hospitals among others. This can be a great employment opportunity in the field of medical tourism.

Travel and tourism

Travel agencies, airlines, transport companies, hotels and travel guides, are some of the mediators that are essential for carrying out the transportation and accommodation of the patients. Designated companies for carrying out all of these activities can help in providing the sophisticated system for traveling patients. ‘Humane International Medical Tourism’ is one such agency, providing all the facilities at one go.

The minimum investment required to open a medical tourism agency is estimated to be around 2 million INR, which is quite feasible when it comes to starting up a business which has high ROI of approximately 12%.

Medical Insurance companies

Medical insurance plays an immense role in providing the coverage to international patients seeking medical treatment abroad. This facility helps the patients to complete their medical procedures in case they fall short of money. Insurance companies that provide capitals for the treatment are of great help for patients, hence there is an increasing demand for medical insurance companies in the market.

Every entity involved in the tourism and medical industry plays a pivotal role in the growth of medical tourism industry. The growth of this industry brings lots of opportunity for aspiring entrepreneurs in the healthcare sector.

Comment
image
image
image
image
Related opportunities
  • Quick Service Restaurants
    About Us: Greetings from USPFC!! USPFC has come a long way from ..
    Locations looking for expansion Rajasthan
    Establishment year 2013
    Franchising Launch Date 2014
    Investment size Rs. 5lac - 10lac
    Space required 200
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Jaipur Rajasthan
  • Others Entertainment & Leisure
    About Us: The 3D Studios aims to bring one such unique..
    Locations looking for expansion Andhra pradesh
    Establishment year 2018
    Franchising Launch Date 2018
    Investment size Rs. 30lac - 50lac
    Space required 100
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Shaikpet Andhra pradesh
  • Education Supplies
    About Us: TicTacToe Learning Center is an afterschool program, learning English..
    Locations looking for expansion Maharashtra
    Establishment year 2018
    Franchising Launch Date 2019
    Investment size Rs. 1 Cr. - 2 Cr
    Space required 4000
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Mumbai Maharashtra
  • Competitive Exam Coaching Institute
    About Us: Searching for a premium franchise opportunity in booming education..
    Locations looking for expansion Karnataka
    Establishment year 2009
    Franchising Launch Date 2009
    Investment size Rs. 2lac - 5lac
    Space required -NA-
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Bangalore Karnataka
Insta-Subscribe to
The Franchising World
Magazine
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities
More Stories

Free Advice - Ask Our Experts