March 2008

Conference on Medical Value Tourism

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(left to right) S. M. Singh, CEO & MD, Fortis Healthcare; Dr. Manjit Singh Bains, Director, Health Services, Chandigarh Administration; Dr. Rana Mehta, Principal Consultant, Technopak Advisors; Pratap K Aggrawal, Chairman, CII Chandigarh Council & Managing Director, IDS Infotech Ltd.

CII Northern Region Headquarters recently organised a one and half day conference on medical value tourism, between 7-8 February 2008 at the impressive office premises of its headquarters in Chandigarh.

The august gathering, comprising eminent healthcare professionals from leading medical institutions and corporate houses across the country, engaged in serious deliberation to take stock of emerging market opportunities, level of preparedness among service providers, best practices, benchmarks and most importantly, the challenges in terms of existing public infrastructure and  government policies.

Pratap K Aggrawal, Chairman, CII Chandigarh Council & Managing Director, IDS Infotech Ltd. delivered the opening remarks of the event, emphasizing the US$ 2 billion medical tourism  market projected for India, by the year 2012.

Powered with an impressive presentation Dr. Rana Mehta, VP-Healthcare Practise, Technopak Advisors, gave a vivid insight into the present and future landscape of medical tourism in India. “3-4 million people came to Asia in 2007 for medical care, and most of them were from US, UK, Middle East and Africa”, said Dr. Mehta. Highlighting the estimated 30% compounded annual growth rate (CAGR) for medical tourists visiting India, Dr. Mehta said, “nearly 1 million foreign patients are expected to visit India in 2012, considerably higher than 0.175 million who visited the country in 2005”.

In order to facilitate medical value travel, development of proper public infrastructure and sound civic amenities are definite pre-requisites. With the existing ground conditions, both healthcare providers and medical travel facilitators are feeling the pinch. Patients from western countries often find Indian public facilities inconvenient

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