The medical tourism business established India as a center for a low-cost and quality healthcare provider for people from foreign countries. Indian Medical Tourism industry is expected to grow by 7-8 billion USD by 2020 and will provide many business opportunities in the healthcare sector. 

Below are some of the healthcare sectors that are driving the growth of medical tourism. 

Healthcare provider 

Good quality and reliable healthcare providers are the basic requirements of a traveling patient. Healthcare providers include hospitals, clinics, and independent doctors. Some of the leading hospital chains include Fortis, Max Healthcare, and Apollo Hospitals, are contributing as healthcare providers for foreign patients. 

Agent and facilitator 

Agents and facilitators connect the patients to the right healthcare provider as per their budget. These facilitators are a critical part of medical tourism. The medical tourism business offers opportunities to work as an agent between the healthcare provider and patients. Those with more experience can open their agencies to meet the requirements of these medical tourists. 

Travel Desk in Hospitals 

Hospitals providing medical tourism need a dedicated travel desk. These travel desks aid in the marketing of hospitals, in turn, contributing to the growth of medical tourism. The travel desk also supports patients by helping to fulfill paperwork like FRRO, visa extension, and accommodation near hospitals. Being 24*7, it demands many persons and is a great employment opportunity in medical tourism. 

Travel and tourism 

The mediators doing the transportation and accommodation of the patients include travel agencies, airlines, transport companies, hotels, and travel guides. They can provide a sophisticated system for traveling patients if organized properly into a dedicated company. E.g., Humane International Medical Tourism, Clinicspot, We Care Health Services, Alpine Life Solutions, TransEarth Medical Tourism, Vaidam, MediConnect India, MedMonks, Forerunners Healthcare

An investment of around RS. 20 Lakh required to open a medical tourism agency and this business has a high Return on investment of approximately 12% and hence a good business model.

Medical Insurance companies 

Medical insurance plays an important role in providing insurance coverage to foreign patients seeking medical treatment. Insurance helps the patients to complete their medical procedures in case of fund shortage. There is an increasing demand for medical insurance companies in the Indian market as patients need insurance in most cases and Insurance companies can provide needed capital for the treatment.

Every entity involved in the tourism and medical industry plays a crucial role in the growth of the medical tourism industry. The growth of this industry subsequently brings many opportunities for an aspiring businessman in the healthcare sector

This Article Does Not Intend To Hurt The Sentiments Of Any Individual Community, Sect, Or Religion Etcetera. This Article Is Based Purely On The Authors Personal Views And Opinions In The Exercise Of The Fundamental Right Guaranteed Under Article 19(1)(A) And Other Related Laws Being Force In India, For The Time Being.