Medical Tourism

In a recent gathering of healthcare officials at the Indian Chamber of Commerce-organized BIMSTEC Health Forum, it was revealed that India’s medical tourism industry had generated a substantial income of $7.4 billion over the last decade. These officials also projected that this figure is expected to soar to $43.5 billion in the next ten years.

Private investments have significantly contributed to the advancement of India’s health sector in the past five years, according to the officials. Discussions during the forum encompassed several crucial topics, including the incorporation of mental health into overall healthcare, the focus on achieving universal health coverage, the utilization of telemedicine, information sharing, the exchange of human capital, and collaborative opportunities.

An official highlighted the importance of coordination between the commercial and public healthcare sectors, as well as the government, to ensure positive change while considering the sensitivity of BIMSTEC nations towards climate change.

It is worth noting that medical tourism is a recognized export for two BIMSTEC members, namely India and Thailand. In this context, the officials proposed a partnership with the Thai government to adopt the “Swastha Sathi” facilities, which is the healthcare scheme implemented by the West Bengal government. The aim is to formulate a progressive plan for medical insurance.

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