A research conducted by Deloitte has revealed that India ranks second in Medical Tourism throughout the world. Interestingly, India spends only 1.2 per cent of its Gross Domestic Product (GDP) on health issues, but the country takes proper care of foreign patients. The study says that Indian hospitals treated 4.5 lakh foreign patients in 2007. Thailand tops the list with a record number of 12 lakh. The study says that Indian hospitals treat patients not only from its neighbouring states and the countries of West Asia, but also treat a large number of patients from the United States and other European countries. The inflow of patients to India from the European countries has been gradually rising.
During this global financial meltdown, the cheaper but best treatment attracts foreign patients towards India. The absence of patient-waiting list is another reason of attraction towards India. While speaking to the media, Vishal Bali, CEO, Wockhardt Group of Hospitals said, “Indian clinical and paramedical talent is globally appreciated and with JCI accreditation of some hospitals, international standard is proven. Third-party intervention through health insurance has also given it a boost.” He further added, “Thailand, which revolutionised Medical Tourism, is more into cosmetic surgery; India focuses on cardiac, neurological or orthopaedic problems.” While the per-capita healthcare expenditure is USD 720 in Korea, in India it is USD 94 only.