Apollo Hospitals in the context of Medical tourism in India


Apollo Hospitals in the context of Medical tourism in India
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👉 Apollo Hospitals in the context of Medical tourism in India

Medical tourism in India is a growing sector within the country's economy. In 2022, India's medical tourism sector was estimated to be worth US$9 billion. Approximately 2 million patients visit India each year from 78 countries for medical, wellness and IVF treatments, generating $6 billion for the industry which is expected to reach $13 billion by 2026 and is backed by the Indian government's Heal in India initiative. According to a report from 2019 by the Federation of Indian Chambers of Commerce and Industry and Ernst & Young, most of the medical patients arrivals in India were from Southeast Asia, Middle East, Africa, and SAARC region. India also receives significant number of medical patients from Australia, Canada, China, Russia, the United Kingdom, and the United States. The city of Chennai has come to be known as the healthcare capital of India.

To encourage applications and ease the travel process for medical tourists, the India government has expanded its e-tourism visa regime in February 2019. The maximum duration of stay under this visa is 6 months. Since 30 August 2019, foreigners can receive any medical treatment in India with the exception of organ transplants without a medical visa.

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Apollo Hospitals in the context of Healthcare in India

India has a multi-payer universal health care model that is paid for by a combination of public and government regulated (through the Insurance Regulatory and Development Authority) private health insurances along with the element of almost entirely tax-funded public hospitals. The public hospital system is essentially free for all Indian residents except for small, often symbolic co-payments for some services.

The 2022-23 Economic Survey highlighted that the Central and State Governments' budgeted expenditure on the health sector reached 2.1% of GDP in FY23 and 2.2% in FY22, against 1.6% in FY21. India ranks 78th and has one of the lowest healthcare spending as a percent of GDP. It ranks 77th on the list of countries by total health expenditure per capita.

View the full Wikipedia page for Healthcare in India
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