bora_priya
12-13-2006, 12:09 PM
Few months ago, Howard Staab learned that he suffered from a life-threatening heart condition and would have to undergo surgery at a cost of up to $200,000 -- an impossible sum for the 53-year-old carpenter from Durham, N.C., who has no health insurance.
Howard Staab, who had a life-threatening heart condition requiring surgery, went to India with his partner, Maggi Grace, in search of affordable care. (John Lancaster -- The Washington Post)
Taking his cue from cost-cutting U.S. businesses, Staab last month flew about 7,500 miles to the Indian capital, where doctors at the Escorts Heart Institute & Research Centre -- a sleek aluminum-colored building across the street from a bicycle-rickshaw stand -- replaced his balky heart valve with one harvested from a pig. Total bill: about $10,000, including round-trip airfare and a planned side trip to the Taj Mahal.
"The Indian doctors, they did such a fine job here, and took care of us so well," said Staab, a gentle, ponytailed bicycling enthusiast who was accompanied to India by his partner, Maggi Grace. "I would do it again."
Staab is one of a growing number of people known as "medical tourists" who are traveling to India in search of First World health care at Third World prices. Last year, an estimated 150,000 foreigners visited India for medical procedures, and the number is increasing at the rate of about 15 percent a year, according to Zakariah Ahmed, a health care specialist at the Confederation of Indian Industries (CII)
India, touted as one of the favourite destinations for information technology majors, is currently emerging as the chosen destination for medical or health tourism. The Government of India, State tourism boards, travel agents, tour operators, hotel companies and private sector hospitals are exploring the medical tourism industry for tremendous opportunities. They are seeking to capitalise on the opportunities by combining the country’s popular leisure tourism with medical tourism.
Industry projections? Statistics estimate that the medical tourism industry in India is currently worth $333 million (Rs 1,500 crore) while a study by CII-McKinsey estimates that the country could well earn Rs 5,000-10,000 crore by the year 2012. The Indian medical tourism industry, growing at an annualised rate of 30 percent, caters to patients chiefly from the US, Europe and Africa. Although in its nascent stage, the industry is outpacing similar industries of other countries such as Greece, South Africa, Jordan, Malaysia, Philippines and Singapore. In the year 2004, Approx 1,50,000 medical tourists have visited India.
The phenomenon is another example of how India is profiting from globalization -- the growing integration of world economies -- just as it has already done in such other service industries as insurance and banking, which are outsourcing an ever-widening assortment of office tasks to the country. A recent study by the McKinsey consulting firm estimated that India's medical tourist industry could yield as much as $2.2 billion in annual revenue by 2012.
Some Top India Hospitals Include Apollo, Fortis, Max Healthcare, Escorts, AIIMs, Wockhardt, etc. A few good Medical tourism providers are TaMedical.com, India4health.com, Mediscapes.com and Indiaheals.com.
watch out this space to track developments in the global medicare sector. Also visit http://www.indiaheals.com
Howard Staab, who had a life-threatening heart condition requiring surgery, went to India with his partner, Maggi Grace, in search of affordable care. (John Lancaster -- The Washington Post)
Taking his cue from cost-cutting U.S. businesses, Staab last month flew about 7,500 miles to the Indian capital, where doctors at the Escorts Heart Institute & Research Centre -- a sleek aluminum-colored building across the street from a bicycle-rickshaw stand -- replaced his balky heart valve with one harvested from a pig. Total bill: about $10,000, including round-trip airfare and a planned side trip to the Taj Mahal.
"The Indian doctors, they did such a fine job here, and took care of us so well," said Staab, a gentle, ponytailed bicycling enthusiast who was accompanied to India by his partner, Maggi Grace. "I would do it again."
Staab is one of a growing number of people known as "medical tourists" who are traveling to India in search of First World health care at Third World prices. Last year, an estimated 150,000 foreigners visited India for medical procedures, and the number is increasing at the rate of about 15 percent a year, according to Zakariah Ahmed, a health care specialist at the Confederation of Indian Industries (CII)
India, touted as one of the favourite destinations for information technology majors, is currently emerging as the chosen destination for medical or health tourism. The Government of India, State tourism boards, travel agents, tour operators, hotel companies and private sector hospitals are exploring the medical tourism industry for tremendous opportunities. They are seeking to capitalise on the opportunities by combining the country’s popular leisure tourism with medical tourism.
Industry projections? Statistics estimate that the medical tourism industry in India is currently worth $333 million (Rs 1,500 crore) while a study by CII-McKinsey estimates that the country could well earn Rs 5,000-10,000 crore by the year 2012. The Indian medical tourism industry, growing at an annualised rate of 30 percent, caters to patients chiefly from the US, Europe and Africa. Although in its nascent stage, the industry is outpacing similar industries of other countries such as Greece, South Africa, Jordan, Malaysia, Philippines and Singapore. In the year 2004, Approx 1,50,000 medical tourists have visited India.
The phenomenon is another example of how India is profiting from globalization -- the growing integration of world economies -- just as it has already done in such other service industries as insurance and banking, which are outsourcing an ever-widening assortment of office tasks to the country. A recent study by the McKinsey consulting firm estimated that India's medical tourist industry could yield as much as $2.2 billion in annual revenue by 2012.
Some Top India Hospitals Include Apollo, Fortis, Max Healthcare, Escorts, AIIMs, Wockhardt, etc. A few good Medical tourism providers are TaMedical.com, India4health.com, Mediscapes.com and Indiaheals.com.
watch out this space to track developments in the global medicare sector. Also visit http://www.indiaheals.com