Since ages, India has been world-renowned for its picturesque locales, rich heritage, vibrant culture, and warm hospitality, making it a must-visit destination for many global travelers. But in recent times, the tourism sector of the country is witnessing the progression of a new trajectory - Medical Tourism or Medical Value Travel. The global Medical Value Travel (MVT) market estimated at USD 54 billion is expected to grow at a CAGR of 13% till 2025.
The Indian MVT Industry is facing a phenomenal growth percentage of 18% CAGR every year too. Currently constituting of nearly 18% of the global MVT market, India is expected to reach 20% of the share with a volume of about USD 9 billion (about Rs 65,000 crore) by 2020 as per a report released by Federation of Indian Chambers of Commerce and Industry (FICCI) in collaboration with a consulting major company. Preferred destinations…
